- Physical risks due to climate change can cause disruptions for business operations. Climate change related transition risks can shift the market dynamics for certain sectors affecting the asset value. Increased regulatory requirements may result in higher compliance requirements.
- Occupational Health and Safety is of paramount importance to Polycab, given the potential risks associated with our labour-intensive manufacturing operations. Machinery breakdowns and human negligence can lead to health issues and injuries, posing a substantial risk.
- Water availability and quality are crucial for Polycab’s operations. Water scarcity risks disruptions, supply chain challenges, rising costs, and health/safety issues for employees and communities. Competing for water resources with local communities jeopardises our social license to operate.
- Being a manufacturing companies, proper waste handling and disposal are crucial to protect the environment, ensure safety, and avoid penalties. Inappropriate waste management practices can result in fines, litigation risks, and operational disruptions due to non-compliance.
- Polycab acknowledges the increasing demand from investors, customers, and regulators to address ESG risks in supply chains. Neglecting sustainable supply chain practices exposes companies to risks like labour disruptions, health and safety incidents, human rights issues, and raw material shortages.
- As a manufacturing organisation, compliance with labour management and labour laws is critical. Human rights represent a risk for Polycab due to its labour-intensive operations. Potential occurrences of human rights violations or failure to comply with statutory regulations can result in adverse financial and reputational consequences.
Polycab India Limited
Greenhouse gas emissions & sustainability report data
In its 2023-24 reporting, Polycab India Limited disclosed greenhouse gas emissions of 177.5K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 22.6K tCO2e/year; Scope 2: 156.9K 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
177.5K tCO2e/year (Scope 1 & 2)
2023-24
Water Usage
264.0K m3/year
2023-24
Waste
17.3K tons/year
2023-24
Energy Use
1.2M MWh/year
2023-24
📊 Emissions by Scope (2023-24)
| 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). | 22.6K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 156.9K 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 |
|---|---|
| 2023-24 | 177.5K tCO2e/year (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
- Installed a 0.72 MW solar rooftop system in Daman
- Achieved reduction in overall energy consumption through the implementation of solar power
- Executed modifications to compressors in machinery, resulting in substantial energy savings of 1,075,000 kWh
- 83.7% of input material sourced sustainably
- Recycled 7,380 metric tonnes of waste
🌱 ESG Focus Areas
Climate Change and EnergyClimate Action/Climate ChangeHealth and safetyInnovationWater ManagementWaste ManagementDiversity and InclusionResponsible Supply ChainLabour ManagementProduct StewardshipEmployee training and development