IGI files FY26 BRSR report with TUV SUD assurance
International Gemological Institute Limited filed its BRSR for the 15-month period ended March 31, 2026, reporting ₹15,976 million in turnover. The report, assured by TUV SUD, details energy consumption of 3,965.23 Gigajoules, GHG emissions of 751.74 metric tonnes CO₂e (Scope 1+2), and a workforce of 1,345 employees. Key initiatives include the development of IGI Island in Surat aimed at net-zero operations.
*this image is generated using AI for illustrative purposes only.
International Gemological Institute Limited filed its Business Responsibility and Sustainability Report (BRSR) with BSE Limited and the National Stock Exchange of India Limited on July 23, 2026, covering the transitional financial year from January 1, 2025, to March 31, 2026. The company reported a turnover of ₹15,976 million and a net worth of ₹25,908.35 million for this 15-month period, which marks its shift from a calendar-year basis to a fiscal year ending in March. TUV SUD South Asia Pvt Ltd provided reasonable assurance on the report’s nine core attributes, verifying compliance with SEBI’s BRSR Core framework.
The filing, made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, outlines the company’s environmental, social, and governance performance. Key operational data reveals that certification services accounted for 98.79% of total turnover. The company operates 22 offices nationally across 16 states, serving a diverse customer base including lab-grown diamond producers and jewelry retailers. Export turnover constituted 3.46% of total sales, primarily driven by stationery items and machinery exports through its SEEPZ unit.
Key Sustainability Metrics
The BRSR disclosure provides detailed insights into the company’s resource consumption and workforce demographics during the reporting period. The following table summarizes key environmental and social indicators:
| Metric | Value |
|---|---|
| Total Energy Consumed | 3,965.23 Gigajoules |
| Energy Intensity (per ₹ revenue) | 0.25 |
| Total Water Withdrawal | 20,154.83 kilolitres |
| Scope 1 GHG Emissions | 15.29 metric tonnes CO₂e |
| Scope 2 GHG Emissions | 736.45 metric tonnes CO₂e |
| Total Employees | 1,345 |
| Female Employees | 509 (37.84%) |
Energy consumption was entirely from non-renewable sources, totaling 3,965.23 Gigajoules, comprising 3,734.13 Gigajoules of electricity and 231.10 Gigajoules of fuel. Water withdrawal, sourced entirely from third parties, amounted to 20,154.83 kilolitres. Greenhouse gas emissions were recorded at 15.29 metric tonnes for Scope 1 and 736.45 metric tonnes for Scope 2, resulting in a combined emission intensity of 0.047 metric tonnes CO₂e per rupee of turnover.
Workforce and Governance
As of March 31, 2026, the company employed 1,345 individuals, including 1,306 permanent employees and 39 non-permanent staff. Women constituted 37.84% of the total workforce, with female representation at 37.13% among permanent employees. The Board of Directors includes one woman, representing 14.29% of the board. No workers were employed during the period.
Employee well-being spending accounted for 0.85% of total revenue, up from 0.09% in the previous calendar year. The company reported zero lost-time injuries and zero fatalities. All permanent employees received training on health and safety measures and skill upgradation. The turnover rate for permanent employees was 17%, compared to 13% in CY 2024.
Strategic Initiatives and Risk Management
The report highlights the development of IGI Island in Surat as a key sustainability initiative. Designed to achieve net-zero performance across energy, carbon, water, and waste parameters, the facility aims to meet its energy needs through renewable sources, including an estimated 70,000 kWh from on-site solar installations and 1.60 million kWh from a captive off-site solar plant. Smart building interventions are projected to reduce energy demand by nearly 31%, avoiding approximately 463 tonnes of CO₂ emissions through the use of low-impact materials.
Material risks identified include regulatory compliance, data privacy, and business ethics. The company maintains a robust anti-corruption framework under its Code of Business Conduct and Ethics and reported no disciplinary actions for bribery or corruption. Complaints received from stakeholders included 15 from shareholders and zero from communities, customers, or employees. The company disclosed no fines, penalties, or settlements with regulators or law enforcement agencies during the reporting period.
Historical Stock Returns for International Gemological Institute
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.54% | -5.15% | -0.29% | +4.78% | +3.25% | -26.75% |
How will the completion of IGI Island's net-zero infrastructure impact the company's long-term operational costs and competitive positioning in the gem certification sector?
Given that 100% of energy consumption currently comes from non-renewable sources, what specific timeline and investment strategy has IGI outlined to transition to renewable energy across its existing 22 offices?
With export turnover comprising only 3.46% of sales, what strategic initiatives is the company pursuing to expand its international footprint beyond its current reliance on domestic certification services?
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