Apollo Tyres’ Chennai plant receives Global Energy Management award

Gurgaon, India – Apollo Tyres’ Chennai Plant has been conferred with 2024 Energy Management Insight Award from the Clean Energy Ministerial (CEM), a high-level global forum headquartered in Paris, France.

Apollo Tyres’ Chennai facility was awarded for incorporating key aspects of energy management system, along with the measurable benefits of:
4% improvement in energy efficiency year on year; Savings of US$ 9,49,828 in annual energy cost; 5,969 tons of carbon emissions avoided

CEM promotes policies and programs that advance Clean Energy Technology, to share lessons learnt, best practices and to encourage the transition to a global clean energy economy. Team Apollo Tyres shared insights on the process and benefits of setting up an energy management system by enabling system adherence through implementing global ISO 50001 standard. This award is part of the CEM Energy Management Leadership Awards program.

With an aspiration to be net zero by 2050, Apollo Tyres is working towards creating climate-resilient operations. Dedicated teams and investments are being made in energy-saving initiatives and towards renewable energy to be prepared for the future and to contribute towards a decarbonized tomorrow.

The Company has undertaken the following commitments towards sustainability:
Achieving net zero target by 2050, which would entail
Improving Scope-1 and Scope-2 emission intensity by 25% by 2026 against baseline year of 2020
Increase in renewable power in total power share to 25% by 2026
Improve water withdrawal intensity by 25% by 2026 against baseline year of 2019
Commitment to improve its D&I (Diversity and Inclusion) to 12% globally by 2026
Increase usage of sustainable raw material to 40% by 2030