Usha Martin

Usha Martin, a company in the furniture and other manufactured goods sector headquartered in India, has reported significant carbon emissions data for fiscal year 2024. In FY24, the company's total emissions, encompassing Scope 1, 2, and 3, amounted to approximately 451,784,000 kg CO2e. This figure includes approximately 187,662,000 kg CO2e for Scope 1, and approximately 21,106,000 kg CO2e for Scope 2. Scope 3 emissions were substantial, totalling approximately 243,016,000 kg CO2e, with purchased goods and services being a significant contributor at approximately 105,543,000 kg CO2e.

For fiscal year 2023, Usha Martin reported total emissions of approximately 374,525,000 kg CO2e. This comprised approximately 171,921,000 kg CO2e for Scope 1 and approximately 19,877,000 kg CO2e for Scope 2. Scope 3 emissions for FY23 were approximately 182,727,000 kg CO2e, with purchased goods and services accounting for approximately 92,406,000 kg CO2e.

Usha Martin has outlined ambitious climate commitments. The company aims for an approximate 50% reduction in greenhouse gas (GHG) emissions by FY31, based on a FY24 baseline. This target spans all scopes of emissions and is supported by a roadmap for implementation. Additionally, Usha Martin has a near-term target to reduce energy consumption by 10% by FY25, using FY23 as the baseline. This initiative specifically addresses Scope 2 emissions. The company's reporting indicates disclosure of Scope 1, 2, and 3 emissions, along with upstream categories for Scope 3.