Climate Change Data

Gulshan Polyols Limited

Climate Impact & Sustainability Data (2021-2022, 2023-2024)

Reporting Period: 2021-2022

Environmental Metrics

ESG Focus Areas

  • Community Welfare
  • Education
  • Health & Hygiene
  • Rural development
  • Women empowerment and education
  • Environment Sustainability

Environmental Achievements

  • Initiatives towards green energy and installation of Solar Panels
  • Zero discharge facilities in most plants
  • Distribution of thousands of saplings on Environment Day

Social Achievements

  • Facilitating vaccination and booster dosages for employees and their dependents
  • Contributions towards COVID-19 relief efforts and promoting education
  • Ashayein initiative for women empowerment and education

Governance Achievements

  • Revised CSR Policy pursuant to the Companies (Corporate Social Responsibility) Amendment Rules, 2021
  • Revised Nomination and Remuneration Policy
  • Revised Policy on materiality of Related Party Transactions

Climate Goals & Targets

Medium-term Goals:
  • Expand ethanol capacity to 810 KLPD from current 60 KLPD by FY25
Short-term Goals:
  • 2X Revenue in 2 Years

Environmental Challenges

  • Rising prices of coal and escalated cost of key inputs (Grains)
  • Global coal crisis leading to increased power costs
  • Rising maize & rice prices due to increased export demand
  • Supply chain uncertainties and volatile raw material prices impacting margins
Mitigation Strategies
  • Dynamic costing model
  • Strategic sourcing
  • Digitalization of processes
  • Standardization initiatives
  • Long-term contracts with major customers
  • Efforts to keep fixed costs low and control variable costs

Supply Chain Management

Responsible Procurement
  • Multiple vendors and transporters for major inputs
  • Maintaining 30-45 days inventory to mitigate short-term fluctuations

Climate-Related Risks & Opportunities

Opportunities
  • Ethanol Blending Program

Sustainable Products & Innovation

  • Ethanol

Reporting Period: 2023-2024

Environmental Metrics

Total Energy Consumption:129,24,31,545 MJ
Water Consumption:1,147,481 KL
Waste Generated:226.79 tonnes

ESG Focus Areas

  • Community development
  • Livelihood enhancement
  • Preventive healthcare
  • Environmental sustainability
  • Ethanol blending

Environmental Achievements

  • Commissioning of 250 KLPD Grain Based Ethanol Plant in Assam
  • Implementation of various energy conservation measures (LED lighting, improved power factor, optimized resource consumption)
  • Installation of solar panels

Social Achievements

  • Various training & awareness programs for employees on safety
  • CSR activities in accordance with Schedule VII of the Companies Act, 2013
  • Rural Development Project (Assam) approved

Governance Achievements

  • Appointment of new Independent Directors
  • Reappointment of key managerial personnel
  • Compliance with Secretarial Standards

Climate Goals & Targets

Environmental Challenges

  • Continued pressure on margin due to volatility in grain pricing and government policies
  • Challenges attributed to external factors beyond the Company’s control
  • Input cost pressures
  • Government policy risk concerning rice supply for ethanol production
Mitigation Strategies
  • Demonstrated adaptability and resilience
  • Focussed strategy, impeccable execution, prudent financial management
  • Optimising plant utilisation and enhancing efficiencies
  • Implementing cost-cutting measures
  • Actively optimising production efficiencies

Supply Chain Management

Responsible Procurement
  • Sustainable sourcing of raw materials (rice and maize)

Climate-Related Risks & Opportunities

Awards & Recognition

  • Star Export House in 2016