Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance

Governance Achievements

• Established an IT Security & Network Policy to ensure appropriate and acceptable security practices regarding the use of information resources.

Climate Goals & Targets

Environmental Challenges

• Security breaches
• Unauthorized access to data
• Disruption of service
• Violation of copyright laws
• Introduction of malicious code
• Inappropriate use of company network resources

Mitigation Strategies

• Implementation of IT Security & Network Policy
• Password security measures
• Regular password changes
• Monitoring of internet usage
• Antivirus software installation and updates
• Reporting of security vulnerabilities
• Disciplinary actions for policy violations

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Increased solar energy consumption through onsite installations at Silvassa and Turbhe Plants.
• Invested in two Windmills with generation capacity of 1.5 MW each.

Social Achievements

• Various training programs for employees covering topics like POSH Compliance, behavioral capabilities, cyber security, and skill enhancement.
• Various training programs for workers including Contract Labour covering topics like housekeeping awareness, safety, health and wellness, and emergency response plan.

Governance Achievements

• Established procedures and controls relating to customer credit risk management, monitoring of rolling forecasts, continuous monitoring of gross currency movements, and management of commodity price risk exposure.

Climate Goals & Targets

Environmental Challenges

• Competition
• Input Cost and product positioning
• Financial Risks such as Credit Risk, Liquidity Risk, Foreign Currency Risk and Commodity Price Risk
• Cyber Security Risk
• Human Resource

Mitigation Strategies

• Putting more focus on bazaar trade and exploring various other market opportunities
• Undertaking proper procurement policy and adoption of appropriate portfolio and marketing strategies
• Established procedures and controls are in place relating to customer credit risk management, monitoring of rolling forecasts on the basis of expected cash flow, continuous monitoring of gross currency movements and management of commodity price risk exposure through operating procedures and sourcing policies.
• Review of current systems and implementation of improved ones
• Regular review of remuneration structures to ensure that they are commensurate with the industry standards and by way of implementation of various safety standards and protocols at the plants.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Company sources its inputs mainly from reputed national and international sources / entities, which are expected to be well- versed with BR obligations.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015, ISO 14001:2015, OHSAS 45001:2018, ISO 31000:2018

Third-party Assurance: SGS India Private Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Environment friendly lubricants
• Lubricants for new generation engines meeting stringent emission norms
• Low SAPS Engine Oil suited for new generation BS VI engines
• Extended drain interval tractor engine oil
• Extra-long drain interval synthetic industrial gear oils
• Alternate to lithium chemistry grease
• Polyurea based extended change interval grease
• Hydraulic oil for OEMs
• CNG Oil for OEMs

Awards & Recognition

• Not disclosed