- Sustained slowdown in metros and Tier I cities have led to steep growth deceleration over the last two years
- The low-end plywood market is either not growing or declining over the last five years due to increasing shift happening from cheap plywood to MDF and other product due to better durability and declining price differential between the two, increase in face veneer prices post the Myanmar ban, higher working capital requirements, and implementation of GST & E-way bill
Greenply Industries Limited (GIL)
Greenhouse gas emissions & sustainability report data
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.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021-04 to 2022-03 | 21.6K tCO2e/year (Scope 1 & 2 combined) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Set up of subsidiary in Gabon (West Africa) for production of face veneers – capacity expanded to 96000 CBM for peeling of logs annually.
- Plantation of fast growing and improved species to improve quality of wood availability and plywood manufactured; actively involved in distribution of saplings to promote plantation in the vicinity of our manufacturing units.
🎯 Climate & Sustainability Targets
🔜 Short-term
- To increase the number of distributors and retailers going forward
- To improve mix of plywood through increase in mix of value-added products like Green Defender, Green Gold Prima and Decorative Veneers
- Continued investments in increasing brand visibility pan-India
- Maintain Ad spends at around 4% of Net Sales