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Hindustan Zinc's CEO Priya Agarwal Hebbar talks about the company's #ESG goals, achievements and demerger at the #WEF2024.


Watch her in conversation with Vishnu Som.


Read all #WEF2024 updates: https://bit.ly/420ODMW
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Transcript
00:00 You know, a few years ago the term ESG was coined and we got McKinsey in to work with
00:06 us and benchmark and really devise and tell us what is the best way forward for a natural
00:11 resources company in the area of ESG. And they came up with nine goals, may it be net
00:17 zero carbon before 2050, may it be going water positive before 2030, may it be impacting
00:22 the lives of 100 million women and children. These are the kind of targets that we've taken
00:26 and set along with McKinsey. And, you know, we've set up a very powerful committee to
00:31 make this happen. And today we're well on our way to achieving all of these goals, you
00:35 know, where there's no looking back. We are the largest, we have signed the largest contract
00:40 for renewable power of two gigawatts in the country. In fact, you know, the top five largest
00:45 in the world. And we've been the largest, we've already been the largest consumer of
00:50 renewable power in the country. And these are areas that we're very, very serious about.
00:55 And, you know, going forward, you know, even the metals that we focus on, you know, we're
01:01 focusing on, for example, silver. For solar panel, for us to set up solar panel manufacturing,
01:06 silver is such a key ingredient. So it's inevitable in what we do as well, you know, the entire
01:12 ESG, the entire climate forecast plays a very, very crucial role. We've also committed $1
01:18 billion to electrify our entire fleet. We've had the first underground mining vehicle in
01:26 the country, you know, at Hindustan Zinc. And we're going far beyond just environment.
01:31 We are empowering women. Women, you know, women were not allowed to go underground in
01:36 India in 2019 where they legalized. Hindustan Zinc was the first company to get women underground.
01:42 And today we have women leading the way underground and it's amazing.
01:45 In mining operations.
01:46 In mining operations. And they are doing heavy, they're lifting forklifts. They're the first
01:51 women rescue team of India is at Hindustan Zinc. And these women come to me and they
01:55 tell me that the safest we feel is when we're underground. So really, you know, we're looking
02:00 at ESG, we're looking at, you know, this entire, in a very holistic manner and we're very,
02:07 very, you know, focused on making sure we achieve that. I mean, I can even talk about
02:10 water positivity. A lot of our plants are in water scarce areas of Rajasthan. We're
02:16 already water positive there. More than 60% of our units are water positive already. And
02:21 we are looking at being water positive by 2030 across all units. So very passionate
02:25 project and we will get there.
02:28 And there's the big demerger as well, which your group has been focusing on. Tell us a
02:31 little bit about that.
02:32 So the demerger is, you know, is a strategic course of action and something that, you know,
02:37 we've taken our shareholders account and we know that this is the right thing to do for
02:41 everybody. The fact is that investors today want to invest in pure play models. You know,
02:46 if someone wants to invest in silver, if someone wants to invest in recycling, if someone wants
02:50 to invest in zinc, you get the option of investing in the pure play model that you would like
02:54 to invest in. So it really is. And each of these, you know, metals and each of these
03:00 industry, whether it's, you know, you were talking about semiconductor, we're talking
03:03 about display, all of them have such huge potential. Unless we demerge, we can't really
03:08 make sure that we maximize the potential for all of them. So it really is the sensible
03:11 way forward.
03:12 [inaudible].
03:19 [inaudible].
03:20 [inaudible].
03:26 [BLANK_AUDIO]

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