EPACK Durable Limited
Climate Impact & Sustainability Data (2023-24)
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:10,814 tCO2e
Scope 1 Emissions:1,850 tCO2e
Scope 2 Emissions:8,964 tCO2e
Renewable Energy Share:67%
Water Consumption:21,415 kiloliters
Waste Generated:3,797 metric tonnes
ESG Focus Areas
- Environmental sustainability
- Employee well-being and safety
- Community investment
- Human Rights
Environmental Achievements
- 17.30% Reduction in Scope 1 Emission (Y-O-Y)
- 25% Increase in electricity sourced from renewable sources (Y-O-Y)
Social Achievements
- Zero Lost Time Injury Frequency Rate (0 for payroll employees and 1.5 for workers)
- Launched various employee engagement activities (Sports Day, birthday celebrations, skip-level meetings, suggestion scheme, festival celebrations, Women’s Day celebrations, POSH training, Buddy Programme)
- ~640 Total Beneficiaries from CSR activities
Governance Achievements
- Successful IPO with 16.79 times subscription rate
- Amalgamation of EPACK Components Private Limited into EPACK Durable Limited
Climate Goals & Targets
Environmental Challenges
- Unseasonal and erratic weather patterns impacting air conditioner demand
- Input cost pressures from higher commodity prices (copper, aluminum)
- Adverse forex fluctuations affecting cost structures
- Limited customers in the Indian RAC market
- Stricter regulations on greenhouse gas emissions and energy conservation
- Higher inflation impacting raw material prices and input costs
Mitigation Strategies
- Excess inventory liquidation
- Strategic initiatives and operational efficiencies
- Long-term contracts with suppliers
- Diversified supplier base
- Effective inventory management
- Adjusting product pricing
- Enhancing operational efficiency
- Reducing manufacturing costs
- Closely monitoring market trends
- Hedging through forward contracts and options
- Sustainable manufacturing processes
- Investing in eco-friendly technologies
- Establishing e-waste management systems
- Developing robust business continuity plans
Supply Chain Management
Responsible Procurement
- Regular compliance checks with suppliers
- Communicating expectations to suppliers periodically
Climate-Related Risks & Opportunities
Physical Risks
- Extreme climate events (flooding, drought, heat waves)
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: BRSR
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO/IEC 17025:2017
Sustainable Products & Innovation
- Air Coolers
- Sustainable air conditioners with lower global warming potential refrigerants