Sustainability Goals

Leading the way with innovation and responsibility

Pioneering Sustainability With A Bold Environmental Agenda

At Indigo Paints we’re not just into painting walls; we’re we’re looking to paint a sustainable future. We understand the pressing global challenges facing our planet, and we are committed to being part of the solution. As frontrunners in the paint industry, we’re setting the bar high with our ambitious environmental and socio-cultural goals. From reducing greenhouse gas emissions to promoting renewable energy and bettering waste management, our agenda is clear: to lead the way towards a greener, cleaner planet.

Our Environmental Goals

Our environmental goals encompass various aspects, from combating climate change to promoting inclusion and diversity, all while enhancing the well-being of our communities.
Environmental Goals

Empowering Communities With Social Impact Initiatives

Beyond the walls of our factories, Indigo Paints is making a difference in communities across the country. Through our social impact initiatives, we’re investing in education, empowering women, and prioritizing safety. Because we believe that the true success of an enterprise is measured not just by profits, but by the positive impact we have on people’s lives.

Upholding Integrity and Accountability at Indigo Paints

At Indigo Paints, integrity is non-negotiable. Our governance goals are a testament to our commitment to ethical conduct and transparency. From stringent risk management practices to a zero-tolerance approach to breaches of our Code of Conduct, we’re dedicated to upholding the highest standards of corporate governance.


Indigo Paints recognizes the pivotal role of materiality assessment in discerning the critical areas that profoundly influence our business performance and stakeholder interests. Through an extensive materiality assessment process, we delve into key environmental, social, and governance (ESG) issues that resonate most with our stakeholders. This comprehensive engagement enables us to pinpoint material topics crucial for our organization. We remain steadfast in our commitment to addressing these issues.

Material Topics

Our focus revolves around six material topics identified during previous assessments, guiding our efforts to create sustainable value for our stakeholders. These topics include:
GHG Emissions
Reducing greenhouse gas emissions is fundamental to our environmental stewardship and central to our business strategy. We are dedicated to enhancing energy efficiency continually, aiming to decrease our emissions footprint. Our unwavering commitment to sustainability and emissions management drives our efforts to contribute to a greener future.



FY 22-23 FY 21-22
Scope 1 Emissions (tCO2e) 38.13 37.96
Scope 2 Emissions (tCO2e) 4,522.55 4,066.55
Emission Intensity (tCO2e/crore ₹ revenue) 4.25 4.53
Emission Intensity (tCO2e/KL of FG) 0.029 0.032
We are dedicated to reducing our energy consumption through continuous monitoring of energy performance across all operational units, including our head office. Recognizing the critical role of energy optimization in our environmental management system, we prioritize the implementation of energy-saving initiatives throughout our business operations.



FY 22-23 FY 21-22
Total Energy Consumption (GJ) 18329 16533
Specific Energy Consumption (GJ/KL of FG) 0.12 0.13
Water management is a cornerstone of our sustainability efforts, reflecting our commitment to responsible resource utilization and environmental stewardship. Through proactive initiatives, we strive to enhance our practices and contribute positively to water conservation.



FY 22-23 FY 21-22
Total Water Consumption (KL) 36,978 32,487
Specific Water Consumption (KL/KL of FG) 0.24 0.25
Waste management is a cornerstone of our sustainability strategy, embodying our commitment to efficient resource utilization and eco-friendly operations. By treating waste as a valuable resource, we actively contribute to a sustainable future while promoting responsible practices within our industry.



FY 22-23 FY 21-22
Total Waste Generated (tonnes) 851.14 875.21
Specific Waste Generated (kg/KL of FG) 0.45 1.03

Community Welfare

We acknowledge that corporate social responsibility (CSR) transcends mere philanthropy and should be intertwined with our core business objectives. Consequently, our CSR programs are meticulously crafted to tackle social challenges while aligning with our business values. The Board of Directors, through the CSR Committee, spearheads our CSR initiatives, ensuring their strategic direction and effective implementation.

Our CSR focus

FY 23-24 FY 22-23 FY 21-22
CSR Expenditure 2.35 (Committed) 1.82 1.26

Health & Safety

At Indigo Paints, ensuring the well-being of our employees is the absolute top priority. We are wholeheartedly dedicated to creating a safe working environment that not only protects their health but also fosters a culture of well-being. Through a comprehensive and multi-faceted approach, we have cultivated a welcoming workspace that embraces world-class processes and practices, thereby instilling a robust safety culture within our organization.

Our commitment to safety directly contributes to fulfilling the UN Sustainable Development Goals (SDGs) of Decent Work and Economic Growth, as well as Good Health and Well-being.

Board Structure
Acknowledging the pivotal role of our Board of Directors, we understand their significance in shaping the organizational ethos. They are instrumental in establishing our vision, mission, and values, guided by our Corporate Governance guidelines. We prioritize compliance with all relevant regulations, including the SEBI Listing Regulations, the Companies Act, 2013, and other SEBI regulations governing Board composition, Committee formation, and policy formulation and adoption.
Board/Committee Chaired No. of Members Independence
Board Executive Chairman 8 50%
Audit Committee Independent Director 6 67%
Nomination & Remuneration Committee Independent Director 4 100%
Risk Management Committee Executive 4 25%
CSR Committee Executive 3 33%
Stakeholders Relationship Committee Independent Director 3 33%

Board Independence

Board Diversity

A dedicated Risk Management Committee is tasked with formulating risk assessment and minimization procedures, offering valuable insights to the Board. Through a proactive approach, the committee formulates, implements, reviews, and monitors the risk management plan for the Company. Our Risk Management Policy serves as a guiding document, fostering sustainable business growth with stability. We maintain an unwavering focus on ensuring 100% compliance with risk management practices.
We are committed to upholding the highest standards of ethical conduct, sustainability, and integrity. Our Code of Conduct, endorsed by the Board of Directors, extends to all Directors, Senior Management members, and employees of the company. This comprehensive code articulates our dedication to operating ethically, legally, and sustainably.

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