Home textiles major Welspun India Ltd said it has united with the global coalition to undertake climate action aligned with Science Based Targets initiative (SBTi) of Net-Zero standard and Business Ambition for 1.5 degrees Celsius to diminish greenhouse gas emissions.
As part of the pledge, Welspun India will strive to achieve net-zero emissions by setting up a target aligned with the SBTi Net-Zero Framework, the company said in a regulatory filing. It will also develop a decarbonisation roadmap to minimise its emission across the value chain operations through initiatives.
This will include reducing greenhouse gas (GHG) emissions through periodic review of GHG inventory, persistent increase in annual sourcing of renewable energy, identifying climate-related business risks and reporting as per the guidelines of TCFD (Task Force on Climate-related Financial Disclosures), the company added.
Welspun India Joint Managing Director and CEO Dipali Goenka said, “Businesses can no longer afford to take a wait-and-see approach to climate change.
The time to act and safeguard our tomorrow is now. Our commitment to the Science Based Targets initiative Net-Zero Standard is a step in that direction.”