Parag Milk Foods Limited Sustainability Profile
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 0 is lower than 97% 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 2023, Parag Milk Foods Limited reported total carbon emissions of approximately 150,943,000 kg CO2e, comprising 115,254,000 kg CO2e from Scope 1 and 34,979,000 kg CO2e from Scope 2. This data highlights the company's direct and indirect emissions associated with its operations in India. For 2022, the company recorded a total of about 136,109,000 kg CO2e, with 96,641,000 kg CO2e from Scope 1 and 40,068,000 kg CO2e from Scope 2. This indicates a slight increase in emissions year-on-year, which may warrant further investigation into operational efficiencies and sustainability practices. Parag Milk Foods has not disclosed any specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of such targets suggests that while the company is aware of its emissions, it may not yet have formalised a strategy for significant reductions. The company’s emissions intensity metrics indicate that in 2023, the total Scope 1 and Scope 2 emissions per rupee of turnover was approximately 6.7e-09 kg CO2e, and the emission intensity in terms of physical output was about 0.28 tonnes CO2e. These figures provide insight into the efficiency of their operations relative to revenue and production output. Overall, while Parag Milk Foods Limited has made strides in tracking its emissions, the lack of formal reduction targets may limit its ability to demonstrate leadership in climate action within the dairy industry.
How Carbon Intensive is Parag Milk Foods Limited's Industry?
How Carbon Intensive is Parag Milk Foods Limited's Location?
Parag Milk Foods 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.
Parag Milk Foods 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.
