Greenhouse gas (GHG) emissions are one of the major causes of rising global warming. CO2, Methane & NOx gases form a major part of greenhouse gases released from fossil fuels such as oil and gas. Due to rising GHG emissions from the operations of companies, it became important among major contributing sectors to report GHG emissions during their operations.
Several retailers, including Walmart, already measure their carbon footprints and climate change programs. Retailers generate a significant portion of their carbon footprint in their stores. In a retail outlet, heating, lighting, air conditioning, ventilation, cooking, and refrigeration are the main factors for direct energy consumption, and therefore carbon emissions.
Aditya Birla Fashion and Retail Ltd (ABFRL) is a provider of fashion, lifestyle and retail business. The company provides apparel and non-apparel. It provides apparel categories that include casual wear, formal wear, ethnic wear, party wear, and activewear for men, women, and kids among others. ABFRL provides non-apparel products including footwear, perfumes, cosmetics, handbags, fashion jewelry, watches, and others.
In the financial year (FY) ending 2022, the total GHG emissions (Scope 1 and 2) of ABFRL were 41,226 tonnes of CO2 equivalents, an increase of 51% over FY2021. The company aims to use 35% renewable energy across its operations.
GHG emissions are generally classified into Scope 1, 2, and 3 emissions. Scope 1 includes direct GHG emissions from sources owned or controlled by the company. Scope 2 encompasses indirect emissions resulting from the generation of energy that the company purchases, such as electricity. Scope 3 involves other indirect emissions that relate to the emissions produced in the company’s value chain from upstream and downstream activities.
In FY2022, Scope 2 emissions form the major portion of ABFRL’s total GHG emissions, accounting for around 39,300 tonnes of CO2 equivalent (95.3% of the total GHG emissions), an increase of 52% over FY2021. The company’s Scope 1 emissions (1,926 tonnes of CO2 equivalent) increased by 4.7% over FY2021. Here, total GHG emissions include Scope 1 and 2 only.
Scope 3 emissions of ABFRL were 476, 608 tonnes of CO2 equivalent in FY2022 which increased by 9.3% over FY2021.
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