Climate Change Data

Parag Milk Foods Limited

Climate Impact & Sustainability Data (2021-22)

Reporting Period: 2021-22

Environmental Metrics

Total Carbon Emissions:27 MTCO2e (9 months)

ESG Focus Areas

  • Environmental sustainability
  • Social impact
  • Community empowerment

Environmental Achievements

  • 27 MTCO2e reduction in GHG emissions through biogas digester installation (July 2021 - March 2022)
  • ~25% reduction in energy via lower CO2 emissions
  • Reduced water required per litre of milk at Manchar and Palamaner facilities
  • ~30% of water requirement met with recycled water

Social Achievements

  • Daily milk supply to deaf school children in Narodi village
  • Shelter and care for abandoned cows at two Panjrapole centers
  • Scholarships to underprivileged students
  • Health camps and basic amenities provided to needy people
  • Safety trainings conducted for surrounding village villagers

Governance Achievements

  • Appointment of Ms. Akshali Shah as Executive Director
  • Strengthening the Board and management team
  • Implementation of robust internal controls
  • Adoption of a comprehensive Risk Management Policy

Climate Goals & Targets

Long-term Goals:
  • Achieve 35% renewable energy contribution
Medium-term Goals:
  • Increase milk production capacity to 1,40,000 litres/day by 2028
  • Increase number of cows from 3,000 to 15,000 by 2028

Environmental Challenges

  • COVID-19 pandemic impact on operations and inventory
  • Geopolitical risks and volatile macro environment
  • Inflationary pressure on milk, packaging, freight, and logistics costs
  • Supply chain disruptions due to lockdowns
Mitigation Strategies
  • Continued milk procurement from farmers despite lockdowns
  • Conversion of surplus milk into value-added products
  • Cost optimisation and productivity improvement programs
  • Price hikes to offset increased raw material costs
  • Strengthening distribution network and opening new depots
  • Accelerated digitalisation of sales channels

Supply Chain Management

Responsible Procurement
  • Direct sourcing of milk from over 2.5 lakh farmers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines (NVGs), National Guidelines on Responsible Business Conduct (NGRBC)

Sustainable Products & Innovation

  • Gowardhan Ghee
  • Gowardhan Paneer
  • Pride of Cows (Milk, Curd)

Awards & Recognition

  • Pride of India Brands - The best of Bharat Award 2022
  • Creative Shop award at e4m Prime Time Awards 2021
  • Asia’s most promising Business Leader Award 2021-2022