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