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
-
Building Sustainable Communities
admin admin
Sep 21, 2022 8:13 AM
Web Content Article
Building Sustainable Communities We believe in strengthening local communities and supporting them on their journey to improved welfare and greater equality. Through our grassroots,...
-
AVIGYAN JEWELLERS
gaurav kumar
Feb 28, 2023 10:19 AM
Web Content Article
WEST BENGAL Authorised Jewellers null 88.38364666175463 null null KOLKATA null Buy Gold & Silver Coins 22.464938660177758 AVIGYAN JEWELLERS INDIA null 713103...
-
JEWEL INDIA JEWELLERS
gaurav kumar
Feb 28, 2023 10:22 AM
Web Content Article
WEST BENGAL Authorised Jewellers null 88.35351679724145 null null KOLKATA null Buy Gold & Silver Coins 22.54780442009246 JEWEL INDIA JEWELLERS INDIA null 700016...
-
DIWAN SONS
gaurav kumar
Feb 28, 2023 10:24 AM
Web Content Article
WEST BENGAL Authorised Jewellers null 88.35828389724149 null null KOLKATA null Buy Gold & Silver Coins 22.549611026079553 DIWAN SONS INDIA null 700016...
-
SONARHAT
gaurav kumar
Feb 28, 2023 10:26 AM
Web Content Article
WEST BENGAL Authorised Jewellers null 88.36634025049744 null null KOLKATA null Buy Gold & Silver Coins 22.5264525705273 SONARHAT INDIA null 700019...
-
AGAU JEWELS
gaurav kumar
Feb 28, 2023 10:27 AM
Web Content Article
WEST BENGAL Authorised Jewellers null 88.42325283965543 null null SHILONG null Buy Gold & Silver Coins 26.714895255003043 AGAU JEWELS INDIA null 734003...
-
L GOPAL JEWELLERS
gaurav kumar
Feb 28, 2023 10:29 AM
Web Content Article
ASSAM Authorised Jewellers null 91.73938406624221 null null GUWAHATI null Buy Gold & Silver Coins 26.415507400808035 L GOPAL JEWELLERS INDIA null 781001...
-
MANIK CHAND & SONS JEWELLERS
gaurav kumar
Feb 28, 2023 10:33 AM
Web Content Article
ASSAM Authorised Jewellers null 91.77710998197317 null null GUWAHATI null Buy Gold & Silver Coins 26.157163305524648 MANIK CHAND & SONS JEWELLERS INDIA null 781005...
-
SHAM SINGH JEWELLERS
gaurav kumar
Feb 28, 2023 10:36 AM
Web Content Article
MEGHALAYA Authorised Jewellers null 91.87732431079604 null null SHILONG null Buy Gold & Silver Coins 25.57824895045193 SHAM SINGH JEWELLERS INDIA null 793001...
-
VARMA JEWELLERS
gaurav kumar
Feb 28, 2023 10:39 AM
Web Content Article
ODISHA Authorised Jewellers null 85.86360015236721 null null CUTTACK null Buy Gold & Silver Coins 20.464678922285376 VARMA JEWELLERS INDIA null 753002...
-
L GOPAL & SONS JEWELLERS
gaurav kumar
Feb 28, 2023 10:59 AM
Web Content Article
ASSAM Authorised Jewellers null 91.7395970034975 null null GUWAHATI null Buy Gold & Silver Coins 26.18035232552615 L GOPAL & SONS JEWELLERS INDIA null 781001...
-
RAM SWAROOP RAMESHWAR LAL JEWELLERS ( R.R JEWELLERS)
gaurav kumar
Mar 6, 2023 10:54 AM
Web Content Article
RAJASTHAN Authorised Jewellers null 74.658000 null null AJMER rrjewellers.ajmer@gmail.com Buy Gold & Silver Coins 26.463670 RAM SWAROOP RAMESHWAR LAL JEWELLERS ( R.R JEWELLERS) INDIA null 305001...
-
RAM PRATAP KATTA AND SONS (SARRAF)
gaurav kumar
Mar 6, 2023 10:58 AM
Web Content Article
RAJASTHAN Authorised Jewellers null 76.60844765441023 null null ALWAR deepak.katta15@gmail.com Buy Gold & Silver Coins 27.568608253436906 RAM PRATAP KATTA AND SONS (SARRAF) INDIA null 301001...
-
D.P. JEWELLERS
gaurav kumar
Mar 6, 2023 11:23 AM
Web Content Article
RAJASTHAN Authorised Jewellers null 74.636383 null null BHILWARA dpj@dpjewellers.com Buy Gold & Silver Coins 25.346251 D.P. JEWELLERS INDIA null 311001...
-
KUBER SILVERWARES AND GIFTS
gaurav kumar
Mar 6, 2023 11:30 AM
Web Content Article
RAJASTHAN Authorised Jewellers null 75.82875885904971 null null JAIPUR kubersilverware@gmail.com Buy Gold & Silver Coins 26.914206335676184 KUBER SILVERWARES AND GIFTS INDIA null 302003...
-
D.P JEWELLERS
gaurav kumar
Mar 6, 2023 11:38 AM
Web Content Article
RAJASTHAN Authorised Jewellers null 73.6963 null null UDAIPUR dpj@dpjewellers.com Buy Gold & Silver Coins 24.5895 D.P JEWELLERS INDIA null 313001...
-
D.P JEWELLERS
gaurav kumar
Mar 6, 2023 11:41 AM
Web Content Article
RAJASTHAN Authorised Jewellers null 75.8468 null null KOTA dpj@dpjewellers.com Buy Gold & Silver Coins 25.1705 D.P JEWELLERS INDIA null 324007...
-
D.P JEWELLERS
gaurav kumar
Mar 6, 2023 11:44 AM
Web Content Article
RAJASTHAN Authorised Jewellers null 74.4294 null null BANSWARA dpj@dpjewellers.com Buy Gold & Silver Coins 23.5574 D.P JEWELLERS INDIA null 327001...
-
D.P JEWELLERS
gaurav kumar
Mar 6, 2023 11:46 AM
Web Content Article
MADHYA PRADESH Authorised Jewellers null 75.0343 null null RATLAM dpj@dpjewellers.com Buy Gold & Silver Coins 23.3218 D.P JEWELLERS INDIA null 457001...
-
D.P JEWELLERS
gaurav kumar
Mar 6, 2023 11:48 AM
Web Content Article
MADHYA PRADESH Authorised Jewellers null 75.0343 null null INDORE dpj@dpjewellers.com Buy Gold & Silver Coins 23.3218 D.P JEWELLERS INDIA null 452003...
- 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