- Geopolitical tensions, rising gold prices, sticky inflation, subdued consumer sentiments
- Disruptions in the supply chains due to geopolitical tensions
- Heightened competitive atmosphere in the jewellery landscape
- Challenges faced in sales in the EyeCare Division
- Volatility in consumer demand due to macroeconomic forces
- Rising input costs and the shifting landscape of traditional weaving communities
Titan Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023-24 reporting, Titan Company Limited disclosed greenhouse gas emissions of 100.7K tCO2e. 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
100.7K tCO2e
2023-24
Renewable Energy
60%
of total energy
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-24 | 100.7K tCO2e |
| 2022-23 | 84.2K tCO2e/year (Scope 1+2+3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 172.05 lakh units of renewable energy used helped reduce carbon emissions by 12,318.51 tCO2e.
- 80% of power requirement for Hosur factory is fulfilled through 2MW solar plant.
- Pant Nagar unit has recently installed 380KW rooftop solar, which contributes to more than 45% of power requirement.
- The Division has commissioned the Environmental friendly STP which has not only eliminated the use of electricity and chemicals, but also reduced carbon emission by 106 tonnes/Annum.
- Hosur facility has commissioned 1.4 crore litre Rainwater storage facility for the collection of rainwater, which can take care of 250 days of plant operation.
- Recycled 459 kg of acetate waste into 18,382 frames
- Manufactured 18,827 frames using castor seeds.
- 19.8 tonnes of lens cutting waste was sent to a nearby cement factory instead of sending them for incineration. Carbon emission reduction of 5 tonnes and saving of ₹1.4 lakh towards incineration charge has been achieved.
- Converted 25.9 tonnes of lens cutting waste into paver blocks, curb stones, and bricks.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reach revenues of USD 500 million and serve 500,000 international customers by Financial Year 2026-27
- To become India’s preferred women’s ethnic wear brand by the Financial Year 2026-27, expanding its presence with 180-200 stores
- Target increasing online sales to 40% of total sales in the next few years
- Achieve a topline revenue of ₹500 crore and cater to 6 million consumers by Financial Year 2026-27.
🔭 Long-term
- Become a carbon-neutral and water-neutral Company
🌱 ESG Focus Areas
Carbon, Emissions & EnergyWater ManagementWaste Management and Circular EconomyCorporate GovernanceSustainable Raw MaterialCustomer CentricitySustainability Practices of Suppliers