Marico Limited, a leading Indian FMCG company, announced significant progress in its sustainability efforts on National Energy Conservation Day. The company revealed that 67.4 per cent of its operational energy requirements are now sourced from renewable energy, with a breakthrough in thermal energy sourcing.
The shares of Marico Limited were trading at ₹642.25 up by ₹9.35 or 1.48 per cent on the NSE today at 11.15 am.
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In fiscal year 2024, Marico nearly completed its transition to bio-based briquettes, meeting over 90 per cent of its thermal energy needs through renewable sources. The company has made substantial strides in reducing its environmental footprint, achieving a 79 per cent reduction in direct greenhouse gas emissions compared to its base year of FY13.
Marico has set ambitious sustainability goals, targeting net-zero operational emissions in India by 2030 and globally by 2040. The company has established a central energy management cell to drive these initiatives, focusing on low-carbon technologies and renewable energy investments.
Key achievements include the Perundurai facility being certified as ‘carbon neutral’ for four consecutive years and the Sanand unit in Gujarat increasing its renewable energy share by 2.8 times in the current fiscal year. All of Marico’s manufacturing facilities are now coal-free, demonstrating the company’s commitment to sustainable operations.
