Mahendra Singhi, managing director & CEO of Indian cement manufacturer Dalmia Cement, has been invited to represent the World Bank-promoted Carbon Pricing Leadership Coalition (CPLC) as its carbon pricing champion.
CPLC is a voluntary global coalition represented by 34 national and sub-national governments, 172 private sector organisations, 100 strategic partners non-governmental organisations (NGOs), business organisations and universities.
It aims to accelerate climate change by securing the place of carbon pricing on the global agenda. Singhi was commended by CPLC board members for demonstrating leadership and a high level of commitment towards carbon pricing on behalf of Dalmia Cement. The members expressed the desire to get more strategic input from him in the future.
Singhi will now work with global business leaders like Feike Sijbesma, honourary chair of the board of Royal DSM to devise carbon pricing strategies for the Asia-Pacific region.
The CPLC encourages and brings together leaders from the government, business, academia and civil society to address various issues related to climate change.
Under Singhi’s leadership Dalmia Cement has set out an ambitious plan of becoming carbon negative by 2040. The group is recognised as one of the 5 Climate Defenders by BBC World, is more than five times water positive, and rated globally no.1 in the cement sector by CDP on business readiness for a low carbon economy transition.
With one of the lowest carbon footprints in the cement sector, Dalmia Cement is also one of the most profitable cement companies in India. The group has also pledged its support to HRH Prince Charles, for the newly launched green initiative Terra Carta – a sustainable roadmap to 2030 created to make businesses move towards a purposeful and sustainable future.
As a member of the Global Cement and Concrete Association (GCCA) and the World Cement Association (WCA), the Dalmia Cement group is taking ambitious steps towards ensuring that the whole industry reduces greenhouse gas (GHG) emissions with various initiatives such as TERI-Near Net Zero Charter, UN Leadership Group for heavy-industry net-zero transition and as COP 26 business leaders.
