ESG Targets FY25-26

At Hindustan Platinum, we are committed to embedding Environmental, Social, and Governance (ESG) principles into every aspect of our operations. Our ESG targets are designed to drive responsible growth, reduce our environmental footprint, and create long-term value for all stakeholders.

Home » ESG Targets FY25-26

Our ESG Commitments

Environmental

Achieve net-zero operations by 2050 with interim milestones for carbon, energy, water, and waste.

Social

Enhance workplace safety, diversity, equity, and community engagement with measurable annual improvements.

Governance

Maintain the highest levels of ethical conduct, transparency, and compliance across global operations.

Hindustan Platinum Achieves SBTi Validation for Net-Zero Climate Targets

19 March 2026 — We have achieved a major sustainability milestone, with the Science Based Targets initiative (SBTi) officially validating our science-based net-zero greenhouse gas (GHG) emissions targets. This validation strengthens our position as a climate-responsible precious metals leader and reinforces our long-term commitment to sustainable growth, decarbonization, and value chain transformation.

Our approved targets cover Scope 1, Scope 2, and Scope 3 emissions, aligning with the most rigorous climate science and supporting the global ambition to limit temperature rise to 1.5°C under the Paris Agreement. This validation confirms our structured, time-bound transition pathway toward net-zero emissions across our global operations and ecosystem.

Decarbonization Led by Renewable Energy, Innovation, and Circularity

This achievement marks a significant step forward in the company’s sustainability journey, reinforcing its focus on:

Accelerating our transition to net zero through energy efficiency, renewable adoption, and process innovation

Embedding sustainability and responsible sourcing across our precious metals value chain

Advancing circular economy leadership through metal recovery, recycling, and closed loop solutions

Enabling our customers and partners to meet their own climate and regulatory commitments

As industries worldwide accelerate the shift toward electrification, digitalization, and low carbon technologies, we continue to play a pivotal enabling role by delivering advanced materials, sustainable manufacturing solutions, and high purity precious metal technologies that support cleaner mobility, semiconductor innovation, and the energy transition.

With SBTi validation, we join a growing group of forward looking global organizations translating science aligned climate ambition into measurable action, strengthening resilience, competitiveness, and long term stakeholder value.

About the Science Based Targets initiative (SBTi)

The Science Based Targets initiative is a global body that defines best practices in science based climate target setting and independently validates corporate emissions reduction strategies. Through this framework, we align our decarbonization pathway with the latest climate science and global climate goals.

Decarbonization Plan & Roadmap

Our vision is to achieve a net-zero carbon footprint by 2050, aligned with global climate goals, while ensuring sustainable value creation for our customers and communities.

Energy Transition

Increase renewable energy share in operations to 50% by 2030.
Implement solar and green power purchase agreements at all sites.

Process Innovation

Invest in energy-efficient technologies across refining, catalyst, and manufacturing units.
Scale adoption of Industry 4.0/5.0 for predictive efficiency and lower emissions.

Sustainable Supply Chain

Partner with suppliers for responsible sourcing and low-carbon logistics.
Introduce ESG scorecards for supplier performance evaluation.

Carbon Offsetting & Neutralization

Participate in verified carbon offset projects.
Support afforestation and biodiversity conservation in local communities.

Roadmap to Net Zero

Assured GHG Emissions, Clear Climate Action (Science Based Targets initiative – SBTi Alignment)

Target Scope 1

Biogas & Biomethane
Biodiesel
Ethanol-blended Petrol
R32 Refrigerant
Electrification (EVs)

Target Scope 2

Solar Power
Wind Power
Hybrid Power

Net Zero Targets for Scope 1 and 2

Scope 1 & 2 Emission
10,358 tCO₂ (Baseline FY24)
Near Term
2034-35,63%, 6527.74 tCO₂e
Long Term
2044-45, 37%, 10358.33 tCO₂e

Target Scope 3 (Upstream)

Sustainable Procurement & Transportation
Circular Economy
Waste Reduction
Optimize Material Use
Reduce Business Travel
Expand Virtual Meetings

Net Zero Targets for Scope 3

Scope 3 Emission

22,949 tCO₂ (Baseline FY24)

Near Term

2034-35, 37.5%, 8606.22 tCO₂e

Long Term

2049-50, 62.5%, 22949.25 tCO₂e

Target Scope 1

Biogas & Biomethane
Biodiesel
Ethanol-blended Petrol
R32 Refrigerant
Electrification (EVs)

Target Scope 2

Solar Power
Wind Power
Hybrid Power

Target Scope 3 (Upstream)

Sustainable Procurement & Transportation
Circular Economy
Waste Reduction
Optimize Material Use
Reduce Business Travel
Expand Virtual Meetings

Net Zero Targets for Scope 1 and 2

Scope 1 & 2 Emission
10,358 tCO₂ (Baseline FY24)
Near Term
2034-35,63%, 6527.74 tCO₂e
Long Term
2044-45, 37%, 10358.33 tCO₂e

Net Zero Targets for Scope 3

Scope 3 Emission
22,949 tCO₂ (Baseline FY24)
Near Term
2034-35, 37.5%, 8606.22 tCO₂e
Long Term
2049-50, 62.5%, 22949.25 tCO₂e

From Green Energy to Zero Waste

Our SBTi Aligned Decarbonization Blueprint

Scope 1 & 2

Near Term

Max (Year): 2034-35

Reduction %: 5.73% (YoY) | 63% by 2034-35

Reduction (tCO₂e): 593.25 tCO2e (YoY) | 6527.74 tCO₂e by 2034-35

Long Term

Max (Year): 2044-45

Reduction %: 3.7% (YoY) | 37% by 2044-45

Reduction (tCO₂e): 383.26 tCO₂e (YoY) | 10358.33 tCO₂eby 2044-45

Scope 3

Near Term

Max (Year): 2034-35

Reduction %: 3.41% (YoY) 37.5% by 2034-35

Reduction (tCO₂e): 782.38 tCO₂e (YoY) | 8606.22 tCO₂e by 2034-35

Long Term

Max (Year): 2049-50

Reduction %: 4.17% (YoY) | 62.5% by 2049-50

Reduction (tCO₂e): 956.25 tCO₂e (YoY) | 22949.25 tCO₂e by 2049-50