Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Innovation
• Business Continuity
• De-Risking
• Education

Environmental Achievements

• Implemented a zero liquid discharge system for effluent treatment at Bareilly plant
• Recycling of boiler & cooling tower blowdown through reverse osmosis (RO) plant at Bareilly plant
• Recycle of water during distillation and chiller mechanism, piping use in R&D
• Old obsolete vacuum systems were replaced by latest energy efficient steam jet ejectors reducing water consumption substantially

Social Achievements

• Contributions to Keshavlal V. Bodani Education Foundation for students with learning disabilities
• Contributions to Nandesari Education Trust and Kasturba Gandhi Balika Vidyalaya for promoting educational facilities
• Contribution to Chief Minister Relief Fund (Uttar Pradesh) to combat COVID-19 pandemic

Governance Achievements

• Established a robust Business Risk Management framework
• Implemented a vigil mechanism/whistleblower policy
• Complied with the mandatory requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting plant operations and sales
• Spike in certain raw material prices
• FMCG slowdown
• Industry concentration
• Raw material price volatility
• Foreign exchange risks

Mitigation Strategies

• Work from home facility and infrastructure for smooth operations
• Protocols on social distancing in all plants
• Established, diversified and sustainable raw material sourcing policy
• Robust inventory management system
• Internal control systems
• Hedging activities for foreign currency exposures

Supply Chain Management

Responsible Procurement

• Sustainable sourcing
• Vendor development program
• Supplier evaluation through self-assessment questionnaires

Climate-Related Risks & Opportunities

Opportunities

• Co-generation plant using biomass and renewable energy resource

Reporting Standards

Frameworks Used: Ind AS

Certifications: WHO-GMP, USFDA, ISO 14001:2015

Third-party Assurance: Bagaria & Co LLP

Sustainable Products & Innovation

• Astromusk
• Rose Nitrile
• Astromeran

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Governance Achievements

• Formulated Code of Conduct for Board and Senior Management Personnel
• Implemented Anti-Bribery & Anti-Corruption Policy
• Established Policy on Vigil Mechanism
• Implemented Policy on Materiality of Related Party Transaction
• Implemented Code of conduct for prevention of Insider Trading
• Implemented Policy on Diversity of Board of Directors
• Implemented Nomination and Remuneration Policy
• Implemented Risk Management Policy

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Sustainable Procurement Policy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Guidelines on Responsible Business Conduct (NGRBC)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implemented a Zero Liquid Discharge (ZLD) mechanism at the Ambernath plant.
• Installed a biomass-based boiler to reduce fossil fuel dependence.
• Undertook various energy efficiency initiatives to reduce greenhouse gas emissions.
• Received a B- rating in the Management band from the Carbon Disclosure Project (CDP).

Social Achievements

• Implemented robust Occupational Health & Safety system and adopted ISO 45001.
• Established a safety committee to address occupational hazards.
• Regular trainings and awareness programs conducted for employees.
• Implemented measures for employee well-being, including health insurance, accident insurance, and maternity benefits.

Governance Achievements

• Established an Anti-Corruption and Anti-Bribery Policy.
• CSR Committee responsible for reviewing and overseeing sustainability issues.
• Internal ESG committee works closely with CSR Committee.

Climate Goals & Targets

Environmental Challenges

• Climate change and emissions risks in the chemical industry.
• Occupational health and safety risks due to hazardous chemicals.
• Product safety and quality risks.
• Corporate governance and regulatory compliance risks.

Mitigation Strategies

• Engaging in energy-efficient technologies and using renewable energy (biomass boilers).
• Adopting ISO 45001 for health and safety management.
• Implementing stringent quality control, regular audits, and employee training.
• Ensuring transparency, accountability, and ethical conduct through clear guidelines and processes.

Supply Chain Management

Responsible Procurement

• Sustainable sourcing procedures

Climate-Related Risks & Opportunities

Opportunities

• Increase the renewable energy mix

Reporting Standards

Frameworks Used: NGRBC

Certifications: FSSAI, US FDA, REACH, WHO GMP, ISO 45001, ISO 14001, ECOVADIS, ISO 9001, Halal, Kosher, CDP

Third-party Assurance: NA