Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health, Safety and Environment
• Intellectual Property
• Business Continuity
• Climate Change
• IT Data/Cybercrime
• Data Protection
• Employee Training
• Plant & Machinery Breakdown
• Clean Environment
• Sustained Performance & Quality
• Brand Risk

Environmental Achievements

• Reduction of groundwater consumption by 50%
• Significant reduction in wastewater generation
• Two plants achieved Zero discharge
• Installation of 0.5 MW Solar Panels at Visakhapatnam facility
• Installation of 50 KLD MBBR type STP at Visakhapatnam facility
• Modification of 4 no’s of 500 KVA DG sets with dual fuel (PNG) and RECD at Bhiwadi facility
• Fuel switch to Natural gas in driers at Bhiwadi facility
• Successful product recycling process at Bhiwadi plant (22% recycled)

Social Achievements

• Ongoing training programs on various topics including communication skills, EHS, business ethics, anti-bribery, data privacy, etc.
• Equal employment opportunities policy
• Grievance redressal mechanism in place
• Implementation of occupational health and safety management system across all manufacturing facilities

Governance Achievements

• Code of Conduct for Board and Senior Management to avoid/manage conflict of interest
• Anti-corruption and anti-bribery policy
• Whistleblower policy
• Periodic review of business responsibility performance by the Board of Directors

Climate Goals & Targets

Environmental Challenges

• Non-compliance of safety measures by employees
• Non-awareness of usage of safety equipment
• Use of hazardous materials
• Leakage of confidential information
• Impact on R&D activities
• Conflicts with outside parties
• Business interruption due to pandemic/natural calamity
• Inadequate entrepreneurial risk plan
• Confidential data loss through USB/Floppy or other drives
• Risk of inadequate IT data recovery plan and firewalls to protect cybercrime
• Failure to provide clean environment
• Business loss, customer dissatisfaction, impact on brand image

Mitigation Strategies

• Detailed SOPs on Employee Health and Safety measures
• Training for awareness of Safety equipment
• Focus on reducing the use of hazardous material and effluent
• Medical checkup of employees
• Encouraging work from home in pandemic
• Use of safety mask and safety glass at workplace
• Registration of IPs (Intellectual Property)
• Signing of Non-Disclosure agreements
• Training and awareness on Intellectual Property
• Use of secured mode for exchange of Data
• IT Upgradation
• Cyber security
• Adequate coverage through insurance policies
• Planning to have entrepreneurial risk policy
• Cyber Insurance policy
• Using firewall
• Policy for usage of IT data
• Restricted data access control and data encryption
• Risk Audit
• Disposal of Hazardous material and e-waste
• Providing end to end solution
• Selection of efficient partners
• Customer oriented approach
• Building the brand image

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Opportunities

• Use of recycled material
• Green energy introduced in manufacturing

Reporting Standards

Frameworks Used: SEBI (BRSR)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 27001:2022

Third-party Assurance: Bureau Veritas

Environmental Metrics

ESG Focus Areas

• Safety
• Sustainability
• Diversity
• Community Engagement
• Decarbonization

Environmental Achievements

• Achieved a 14% recycling rate of raw materials.
• Implemented energy-saving campaigns across plants, resulting in reduced energy consumption.
• Installed 0.5 MW capacity solar renewable energy.

Social Achievements

• CSR initiatives directly impacted more than 11,000 people with 20 major projects and approximately ₹587.77 lacs CSR spend.
• Implemented skill development programs impacting 547 students (267 employed, 178 undergoing training) and 34 girls (22 started own ventures, 10 employed).
• Implemented unique and impactful interventions focusing on creating sustainable social benefits in communities around RHIM operations.

Governance Achievements

• Established a robust internal control system.
• Implemented RHIM Code of Conduct emphasizing ethical standards and employee training.
• Regular cross-departmental mentoring programs implemented.

Climate Goals & Targets

Environmental Challenges

• Subdued global demand for refractories impacting global pricing levels.
• Weaker market environment in export geographies.
• Decision to step away from business in sanctioned jurisdictions.
• Volatility in raw material prices and supply chain disruptions.
• Integration challenges with recent acquisitions.

Mitigation Strategies

• Successful integration of acquisitions of Dalmia OCL and Hi-Tech Chemicals resulting in strong synergies.
• Cost management initiatives yielded significant savings.
• Strategic combination of organic and inorganic growth initiatives.
• Proactive implementation of initiatives aimed at reducing carbon footprint.
• Leveraging Group R&D and investments in sustainable technologies.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct outlining standards and expectations.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Products with recycled content

Awards & Recognition

• 5-Star rating in Contractor Safety Management (CSM) audit.
• Safe Contractor of the Year 2024.
• Best Safety Performer for 2023 (fourth consecutive time).