Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Achieved zero liquid discharge status
• Installed scrubbers in boilers to control emissions
• Increased greenery by 10% each year inside and outside plants
• Moderated water consumption; recycled process water and process waste

Social Achievements

• Invested ₹132.57 lakh in CSR activities
• Improved manpower skills and talents
• Strengthened relationships with vendors and customers
• Enhanced safety through training, protocols, certifications, investments and awareness-building

Governance Achievements

• Complied with Corporate Governance Code as stipulated under the Listing Regulations
• Strengthened an audit-driven and compliance-driven approach
• Established a vigil mechanism / whistleblower policy

Climate Goals & Targets

Environmental Challenges

• High fuel prices and adverse market conditions in Q4 impacted EBITDA
• Geopolitical challenges affected offtake, resulting in pricing pressure
• Exports were impacted by currency volatility
• More dependence on imports of raw materials leading to price volatility and supply chain disruptions

Mitigation Strategies

• Undertook process re-engineering measures to enhance quality and cost outcomes
• Undertook infrastructure upgrades and invested in product quality
• Reinforced manufacturing processes, optimised costs, moderated waste cum energy consumption
• Strengthened its supply chain to sustain supplies to downstream customers

Supply Chain Management

Supplier Audits: 25% for health and safety practices

Responsible Procurement

• Vendor qualification SOP for key vendors

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UNGC principles

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

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Environment and Sustainability
• Energy efficiency
• CSR
• Human Rights

Environmental Achievements

• ISO 14001 certification in place and proper control measures in addressing issues of climate change, pollution management and emission control
• Online continuous Emissions Monitoring System connected with Central and/or State Pollution Control Boards
• Emphasis on enhancing recycling of water through Zero Liquid Discharge
• Planting more trees and increasing the green cover at sites and in the villages / localities adopted under CSR
• 5% Solvent recovery enhanced in Toluene, MPC, Benzene, Morphine recovery

Social Achievements

• ISO 45001 certified occupational health and safety (OH&S) management system
• Regular training and awareness, enhancing visual display, housekeeping, good maintenance practices, audits, preventing pollution at all stage of manufacturing etc.
• Onsite and Off-site emergency plans and regular mock drills for emergency preparedness and enhancement of skill in employees
• Contributions made by the Company towards upliftment of the community through various initiatives and partnerships focusing on the education, health, rural infrastructure development, sanitation, environment conservation among others

Governance Achievements

• Anti-Bribery and Anti-Corruption Policy
• Whistleblower Mechanism for reporting about unethical behavior, actual or suspected fraud or violation of the Company’s Code of Conduct
• Code of Conduct, Whistle Blower Policy and POSH policy

Climate Goals & Targets

Environmental Challenges

• Workplace accidents, hazards and injury
• Environmental risk in relation to emissions, climate change and to preserve nature and its biodiversity

Mitigation Strategies

• ISO 45001 certified occupational health and safety (OH&S) management system
• Regular review of Safety risk mitigation plans by the Risk Management Committee and the Board
• ISO 14001 certification in place and proper control measures in addressing issues of climate change, pollution management and emission control
• Sufficient scrubbers to control the emission & to safeguard employees and environment
• Sufficient utility has been provided in heat exchanges to avoid vent losses of solvents in atmosphere thus control of emission
• Maximum close loop charging system for RM, Solvent, Chemicals
• Maximum close loop filtration system to avoid emission in atmosphere of solvent vapor & Chemicals
• Close loop bromine charging system with bromine tanks

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Achieved zero waste in landfill and zero effluents discharge targets while moderating water consumption intensity
• Upgraded effluent treatment plant at Derabassi

Social Achievements

• Invested a progressively larger amount in employee remuneration
• Engaged with the community around its manufacturing locations, widening its circle of prosperity
• Spent ₹1.81 crore in CSR activities

Governance Achievements

• Invested in a new ERP software (SAP S4 Hana) that enhanced process checks and controls, automation to enhance productivity and safety

Climate Goals & Targets

Environmental Challenges

• Steep decline in demand and realisations in the crop protection chemicals sector
• Lower than expected demand from critical markets and price corrections
• Exports impacted due to lower prices, cautious approach by industry towards inventory and adverse weather conditions
• Aggressive pricing from China and uncertainty around future pricing compelling companies to delay buying decisions

Mitigation Strategies

• Range of initiatives that helped re-imagine its business model
• Targeting niche products with potential and addressing clients who are market leaders
• Expanding its customer base in contract manufacturing by entering into long-term engagements with customers and offering attractive cum cost-effective solutions
• Strengthened research, strengthened the product pipeline, sought new customers, explored multi-year partnerships and moderated costs
• Deepened cost leadership

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities