Varroc Engineering Limited, a prominent player in the automotive sector, is headquartered in India and operates extensively across various regions. Founded in 1988, the company has established itself in the sale, maintenance, and repair of motor vehicles, along with a diverse range of motor vehicle parts, motorcycles, and accessories.
Varroc is renowned for its innovative approach to manufacturing high-quality components, including lighting systems, electricals, and exterior parts, which set it apart in a competitive market. With a strong commitment to sustainability and technological advancement, Varroc has achieved significant milestones, positioning itself as a trusted partner for leading automotive manufacturers globally. The company’s dedication to excellence and customer satisfaction has solidified its reputation as a key player in the automotive industry.
-11 vs industry average
Varroc Engineering Limited’s score of 26 is lower than 40% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Motor Vehicle Retail Services has below-average carbon intensity
Industry performance
The Motor Vehicle Retail Services industry has reduced its overall emissions by 30% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Varroc Engineering Limited's reported carbon emissions
Varroc Engineering Limited, an India-based company in the sale, maintenance, and repair of motor vehicles and their parts, has reported Scope 1 and Scope 2 emissions for recent fiscal years. For the fiscal year 2023-24, Varroc Engineering Limited reported approximately 7.22 million kg CO2e for Scope 1 emissions and approximately 132.94 million kg CO2e for Scope 2 emissions, resulting in combined Scope 1 and 2 emissions of about 140.16 million kg CO2e. This marks a slight increase from the previous year, with Scope 1 emissions at about 7.73 million kg CO2e and Scope 2 emissions at approximately 127.10 million kg CO2e in FY 2022-23, totalling around 134.82 million kg CO2e for Scope 1 and 2. In FY 2021-22, the company reported Scope 1 emissions of approximately 4.41 million kg CO2e and Scope 2 emissions of around 71.12 million kg CO2e. Varroc Engineering Limited has established a long-term ambition to achieve net-zero emissions by 2050, encompassing both Scope 1 and Scope 2 emissions. In pursuit of this goal, the company reported a reduction in Scope 1 emissions by 6.65% and Scope 2 emissions by 7.19% in FY 2023-24 compared to the 2022-23 baseline. Scope 3 emissions data is not yet disclosed.
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Varroc Engineering Limited’s Climate Goals (2030 & 2050)
4 goals2024
7.19% reduction in Scope 2
In FY 2023-24, we reduced our Scope 2 emissions by 7.19%, demonstrating our ongoing efforts to boost efficiency and integrate cleaner techno…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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