Mahendra Singhi, managing director and CEO of Dalmia Cement (Bharat) Limited has been invited to represent the Carbon Pricing Leadership Coalition (CPLC) as a Carbon Pricing Champion.
CPLC is a global coalition promoted by the World Bank Group. It is represented by 34 national and sub-national governments, 172 private sector organizations 100 strategic partners NGOs, business organizations and universities.
The CPLC is a voluntary initiative aimed at accelerating climate change by securing the place of carbon pricing on the global agenda.
The international group consisting of climate change leaders appreciated Singhi for demonstrating leadership and a high level of commitment towards carbon pricing on behalf of Dalmia Cement.
The coalition has further acknowledged the engagement of Singhi with CPLC board members and expressed the desire to get more strategic input from him in the future. Singhi will now work with global business leaders like Feike Sijbesma, honorary chair of board of Royal DSM to devise carbon pricing strategies for the Asia-Pacific region.
According to the company, Dalmia Cement (Bharat) Ltd. has always been committed to the betterment of the environment and consistently focused on sustainable practices. The group is recognized as one of the five Climate Defenders by BBC World, is more than five times water positive and rated globally No.1 in the cement sector by CDP on business readiness for a low carbon economy transition.
The company also says it is one of the lowest carbon footprints in cement sector and one of the most profitable cement company in India. The group has also pledged its support to His Royal Highness, Prince Charles, for the newly launched green initiative Terra Carta – a sustainable roadmap to 2030 created to make businesses move towards a purposeful and sustainable future.
Also, as a member of the Global Cement and Concrete Association (GCCA) and World Cement Association (WCA), DCBL is taking steps toward ensuring that the industry reduces GHG emissions with various initiatives such as TERI-Near Net Zero Charter, UN Leadership Group for heavy-industry net-zero transition and as COP 26 business leaders.