Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment & Sustainability
• Local community involvement and social development
• Labour/ industrial relations
• Mining
• Health & Safety (Occupational Hazards)
• Global regulations on curbing Green House Gas Emissions
• Climate Change and Global Warming

Environmental Achievements

• Achieved plastic negativity by using Plastic Waste as fuel in kilns and sourcing additional plastic waste
• Reduced Greenhouse gas emissions through various initiatives like Installation of Multichannel Burner for Kilns and Proposal for Installation of Solar Power plant
• Planted & harvested 14,91,807 samplings in afforestation activities

Social Achievements

• Maintaining healthy relationships with local communities
• Providing primary and secondary schooling facilities to the local community
• Various forms of medical assistance to employees, their families, and those living in surrounding villages

Governance Achievements

• Put in place a strong and transparent governance framework to instill and enforce ethical values
• Company Code of Conduct specifies objectives, duties and guidelines for employees as well as the senior management

Climate Goals & Targets

Environmental Challenges

• Risks associated with environmental pollution through the discharge of waste and hazardous emissions
• Maintaining stable relations with Labour Unions and addressing labour issues
• Limestone mining
• Occupational hazards
• Consumption of limestone and fossil fuels leading to carbon emissions
• Climate Change and global warming related risks

Mitigation Strategies

• Water management, Waste management, Emission management and Energy management initiatives
• Targeted reduction of CO2 emissions, use of green energy, change in product mix, energy efficiency, use of alternative fuels and raw materials
• Fostering harmonious relations with Labour Unions and taking proactive steps to resolve issues
• State-of-the-art environment-friendly and safe mining techniques, mine rehabilitation and biodiversity protection
• 'Zero tolerance’ policy for safety breaches
• Switching to waste heat recovery, Optimizing energy consumption, Carbon sequestration, Optimizing clinker use, exploring renewable energy, resource and fuel sources

Supply Chain Management

Responsible Procurement

• Procurement practices and selection criteria focused on protection of environment, societal interest and cost-effective procurement

Climate-Related Risks & Opportunities

Opportunities

• Shift to sustainable practices like exploring renewable energy, resource and fuel sources

Reporting Standards

Frameworks Used: NGRBC

Certifications: IS/ISO 9001, 14001, 18001, 45001 & 50001, ISO 45001:2018

Environmental Metrics

ESG Focus Areas

• Decarbonisation
• Energy Transition
• Circular Economy
• Biodiversity
• Water Management
• Safe Operations
• Community Development

Environmental Achievements

• Reduced net CO2 emissions per tonne of cementitious material (Scope 1) by 12% over 632 kg CO2/t cementitious material from base year 2017
• Achieved EP100 commitment ahead of 2035 target by doubling energy productivity from 2010 baseline
• Increased renewable energy capacity by 77% and WHRS capacity by 32% in FY24 compared to FY23, reaching 890 MW of Green Energy
• Achieved 22% electricity substitution by green power in FY24
• Became 5 times water positive
• Became 3.4 times plastic negative

Social Achievements

• Launched Digital Health and Well-being app, AB Multiply, enrolling 26,000 employees
• Over 9,000 employees benefited from company-sponsored annual physical health checkups
• Over 1,000 employees or their family members accessed mental health counselling services
• Improved employee engagement scores across all areas in ABG Vibes 2023 survey
• Increased women representation in management cadre to 15.6%
• Implemented various training initiatives aimed at nurturing a robust pipeline of future women leaders

Governance Achievements

• 30% of Board comprises women
• Implemented a comprehensive Sustainable Supply Chain Framework
• Implemented robust security policies, processes, and controls across the Company to safeguard data

Climate Goals & Targets

Environmental Challenges

• Global challenges including prolonged high interest rates, debt sustainability issues, ongoing geopolitical tensions, and escalating climate risks
• Water scarcity in some operational areas
• Habitat degradation due to manufacturing operations
• Cybersecurity risks

Mitigation Strategies

• Implemented Coolbrook's RDH technology to reduce coal-based thermal energy usage
• Implemented various adaptation and resilience measures to counter risks of flooding, cyclones, and extreme heat
• Implemented a zero liquid discharge policy at all integrated units
• Conducted extensive water audits to identify water efficiency improvement opportunities
• Initiated Miyawaki plantation drives to enhance local biodiversity
• Developed a multipronged approach aligned with ‘Business Strategy’ to protect against cybersecurity risks

Supply Chain Management

Supplier Audits: 47% of critical suppliers assessed in FY24; aiming for 100% by 2025

Responsible Procurement

• Sustainable Supply Chain Framework
• Supplier Code of Conduct
• ESG screening of new suppliers
• Supplier training and capacity building

Climate-Related Risks & Opportunities

Physical Risks

• Floods
• Tropical Cyclones
• Extreme temperature and heat stress

Transition Risks

• Regulatory changes on carbon tax
• Changes in fuel prices

Opportunities

• Development of energy-efficient products
• Adoption of low-carbon technologies

Reporting Standards

Frameworks Used: GRI Standards: Comprehensive, International Integrated Reporting (IIRC) framework, GCCA guidelines

Certifications: ISO 50001 (52% of integrated units), ISO 27001 (64% of units), OHSAS 18001/ISO 45001 (90% of plants)

Third-party Assurance: BDO India LLP

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 13 (Climate Action)
• Goal 6 (Clean Water and Sanitation)
• Goal 8 (Decent Work and Economic Growth)
• Goal 11 (Sustainable Cities and Communities)
• Goal 15 (Life on Land)
• Goal 3 (Good Health and Well-being)
• Goal 4 (Quality Education)

Various initiatives contribute to these goals through decarbonisation, energy transition, circular economy, biodiversity conservation, water management, community development, employee well-being, and education

Sustainable Products & Innovation

• Green cement
• Weather Plus cement
• Composite cement
• Green Concrete
• Low Water Requirement Concrete
• Ultra-High-Performance Concrete (UHPC)
• 3D printable concrete mixes

Awards & Recognition

• 'Sustainable Development' award at the 18th CII-ITC Sustainability Awards 2023
• 'Best Technology Adoption & Best Corporate' award at the SAP ACE- Finance Transformation Awards
• 'Best Supply Chain Solution' at the Adam Smith Asia Awards
• Four trophies at The Advertising Club's EMVIES 2024
• Recognition at the 10th Indian Marketing Awards
• B score for ‘Climate Action’ and an ‘A-’ rating for ‘Water Security’ from CDP (2023)
• Ranked among the top ten companies globally in the sector by S&P Global’s CSA 2023
• Social Impact Award from the SP Jain Institute for Management Research
• Golden Peacock Award for Project Prayas
• ‘Noteworthy Project in Water Management’ award at the CII National Award for Excellence in Water Management 2023