Back MMTC-PAMP is India’s First Precious Metals Company to have Science-based Emissions Reduction Targets Approved by the SBTi
MMTC-PAMP, India’s only London Bullion Market Association (LBMA) Good Delivery gold & silver refinery, reinforces its commitment to sustainability as the first precious metals company in India to have science-based carbon emissions reduction targets approved by the Science Based Targets initiative (SBTi). This marks a pivotal milestone for MKS PAMP GROUP as both MMTC-PAMP and MKS PAMP commit to carbon emission reduction targets.
MMTC-PAMP India Private Limited commits to reduce absolute scope 1 and 2 GHG emissions 47 per cent by FY2029/2030 from a FY2018/2019 base year. MMTC-PAMP India Private Limited also commits to reducing absolute scope 3 GHG emissions by 27.5 per cent within the same timeframe. Continuing its ongoing commitment to sustainability, MMTC-PAMP, among other initiatives has also recently implemented 705 kWp of solar energy panels, actively contributing to decarbonization and reducing its carbon footprint.
Commenting on the target approval by the SBTi, Vikas Singh, Managing Director and CEO, MMTC-PAMP India Private Limited said, “We are proud to be leading our industry in this transformation and are deeply devoted to making a substantial impact in our environmental engagement. In line with this vision, we have set forth a robust commitment to drive meaningful change in our carbon footprint.”
“Today, we welcome MMTC-PAMP’s science-based targets consistent with limiting warming to 1.5°C,” said Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative. “The ambition of MMTC-PAMP’s targets is aligned with the need for the global economy to rapidly cut emissions. This company is setting an example for the rest of its industry, and I urge others in its sector to set their targets too.”
The Science Based Targets Initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
The initiative is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practices in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.
MMTC-PAMP’s commitment towards sustainability and the approval from the SBTi underscores MKS PAMP GROUP’s ambition to accelerate its sustainability agenda across its companies.
A joint venture between Switzerland-based bullion refinery, MKS PAMP SA, and MMTC Ltd, a Miniratna and Government of India Undertaking. MMTC-PAMP is the only LBMA-accredited gold & silver good delivery refiner in India and is accepted across global commodity exchanges and central banks. The company seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry. MMTC-PAMP has received several awards since its inception from local and global industry bodies for transparency and sustainability that it rigorously upholds in its sourcing, refining, and supply of precious metals in the Indian market.
The Science Based Targets initiative (SBTi) is a global body enabling companies and financial institutions to set ambitious emissions reduction targets in line with the latest climate science. The SBTi’s goal is to accelerate businesses across the world to support the global economy to halve emissions before 2030 and achieve net-zero before 2050. The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.
Categories
Recent Posts
-
KUBER BULLION
gaurav kumar
Mar 21, 2024 10:38 AM
Web Content Article
WEST BENGAL Authorised Jewellers null 88.35693095070744 null null KOLKATA kuberbullion@gmail.com Buy Gold & Silver Coins 22.583679196376085 KUBER BULLION INDIA null 700007...
-
GEMKARA PRIVATE LIMITED
gaurav kumar
Mar 21, 2024 10:40 AM
Web Content Article
HARYANA Authorised Jewellers null 77.07899451045687 null null GURUGRAM gemkarapvtltd@gmail.com Buy Gold & Silver Coins 28.45075780305759 GEMKARA PRIVATE LIMITED INDIA null 122003...
-
BRIJBASI SARAF
gaurav kumar
Mar 21, 2024 10:42 AM
Web Content Article
UTTAR PRADESH Authorised Jewellers null 80.92553590853605 null null LUCKNOW brijwasisarraf.abd@gmail.com Buy Gold & Silver Coins 26.847723951950385 BRIJBASI SARAF INDIA null 226018...
-
B. K. SARAF PRIVATE LIMITED
gaurav kumar
Mar 21, 2024 10:44 AM
Web Content Article
UTTAR PRADESH Authorised Jewellers null 80.9578610527193 null null LUCKNOW admin@bksaraf.com Buy Gold & Silver Coins 26.874336668879813 B. K. SARAF PRIVATE LIMITED INDIA null 226006...
-
SWASTIK SHREE JEWELLERS
gaurav kumar
Mar 21, 2024 10:46 AM
Web Content Article
HARYANA Authorised Jewellers null 77.32153466441918 null null FARIDABAD abhinavvbansal09@gmail.com Buy Gold & Silver Coins 28.43540932032122 SWASTIK SHREE JEWELLERS INDIA null 121008...
-
AMRIT JEWELS
gaurav kumar
Mar 7, 2023 7:25 AM
Web Content Article
PUNJAB Authorised Jewellers null 75.83820795916826 null null LUDHIANA Info@amritjewels.in Buy Gold & Silver Coins 30.911406512194183 AMRIT JEWELS INDIA null 144001...
-
SUNRISE JEWELLS
gaurav kumar
Mar 21, 2024 10:59 AM
Web Content Article
KARNATAKA Authorised Jewellers null 77.57108412162604 null null BENGALURU sunrisejewells@hotmail.com Buy Gold & Silver Coins 12.942352787909037 SUNRISE JEWELLS INDIA null 560004...
-
SHRI RAJ JEWELLERS
gaurav kumar
Mar 21, 2024 11:02 AM
Web Content Article
DELHI Authorised Jewellers null 77.09529530860982 null null DELHI SHRIRAJJEWELLERS99@GMAIL.COM Buy Gold & Silver Coins 28.63706017121168 SHRI RAJ JEWELLERS INDIA null 110018...
-
RAJASTHAN RAJYA SAHKARI UPBHOKTA SANGH LTD
gaurav kumar
Mar 22, 2024 9:38 AM
Web Content Article
RAJASTHAN Authorised Jewellers null 75.82950446212513 null null JAIPUR mgrmktgconfed@gmail.com Buy Gold & Silver Coins 26.921104099163237 RAJASTHAN RAJYA SAHKARI UPBHOKTA SANGH LTD INDIA null...
-
KUNDANMALA JEWELS (PREFERRED PARTNER)
gaurav kumar
Mar 1, 2024 10:25 AM
Web Content Article
UTTARAKHAND Authorised Jewellers null 78.06742414181532 null null DEHRADUN null Buy Gold & Silver Coins 30.360028812687446 KUNDANMALA JEWELS (PREFERRED PARTNER) INDIA null 248001...
-
ARVINDBHAI BECHARDAS JEWELLERS PRIVATE LIMITED
akshith kapoor
Nov 10, 2022 10:27 AM
Web Content Article
GUJARAT Authorised Jewellers null 72.53078389685547 null null AHMEDABAD null Buy Gold & Silver Coins 23.02466644883753 ARVINDBHAI BECHARDAS JEWELLERS PRIVATE LIMITED INDIA null 380015...
- News
- News
- Minted Products
- Digital Gold
- News
- Sell Gold
- Digital Gold
- Sell Gold
- Sell Gold
- Digital Gold
- Fashion & Culture
- Digital Gold
- News
- News
- News
- News
- News
Enter your mobile number to proceed
We are currently accepting new accounts by invitation only