Climate Change Mitigation
Focussed on waste heat recovery and increasing share of renewable energy Jubilant Pharmova Limited aims to operate through a low carbon footprint and support in mitigating the risk of climate change. The commitment from the top management is visible in the form of Climate Change Mitigation Policy which aims to mitigate the risk of the climate change through participatory and collaborative efforts. The Company sees cleaner production as a new market opportunity. The Company is also monitoring any change in regulation that may result in financial implications with respect to energy and other resources relevant to the Company’s business
Towards its commitment to this climate change policy, the Company has adopted and implemented several initiatives to reduce the Company’s Green House Gases (GHG) emissions. Some of the key focus areas are technology change, switching to renewable energy, improving the energy efficiency of the process and equipment, change in the mode of transportation. Bio-mass, biogas, biodiesel and solar energy are the key renewable energy sources in the overall energy mix of the company.
The Company is also monitoring and reporting its GHG emission regularly. To understand the product carbon footprint, the Company has already conducted two life cycle based carbon footprint studies by a reputed external agency for 2010-11 and the latest one for 2011-12. The latest study was conducted on 15 key products of the Company using the cradle to gate approach. From both the studies it was evident that the products manufactured by Jubilant through ethanol (biogenic source) route have a much lesser carbon footprint than similar products which are manufactured through the conventional petro route.