Hindalco Industries

Hindalco Industries, based in India and operating in the Aluminium and aluminium products sector, reported its greenhouse gas (GHG) emissions. For the fiscal year 2024, the company's Scope 1 emissions were approximately 25.28 billion kg CO2e, and Scope 2 emissions (location-based) were around 440 million kg CO2e. In the same year, Scope 3 emissions, specifically purchased goods and services, amounted to approximately 1.08 billion kg CO2e, with upstream transportation and distribution at about 200 million kg CO2e, and waste generated in operations at approximately 90 million kg CO2e.

For fiscal year 2026, Hindalco Industries projected Scope 1 emissions to be about 24.91 billion kg CO2e and Scope 2 emissions at approximately 390 million kg CO2e. The preceding year, fiscal year 2025, saw projected Scope 1 emissions of roughly 25.19 billion kg CO2e and Scope 2 emissions of approximately 410 million kg CO2e.

Hindalco Industries has established several climate commitments and reduction targets. The company aims to reduce specific GHG emissions by 25% by 2025, referencing a base year of 2011-12. For its Novelis operations, there is a target to reduce the absolute carbon footprint by 30% by fiscal year 2026, with a long-term goal of achieving 100% reduction by 2050, both against a fiscal year 2016 baseline.

Additionally, Hindalco has set targets for net-zero emissions by 2030 and aims for carbon neutrality by 2030. Specifically, it targets a 30% reduction in Scope 1 and Scope 2 emissions from 2020 levels by 2030. They have also reported achieving a 15% reduction in specific GHG emissions in aluminium production from the fiscal year 2011-12 base year.

The company is also committed to a 35% reduction in specific energy consumption and GHG emissions from a base year of 2005-06 by 2030. Furthermore, Hindalco Industries has a stated ambition to reduce its absolute carbon footprint by 100% by 2050, against a fiscal year 2015-16 baseline.