Climate Change Data

GOCL Corporation Limited

Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-24)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:0.10 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:0.054 tCO2e/year
Scope 2 Emissions:0.048 tCO2e/year
Scope 3 Emissions:NA
Renewable Energy Share:Less than 1%
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 600 Units/month
  • Replaced 400W floodlights with 100W LED floodlights, saving 300 Units/month
  • Installed a 200KVAR APFS, saving ₹2.16 Lakhs/annum
  • Implemented Zero Liquid Discharge through ETP and STP; treated water used within premises
  • 521 kgs of E-waste disposed to authorized agency

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
  • Road repair and drain construction benefiting over six villages
  • Conducted 10 health camps by reputed hospitals, attended by 150 employees per camp

Governance Achievements

  • Robust Governance and Ethics frameworks encouraging transparent and professional decision-making
  • Received Integrated Management System (IMS) certification
  • Initiating Products and Explosives certified for European markets
  • Complete transparency in explosives manufacturing, transportation and storage implemented and achieved

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
  • Concentration of Customers (primarily large PSUs operating within a tendering system)
  • Currency value and interest rate fluctuations
  • Prolonged litigation
  • Delays in obtaining approvals for new products and capacity changes
Mitigation Strategies
  • Established multiple sources and alternate port facilities for ammonium nitrate
  • Seeking non-tender based customers and export sales
  • Employing hedging strategies to mitigate foreign exchange exposures
  • Established a credit risk policy and allocated specific credit limits to customers
  • Regular reviews of working capital components
  • Thorough review of major contracts and seeking independent legal counsel when necessary
  • Appropriate financial provisions, insurance policies, and credit lines to limit exposure
  • Submitting approval applications well in advance to avoid disruptions

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement
  • General ESG-related requirements in purchase agreements

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, CE certification

Third-party Assurance: Haribhakti & Co. LLP

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 business situation
  • Risky location of Hyderabad manufacturing facility
  • Subdued export market conditions due to economic factors and foreign exchange shortages
  • Volatile and unpredictable ammonium nitrate prices
Mitigation Strategies
  • Relocating manufacturing facilities to IDL at Rourkela
  • Exploring opportunities to monetise freed-up land assets
  • Positioning the Electronics Manufacturing System (EMS) segment for future growth
  • Developing electronic products for electric vehicles
  • Expanding customer base to non-tender-based customers
  • Increasing exports to diversify markets

Supply Chain Management

Responsible Procurement
  • General ESG-related requirements in purchase agreements

Climate-Related Risks & Opportunities

Transition Risks
  • Phase-out of conventional electric detonators
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