Renewable energy accounted for 19% of the Company’s energy use, reducing CO₂ emissions by over 1,800 tons — a key highlight of the year
MUMBAI (India CSR): INOX India Limited (INOXCVA), a global leader in cryogenic technology solutions, has unveiled its first Annual Sustainability Report for FY 2024–25, underscoring its commitment to responsible growth, clean energy, workplace safety, and community development. The company said the milestone reinforces its strategy of aligning business operations with environmental and social goals, while CEO Deepak Acharya affirmed that “INOX India’s journey toward environmental sustainability is both purposeful and ongoing.”
Report Aligned with Global Standards
The Annual Sustainability Report has been prepared with reference to the Global Reporting Initiative (GRI) standards and guided by a Materiality Assessment Framework. Through this framework, INOX India built a Materiality Matrix that aligns its sustainability priorities with stakeholder expectations and the United Nations Sustainable Development Goals (SDGs).
The ESG focus areas identified include Energy Management and Efficiency (SDG 7), Waste Management and Circularity (SDG 12), Climate Change and GHG Emissions (SDG 13), Water and Effluent Discharge (SDG 6), and a Responsible Supply Chain (SDG 12).
CEO’s Perspective
Commenting on the milestone, Deepak Acharya, Chief Executive Officer, INOX India Limited, said, “INOX India’s journey toward environmental sustainability is both purposeful and ongoing. From clean energy investments to water recycling and green infrastructure, our initiatives reflect a deep commitment to responsible operations and the well-being of our planet.
“For us, sustainability is not just a goal—it is the core of all our business decisions. Our first Sustainability Report marks a significant milestone, reaffirming our dedication to building a lasting legacy by aligning our systems, processes, and businesses with environmentally responsible practices and United Nation’s Sustainable Development Goals.“, he said.
“Our ESG commitment is deeply woven into our business operations, with our products enabling customers worldwide to adopt sustainable practices and transform into responsible, future-ready enterprises,” further added.
Key Highlights of FY 2024–25
- Clean Energy Transition: Renewable energy accounted for 19% of total consumption, supported by a 1.68 MW windmill and rooftop solar systems. This shift reduced CO₂ emissions by 1,808.17 tCO₂e.
- Integrated Waste Management: A systematic program helped reduce the company’s environmental footprint.
- CSR Investments: The company allocated ₹401.73 lakh towards education, healthcare, and women empowerment initiatives. Projects included the Udayan Shalini Project for underprivileged girls, a Mobile Health Unit for rural healthcare, scholarships at IIT Bombay, and the establishment of the INOX Quantum Materials Lab at IISc Bengaluru.
- Workplace Safety: The company reported zero safety incidents, injuries, or fatalities, showcasing its commitment to employee well-being.
- Inclusive Practices: No complaints were registered during the reporting period related to discrimination, harassment, child labour, or human rights violations.
Sustainability as a Growth Driver
INOX India emphasised that sustainability is not merely a compliance requirement but a core business strategy. By integrating ESG practices into operations, the company aims to reduce its carbon footprint while also enabling industries worldwide to transition towards cleaner, greener, and more future-ready models of growth.
The company said this inaugural report reflects its pledge to responsible growth, stakeholder trust, and long-term resilience, while setting a benchmark in transparent reporting practices.
(India CSR)
