Godrej Industries Limited
Climate Impact & Sustainability Data (2020-04 to 2021-03, 2022-23)
Reporting Period: 2020-04 to 2021-03
Environmental Metrics
Total Carbon Emissions:73261 tCO2e/year (scope 1+2) + 805 tCO2e/year (Wadala)
Renewable Energy Share:49%
Total Energy Consumption:14,38,340 GJ/year (Valia & Ambernath) + 5,048 GJ/year (Wadala)
Water Consumption:6,60,323 kL/year
Waste Generated:7929 tons/year
ESG Focus Areas
- Environmental
- Social
- Governance
- Economic
Environmental Achievements
- Reduced specific energy consumption by 26% from FY11 baseline.
- Reduced specific GHG emissions by 46% from FY11 baseline.
- Reduced specific waste to landfill by 86% from FY11 baseline.
- Reduced specific water consumption by 41% from FY11 baseline.
- 49% of energy consumed came from renewable sources.
Social Achievements
- Received the “Organization with Best Employee Relations Practices” award.
- Received the “Most Innovative COVID-19 Response” award.
- Implemented various initiatives to ensure health and safety of employees.
- Launched Chemstars, a monthly recognition program.
Governance Achievements
- Established a responsible business based on ethics, honesty, and integrity.
- Implemented a risk management policy.
- Developed a Sustainable Procurement Policy and Sustainable Palm Oil Policy.
Climate Goals & Targets
Long-term Goals:
- Become carbon neutral
- Become water positive
Medium-term Goals:
- Increase renewable energy portfolio to 30%
- Reduce specific energy consumption by 50% by 2030 from 2012 baseline.
Short-term Goals:
- Achieve zero waste to landfill.
Environmental Challenges
- Supply chain disruptions due to COVID-19 and commodity price volatility.
- Water dependency on surface water and potential water quality issues.
- Health & safety risks in manufacturing operations.
- Personnel shortages due to industrial disputes and attrition.
- Uncertainty about post-pandemic world and global legislation concerning decarbonization.
Mitigation Strategies
- Robust framework and governance mechanism to manage commodity price risks.
- Fixed price contracts with suppliers and back-to-back sale contracts with customers.
- Various initiatives to ensure health and safety of employees.
- Holistic framework of talent development & management and diversity initiatives.
- Transitioning to lower emissions technology, increasing renewable energy sources, and committing to Science Based Targets.
Supply Chain Management
Supplier Audits: 100% of critical suppliers audited
Responsible Procurement
- Sustainable Procurement Policy
- Sustainable Palm Oil Policy
Climate-Related Risks & Opportunities
Physical Risks
- Less rainfall impacting water supply
Transition Risks
- Regulatory changes related to energy efficiency and emissions.
Opportunities
- Development of energy-efficient products and renewable energy sources.
Reporting Standards
Frameworks Used: GRI Standards – ‘In Accordance’ – Core option
Certifications: ISO 14001: 2015, ISO 9001: 2015, ISO 45001: 2018, ISO 50001:2018 (Valia)
Third-party Assurance: TUV India Pvt. Ltd.
UN Sustainable Development Goals
- 3
- 4
- 5
- 6
- 7
- 8
- 12
- 13
See SDG Mapping section of the report.
Sustainable Products & Innovation
- GINOPHOS CD (green alternative to petrochemicals based anti-dandruff actives)
- BioGod (bio-surfactant)
Awards & Recognition
- Most Environment Friendly Award (Ambernath)
- Energy Efficient Unit award (Ambernath)
- Awards for excellence in Pollution Management & Sustainable Practices (Valia)
- Green Co Star Performer Award (Valia)
- Platinum Award at ICQCC 2020 (Valia)
- Silver rating by Ecovadis (Ambernath)
- B rating in CDP’s 2020 climate change and water security disclosures
Reporting Period: 2022-23
Environmental Metrics
Total Carbon Emissions:61,325 tCO2e (Scope 1+2)
Scope 1 Emissions:32,335 tCO2e
Scope 2 Emissions:29720 tCO2e
Scope 3 Emissions:3,72,434 tCO2e
Renewable Energy Share:68%
Total Energy Consumption:2,22,2291 GJ
Water Consumption:7,98,665 KL
Waste Generated:14,433 tons
Carbon Intensity:0.28 tCO2 eq/ton (FY22-23)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced specific energy consumption by 17% in FY23 compared to the FY12 baseline.
- Reduced overall carbon footprint by 66% since 2011.
- Reduced overall specific water consumption by 46% since 2011.
- More than 68% of energy consumed from renewable sources in FY22-23.
Social Achievements
- Various safety trainings conducted for employees and workers.
- Health & Wellness sessions for employees.
- POSH, Human Rights, Grievance Handling, Cybersecurity Awareness training conducted.
- Inclusive growth & equitable development of employees through career conversations, 360 developmental feedback.
Governance Achievements
- Code of conduct applicable to all individuals working in the Company.
- Whistleblower policy in place.
- Periodic review of charters, policies internally by the Senior Management and Board Committees.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Reduce specific energy consumption by 50% by 2030 (compared to FY12 baseline)
Environmental Challenges
- Rising power demand resulting in higher dependence on costlier coal imports.
- Dependence on surface water for production, impacted by rainfall.
- Unknown expectations of upcoming regulations on specific energy and emissions.
- Achieving 100% transparency up to mills and refineries in palm supply chain.
Mitigation Strategies
- Transitioning to lower emissions technology by reducing specific energy consumption and increasing renewable energy sources.
- Reducing water consumption and installing water-efficient equipment.
- Working towards breakthrough technology invention for energy efficiency and carbon capture.
- Collaborating with suppliers and participating in Action of Sustainable Derivatives (ASD) and RSPO.
Supply Chain Management
Supplier Audits: 100% of critical suppliers audited annually
Responsible Procurement
- Sustainable Procurement Policy
- Sustainable Palm Oil Policy
Climate-Related Risks & Opportunities
Physical Risks
- Less rainfall impacting water supply
Transition Risks
- Upcoming regulations on specific energy and emissions
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI, UNGC, ILO
Certifications: ISO 9000, ISO 14000, ISO 45001, RSPO, IATF, ISO, GMP
Third-party Assurance: TUV India Pvt Ltd
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Bio Surfactant
Awards & Recognition
- Not disclosed