Kolkata, India: Godrej Industries Limited (Chemicals) has earned a coveted place on the leadership index in the CDP’s Climate Disclosure Index 2023. Our achievement is attributed to transparent target disclosures, robust governance structures, effective risk management strategies, and proactive measures taken to address climate change impacts. Notably, our exemplary disclosures on scope 3 emissions and climate change opportunities have earned us an “A-” rating in Climate Change disclosures.
CDP, a global non-profit environmental disclosure platform, assessed data from over 23,000 companies representing US $67 trillion in market capitalization in 2023. Companies’ environmental performance data undergoes independent evaluation using CDP’s rigorous scoring methodology.
Godrej Industries Limited (Chemicals) stands out as one of the select Indian companies featured in the leadership index. In recent years, we have spearheaded numerous initiatives towards achieving our environmental sustainability goals. Key initiatives undertaken in the previous fiscal year include:
- Complete mapping and monitoring of Scope 3 emissions
- Over 68% of energy sourced from renewables
- Reduced specific emissions per tonne of product by 66% since FY12
Beyond Climate Change, we have also submitted disclosures on Water Security and Forests, earning a “B” rating in water security and a “B-” rating in forests, surpassing the Asia and Chemicals sector average scores of “C” in both categories.
Mr. Nadir Godrej, Chairman and Managing Director of Godrej Industries Limited, expressed his delight, stating, “We are thrilled by Godrej Industries Limited (Chemicals)’s outstanding ratings from CDP. As we expand globally, minimizing the footprint of our products will significantly contribute to combating climate change. This recognition further motivates us to advance on our sustainability journey.”
Vishal Sharma, Chief Executive Officer of Godrej Industries Limited, emphasized, “Our commitment to sustainability is ingrained in our ethos, ensuring that our growth aligns with sustainable practices. This recognition reinforces our belief that thoughtful sustainable strategies can serve people, planet, and profit concurrently. Thanks to our dedicated teams, we continuously enhance our environmental performance, striving to set industry benchmarks.”
About Godrej Industries (Chemicals)
Godrej Industries (Chemicals) has been manufacturing oleochemicals in India since 1963. As one of India’s leading oleochemicals players, we produce and market over 100 chemicals for use in more than 24 applications. With state-of-the-art manufacturing facilities in Valia, Gujarat, and Ambernath, Maharashtra, our products are exported to over 80 countries across the globe.
In recent years, we have diversified our product portfolio to include value-added specialty products and have established research and development centers to drive innovation. Committed to sustainability, we integrate environmental considerations into our manufacturing processes and value chain, with recognized achievements in energy conservation.
As part of the Godrej Good & Green initiative, we are dedicated to building a more inclusive and greener India. Our focus on sustainability is evident through our targets for 2020 and our consistent recognition by industry bodies for our energy conservation efforts.
