Piramal Enterprises Limited Sustainability Profile
Piramal Enterprises Limited, a prominent player in the Indian conglomerate landscape, is headquartered in Mumbai, India. Founded in 1984, the company has established itself across diverse sectors, including pharmaceuticals, financial services, and real estate. With a strong presence in both domestic and international markets, Piramal operates in key regions such as North America, Europe, and Asia. The company is renowned for its innovative pharmaceutical products, particularly in the areas of drug development and manufacturing. Its financial services division offers a range of solutions, including structured finance and investment management, while its real estate segment focuses on residential and commercial projects. Piramal's commitment to quality and sustainability has earned it a notable position in the market, making it a trusted name in various industries.
DitchCarbon Score
How does Piramal Enterprises 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 Pharmaceutical Preparation Manufacturing 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
Piramal Enterprises Limited's score of 52 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Piramal Enterprises Limited's reported carbon emissions
In 2024, Piramal Enterprises Limited reported total carbon emissions of approximately 56230000 kg CO2e for Scope 1, 79415000 kg CO2e for Scope 2, and a significant 499659000 kg CO2e for Scope 3 emissions. The Scope 3 emissions include various categories, with the largest contributions from purchased goods and services (191060000 kg CO2e) and use of sold products (113702000 kg CO2e). In 2023, the company recorded similar emissions, with Scope 1 at about 55229000 kg CO2e, Scope 2 at 75494000 kg CO2e, and Scope 3 at 450639000 kg CO2e. The trend indicates a focus on managing emissions across all scopes, although specific reduction targets or initiatives were not disclosed. Piramal Enterprises has not set specific Science-Based Targets Initiative (SBTi) reduction targets or documented climate pledges. The company is actively engaged in emissions reporting and has disclosed emissions data for all three scopes, demonstrating transparency in its climate commitments. Overall, while the company has made strides in emissions disclosure, further commitments and reduction initiatives would enhance its climate strategy.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 40,881,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 86,928,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Piramal Enterprises Limited's Industry?
How Carbon Intensive is Piramal Enterprises Limited's Location?
Piramal Enterprises Limited's Scope 3 Categories Breakdown
Piramal Enterprises Limited's Scope 3 emissions, which increased by 11% last year and increased by approximately 5% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 79% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 38% of Scope 3 emissions.
Top Scope 3 Categories
Piramal Enterprises 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.
Piramal Enterprises 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.
