ABB Power Products shines on announcing its 2030 carbon-neutral programme

Hitachi ABB Power Grids in India, which is listed on the Indian stock exchanges as ‘ABB Power Products & Systems India Limited’ has announced a comprehensive programmme to achieve carbon-neutrality targets by 2030 in its own operations thereby, reaffirming its commitment to a sustainable energy future. 

The company is adopting a three-dimensional approach to decarbonisation. The programme is designed to reduce the carbon footprint of its operations as well as in the products that it delivers. 

The company expects to achieve its carbon-neutral target of 100 per cent fossil-free electricity by the close of FY22. It is also electrifying its operations to deliver further efficiencies over the coming years. In addition to this, the targets of 2030 include a 50 per cent reduction in CO2 emissions along the value chain and the introduction of greenhouse gas-free technology solutions. 

Two more targets relate to a 50 per cent reduction in waste generation and cutting freshwater usage by 25 per cent, progressively through the next ten years. By adopting a more systemic approach to business development, it expects to reduce carbon emissions for the benefit of the environment & society. 

The goal of the programme is aligned with India’s Mission Innovation and the United Nations’ Sustainable Development Goal 7, which is to increase access to affordable and clean energy. 

With this, at 11.28 am on Wednesday, the stock of ABB Power Products was trading 2.27 per cent higher at Rs 1,848.70 from its previous close of Rs 1,807.70 on BSE.