Climate Change Data

Apcotex Industries Limited

Climate Impact & Sustainability Data (2023-24)

Reporting Period: 2023-24

Environmental Metrics

Scope 1 Emissions:61,209 tCO2e
Scope 2 Emissions:15,103 tCO2e
Total Energy Consumption:7,24,530 GJ
Water Consumption:615,475 kilolitres
Waste Generated:2754.15 metric tons
Carbon Intensity:0.98 tCO2e/MTons

ESG Focus Areas

  • Water Stewardship
  • Occupational Health and Safety
  • Ethical Business Conduct
  • Regulatory Compliance
  • Climate Change and Energy Management
  • Local Community Engagement
  • Materials Risk
  • Product Stewardship
  • Human Capital Management

Environmental Achievements

  • Established zero-liquid discharge system at Valia to maximize recycling and reuse of water
  • 3% Approx. of raw material purchases sourced sustainably
  • Reduction on GHG (scope 1 and 2) emission by 25% by the FY 2032 from baseline of the FY 2022
  • 100% diversion of incinerable hazardous waste from landfill

Social Achievements

  • 100% coverage of directors, KMPs, and employees under training on ESG
  • Adoption of a structured program to achieve goal of no-harm workplace
  • Several strategic projects in healthcare and education in areas surrounding factories and offices
  • Engagement with employees through several initiatives to keep them motivated

Governance Achievements

  • All our directors, KMPs, and employees are trained on ethical business practices
  • Robust systems and processes to conduct its business in an ethical and fair manner
  • Annual independence declaration from directors and KMPs to ensure non-conflict of interest
  • Established ESG steering committee for decision making on sustainability related issues

Climate Goals & Targets

Long-term Goals:
  • Screening of all suppliers on ESG criteria
  • 100% diversion of incinerable hazardous waste from landfill
Medium-term Goals:
  • 3% year-on-year reduction in energy efficiency till the year 2030
  • Reduction on GHG (scope 1 and 2) emission by 25% by the FY 2032 from baseline of the FY 2022
Short-term Goals:
  • 100% coverage of directors, KMPs, and employees under training on ESG

Environmental Challenges

  • Water scarcity in Maharashtra and Gujarat
  • Safety hazards from heavy machinery and hazardous chemicals
  • Risks of corruption, conflict of interest, and other unethical practices
  • Dynamic external regulatory environment
  • Climate change poses physical and transitional risk on business
  • Risk to oil & gas sector due to climate change can affect our supply chain and business
Mitigation Strategies
  • Achieving water efficiency in operations
  • Structured program focusing on behavior-based safety, asset integrity, and automation
  • Robust systems and processes to conduct its business in an ethical and fair manner
  • Compliance tool to track all applicable compliances
  • Process improvement and energy efficiency initiatives
  • Increasing share of renewables into total energy mix
  • Increasing yield and achieving material efficiency
  • Partnering with other organizations to conduct research on bio-materials

Supply Chain Management

Supplier Audits: 12 suppliers

Responsible Procurement
  • Suppliers code of conduct
  • Screening and assessment of new and existing suppliers on ESG criteria

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 45001:2018, ISO 14001:2015, Responsible Care

Third-party Assurance: NA