Bekaert is delighted to have been selected as a member of the new BEL ESG index and see our sustainability performance and progress recognized.
The BEL ESG index comprises the leading sustainable, Belgian listed companies and tracks those demonstrating the best environmental, social and governance practices. The index also highlights the market’s growing demand for sustainable investments. The company celebrated the inclusion of Bekaert in the BEL ESG index during a bell ceremony at Euronext Brussels.
In related news, Bekaert also reported signing a third Power Purchase Agreement in India, leading to a total CO2 reduction of more than 60% at Bekaert’s operations in India.
In line with the company’s sustainability ambition to reach Carbon Net Zero, Bekaert takes action to continuously decrease its direct and indirect greenhouse gas emissions by improving the energy efficiency and by increasing the proportion of energy supply from renewable sources. Through the investment in new renewable energy projects, Bekaert enables the addition of green energy capacity and increases the proportion of its renewable energy supply. Bekaert has now signed a Power Purchase Agreement (PPA) to source electricity from a 10 MWp solar farm in India. The solar farm is projected to be operational by year-end 2023.
This is Bekaert’s third PPA in India, adding to earlier projects of 22.5 and 14 MWp each. These three renewable energy facilities will offset more than 60% of carbon emissions from electricity used by Bekaert’s operations in India, representing a major step towards Bekaert’s Carbon Net Zero ambition.