GOCL Corporation Limited
Climate Impact & Sustainability Data (2022-23, 2023-24)
Reporting Period: 2022-23
Environmental Metrics
Total Carbon Emissions:0.10 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:0.054 Metric tonnes of CO2 equivalent
Scope 2 Emissions:0.048 Metric tonnes of CO2 equivalent
Scope 3 Emissions:NA
Total Energy Consumption:3,16,84,006 mega joules/year
Water Consumption:142445 kilolitres/year
Waste Generated:1321 kg/year
Carbon Intensity:0.10 tCO2e per rupee of turnover
ESG Focus Areas
- Safety
- Rural development
- Education
- Water
- Environmental sustainability
Environmental Achievements
- Replaced normal lights with LED street lights, saving energy
- Replaced 400W floodlights with 100W LED floodlights, saving energy
- Installed a 200KVAR APFS with harmonics eliminator, improving power factor and saving energy
- Developed electronic detonators to reduce noise and vibration in blasting operations
- Implemented ETP and STP, treated water is used within the premises.
Social Achievements
- Renovation of schools, providing essential furniture and facilities, and arranging nutritious mid-day meals for the IDL Primary School in Rourkela
- Installed an RO drinking water facility in Rourkela providing filtered water to nearby residents
- Road repair and drain construction benefiting over six villages
- Health camps conducted by reputed hospitals, attended by 150 employees per camp.
Governance Achievements
- Robust management practices instituted
- Governance and Ethics frameworks encourage transparent and professional decision-making
- Safety Review Committee provides oversight to adherence to safety standards
- Received Integrated Management System (IMS) certification
- Initiating Products and Explosives are certified for European markets
Climate Goals & Targets
Environmental Challenges
- High fluctuations in ammonium nitrate price affecting performance
- Competition from national and regional players
- Volatility in ammonium nitrate availability and price due to Russia-Ukraine conflict
- Regulatory changes and phase-out of electric detonators
- Legal disputes
Mitigation Strategies
- Established multiple sources of ammonium nitrate and alternate port facilities
- Established long-term relationships with suppliers to mitigate raw material volatility
- Developed electronic detonators
- Seeking non-tender based customers and export sales
- Made substantial progress in resolving pending legal disputes
Supply Chain Management
Supplier Audits: 100%
Responsible Procurement
- General ESG-related requirements in purchase agreements
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Electronic detonators
Awards & Recognition
- Best Management Award by Labour Minister, Labour Department, Telangana
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:0.127 tCO2e (Scope 1 & 2)
Scope 1 Emissions:0.067 tCO2e
Scope 2 Emissions:0.06 tCO2e
Water Consumption:98191.21 KL
Waste Generated:1414 KG
ESG Focus Areas
- Environmental Stewardship
- Social Well-being
- Good Governance
Environmental Achievements
- Zero Liquid Discharge
- 100% Hazardous Waste Disposal
- Water recycling from STP and ETP for gardening
Social Achievements
- Renovated IDL Primary School
- Renovated IDL Community Centre
- Constructed a concrete road in Suidihi Panchayat
- Provided an ambulance to Utkalmani Gopabandhu Welfare Trust
Governance Achievements
- Robust governance framework based on transparency and integrity
- Implemented a comprehensive Code of Conduct
- Established several Board committees for effective oversight
Climate Goals & Targets
Long-term Goals:
- Carbon neutrality
Environmental Challenges
- Increased competitive intensity in the explosives industry
- Fragmented and commoditised sector
- Compressed margins due to single-buyer situations
- Risky location of Hyderabad manufacturing facility
- Subdued export market conditions
- Shortage of foreign exchange in some African countries
- Volatile and unpredictable ammonium nitrate prices
Mitigation Strategies
- Relocating manufacturing facilities to IDL in Rourkela
- Exploring opportunities to monetise freed-up land assets
- Positioning the Electronics Manufacturing System (EMS) segment for future growth
- Working with electric vehicle manufacturers
- Developing electronic products for electric vehicles and chargers
- Establishing EMS facility as an electronics hub for the Hinduja Group
- Hedging currency to manage currency fluctuations
- Establishing a credit risk policy
- Expanding customer base to non-tender-based customers
- Increasing exports to diversify consumer base
Supply Chain Management
Responsible Procurement
- General ESG-related requirements in purchase agreements
Climate-Related Risks & Opportunities
Opportunities
- Development of electronic products for electric vehicles
Reporting Standards
Frameworks Used: BRSR
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, AS9100D
Sustainable Products & Innovation
- Electronic detonators
Awards & Recognition
- NSCI Safety Award 2023