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Environmental sustainability

INOX India Limited Releases First Annual Sustainability Report, Highlighting Commitment to Environmental Sustainability and Workplace Safety

Strategic Insights

— 1 min read

INOX India Limited, a leading cryogenic technology solution provider, has released its first Annual Sustainability Report for the period FY 2024-25. The report, prepared in reference to the Global Reporting Initiative (GRI) standards, highlights the company's commitment to environmental sustainability, workplace safety, and community development. The report outlines INOX India's structured Materiality Assessment Framework, designed to align global best practices with the company's operational realities. The framework has enabled INOX India to build a Materiality Matrix, ensuring that its sustainability priorities are aligned with stakeholder expectations while driving long-term resilience and growth.

Key Takeaways:

  • INOX India's sustainability priorities are aligned with stakeholder expectations, focusing on Energy Management and Efficiency, Waste Management and Circularity, Climate Change and GHG Emissions, Water and Effluent Discharge, and Responsible Supply Chain.
  • The company has implemented a systematic waste management program, resulting in measurable reductions in its environmental footprint.
  • Renewable energy accounted for 19% of the company's energy use, reducing CO2 emissions by 1,808.17 tons.
  • The company has allocated Rs401.73 lakh towards Corporate Social Responsibility (CSR) in FY 2024-25, deployed in education, well-being, and women empowerment initiatives.
  • INOX India reported zero safety incidents, injuries, or fatalities in FY 2024-25, underscoring the company's strong commitment to employee safety.
  • The company has a commitment to inclusivity and human rights, reporting zero complaints related to workplace discrimination, harassment, child labor, or human rights violations during the reporting period.
  • The company has adopted renewable power sources, installed a 1.68 MW windmill and rooftop solar systems, and implemented process improvements to reduce energy consumption.

Statistics:

  • Renewable energy accounted for 19% of INOX India's energy use in FY 2024-25.
  • The company reduced CO2 emissions by 1,808.17 tons in FY 2024-25.
  • INOX India allocated Rs401.73 lakh towards Corporate Social Responsibility (CSR) in FY 2024-25.
  • The company reported zero safety incidents, injuries, or fatalities in FY 2024-25.
  • INOX India has a commitment to inclusivity and human rights, with zero complaints related to workplace discrimination, harassment, child labor, or human rights violations during the reporting period.

Sources:

  • INOX India Limited. (2024-25). Annual Sustainability Report.
  • Global Reporting Initiative. (GRI Standards).
  • United Nations. (Sustainable Development Goals).

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