Parag Milk Foods Limited
Parag Milk Foods Limited, a prominent player in the dairy industry, is headquartered in Maharashtra, India. Established in 1992, the company has grown to become a leading manufacturer of a diverse range of dairy products, including milk, cheese, butter, and yogurt. With a strong operational presence across various regions in India, Parag Milk Foods has carved a niche for itself through its commitment to quality and innovation. The company is renowned for its flagship brand, 'Pride of Cows', which offers premium, farm-fresh milk directly sourced from its own farms. Parag Milk Foods has achieved significant milestones, including the introduction of value-added products that cater to evolving consumer preferences. As a market leader, the company continues to set benchmarks in the dairy sector, focusing on sustainability and excellence in production practices.
DitchCarbon Score
How does Parag Milk Foods 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 Dairy Processing 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
Parag Milk Foods Limited's score of 6 is lower than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Parag Milk Foods Limited's reported carbon emissions
In 2024, Parag Milk Foods Limited reported total carbon emissions of approximately 115,254,000 kg CO2e for Scope 1 and about 34,979,000 kg CO2e for Scope 2. This represents a notable increase from 2023, where emissions were approximately 96,641,000 kg CO2e for Scope 1 and around 40,068,000 kg CO2e for Scope 2. The company has disclosed emissions data for both Scope 1 and Scope 2 but has not reported any Scope 3 emissions. Despite the increase in emissions, Parag Milk Foods Limited has not set specific reduction targets or initiatives as part of their climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets indicates that the company has not yet formalised a strategy for significant emissions reductions in line with global climate goals. The emissions intensity metrics for 2024 indicate that the total Scope 1 and Scope 2 emissions per rupee of turnover is approximately 4.8e-09 kg CO2e/INR, while the intensity in terms of physical output is about 0.26 kg CO2e/tonne. In 2023, these figures were approximately 6.7e-09 kg CO2e/INR and 0.28 kg CO2e/tonne, respectively, suggesting a slight improvement in emissions efficiency relative to revenue and output. Overall, while Parag Milk Foods Limited has made strides in emissions reporting, the lack of defined reduction targets highlights an area for potential growth in their climate strategy.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 96,641,000 | 000,000,000 |
| Scope 2 | 40,068,000 | 00,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Parag Milk Foods Limited is not participating in any 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.
