News Update/ Press Release
Sustainability Impact Report 2021- Ability, Responsibility and Sustainability
Hyderabad, 05th Aug 2021: Visaka Industries Limited published its first Business Sustainability Report titled ‘Ability, Responsibility, Sustainability.’ The report has been prepared in accordance with the Global Reporting Initiative (GRI) and is also aligned with the UN Sustainable Development Goals (UNSDGs). The Sustainability Report was assured by Sustain Labs Paris, an enterprise based in India, France, and New Zealand that partners with organizations to make them more environmentally and socially responsible as well as profitable.
- Reduction in energy consumption and CO2 emissions
Energy conservation for Vnext products increased from 37,93,263 units in 2017-18 to 38,83,428 units in 2020-21. This has been possible due to the increase in renewable energy sourcing (37,93,263 units in 2017-18 to 38,83,428 units in 2020-21) and the installation of energy meters and net metering to monitor and further reduce energy consumption. The total electricity consumption decreased from 2,07,69,930 units in 2017-18 to 1,97,12,435 units in 2020-21, which amounted to a reduction of 10,57,495 Kgs of CO2 emissions. At Visaka’s Cement roofing sheets division, the energy consumed per unit of production has decreased from 28 units to 27.5 units largely due to the use of energy efficient motors, controlling idle running of equipment using interlocking systems, and LED lights.
- Higher material usage efficiency across Vnext division
Vnext Fibre Cement Boards and Cement roofing sheets divisions have reported a reduction in the volume of renewable and non-renewable material used in their production processes over the last two years. Vnext has also reported a healthy increase in the proportion of renewable materials used in production vis-a-vis non-renewable materials. Visaka increased its material usage efficiency by increasing the use of fly ash in its production of Vnext fibre cement boards. Visaka Industries has reduced approximately 0.8Kg of CO2 production for every Kg of cement replaced with fly ash. Vnext fibre cement boards have saved around 90,000 tons of CO2 emissions till now.
- ATUM: 7.66 tons of CO2 emissions offset per solar panel
In the space of renewable energy, more notably solar energy, Visaka Industries contributed to the renewable energy share of India with its ATUM solar roof, the world’s first integrated solar roof. ATUM can offset an average of 7.66 tons of carbon emissions per panel sold in its entire lifetime (considering the life of solar panels to be 15 years) by replacing coal-based power generation. The ATUM solar roof has offset around 86,400 tons of CO2 emissions and has saved 48,000 trees from the time it was launched in 2018.
- Wonder Yarn: Recycling PET fibre save 17400 megalitres of water
Visaka Industries Limited’s Wonder Yarn is made from recycling PET bottles which otherwise would have found their way into landfills and waste dumps. By using Recycled PET fibre for Wonder Yarn, Visaka Industries has reduced the stress on cotton production and has indirectly saved approximately 10 litres of water for every gram of rPET used. As of now Visaka’s Wonder Yarn has recycled 141 million PET bottles, i.e., nearly 17400 megalitres of water saved from the use for cotton irrigation.
- Conservation and Replenishment of ground water
For a manufacturing company, water – its consumption and conservation – remains a primary concern. The total water consumption by Visaka Industries Limited has steadily decreased, which indicates an increase in its water usage efficiency. The company regularly conducts environmental impact assessments and water footprint assessments of its operations at its manufacturing facilities. It ensures that no activity is conducted in water stressed areas. The quantity of groundwater withdrawn by Visaka has reduced from 453.87 megalitres in 2019-20 to 429.20 megalitres in 2020-21. There is zero discharge of water from Visaka’s plants and offices. Water harvesting methods are used to secure the supply of water during times of scarcity. This is further aided by an emphasis on minimizing water wastage across the entire value chain. On average, 65 kilolitres of water are discharged per annum from plants and offices. The entire volume of discharged water is recycled and recharged using harvesting technologies.
- Integration of supply chain to achieve sustainability objectives
Visaka Industries Limited is also reducing its upstream supply chain transport related carbon emissions by identifying all the raw materials and ports strategically and within 300 kilometers to its manufacturing locations. By doing so, Visaka Industries is progressively eliminating approximately 200g of CO2 emissions for every kilometer of transportation saved.