The Phoenix Mills Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:23108.56 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:2.56 tCO2e/year
Scope 2 Emissions:23,106 tCO2e/year
Total Energy Consumption:32,543,458 KwH/year
Water Consumption:287,137 m3/year
Waste Generated:222.106 tons/year
Carbon Intensity:61 tCO2e/crore of turnover in FY2023
ESG Focus Areas
- Health, Safety, and Quality
- Human Capital
- Corporate Governance
- Green Building Design
Environmental Achievements
- Installed a Sewage Treatment Plant at Phoenix Palladium Mall, recycling approximately 69,585 kilolitres of water in FY2023.
Social Achievements
- 100% of permanent employees covered by health insurance; 100% return to work rate for permanent employees who took parental leave.
- Implemented a robust occupational health and safety management (OHS) system.
Governance Achievements
- Established a clear corporate governance framework; developed and adhered to a robust code of ethics and conduct.
Climate Goals & Targets
Environmental Challenges
- Risks related to failing to prioritize health, safety, and quality; neglecting employee development; inadequate corporate governance; potential legal violations, ethical misconduct, and mismanagement of resources.
Mitigation Strategies
- Developed comprehensive health and safety protocols; conducted regular inspections and maintenance; provided ongoing training; implemented quality control processes; offered professional development opportunities; promoted diversity and inclusion; established a clear corporate governance framework; developed and adhered to a robust code of ethics and conduct; enhanced transparency by regularly reporting on governance practices.
Supply Chain Management
Responsible Procurement
- Sustainable sourcing practices