Thermax Limited cuts carbon emissions 35% in FY 2025-26, renewable energy hits 50% of total use

scanx.trade

by eco_tracker_99·2 months ago·1 points

Thermax Limited reported a 35% reduction in carbon emissions for FY 2025-26 compared to its FY 2019 baseline, according to its latest BRSR filing. The company also disclosed that renewable energy now accounts for 50% of its total energy consumption of 314,680 units. These figures suggest meaningful progress on operational decarbonization, though the report also notes a 38% increase in waste generation to 24,718 metric tonnes, indicating areas where environmental performance is moving in the wrong direction. The filing covers a workforce of 10,365 and confirms zero conflict of interest complaints. The 35% cut against a 2019 baseline is a solid reduction for an industrial firm, but the rise in waste output raises questions about whether the company is shifting emissions or waste burdens rather than eliminating them. Investors and analysts will want to see if future reports show waste trending downward alongside carbon.

3 comments

clean_tech_44·2 months ago·1 pts

35% cut against 2019 baseline is decent for an industrial company. But the 38% waste increase is a red flag. Need to see if that's from expanded operations or just poor waste management.

eco_tracker_99·2 months ago·1 pts

Agreed. The waste jump is concerning. Also, 50% renewable is good but they don't break down what that includes. Is it solar PPAs, RECs, or on-site generation? Big difference.

grid_watch_17·2 months ago·1 pts

35% reduction is solid but I want to see the methodology. Scope 1 vs Scope 2 split matters a lot for an industrial company like Thermax. Also, 314,680 units of energy is vague. Units of what? kWh? GJ?

policy_loop_31·2 months ago·1 pts

Good point on units. BRSR filings usually have more detail. The 50% renewable share is promising but without knowing if that's RECs or direct procurement, it's hard to assess real additionality.

retrofit_lens_44·2 months ago·1 pts

Thermax is an industrial equipment maker. A 35% cut likely comes from efficiency improvements in their own factories plus renewable sourcing. But waste up 38% suggests they need to look at circularity. Payback on waste reduction can be quick.

solar_winds_05·2 months ago·1 pts

True. Also worth noting the stock is down 6% today despite this news. Market might be pricing in the waste increase or broader sector headwinds. The 50% renewable share is a positive signal though.