Kansai Nerolac Paints

Kansai Nerolac Paints, headquartered in India and operating within the "Other business services (74)" sector, has set ambitious climate commitments. For the financial year 2024, the company reported total GHG emissions of approximately 1.94 billion kg CO2e, comprising Scope 1 emissions of about 8.75 million kg CO2e, Scope 2 emissions of approximately 41.72 million kg CO2e, and Scope 3 emissions totalling around 1.89 billion kg CO2e. This represents a decrease from the prior year, when total emissions were approximately 1.93 billion kg CO2e.

In 2023, total emissions were approximately 1.93 billion kg CO2e, with Scope 1 at about 7.89 million kg CO2e, Scope 2 at approximately 43.05 million kg CO2e, and Scope 3 at about 1.87 billion kg CO2e.

Kansai Nerolac Paints has committed to significant emission reductions, aligning with Science Based Targets initiative (SBTi) standards. The company aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by FY2030, using FY2019 as a base year. Additionally, it targets a 55% reduction in Scope 3 GHG emissions per kilolitre of product sold by FY2030, also from a FY2019 baseline. These targets are recognised by SBTi as being consistent with keeping warming to 1.5°C. The company is reported to be on track for these near-term targets.