- Unseasonal rains disrupting sales during peak season
- Evolving consumer health preferences
- Integrating operations of newly acquired territories
- Regulatory risks related to consumer health, taxation, and packaging waste
Varun Beverages Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Varun Beverages Limited disclosed greenhouse gas emissions of 324.40 metric tonnes of CO2e/liter (2021). By scope: Scope 1: 42.9K metric tonnes of CO2 equivalent (2023); Scope 2: 210.4K metric tonnes of CO2 equivalent (2023); Scope 3: 581.9K metric tonnes of CO2 equivalent (2023). 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
324.40 metric tonnes of CO2e/liter (2021)
2023
Renewable Energy
44% (2023)
of total energy
Water Usage
6.39 Billion Liters (2023)
2023
Waste
175.3K metric tons of PET bottles (2023)
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). | 42.9K metric tonnes of CO2 equivalent (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 210.4K metric tonnes of CO2 equivalent (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 581.9K metric tonnes of CO2 equivalent (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced water usage ratio from 1.92x in 2020 to 1.54x in 2023 (9% improvement since 2022)
- Recycled 86% of total PET bottles consumed in 2023 (6 percentage points increase over 2022)
- Reduced carbon emissions per liter by 44% compared to 2020 (12% reduction over 2022)
- Generated ~58 Million Units of electricity through renewable sources (176% increase over 2022)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water usage ratio to 1.40x by 2025
- Achieve 100% recycling of used PET bottles by 2025
📅 Medium-term
- Reduce GHG emissions by 50% compared to 2020 by 2030
- Increase renewable energy share to 25% by 2030
🔭 Long-term
- Net-zero emissions
🌱 ESG Focus Areas
Environmental ProtectionInclusion & DiversityCommunityGovernance