Therefore, we have set strategic goals and taken actions to achieve net zero carbon by 2040, underscoring our commitment to promote environmentally conscious business practices.
To achieve this, we have implemented several initiatives that promote energy conservation across our product development processes. Our efforts include enhancing fuel efficiency in our manufacturing facilities, optimizing electricity consumption at our offices, promoting the use of renewable and clean energy, and ensuring air emissions are below thresholds prescribed by regulatory bodies. Our initiatives align with our business goals and comply with all necessary environmental regulations and standards. We continually adopt modern and innovative technologies and sustainably upgrade our infrastructure to achieve energy efficiency across our operations.
energy saved resulting in reduction of GHG emissions in FY 2022-23
By 2030, we aim to decrease our Greenhouse Gas (GHG) Emissions (Scope 1 & 2) by 42% from the 2020 baseline. In the financial year 2022-2023, we utilized approximately 225.53 TJ of energy, out of which 11% was obtained from renewable sources such as solar and wind.
Our direct energy requirements are primarily fulfilled by on-site solar rooftop installations, diesel, natural gas, and LPG.
We have prioritized our energy management practices by adopting high-efficiency energy equipment to optimize consumption and eliminate energy wastage.
increase in direct renewable energy consumption in FY 2022-23 compared to FY 2020-21
The following table depicts our location wise energy consumption during the FY 2022-23
*(4 CPIL owned manufacturing plants)
# (4 CPIL owned manufacturing plants + Head Office)
The following table depicts our location wise energy consumption during the FY 2022-2323
The data for FY 2020-21 and FY 2021-22 has been corrected based on certain errors identified in the previous report.
Direct non-renewable energy consumption is 140% higher compared to the consumption previously reported
Total direct renewable energy consumption in FY 2022-23
Total energy consumption in FY 2022-23
Note: We have included our Head Office, Mumbai in this year's report to provide a more comprehensive overview of our sustainability performance, as a result of this change, year-onyear data is not directly comparable.
We have remained steadfast to achieving 'USGBC Leadership in Energy and Environmental Design (LEED) Certification' for all our new construction projects. Recently, two of our newest manufacturing facilities situated in Sri City , Andhra Pradesh, and Sanand, Gujarat, have successfully obtained the LEED - Gold Certification.
The United States Environmental Protection Agency (US EPA) has acknowledged our Sanand manufacturing facility for promoting energy efficiency by conferring upon it the Energy Star award. Furthermore, the facility is keeping up with Industry 4.0 requirements by embracing cutting edge technologies. We are continually striving for operational excellence by introducing Cobots, Digital Twins, Predictive Analytics, Automated & Digital Laboratories, and other advanced operations in accordance with the smart factory initiative.
CPIL has prioritized climate action as a significant area of focus under its ESG initiatives. Our aim is to achieve net zero carbon emissions by the year 2040, and our strategy to accomplish this is centered on reducing greenhouse gas (GHG) emissions from our operations.
However, in the fiscal year 2022-2023, we observed a 4% increase in our carbon emissions, reporting 35,138 tCO2 e, which can be attributed primarily to expanding our reporting boundary and monitoring of fugitive emissions caused by the use of refrigerants.
The table below illustrates the changes in our Scope 1 and 2 emissions, as well as our GHG intensity, over the last three years.
The table below illustrates the changes in our Scope 1 and 2 emissions, as well as our GHG intensity, over the last three years.
The data for FY 2020-21 and FY 2021-22 has been corrected based on certain errors identified in previous report.
Scope 1 emissions are 120% higher compared to the level of emissions previously reported
We strongly believe in taking responsibility for minimizing our emissions to ensure healthy air quality in the communities where we operate. To achieve this, we closely monitor our stack emissions, which include SOx, NOx, and particulate matter (PM). Moreover, we adhere to the Air Quality Standards established by the Central and/or State Pollution Control Boards to comply with regulatory requirements for ambient air quality.
We have installed advanced air pollution control equipment at all our manufacturing facilities and the head office to keep our emissions within the permissible limits. Besides monitoring GHG emissions, we also keep track of fugitive emissions that result from the use of refrigerants.
In the fiscal year 2022-2023, our consumption of CFC 11 eq. Ozone Depleting Substances (ODS) was 0.157 MT. We are planning to adopt the latest pollution control equipment to ensure higher energy efficiency and reduce fugitive emissions.
We are taking actions to reduce the negative impact on the ozone layer and the environment from our operations. We are well within the threshold of defined norms related to this.
Figure: ODS Substances consumed in FY 2022-2023
R 134 - Refrigeration systems with positive displacement compressors and direct evaporation. It is classified in safety class A1 according to ISO / ASHRAE
R 22 - Refrigerant that is often used in air- conditioning equipment
R32 - Refrigerant belongs to the HFC family of refrigerants. These hydrofluorocarbons do not contribute to depletion of the ozone layer.
