Venus Pipes & Tubes Limited
Climate Impact & Sustainability Data (2022-23)
Reporting Period: 2022-23
Environmental Metrics
Scope 1 Emissions:28.01 Metric tons of CO2 equivalent
Scope 2 Emissions:1,315.82 Metric tons of CO2 equivalent
Water Consumption:12421 KL
Waste Generated:79.8 MT
ESG Focus Areas
- Environment Stewardship
- Social Initiatives
- Strong governance
Environmental Achievements
- Reduced acid consumption in manufacturing process (Acid Regeneration Plant planned)
Social Achievements
- Employee well-being programs
- Skill-building and vocational training initiatives
Governance Achievements
- Robust policies, procedures, and regulatory compliance
- Experienced Board of Directors
Climate Goals & Targets
Medium-term Goals:
- Achieve zero liquid discharge
- Use renewable energy for business operation
Short-term Goals:
- Acid Regeneration Plant (ARP) installation to significantly reduce acid consumption
Environmental Challenges
- Decline in export services due to inflation, geopolitical tensions, and acceptance of imported raw materials by some customers
- Capacity constraints
Mitigation Strategies
- Capacity expansion plan (seamless and welded pipes)
- Backward integration strategy (manufacturing mother hollow pipes)
- Focussed efforts on managing working capital needs
Supply Chain Management
Supplier Audits: 100%
Responsible Procurement
- Standard operating procedure for procurement of raw materials
- Verification of test certificates
- EHS evaluation
- Human rights assessment
- Financial aspect assessment
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, NGRBC
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, AD 2000 - Merkblatt W0, BIS