- Non-compliance with safety and environmental concerns by employees
- Non-awareness of hazardous nature of chemicals
- Customer dissatisfaction or loss due to unfulfilled expectations
- Business interruption due to natural calamities like earthquakes, cyclones, floods etc.
- Risk of confidential data leakage via cyber-attack, USB drives/flash drives
- Exposure of Company data because of work from home
FOSECO INDIA LIMITED
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, FOSECO INDIA LIMITED disclosed greenhouse gas emissions of 2.5K tCO2e/year (Scope 1) + 3092 tCO2e/year (Scope 2 neutralized). By scope: Scope 1: 2.5K tCO2e/year; Scope 2: 3.1K tCO2e/year; Scope 3: Currently Scope 3 emissions are not considered in the calculation of air emission.. 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
2.5K tCO2e/year (Scope 1) + 3092 tCO2e/year (Scope 2 neutralized)
2023
Renewable Energy
5.4%
of total energy
Water Usage
47.7K KL/year
2023
Waste
168.69 tons/year
2023
Energy Use
55.7K GJ/year
2023
📊 Emissions by Scope (2023)
| 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). | 2.5K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | Currently Scope 3 emissions are not considered in the calculation of air emission. |
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 | 2.5K tCO2e/year (Scope 1) + 3092 tCO2e/year (Scope 2 neutralized) |
| 2022 | 4.8K 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
- Reduced 52% of Overall CO2 emissions against target of 20% by 2025. - By green energy certification and Scope 1 reduction projects.
- Reduction in Solid waste: 74% over 2019 in 2023
- Use of Recycled raw materials are at 12.7% of total raw materials consumed in 2019
- Waste-water KPI is exempted as the waste water is treated in ETP followed by Reverse Osmosis and Ultra filtration and reused for green belt development. Part of treated waste-water is also recycled back into process hence the waste water generation is nullified.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduction by 20% of CO2 emissions by 2025 over 2019 baseline
- Reduction of 25% relative solid waste by 2025 over 2019
- Ensuring the percentage of recycled raw materials over raw materials above 7% by 2025 over 2019
- Reduction of 25% relative wastewater by 2025 over 2019
🔭 Long-term
- Net Zero Carbon by 2050
🌱 ESG Focus Areas
Health, safety, and environmentInnovationSustained performance & qualityDisaster recoveryData Security, Privacy and Cyber Security