APL Apollo Tubes achieves net zero target validation, strong ESG performance

APL Apollo Tubes Limited announced the submission of its Environmental, Social and Governance (ESG) Report for the financial year 2024-25. The company has committed to achieving Net Zero by 2050, with its near- and long-term targets validated by the Science Based Targets initiative (SBTi) on February 27, 2025. This commitment includes reducing Scope 1 and 2 emissions by 25% by 2030, compared to FY22 levels. The company's overall share of renewable energy currently stands at 52%, excluding newly operational plants.

The report highlights a 24.6% decrease in overall water consumption from the previous year, excluding new plants, and zero reported fatalities at its facilities. APL Apollo Tubes also reported zero cases of bribery and corruption, with 100% of employees trained in this area. Production for FY25 reached 3,157,978 tons, generating revenue of INR 206,895 Mn. The company’s DJSI FY24 score stands at the 89th percentile, reflecting strong performance across social, governance, and environmental dimensions.