- Strong pricing pressure from customers & competitors
- Consistent increase in power cost
- Rapid increase in minimum wages
- High cost for new machinery & technology
- Timely raw material availability and pricing
- Fluctuations in demand forecasting by the automobile sector
- Occasional Supply chain disruptions
- Regulatory Risk
- Attrition of employees
- Evolving nature of compliances prescribed by the Government
IFB Industries Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, IFB Industries Limited disclosed greenhouse gas emissions of 26.5K tCO2e/year. By scope: Scope 1: 6.0K tCO2e/year; Scope 2: 20.6K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
26.5K tCO2e/year
2023-04 to 2024-03
Renewable Energy
26%
of total energy
Water Usage
118.6K m3/year
2023-04 to 2024-03
Waste
22.7K tons/year
2023-04 to 2024-03
Energy Use
161.3K MWh/year
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 6.0K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 20.6K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 26.5K tCO2e/year |
| 2022-04 to 2023-03 | 9.8K tCO2e/year (Scope 1+2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Utilized 3836 MWh electrical units generated by solar panel systems installed at Goa factories
- Utilized 12260.74 MWh electrical units generated from solar energy & Wind Energy at Malur factory (86% renewable energy)
- Reduced baking temperature requirement from 210°C to 190°C in AC plant, reducing fuel consumption by ~10%
- Installed variable frequency drive covering 90% of machineries and equipments, saving on power consumption
- Goa factories implemented press automation, saving a minimum of 10% energy consumption per component
- Implemented Xeros Technology in commercial washer extractors, reducing water, chemicals, and electricity consumption and increasing fabric life
🎯 Climate & Sustainability Targets
📅 Medium-term
- 3x Revenue growth in three years (Engineering Division)
🌱 ESG Focus Areas
Climate ChangeHealth and SafetyWater ScarcitySustainable Product DevelopmentCircular Economy and Waste ManagementDiversity and Inclusion