The challenge of rapid urbanization
India is urbanizing more rapidly than any other country. With more cities with populations of over one million than the whole of Europe combined, India is set to become the world's most populous country by 2030. According to IEA scenarios, this growth will be coupled with a large increase in energy demand, in a country where the economy is currently predominantly reliant on fossil fuels. The time is now to commit to building the necessary housing and infrastructure to accommodate this seismic population growth sustainably.
One year ago, Holcim Group became the first global building materials company to sign the “Business Ambition for 1.5°C” pledge with intermediate targets approved by the SBTi. Today, ACC - a leading player in the Indian building materials space - has become the first company in the Indian construction sector to sign the “Business Ambition for 1.5°C” commitment with 2030 intermediate targets approved by SBTI as aligned with a net zero pathway.