- Lingering impact of retail inflation, particularly in rural markets leading to single-digit revenue growth.
- Macroeconomic challenges, inflation, and forex unavailability in key geographies impacting International Business.
- High competition in the home décor market.
- Challenges in the Bath industry with price reductions and commoditization.
- Supply chain disruptions due to geopolitical instability.
- US Dollar shortages in Egypt and Ethiopia.
- Liquidity crunch in Nepal impacting business.
- Counterfeit products posing a risk to revenue and brand reputation.
Asian Paints Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, Asian Paints Limited disclosed greenhouse gas emissions of 42.9K tCO2e/year (Scope 1 & 2). By scope: Scope 3: 33.2 Lakhs 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
42.9K tCO2e/year (Scope 1 & 2)
2023-04 to 2024-03
Renewable Energy
65.8%
of total energy
Water Usage
1.3K megalitres/year
2023-04 to 2024-03
Waste
9.8K MT non-hazardous 787 MT hazardous/year
2023-04 to 2024-03
Energy Use
608.3K GJ/year
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 33.2 Lakhs 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 | 42.9K tCO2e/year (Scope 1 & 2) |
| 2022-23 | 103.4K tCO2e/year (Scope 1 & 2 standalone) |
| 2022-04 to 2023-03 | 103.4K 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
- 45% Reduction of absolute Scope 1 and 2 GHG emissions compared with baseline (FY 2013-14)
- 65.8% Share of renewable electricity in total electricity consumed across paint manufacturing factories
- 36% Reduction in specific electricity consumption compared with baseline
- 387% Water replenishment
- 75% reduction in specific Scope 1 and Scope 2 emissions from the baseline year of 2013-14
- 77% reduction in specific hazardous waste disposal from FY 2013-14
- 54% reduction in specific non-process water consumption from FY 2013-14
- 80% reduction in specific effluent generation from FY 2013-14
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce specific (scope 1&2) emission per KL of finished product (Kg CO2e/KL) by 75% by 2025
- Reduce specific electricity consumption (KWh/KL) by 53% by 2025
- Achieve 75% renewable electricity share by 2025
- Reduce specific hazardous waste per KL of finished product (Kg/KL) by 83% by 2025
- Reduce specific non-hazardous waste per KL of finished product (Kg/KL) by 57% by 2025
📅 Medium-term
- Reduce specific (scope 1&2) emission per KL of finished product (Kg CO2e/KL) by 80% by 2030
- Reduce specific electricity consumption (KWh/KL) by 53% by 2030
- Achieve 100% renewable electricity share by 2030
- Reduce specific hazardous waste per KL of finished product (Kg/KL) by 83% by 2030
- Reduce specific non-hazardous waste per KL of finished product (Kg/KL) by 57% by 2030
🔭 Long-term
- Net zero emissions
🌱 ESG Focus Areas
Energy conservationWater neutralityProduct stewardshipNature positiveCommunity ownership, Customer celebrationsWater stewardshipEnergising, equitable & inclusive workplaceSafe workplaceWorld-class governanceEthics, transparency, quality and accountabilitySustainable supply chain management