ESG in the Cement and Concrete Industry

In the wake of rapid urbanisation and growing infrastructure needs, the Indian cement industry is experiencing high product demand. However, it is also known for its substantial environmental impact, including high GHG emissions and resource consumption. Stakeholders and investors are becoming more outspoken about sustainability issues concerning the industry. This whitepaper explores the importance of ESG in the cement and concrete industry and highlights the key trends, challenges, and opportunities.

Key Highlights

• By delving into the financial implications, we demonstrate how ESG integration can enhance the resilience and competitiveness of cement companies.
• Key opportunities include, cost savings, increased investor attraction, access to green finance and competitive advantage.
• Decarbonization of the cement industry remains the most important ESG focus area for companies and stakeholders alike.
• The most popular decarbonization levers in practice are improved energy efficiency, reducing clinker to cement ratio, using alternative fuels and renewable energy.

Drawing on successful examples from different cement companies in the country, we showcase best practices in ESG implementation. These case studies serve as practical models for Indian cement companies seeking to embark on their sustainability journey. Due to the inevitable tension between economic growth and corporate responsibility, it is imperative for the cement industry to understand its current ESG status and risk and articulate its future sustainability goals. By acting responsibly, the Indian cement industry can playa leading role in the nation's sustainable development and create a positive impact on a global scale.

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