Apollo Tyre Commits to a Sustainable Future

As a responsible and progressive tire manufacturer, Apollo Tyres, has made further commitments in the ESG (Environment, Social and Governance) space. The Company has undertaken the following commitments towards sustainability:

Commitment to be carbon neutral by 2050; this would entail Improving Scope-1 and Scope-2 emission intensity by 25% by 2026 against baseline year of 2020 Increase in renewable power in total power share to 25% by 2026 Improve water withdrawal intensity by 25% by 2026 against baseline year of 2019 Commitment to improve its D&I (Diversity and Inclusion) to 12% globally by 2026 Increase usage of sustainable raw material to 40% by 2030

Speaking about the defined targets Neeraj Kanwar, Vice Chairman & MD, Apollo Tyres Ltd, said “With an aspiration to be carbon neutral by 2050, we are working towards creating climate-resilient operations. Dedicated teams and investments are being made in energy-saving initiatives and towards renewable energy to be prepared for the future and to contribute towards a decarbonized tomorrow.” …

Source: Rubber World