42 Fostering Sustainable Ecosystems Message from CEO Corporate Overview Corporate Governance and Business Ethics About the Report renewable energy sources and are actively pursuing strategies to lower Scope 1 emissions, including the exploration of alternative renewable fuels, such as cashew nutshell fuel, among other innovative solutions. reporting period. Arise IIP also utilized over 1 metric ton of biomass. In comparison to our previous year, we have been able to substantially limit our GHG emissions despite scaling our activities across our SEZs. We have set up new businesses such as the Benin Textile business within our operations, in addition to 05 new operational Cashew factories within GDIZ, Benin. While our scope 2 emissions have substantially increased due to the increase in the manufacturing activities across our plants, Scope 1 emissions have relatively been limited, despite scalability. Scope 1 & 2 Emissions (%) Scope 2 55% Scope 1 45% Scope 1 & 2 Emissions (in tCO2e) Scope 1 Scope 2 Scop 1 Scope 2 14,800 12,121 Scope 1 45% Scope 1 & 2 Emissions (in tCO2e) Scope 1 Scope 2 Scope 1 Scope 2 14,800 12,121 Scope 1 CY2024 CY2023 Scope 2 12,121 10,659 14,800 5,407 Comparative CY 2024 versus CY 2023 It is evident through our GHG emissions that 55% of our emissions come from our direct control i.e., primarily through fuels used across our SEZs. This provides us strategic advantage to explore pathways to increase renewable fuels, conduct relevant fuel switches where feasible, and reduce our Scope 1 emissions substantially. For our Scope 2 emissions, we are increasing our dependence on renewable sources of electricity through partnerships. In the reporting period, we consumed over 6,000 KL of fuels including diesel and petrol for our operations. Additionally, we consumed consumed 15,057 MWh of electricity in the
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