By Business India Editorial

Hindustan Zinc has joined the Taskforce on Nature-related Financial Disclosures (TNFD) to provide a market-led framework for organisations to report and act on evolving nature-related risks, it is reported.

It will support a shift in global financial flows away from nature-negative outcomes and towards nature-positive outcomes.
TNFD will organise outreach programs across geographies to raise awareness about the critical nature of climate change. It will play a significant role in helping to tackle environmental and biodiversity loss thus helping in transitioning towards an environmental positive future.

Arun Misra, CEO, Hindustan Zinc Limited, said, “Protecting and enhancing biodiversity is an integral part of our commitment to sustainable development. Hindustan Zinc is pleased to announce that we have joined the TNFD Forum, a consultative body of institutions that support the vision and mission of the Taskforce on Nature-related Financial Disclosures.”

The Udaipur-headquartered Hindustan Zinc, a Vedanta Group Company, is one of the world’s largest and India’s only integrated producer of Zinc-Lead and Silver.

“I believe it (TNFD Forum) will be a valuable framework to understand nature-related risks and opportunities and accelerate the transition towards nature positive and carbon neutral future. We are keen to contribute in delivering a risk management and disclosure framework for nature-related risks shaping the reporting framework that can guide business in considering nature and its services in business decisions and future investments,” added Misra.

As a COP26 Business Leader, the company has always been actively initiating towards tackling the results of climate change. The company is also among the only two metal and mining companies globally and among only four Indian companies to be a part of the coveted CDP (Carbon Disclosure Project) ‘A List’ 2020. Hindustan Zinc has set Sustainability Development Goals 2025 for themselves where the company is aiming towards protecting and enhancing biodiversity throughout the life cycle under the Biodiversity Conservation goal.

Hindustan Zinc has also committed to a ‘Long-term target to reach net-zero emissions by 2050’ in alignment with the Science-Based Targets initiative (SBTi).

The company is ranked 1st in Asia-Pacific and globally 7th in Dow Jones Sustainability Index in 2020 amongst Mining & Metal companies.

Hindustan Zinc is amongst the Top 15 CSR Spenders in India and are currently reaching out to 700,000 people in 184 villages of Rajasthan, 5 in Uttarakhand and 16 villages in Gujarat. As a market leader, Hindustan Zinc governs about 78% of growing Zinc market in India.