Mumbai, Dec 19 (PTI) Gold and silver refinery MMTC-PAMP on Tuesday said it has become the country's first precious metals company to receive approval for its science-based carbon emissions reduction targets by the Science Based Targets initiative (SBTi).

SBTi is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science.

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MMTC-PAMP India, a joint venture between Switzerland-based bullion refinery, MKS PAMP SA and MMTC, is committed to reduce absolute scope 1 and 2 greenhouse gases (GHGs) emissions 47 per cent by FY29-FY30 from a FY18-FY19 base year, the refinery said in a statement.

"...we have set forth a robust commitment to drive meaningful change in our carbon footprint," MMTC-PAMP India Managing Director and CEO Vikas Singh said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)