- Decline in selling prices affecting turnover.
- Geopolitical disturbances and the Red Sea crisis leading to higher freight costs.
- Headwinds in the Specialty Chemicals segment due to a temporary mismatch between input and output prices.
- Stringent regulations in key markets impacting production and export processes.
- Global economic slowdown potentially dampening demand.
IOL Chemicals and Pharmaceuticals Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, IOL Chemicals and Pharmaceuticals Limited disclosed greenhouse gas emissions of 175.3K tCO2e/year. By scope: Scope 1: 49.5K tCO2e/year; Scope 2: 6.2K tCO2e/year; Scope 3: 119.6K 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
175.3K tCO2e/year
2023-04 to 2024-03
Renewable Energy
81%
of total energy
Water Usage
245.1K KL/year
2023-04 to 2024-03
Waste
4.4K tons/year
2023-04 to 2024-03
Energy Use
2.4K TJ/year
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| 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). | 49.5K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 6.2K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 119.6K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 emissions by 3.91% against the baseline emissions of FY 2022-23.
- Achieved 81% renewable energy contribution.
- 100% Zero liquid discharge facility.
- 100% Water Neutral Facility.
- Reduced water consumption by 6.81% KL/ton of production (from 1.76 to 1.64).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce energy consumption by 10% within the next three years.
- Reduce energy losses by 5% by the end of the fiscal year.
- Retrofit 50% of existing equipment with energy-efficient alternatives within two years.
📅 Medium-term
- Increase the share of renewable energy to 25% within the next five years.
- Reduce Scope 1 emissions by 40% by 2035.
- Achieve Scope 2 emissions neutrality by 2026.
- Reduce Scope 3 emissions by 40% by 2035.
🌱 ESG Focus Areas
Climate ChangeWater ManagementWaste ManagementEmployee Well-beingCommunity InvestmentSupply Chain SustainabilityDiversity & Inclusion