Naveen Kumar Sharma, Director, Udaipur Cement: Achieving TSR of 15% by 2030
Companies across the globe have geared up to meet their CO2 reduction targets. We all know that the cement industry is one of the largest emitters of CO2 globally. The cement and concrete industry alone are responsible for 8% of the total national emissions. Companies in this industry across the globe are conscious of this problem and acting towards finding the best solution to cut down their carbon footprints. Indian companies are also catching up with the speed to meet the carbon cutdown mission. Whether it is through new technologies or alternative fuels or alternative cementitious materials, cement players are leaving no stone unturned to achieve the sustainability targets. Still, more actions are required in terms of providing platforms and channels to help the industry aggressively take the low carbon emission path. Some of the steps could be-- incentivising new innovative technology like CCS, allowing manufacturing and sale of multiple types of blended cement, like in European markets, and encouraging mandatory use of blended cement in projects such as “smart cities” and “housing for all” to the extent possible.