GlobalData offers a comprehensive analysis of EID Parry (India), providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on EID Parry (India)’s ESG performance. GlobalData’s company profile on EID Parry (India) offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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EID Parry's (India) ESG targets revolve around the reduction of GHG emissions by phasing out coal consumption, adopting energy-efficient operations, and integrating renewable energy sources to lessen reliance on grid electricity. The company is committed to adopting sustainable farming practices and supporting farmers in building resilience to climate change and water stress. Efforts are underway to enhance its water-positive status through improved effluent recycling and rainwater harvesting initiatives. EID Parry has also signed an agreement with the International Finance Corporation to promote low-carbon interventions and smart farm technologies among smallholder farmers.
In 2022, the company reported its scope 1 emissions amounted to 223,946.89 metric tonnes of CO2e and scope 2 emissions amounted to 12,529.08 metric tonnes of CO2e. The company has taken several steps to reduce its emissions and achieve its targets. These include sustainable sourcing of sugarcane, manufacturing low GI sugar and healthy sweetener options, increasing distillery capacity for ethanol blending, and developing value-based products from bagasse. EID Parry is also focused on resource optimization and reducing greenhouse gas emissions in scope 2. The company has implemented initiatives such as enhancing the efficiency of CPU by improving tertiary treatment and utilizing renewable energy sources.
In terms of its corporate social responsibility (CSR) projects, EID Parry has made significant contributions to various communities. These include providing healthcare support, supporting education, renovating classrooms, and contributing to the construction of infrastructure such as RO plants and solar street lights. The company has also focused on supporting vulnerable and marginalized groups in these projects.
While specific data on current carbon emissions and trends compared to the previous year are not provided in the excerpts, EID Parry is actively working towards reducing its environmental impact. The company is committed to sustainable practices, waste management, and responsible usage of resources. It is also exploring opportunities for independent assessment and evaluation of its emissions and environmental initiatives.
In conclusion, EID Parry (India) is dedicated to achieving its targets and reducing its carbon emissions. The company is taking steps to implement sustainable farming practices, optimize resources, and support communities through its CSR projects. With its focus on innovation and collaboration, EID Parry is working towards a more sustainable and environmentally responsible future.
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