Veedol Corporation accelerated its sustainability and decarbonization initiatives during FY 2025-26, reporting lower greenhouse gas emissions, improved energy efficiency, increased renewable energy adoption, and continued investment in sustainable lubricant innovation. The company’s latest Business Responsibility and Sustainability Report (BRSR) outlines its progress toward achieving net-zero greenhouse gas emissions by 2050, supported by a target to reduce absolute GHG emissions by 25 percent by 2030 and increase renewable energy to 25 percent of its total energy mix by the same year.
Under the leadership of Managing Director and Business Responsibility Head Shri Arijit Basu, Veedol is integrating sustainability into its long-term growth strategy through cleaner manufacturing, ESG governance, digital transformation, premium products, and environmental innovation. Basu said the lubricant industry is moving toward high-performance, eco-conscious products, with Veedol positioning sustainability as a core business priority.
Scope 1 and Scope 2 Emissions Decline
Veedol reported a reduction in operational greenhouse gas emissions across its manufacturing facilities during FY26.
Scope 1 emissions declined to 292 metric tonnes of CO2 equivalent, compared with 380 metric tonnes in the previous reporting period. Scope 2 emissions from purchased electricity also decreased to 1,132 metric tonnes of CO2 equivalent, down from 1,194 metric tonnes.
The company is also expanding its Scope 3 emissions framework by identifying major value-chain emission sources, including purchased base oils, additives, packaging materials, employee commuting, and end-of-life product waste to improve future carbon reduction strategies.
Energy Consumption Falls as Renewable Energy Share Rises
Veedol improved its energy efficiency during FY26 as total operational energy consumption declined to 11,647 gigajoules, compared with 13,211 gigajoules a year earlier.
Energy intensity improved from 0.00000087 gigajoules per Indian rupee of turnover to 0.00000076 gigajoules per Indian rupee.
Renewable energy accounted for 18.36 percent of total energy consumption, contributing 2,141 gigajoules of clean energy.
The company expanded renewable power generation through 831 solar photovoltaic panels, each rated at 540 Wp, installed at its Oragadam manufacturing facility. Additional solar installations support the Turbhe and Silvassa blending plants, while a wind power project further reduces dependence on conventional electricity.
Sustainable Lubricants Improve Fuel Efficiency
Veedol continued investing in green manufacturing technologies, including automated solvent recovery systems, advanced laboratory chemical fume hoods, and digitally monitored gas pipeline systems to improve operational efficiency and reduce environmental impact.
The company also expanded its collaboration with ICT Mumbai to develop advanced esters and estolides for next-generation environmentally friendly lubricant formulations.
Its latest fully synthetic engine oils improve fuel efficiency by 3 percent to 5 percent while extending oil drain intervals to 25,000 kilometers. Veedol also introduced bio-based greases and cutting fluids designed for industrial applications with operational lifespans ranging from 150,000 kilometers to 250,000 kilometers, helping customers reduce maintenance requirements and improve equipment efficiency.
Water Conservation and Waste Management
Veedol maintained responsible resource management across its operations with total water withdrawal of 12,057 kiloliters during FY26.
The company continued segregating, recycling, treating, and responsibly disposing of hazardous and non-hazardous waste to support circular economy practices, reduce landfill dependence, and strengthen environmental compliance.
Zero Lost-Time Injuries and Verified ESG Reporting
Veedol reported zero lost-time injuries during FY 2025-26, reflecting its continued focus on workplace health and safety.
To strengthen ESG transparency, the company’s key environmental disclosures under the BRSR underwent reasonable assurance in accordance with ISAE 3000 standards by Tirkha Consultants & Advisors LLP, enhancing the credibility and reliability of its sustainability reporting.
Focus on 2030 Climate Goals
Looking ahead, Veedol plans to accelerate renewable energy deployment, strengthen Scope 3 emissions management, improve resource efficiency, and expand sustainable product innovation as it works toward its 2030 climate targets and net-zero emissions goal by 2050.
The FY 2025-26 sustainability report highlights Veedol’s continued progress in reducing emissions, expanding renewable energy, improving operational efficiency, and advancing sustainable manufacturing, reinforcing the company’s long-term commitment to responsible growth and environmental stewardship.
SHAFANA FAZAL
