Godrej Agrovet Limited, a prominent player in the agribusiness sector, is headquartered in India and operates extensively across various regions, including Maharashtra, Gujarat, and Punjab. Founded in 1991, the company has established itself as a leader in animal feed, crop protection, and oil palm cultivation, contributing significantly to India's agricultural landscape. With a diverse portfolio that includes high-quality animal feed, innovative crop protection solutions, and sustainable oil palm products, Godrej Agrovet stands out for its commitment to research and development. The company has achieved notable milestones, such as being one of the largest manufacturers of animal feed in India, reinforcing its market position. Through its focus on sustainability and quality, Godrej Agrovet continues to drive advancements in the agricultural industry, making a lasting impact on farmers and consumers alike.
How does Godrej Agrovet'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.
Mean score of companies in the Business 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.
Godrej Agrovet's score of 15 is lower than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Godrej Agrovet reported total greenhouse gas emissions of approximately 1,428,000 kg CO2e for Scope 1 and 41,714,000 kg CO2e for Scope 2, alongside a significant Scope 3 emission figure of about 1,203,523,000 kg CO2e. This reflects a commitment to transparency in their carbon footprint across all scopes of emissions. The company has set ambitious targets to reduce its greenhouse gas emissions. Godrej Agrovet aims to achieve a 37.5% reduction in absolute Scope 1 and 2 emissions by FY2035, using FY2020 as the baseline. Additionally, they are committed to a 16% reduction in absolute Scope 3 emissions, which encompass emissions from purchased goods and services, upstream transportation and distribution, and downstream transportation and distribution, also by FY2035. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to contribute to global efforts to limit temperature rise to well below 2°C. Godrej Agrovet's emissions intensity has shown a positive trend, decreasing from 28.0 tonnes CO2e per unit of revenue in 2022 to 27.0 tonnes CO2e in 2023, and further to 25.0 tonnes CO2e in 2024, indicating ongoing improvements in operational efficiency and sustainability practices. Overall, Godrej Agrovet's climate commitments reflect a proactive approach to managing their environmental impact and contributing to a more sustainable future in the agricultural production sector.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Godrej Agrovet is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.