SBTi-aligned 1.5°C targets and Net Zero by 2050 Granules committed to SBTi science-based emissions reduction targets aligned with 1.5°C pathway: 42% absolute reduction in Scope 1+2 and Scope 3 by FY30 from FY23 baseline; Net Zero by 2050. Climate commitments submitted to SBTi for approval.
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Restated FY22-23 electricity consumption data The firm restated FY 22-23 electricity consumption data. Applied IPCC/DEFRA/CEA methodology consistently. CEA grid emission factor used: FY23 0.81 tCO2/MWh, FY24 0.716 tCO2/MWh.
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EPR registration with CPCB Received EPR registration certificate on December 26, 2023 from Central Pollution Control Board under EPR guidelines.
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Zero waste to landfill by FY30; 27% waste-to-landfill reduction by FY27 Circularity targets: zero waste to landfill by FY30; 27% reduction in waste to landfill by FY27; increase co-processing to 95% by FY26.
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Mapped actions with UN SDGs and committed to UNGC Conducted materiality assessment aligned with GRI and mapped actions with the United Nations Sustainable Development Goals (SDGs). Committed to UN Global Compact (UNGC).
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47.4% renewable electricity via rooftop solar, PPAs and I-RECs Granules has installed 320 KWp rooftop solar at Gagillapur (with another 660 KWp under commissioning), generating 359 MWh. Procured 6,528 MWh renewable electricity through PPA for Gagillapur and 33,000 MWh of I-RECs for Gagillapur and Bonthapally units. These initiatives raised renewable energy share to 47.4% of electricity mix in FY23-24. GIL-GGP alone achieved 17.98% renewable energy utilisation.
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Primary: Energy efficiency / Carbon Emission Reduction Measures (CERMs) Partnered with Siemens to identify CERMs. Implemented vacuum pump replacement (70,296 kWh saved), EC blowers (474,272 kWh), RT pump interlocks (28,244 kWh), VFDs, auto cut-off cooling fans, automatic chiller tube cleaning. Total annual energy savings of 915,945 kWh and INR 120.23 lakhs in cost savings across all units in FY23-24.
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Dependent: Supplier Sustainability Program / Scope 3 Cat 1 reduction Purchased goods & services dominate Scope 3 at 514,516 tCO2e (~81% of Scope 3). Launched Supplier Sustainability Program engaging key suppliers to disclose emissions, develop SBTi-aligned targets, share product carbon footprints, and adopt renewable energy. Target: strategic suppliers to set science-based targets by FY27. Supplier-specific method used for >80% of value chain Scope 3 calculation.
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Primary: Downstream distribution emissions (Scope 3 Cat 9) Downstream transportation contributes 24,827 tCO2e (FY24, up from 22,381 in FY23). Distance-based methodology applied. Part of value chain decarbonization roadmap focused on logistics optimization across 80+ export markets.
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Comprehensive Scope 3 inventorization across all 15 categories Conducted comprehensive Scope 3 assessment covering all material categories using supplier-specific method for >80% of value chain. Engaged with suppliers for primary data collection.
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