Savita Oil Technologies Limited
Climate Impact & Sustainability Data (2023-04 to 2024-03)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:12,969 tCO2e/year
Scope 1 Emissions:3,266 tCO2e/year
Scope 2 Emissions:9,702 tCO2e/year
Renewable Energy Share:17%
Total Energy Consumption:53,963 GJ/year
Water Consumption:57,918 m3/year
Waste Generated:913.34 tons/year
Carbon Intensity:0.04 tCO2e/MT of Production
ESG Focus Areas
- Climate Resilience and GHG Emissions
- Energy Management
- Water Stewardship
- Waste Management
- Occupational Health and Safety
- Talent Attraction
- Diversity and Inclusion
- Human Rights
- Corporate Governance
- Community Engagement
- Supply Chain
Environmental Achievements
- Generated 86.73 million units of renewable power from 53.8 MW of installed wind power capacity, resulting in avoidance of 71,118.60 tCO2eq.
- 25% of forklift operations shifted to electric forklifts.
- Installed rooftop solar units at four plants with a combined capacity exceeding 655 KWp.
- Implemented rainwater harvesting at several facilities.
- 64% of waste sent for recycling.
Social Achievements
- Certified as a Great Place To Work.
- Implemented a comprehensive digitized performance management system.
- Launched Menstrual Hygiene Kit distribution program in Silvassa, distributing 12,502 kits to 49 government schools.
- Provided mid-day meals for 6,411 children in Silvassa through partnership with Akshaya Patra Foundation.
Governance Achievements
- Formalized a comprehensive ESG Policy.
- Established a Corporate Social Responsibility & Environment Social and Governance (CSR-ESG) Committee.
- Implemented a robust risk management framework.
Climate Goals & Targets
Long-term Goals:
- Net zero emissions
Medium-term Goals:
- Replace all diesel-based forklifts with electric forklifts.
Environmental Challenges
- Climate change risks affecting business operations and value chain.
- Water scarcity.
- Stringent regulatory constraints on waste disposal.
- Complex and varied supply chains presenting risks.
- Evolving corporate governance standards.
Mitigation Strategies
- Reducing carbon footprint and adopting adaptive measures.
- Rainwater harvesting infrastructure.
- Investing in modern, energy-efficient machinery.
- Implementing a robust Sustainable (Green) Procurement Policy.
- Maintaining a robust governance framework.
Supply Chain Management
Responsible Procurement
- Sustainable (Green) Procurement Policy
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Universal Standards 2021, BRSR Framework (SEBI), UN SDGs
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
Third-party Assurance: Internally assured
Sustainable Products & Innovation
- Bio-TRANSOL
- TRANSOL Synth
- Savsol Ester5
- Specialized immersion coolants
Awards & Recognition
- BHEL’s SAMVAAD 3.0
- Hyundai: Best Performance in Quality, Cost and Delivery (2023)
- Tata-Hitachi: Consistent Supplies for After Market in Consumables (2023-24)
- Shape Our Future - Sustainability Award by Schneider Electric