Ahmedabad:
Kutch Copper Limited (KCL), a unit of Adani Enterprises Limited, has achieved the prestigious Veramark Assurance (formerly Copper Mark) certification. With this, Kutch Copper Limited has become the first company in India to receive this recognition. Kutch Copper operates one of the world’s largest single-site copper smelting plants.
Who gets ‘Copper Mark’
Veramark Assurance, formerly known as Copper Mark, is a leading independent valuation system for companies involved in the production and supply of copper, nickel and zinc. This certificate is given to those factories which are found to meet the stringent standards related to environment, social responsibility and corporate governance (ESG) after being tested by independent experts.
Dr. Vinay Prakash, CEO of Adani Natural Resources and Managing Director of Kutch Copper, said, “Achieving the Copper Mark is a first for any Indian producer. This reflects our commitment to produce sustainably and responsibly. With this achievement, Kutch Copper has become one of the select leading companies in the world which adhere to international standards.
Prakash said that the role of copper is continuously increasing in the increasing use of electricity, renewable energy, modern transportation and infrastructure development in the world. In such a situation, Kutch Copper is committed to providing good quality copper as per the needs of India while adhering to the highest global standards of environmental and social responsibilities.
Kutch Copper has successfully completed independent assessment under the Copper Mark’s Responsible Production Standards and Joint Due Diligence Standard. With this, it has become the first copper producing company in India to get the recognition of Copper Mark. This certificate helps companies to prove that their production is as per international standards. This also helps in furthering the Sustainable Development Goals of the United Nations. These especially include Goal-12, which emphasizes on responsible production and consumption.
Rapidly increasing demand for copper in the world
Many of the world’s largest mining and metals companies are associated with the Veramark Assurance or Copper Mark system. These include companies like BHP, Rio Tinto, Freeport-McMoRan, Antofagasta and Aurubis. This system promotes transparency and accountability. Under this, the functioning of companies is re-evaluated from time to time, to ensure that they are continuously following the changing global standards related to responsible production.
The demand for copper is increasing in the world due to the rapid expansion of renewable energy, electric vehicles, power distribution, digital infrastructure and modern industries. Customers, investors and supply companies are now giving preference to producers who adhere to strict standards of responsible raw material procurement and sustainable production.
Source: ndtv.in
