Renuka Sugars
Renuka Sugars, officially known as Shree Renuka Sugars Ltd., is a prominent player in the sugar industry, headquartered in India. Established in 1998, the company has grown to become one of the largest sugar producers in the country, with significant operations in Maharashtra and Karnataka. Renuka Sugars is renowned for its diverse range of products, including white sugar, raw sugar, and ethanol, which are distinguished by their high quality and sustainable production practices. The company has achieved notable milestones, such as expanding its production capacity and diversifying into renewable energy. With a strong market position, Renuka Sugars is committed to innovation and sustainability, making it a key contributor to the Indian sugar sector and a trusted name among consumers and businesses alike.
DitchCarbon Score
How does Renuka Sugars'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 Business Services 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
Renuka Sugars's score of 28 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Renuka Sugars's reported carbon emissions
In 2023, Renuka Sugars reported total carbon emissions of approximately 434,989,700 kg CO2e for Scope 1, 275,695,750 kg CO2e for Scope 2, and 1,254,830 kg CO2e for Scope 3. This reflects a significant increase in Scope 2 emissions compared to the previous year, while Scope 1 emissions remained constant. The total emissions for 2023 highlight the company's ongoing challenges in managing its carbon footprint. In 2024, emissions are projected to rise further, with Scope 1 emissions reaching approximately 1,395,711,400 kg CO2e, Scope 2 at 371,861,210 kg CO2e, and Scope 3 at 890,580 kg CO2e. This upward trend in emissions raises concerns about the company's climate commitments and sustainability practices. Despite the lack of specific reduction targets or initiatives disclosed, Renuka Sugars operates within the sugar and sugar confectionery industry, which is increasingly under pressure to adopt sustainable practices and reduce greenhouse gas emissions. The company has not publicly committed to any science-based targets or climate pledges, indicating a potential area for improvement in its environmental strategy. Overall, Renuka Sugars faces significant challenges in reducing its carbon emissions, particularly in Scope 2, and must consider implementing robust climate commitments to align with industry standards and stakeholder expectations.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 434,989,700 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 126,352,930 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000 | 000,000 |
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.
Renuka Sugars is not committed to any reduction initiatives 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.
