Finolex Cables submits FY26 BRSR report; Scope 1 emissions fall 23%
- Finolex Cables filed its FY26 BRSR report on September 5, 2026
- Scope 1 emissions dropped 63% to 2,305 metric tonnes CO2e
- Total energy consumption fell 9.1% to 3,50,562 Giga Joules
- Waste generated doubled to 4,976 metric tonnes but recycling rose sharply
- LTIFR for employees was 1.06; female worker representation remains below 1%
*this image is generated using AI for illustrative purposes only.
Finolex Cables submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 on September 5, 2026. The filing covers standalone operations and highlights environmental performance, including a significant reduction in direct greenhouse gas emissions. The report also details workforce metrics, safety records, and governance practices across its manufacturing facilities.
Environmental Performance
The company reported a sharp decline in direct carbon emissions alongside stable energy intensity metrics. Total energy consumption fell to 3,50,562 Giga Joules in FY26 from 3,85,549 Giga Joules in the prior year. This reduction was driven primarily by lower fuel consumption, which dropped to 39,936 Giga Joules from 87,952 Giga Joules, while electricity consumption from non-renewable sources rose slightly to 2,87,591 Giga Joules.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Total Energy Consumption (GJ) | 3,50,562 | 3,85,549 | -9.1% |
| Total Water Withdrawal (KL) | 2,85,141 | 2,85,437 | -0.1% |
| Total Waste Generated (MT) | 4,976.90 | 2,277.18 | +118.6% |
Water withdrawal remained flat at 2,85,141 kilolitres, with groundwater usage rising marginally to 72,521 KL. However, total waste generated more than doubled to 4,976.90 metric tonnes from 2,277.18 metric tonnes. Despite the higher waste volume, recovery operations improved significantly, with 83.82 metric tonnes recycled or reused compared to just 1.8 metric tonnes in FY25.
What the Numbers Show
The divergence between waste generation and recovery efforts suggests a shift in reporting granularity or operational scale rather than purely negative environmental impact. While total waste reported surged by nearly 119%, the company increased its recycling and reuse volume by over 4,500%, indicating enhanced waste management processes or better tracking of non-hazardous waste streams that were previously unreported or disposed of differently.
Social and Governance Metrics
The report discloses workforce composition and safety outcomes. As of March 31, 2026, the company employed 931 permanent employees and 2,600 workers. Female representation among employees stood at 6%, while it remained at 0.54% for workers. The Lost Time Injury Frequency Rate (LTIFR) for employees was 1.06 per million person-hours, up from zero in the prior year, while the rate for workers was 2.48.
Governance disclosures noted that the Board oversees sustainability matters through the Corporate Social Responsibility and Risk Management Committees. The company obtained reasonable assurance for the report from Mehta Chokshi & Shah LLP. No penalties or fines were recorded during the fiscal year.
Historical Stock Returns for Finolex Cables
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.46% | -5.50% | +22.26% | +28.92% | +42.41% | +157.83% |
How will Finolex Cables address the nearly 119% surge in total waste generation to ensure it does not offset the gains made in carbon emission reductions?
What specific strategic initiatives are planned to improve the low female representation rates, particularly the 0.54% among workers, in alignment with broader ESG investor expectations?
Given the rise in Lost Time Injury Frequency Rates for both employees and workers, what safety protocol overhauls are anticipated in FY27 to return to zero-injury benchmarks?
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