Latest news with #SBTi-validated
Business Upturn
31-07-2025
- Business
- Business Upturn
Ambuja Cements Q1FY26 results: Revenue jumps 23% YoY to Rs 10,289 crore, Profit up 24% to Rs 970 crore on strong demand and margin expansion
Ambuja Cements Limited, part of the diversified Adani Group and the ninth-largest building materials company globally, has reported a robust set of numbers for the first quarter of FY26, continuing its strong momentum from the previous year. The company reported a consolidated revenue from operations of ₹10,289 crore, up 23% year-on-year (YoY) from ₹8,392 crore in Q1FY25. Profit after tax (PAT) rose 24% YoY to ₹970 crore, compared to ₹783 crore in the same quarter last year. This growth came on the back of a 20% jump in cement sales volumes, margin improvement, and greater operational efficiency. Operating EBITDA grew by 53% YoY to ₹1,961 crore, while EBITDA margin expanded to 19.1% from 15.3% in Q1FY25. EBITDA per metric tonne (PMT) stood at ₹1,069, up from ₹835 PMT last year. On a standalone basis, the company posted revenue of ₹5,515 crore (up 21% YoY), EBITDA of ₹872 crore (up 35% YoY), and PAT of ₹855 crore (up 51% YoY). Diluted EPS improved to ₹3.20 on a consolidated basis and ₹3.47 on a standalone basis. Key financials (Consolidated): Cement sales volume: 18.4 MnT vs 15.3 MnT YoY (↑20%) Revenue from operations: ₹10,289 Cr vs ₹8,392 Cr YoY (↑23%) EBITDA: ₹1,961 Cr vs ₹1,280 Cr YoY (↑53%) EBITDA margin: 19.1% vs 15.3% YoY (↑380 bps) Profit Before Tax: ₹1,333 Cr vs ₹1,094 Cr YoY (↑22%) PAT: ₹970 Cr vs ₹783 Cr YoY (↑24%) EPS (Diluted): ₹3.20 vs ₹2.62 YoY (↑22%) CEO commentary and outlook: Mr. Vinod Bahety, Whole Time Director & CEO, stated: 'Our Q1 results are more than just numbers — they reflect a transformation rooted in speed, scale and sustainability. Through value optimisation, premium product focus, and integration of acquired assets, Ambuja is reshaping the cement sector. With a clear path toward a 140 MTPA ecosystem by FY28, we are well-positioned for the next growth phase with a sustainable EBITDA of ₹1,500 PMT.' Strategic achievements: Highest ever quarterly sales: 18.4 MnT Market share gain: Up ~2 percentage points to 15.5% Premium product share: 33% of trade sales, up 43% YoY Renewable energy: Green power usage rose to 28.1% (up 9.7 pp YoY) Commissioned 57 MW wind power in Q1, renewable energy capacity now at 473 MW Net worth: ₹66,436 Cr; the company remains debt-free and holds AAA (Stable) rating EPS growth: 22% YoY on consolidated basis ESG and innovation milestones: Ambuja continues to lead with initiatives such as DIGIPIN for freight optimisation, AI-based business optimiser tools, and digitisation of partner engagement channels. Its digital BRSR (Business Responsibility and Sustainability Reporting) for FY25 has been launched, showcasing transparency and innovation in ESG disclosure. Ambuja is among the four global large-scale cement firms with SBTi-validated science-based net-zero targets. It remains committed to 12x water positivity, 11x plastic negativity, and 100% net-zero emissions by 2050. Major recognitions: Ranked as India's Most Trusted Cement Brand 2025 by TRA for the fourth consecutive year #GiantsTogether campaign won Bronze at Good Ads Matter Awards 2025 GEEF Global Emerging Environmental Excellence Company of the Year 2025 Merger update: The NCLT-Ahmedabad has approved the merger of Adani Cementation Ltd with Ambuja Cements on July 18, 2025. This provides access to 275 MnT of high-grade limestone reserves and enhances logistics with jetty infrastructure in Gujarat. Ahmedabad Plane Crash News desk at
Fibre2Fashion
11-07-2025
- Business
- Fibre2Fashion
Belgium's Ontex Launches BioSAP in diapers to lower carbon footprint
Ontex Group NV [EURONEXT: ONTEX], a leading international developer and producer of personal care solutions, is advancing its sustainability journey with the introduction of bio-based superabsorbent polymers (bioSAP) in its diapers, with an initial rollout in selected products. This new material replace virgin fossil-based plastic SAP in the core absorbent component, helping lower the carbon footprint of the product while maintaining performance. This step aligns with Ontex's commitment to embedding good, scalable sustainability practices into every product. SAP (superabsorbent polymer) is essential to diaper performance yet is traditionally made from fossil-based plastic. It is also one of the most carbon-intensive components in hygiene products. The bioSAP now being introduced has a 15% to 25% lower carbon footprint than conventional SAP, with a promising outlook as the technology continues to evolve. By embracing innovations like bioSAP, Ontex is advancing its long-term goal of reducing environmental impact through sustainable solutions. Ontex Group has introduced bio-based superabsorbent polymers (bioSAP) in selected diaper products, reducing carbon footprint by 15â€'25 per cent compared to fossil-based SAP. This aligns with its goal to cut Scope 3 emissions by 25 per cent by 2030. The move supports circularity and reinforces Ontex's commitment to scalable, sustainable innovation. 'Every step forward must strike the right balance between environmental ambition and practical solutions,' says Annick De Poorter, Chief Innovation & Sustainability Officer. 'That means moving fast where we can, keeping products affordable, and making choices that are smart in design and more sustainable by default.' Reducing impact through smarter material choices Ontex's Scope 3 greenhouse gas emissions are largely driven by raw materials, which account for approximately 80% of the total footprint across sourcing, production, and end-of-life waste treatment. Materials such as SAP and plastic synthetic nonwovens represent about half of these emissions. The shift to bioSAP is a strategic move towards achieving Ontex's SBTi-validated target to reduce Scope 3 emissions by 25% by 2030. While it is initially rolled out to selected products under the Moltex Pure and Nature brand, Ontex's baby diaper brand available in retailers and online across Europe, the development also lays the groundwork for broader application. This includes future products and offerings for retail partners. BioSAP: a step forward, with an eye on circularity The conventional SAP available in the market is currently not recyclable or industrially compostable. However, Ontex views biodegradable SAP as a key enabler for multiple circular solutions in the future. The company continues to monitor innovation in this area closely, while remaining realistic about current limitations. 'Consumers today want sustainable products that don't compromise on affordability, quality, or comfort,' says Laurent Nielly, President Europe division . 'By taking this step now, we're laying the groundwork for future breakthroughs. We invite our partners to collaborate with us in scaling up bioSAP and other sustainable innovations, so together we can meet market demands and drive sustainable growth, living up to our promise to be 'Here for you. Here for the better.'' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Associated Press
27-03-2025
- Business
- Associated Press
CTF Life's Carbon Reduction Targets Validated by SBTi Reinforcing the Company's Commitment to Climate Action
HONG KONG SAR - Media OutReach Newswire - 27 March 2025 - CTF Life announced today that its carbon reduction targets have been officially validated by the Science Based Targets initiative (SBTi). The result shows CTF Life's commitment to decarbonisation and provides a set of measurements by which the company's stakeholders can monitor its ongoing efforts. In October last year, CTF Life demonstrated leadership in advancing sustainability through science-based targets aligned with the Paris Agreement and became the first company from the Banks, Diverse Financials and Insurance sector that primarily operates in the Greater Bay Area to submit a carbon reduction commitment letter to the SBTi, a corporate climate action organisation that enables businesses worldwide to play their part in combating the climate crisis. CTF Life targets to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 37.8% by financial year (FY) 2029 (from the FY2023 base year). Additionally, within its Scope 3 emissions, CTF Life commits the following which covers 65% of its total investment and lending by assets: To reduce the GHG emissions per MWh from the electricity generation sector within its listed equity and corporate bond portfolio by 59% by FY2029 (from the FY2023 base year), and To have at least 44.8% of the invested value in its listed equity and corporate bond portfolio allocated to companies that set SBTi-validated targets by FY2029. Man Kit Ip, Executive Director and Chief Executive Officer of CTF Life, said: 'At CTF Life, we recognise that climate action is both a critical responsibility and a powerful opportunity to inspire and drive meaningful change. CTF Life has been collaborating closely with CTFS to align our overall Net Zero 2050 ambition; the validation of our targets underscores our unwavering commitment to reducing emissions across our operations and investment portfolio. This milestone reaffirms our dedication to building a sustainable future while creating value beyond insurance for our stakeholders.' CTF Life will implement the following strategy and actions to achieve its targets: Decarbonisation levers for Scope 1 and 2 operational emissions: Electric vehicles (EV) transition: Replace leased/owned fleet with EVs. Energy efficiency: Explore opportunities to improve energy efficiency in the office buildings. Purchase of renewable energy certificates: With priority focuses on exploring EV transition and energy efficiency, CTF Life may also explore the sourcing and purchase of renewable energy or renewable energy certificates (REC) from local energy suppliers, or International Renewable Energy Certificate (I-RECs) from Asia or other oversea markets to reduce the residual Scope 2 operational emissions, if no options are available within the same market. Levers for Scope 3 category 15 emissions: Active ownership and engagement strategy: Implement engagement strategy with a phased approach to facilitate real world reductions. Climate financing: Explore ESG-related products and climate financing opportunities. Strategy and governance: Establish robust governance structure to drive climate actions. Policy and advocacy: Explore opportunities for collaboration and partnership to scale impacts. CTF Life selected these actions because the above-mentioned decarbonisation levers are expected to have the most direct impacts on the company's climate transition journey. As of June 2024, the company had already reduced its investment portfolio carbon footprint by more than 15% compared to baseline figures from June 2023. Additionally, CTF Life has invested over HKD3.5 billion in ESG-labelled bonds and decarbonisation impact funds, primarily focused on Asia, to support the region's transition to a greener economy. Hashtag: #CTFLife The issuer is solely responsible for the content of this announcement. About CTF Life Chow Tai Fook Life Insurance Company Limited ('CTF Life') is proud of its rich, 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of CTF Services Limited ('CTFS') (Hong Kong Stock Code: 659) and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the diverse conglomerate of the Cheng family ('Chow Tai Fook Group' or 'the Group') to support customers and their loved ones in navigating life's journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group's robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in Asia while continuously creating value beyond insurance.
Zawya
27-03-2025
- Business
- Zawya
CTF Life's Carbon Reduction Targets Validated by SBTi Reinforcing the Company's Commitment to Climate Action
HONG KONG SAR - Media OutReach Newswire - 27 March 2025 - CTF Life announced today that its carbon reduction targets have been officially validated by the Science Based Targets initiative (SBTi). The result shows CTF Life's commitment to decarbonisation and provides a set of measurements by which the company's stakeholders can monitor its ongoing efforts. In October last year, CTF Life demonstrated leadership in advancing sustainability through science-based targets aligned with the Paris Agreement and became the first company from the Banks, Diverse Financials and Insurance sector that primarily operates in the Greater Bay Area to submit a carbon reduction commitment letter to the SBTi, a corporate climate action organisation that enables businesses worldwide to play their part in combating the climate crisis. CTF Life targets to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 37.8% by financial year (FY) 2029 (from the FY2023 base year). Additionally, within its Scope 3 emissions, CTF Life commits the following which covers 65% of its total investment and lending by assets: To reduce the GHG emissions per MWh from the electricity generation sector within its listed equity and corporate bond portfolio by 59% by FY2029 (from the FY2023 base year), and To have at least 44.8% of the invested value in its listed equity and corporate bond portfolio allocated to companies that set SBTi-validated targets by FY2029. Man Kit Ip, Executive Director and Chief Executive Officer of CTF Life, said: "At CTF Life, we recognise that climate action is both a critical responsibility and a powerful opportunity to inspire and drive meaningful change. CTF Life has been collaborating closely with CTFS to align our overall Net Zero 2050 ambition; the validation of our targets underscores our unwavering commitment to reducing emissions across our operations and investment portfolio. This milestone reaffirms our dedication to building a sustainable future while creating value beyond insurance for our stakeholders." CTF Life will implement the following strategy and actions to achieve its targets: Decarbonisation levers for Scope 1 and 2 operational emissions: Electric vehicles (EV) transition: Replace leased/owned fleet with EVs. Energy efficiency: Explore opportunities to improve energy efficiency in the office buildings. Purchase of renewable energy certificates: With priority focuses on exploring EV transition and energy efficiency, CTF Life may also explore the sourcing and purchase of renewable energy or renewable energy certificates (REC) from local energy suppliers, or International Renewable Energy Certificate (I-RECs) from Asia or other oversea markets to reduce the residual Scope 2 operational emissions, if no options are available within the same market. Levers for Scope 3 category 15 emissions: Active ownership and engagement strategy: Implement engagement strategy with a phased approach to facilitate real world reductions. Climate financing: Explore ESG-related products and climate financing opportunities. Strategy and governance: Establish robust governance structure to drive climate actions. Policy and advocacy: Explore opportunities for collaboration and partnership to scale impacts. CTF Life selected these actions because the above-mentioned decarbonisation levers are expected to have the most direct impacts on the company's climate transition journey. As of June 2024, the company had already reduced its investment portfolio carbon footprint by more than 15% compared to baseline figures from June 2023. Additionally, CTF Life has invested over HKD3.5 billion in ESG-labelled bonds and decarbonisation impact funds, primarily focused on Asia, to support the region's transition to a greener economy. Hashtag: #CTFLife The issuer is solely responsible for the content of this announcement. About CTF Life Chow Tai Fook Life Insurance Company Limited ("CTF Life") is proud of its rich, 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of CTF Services Limited ("CTFS") (Hong Kong Stock Code: 659) and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the diverse conglomerate of the Cheng family ("Chow Tai Fook Group" or "the Group") to support customers and their loved ones in navigating life's journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group's robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in Asia while continuously creating value beyond insurance. CTF Life
