Granules India

Granules India, a chemicals company based in India, is committed to reducing its greenhouse gas (GHG) emissions and achieving net-zero by 2050.

For the financial year 2025, the company reported a total of approximately 544.3 million kg CO2e. This figure comprises approximately 57.4 million kg CO2e from Scope 1 emissions and approximately 18.9 million kg CO2e from Scope 2 emissions (market-based). Scope 3 emissions accounted for the largest portion, totalling approximately 468.1 million kg CO2e, with purchased goods and services being a significant contributor.

In the financial year 2024, Granules India reported a total of approximately 726.7 million kg CO2e. Scope 1 emissions were approximately 56.3 million kg CO2e, Scope 2 emissions were approximately 56.3 million kg CO2e, and Scope 3 emissions were approximately 614.1 million kg CO2e.

The company has established ambitious climate targets:

• Near-Term Targets: Granules India aims to reduce absolute Scope 1, Scope 2, and Scope 3 GHG emissions by 42% by FY2030, using FY2023 as a baseline. This includes a commitment to increase the sourcing of renewable electricity to 100% by FY2030.
• Long-Term Targets: The company is committed to achieving net-zero GHG emissions across its value chain by FY2050, aligned with the Science Based Targets initiative's (SBTi) 1.5°C pathway. It also has a long-term target to reduce absolute Scope 1 and Scope 2 GHG emissions by 90% by FY2050 from the FY2023 baseline, and a commitment to reduce absolute Scope 3 GHG emissions by 90% within the same timeframe.

Granules India has also previously set near-term annual targets to reduce GHG intensity by 5% year-on-year for Scope 1 and Scope 2 emissions. Furthermore, there is a target for a 20% reduction in energy intensity by FY2026-27.