MRF Limited
Climate Impact & Sustainability Data (2023-04 to 2024-03)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:1212941 tCO2e/year
Scope 1 Emissions:590847 tCO2e/year
Scope 2 Emissions:612094 tCO2e/year
Renewable Energy Share:12%
Total Energy Consumption:8764539 GJ/year
Water Consumption:3058498 KL/year
Waste Generated:45827 tons/year
Carbon Intensity:48.75 Metric tonnes of CO2 equivalent/ Cr. Rs in FY24, 51.85 in FY23
ESG Focus Areas
- Carbon Emissions
- Water Management
- Energy Management
- Renewable Energy
- Toxic Emission and Waste
- Occupational Health and Safety
- Human Rights
- Supplier Sustainability
- Community Engagement
Environmental Achievements
- Achieved 12% renewable energy mix in electricity consumption
- Multiple energy optimization projects to reduce Scope 1 emission intensities
- Medak Plant won CII Award for “Excellence in Best Roof Water Management”, Tiruvottiyur Plant won CII Award for “Innovative Water Management Initiatives”, Pondicherry Plant won CII Award for “Excellence in Water Management”, Goa Plant won 3rd place (“Gomant Suraksha Puraskar”) GTS awards 2023
Social Achievements
- Various well-being measures for employees and workers (health insurance, accident insurance, maternity benefits etc.)
- 100% of employees trained on cyber security
Governance Achievements
- Robust management framework aligning with NGRBC Principles
- Risk Management committee responsible for sustainability related issues
- Regular reviews of company policies conducted by internal audit team
Climate Goals & Targets
Long-term Goals:
- Carbon neutral by FY 2050 for Scope 1 and 2
Medium-term Goals:
- 25% reduction of Scope 1 and 2 emission intensity by FY 2028
Environmental Challenges
- Carbon emissions
- Water management
- Hazardous waste generation and toxic emissions
Mitigation Strategies
- Long-term target of achieving carbon neutrality by FY 2050 for Scope 1 and 2, medium-term target of 25% reduction of Scope 1 and 2 emission intensity by FY 2028
- Water stress assessment and performance assessment as per International Water Stewardship Standard (AWS)
- Hazardous waste disposed through authorized agencies, adequate engineering controls to control toxic emissions
Supply Chain Management
Responsible Procurement
- Supplier Sustainability Policy and Green Procurement Policy
Climate-Related Risks & Opportunities
Opportunities
- Opportunities in Renewable Energy
Reporting Standards
Frameworks Used: BRSR
Certifications: ISO 9001:2015, IATF 16949:2016, AS9100D:2016 (Arakkonam and Medak plants), BIS, ISO 45001:2018 (9 of 10 plants), ISO 14001:2015 (9 of 10 plants)
Third-party Assurance: SGS India Private Limited
Awards & Recognition
- CII Award for “Excellence in Best Roof Water Management” (Medak Plant)
- CII Award for “Innovative Water Management Initiatives” (Tiruvottiyur Plant)
- CII Award for “Excellence in Water Management” (Pondicherry Plant)
- 3rd place (“Gomant Suraksha Puraskar”) GTS awards 2023 (Goa Plant)