Marico’s Sustainable Journey: A Commitment to a Better Future
In manufacturing, Marico initiated efforts to enhance environmental aspects such as energy, water, and waste. Efficiency was progressively integrated into these domains.
Energy: The drive to utilize renewable energy commenced in 2013. Over the last 10 years, the company has achieved a conversion of approximately 98% of thermal energy applications to biofuels. Similarly, a substantial portion of electrical energy has transitioned to wind and solar sources. Collectively, renewable sources now contribute to about 66% of the total energy utilized across all manufacturing units of Marico in India. In addition, a global target has been set to achieve net zero operations by 2040.
Water: Under this segment, approximately 85 per cent of Marico’s raw materials originate from agricultural sources. In India, where agricultural water usage ranks considerably high in comparison to global standards, this assumes importance within the company’s overall value chain. Marico has made a commitment to offset the manufacturing facility’s water consumption by generating an equivalent amount of water conservation potential, provided at no cost, for agricultural and domestic use. This initiative commenced in 2017 and to date, the company has established conservation potential exceedin