January 2022: UltraTech Cement has been recognised with the Leaders Award in the Mega Large Business, Process Sector category, at the Frost & Sullivan and TERI Sustainability 4.0 Awards 2021. The Sustainability 4.0 Awards, now in its 12th year edition, recognises efforts of companies that incorporate sustainability principles into their business culture.
UltraTech received the Leaders Award for its holistic approach to sustainability and its best-in-class sustainability practices. Some of these practices include:
Strong sustainability commitment with oversight of Board level committee and clear linkage to operational reviews at Unit Level.
Comprehensive approach to sustainability with commitments like Task Force on Climate-related Financial Disclosures (TCFD), SBTi, Net Zero, RE100, EP100, No-Net Loss and others.
UltraTech focuses its sustainability initiatives in areas like decarbonisation, circular economy, biodiversity management, water positivity, safe operations and community development. As part of its efforts to accelerate decarbonisation of its operations, UltraTech has adopted new age tools like the Science Based Targets initiative (SBTi) and Internal Carbon Price and has set ambitious environmental targets through both EP100 and RE100.
Under its commitment to The Climate Group’s RE100 initiative, UltraTech targets to meet 100 per cent of its electricity requirement through renewables sources by 2050. UltraTech is also a signatory to the GCCA Climate Ambition 2050 and has committed to Net Zero Concrete Roadmap announced by GCCA. UltraTech also works to actively contribute to the social and economic development of the communities in which it operates in.
At UltraTech, we undertake our social initiatives under the aegis of The Aditya Birla Centre for Community Initiatives and Rural Development with Mrs. Rajashree Birla as its Chairperson. The key focus areas are education, healthcare, sustainable livelihoods, community infrastructure and social causes. UltraTech reaches out to more than 2.1 million beneficiaries in over 500 villages in 16 states across India.
Frost & Sullivan and TERI Sustainability 4.0 Awards are one of India's prestigious awards, that are dedicated exclusively to sustainability. The winners were announced in an Awards ceremony held virtually on 12th January 2022. The awards are decided through an in-depth and comprehensive assessment system based on well-defined framework covering all critical parameters of sustainability. Each participant was evaluated and benchmarked against competitors by a team of experts from Frost & Sullivan and TERI.
The awards aim to recognize the efforts of companies in India that have successfully integrated sustainability into their business and investment decisions. The awards also highlight the contributions of organizations that have been able to accelerate their sustainability strategies even during the pandemic and strive for excellence in sustainable development. It motivates businesses to take more logical and sustainable decisions that ensure long term stakeholder value. The awards recognized excellence in sustainable development among organizations by providing a measurable and verifiable framework for sustainability.