Press release Date : 11. November 2016 Dalmia Cement Becomes First Cement Company to commit to 100% Renewable Power Dalmia Cement joins RE100 campaign led by The Climate Group NEW DELHI: Dalmia Cement (Bharat) Ltd is the first cement company to join RE100 – a global collaborative initiative of the world’s most influential companies committed to 100% renewable power, led by The Climate Group in partnership with CDP. The flagship company of Indian conglomerate Dalmia Bharat Group, Dalmia Cement is the third Indian business to join the RE100 initiative in after Infosys and Tata Motors. Already known for its leadership on energy efficiency, the company’s new long term commitment to transitioning to 100% renewable electricity comes on Energy Day at COP22 in Marrakech, where world governments and non-state actors are gathered to increase ambition and action on climate change. It is a week to the day that the landmark Paris Agreement entered into force and more businesses than ever before are taking bold climate actions, to help ensure global warming stays well below two degrees. After adding 8 MW solar PV capacity for its captive use, Dalmia Cement has set an ambitious interim target to increase fourfold its percentage of renewable energy consumption by 2030 compared to 2015. Mahendra Singhi, Group CEO, Dalmia Cement (Bharat) Limited said, “Being one of the greenest cement companies in the world, we are committed to decarbonizing our operations in a way that makes business sense. Our presence as the first cement company in RE100 and EP100 illustrates our commitment on this issue. We are scaling up our ambition to double our energy productivity and make a long term transition to 100% renewable power, achieving a fourfold increase in the percentage of renewable energy in our electricity consumption by 2030.” At present, about 7% of the electricity sourced by Dalmia Cement is based on renewable energy. This includes the share of renewable energy in the national grid, as well as electricity generated on site. At Dalmia Bharat Group level around 40% installed generation capacity is based on renewables. Krishnan Pallassana, Executive Director, India at The Climate Group said, “This is an inspiring and bold action from one of the outstanding leaders from the sector, which will help India to deliver its climate commitments. INDC corporates can help to deliver a secure and affordable electricity supply in India, by showing investors and policy makers that they back renewable power. We hope many more companies come forward to help transition to a prosperous net-zero future, creating a win-win situation for all.” At Climate Week NYC in September this year Dalmia Cement also joined EP100, led by The Climate Group in partnership with the Global Alliance for Energy Productivity. , The company publicly committed to double its energy productivity by 2030 from a baseline year of 2010-11. In November 2015 RE100 published a briefing, setting out the various opportunities for businesses to help drive the development of a reliable and affordable supply of renewable energy in India, and highlighting business benefits such as greater energy security and protection against cost inflation. Through its Technical Advisory Group and Knowledge Sharing Platform, RE100 will help Dalmia Cement to identify the best available options for sourcing 100% renewable electricity. ENDS Interviews are available with Mahendra Singhi, Group CEO, Dalmia Cement (Bharat) Limited and Krishnan Pallassana, India Director at The Climate Group To arrange an interview with The Climate Group or Dalmia Cement, or to find out more, please contact: Anisha Laming India Communications Manager, The Climate Group [email protected] l +91 (0) 9953 777 562 Pooja Bharadwaj Asst. General Manager, Corporate Communications Dalmia Bharat Group [email protected] | +91 (0) 9560 166 999 ABOUT THE CLIMATE GROUP The Climate Group is an award-winning, international non-profit. We specialize in bold, catalytic and high-profile climate and energy initiatives with the world’s leading businesses and state and regional governments. Our work is at the forefront of ambitious climate action. Our vision is a world of prosperous ‘net-zero’ emission economies and thriving, sustainable societies. Our mission is to catalyze climate leadership in government and business to accelerate the shift to a prosperous and thriving ‘net-zero’ future for all. We do this by communicating to inform, convening to connect, and collaborating to scale and succeed. Founded in 2004, our offices are located in Beijing, Hong Kong, New Delhi, New York and London. TheClimateGroup.org | @climategroup ABOUT RE100 RE100 is a global, collaborative initiative of influential businesses committed to 100% renewable electricity, working to massively increase demand for – and delivery of – renewable energy. This will accelerate the transformation of the global energy market and aid the transition towards a low carbon economy. RE100 shares the compelling business case for renewables and showcases business action, while working with others to address barriers and develop transparent reporting mechanisms. RE100 is brought to you by The Climate Group in partnership with CDP, as part of the We Mean Business coalition. Members of RE100 set their own strategy for achieving their 100% goals, but are strongly encouraged by RE100 to work to the shortest possible timeline. The 83 members of RE100 include: Adobe, Alstria, Amalgamated Bank, Apple, AstraZeneca, Autodesk, Aviva, Bank of America, Biogen, Bloomberg, BMW Group, BROAD Group, British Land, BT Group, CaixaBank, Coca-Cola Enterprises, Colruyt Group, Commerzbank, Crédit Agricole, Dalmia Cement, Dentsu Aegis Network, Diageo, DNB, Elion Resources Group, Elopak, Equinix, Facebook, Formula E, General Motors, Givaudan, Goldman Sachs, Google, H&M, Helvetia, Hewlett Packard Enterprise (HPE), HP Inc., IFF, IKEA Group, Infosys, ING, Interface, J. Safra Sarasin, Johnson & Johnson, Kingspan, KPN, La Poste, Land Securities, Marks & Spencer, Mars, Nestlé, Nike, Nordea, Novo Nordisk, Pearson, Philips, Procter & Gamble, Proximus, Rackspace, RELX Group, Royal DSM, Salesforce, SAP, SAVE S.p.A, SGS, Sky, Starbucks, Steelcase, Swiss Post, Swiss Re, Tata Motors Limited, TD Bank Group, Tetra Pak, UBS, Unilever, Vaisala, VF Corporation, VMware, Voya Financial, Walmart, Wells Fargo, Workday and Yoox Group. RE100.org | @theRE100 | #RE100 About Dalmia Cement (Bharat) Ltd. Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited (BSE Code: 533309|NSE Symbol: DALMIABHA and listed in MSE), part of the Dalmia Bharat Group, is a pioneer in cement manufacturing and applications since 1939. With an expanding India footprint. With a growing capacity, currently pegged at 25 MTPA, Dalmia Cement is also the fourth largest manufacturing capacity in the country. Spread across eight states and 11 manufacturing units, the company is a category leader in super-specialty cements used for oil well, railway sleepers and air strips and is the country’s largest producer of slag cement. Dalmia Cement has also partnered recently with International Finance Corporation to promote sustainable business. Visit us at http://www.dalmiacement.com
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