Water is one of the critical factors of ESG (Environment, Social, and Governance). Fresh and clean water is increasingly endangered despite being considered a plentiful renewable resource mainly due to population growth and economic activity leading to an increase in water demands and pollution.
According to United Nations, if current consumption and production patterns do not change, there will be a 40% shortfall in water supply by 2030. Companies are expected to face increased scrutiny such as limits on water withdrawal and tight regulations over their water use as global water resources face increased stress.
The retail sector is one of the major contributors to the world water crisis. According to the World Bank, the apparel and textile industry consumes a huge amount of water and is a major polluter of water at all stages of its value chain.
Aditya Birla Fashion and Retail Ltd (ABFRL) is a provider of fashion, lifestyle and retail business. The company provides apparel and non-apparel. It provides apparel categories that include casual wear, formal wear, ethnic wear, party wear, and activewear for men, women, and kids among others. ABFRL provides non-apparel products including footwear, perfumes, cosmetics, handbags, fashion jewelry, watches, and others.
In the financial year (FY) ending 2022, ABFRL’s total water withdrawal was 150.03 thousand cubic meters, an increase of around 26% over FY2021.
The company discharged 4.40 thousand cubic meters of water in FY2022 approximately 8% more from FY2021. In the same year, ABFRL’s total water consumption was 145.63 thousand cubic meters, an increase of 27% over the previous year.
Water withdrawn by ABFRL is obtained mainly from groundwater, surface water, and third party with groundwater providing 88% of water, and surface water and third party sources providing around 6% each in FY2022.
The company used 41% renewable water and 72% recycled/reused water in FY2022 across its facilities. ABFRL also has a target to remain water positive in its operations.
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