Climate Change Data

Globus Spirits Limited

Climate Impact & Sustainability Data (2020-21, 2022-23, 2023-24)

Reporting Period: 2020-21

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • ~138 million litres of production with zero discharge
  • Zero-wastewater discharge company

Social Achievements

  • Conducting Training and skill development programme
  • Providing basic facilities and amenities in schools
  • Providing Street Light facilities near the villages surrounding to our West Bengal unit

Governance Achievements

  • High standards of Corporate Governance
  • Strong management, deepened relations backed by captive high quality Extra Neutral Alcohol (ENA)

Climate Goals & Targets

Long-term Goals:
  • Also planning a greenfield expansion in the state of Jharkhand
  • Your Company is evaluating expansion in other states as well.
Medium-term Goals:
  • West Bengal with a capacity of 140- kilo litre per day capacity plant
  • Debottlenecking of the Rajasthan Plant from 140 kilo litre per day to 160 kilo litre per day
  • Planning to expand the Bihar plant capacity by ~ 140 kilo litre per day
Short-term Goals:
  • Setting up evaporators for all plants to concentrate effluent which will give value addition of final product as cattle feed, zero discharge for environmental protection and water availability as hot condensate for process reuse, saving on use of fresh cold water and heat/energy saving
  • Increasing alcohol percentage in fermentation thereby lowering effluent quantity generation and production at lower steam consumption per liter of product
  • Reconfiguration of high temperature streams to reduce steam consumption in process such as liquefaction & evaporation

Environmental Challenges

  • Minor Disruptions in West Bengal due to COVID-19 pandemic and floods in Bihar facility led to lower utilization
  • Covid-19 pandemic affecting lives and businesses around the world
  • Floods in Bihar
Mitigation Strategies
  • Cost rationalization measures
  • Proactive steps towards changing market dynamics
  • Cost efficiency measures coupled with strategic growth initiatives

Supply Chain Management

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used:

Certifications:

UN Sustainable Development Goals

  • Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:970821 kl
Waste Generated:650080 metric tonnes
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Compliance
  • Sustainable Development
  • Human Capital
  • Risk Management
  • Corporate Social Responsibility (CSR)
  • Ethical Business Conduct
  • Transparency
  • Stakeholder Engagement
  • Human Rights

Environmental Achievements

  • Achieved zero wastewater discharge.
  • Air pollution controlled through ESPs.
  • CO2 generated in fermentation collected, purified, and sold.
  • Spent grain sold as cattle feed.
  • Water recirculated to process with or without treatment.

Social Achievements

  • Strong performance in consumer business, growing by ~10% year-on-year.
  • Investment in human capital to understand consumer preferences.
  • Overall volume crossing 2 lakh cases in FY23.
  • Employee count increased to 892 from 746 in the previous year.

Governance Achievements

  • Operates with high standards of Corporate Governance.
  • Unique 360-degree business model.
  • Strong partnerships with customers, employees, and investors.
  • High standards of governance, fair and transparent dealings.
  • Strong, unified team with deep industry experience.

Climate Goals & Targets

Long-term Goals:
  • Building a sustainable business model in the Premium segment.
Medium-term Goals:
  • Capitalizing on ethanol blending opportunities.
  • Expanding capacities in Jharkhand and West Bengal.
Short-term Goals:
  • Replicating success in the Premium segment achieved in Value to Value Plus transition.

Environmental Challenges

  • Margin pressures due to increasing raw material and energy costs.
  • Changes in excise policy.
  • Inflationary input cost scenario.
  • Haryana plant not operating at optimum levels (initially).
  • Changes in excise policy in Rajasthan impacting Value Plus segment volumes.
Mitigation Strategies
  • Risk mitigation framework to limit impact of cost increases.
  • Moved to a more stable source for raw materials from the Food Corporation of India.
  • Participated in coal auctions to secure consistent energy supply.
  • Internal cost rationalisation measures.
  • Addressing Haryana plant operational issues.

Supply Chain Management

Supplier Audits: Not disclosed explicitly, but SMETA audits are mentioned.

Responsible Procurement
  • Sustainable sourcing framework under review.

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
  • Earthquake
Transition Risks
  • Not explicitly listed.
Opportunities
  • Energy optimization and management.

Reporting Standards

Frameworks Used: National Guidelines on Responsible Business Conduct (NGRBC)

Certifications: ISO 22000:2018, ISO 14001:2004 (in process of renewal), OHSAS 18001:2007 (in process of renewal)

Third-party Assurance: Deloitte Haskins & Sells

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:38802 tonnes of CO2e (Scope 1)
Scope 1 Emissions:38802 tonnes of CO2e
Total Energy Consumption:268248636 KWH (renewable) + 13119054 KWH (non-renewable)
Water Consumption:1076082 kilolitres
Waste Generated:761125.194 metric tonnes

ESG Focus Areas

  • Environmental Sustainability
  • Social Responsibility
  • Corporate Governance

Environmental Achievements

  • Achieved zero wastewater discharge across all plants.
  • Implemented energy conservation measures, resulting in reduced energy intensity.

Social Achievements

  • Conducted skill development and ethics training programs for employees and workers.
  • Implemented a whistle-blower policy to promote ethical conduct.

Climate Goals & Targets

Long-term Goals:
  • Continued investment in the Prestige & Above segment for growth.
Medium-term Goals:
  • Further boost in topline from incremental capacities in Jharkhand and West Bengal.
Short-term Goals:
  • Increase alcohol percentage in fermentation to lower effluent quantity.

Environmental Challenges

  • Inflationary pressures on raw material costs.
  • Disruptions in the Haryana facility leading to lower utilization.
  • Ongoing indirect tax litigation.
Mitigation Strategies
  • Implemented a risk mitigation framework to partially mitigate the impact of raw material cost increases.
  • Developed alternative sourcing strategies.
  • Filed appeals against tax demands and appointed an independent firm to review disallowances.

Supply Chain Management

Supplier Audits: SMETA Audits (25% coverage)

Responsible Procurement
  • Focus on monitoring health and safety conditions for employees and workers.

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
  • Earthquake
Opportunities
  • Optimization of energy use to reduce climate-related risks.

Reporting Standards

Frameworks Used: National Guidelines on Responsible Business Conduct (NGRBC)

Certifications: ISO 22000:2018, ISO 14001:2004 (in process of renewal), OHSAS 18001:2007 (in process of renewal)

Third-party Assurance: Not Applicable