Ipca 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.

The Company has invested ₹161.06 crores in solar/wind renewable energy power plants at Solapur (Maharashtra), Patan (Gujarat), Khandwa (M.P.) and Athal (Silvassa) with total capacity of 36.57 MW. During FY24-25, these plants generated 319.81 lakh power units used for Company's manufacturing/R&D facilities. Approximately 10% of the Company's electricity requirement is supported by captive solar including a 20 MW solar plant at Khandwa, MP. Plans are underway via MOA amendment to expand captive power generation including solar, wind, hydro and geothermal sources. Renewable energy share improved from 8.05% in FY23-24 to 12.7% of total energy in FY24-25.

The Company does not currently disclose any carbon removals (DAC, BECCS, biochar, afforestation) or offset retirement programme. Mitigation strategy is focused on operational decarbonisation (renewable PPAs, fuel switching to biomass and natural gas, energy efficiency) rather than removals or offsets. Backward integration via napier grass cultivation for boiler pellet fuel is mentioned but classified as biomass fuel switching rather than as carbon removals.

• Energy efficiency: chillers, VFDs, LED, motor upgrades

  Multiple energy conservation initiatives including improved chiller/brine plant efficiency, VFDs on higher HP pumps, LED lighting upgrade, replacement of old motors with energy-efficient ones, motion sensors, replacement of reciprocating air compressors with energy-efficient ones, replacement of manual fired boiler with Petcock fired boilers, compressed air leakage plugging, plate heat exchangers for hot water, thermo conductive liquid for chillers, switchover from WHAP to screw chillers, and RECO system on boilers saving 9-10% fuel.

• Zero Liquid Discharge and water recycling at 15 of 17 plants

  ZLD mechanism implemented at 15 of 17 manufacturing plants using RO/MEE/ATFD/DAF/MVRE technologies. At 10 plants, ETP recycled water is used in utilities and STP treated water for gardening. Rain water harvesting and condensate recovery reduce freshwater demand. Reduces both water footprint and embedded energy of water treatment/discharge.

• Fuel switching: biomass and piped natural gas replacing furnace oil & coal

  Implemented fuel switch from furnace oil to biomass pellets at Athal (annual reduction of 4,037 tCO2) and from Light Diesel Oil to natural gas at Piparia (275 tCO2/year). Strategy includes shifting to piped natural gas in place of furnace oil and to biomass/briquette fuel in place of coal across operations. Backward integration into napier grass cultivation for in-house pellet manufacturing supports biomass fuel sourcing.

• Captive renewable electricity generation (36.57 MW solar/wind)

  Owned-and-operated renewable energy projects totalling 36.57 MW across Solapur, Patan, Khandwa and Athal supply roughly 10% of the Company's electricity needs. Plans to expand captive solar capacity following MOA amendment authorising power generation as a business activity.

• Sustainable procurement of critical suppliers

  Self-Assessment Questionnaire floated to critical Raw Material (RM) and Packaging Material (PM) suppliers to evaluate compliance with the Sustainable Procurement Policy, with target of 100% critical supplier compliance by 2030. Signed acknowledgment copies of Supplier Code of Conduct being collected. About 29% of inputs sourced from MSMEs/small producers and 79% from within India, supporting localised low-emission supply chain.

• Hazardous waste co-processing in cement kilns

  Larger quantity of hazardous waste is sent to cement plants for co-processing (substitutes fossil fuel and raw materials in cement production), reducing both upstream and downstream emissions. Target to dispose 35% of hazardous waste through co-processing by 2030; current rate 19%. Plastic waste fully recycled (1,339 MT); e-waste and battery waste routed to authorised recyclers.