Climes × Anupam Rasayan India Limited
Why you're here · your Carbon X-Ray · corrected 25 Jul 2026

You disclose more than your peers.
You can defend less of it.

0/ 100 · RUBRIC 2.0
 11 of 15  Scope 3 categories itemised. Almost nobody at your size does this
All three scopes,  four years  of history, FY22 to FY25
Limited assurance from  TÜV SÜD  · two separate statements
CDP discloser · B− Climate, B− Water  company-reported 
◆ We corrected our own X-Ray

We re-ran this against your full integrated report, not just the BRSR annexure. Two corrections, both in your favour: your Scope 3 category breakdown sits on printed page 31, outside the annexure we first read, and your CDP B− was recorded as none.

47 → 66. Mid-pack → Strong. Rank 215 → 13 of 1,246 BRSR filers, 99th percentile. Recomputed and re-ranked 25 July 2026.

Cat 1 as reportedPurchased goods, FY24-25, 82% of Scope 3
194,078 t
Cat 1 on activity dataillustrative band, method unstated in your report
≈310,000 to 480,000 t

The frontier is one line: 194,078 tonnes of purchased goods, 82% of your Scope 3, on a method your report never states. Everything downstream of that line is undefendable until it is.

How we close it · picked by the engine, not a menu

One line item.
Then everything you claim stands up.

Hero track · in progress

Cat 1 restatement + evidence ledger

194,078 t rebuilt on supplier activity data, every line traced to a source document

Inside the pilot

Customer pilot · Syngenta

What a named agrochem customer books from you, and what changes when you hand them primary data

Preview

Claims reconciliation ledger

Four numbers in your FY25 report that your own tables do not support. Fixed before a customer's auditor finds them

Preview

Limited to Reasonable assurance

Indicator by indicator. One address was sampled. You have six manufacturing units

CARBON RATING6679· AT OR ABOVE EVERY CHEMICALS PEER WE SCORED THIS WEEK

We walk you through the Cat 1 track. Everything else waits for you to lean in.

Why now · the window is a moment, not a state

Four clocks are running.
Three of them are your customers'.

Regulatory

BRSR Core reasonable assurance

SEBI's phased mandate reaches the top 1,000 listed entities by FY2026-27. Your assurance today is Limited, on one sampled address

Commitment

2027 net zero is 20 months out

Energy Net Zero Scope 1 and Scope 2 Net Zero, both 2027, with no disclosed GHG base year to measure them from

Franchise

Customer Scope 3 budgets are being set now

Your customers carry SBTi value-chain targets. You are a supplier line item in them, on their lowest data-quality tier

Position

58% exports, CSRD and CSDDD diligence

EU-facing customers are cascading supplier diligence. No Indian CSM peer has published a restated, assured Cat 1

The workspace ahead is simulated mid-pilot on your real disclosures, honestly labelled. Five minutes. Let's find your most important problem.

Built from Anupam's FY2024-25 Integrated Annual Report and FY2025-26 audited results. Illustrative figures are labelled.
ClimesCarbon OS ARIAnupam Rasayan India LimitedPersonalised demo · from your Carbon X-Ray · Jul 2026
CARBON RATING6679WITH CLIMES
AR
Simulated environment from your public FY24-25 and FY25-26 disclosures · Disclosed = your reported figure · Illustrative = our estimate, replaced by your data in a pilot
Overview · Anupam Rasayan workspace

Your disclosure is ahead of your sector. Your evidence is not.

Eleven Scope 3 categories itemised, four years of three-scope history, TÜV SÜD Limited assurance. The single number that carries 82% of your Scope 3 rests on a method your report never states.

Category 1 restated on activity data Illustrative · the pilot measures this

0 tCO2e · band 310,000 to 480,000
Purchased goods and services · from 194,078 t reported · 1.6× to 2.5× illustrative uplift band
Cat 1 · on activity dataillustrative, midpoint of the band
≈390,000 t
Cat 1 · as reportedFY24-25, 82% of your Scope 3
194,078 t

Method, stated plainly. 194,078 t sits against FY25 revenue of ₹1,437 cr. That implies a purchased goods intensity far below what activity-based emission factors give for multi-step organic synthesis inputs: halogenated intermediates, solvents, fluorochemicals through Tanfac. The 1.6× to 2.5× band is the typical spend-based to activity-based gap observed in specialty chemicals restatements. It is not a computation on your bill of materials. Phase 1 of a pilot replaces it with supplier-specific data.

This is a labelled illustrative band, never a fact. The point is the size of the question, not the answer.

Scope 3 reported under BRSR Disclosed · IAR FY24-25

0 tCO2e · 67% of total
S1 · 84,581 S2 · 32,046 S3 · 236,144
Rating 66 / 100 · Rubric 2.0 11 of 15 Scope 3 categories TÜV SÜD · Limited assurance CDP B− · company-reported

Total footprint 352,771 tCO2e, FY2024-25. This part is genuinely ahead of your peer set.

tCO2eFY25FY24FY23FY22
Scope 184,58187,45276,39097,519
Scope 232,04629,60232,94541,112
Scope 3236,144253,592264,888n/d
Total352,771370,646374,223n/d

Four years, three scopes, itemised. Credit where it is due.

Pick where we go deeper

Four outcomes from your X-Ray. The Cat 1 track is live end to end, including the Syngenta customer pilot. The rest are one-layer previews.

Hero track · 60% complete

Cat 1 restatement + assurance evidence ledger

194,078 t rebuilt on supplier activity data, every restated line traced to a source document. Includes the Syngenta customer pilot.

66 → 79
rating on publish
Open track →
Preview · one layer

Claims reconciliation ledger

Four numbers in your FY25 report that your own tables do not support. We would rather you heard this from us than from a customer's auditor.

4
breaks, all fixable
Preview →
Preview · one layer

Assurance readiness: Limited to Reasonable

BRSR Core reasonable assurance reaches the top 1,000 by FY2026-27. Your BRSR statement sampled one address.

1 of 6
sites in the sample
Preview →
Preview · one layer

Cat 10 materiality: processing of sold products

You sell intermediates that Syngenta, Sumitomo, Adama and UPL process further. The weakest of your four exclusions, and the easiest to add.

12 of 15
categories, from 11
Preview →

Peer benchmark and next steps live in the left navigation. The tour ends there.

Hero track · 60% complete · simulated mid-pilot state

Restate Category 1, and build the evidence ledger under it

Month two of a pilot: supplier base segmented, primary-data cascade out, activity factors ready to swap in. Simulated

Segment the supplier base by spend and chemistry

Done · 412 suppliers · 82 carry 85.7%

Cat 1 is 194,078 t Disclosed · IAR FY24-25 and 82% of your Scope 3. The first job is finding out which suppliers carry it. Supplier counts and cluster splits below are simulated for the demo. Illustrative cohort

Input clusterSuppliersShare of Cat 1tCO2e as reportedCurrent factor basis
Halogenated intermediateschloro · bromo building blocks2135.0%68,000Spend-based EEIO
Solvents & process chemicals3422.9%44,500Spend-based EEIO
Fluorochemical inputsTanfac-linked stream916.0%31,000Spend-based EEIO
Catalysts & specialty reagents1811.7%22,800Spend-based EEIO
Packaging & consumables276.8%13,200Average-data
Tail · 303 suppliers3037.5%14,578Sector proxy

Eighty-two suppliers carry 85.7% of the number. That is a tractable pilot, not a boil-the-ocean programme.

Primary-data collection cascade

Done · 47 of 82 responded · 22% coverage

Each of the 82 gets a supplier portal invitation: product-level activity data, energy use, process route, and their own emission factors where they have them. Non-responders stay on spend-based factors, visibly flagged. Response counts are simulated. Simulated cascade

47 / 82 responded · 22% of Cat 1 on primary data
Full activity data
0
suppliers · product-level
Partial response
0
energy or spend only
No response yet
0
second wave queued
3

Swap spend factors for supplier activity data

Current step · ready to run

Every cluster recomputes on activity-based factors instead of spend-based EEIO. The result is a labelled range, not a point. The coverage slider below shows what primary data buys you: a tighter band an assurer can sign.

4

Assurance evidence pack

Waiting for the restatement

Every restated line traces to a source document. This is the artefact set a Reasonable-assurance engagement asks for, and the set your BRSR-scoped statement did not have when it sampled one address.

Restated lineSource evidenceEvidence typeTraced
Halogenated intermediates21 suppliersSupplier product carbon footprints · purchase ledger tonnagePrimary · supplier-verified14 of 21
Solvents & process chemicals34 suppliersSupplier energy declarations · ecoinvent process routesHybrid · primary + database19 of 34
Fluorochemical inputs9 suppliersTanfac process data · fluorspar input recordsPrimary · intra-group7 of 9
Catalysts & specialty reagents18 suppliersSupplier declarations · sector activity factorsHybrid7 of 18
Packaging, consumables, tail330 suppliersSpend ledger · average-data factors, flaggedProxy · flaggedProxy tier
GHG Protocol Scope 3 Standard · Cat 1 Consolidation approach stated GHG base year declared and fixed Audit trail · source-linked BRSR Core indicator mapping
What Reasonable assurance needs that Limited does not
Limited assurance is negative form: nothing came to our attention. Reasonable is positive form: the figure is fairly stated. That needs site-level sampling across the units that generate the number, controls testing over the data pipeline, recomputation of a sample of lines, and a documented methodology with a fixed base year. The evidence ledger above is what makes that engagement affordable rather than open-ended.
5

Reduction pathway on the restated baseline

Pending · after publish

Not part of this pilot phase. Once the baseline is defensible it carries a pathway: supplier switching, the coal to biomass transition targeted for 2027, renewable electricity beyond today's 28.7%, and route substitution on the highest-intensity intermediates. Shape below is illustrative, drawn to show what the step produces. Illustrative shape · pending

Business as usual With supplier engagement Index of restated Cat 1 · FY25 = 100

Nothing on this chart is a target. Targets come after the baseline, not before it. That order is the point.

Customer pilot · one layer deeper. One named customer, resolved. In a live pilot this page exists for all 75 clients. Illustrative allocation
Customer drilldown · agrochemicals · 55% of FY26 revenue

Syngenta: what they book from you, and what you could hand them instead

Two readings of one customer relationship. Part 1: where your supplier line item stands in their inventory today. Part 2: what changes when you give them primary data.

PART 1

Current state: you are a supplier line item on their lowest tier

Agrochemicals · FY26 revenue
0%
Disclosed · FY26 results
Top 10 customers
>0%
of revenue · concentration
Exports
0%
14 countries · CSRD reach
Clients · MNCs
75 · 31
Disclosed · FY26
Your data-quality tier
Tier 5
Spend-based EEIO · lowest

What you are in their inventory Illustrative allocation

Anupam does not disclose revenue by customer, so this uses an assumed 10% revenue share for the relationship. It is a worked illustration of the mechanic, not a claim about Syngenta's actual purchases.

On your reported basis
≈35,300 t
cradle-to-gate, allocated
On the restated basis
≈54,900 t
what the restatement implies

The restatement raises what your customer has to book from you. Telling them first is the whole difference between a partner and a problem.

What we deliberately did not assert

Large agrochemical buyers publish group climate commitments and run supplier-engagement programmes. We have not quoted a Syngenta target figure anywhere in this demo, because we have not re-verified one against their current public filing for this call.

Customer target figure · not asserted Named public customer · disclosed by Anupam Their inventory · not accessed

The mechanic below does not depend on their exact target. It depends on the fact that you are a spend-based line item in someone else's Scope 3, which is true for every one of your 75 clients.

We would rather leave a gap on the page than fill it with something we cannot stand behind.

Why this relationship carries risk today Disclosed · FY26 results and IAR FY24-25

Concentration. Top 10 customers are more than 80% of revenue. A single customer's supplier-diligence policy can reprice a large share of the book.
Export exposure. 58% of revenue leaves India, into 14 countries. CSRD and CSDDD diligence cascades through EU-facing customers to you.
Supplier assessment. 0% of value chain partners assessed on environmental parameters. Your BRSR says assessment will start in the current financial year.
Sustainable sourcing. 2.94% of inputs in FY25. The 2030 target of 50% of key suppliers meeting sustainability criteria stands at zero progress.

This is not CBAM. Organic specialty chemicals sit outside CBAM's current product scope, so your direct CBAM liability is essentially nil. The vector is customer diligence, not a border tax.

PART 2

Scenario: what supplier engagement does to this line item

Model the engagement programme running

Drag execution forward and watch four numbers move together. Illustrative model

0%
Attributed to this customer
54,900 t
from ≈54,900 t at zero engagement
Primary-data coverage
22%
of the emissions on this line
Uncertainty band
±22%
what an assurer has to accept
Supplier defensibility tier
Tier 5
Spend-based EEIO

One slider, four readings. The emissions fall, the confidence rises, and the tier is the thing your customer's procurement team actually scores you on.

This line item to FY30 Illustrative projection

Business as usual · ≈56,400 t With engagement · ≈41,200 t

Under BAU this line grows with your revenue. Their target does not. Somebody has to close that gap, and it will be the supplier who can evidence it.

What the customer gets

In a live pilot the customer receives a supplier data pack on the same rails: product-level cradle-to-gate footprints for the specific molecules they buy, the data-quality tier on every line, the assurance status, and a refresh schedule. It drops straight into their Cat 1 inventory and moves your line off their proxy tier. They stop estimating you. You stop being an estimate.

Product-level PCFs Data-quality tier per line Assurance status carried through Preferred-supplier evidence

Your pilot creates their pilot. The same drilldown runs for all 75 clients, and 31 of them are MNCs with their own value-chain targets.

One-layer mockup. Enough to see the shape. In a pilot this becomes a live ledger that runs against every draft before it is filed.
Outcome preview · claims defensibility

Claims reconciliation: four numbers your own tables do not support

All four are computed from figures in your FY2024-25 Integrated Annual Report. Nothing here comes from outside your own disclosure. Disclosed · IAR FY24-25

We would rather you heard this from us than from a customer's auditor

This page is a service, not a gotcha. Every one of these is a narrative-to-table mismatch of the kind that happens when a report is assembled by several teams against a tight filing window. They are all fixable before the FY26 report is filed. Left alone, they are the first thing a supplier-diligence reviewer finds, and they cost you credit on disclosure you actually earned.

The ledger

Claim as writtenWhat your own tables showBreakWhere
"42.58% reduction in Scope 2 emissions"Scope 2 rose 8.3%. 29,602 t in FY24 to 32,046 t in FY25.DirectionNarrative vs GHG table
"9.2% / 9.4% GHG reduction vs FY24" (Scope 1)Scope 1 fell 3.28%. 87,452 t to 84,581 t.MagnitudeNarrative vs GHG table
"5.5% reduction in total Scope 1 and Scope 2"Scope 1+2 fell 0.36%. 117,054 t to 116,627 t.MagnitudeNarrative vs GHG table
"42.58% renewable energy share of total energy consumption"Your energy table gives 7.62% of total energy, or 28.7% of electricity. Elsewhere the narrative says 65 to 67% of total power consumption; the cover essay says 65% of electricity.DenominatorNarrative vs energy table

Four claims, one root cause each. None of them require you to have emitted less. They require the sentence to match the table.

The 42.58% problem

The same figure, 42.58%, is used on three different pages to mean three mutually exclusive things.

Renewable share of total energy consumption42.58%
Energy-consumption reduction42.58%
Scope 2 reduction42.58%

A reviewer who spots this once will re-open every percentage in the report. That is the real cost: it puts the numbers you did get right under suspicion too.

Also worth fixing

Contents page misdirection. The contents page points readers to the BRSR-scoped assurance statement as the "GRI Assurance Statement". They are two different engagements with different criteria and different sampling.
No GHG methodology statement. No GHG Protocol reference, no ISO 14064, no consolidation approach stated anywhere in 314 pages.
No disclosed GHG base year. Two 2027 net-zero commitments, no base year to measure them against.
Scope 3 components sum to 236,145 against a published total of 236,144. A one-tonne rounding difference, but it is the kind of thing a Reasonable-assurance recomputation flags.

How the ledger works in a pilot

✓ IN PLACE
Four years of tables

FY22 to FY25, three scopes, 11 Scope 3 categories itemised

Your claims score is 10 out of 20 today, which is the neutral band. It is neutral because the claims cannot be checked, not because they are wrong.

One-layer mockup. Enough to see the shape. In a pilot this becomes a tracked readiness programme against your assurer's scope letter.
Outcome preview · assurance readiness

Limited to Reasonable: what the gap actually is

You hold two Limited-assurance statements from TÜV SÜD South Asia. Neither is Reasonable. The phrase "BRSR Core" does not appear anywhere in the 314 pages. Disclosed · IAR FY24-25

Your two assurance statements, side by side

StatementCriteriaFieldworkSamplingLevel
BRSR-scopedUID 4153837455 · signed 24 Jul 2025BRSR Annexure II · SEBI5 to 11 Jun 2025One address: Surat head officeLimited
GRI-scopedUID 3153072285 · signed 8 Aug 2025GRI Standards 2021, with reference toNot stated here7 on-site + 11 off-site samplesLimited

The contents page of your report directs readers to the BRSR-scoped statement as the "GRI Assurance Statement". Two engagements, two criteria, two sampling plans, one label.

The sampling problem, drawn

The BRSR-scoped statement covers energy (P6-E1), water (E3 and E4), air emissions (E6), Scope 1 and 2 (E7), waste (E9) and Scope 3 (L2). It sampled one address, and no manufacturing unit.

Manufacturing units
1A
Sachin
1B
Sachin
2
Sachin
6
Sachin
3
Jhagadia
4
Jhagadia
Address sampled
HO
Surat
Consolidated entities in the reporting boundary9
Manufacturing units in Gujarat · ~30,000 MTPA6
Addresses sampled in the BRSR-scoped engagement1

A Limited opinion on site-generated indicators, sampled at the office where none of them are generated.

Indicator by indicator: what Reasonable needs

IndicatorTodayGap to Reasonable
P6-E1 · Energy1,316,083 GJLimitedMeter-level records per unit, ISO 50001 evidence pulled through, unit-level recomputation
P6-E3 / E4 · Water517,048 KL withdrawnLimitedSite abstraction and discharge logs, third-party invoices reconciled
P6-E5 · ZLDone Jhagadia unit onlyExcluded from scopeBring into scope, and state clearly that ZLD is one unit, not company-wide
P6-E6 · Air emissionsLimitedStack monitoring records per unit, calibration certificates
P6-E7 · Scope 1 and 2116,627 tCO2eLimitedMethodology statement, consolidation approach, fixed base year, fuel and grid factor lineage
P6-E9 · WasteLimitedManifest-level reconciliation, disposal contractor evidence
P6-L2 · Scope 3236,144 tCO2e total onlyLimited · total onlyCategory-level assurance. The 11-category table lives in the narrative, outside the BRSR annexure the assurer read

The category table you should get the most credit for is the one your BRSR assurance never looked at.

Why the clock matters

SEBI's BRSR Core regime phases reasonable assurance across the top listed entities, reaching the top 1,000 by FY2026-27. Anupam sits in the Nifty Smallcap 250 with a market capitalisation around ₹14,400 cr. Separately, your FY26 annual report and BRSR are not yet filed as of 25 July 2026, and FY25's was filed on 3 September 2025. There is a drafting window open right now.

Methodology statement Base year declared Unit-level evidence Category-level Scope 3 Claims reconciled first
One-layer mockup. Enough to see the shape. In a pilot this becomes a scoped Cat 10 screening with your top customers.
Outcome preview · Scope 3 breadth

Category 10: the exclusion that is hardest to defend

You itemise 11 of 15 categories. Four are omitted. Three of them are defensible for a custom synthesis business. One is not. Disclosed · IAR FY24-25

Your four omissions, ranked by how easy they are to defend

CategoryDefensibility todayOur read
Cat 10 · Processing of sold productsWeakYou sell intermediates. By definition they are processed further by the buyer. This is the category the standard was written for.
Cat 11 · Use of sold productsReasonableIntermediates have no direct use phase. Downstream of Cat 10, not instead of it.
Cat 12 · End-of-life of sold productsReasonableFate is determined by the finished product, not by you.
Cat 14 · FranchisesNot applicableNo franchise model. Clean exclusion.

Three good exclusions and one that a reviewer will ask about. Adding the one moves you from 11 of 15 to 12 of 15.

Why Cat 10 is unavoidable for a CSM business

Your business model is custom synthesis. You make intermediates that a customer converts into an active ingredient or a finished formulation. Named public customers include Syngenta, Sumitomo Chemical, UPL, Adama and DuPont, all of whom run further processing steps on what you ship.

End market · agrochemicals55%
End market · pharma20%
End market · performance verticals18%
End market · personal care7%

Disclosed · FY26 results Every one of those percentages describes a product that is processed after it leaves you.

What a Cat 10 screening looks like

We have deliberately not put a tonnage on this page. Cat 10 cannot be estimated credibly from public data because it depends on the conversion route each customer runs, which only they know. That is exactly why it starts as a screening with your top customers, not as a number in a report.

1
Product family map

Group your shipped intermediates by the downstream conversion they feed

Weeks 1 to 2
2
Customer conversion enquiry

Top 10 customers, one question each: what happens to this molecule next

Weeks 3 to 6
3
Screening estimate

Route-based energy and yield assumptions, published as a labelled range

Weeks 7 to 9
4
Disclose with method

12 of 15 categories, with the estimation method and its limits stated

FY26 report

A labelled screening estimate with a stated method scores better than a silent omission. It also opens the customer conversation you want to be having anyway.

System of record

Artifacts

Every number starts as a validated upload or API run with row-level lineage. This is the simulated mid-pilot state. The public documents are real; the supplier files and their record counts are simulated. Simulated

NameMethodologyFeedsLoadedRecordsStatus
anupam_integrated_report_FY24-25.pdf2nd Integrated Report · six capitalsDocument extractionAll scopes · energy · waterJul 17, 2026314 ppCompleted
anupam_brsr_FY24-25.pdfstandalone BRSR · Scope 3 total onlyBRSR parseP6 indicatorsJul 17, 202648 ppCompleted
tuv_sud_assurance_brsr_4153837455.pdfLimited · one address sampledAssurance scope parseAssurance status per indicatorJul 17, 20261Completed
tuv_sud_assurance_gri_3153072285.pdfLimited · 7 on-site + 11 off-siteAssurance scope parseAssurance status per indicatorJul 17, 20261Completed
anupam_fy26_audited_results.pdffiled 23 May 2026Financial extractionRevenue · order book · end marketsJul 18, 20261Completed
supplier_master_spend_FY25.csvtier 1 supplier spend by categoryCat 1 segmentationSupplier clustersJul 20, 2026412Simulated
supplier_primary_responses_w1.csvwave 1 portal responsesActivity-data ingestCat 1 restatementJul 22, 202647Simulated

In a pilot the two simulated files are replaced by your actual supplier master and your actual portal responses. Nothing else on this list changes.

Datasets · figures · assurance status

Data registry: every figure in this workspace, with its source

Four assurance states, used consistently across every page. If a number here is not in this table, it is not in this demo.

Figures registered
0
Each with a source
Assured · Limited
0
TÜV SÜD, two statements
Disclosed, not assured
0
Incl. the Scope 3 category table
Illustrative
0
Ours, labelled, replaced in a pilot

Emissions · tCO2e · consolidated

FigureFY25FY24FY23FY22Source & status
Scope 184,58187,45276,39097,519Disclosed · IAR FY24-25 · TÜV SÜD Limited
Scope 2location-based · no market-based figure disclosed32,04629,60232,94541,112Disclosed · IAR FY24-25 · TÜV SÜD Limited
Scope 3total only in the BRSR annexure236,144253,592264,888n/dDisclosed · IAR FY24-25 · TÜV SÜD Limited
Total footprint352,771370,646374,223n/dDisclosed · IAR FY24-25
Scope 1 + 2116,627117,054109,335138,631Computed from disclosed rows

Scope 3 is 67% of the FY25 total. No GHG methodology statement, no consolidation approach and no base year are disclosed anywhere in the report.

Scope 3 by category · 11 of 15 · tCO2e

This table appears in the Natural Capital narrative on printed page 31, not in the BRSR annexure. The standalone 48-page BRSR carries only the 236,144 total. The category numbers below are our GHG Protocol mapping; the published table carries no category numbers.

CatCategoryFY25FY24Status
1Purchased goods and services82% of Scope 3 · the frontier194,078204,800Disclosed · p.31 · not individually assured
2Capital goods121,317Disclosed · p.31 · not individually assured
3Fuel and energy-related activities24,32423,513Disclosed · p.31 · not individually assured
4Upstream transportation and distribution5,8875,239Disclosed · p.31 · not individually assured
5Waste generated in operations3,2874,184Disclosed · p.31 · not individually assured
6Business travel415793Disclosed · p.31 · not individually assured
7Employee commute1,4851,752Disclosed · p.31 · not individually assured
8Upstream leased assets987146Disclosed · p.31 · not individually assured
9Downstream transportation and distribution4,41410,206Disclosed · p.31 · not individually assured
13Downstream leased assets70328Disclosed · p.31 · not individually assured
15Investments1,1861,313Disclosed · p.31 · not individually assured
10Processing of sold productsomittedomittedOmitted · weakest exclusion
11Use of sold productsomittedomittedOmitted
12End-of-life of sold productsomittedomittedOmitted
14FranchisesomittedomittedOmitted · not applicable

Components sum to 236,145 against a published total of 236,144. A one-tonne rounding difference. The category table is definitively outside the SEBI/BRSR assurance scope; whether it falls inside the GRI-scoped statement is ambiguous, so we treat it as disclosed but not individually assured.

Energy · FY2024-25

Total energy1,316,083 GJDisclosed
Renewable · electricity only100,319 GJDisclosed
Renewable share of total energy7.62%Computed from disclosed
Renewable share of electricity28.7%Computed from disclosed
Non-renewable fuel910,853 GJDisclosed
Non-renewable electricity249,011 GJDisclosed
Purchased steam55,900 GJDisclosed
Solar capacity12.5 MW + 5.4 MWDisclosed

Zero renewable fuel. Coal to biomass switch targeted 2027. ISO 50001 certified.

Water · FY2024-25

Withdrawn · 100% third-party517,048 KLDisclosed
Consumed459,528 KLDisclosed
Discharged57,520 KLDisclosed
ZLD coverage1 Jhagadia unitExcluded from assurance

ZLD is one unit, not company-wide. The ZLD indicator, BRSR P6-E5, was excluded from the assurance scope.

Financials, markets and supply chain

Revenue from operations · FY2025-26₹2,365 crDisclosed · FY26 audited
Company headline incl. other income₹2,384 crDisclosed · FY26
EBITDA · PAT · FY26₹543 cr · ₹222 crDisclosed · FY26
Order book₹14,646 crDisclosed · FY26
Revenue from operations · FY2024-25₹1,436.97 crDisclosed · FY25
Exports · countries58% · 14Disclosed · FY26
Clients · MNCs · top 10 share75 · 31 · >80%Disclosed · FY26
Value chain partners assessed on environment0%Disclosed · BRSR P6-L7
Sustainable sourcing share of inputs2.94%Disclosed · FY25
Sourced within district / neighbouring72.37%Disclosed · FY25
Imported inputs · MSME share14.25% · 1.48%Disclosed · FY25
Workforce2,987Disclosed

FY26 growth is substantially inorganic. Jayhawk Fine Chemicals, US, was acquired. FY26 annual report and BRSR are not yet filed as of 25 July 2026, so emissions here are FY2024-25 while revenue is FY2025-26.

Ratings, targets and frameworks

CDP · B− Climate Change, B− Water SecurityCompany-reported
S&P Global CSA 35 → 38 · ESG 38 → 41 (FY24-25)Company-reported
S&P public page · CSA 42 / ESG 44 (2025 assessment)Public
SBTi · none. The phrase "science-based target" does not appear in the reportAbsent
2027 Energy Net Zero (Scope 1) · 2027 Scope 2 Net ZeroDisclosed · no base year
Freshwater −5 to 10% by 2030, base FY2020-21 · 1.92% achievedDisclosed
Zero waste to landfill 2027, revised from 2025 · 87.15% achievedDisclosed
50% of key suppliers meet sustainability criteria by 2030 · zero progressDisclosed
2nd Integrated Report (IIRC six capitals) · GRI with reference to · BRSR since FY2021-22 · UNGC participantDisclosed
TCFD · IFRS S1/S2 · ISSBNone adopted

CDP closed public individual-score access at the end of 2024, so the B− grades cannot be independently verified. A CDP response record, ID 901939, does exist. The grades appear once, in an awards box, outside both assurance statements. We label them company-reported everywhere.

Method · how the illustrative figures are built

The Cat 1 restatement band the only estimate that matters
Cat 1 is 194,078 t against FY25 revenue of ₹1,437 cr. Their disclosed Cat 1 implies a purchased-goods intensity far below what activity-based emission factors give for multi-step organic synthesis inputs: halogenated intermediates, solvents, fluorochemicals via Tanfac. The 1.6× to 2.5× uplift range is a labelled illustrative band derived from the typical spend-based-to-activity-based gap observed in specialty chemicals restatements. It is not a computation on their bill of materials. Phase 1 of a pilot replaces it with supplier-specific data. We never present the restated number as fact.
Supplier clusters, counts and responses
The 412 suppliers, the 82 that carry 85.7% of Cat 1, the cluster splits, the 47 responses and the 22% primary-data coverage are all simulated to show a realistic mid-pilot state. Only the 194,078 t total and its 82% share of Scope 3 are disclosed.
The customer allocation on the Syngenta page
Anupam does not disclose revenue by customer. The Syngenta page uses an assumed 10% revenue share to illustrate the mechanic. It is not a claim about that customer's actual purchases, and no Syngenta target figure is quoted anywhere in this demo.
The 66 → 79 arc
From 65.7 on Rubric 2.0: +7 for Limited to Reasonable assurance, +5 for an SBTi commitment letter filed, +1.1 for Scope 3 breadth moving from 11 of 15 to 12 of 15 (the breadth term is 16 × categories ÷ 15). That gives 78.8, shown as 79. Modelled, not achieved. The current score of 66 and the rank of 13 of 1,246 are both live from the X-Ray database, recomputed and re-ranked on 25 July 2026. We do not project a rank at 79.
Why version-pin
Pinned datasets and factor sets make every run reproducible: same inputs, same result, forever. New releases land as new versions; history keeps its pins. That is what makes a number auditable, and it is the part of this workspace that is the real product rather than a simulation.
Peer benchmark · Indian specialty chemicals

At 66 you are not mid-pack. You are the top of this set.

Every score below comes from a Carbon X-Ray Climes ran the same week. Rubric 2.0 scores Corrected and re-ranked on 25 July 2026: you are rank 13 of 1,246 BRSR filers, 99th percentile, and the band moved from Mid-pack to Strong. DISCLOSED · Climes X-Ray DB, recomputed 25 Jul 2026

X-Ray scores · chemicals peer set

31
Amines & Plast.
31
Apcotex
39
Alkyl Amines
64
Aarti Ind.
64
Tata Chem.
66
You · rank 13
79
With Climes

At 66 you are at or above Tata Chemicals and Aarti. That is a genuinely different conversation from "sector median". 79 projected

What lifts you above the set. Scope 3 breadth. Eleven itemised categories against a sector where most disclose a single total, or nothing.
What holds you at 66. Claims defensibility at 10 of 20, no SBTi, and Limited rather than Reasonable assurance.
What the 79 assumes. Reasonable assurance, an SBTi commitment letter filed, and Cat 10 added. Nothing that depends on emitting less.
Where you sit in the full universe. Rank 13 of 1,246, up from 215. Tata Chemicals and Aarti are both rank 14. Rank 13 is high partly because most of the 1,246 filers disclose very little. It is a real rank on a real universe, not a claim that you are the 13th best decarboniser in India. What it measures is the quality and completeness of your disclosure.

Your 66, and the 47 we sent on Friday

The X-Ray emailed to you last week said 47. It was built on two wrong inputs. We re-ran it against the full integrated report.

Rubric categorySentCorrected
1 · Disclosure & Compliance/ 50 · BRSR 15 + Limited assurance 8 + SBTi 0 + CDP 72330
2 · Emissions & Scope 3/ 30 · S1 3 + S2 3 + S3 8 + breadth 16×11/15 = 11.71425.7
3 · Claims Defensibility/ 20 · neutral band1010
Total4765.7 → 66
BandMid-packStrong
Universe rankof 1,246 BRSR filers21513
Percentile82nd99th

The two wrong inputs: Scope 3 categories disclosed recorded as 0, when you itemise 11 of 15; and CDP status recorded as none, when you report B− on both questionnaires.

The category you did not gain a point on is claims. That is the one this demo is really about.

What we are not showing you

We have not put a disclosure-detail comparison on this page. We hold scores for these peers, not a re-verified breakdown of what each of them itemises, and we are not going to build a competitive claim on top of data we have not checked for this call. If that comparison is useful to you, it is a week of work and we will do it properly.

Next steps · where this demo ends

From simulation to your supplier data, before the FY26 report is filed

Everything amber in this workspace exists to be replaced by your data. Here is the path, and what it needs from you.

The pilot path

X-Ray baseline

66 / 100 corrected · gaps scored · this workspace seeded

Done · Jul 2026
2
Claims reconciliation

Four breaks closed · methodology statement · base year fixed

Weeks 1 to 4
3
Cat 1 restatement

82 suppliers · primary-data cascade · labelled band collapsing

Weeks 2 to 12
4
Assurance readiness

Evidence ledger · unit-level sampling plan · Reasonable-ready

Weeks 8 to 16
5
Customer packs + Cat 10

Top 10 customers get supplier data packs · Cat 10 screening opens

FY27

What the pilot needs from you

Tier-1 supplier master with FY25 spend by category · the FY25 GHG working files behind the published tables · one working session with sustainability, procurement and the report authors · sign-off on the supplier data-request template · an introduction to one customer's sustainability contact. Carbon OS does the segmentation, the factor work, the computation, the lineage and the outputs.

Your effort: data access and approvalsOur effort: everything else

The operating rhythm after

Monthly · supplier responses land as validated artifacts, coverage and band update.
Quarterly · versioned inventory close, claims ledger run against any draft communication.
Yearly · BRSR and integrated report workbook, assurance pack handed to TÜV SÜD, customer data packs refreshed.

Year two is refresh, not rebuild. That is the whole reason to put it on rails now, while the FY26 report is still being drafted.

The ask

A scoped, paid pilot: Category 1 restatement plus assurance readiness, run against the FY26 reporting cycle. Every amber label in this demo becomes your number, with lineage your assurer can sample and a claims ledger that stops the narrative drifting from the tables. If the direction is wrong, we will have found that out honestly, together.

We opened this call by correcting our own error. That is the standard we are offering to hold your numbers to.

Transparency

How this demo was built

This is a simulation, and we would rather you know exactly how it works than wonder. Everything here was generated from public documents by the Carbon OS engine, the same engine that would run on your supplier data in a pilot.

What is real

Marked Disclosed throughout. From your FY2024-25 Integrated Annual Report (314 pages, TÜV SÜD Limited assurance) and your FY2025-26 audited results of 23 May 2026:

Scope 1, 2 and 3 for FY22 to FY25 · the 11-category Scope 3 table on printed page 31 · total energy 1,316,083 GJ and its splits · water 517,048 KL and its splits · both TÜV SÜD assurance statements, their UIDs, criteria and sampling · FY26 revenue ₹2,365 cr, EBITDA ₹543 cr, PAT ₹222 cr, order book ₹14,646 cr · end-market and export splits · 75 clients, 31 MNCs, top 10 above 80% · 0% of value chain partners assessed · 2.94% sustainable sourcing · both 2027 net-zero commitments · the four claim reconciliation breaks, all computed from your own tables · the peer X-Ray scores.

The CDP B− grades are marked Company-reported, never Disclosed, because CDP closed public individual-score access at the end of 2024 and the grades appear only in an awards box outside both assurance statements.

What is illustrative

Marked Illustrative throughout. Built by the estimation engine, replaced by your data in a pilot:

The restated Cat 1 band of ≈310,000 to ≈480,000 t and its ≈390,000 t midpoint · the supplier cluster splits, the 412 supplier count, the 82 that carry 85.7%, the 47 responses and the 22% primary-data coverage · the 60% mid-pilot progress state · the assurance evidence ledger counts · the 10% customer revenue-share allocation on the Syngenta page and every figure derived from it · the FY30 trajectories · the projected rating of 79.

Method: the Cat 1 restatement band, stated exactly
Cat 1 is 194,078 t against FY25 revenue of ₹1,437 cr. Their disclosed Cat 1 implies a purchased-goods intensity far below what activity-based emission factors give for multi-step organic synthesis inputs: halogenated intermediates, solvents, fluorochemicals via Tanfac. The 1.6× to 2.5× uplift range is a labelled illustrative band derived from the typical spend-based-to-activity-based gap observed in specialty chemicals restatements, not a computation on their bill of materials. Phase 1 of a pilot replaces it with supplier-specific data. We never present the restated number as fact.
Method: the 66 → 79 arc
From 65.7 on Rubric 2.0: +7 for Limited to Reasonable assurance, +5 for an SBTi commitment letter filed, +1.1 for Scope 3 breadth moving from 11 of 15 to 12 of 15. That gives 78.8, shown as 79. Modelled, not achieved.

What we deliberately did not assert

No Syngenta target figure. We describe the mechanic of customer value-chain targets without quoting one, because we did not re-verify their current public filing for this call.
No projected rank at 79. The rank you have today, 13 of 1,246, is real and re-ranked on 25 July 2026. We do not model where 79 would place you, because that depends on what 1,245 other companies do next.
No CBAM claim. Organic specialty chemicals sit outside CBAM's current product scope, which covers cement, iron and steel, aluminium, fertilisers, electricity and hydrogen. Your direct CBAM liability is essentially nil, and we are not going to sell you a risk you do not have.
No Cat 10 tonnage. It depends on each customer's conversion route, which only they know. It starts as a screening, not as a number.
No page numbers we could not check. Printed page 31 for the Scope 3 category table is cited because we verified it. The other claim locations are described by section, not by page.
Official Anupam logo in use. Taken from the header asset on anupamrasayan.com, unmodified, transparent PNG. We do not hand-trace logos.

Why we demo this way

Nothing here pretends to be your live account. Carbon OS is a working platform. The artifacts, datasets, factor registry and lineage rails under this demo are the real product. The outcome tracks are simulations built to find out, with you, which problem matters most. If this direction is right, a scoped pilot replaces every amber label with your supplier data.

We opened by correcting our own number. A single unlabelled estimate on this page would undo that, so there isn't one.

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