Indigo Paints Limited
Climate Impact & Sustainability Data (2023-24)
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:4,649 tCO2e
Scope 1 Emissions:29.45 tCO2e
Scope 2 Emissions:4620.00 tCO2e
Scope 3 Emissions:33094.00 tCO2e
Total Energy Consumption:23,597 GJ
Water Consumption:78,424 kilolitres
Waste Generated:1249.81 tons
ESG Focus Areas
- Sustainable Operations
- Well-being and Social Impact
- Governance and Ethics
Environmental Achievements
- 3% Reduction in Specific Energy Consumption
- 96% Increase in Water Harvesting
- 87% Increase in Water Recycling
- 13% Reduction in Emission Intensity
- 70% Increase in Waste Recycling
- Reduction in scope 1 and 2 emission intensity per unit production by 23%
- Reduction in scope 1 and 2 emission intensity per unit revenue by 13%
Social Achievements
- Educational assistance to over 300 underprivileged girls in and around Pune
- Partnership with Cancure Foundation to provide free dialysis and palliative care to underprivileged sections of society in Kochi
- Extended health insurance coverage to over 1,000 families of the painter community in Bihar and expanding this initiative to cover 1,600 more families in Odisha and Chhattisgarh
- Zero accidents in FY 2023-24
Governance Achievements
- Established an ESG committee
- Board oversight with regular reviews
- Compliance with all statutory requirements and regulations
- Zero breaches of our Code of Conduct across all locations
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050
Medium-term Goals:
- Making All Manufacturing Plants Accessible to Renewable Energy by FY 2028
Short-term Goals:
- Reduce specific energy consumption by 3% Y-o-Y
- Targeting 25% waste recycling by FY 2025 and 50% by FY 2030
Environmental Challenges
- Raw material price volatility
- Supply chain disruptions
- Competition
- Environmental regulations
Mitigation Strategies
- Effectively managing these fluctuations and exploring alternative, stable raw materials
- Exploring alternative suppliers, building stronger relationships with existing partners and implementing robust inventory management strategies
- Focus on product differentiation, brand building and exploring niche markets
- Investing in cleaner technologies and sustainable practices
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SBTi
Sustainable Products & Innovation
- Water based coating for Interior & Exterior Woodwork
- Premium Interior Emulsion with rich sheen and smooth finish
- Polyurethane based single pack Floor coat