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Indo Tech Transformers Targets 70% Scope 1 Emission Reduction by FY 2029-30
Indo Tech Transformers Limited has released its comprehensive ESG report for FY 2024-25, outlining aggressive sustainability targets. The company aims to reduce Scope 1 greenhouse gas emissions by 70% and transition to 100% green energy for Scope 2 emissions by FY 2029-30. Additionally, the firm is targeting a 3% reduction in Scope 3 emissions through localized procurement. These initiatives are designed to enhance the company's competitiveness in the global export market and align with SEBI's BRSR framework.
Key Highlights
Targeting 70% reduction in Scope 1 GHG emissions by FY 2029-30 through cleaner fuel adoption
Aiming for 100% green energy for Scope 2 emissions by FY 2029-30, exceeding India's national pledge of 50%
Plan to reduce Scope 3 emissions by 3% by FY 2029-30 by promoting local procurement and community linkages
Implementation of SHINE (Safety and Health Innovations Nurturing Excellence) program to maintain high OHS standards
ESG strategy aligned with global standards like S&P CSA and UNSDGs to mitigate risks and attract ESG-focused investments
👀 What to Watch
Investors should recognize this as a proactive move to future-proof the business against evolving environmental regulations and carbon taxes. Monitor the company's capital allocation towards green energy infrastructure in upcoming fiscal years.
