Climate Change Data

Merino Industries Ltd.

Climate Impact & Sustainability Data (2021-2022)

Reporting Period: 2021-2022

Environmental Metrics

Total Carbon Emissions:3.27 tCO2e/INR Crore of Revenue (FY2022)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:70%
Total Energy Consumption:Not disclosed
Water Consumption:2.4 KL/ INR lac of Revenue (FY2022)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Energy Management
  • Water Management
  • Waste Management
  • Air Emissions Control
  • Soil Conservation
  • Sustainable Agriculture

Environmental Achievements

  • Reduced GHG emission intensity from 6.89 tCO2e/INR crore of revenue in FY2019 to 3.27 in FY2022.
  • Reduced water intensity from 4.2 KL/INR lac of revenue in FY2019 to 2.4 in FY2022.
  • 70% of total energy requirement fulfilled from renewable and green sources.
  • 9.43 MW solar system installed, generating 12.4 million kWh of electricity.
  • 15.8 million kWh of electrical energy generated annually from biomass.
  • Recycled or reused over 100,000 KL of water annually in Hapur.
  • Achieved almost 70% water neutrality by March 31, 2022.
  • Recycled and reused various wastes including paper, steel, aluminum, plastic, and plywood.

Social Achievements

  • Developed a model small dairy farm with improved key performance indicators.
  • Developed novel processes to create valuable products from potato and citrus peel waste.
  • Planted over 10,000 saplings across India.
  • Produced 200,000 kg of vermicompost annually.
  • Implemented sustainable agricultural practices on around 80 hectares of farming land.

Governance Achievements

  • Received a patent for a unique microbial consortium for rapid degradation of agricultural waste.
  • Collaborated with VNIT Nagpur on various sustainability initiatives.
  • Aligned with UN Sustainable Development Goals (SDGs).

Climate Goals & Targets

Long-term Goals:
  • IOT enablement of resource consumption measurement and monitoring by 2025.
Medium-term Goals:
  • Plant over 25 lakhs to 100 lakhs of saplings annually under Agro-forestry model.
Short-term Goals:
  • Become a net zero (Scope 1 and 2) organization by 2025.
  • Achieve ZLD at all units within 2 years.
  • Increase renewable energy contribution to 80% within one year.

Environmental Challenges

  • Reducing dependence on fossil fuels.
  • Meeting global standards in sustainability verification and certification.
  • Anticipating and complying with emerging statutory requirements.
Mitigation Strategies
  • Increased focus on renewable energy sources (biomass and solar).
  • Collaboration with VNIT Nagpur for expertise and assessment.
  • Proactive preparation for future regulations.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: ISO 14044:2006 (LCA), ISO 14064:2006 (GHG)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • 7: Affordable and Clean Energy
  • 6: Clean Water and Sanitation
  • 13: Climate Action
  • 15: Life on Land
  • 2: Zero Hunger
  • 8: Decent Work and Economic Growth

Merino's initiatives contribute to these goals through renewable energy adoption, water conservation, waste reduction, carbon sequestration, sustainable agriculture, and job creation.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed