Climate Change Data

Thirumalai Chemicals Limited

Climate Impact & Sustainability Data (2022-23, 2023-24)

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:163538 tCO2e (Scope 1 & 2)
Scope 1 Emissions:119683 tCO2e
Scope 2 Emissions:4395 tCO2e
Renewable Energy Share:Over 93% (Ranipet), Target 90% globally
Total Energy Consumption:804791 GJ
Water Consumption:528746 KL
Waste Generated:5248.2 metric tonnes

ESG Focus Areas

  • Energy efficiency
  • Waste reduction
  • Water conservation
  • Safety
  • Employee development
  • Community engagement
  • Environmental protection
  • Ethical business practices
  • Corporate governance

Environmental Achievements

  • Reduced energy consumption in Ranipet plant by over 93% through internal process waste heat recovery.
  • Achieved 95% reduction in water consumption.
  • Achieved Zero Liquid Discharge status.
  • Improved yield in main product (Phthalic Anhydride) by about 20%.

Social Achievements

  • Developed employee training program resulting in a highly skilled workforce.
  • Initiated and supported women's empowerment and rural healthcare projects through Thirumalai Charity Trust.
  • Maintained a good level of safety and health protection.

Governance Achievements

  • Stringent policies for ethical practices and compliance requirements.
  • Robust management framework aligning with NGRBC Principles.
  • Board and committees review implementation of policies and ensure good governance.

Climate Goals & Targets

Environmental Challenges

  • Health & Safety risks in chemical manufacturing.
  • Ethical practice challenges.
  • Carbon footprint reduction.
  • Regulatory compliance.
  • Product safety and quality.
  • Scope 3 emissions assessment.
Mitigation Strategies
  • Excellent safety culture and robust reporting system.
  • Stringent policies for ethical practices and compliance requirements.
  • Three-pronged energy savings approach (waste heat recovery, energy efficiency, innovation).
  • Strict adherence to regulations and compliance requirements.
  • Paramount importance to product safety and quality.
  • Plans to increase renewable energy usage and assess value chain in the next financial year.

Supply Chain Management

Supplier Audits: 93% (Tier 1 suppliers)

Responsible Procurement
  • Responsible Care Guidelines
  • SEDEX Members Ethical Trade Audit (SMETA)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 9001, ISO 14001, ISO 50001, HACCP, FSSC 22000, SMETA, Responsible Care

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:166216 Mt CO2e (Scope 3) + 101475 Mt CO2e (Scope 1&2)
Scope 1 Emissions:3050 Mt CO2e
Scope 2 Emissions:3989 Mt CO2e
Scope 3 Emissions:166216 Mt CO2e
Total Energy Consumption:493200 GJ
Water Consumption:741832 Kilo Litre
Waste Generated:5895.0 metric tonnes

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Operates as a zero liquid discharge company since 2006
  • Reduced fuel consumption significantly (Specific Fuel Oil Consumption (L/MT) from 100 in FY19 to 68 in FY24)
  • Reduced complex specific energy cost (Indexed to FY19 from 100 to 62 in FY24)
  • Reduced specific raw water consumption (Indexed to FY19 from 100 to 57 in FY24)

Social Achievements

  • Implemented a community health program impacting 30,000+ lives
  • Achieved 100% pass percentage in Class 10 and Class 12 board exams at Vedavalli Vidyalaya School
  • Received the 2023 ‘Excellence in Community Engagement’ Award

Governance Achievements

  • Established statutory committees to address key issues
  • Upholds global standards of corporate governance
  • Maintains a robust corporate governance framework

Climate Goals & Targets

Medium-term Goals:
  • Reduce water consumption by a further 10% by 2030
  • Reduce Scope 1 and 2 greenhouse gas (GHG) emissions by 25% by 2030
  • Reduce industrial waste by 10% by 2030

Environmental Challenges

  • Severe inflation in commodities and inputs due to the Ukraine war
  • High interest rates propelled by inflation
  • Logistics upset in the Red Sea affecting Indian industry and trading costs
  • Sharp volatility in commodity prices since 2021
  • Fluctuating commodity prices impacting business planning
  • Supply chain disruptions
  • Falling demand coupled with sharp inflation of input costs creating margin pressure
  • Inability to pass on logistics and input cost increases to customers
Mitigation Strategies
  • Improved efficiencies and maximised capacity utilisation
  • Driven down costs aggressively
  • Moved to alternate suppliers and markets
  • Implemented robust planning systems
  • Continuously invested in technologies and plant improvement
  • Tightened working capital
  • Intense training and development of staff
  • Significantly reduced operating and breakeven costs
  • Quick changes in marketing approach

Supply Chain Management

Responsible Procurement
  • Sustainable sourcing from reliable suppliers
  • Adherence to stringent standards in health, safety, human rights, integrity, and environmental protection

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Fumaric Acid from waste scrubber solution

Awards & Recognition

  • 2023 ‘Excellence in Community Engagement’ Award
  • Occupational Health, Safety, and Environment Awards 2023
  • Best Performance and Partnership Award from Chennai Port