New Delhi, June 28, 2024: GAIL (India) Limited’s Board of Directors has approved an accelerated roadmap to achieve Net Zero emissions for Scope-1 and Scope-2 by 2035, five years ahead of its initial target.
This move aligns with India’s commitment to reduce carbon footprint and underscores GAIL’s leadership in the energy sector’s transition to sustainability.
GAIL’s strategic plan includes electrification, renewable energy integration, battery storage, compressed biogas, green hydrogen, and afforestation. As a Maharatna company and India’s natural gas leader, GAIL’s proactive approach to sustainability is expected to drive long-term growth and profitability while contributing to a cleaner environment.
Financial Conclusion:
GAIL’s accelerated Net Zero target is likely to enhance its ESG credentials, attracting environmentally conscious investors and potentially boosting its market value. The company’s sustained focus on sustainability is expected to yield long-term financial benefits, solidifying its position as a leader in India’s energy landscape.