Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy Conservation
• Environmental Protection
• Health and Safety
• Corporate Social Responsibility
• Governance

Environmental Achievements

• Various measures taken for energy reduction and fuel and oil conservation
• Focus on energy conservation and reduction in fuel cost with the help of in-house R&D

Social Achievements

• Maintaining cordial industrial relations
• Compliance with health & safety standards, environment laws and labor laws
• Commitment to continual improvement in Health & Safety as well as Environmental performance by involving all employees

Governance Achievements

• Continuous steps taken to attain higher levels of transparency, accountability and equity
• Compliance with regulatory requirements
• Constitution of Audit Committee, Stakeholder Relationship Committee and Nomination and Remuneration Committee

Climate Goals & Targets

Environmental Challenges

• High energy prices
• Low consumer sentiments across European region
• High inflation challenges
• Dependence on imported raw materials
• Volatility in foreign exchange rates
• Competition with cheaper substitutes
• Dumped imports of Acrylic Fibre

Mitigation Strategies

• Strategies to augment profit by revenue growth through product innovations, and cost cutting/value engineering
• Focus on seeding of acrylic yarn in new export markets and development of new varieties
• Investing in energy saving, alternate fuels and new products by in-house R&D
• Increasing exports sales by developing new export markets
• Currency hedging policy and practices
• Monitoring inventory exposure

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Indian Accounting Standards (Ind AS)

Certifications: Certificates of Approval for Quality Management Systems by BVQI, Arch of Europe for Commitment to Quality, Leadership, Technology and Innovation by BID

Third-party Assurance: AKR & Associates Chartered Accountants

Sustainable Products & Innovation

• New varieties of dyed yarns

Awards & Recognition

• National Energy Conservation Award (three consecutive years)
• Export Award by SRTEPC
• Recognition as ‘Export-House’
• Recognition for in-house R&D Unit