Sigachi Industries Limited
Climate Impact & Sustainability Data (2023-24)
Reporting Period: 2023-24
Environmental Metrics
Scope 1 Emissions:24,776.82 tCO2e/year (FY24)
Scope 2 Emissions:7,421.17 tCO2e/year (FY24)
Total Energy Consumption:312,214.01 GJ/year (FY24)
Water Consumption:55,426.00 KL/year (FY24)
Waste Generated:87.30 metric tonnes/year (FY24)
Carbon Intensity:2.37 MT/Tonne of Product (FY24)
ESG Focus Areas
- Environmental stewardship
- Social responsibility
- Robust governance
Environmental Achievements
- Achieved 20% reduction in energy consumption intensity by 2024 (target year 2032)
- Planted 50,000 trees by 2024 (target year 2026)
- Reduced coal consumption intensity by 20% by 2028 (target year 2032)
- Installation of ETP and STP in every manufacturing unit
- Use of Mechanical Vapour Recompression installations for energy efficiency and waste management
- Prioritizes sea and rail transportation to reduce emissions
Social Achievements
- Certified as a Great Place to Work
- Adheres to ISO 45001 standards
- Efforts to enhance gender diversity and create opportunities for persons with disabilities
- Strong community relations and upholds human rights principles
Governance Achievements
- Release of its first Business Responsibility and Sustainability Report (BRSR) in FY 2023
- Achieved EcoVadis Silver certification
- Alignment with Global Reporting Initiative (GRI) Standards and Sustainable Development Goals (SDGs)
Climate Goals & Targets
Medium-term Goals:
- Reduce energy consumption intensity by 20% by 2032
- Reduce coal consumption intensity by 30% by 2032
- Reduce freshwater consumption intensity by 30% by 2032
- Recycle 50% of raw material packaging material by 2030
- Reduce solid waste (going to landfilling) intensity by 30% by 2032
Short-term Goals:
- Increase water recycling by 10% by 2028
- Reduce solid waste (going to landfilling) intensity by 20% by 2028
Environmental Challenges
- Inefficient energy use and high emissions
- Inadequate waste management
- Failure to prioritize employee health and safety
- Lack of a strong data integrity and security mechanism
- Neglecting to uphold human rights and sustain favourable community interactions
Mitigation Strategies
- Implementing energy-efficient technologies and emission reduction strategies
- Implementing effective waste management strategies
- Maintaining stringent standards in Environment, Health, and Safety (EHS)
- Upgrading servers and firewall devices, reviewing licenses, and enhancing storage capacity
- Establishing a Disaster Recovery Site for critical applications
- Following natural justice in all dealings, creating an inclusive workspace
Supply Chain Management
Supplier Audits: 20% (FY23-24)
Responsible Procurement
- Code of Conduct for External Stakeholders
- ESG Assessment process for suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards, Sustainable Development Goals (SDGs)
Certifications: ISO 45001, EcoVadis Silver
Third-party Assurance: Not Applicable
Awards & Recognition
- EcoVadis Silver rating