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TRANSFORMING TRANSFORMING TRANSFORMING
SUSTAINABILITY REPORT FY 2023 COMMUNITIES THE PLANET THE WORKPLACE

Systematically reducing our GHG Emissions

In FY 2023, our operations emitted 65.36 MMT of CO e from Scope 1 and Scope 2 footprint as our operations are heavily reliant on coal-based energy. The plan sets short-, medium-
2
sources, marking a 4.02% increase compared to FY 2022. This is in line with our and long-term GHG emission reduction targets to reach our Net Zero goal in a phased manner,
projections of increasing GHG emissions till FY26 when our emissions are expected to while also fulfilling national and international commitments and generating sustainable value for our
peak. Our Decarbonization Plan for FY 2021-2030 recognizes that we have a high carbon business and stakeholders.

FACOR expansion 3 12 Planned MW RE RTC (~1,900 MW)

HZL + VZI expansion 4 5 Energy conservation projects

3 5% Biomass firing

Steel expansion 5 71 Pending RE RTC (~600 MW)
Absolute Emissions 62 65 14 Aluminium expansion 6 12 Additional 5% Biomass 45

Additional RE RTC (~2,000 MW)

Offsets
3
5
26 MMTCO e
20 MMTCO e
2
2
26 MMTCO e
2

Projects Planned Actions Required

FY21 FY23 FY25 FY30 Actual FY30 Target

FY Emissions Growth Projects Decarbonization initiatives All Emissions are in Million Tonnes CO e
2

57