The key deliverables and Summary of SBTI criteria are as follows:

 Level of ambition (Scope 1 and 2): At a minimum – consistent with the level of decarbonisation required to keep temperature increase to well-below 2°C while we encourage efforts towards 1.5°C.

 Boundary: All company-wide Scope 1 and 2 GHG emissions (≥ 95%);

 Timeframe: 5-15 years into the future;

 Scope 3: A Scope 3 screening is required. An ambitious Scope 3 target is required when Scope 3 emissions cover > 40% of total emissions.

 Reporting: Disclose GHG emissions inventory on an annual basis. Advocate for net-zero emissions

Commenting on the same, Mr. Dinesh Nandwana, MD & Group CEO said, “Vakrangee has committed to set science-based emissions reduction targets — scopes 1 and 2 that are consistent with keeping global warming to 1.5°C above pre-industrial levels. Vakrangee has also committed to a long-term target to reach net-zero emissions by 2035.
We have mapped our Business strategy with the sustainability initiatives along with the United Nation's Sustainable Development Goals. We believe that businesses can have a positive impact on the societies they serve. We commit to policy advocacy consistent with a 1.5°C future and also urge for supportive government policy and goals that will deliver a net-zero emissions economy”