Climate Change Data

Environmental Metrics

Social Achievements

• The Company is contributing regularly to Davangere Sugar Company Education Society (Regd.) which is running schools for the benefit of children of poor farmers residing in the villages surrounding the factory area.
• The Company is also spending money every year on promoting sports among the rural youths.
• The Company is also distributing note books and uniforms to the poor children of the village.

Climate Goals & Targets

Environmental Challenges

• The outbreak of COVID-19 pandemic globally and in India has caused significant disturbance and slowdown of economic activities throughout India.
• export of sugar and off-season maintenance work is affected to some extent due to suspension of transportation both road and rail and restrictions on movement of goods from one state to another state.
• Company could not able to export entire MAEQ quantity of 4485 MTs of sugar due to suspension of operations at Navi Mumbai JNPT Port and could able to export 3588 MTs of sugar and company surrendered 897 MTs of sugar to Department of Food and Public Distribution.

Mitigation Strategies

• Our company falls under the production of Essential Commodity i.e. sugar under the Essential Commodities Act, and hence it was permitted to continue the working of the Company under the Notification of the State Government.
• The crushing season of the company is expected to commence as usual in the month of September 2020 depending upon the impact of rainfall on the transportation of sugar.
• COVID -19 will not be a major impact on the ensuing crushing season 2020-21 since the lock-down throughout the State is lifted and allowed the economic activities to continue in the regular manner.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The novel coronavirus (Covid-19) pandemic outbreak and steps taken to control the same have significantly impacted our business, results of operations, financial condition and cash flows and further impact will depend on future developments, which are highly uncertain.
• Our business is subject to seasonal variations that could result in fluctuations in our results of operations.
• Sugarcane is the principal raw material used for the production of sugar. Our business depends on the availability of sugarcane and any shortage of sugarcane may adversely affect our business and results of operations.
• Our Company has experienced insufficient capacity utilisation of our manufacturing unit in the past and may experience the same in the future as well, which could have an adverse impact on our business, results of operations and financial condition.
• The improper handling, processing or storage of raw materials or products, or spoilage of and damage to such raw materials and products, or any real or perceived contamination in our products, could subject us to regulatory and legal action, damage our reputation and have an adverse effect on our business, results of operations and financial condition.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainable Business Model
• Green Energy Production
• Corporate Social Responsibility

Environmental Achievements

• Modern Effluent Treatment Plant with Zero Liquid Effluent Discharge
• Co-generation of power for captive use and excess power exported
• Lower CO2 emissions (1 Cr litres of ethanol blended petrol can save around 20,000 tons of CO2 emissions)

Social Achievements

• Providing employment opportunities to the locals
• Running schools for the benefit of children of poor farmers residing in villages surrounding the factory area
• Promoting sports among rural youths

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Dependency on supply of sugarcane
• Climatic Limitations
• Demand & Supply gap of Ethanol blending ratio
• Competition from surrounding sugar mills
• Political uncertainty
• Government Regulations

Mitigation Strategies

• Expansion of Ethanol production and additional revenue sources (Grain based Plant, Carbon Dioxide Production Plant, Potash Production Plant (Joint Venture))
• Strong relationships with sugarcane producers
• Superior and efficient technology to further expand business
• Introduction of sustainable solutions

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Ethanol
• Electricity (Co-generation)
• Potash

Awards & Recognition

• BEST BUSINESS LEADERSHIP – (CO-GENERATION) awarded by the Solar Energy Society of India with Winrock International