Shree Cement

Shree Cement's Climate Commitments and Emissions Performance

Shree Cement, a prominent Indian cement manufacturer, is actively engaged in addressing its carbon footprint. The company has set near-term intensity reduction targets for both Scope 1 and Scope 2 emissions.

Emissions Data:

In the reporting year 2024, Shree Cement reported Scope 1 emissions totalling approximately 21.9 billion kg CO2e and Scope 3 emissions of about 310.7 million kg CO2e. Scope 1 and 2 emissions (location-based) were approximately 370 million kg CO2e.

For the 2022 reporting year, Shree Cement reported total emissions of approximately 15.7 billion kg CO2e, comprising Scope 1 emissions of about 15.7 billion kg CO2e, Scope 2 emissions of around 331 million kg CO2e, and Scope 3 emissions of approximately 264 million kg CO2e.

In 2021, the company's Scope 1 emissions were approximately 15.5 billion kg CO2e, Scope 2 emissions were around 241 million kg CO2e, and Scope 3 emissions were approximately 248 million kg CO2e.

Climate Targets and Initiatives:

Shree Cement has committed to significant greenhouse gas (GHG) emission reductions, aligned with a 2°C warming scenario. These commitments are part of its near-term strategy, with a base year of 2019.

• Scope 1 Emissions: Shree Cement aims to reduce Scope 1 GHG emissions by 12.7% per ton of cementitious material by 2030. This target is also documented in their TCFD report, which indicates a reduction from 0.58 Tonne CO2 to 0.51 Tonne CO2, or 0.534 Tonnes CO2e per tonne of cementitious material, by 2030.
• Scope 2 Emissions: The company is targeting a reduction of 27.1% in Scope 2 GHG emissions per ton of cementitious material by 2030.

These targets have been validated by the Science Based Targets initiative (SBTi), confirming their alignment with the necessary reductions to limit global warming to 2°C. The company's sustainability reports provide further details on its emission intensity per tonne of cement.