Climate Change Data

IRM Energy Limited

Climate Impact & Sustainability Data (2023-24)

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:9262.26 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:2631.13 tCO2e/year
Scope 2 Emissions:7309.17 tCO2e/year
Renewable Energy Share:37% (in Banaskantha GA region)
Total Energy Consumption:95,261.81 GJ/year
Water Consumption:3961 KL/year
Waste Generated:7.2 tons/year
Carbon Intensity:10.39 tCO2e/crore (Scope 1 & 2)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Implemented Automated Meter Reading (AMR) systems for all commercial customers, reducing manual effort for gas readings.
  • Installed a 3.123 MW (DC) solar power plant supplying electricity to 23 CNG stations.
  • Shifted from diesel-driven HCVs to CNG-driven HCVs for fleet operations, reducing emissions.
  • Installed two engine-driven CNG compressors using PNG as fuel instead of HSD, reducing emissions.

Social Achievements

  • 100% of employees trained on health and safety.
  • Implemented a comprehensive Code of Conduct for Board of Directors and Senior Management Personnel.
  • Established a Grievance Redressal procedure for employees.
  • Prioritized MSMEs for procurement of goods and services.

Governance Achievements

  • Board of Directors plays a crucial role in shaping the company’s sustainability strategy.
  • Established a Risk Management Committee (RMC) responsible for identifying and assessing internal and external risks.
  • Implemented anti-corruption and anti-bribery policy.

Climate Goals & Targets

Short-term Goals:
  • 100% employees to be trained on Health and safety in FY2024

Environmental Challenges

  • Pipeline integrity management to prevent accidents and ensure safe transportation of hazardous materials.
  • Regulatory compliance to safeguard public safety and environmental protection.
  • Environmental impact and sustainability, including emissions and habitat disruption.
  • Employee health and safety in the hazardous nature of gas distribution.
  • Emergency preparedness and response to potential accidents or natural disasters.
Mitigation Strategies
  • Routine inspections, maintenance protocols, and cutting-edge monitoring technologies for pipeline integrity.
  • Maintaining a legal register to monitor compliance requirements and ongoing education.
  • Minimizing damage to PNG pipelines through coordination with third-party excavation work and preventive maintenance.
  • Comprehensive HSE training, protective equipment, and developing a safety culture.
  • Updating emergency response plans and conducting drills.

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement
  • Prioritizing MSMEs for procurement.

Climate-Related Risks & Opportunities

Opportunities
  • Energy Transition