Shree Cement Ltd

Common Name
Shree Cement
Country
India
Sector
Basic Materials
Industry
Building Materials
Employees
7,022
Ticker
SHREECEM
Exchange
NATIONAL STOCK EXCHANGE OF INDIA
Description
Shree Cement Ltd. is a leading cement manufacturing company in India, primarily engaged in the production of cement and associated products. Its core function is to produce high-quality cement that se...

Shree Cement's GHG Emissions Data Preview

In 2023, Shree Cement completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Shree Cement has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Shree Cement’s Greenhouse Gas (GHG) Emissions Data

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a. Shree Cement's Annual Report 2023
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Insights into Shree Cement's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Shree Cement amounted to 17,903,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Shree Cement increased by 11.43%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Shree Cement's Scope 1 Emissions Over Time

202020212022202304.5 M9 M13.5 M18 MtCO2e+3%+2%+11%
  • Total Scope 1
  • Year-over-Year Change

What are Shree Cement's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Shree Cement were 17,465,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Shree Cement reduced its Scope 1 emissions over time?

Since 2020, Shree Cement's Scope 1 emissions have increased by 16.01%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Shree Cement's Scope 1 emissions increased by 10.99%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Shree Cement's Scope 2 emissions?

In 2023, Shree Cement reported Scope 2 greenhouse gas (GHG) emissions of 438,000 tCO₂e without specifying the calculation method. a

Has Shree Cement reduced its Scope 2 emissions over time?

Since 2020, Shree Cement's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 72.44%, reflecting a rising long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Shree Cement's Scope 2 emissions (Unspecified Calculation Method) rose by 32.33% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Shree Cement use for Scope 2 reporting?

In 2023, Shree Cement reported its Scope 2 emissions using an unspecified methodology. a

Shree Cement's Scope 2 Emissions Over Time

20202021202220230150 k300 k450 k600 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Shree Cement's Value Chain Emissions

In 2023, Shree Cement reported 279,871 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Shree Cement includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Shree Cement's Scope 3 Emissions Over Time

20222023070 k140 k210 k280 ktCO2e+6%
  • Total Scope 3
  • Year-over-Year Change

What are Shree Cement's Scope 3 emissions?

In 2023, Shree Cement reported total Scope 3 emissions of 279,871 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 99.44% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.56% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2022), Shree Cement's Scope 3 emissions remained relatively stable, indicating that Shree Cement 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Shree Cement disclose?

In 2023, Shree Cement reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Shree Cement's Scope 3 emissions?

In 2023, the largest contributors to Shree Cement's Scope 3 emissions were: a

  • Downstream Transportation and Distribution (Cat. 9): 157,931 tCO₂e (56.43%)
  • Upstream Transportation and Distribution (Cat. 4): 96,730 tCO₂e (34.56%)
  • Fuel- and Energy-Related Services (Cat. 3): 18,932 tCO₂e (6.76%)

Shree Cement's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(34.6%)DownstreamTransportation andDistribution(Cat. 9)(56.4%)Fuel- andEnergy-RelatedServices (Cat. 3)(6.8%)

Insights into Shree Cement's Total Carbon Footprint

In 2023, Shree Cement reported a total carbon footprint of 18,182,871 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.35% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Shree Cement's total carbon footprint was Scope 1 emissions, accounting for 96.05% of the company's total carbon footprint, followed by Scope 2 emissions at 2.41%. a

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