Page 17 - Bollion World Volume 4 Issue 8 August 2024

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Bullion World | Volume 4 | Issue 8 | August 2024
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"MMTC-PAMP: Leading the
Way in ESG Commitment and

Decarbonization"

Mr Karthik Krishnan, Head of Precious Metals Recovery and Strategy, MMTC PAMP

MMTC-PAMP embodies the spirit and principles of
ESG in its operations. We are committed to work
in an environmentally responsible manner. We are
the pioneer among precious metal companies in
India to have validated our decarbonization targets
by Science Based Targets Initiative (SBTi). SBTi,
a globally recognized force in climate action is
a collaborative effort between CDP, the United
Nations Global Compact, the We Mean Business
Coalition, the World Resources Institute (WRI),
and the World Wide Fund for Nature (WWF). It is
mobilizing the industries across the globe to act
towards climate change through various initiatives.

Mr Karthik Krishnan

As our commitment to reducing impact of our operations
on climate, we have committed to reducing our scope 1
and 2 carbon footprints by 47% and scope 3 emissions
by 27.5% in FY 29-30 from base year of FY 18-19 as per
SBTi guidelines.

local communities, particularly women, providing vital
As a beginning of our decarbonization journey, we have
healthcare and nutritional assistance to women in and
installed Solar panels to increase the contribution of
renewable energy in our total electricity consumption around Nuh, Haryana. MMTC-PAMP also installed Solar
panels in 11 different locations in Nuh district thereby
to 30%. This enables us to generate 705Kwhp power
thereby helping us reduce approx. 800t CO2 emissions giving access to green electricity to over 6500 students.
Lastly our Swajal initiatives of maintaining 25 RO systems
per year.
across offices, schools and hospitals underscores our
commitment to provide clean drinking water, further
Our social initiatives showcase profound commitment
to environment and community welfare. Through our enhancing community health and well-being.
empowering education programme, the company has
significantly enhanced educational infrastructure in girl’s
school, instituted scholarship schemes and improved
facilities at Anganwadi centres. Further, the nutritional
and healthcare support projects target the well-being of

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