Balu Forge Industries Limited Sustainability Profile
Balu Forge Industries Limited, often referred to as Balu Industries, is a prominent player in the manufacturing sector, headquartered in India. Established in 1975, the company has carved a niche in the automotive and engineering industries, specialising in precision forging and machining components. With a strong operational presence across various regions in India, Balu Industries has consistently delivered high-quality products that meet stringent industry standards. The company’s core offerings include a diverse range of forged components, catering to both domestic and international markets. Balu Forge Industries is recognised for its innovative approach and commitment to quality, which has solidified its position as a trusted supplier in the automotive sector. Notable achievements include significant partnerships and a robust export portfolio, reflecting its dedication to excellence and customer satisfaction.
DitchCarbon Score
How does Balu Forge Industries Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Balu Forge Industries Limited's score of 13 is lower than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Balu Forge Industries Limited's reported carbon emissions
In 2023, Balu Forge Industries Limited reported total carbon emissions of approximately 1,091,000 kg CO2e for Scope 1 and about 12,015,000 kg CO2e for Scope 2. This indicates a total of around 13,106,000 kg CO2e in direct and indirect emissions. The company has shown a commitment to monitoring its emissions, with a reported Scope 1 and 2 emission intensity of about 26,280 kg CO2e per employee. In 2022, the emissions were slightly lower, with Scope 1 emissions at approximately 768,000 kg CO2e and Scope 2 emissions at about 8,797,000 kg CO2e, resulting in a total of around 9,565,000 kg CO2e. This reflects a significant increase in emissions in 2023 compared to the previous year. Balu Forge Industries Limited has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company does not currently report on Scope 3 emissions, which encompass indirect emissions in the value chain. Overall, while Balu Forge Industries Limited is actively tracking its emissions, further transparency regarding reduction strategies and commitments would enhance its climate accountability.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 768,000 | 0,000,000 |
| Scope 2 | 8,797,000 | 00,000,000 |
| Scope 3 | - | - |
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Balu Forge Industries Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Balu Forge Industries Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
