Greenwashing

Hindustan Zinc awarded at the 5th TIOL Taxation Awards 2024 for Outstanding Tax Transparency

Hindustan Zinc, India s largest and the world s second-largest integrated zinc producer, has been honored with a Bronze award in the Corporate Above Rs 5000 Cr Turnover category at the 5th TIOL Taxation Awards 2024. The award, presented by notable Indian officials and former RBI Governors, recognizes the company s exemplary tax transparency and corporate governance practices. Hindustan Zinc s commitment to nation-building and its consistent support for the government s vision of Atmanirbhar Bharat are highlighted. The company s voluntary tax disclosures showcase its significant contribution to India s economic development, infrastructure growth, and socio-economic well-being. The company s tax transparency is a key aspect of its broader ESG agenda, building stakeholder trust and upholding high standards of corporate governance. The award received by Hindustan Zinc is a testament to its dedication to transparent tax disclosures and excellence in reporting. In FY 2023-24, Hindustan Zinc contributed INR 13,195 crore to the exchequer, accounting for nearly 46% of its total revenues. Over the past five years, its cumulative contribution has reached INR 77,803 crore, playing a crucial role in the country s economic and societal development. Hindustan Zinc Limited, a Vedanta Group company, holds a market share of about 75% of the primary zinc market in India and supplies to more than 40 countries. The company has been recognized as the world s most sustainable company in the metals and mining category by the S&P Global Corporate Sustainability Assessment 2023. It has also launched EcoZen, Asia s first low carbon green zinc brand, and is committed to achieving Net Zero emissions by 2050 or sooner. The award received by Hindustan Zinc reflects its commitment to tax transparency, corporate governance, and sustain

Source: udaipurkiran.com
Published on 2024-10-03

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