Climate Change Data

Udaipur Cement Works Ltd.

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:51,560 tCO2e/year (mitigated)
Scope 2 Emissions:55,540 tCO2e/year
Scope 3 Emissions:13,293 tCO2e/year
Renewable Energy Share:48%
Total Energy Consumption:63,654 MWh/year (renewable)
Water Consumption:18,96,107 KL (rainwater harvested) + 29,795 KL (recycled)
Waste Generated:1,680 MT (plastic recycled)

ESG Focus Areas

  • Climate Change
  • Water Management
  • Resource Conservation
  • Community Development
  • Occupational Health and Safety
  • Human Capital Development

Environmental Achievements

  • Consumed 63,654 MWh of green energy (Solar + WHRS), mitigating around 51,560 tons of CO2 emissions.
  • Achieved 3.6 times water positivity.
  • Saved about 4.11 lakh tons of virgin natural resources by replacing them with other industrial waste-derived raw materials.
  • Installed a 1 MW floating solar power plant (first in Rajasthan and Indian cement industry), increasing renewable energy share to 48%.

Social Achievements

  • Total CSR expenditure of ₹96.04 Lakhs benefiting 70,179 individuals.
  • Implemented Project Aarogya, Vidya, Aajivika, Swajal & Swachhta, Gramin Vikas, and Kaushal Prashikshan.
  • Achieved zero man-days loss due to accidents.

Governance Achievements

  • Established a robust system to track and comply with regulatory changes.
  • Implemented a robust internal financial control system.
  • No substantial reportable weaknesses in the internal financial control system were identified during FY 2022-23.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions by 2050.
Medium-term Goals:
  • Increase renewable energy share to 80% by 2030.
  • Achieve net-zero emissions by 2040.
Short-term Goals:
  • Increase cement production capacity from 2.2 MTPA to 4.7 MTPA by Q2 FY25.
  • Increase clinker production capacity from 1.5 MTPA to 3 MTPA by Q3 FY24.

Environmental Challenges

  • Significant increase in fuel costs putting pressure on margins.
  • Limited opportunities due to macroeconomic factors.
  • Risk of grid power unavailability.
  • Pending litigations.
  • Risk to brand reputation.
Mitigation Strategies
  • Implemented various efficiency improvement measures, optimization of product mix, and geographical mix.
  • Regular inspection of grid and quality of power overhead line.
  • Close follow-up of all pending litigations and taking required legal help.
  • Focus on positive image and communication.

Supply Chain Management

Responsible Procurement
  • Prioritising safety and environmental considerations when selecting vendors; opting for low-lead suppliers and green transportation.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and processes; transition to alternative fuels and raw materials.

Reporting Standards

Frameworks Used: International Integrated Reporting Council (IIRC)

Certifications: ISO 14001, ISO 45001, ISO 50001, ISO 9001, ISO 14064-1, ISO 14046

Sustainable Products & Innovation

  • Platinum Heavy Duty Cement
  • Platinum Supremo Cement

Awards & Recognition

  • India's fastest-growing cement company (small category, 2022) by Indian Cement Review (ICR)
  • Asia's most promising Cement Brand (Platinum Heavy Duty cement)
  • Promising Brands Award (Platinum Supremo) by The Economic Times
  • State Safety Awards 2022
  • Certificate of Appreciation from National Safety Council of India
  • Rajasthan Best Employer Brand Award 2022
  • Platinum Award at ‘13th Exceed Occupational Health Safety & Security awards 2022’

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Scope 1 Emissions:17,72,372 tCO2e/year
Scope 2 Emissions:71,339 tCO2e/year
Renewable Energy Share:42.7%
Total Energy Consumption:74,218 MWh/year
Carbon Intensity:590 kg CO2e/ton cement

ESG Focus Areas

  • Climate Change
  • Water Management
  • Resource Conservation
  • Community Development
  • Occupational Health and Safety
  • Human Capital Development
  • Compliance and Regulation
  • Integrity and Transparency
  • Customer Satisfaction

Environmental Achievements

  • Consumed 74,218 MWh of green energy (Solar + WHRS), mitigating around 53,141 Tons of CO2 emissions.
  • Achieved 3.04 times water positive status.
  • Saved about 6.86 Lakh Tons of virgin natural resources by replacing them with other industrial waste-derived raw materials.

Social Achievements

  • Various CSR initiatives impacting 43,538 beneficiaries.
  • Launched Medical Mobile Unit (MMU) offering free consultation and medicine.
  • Implemented Utsaah initiative for employee engagement and development.

Governance Achievements

  • Successfully completed Rights Issue of ₹448 Crore.
  • Successfully completed expansion project doubling clinker capacity and increasing cement production capacity.
  • Maintained high credit ratings (AA and A1+).

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2040.
Medium-term Goals:
  • Achieve 80% renewable energy by 2030.
  • Reach 20% TSR by 2030.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Market challenges due to global inflation and economic conditions.
  • Increased competition in the cement market.
  • Fluctuating raw material costs.
  • Environmental compliance requirements.
Mitigation Strategies
  • Cost optimization measures.
  • Judicious use of geo-mix and product-mix to optimize EBITDA.
  • Investment in technology and sustainable practices.
  • Implementation of robust internal control systems.

Supply Chain Management

Responsible Procurement
  • Preference for local and indigenous materials
  • Selection of suppliers adhering to stringent safety and environmental standards
  • Prioritization of green transportation methods

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products
  • Increased use of alternative fuels and raw materials

Reporting Standards

Frameworks Used: Integrated Reporting (IR) Principles, Business Responsibility and Sustainability Reporting (BRSR), GRI Standards 2021, International Integrated Reporting Council (IIRC)

Certifications: ISO 14001, ISO 45001, ISO 50001, ISO 9001, ISO 14064–1, ISO 14046

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 6 (Clean Water and Sanitation)
  • Goal 13 (Climate Action)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 3 (Good Health and Well-being)
  • Goal 4 (Quality Education)

Initiatives contribute to these goals through renewable energy adoption, water conservation, emission reduction, community development programs, and employee well-being programs.

Sustainable Products & Innovation

  • Platinum Heavy Duty Cement
  • Platinum Supremo Cement

Awards & Recognition

  • Fastest Growing Cement Company (Indian Cement Review Awards)
  • Energy Efficient Unit Award (CII)
  • Various awards for safety excellence, CSR, and HR