Divi's Laboratories Limited

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Divi's reports ~23,267 GJ renewable electricity in FY2024-25 (up from 7,441 GJ in FY2023-24), representing <0.5% of total energy consumption. Initiatives are modest: replacing electrical garden lights with solar lights and arranging transparent roof-top sheets at manufacturing facilities. The 2030 goal is to 'rely on renewable energy sources to the extent possible, where applicable' - notably without a specific renewable percentage target. The vast majority of energy remains non-renewable (49,38,860 GJ of 49,62,127 GJ total).

The report does not disclose any investments in durable carbon removals (DAC, BECCS, biochar) or carbon offsets/credits retired. Decarbonisation focus is on operational efficiency (energy, water, waste reduction) and committing to SBTi targets. Tree plantation around manufacturing facilities is mentioned as a community/biodiversity initiative rather than a quantified removals strategy.

• Compressor and air dryer unit upgrades

  Replaced screw-type air compressors with centrifugal variants and conventional purge-type Air Dryer Units (ADUs) with Heat of Compression (HOC) ADUs, reducing emissions by ~3,170 TCO2e and contributing energy savings of ~16,090 GJ during FY2024-25.

• Steam condensate recovery and reuse

  Recovered and reused steam condensate water in boiler operations, resulting in ~280 TCO2e reduction and conserving ~11,970 KL of water. Replaced steam ejectors with dry vacuum pumps, leading to a reduction of ~380 TCO2e.

• Brine chilling system replacement (reciprocating → screw-type)

  Replaced reciprocating brine chilling systems with screw-type chilling plants, saving ~3,760 GJ of energy. Also optimised utility usage by replacing brine with reverse-treated water in heat exchangers, saving ~110 TCO2e.

• Green chemistry & solvent recovery

  Implemented process improvements guided by Principles of Green Chemistry to enhance recovery and reuse potential. Established dedicated solvent recovery stations for efficient solvent reuse. Recycled content of input materials: Toluene ~87.3%, Nitrobenzene ~92.6%.

• Sustainable procurement engagement with suppliers

  About 65.16% of purchases by value are sourced from vendors who embraced the Company's sustainable procurement policy. Assessment of value chain partners on health & safety, working conditions, and environmental impacts has commenced. Divi's encourages suppliers to adopt practices that minimise environmental impact across their supply chains.

• Hazardous waste co-processing at cement industries

  ~88% of hazardous waste is sent to cement industries and recyclers for co-processing and recycling, replacing fossil fuel use in cement kilns. Only ~12% is sent to landfilling and incineration. Organic/distillation bottom residues with calorific value are used as alternate fuel.