Kutch Copper Ltd, a subsidiary company of Adani Enterprises Ltd, has become the first Indian copper producer to be awarded the prestigious Veramark Assurance (previously the Copper Mark). The globally recognised certification recognises responsible copper production and compliance to international environmental guidelines, social and governance locally known as ESG.
The certification, announced on Wednesday, is a result of KCL completing an independent assessment of its sustainability practices using the Veramark Assurance Responsible Production Framework and the Joint Due Diligence Standard. The Company’s recognition was in line with the global copper producers other companies on the list and applies to its manufacturing activities under internationally accepted guidelines for responsible and sustainable production.
Kutch Copper’s current business conducts one of the world’s largest copper smelters located at a single site with a mission statement to position itself as a key supplier to the energy transition industries.
Dr. Vinay Prakash, the CEO of Adani Natural Resources and Managing Director of Kutch Copper Limited, commented on the achievement, stating that it demonstrates the company’s dedication to responsible and sustainable manufacturing practices.
He added the recognition signifies that Kutch Copper is one of the top international copper producers that is other than the reference starts and recognized globally. He also pointed to the rising demand for copper for electrification, renewable energy, modern mobility and infrastructure development.
The company’s vision is to provide quality copper which will also fulfil India’s ever-increasing demand and strict environmental and social responsibilities, Prakash said.
Dr. Vinay Prakash, the CEO, Adani Natural Resources, and Managing Director, Kutch Copper Limited, commented on the achievement, stating that this certification is indicative of the company’s dedication to responsible and sustainable production methods.
He added that the ‘recognition’ put Kutch Copper in the league of the top international producers who follow internationally accepted standards. He also pointed out the significance of copper in regard to electrification, renewable energy, modern mobility and infrastructure.
Prakash said the company would supply quality copper to cater to the growing demand in India with high environmental and social responsibility.
Veramark Assurance is an internationally accepted sustainability system applied throughout the mining and metals sector. Big international companies such as BHP, Rio Tinto, Freeport-McMoRan and Antofagasta have embraced it.
It is awarded following rigorous and independent assessment. There is also a need for periodic reassessments of companies to prove ongoing compliance with the changing sustainability standards.