Visaka Industries Limited publishes its first Sustainability Impact Report - Ability, Responsibility, Sustainability’ - according to the Global Reporting Initiative framework
Visaka Industries Limited publishes its first Sustainability Impact Report - Ability,
Responsibility, Sustainability’ - according to the Global Reporting Initiative framework
The first company in building materials category in India to publish a sustainability impact report
as per GRI framework
Hyderabad, 2 Aug 2021: Visaka Industries Limited published its first Business Sustainability Report
titled ‘Ability, Responsibility, Sustainability.’ The report has been prepared in accordance with the
Global Reporting Initiative (GRI) and is also aligned with the UN Sustainable Development Goals
(UNSDGs).
The Sustainability Report (https://www.visaka.co/sustainability) was assured by Sustain Labs Paris,
an enterprise based in India, France, and New Zealand that partners with organizations to make
them more environmentally and socially responsible as well as profitable.
Reduction in energy consumption and CO2 emissions
Energy conservation for Vnext products increased from 37,93,263 units in 2017-18 to 38,83,428
units in 2020-21. This has been possible due to the increase in renewable energy sourcing
(37,93,263 units in 2017-18 to 38,83,428 units in 2020-21) and the installation of energy meters
and net metering to monitor and further reduce energy consumption.
The total electricity consumption decreased from 2,07,69,930 units in 2017-18 to 1,97,12,435
units in 2020-21, which amounted to a reduction of 10,57,495 Kgs of CO2 emissions.
At Visaka’s Cement roofing sheets division, the energy consumed per unit of production has
decreased from 28 units to 27.5 units largely due to the use of energy efficient motors, controlling
idle running of equipment using interlocking systems, and LED lights.
Higher material usage efficiency across Vnext division
Vnext Fibre Cement Boards and Cement roofing sheets divisions have reported a reduction in the
volume of renewable and non-renewable material used in their production processes over the last
two years. Vnext has also reported a healthy increase in the proportion of renewable materials
used in production vis-a-vis non-renewable materials.
Visaka increased its material usage efficiency by increasing the use of fly ash in its production of
Vnext fibre cement boards. Visaka Industries has reduced approximately 0.8Kg of CO2 production
for every Kg of cement replaced with fly ash. Vnext fibre cement boards have saved around 90,000
tons of CO2 emissions till now.
ATUM: 7.66 tons of CO2 emissions offset per solar panel
In the space of renewable energy, more notably solar energy, Visaka Industries contributed to the
renewable energy share of India with its ATUM solar roof, the world’s first integrated solar roof.
ATUM can offset an average of 7.66 tons of carbon emissions per panel sold in its entire lifetime
(considering the life of solar panels to be 15 years) by replacing coal-based power generation. The
ATUM solar roof has offset around 86,400 tons of CO2 emissions and has saved 48,000 trees from
the time it was launched in 2018.
Wonder Yarn: Recycling PET fibre save 17400 megalitres of water
Visaka Industries Limited’s Wonder Yarn is made from recycling PET bottles which otherwise would
have found their way into landfills and waste dumps. By using Recycled PET fibre for Wonder Yarn,
Visaka Industries has reduced the stress on cotton production and has indirectly saved
approximately 10 litres of water for every gram of rPET used. As of now Visaka’s Wonder Yarn has
recycled 141 million PET bottles, i.e., nearly 17400 megalitres of water saved from the use for
cotton irrigation.
Conservation and Replenishment of ground water
For a manufacturing company, water - its consumption and conservation - remains a primary
concern. The total water consumption by Visaka Industries Limited has steadily decreased, which
indicates an increase in its water usage efficiency. The company regularly conducts environmental
impact assessments and water footprint assessments of its operations at its manufacturing
facilities. It ensures that no activity is conducted in water stressed areas. The quantity of
groundwater withdrawn by Visaka has reduced from 453.87 megalitres in 2019-20 to 429.20
megalitres in 2020-21.
There is zero discharge of water from Visaka's plants and offices. Water harvesting methods are
used to secure the supply of water during times of scarcity. This is further aided by an emphasis
on minimizing water wastage across the entire value chain. On average, 65 kilolitres of water are
discharged per annum from plants and offices. The entire volume of discharged water is recycled
and recharged using harvesting technologies.
Integration of supply chain to achieve sustainability objectives
Visaka Industries Limited is also reducing its upstream supply chain transport related carbon
emissions by identifying all the raw materials and ports strategically and within 300 kms to its
manufacturing locations. By doing so, Visaka Industries is progressively eliminating approximately
200g of CO2 emissions for every kilometer of transportation saved.
Visaka’s Vnext Fibre Cement Boards division plans to engage with its suppliers to reduce their
water-related impact and train them in improving their water management practices. The
company has set its water conservation target as 20% less than the consent received.
Mr. G. Vamsi Krishna, Joint Managing Director, Visaka Industries Limited said: “In the 40 years of
our existence, a commitment towards environment-social-governance has been at the core of our
business. Be it from the products that we have developed through the years, or in the way we
manage our operations, our work is governed by keeping people and the planet at the centre, while
continuing to focus on generating revenues. Over the last year, while we remained committed
towards protecting our balance sheet, we prioritized protecting the health and safety of all our
stakeholders. It is this holistic approach that made it possible for us to remain resilient in the face
of the economic downturn caused by the pandemic, achieve sustainable long-term growth, and
enhance value for stakeholders.”
The Sustainability Report identified 12 material aspects or topics that are deemed relevant to its
key stakeholders and business. These topics are Corporate and Social Responsibility; Sustainable
Business; Operational Efficiency; Compliance to Regulations; Innovation; Agile and Experienced
Workforce; Data-backed Decisions; Top Line Growth; Building a Strong Visaka Brand; Distribution
Network; Alternative Raw Materials; and Innovative Product Mix.
Dr. Miniya Chatterji, Chief Executive Officer, Sustain Labs Paris said, “Visaka’s commitment to
sustainability has been centered around the interplay of people, product, process, profit and planet.
Following a structured, scientific, and data-backed approach, the company has created targets and
benchmarks to continuously improve its performance on parameters such as resource
consumption, greenhouse gas emissions and waste management, in addition to enhancing
employee, community and product safety. In FY 2020-21, the company reported steady
improvements across categories like material usage efficiency, natural resource optimization,
waste management, while facilitating personal and professional development of its employees.”
-ENDAbout Visaka Industries Ltd.
Established in 1981, Visaka Industries (NSE: VISAKAIND, BSE: VISAKAIND) has emerged as a sustainable
business enterprise over the years and has become the second-largest roofing manufacturer in the country
with close to 5000 direct and indirect employees. Each of Visaka’s products is crafted to meet sustainability
demands. Having started with manufacturing corrugated cement fibre sheets in 1984, Visaka in 1992 had
diversified and implemented synthetic yarn with revolutionary Twin Air Jet spinning technology. While the
fashion industry is reeling under the tag of being the second largest polluter in the world, Visaka’s Wonder
Yarn, manufactured from sustainable yarn from PET bottles, understands that style must meet
sustainability. Its production has impacted about 141 million PET bottles from piling up in dump yards.
In 2008, the company began to manufacture eco-friendly fibre cement boards and related applications
under the brand Vnext. Concentrating on the deforestation issue, we have developed the Vnext line into
an eco-friendly substitute to materials like plywood, gypsum boards, and sand/water-based construction,
which have helped us save over five lakh trees from deforestation. Our Vnext products are holistic solutions
for eco-friendly interior and exterior construction. Used as false ceiling, mezzanine flooring, fixed furniture,
and wet area construction, our products aid prefab and fast construction wall solutions.
The world’s first Integrated Solar roof, ATUM was spectacularly introduced by the company, in the year
2018. The newest offering from Visaka is Vnext Solutions - a one-stop, eco-friendly turn-key solution for all
construction one’s needs - to build homes, office, industrial and other spaces from scratch to finish. Vnext
Solutions can conveniently be accessed through a mobile app. A pan-Indian company, Visaka, is
headquartered in Hyderabad. Our products are available across India and extensively exported to Southeast
Asia, Middle East, and African countries.
For more information please visit - https://www.visaka.co/
