Sustainability
Natural Capital
Our Natural Capital reflects our commitment to become Net Zero Emissions by 2045. Across our manufacturing locations and offices, we have been combining energy conservation practices with a shift towards renewable energy sources to build a more sustainable and resilient energy system that benefits both present and future generations. With these efforts, we are moving towards creating a cleaner, greener future for our planet.
In FY 2023-24, we continued to build on our emission reduction program under Project Prakriti and have now started baselining our Scope-3 emissions for all the material categories. Scope 3 encompasses indirect GHG emissions across our entire value chain, with a focus on upstream categories such as upstream transportation and the raw material footprint (Scope-3 emissions from purchased goods), which include emissions from our suppliers and their corresponding feedstocks, as well as downstream categories like downstream transportation and product use and disposal. This comprehensive approach will help us craft an emissions reduction roadmap across the value chain. Collaboration with key suppliers and service providers continues and reduction action plans are being further developed.
We have baselined our Scope 3 emissions for material categories in the reporting financial year. Above scope 3 emissions are calculated and extrapolated based on the results of the LCA study done for products contributing to 50% of revenue and 58% of the production volume. For Capital Goods, Employee Commute and Business Travel Scope 3 categories, the emissions have been calculated using spend-based and distance-based methods, respectively.
Natural Capital - Way forward
Scope 3 Emissions: We intend to gradually transition to calculating emissions using the most accurate methods, viz. actual supplier-specific data for Capital Goods and fuel-based emission calculations for Employee Commute and Business Travel and will update the emissions accordingly.
We are committed to continuously improving the accuracy and completeness of our scope 3 emissions reporting. As we enhance our data collection processes and engage further with our value chain partners, we will adopt more precise calculation methodologies to strengthen the disclosures.
Intellectual Capital
Stopping Use of Chemicals under REACH Guidelines
We have undertaken proactive studies and innovated to stop the use of chemicals suggested under REACH guidelines (REACH is a European Regulation and is an acronym for the Registration, Evaluation, Authorization and Restriction of Chemicals) in the coating process. This ensured that we have developed a safer formulation, which has since been commercialized, considering health benefits of the society.
Packaging Innovations
At Apari Global, we are committed to integrating sustainable packaging throughout our product range. Not only have we implemented initiatives to remain Plastic Waste Positive, but we have also adopted a strategic approach to consistently enhance our packaging, prioritising lightweight and eco-friendly solutions.
Our commitment to excellence is evident in our efforts to not only enhance the appeal of our product packaging but also to make it more user-friendly and environment-friendly while safeguarding the products cherished by our consumers.
Technology is also helping us indigenize packaging. During the year, we substituted a plastic cap that was being imported from Germany to be used on our beverage cartons. We successfully indigenized these caps with the help of state-of-the-art technology, which guaranteed quality with new-age IR cameras. This is in line with our "Make in India" endeavour and would also result in cost savings of Rs 15 crores annually.
Intellectual Capital - Way forward
Excellence in packaging through AI: In the realm of packaging innovation, the integration of artificial intelligence (AI) will revolutionize the way we develop sustainable packaging solutions. Apari Global plans to harness AI to create new bottle designs and product artwork. In this path, Apari Global is in the process of identifying the right third-party consultants to implement AI in packaging process. Through advanced simulations and predictive modeling, AI will help us evaluate various packaging configurations to minimize waste while maintaining product integrity and functionality.