- Complexity of transitioning existing industries into cleaner and more sustainable alternatives
- Cost implications for implementing technological innovations
- Assessing and managing the sustainability practices of suppliers and mitigating environmental or associated social risks
- Data collection and reporting on ESG performance metrics across the organisation
Thermax Limited
Greenhouse gas emissions & sustainability report data
In its 2023-2024 reporting, Thermax Limited disclosed greenhouse gas emissions of 28.3K tCO2e (Scope 1 & 2). By scope: Scope 1: 15.0K tCO2e; Scope 2: 13.3K 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
28.3K tCO2e (Scope 1 & 2)
2023-2024
Water Usage
388.8K KL
2023-2024
Waste
16.5K MT
2023-2024
📊 Emissions by Scope (2023-2024)
| 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). | 15.0K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 13.3K tCO2e |
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 |
|---|---|
| 2023-2024 | 28.3K tCO2e (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
- 30.61% target achieved in FY 23-24 at Group level and 16% reduction achieved at Thermax Limited on a standalone basis in absolute carbon emissions compared to the base year of 2019.
- Successful procurement of renewable electricity for major manufacturing plants
- Installation of solar rooftop systems at critical locations like Solapur and Bhosari plants
- Strategic switch from natural gas to biomass fuel in the boiler at the Dahej plant
- Solapur plant achieves water positive certification with a water positive index of 6.59
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce absolute carbon emissions by 25% compared to 2019 by 2025
- Obtain Water Positive Certificate for one more manufacturing unit in FY 2024-25
🌱 ESG Focus Areas
Energy managementDesign upgradation & improvementsWaste managementClimate change-related risksWater managementEmission managementLocal employmentOccupational health & safetyTalent acquisition and retentionResponsible supply chain managementLabour management relationsDiversity & equal opportunityEthics & integrity