Dimexon’s near-term and net-zero science-based targets have been officially validated by the Science Based Targets initiative (SBTi), marking an important milestone in our climate journey.
SBTi validation provides independent confirmation that our targets are grounded in climate science and aligned with the goals of the Paris Agreement. It strengthens the credibility of our climate commitments and provides a clear, measurable framework through which our progress can be assessed.
Our validated targets
Dimexon has committed to achieving net-zero greenhouse gas emissions across its value chain by 2050.
In addition to this, our near-term targets, measured against a 2019 base year, are to:
- Reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 48.91% by 2030
- Reduce absolute Scope 3 greenhouse gas emissions by 46.2% by 2030
Our long-term targets, also measured against a 2019 base year, are to:
- Reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 95% by 2050
- Reduce absolute Scope 3 greenhouse gas emissions by 90% by 2050
Scope 1 covers emissions generated directly by our operations, while Scope 2 relates to the energy we purchase. Scope 3 encompasses indirect emissions across our wider value chain.
Ahead of our near-term targets
Dimexon has already achieved the emissions reductions required under its near-term targets, ahead of the 2030 deadline. This progress reflects sustained action across our operations, including the transition of our Coimbatore diamond manufacturing facility to 75% solar energy in 2024.
While reaching this threshold early is a significant achievement, our work continues. Maintaining these reductions, driving further progress and addressing emissions throughout our value chain will remain essential as we move towards our long-term net-zero ambition.
“This validation is an important achievement as it demonstrates that our decarbonisation targets are science-based and aligned with the latest climate science and the goals of the Paris Agreement,” says Dimexon ESG Business Partner Mohd Hasan Khan. “It also enhances the credibility of our climate commitments with customers, investors, and other stakeholders, while reinforcing our leadership in sustainability.”
For Dimexon, this milestone is both recognition of the progress already made and a foundation for the work still ahead.
