ACC Limited
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ACC Limited is one of the leading cement manufacturers in India, with a rich history of over eight decades. Established in 1936, the company has been at the forefront of the Indian cement industry, providing high-quality cement products to a wide range of customers across the country. ACC Limited is a subsidiary of the global cement giant, LafargeHolcim, and has a strong presence in the Indian market, with a network of over 6,000 dealers and retailers.
The company operates in the cement sector, which is a critical component of the Indian economy. The cement industry is a significant contributor to the country's GDP, providing employment to millions of people and supporting various other industries such as construction, infrastructure, and real estate. However, the cement industry is also a significant emitter of greenhouse gases, contributing to global warming and climate change. Therefore, the industry is under increasing pressure to decarbonize and reduce its carbon footprint.
ACC Limited is committed to decarbonization and sustainability and has taken several initiatives to reduce its environmental impact. The company has set a target to reduce its carbon emissions by 40% by 2030, compared to its 2010 baseline. To achieve this, the company is investing in renewable energy and energy-efficient technologies, among other measures.
One of the key initiatives taken by ACC Limited is the use of renewable energy. The company has set up several wind and solar power plants across its manufacturing facilities, which generate clean energy and reduce the company's reliance on fossil fuels. As of 2021, ACC Limited has a total installed capacity of 74 MW of renewable energy, which accounts for around 10% of its total energy consumption. The company has set a target to increase this to 50% by 2030.
In addition to generating renewable energy, ACC Limited is also exploring other ways to reduce its carbon footprint. The company has implemented several energy-efficient technologies, such as waste heat recovery systems, which capture and reuse waste heat generated during the cement manufacturing process. This not only reduces the company's energy consumption but also helps to lower its carbon emissions.
Another significant initiative taken by ACC Limited is the use of Corporate Power Purchase Agreements (PPAs). Under a Corporate PPA, a company buys renewable energy directly from a renewable energy project developer, rather than from the grid. This allows the company to source clean energy at a lower cost and reduces its carbon footprint. ACC Limited has signed several Corporate PPAs with renewable energy project developers, which has helped the company to increase its renewable energy consumption and reduce its carbon emissions.
ACC Limited is also committed to reducing its energy consumption through various energy efficiency measures. The company has implemented several initiatives to improve the energy efficiency of its manufacturing facilities, such as the use of energy-efficient lighting systems, variable frequency drives, and high-efficiency motors. These measures have helped the company to reduce its energy consumption and lower its carbon emissions.
In addition to its efforts to reduce its environmental impact, ACC Limited is also committed to corporate social responsibility. The company has implemented several initiatives to support the communities in which it operates, such as providing education and healthcare facilities, supporting local businesses, and promoting sustainable development. ACC Limited has also set up a foundation, the ACC Trust, which focuses on promoting education, healthcare, and sustainable livelihoods in the communities around its manufacturing facilities.
In conclusion, ACC Limited is a leading cement manufacturer in India, committed to decarbonization and sustainability. The company has taken several initiatives to reduce its environmental impact, such as the use of renewable energy, energy-efficient technologies, and Corporate PPAs. ACC Limited has set a target to reduce its carbon emissions by 40% by 2030 and increase its renewable energy consumption to 50% by the same year. The company is also committed to corporate social responsibility and has implemented several initiatives to support the communities in which it operates. ACC Limited is a shining example of a company that is committed to sustainability and is taking concrete steps to reduce its environmental impact.