GlobalData offers a comprehensive analysis of Greenply Industries, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Greenply Industries‘s ESG performance. GlobalData’s company profile on Greenply Industries offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Greenply Industries, a leading manufacturer of plywood and other wood-based products, is committed to reduce its greenhouse gas (GHG) emissions. The company is actively taking steps to reduce its emissions across scope 1, scope 2, and scope 3 categories. In terms of carbon emissions, Greenply Industries reported a total of 3,854 metric tonnes of CO2 equivalent for scope 1 emissions and 10,060 metric tonnes of CO2 equivalent for scope 2 emissions in the fiscal year 2022-23. These figures represent a significant reduction compared to the previous year's emissions of 11,448 metric tonnes and 10,152 metric tonnes, respectively. The company's efforts to reduce emissions per rupee of turnover have also been successful, with a decrease from 0.16 metric tonnes of CO2 equivalent in FY 2021-22 to 0.02 metric tonnes in FY 2022-23.
Greenply Industries has implemented various measures. These include sustainable forest management and plantation activities to ensure responsible sourcing of raw materials and prevent deforestation. The company is also focused on reducing energy consumption and adopting renewable energy sources. Investments in technology interventions and plant optimizations have helped in reducing energy consumption, while the installation of renewable energy sources has increased the share of renewable-based electricity.
In terms of waste management, Greenply Industries has an integrated system in place for the safe disposal of plastics, e-waste, and hazardous waste. Plastic waste generated from packaging and product sales is quantified and disposed of through authorized vendors. The company also emphasizes the recycling and reusing of waste materials, such as wood waste and chemical waste, which are internally utilized for various purposes.
Overall, Greenply Industries is committed to reducing its carbon footprint and improving its environmental, social, and governance (ESG) performance. By implementing various emission reduction measures, the company aims to contribute to climate change mitigation and ensure sustainable operations.
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