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Working towards carbon neutrality is more than a promise.
It’s a way of life. At APAR, we’re not just tackling climate change with company-wide action, but also setting a new standard with products that address sustainability concerns. Explore how our divisions are addressing sustainability.
Our report includes:
- Governance: Details on our governance structure for managing climate-related risks and opportunities.
- Strategy: Insights into how climate change could impact our business strategy and financial planning.
- Risk Management: An overview of our processes for identifying, assessing, and managing climate-related risks.
- Metrics and Targets: Key metrics we use to evaluate climate-related risks and our targets for reducing greenhouse gas emissions.
“Publishing our TCFD report is a significant milestone for APAR,” mentioned by Suyash Saraogi, President Strategy & Projects. “It reflects our proactive approach to sustainability and our dedication to addressing the challenges posed by climate change. We believe that transparency in our climate-related practices not only supports our stakeholders but also strengthens our resilience as an organization.” The report is available for download on our website at www.apar.com under the Sustainability Section.
APAR is pleased to announce the publication of Business Responsibility and Sustainability Report (BRSR) for the FY 2023-24, reflecting its commitment to Environmental, Social, and Governance (ESG) principles.
This report outlines our initiatives and progress in promoting sustainable practices, enhancing stakeholder engagement, and fostering ethical governance. By transparently sharing our ESG performance, we aim to uphold our accountability to our stakeholders and contribute positively to society and the environment.
We invite you to explore our BRSR in the sustainability section of our website to gain insights into our journey towards responsible business practices and our vision for a sustainable future.
APAR is pleased to announce the successful completion of our CDP (Carbon Disclosure Project) disclosure for the period FY 2023-24.
This important milestone reflects our ongoing commitment to environmental transparency and sustainability. Our comprehensive report outlines our greenhouse gas emissions, progress towards our sustainability goals, climate-related risks and opportunities, and the strategies we are implementing to promote a greener future.
By sharing this information publicly, we aim to engage with stakeholders, foster accountability, and contribute to the global conversation on climate action.
APAR has installed 5.34 MWp of roof-top solar capacity and another 1.2 MWp capacity is under implementation. In addition, we have commissioned a wind-solar hybrid (3.30 MW wind-turbine and 2.80 MWp of solar energy) project in partnership with a leading supplier, which is providing approx. 13.5 million KWh of renewable energy annually. We will be commissioning another two similar capacity wind-solar hybrid projects by June 2025. We expect our share of renewable energy to go up to 25% for the year 2025-26. This will enable a saving of approx. 34,000 tCO2e per annum at current grid emission factor.
APAR has been awarded a ‘B’ score in its climate related full-version disclosure by CDP. CDP is a global non-profit organization that runs the world’s leading environmental disclosure platform. CDP has 4 categories and 9 tier of scoring structure, namely: Leadership category (A, A-); Management category (B, B-); Awareness category (C, C-); Disclosure category (D, D-); and Fail (F).
APAR’s data will be added to the most comprehensive inventory of self-reported environmental data in the world – helping to drive action through greater transparency. By disclosing through CDP, APAR is prepared to respond to the increasing demand for environmental transparency from financial institutions, customers and policymakers. In its disclosure, APAR shared information on climate related risks and opportunities, energy saving and GHG emission reduction initiatives and Scope-1, Scope-2 and Scope-3 emissions.
EcoVadis awards Silver medal status to top 25% companies which are assessed.
This recognition highlights APAR’s ongoing efforts towards sustainable business practices and the company’s efforts to foster positive environmental and social changes. ‘We are delighted to attain Silver Status on the EcoVadis platform. It is a testament to our ongoing commitment to long-term sustainable growth,’ said Mr. Kushal Desai, Chairman and Managing Director at APAR. ‘ESG principles are embedded in our vision as we recognize the vital role businesses play in creating a more sustainable future.’
It is to be noted that APAR had recently published its ESG report for FY 2022-23 on its website, which can be accessed at https://apar.com/wp-content/uploads/2023/10/APAR_ESG_Report_FY_2022_23.pdf.
In addition to the EcoVadis framework assessment, APAR had also made voluntary disclosure of its full-version Climate related emissions to CDP for the year ending 31st March 2023, and published its first BRSR (Business Responsibility and Sustainability Report) disclosure as part of its Annual Report FY 2022-23.
- (1) Financial Capital(2) Manufacturing Capital(3) Intellectual Capital(4) Natural Capital(5) Human Capital, and(6) Social Capital
90,490 tCO2e GHG emission during FY 2021-22
Due to various measures taken by APAR, the absolute GHG emission in FY 21-22 reduced by 3%, despite overall increase in production.We have been working consistently towards lowering our carbon footprint through various initiatives. We follow the GHG Protocol for measuring our GHG emission. Currently we are measuring, managing and disclosing our scope 1 and scope 2 emissions.We have implementation several GHG reduction projects and many more are under implementation. Some of the examples are :(1) Focus on electrification (shifting away from fossil-fuel based energy)(2) Increasing share of RE (Renewable Energy) through roof-top solar installations. In addition, work on procurement of wind-solar hybrid energy is at advanced stage.(3) Increasing productivity using various measures such as initiation of Industry 4.0, Six Sigma etc.(4) Initiation of detailed energy audit – we had identified 80 projects for GHG emission reduction since Apr 2021, and most of these projects have now been implemented. In order to identify more potential high impact projects, we have initiated detailed Energy Audit at few of our facilities.As a responsible corporate, we are aware of the risks that climate change presents to our business, society and the planet, and the necessity to reduce Green House Gas (GHG) emissions across our value chains for a greener future.
As we proactively implement mitigation measures to address our emissions, we recognize that the bulk of our emissions stem from our value chains. Thus, to achieve this ambitious target of limiting global temperature rise to 1.5°C above pre-industrial levels, we engage our stakeholders including our suppliers to manage and reduce GHG emissions beyond our factory.
Towards the above, APAR has started engaging with its vendor partners througha)series of regular online webinars,b)sharing and implementing the APAR’s Supplier Code of Conduct, andc)assessing the readiness of vendor partners on Environmental and Social parameters.We will keep on working with vendor partners to collectively do our bit to tackle climate change, and secure a liveable planet for future generations.APAR is 1st Company in India to release Environment Product Declaration and Certification (EDP) for AL59 Conductors – a Low Carbon Emission Products.
As the world’s largest aluminium and alloy manufacturer, APAR is committed to step up and deliver best quality product with excellent customer services. With the growing global environmental issues, we have taken an initiative to address carbon emissions of our conductors. Towards this we have successfully published “Environment Product Declarations” on “EPD HUB” for AL 59 Conductors.An Environmental Product Declaration, or EPD, is a document which transparently communicates the carbon emission through entire life cycle of a product. The report covers carbon footprint computation, verification, validation and certification over its lifetime by EPD Hub on of AL 59 conductor as per EN 15804 +A 2 ISO 14025 ISO 21930 standards.
Reporting on Sustainability is one of the communication channel that APAR uses to inform its stakeholders about its sustainability ambitions, initiatives and progress on various parameters.
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