Climate Change Data

Privi Speciality Chemicals Limited

Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:203478.6 tonnes CO2e
Scope 1 Emissions:160313.75 tonnes CO2e
Scope 2 Emissions:43164.86 tonnes CO2e
Scope 3 Emissions:5.9 million metric tonnes
Renewable Energy Share:29%
Total Energy Consumption:1990.52 TJ
Water Consumption:530519 KL
Waste Generated:10470.4 tonnes
Carbon Intensity:6.48 kg CO2e per kg product

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Secured a 70/100 score on the Environment parameter from EcoVadis and awarded a silver medal.
  • Achieved the longest accident-free period in the Chemicals and Fertilizers Industrial Group (awarded by National Safety Council- Maharashtra Chapter).

Social Achievements

  • Received various awards from the National Safety Council for employee safety.
  • Secured a 60/100 score on the Labour and Human Rights parameter from EcoVadis and awarded a silver medal.
  • 100% of permanent workers covered by collective bargaining agreements.

Governance Achievements

  • Secured 50 and 60 out of 100 scores on Ethics and Sustainable Procurement from EcoVadis and awarded a silver medal.
  • Achieved a ‘B-’ Supplier Engagement Rating (SER) 2022, higher than the Asia regional and Chemicals sector averages.
  • Scored 100% in the TfS on-site audit under Good Performance (Green classified).

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050

Environmental Challenges

  • Climate change impacts on business operations and supply chain resilience.
  • Transition risks associated with decarbonizing the supply chain.
Mitigation Strategies
  • Scenario analysis to estimate the impact of climate-related risks.
  • Implementation of a Business Continuity Plan (BCP).
  • Working with suppliers to access low-cost renewable energy.

Supply Chain Management

Supplier Audits: 90% following best practices of sustainability

Responsible Procurement
  • Supplier code of conduct
  • Sustainability terms and conditions in order contracts
  • EcoVadis, CDP Supply Chain and Water Security programs engagement.

Climate-Related Risks & Opportunities

Physical Risks
  • Climatic effect
  • Renewable raw material yield
Transition Risks
  • Cost of decarbonizing supply chain
  • Reducing waste and recycling costs
  • Changing consumer behavior
Opportunities
  • Innovation to develop more sustainable products

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Ernst & Young Associates LLP (EY)

Awards & Recognition

  • Various awards from National Safety Council
  • EcoVadis silver medal

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:217131.71 MT CO2e
Scope 1 Emissions:178,619.21 MT CO2e
Scope 2 Emissions:38,512.50 MT CO2e
Scope 3 Emissions:40254.49 MT CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:2,213,020 GJ
Water Consumption:500,270,000 Litres
Waste Generated:11,162.41 metric tonnes
Carbon Intensity:126.82 MT CO2e per Crores Turnover

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Implemented Zero Liquid Discharge (ZLD) facility at multiple units, recycling treated wastewater.
  • Installed rooftop solar panels and a 10 MW open-access solar power plant to reduce reliance on fossil fuels.
  • Privi Lungs of Mahad – Miyawaki Combo Biodiversity & Livelihood plantation sequestering 1100 tons of carbon dioxide annually.

Social Achievements

  • Provided health insurance, accident insurance, and maternity benefits to employees.
  • Conducted extensive training programs on health and safety, skill upgradation, and human rights for employees and workers.
  • Maintained accessible premises for differently-abled employees and workers.

Governance Achievements

  • Established an ESG Committee to oversee sustainability-related issues.
  • Implemented an Anti-Bribery and Anti-Corruption (ABAC) policy.
  • Conducted periodic internal reviews of policies and charters.

Climate Goals & Targets

Long-term Goals:
  • Net Zero emissions by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Strict regulations governing air emissions, water discharge, and chemical safety.
  • Health and safety risks for employees in chemical manufacturing.
  • Potential production disruptions due to extreme weather events.
  • Greenhouse gas emissions from chemical manufacturing.
Mitigation Strategies
  • Designated EHS representatives for each facility to monitor regulatory developments.
  • Implemented strict health and safety policies and guidelines.
  • Invested in safeguarding critical facilities against floods and implemented proactive measures to tackle climate conditions.
  • Developed ways to reduce GHG emissions, proactively disclosing details via CDP and EcoVadis.

Supply Chain Management

Supplier Audits: 90.00%

Responsible Procurement
  • Sustainable sourcing policy
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (cyclones, floods, heatwaves)
Transition Risks
  • Regulatory changes
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: BRSR, UNGC, SBTi

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Third-party Assurance: NA

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed