Has Adani Cement Become the First Indian Cement Company to Adopt the Global TNFD Framework?
Synopsis
Key Takeaways
- Adani Cement is the first Indian cement company to adopt the TNFD framework.
- The adoption aims to enhance transparency and accountability in environmental practices.
- Adani Cement is committed to nature-positive growth and climate leadership.
- The company has implemented extensive afforestation projects and achieved water positivity.
- TNFD provides a framework for integrating nature-related considerations into corporate strategy.
Ahmedabad, Nov 14 (NationPress) Adani Cement has made history by becoming the first cement company in India to implement the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations. This landmark decision positions the company alongside a select few global leaders who are advocating for a nature-positive shift in their business practices, as announced on Friday.
With this initiative, Adani Cement, which includes India’s renowned cement brands Ambuja Cements and ACC, joins the ranks of seven international cement companies that have embraced the TNFD framework.
The formal adoption of TNFD-aligned recommendations is set for FY26, aimed at improving the company’s transparency and accountability regarding environmental performance.
“This step towards adopting the TNFD framework is a significant milestone in Adani Cement’s journey towards nature-positive growth and leadership in climate action. We take pride in being the first in our sector to commit to TNFD-aligned disclosures, underscoring our belief that responsible business practices are crucial for sustainable success,” stated Vinod Bahety, CEO–Cement Business, Adani Group.
This commitment is built on the company’s recent strides in decarbonisation, including the world’s inaugural commercial use of Coolbrook’s RotoDynamic Heater (RDH) technology.
“We are intensifying our efforts towards achieving Net Zero, fostering biodiversity, and enhancing resilience throughout our operations. Our emphasis on innovation, digitalization, and renewable energy, supported by the Adani Group’s integrated ecosystem, positions us to create exceptional value for all stakeholders while contributing to India’s sustainable development goals,” remarked Bahety.
By adopting TNFD recommendations, Adani Cement is dedicated to identifying, assessing, managing, and revealing nature-related risks and opportunities, thereby solidifying its role as a leader in sustainable manufacturing.
The TNFD initiative is a global, science-based movement initiated by the United Nations Environment Programme Finance Initiative (UNEP FI), the United Nations Development Programme (UNDP), the World Wildlife Fund (WWF), and Global Canopy.
It provides guidance to companies on how to incorporate nature-related factors into their strategic decision-making and corporate reporting.
Furthermore, Adani Cement has already established strong ESG standards, which include extensive afforestation efforts that have led to the planting of over 7 million trees, achieving 12x water positivity in water stewardship, and prioritizing biodiversity conservation across its manufacturing sites.
Recently, on Wednesday, Adani Ports and Special Economic Zone Limited (APSEZ) became the first Integrated Transport Utility in India to adopt the TNFD framework, paving the way for nature-positive infrastructure development.