UPL Limited

UPL Limited, headquartered in India and operating in the Chemical and fertilizer minerals, salt and other mining and quarrying products n.e.c. industry, has disclosed its carbon emissions and climate commitments.

For the most recent reported year, 2025, UPL Limited's emissions were approximately:

• Scope 1: 670,011,000 kg CO2e
• Scope 2: 168,258,000 kg CO2e
• Scope 3: 3,528,092,000 kg CO2e

In 2024, the company reported approximately 665,867,000 kg CO2e for Scope 1 emissions, 158,377,000 kg CO2e for Scope 2 emissions, and 3,550,511,000 kg CO2e for Scope 3 emissions. In 2023, Scope 1 emissions were approximately 787,994,000 kg CO2e, Scope 2 were approximately 240,118,000 kg CO2e, and Scope 3 emissions were approximately 3,717,575,000 kg CO2e.

UPL Limited has set several climate targets:

• Net-Zero and Carbon Neutrality: The company aims to achieve net-zero emissions for Scope 1 and Scope 2 by 2025, and carbon neutrality for Scope 1 and Scope 2 by 2030 (based on a 2023 start year). A longer-term goal is to achieve carbon neutrality for Scope 1 and Scope 2 by 2040 and net-zero emissions by 2050.
• Absolute Reduction Targets:
  • A 25% absolute reduction in Scope 1 and Scope 2 CO2 emissions by FY 2025, against a FY 2020 baseline.
  • A 30% absolute reduction in Scope 1 emissions from a 2020 baseline by 2030.
  • A 30% absolute reduction in Scope 2 emissions from a 2020 baseline by 2030.
  • A long-term target of 37.5% absolute reduction in Scope 1 and Scope 2 GHG emissions by FY2034 from a FY2019 base year, as part of their SBTi commitment.
• Intensity Reduction Targets:
  • A 25% reduction in specific CO2 emission for Scope 1 and Scope 2 between 2019 and 2025.
  • A 25% reduction in Scope 1 GHG intensity (Kg of CO2eq./MT) by 2025, with a FY 2020 baseline.
  • An ambitious 62% physical intensity reduction in Scope 1 and Scope 2 emissions by 2035, against a FY 2020 baseline.
  • UPL Limited commits to reduce Scope 1 and Scope 2 GHG emissions by 63.12% per tonne of agrochemical by FY2034 from a FY2019 base year.
  • UPL Limited also commits to reduce Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, and upstream transportation & distribution by 42% per tonne of agrochemical within the same timeframe (FY2019 to FY2034).
• SBTi Targets: UPL Limited's targets have been set and are classified as consistent with reductions required to keep warming to "Well-below 2°C" by the Science Based Targets initiative (SBTi). These include a commitment to reduce Scope 1 and Scope 2 GHG emissions by 63.12% per tonne of agrochemical by FY2034 from a FY2019 base year, and Scope 3 GHG emissions (from purchased goods and services, fuel and energy-related activities, and upstream transportation & distribution) by 42% per tonne of agrochemical within the same timeframe.
• Climate Pledge: UPL Limited signed The Climate Pledge on 4th September 2021.