Our Approach
Reducing GHG emissions is a crucial aspect of our environmental stewardship and an integral part of our business strategy. Through our continuous efforts to enhance energy efficiency, we are committed to reducing our emissions. Our commitment to sustainability and emissions management remains unwavering as we strive to contribute to a greener future.
Performance
| Year | Scope 1 (tCO2e) | Scope 2 (tCO2e) | Scope 3 (tCO2e)* |
|---|---|---|---|
| Jan-Dec 2022 | 264 | 801 | - |
| Jan-Dec 2023 | 211 | 662 | - |
| Jan-Dec 2024 | 243 | 657 | 21 |
*We started measuring Scope 3 emissions in 2024, starting from the waste category. We will be increasing the coverage in the coming years.
Our Goals
Target Set:
ESPI commits to reducing scope 1 and scope 2 GHG emissions by 42% by 2030 from a 2021 base year, and to measure and reduce its scope 3 emissions. This target has been approved by the SBTi.
*Note: This target has been set for Espi Industries & Chemicals Private Limited and not for Deepti Formulations Private Limited.
Current State:
We have successfully achieved the SBTi 2023 GHG emission reduction target, and we are on the right track to achieve the final target of 2030.
| Year | Target Emission (tCO2e) | Actual Emission (tCO2e) |
|---|---|---|
| Jan-Dec 2021 | 1288 | 1273 |
| Jan-Dec 2022 | 1228 | 1065 |
| Jan-Dec 2023 | 1168 | 872 |
| Jan-Dec 2024 | 1108 | 900 |