APL Apollo Tubes Limited has released its Environmental, Social, and Governance (ESG) Report for the financial year 2024-25. The report, aligned with GRI 2021 standards, ISSB standards, and SEBI BRSR Core indicators, highlights the company’s sustainability performance, including a commitment to Net Zero by 2050 and a 52% renewable energy share (excluding new plants). The report also details various initiatives in energy management, water conservation, and community engagement.
ESG Report Highlights
APL Apollo Tubes Limited has released its Environmental, Social, and Governance (ESG) Report for the financial year 2024-25, demonstrating the company’s commitment to transparency, accountability, and sustainable growth. The report is available on the company’s website.
Key Sustainability Commitments and Achievements
- Net Zero Target: Committed to achieving Net Zero by 2050, validated by SBTi.
- Renewable Energy: Achieved a 52% renewable energy share, excluding new plants.
- Water Conservation: Reduced overall water consumption by 24.6% year-over-year, excluding new plants.
- Safety: Reported zero fatalities across all facilities.
- Certifications: Achieved ISO 14001:2015 and ISO 45001:2018 certifications for several plants.
- Ethical Practices: Reported zero cases of bribery and corruption, with 100% of employees trained.
Environmental Initiatives
The company’s initiatives include increasing renewable energy consumption in existing plants and reducing emissions through the use of EV trucks. Other efforts include water conservation, emissions reduction, and sustainable product development.
Social Responsibility
APL Apollo emphasizes safety, diversity, and inclusion. In FY25, multiple safety programs were conducted, resulting in zero fatalities at the plants. The company remains committed to employee well-being.
Governance
APL Apollo has strengthened its risk management framework and enhanced transparency across operations. The Board is actively engaged in driving ESG priorities, ensuring sustainability is embedded into business decisions.
Looking Ahead
The company will focus on unlocking sustainable and profitable growth by enhancing technology, improving operating margins, and increasing asset utilization. APL Apollo remains committed to long-term value creation for all stakeholders.
Source: BSE
