Hindustan Zinc Limited (HZL) published its inaugural TNFD (Taskforce on Nature-related Financial Disclosures) report. Recognized by S&P CSA as one of the most sustainable company in the global mining and metals industry, HZL is committed to achieving nature-positive status and aims to reach net zero emissions by 2050 or earlier.
The TNFD report assists decision makers in incorporating nature related opportunities and risks into their strategic planning, aligning with target 15 of the Kunming-Montreal Global Biodiversity Framework and TNFD’s recommendations for evaluating, disclosing, and mitigating nature-associated risks.
HZL is reducing its carbon footprint by increasing the use of renewable energy, improving operational efficiency, and transitioning to low-carbon fuels. The company’s afforestation initiatives also create carbon sinks.
The TNFD council’s framework and recommendations, published in September 2023, provide a market-driven report addressing emerging nature-related risks.
As reported by manufacturingtodayindia.com, the TNFD study employs the LEAP (Locate, Evaluate, Assess, and Prepare) approach, in accordance with the Kunming-Montreal Global Biodiversity Framework (KMBF), to systematically integrate environmental considerations into HZL’s operational and strategic activities.
