- Geopolitical events posed new challenges for the overall economy with increased volatility in crude oil prices, depreciation of the rupee and constraints in global supply chains
- Economic conditions in international subsidiaries were under stress mainly due to liquidity and foreign exchange crises and restrictions on imports
- Climate Change: Global warming, unpredictability of the monsoon in India and change in rainfall pattern, water scarcity, Cybersecurity: Data loss/thefts, Domain-based threats, Website Non-Availability, New Competition: New competitors entering the market, Geopolitical: Geopolitical situations leading to disruptions, Financial: Volatility in exchange rates
Kansai Nerolac Paints Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, Kansai Nerolac Paints Limited disclosed greenhouse gas emissions of 50.9K tCO2e/year (Scope 1+2). By scope: Scope 1: 7.9K tCO2e/year; Scope 2: 43.1K tCO2e/year; Scope 3: 1.0M tCO2e/year (Mandatory) + 838374 tCO2e/year (Optional). 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
50.9K tCO2e/year (Scope 1+2)
2023-04 to 2024-03
Renewable Energy
49% of total energy use
of total energy
Water Usage
575.5K m3/year
2023-04 to 2024-03
Waste
9.3K tons/year
2023-04 to 2024-03
Energy Use
541.7K GJ/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). | 7.9K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 43.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.0M tCO2e/year (Mandatory) + 838374 tCO2e/year (Optional) |
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 | 50.9K tCO2e/year (Scope 1+2) |
| 2019-04 to 2020-03 | 47.7K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Became the first Indian paint company to receive approval on Near-Term Emission Reduction Targets from SBTi in line with 1.5°C trajectory
- Achieved water positive status in FY 2023-24
- Reduced Scope 1 & 2 emissions by 13% from baseline FY 2018-19
- Reduced Scope 3 intensity by 3% from baseline
- Recycled 12,068 MT of plastic waste as part of EPR
- Included 10% of recycled content in plastic PM in select products
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water footprint by increasing water efficiency, rainwater and recycled water consumption within operations
- Achieve water positive by FY 2024-25
📅 Medium-term
- Reducing Scope 1 & 2 emissions by 46.2% by 2030 from baseline FY 2018-19
- Minimising Scope 3 intensity by 55% by 2030 from baseline FY 2018-19
- Achieving 70% renewable electricity (RE 70) by 2030
🌱 ESG Focus Areas
DecarbonisationResource useQuality of lifeDiversityGovernance