Marico Ltd, one of India’s leading FMCG companies, announced that it now meets 67.4% of its operational energy requirements (electricity and thermal) from renewable sources, reaching a critical milestone in proactively minimising its environmental footprint.
In FY 2024, the company has nearly completed the transition to biobased briquettes for thermal energy needs, thus meeting more than 90% of its operational thermal energy needs from renewable sources.
The company has outlined a comprehensive strategy of achieving Net Zero operational emissions in India (across owned manufacturing units) by 2030 and in global operations by 2040. The company has established a central energy management cell to define reduction strategies and monitor performance.
By integrating low-carbon technologies, investing in renewable energy, and employing carbon sequestration techniques, Marico aims to phase out fossil fuel usage entirely. As part of its climate action plan, in India, Marico aims to reduce Scope 1 and Scope 2 GHG emissions by 93% and offset the remaining 7% emissions through sequestration and carbon offset by 2030. The company has already made significant progress, achieving a 79% direct GHG emissions reduction compared to its base year FY 2013. Aligned with this vision, all Marico manufacturing facilities are 100% coal-free and are focusing on transitioning to renewable sources to meet its operational energy requirements.
By deploying a set of structured interventions towards energy efficiency and environmental stewardship, the Perundurai facility has been externally certified as ‘carbon neutral’ for the fourth consecutive year. This plant operates almost entirely on renewable energy sources and has been equipped with smart energy installations that enhance operational efficiency.
The Sanand unit in Gujarat has increased its renewable energy share by 2.8 times in FY 2024, making it one of the company’s most advanced manufacturing setups.
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