Havells India Limited

Greenhouse gas emissions & sustainability report data

πŸ“Š Latest report period: 2023-04 to 2024-03πŸ—‚οΈ Report periods on file: 2023-04 to 2024-03, 2022-04 to 2023-03, 2021-04 to 2022-03, 2020-04 to 2021-03

In its 2023-04 to 2024-03 reporting, Havells India Limited disclosed greenhouse gas emissions of 146.1K MT (FY23-24). 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.

πŸ’¨
GHG Emissions
146.1K MT (FY23-24)
2023-04 to 2024-03
⚑
Renewable Energy
38% (power generation capacity)
of total energy
πŸ’§
Water Usage
283.05 ML (domestic)
2023-04 to 2024-03

πŸ“ˆ Emissions by Report Period

Report periodHeadline emissions figure reported
2023-04 to 2024-03146.1K MT (FY23-24)
2021-04 to 2022-038.1K tCO2e reduction in FY2022 (mitigated)
2020-04 to 2021-037.3K mtCO2eqv (Scope 1) + 68859 mtCO2eqv (Scope 2) + 5182 mtCO2eqv (Scope 3)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

βœ… Reported Environmental Achievements

🎯 Climate & Sustainability Targets

πŸ”œ Short-term

  • Increase share of women in the workforce to 17.6% by 2025-26
  • 100% paperless HR processes by 2024-25
  • Green building certification for all new buildings by 2024-25
  • Supplier ESG Program –Supplier selection through ESG assessment for all new vendors by 2024-25
  • Reduce fresh water consumption (domestic) by 25% by 2024

πŸ“… Medium-term

  • Achieve 100% renewable energy for all new warehouses by 2024-25 (as per feasibility)
  • Reduce annual net GHG emissions by 25% by 2030
  • Achieve 75% reduction in energy intensity (GJ/Cr) by 2025
  • Achieve 100% EV/Battery Operated vehicles for all manufacturing operations by 2025
  • Achieve 100% sustainable food waste management by 2025

πŸ”­ Long-term

  • Achieve 100% renewable energy by 2026
  • Become nature positive by 2025-26

🌱 ESG Focus Areas

EnvironmentalSocialGovernance

⚠️ Challenges & Risks +

  • High temperature at plant locations impacting operations and workforce well-being
  • Water unavailability impacting manufacturing processes
  • Potential risks of flooding and other force majeures due to climate change
  • Transition risks due to India's Net Zero target, including increased capital investment and potential carbon taxes
  • Risks related to product reclaim due to an unorganized value chain
  • Sustainable sourcing and vendor management risks leading to supply chain disruptions and reputational damage
  • Water stewardship risks including scarcity, quality issues, and regulatory compliance

πŸ“‹ Report Information

Reporting Period: 2023-04 to 2024-03
Assurance: Price Waterhouse & Co Chartered Accountants LLP, IndiaIntegrated Reporting Limited