Climate Change Data

TVS Srichakra Limited

Climate Impact & Sustainability Data (2023-24)

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:154,736 tCO2e
Scope 1 Emissions:154,736 tCO2e
Scope 2 Emissions:27,049 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:74%
Total Energy Consumption:Not disclosed
Water Consumption:2,77,329 kilolitres
Waste Generated:7,138.14 tons
Carbon Intensity:0.0000066007 TCo2e/INR in FY2023-24

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Increased renewable energy consumption
  • Recycling of wastes
  • Reduced usage of fossil fuels
  • 31400 T of CO2 reduction due to increased renewable power consumption
  • Elimination of CO2 generation during steam generation in Uttarakhand plant by using 100% biomass fuel
  • Zero water pollution due to zero liquid discharge in Madurai plant

Social Achievements

  • Initiatives to align organisation structure and build organisational capabilities
  • Employee engagement programs

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Risk of non-achievement of financial goals because of exposure to concentrated business segments and geographies
  • Raw material and commodity pricing fluctuations
  • Lower market demand, stiff competition and inability to pass-on the input cost increases in full
  • Demand-Supply mismatch, global economic policy changes leading to surge in raw material prices and reducing company's contribution
Mitigation Strategies
  • Initiatives to expand business into a larger number of segments and geographies
  • Standardisation, more of commodity inputs that are locally available rather than speciality materials and cost competitive imports from FTA countries
  • Strategic sourcing of seasonal inputs and entering into long term contracts with key suppliers
  • Maximising domestic business share and on-boarding multiple vendors for each raw material
  • Maximising the use of renewable energy sources

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: Null

Certifications: IATF 16949, ISO 45001, ISO 14001, ISO 9001, ISO 50001

Third-party Assurance: NA

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Tyres with sustainable materials, recycled materials

Awards & Recognition

  • Not disclosed