Climate Change Data

Mukand Limited

Climate Impact & Sustainability Data (2022-23, 2023-24)

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:9,14,993.37 + 1,23,243.48 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:9,14,993.37 tCO2e/year
Scope 2 Emissions:1,23,243.48 tCO2e/year
Scope 3 Emissions:Not Assessed
Renewable Energy Share:details in Annexure 3
Total Energy Consumption:132,60,48,186.00 MWh/year
Water Consumption:15,19,483 kl/year
Waste Generated:2,34,591.96 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced GHG emissions (details in Annexure 3)
  • Implemented various safety methods in its plants/operations (details in Annexure 3)
  • Set up a water recycling plant reusing wastewater for process (300 Cum/day) (details in Annexure 3)

Social Achievements

  • Distributed nutritious food to over 9,000 students across 44 schools in Shahpur (CSR initiative)
  • Arranged school uniforms and stationery for students in Shahpur (CSR initiative)
  • Organized the 3rd annual road race for school students in Shahpur (CSR initiative)

Governance Achievements

  • Complied with Corporate Governance requirements under the Act and SEBI LODR, 2015 (details in Annexure 4)
  • Carried out annual performance evaluation of its own performance, Directors individually, and the working of Board Committees (details in Annexure 4)
  • Complied with provisions relating to the constitution of Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (details in Annexure 4)

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Solar project completion by 2024 (estimated GHG reduction 79,000 Tonne/year)
  • PNG conversion of Mills furnaces and heat treatment by FY 2023-24

Environmental Challenges

  • Shortage of raw materials
  • Ongoing war between Russia and Ukraine
  • Effect of the COVID-19 pandemic on the global supply chain
  • Disturbance created across some of the largest economies in the world
  • Volatility in the market due to Russia-Ukraine war and export tax imposed by the government
Mitigation Strategies
  • Various steps are taken to increase the productivity of SMS (details in Annexure 7)
  • Steps taken to reduce Fuel Consumption (details in Annexure 7)
  • Increase in use of Wind energy, Solar energy, Higher pulverized coal injection in mini-Blast Furnace (details in Annexure 7)
  • Implemented various safety methods in its plants/operations (details in Annexure 3)
  • Adopted technologies and processes to reduce water consumption (details in Annexure 3)
  • Reduced waste streams and hazardous waste streams and recycle or sell non-hazardous by-products (details in Annexure 3)
  • Executed an Agreement for Sale of surplus land at Kalwe and Dighe, in Thane district (details in Management Discussion & Analysis)

Supply Chain Management

Supplier Audits: Periodical compliance screening of critical suppliers (details in Annexure 3)

Responsible Procurement
  • Sustainable sourcing (details in Annexure 3)

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Regulatory efforts to reduce GHG emissions
Opportunities
  • Not disclosed

Reporting Standards

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

Certifications: ISO 14001:2015, ISO 50001:2011, ISO 9001:2015, IATF 16949:2016

Third-party Assurance: Dhir & Dhir Associates

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:1,08,66,715.63 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:9,15,070.94 tCO2e/year
Scope 2 Emissions:1,24,065.80 tCO2e/year
Scope 3 Emissions:1,58,592.25 tCO2e/year
Renewable Energy Share:70% (projected for Kalwe Plant)
Total Energy Consumption:1,10,15,244.43 GJ/year
Water Consumption:13,00,318 m3/year
Waste Generated:2,50,885.72 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Energy Conservation
  • Waste Management
  • Water Usage
  • Workplace Safety
  • Education enhancement
  • Women empowerment
  • Promoting sports
  • Health initiatives
  • Infrastructure development

Environmental Achievements

  • Reduced carbon footprint through a 43.75 MW AC Group Captive Solar project at Kalwe Plant, offsetting an estimated 54,687 Metric Tons of CO2 emissions per year and fulfilling up to 70% of the plant's energy requirement.
  • Replaced furnace oil & LPG with Piped Natural Gas (PNG) in reheating furnaces, boilers, and annealing furnaces, improving surface quality and reducing environmental impact.
  • 23.89 MWp Group Captive Solar project at Hospet plant, offsetting approximately 28,440 tonnes of CO2 emissions per year.

Social Achievements

  • Provided nutritious food to over 9,000 students across 44 schools in Shahpur.
  • Distributed school uniforms and stationery materials to students in Shahpur.
  • Organized the 4th annual road race for school students in Shahpur with over 900 participants.

Governance Achievements

  • Full compliance with SEBI LODR, 2015 regulations.
  • Established various committees (Risk Management, Audit, Stakeholder Relationship, Nomination & Remuneration, Works Committee) to oversee sustainability policies.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Invest in captive power generation to meet 60% of total energy needs by 2025.

Environmental Challenges

  • Market volatilities and external pressures impacting profitability.
  • Weak domestic demand and tough economic conditions in major European markets.
  • GHG emissions from steel production.
  • Energy management and reliance on fossil fuels.
  • Hazardous waste generation.
  • Ethical business conduct.
Mitigation Strategies
  • Strategic cost management initiatives.
  • Investment in captive power generation (solar projects).
  • Implementation of clean technologies and renewable energy sources.
  • Waste management practices to minimize hazardous by-products and promote recycling.
  • Comprehensive Anti-Bribery and Anti-Corruption (ABAC) Policy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Code of Conduct for Suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 14001:2015, ISO 50001:2011, ISO 9001:2015, IATF 16949:2016, ISO 45001:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed