Climate Change Data

Himadri Speciality Chemical Limited

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

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:385,752 tCO2e (Scope 1) + 2,112 tCO2e (Scope 2)
Scope 1 Emissions:385,752 tCO2e
Scope 2 Emissions:2,112 tCO2e
Renewable Energy Share:0%
Total Energy Consumption:361,516 GJ
Water Consumption:921,503 KL
Waste Generated:1,848.75 metric tons
Carbon Intensity:0.96 tCO2e/MT (Scope 1 & 2) in FY2022-23

ESG Focus Areas

  • Health & Safety
  • Human Rights
  • GHG Emissions/ Energy Management
  • Water Management
  • Labour Practices
  • Transparency

Environmental Achievements

  • Implemented Zero Liquid Discharge (ZLD) to manage water consumption, treatment, and recycling.
  • Monitoring Scope 1 and 2 emissions with efforts to increase energy efficiency.
  • Actively assessing emissions and having short-term and long-term plans to improve energy intensity and reduce carbon footprint.
  • Recycled more than 99% of by-products.

Social Achievements

  • Progressive people practices adopted to retain and attract talent.
  • Regular assessment conducted by Leadership to enhance employee experience.
  • Comprehensive and detailed Grievance Redressal Mechanism in place.
  • Diversity policy aligned with the Rights of Persons with Disabilities Act, 2016.

Governance Achievements

  • Anti-Bribery and Anti-Corruption Policy in place.
  • Robust governance structure to oversee and monitor the policy.
  • Code of Conduct for the Board of Directors and senior management personnel to avoid and disclose conflict of interest.

Climate Goals & Targets

Environmental Challenges

  • GHG emissions having a negative impact on the global climate.
  • Potential accidents causing damage to reputation and legal actions.
Mitigation Strategies
  • Himadri strictly adheres to health and safety protocols at all plants and office locations. Himadri locations have been ISO 45001:2018 certified.
  • Continuous improvement in operating efficiency, optimizing waste and water management, and adhering to best practices to reduce GHG emissions.

Supply Chain Management

Supplier Audits: 100% of service-related value chain partners assessed for sexual harassment, discrimination, child labor, forced labor, wages, and anti-bribery.

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015, IATF 16949:2016, ISO 17025:2017, ISO 45001:2018, ISO 14001:2015

Sustainable Products & Innovation

  • New non-ASTM grades of Carbon Black with reduced rolling resistance and improved abrasion and tear resistance.
  • Low PAH Carbon Black

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:409,576.4 metric tons CO2e (Scope 1 & 2); 989,416.73 tCO2e (Scope 3)
Scope 1 Emissions:409,576.4 metric tons CO2e
Scope 2 Emissions:0 metric tons CO2e
Scope 3 Emissions:989,416.73 tCO2e
Total Energy Consumption:393218.41 MWh/year
Water Consumption:921503 kilolitres/year
Waste Generated:2641.16 tons/year
Carbon Intensity:0.846 tCO2e/MT of goods sold (Scope 1 & 2)

ESG Focus Areas

  • Environmental Stewardship
  • Caring for our people
  • Empowering communities
  • Prudent governance

Environmental Achievements

  • Reduced GHG intensity by 24.20%
  • Reduced energy intensity per MT of product sold by 12.29%
  • 98% waste recycling across operations

Social Achievements

  • Loss Time Injury Frequency Rate (LTIFR) of 1.18 (aiming for below 1 by 2025)
  • 28.2 training man-hours/employee/year
  • Increased female representation in management team (4.5%)

Governance Achievements

  • Established anti-bribery and corruption training for all employees (99.8% completion rate)
  • Implemented ISO 37001:2016 and ISO 27001:2022 across most sites
  • Increased women representation in Board to 12.5% in FY23-24

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Medium-term Goals:
  • Reduce Scope 1 emissions by 30% by 2030
  • Reduce Scope 3 emissions by 40% by 2030
  • 100% electrification across operations by 2030
  • 50% consumption of recycled raw materials by 2030
Short-term Goals:
  • Reduce energy intensity/MT of product sold by 10% by 2025
  • Reduce Scope 1 & 2 CO2e emission intensity/MT by 25% by 2025
  • Reduce Scope 3 CO2e emission intensity/MT by 5% by 2025
  • LTIFR below 1 by 2025

Environmental Challenges

  • Supply chain disruptions due to climate events
  • Complex nature of raw materials posing challenges in collecting primary emission data from suppliers
  • Managing climate-related risks (physical and transition)
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Employing industry standard databases (Ecoinvent 3.9.1, DEFRA, and ExIobase) to account for GHG emissions
  • Implementing a comprehensive climate resilience strategy, including scenario analysis and risk mitigation plans

Supply Chain Management

Supplier Audits: 84% of group spend covered by sustainability assessment in 2023

Responsible Procurement
  • Sustainable Procurement Policy
  • Supplier Code of Conduct
  • Due diligence process on Human Rights, Environment, Corruption and Information security

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
  • Flooding
  • Drought
  • Wildfire
Transition Risks
  • Regulatory changes
  • Market shifts
  • Changes in energy mix
  • Decreased availability of raw materials
Opportunities
  • Development of energy-efficient products
  • Integration of new technologies
  • Opportunity to reduce resource consumption
  • Opportunity to use sustainable feedstocks

Reporting Standards

Frameworks Used: GRI, SBTi, TCFD, UNGC

Certifications: ISO 14001:2015, ISO 50001:2018, ISO 45001:2018, SA 8000:2014, ISO 37001:2016, ISO 27001:2022

Third-party Assurance: TÜV SÜD South Asia Pvt. Ltd.

UN Sustainable Development Goals

  • SDG 3
  • SDG 4
  • SDG 5
  • SDG 6
  • SDG 7
  • SDG 8
  • SDG 9
  • SDG 10
  • SDG 11
  • SDG 12
  • SDG 13
  • SDG 16
  • SDG 17

Himadri's initiatives are aligned with the 17 UN Sustainable Development Goals.

Sustainable Products & Innovation

  • Low Sulphur Fuel Oil (LSFO)
  • Speciality carbon blacks
  • Lithium Iron Phosphate (LFP) cathode materials

Awards & Recognition

  • Best Workplace Practices Award
  • Best Corporate Social Responsibility Practices Award
  • Environmental Excellence Award
  • Carbon Footprint Accounting Award
  • Winner in Rural Development
  • Eastern India’s Best Employer Brands 2023