Godrej submits Science Based Targets initiative for emission reduction
Mumbai: Godrej Industries Limited and Associate Companies (GILAC) has submitted greenhouse gas (GHG) emission reduction targets to the Science Based Targets initiative (SBTi) for validation. GILAC has evaluated the reductions required in our emissions (Scope I+II+III) across all group companies and has committed to reducing these emissions in line with the globally determined target determined by the SBTi standards committee.
SBTi's standards are the world's first science-based certification of companies' emissions reduction targets in line with the Paris Agreement's goal of keeping planetary warming to 1.5C. The targets provide a clear defined pathway for companies to reduce GHG emissions and help prevent the worst impacts of climate change.
GILAC will continue to reduce emissions by continuously upgrading to energy efficiency technologies and process, and increasing the use of clean energy by shifting from fossil fuels to renewable fuels, such as biomass, captive solar, rooftop solar, open access purchase, cogeneration and green storage. GILAC is also exploring low-energy water recovery systems and nature-based climate solutions for carbon capture.
In March 2022, GILAC sourced over 55% of its energy from renewables and has a target of achieving 70% renewables in energy mix by 2025. GILAC is also 50% scope 1 and 2 carbon neutral and aims to be 100% by 2025. By being a part of SBTi GILAC is furthering its ongoing commitment to reduce the environmental footprint of its operations.
Speaking about the commitment, Nadir Godrej, Chairman and Managing Director of Godrej Industries Limited, said, "We've taken bold, ambitious emissions reduction targets way back in 2010 and we've been reporting our emissions and progress to CDP for a decade. Committing to SBTi was the right next step for us. The commitment is in line with our ambition to reduce our GHG emissions beyond our own businesses and to cover our entire value chain."
Gayatri Divecha, Head - CSR and Sustainability, Godrej Industries Limited and Associate Companies, says, "Climate science is clear - going beyond 1.5C global warming will have catastrophic risks for our planet, people, businesses, and profitability. Our world is increasingly interconnected, and we can't escape this impact. Committing to Science Based Targets initiative (SBTi) is key to integrate environmental sustainability into the heart of our operations and it aligns with our ESG priorities of building a more equitable, inclusive and greener world."
