Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption by switching from RLNG to Liquid fuel in PSF operations.
• Achieved highest condensate recovery at 65% in PSF operations due to various improvement projects.
• Improved steam turbine efficiency in PSF operations resulting in energy cost savings.
• Implemented various energy conservation measures in PSF operations (e.g., fuel additive usage, condensate recovery maximization, treated effluent recycling).

Social Achievements

• Organized a 5 KM marathon and cricket match for employees and their families to promote health and well-being.
• Provided health insurance, accident insurance, and maternity benefits to employees and workers.

Governance Achievements

• Repaid all debt obligations, making the company debt-free.
• Adopted a Dividend Distribution Policy in accordance with SEBI regulations.
• Carried out an annual performance evaluation of the Board, its committees, and individual directors.

Climate Goals & Targets

Environmental Challenges

• High energy input unit costs impacting energy cost and manufacturing cost.
• Fluctuations in crude oil prices impacting margins and profitability in PSF division.
• Fluctuations in Indian Rupee/US$ exchange rate impacting business and margin in PSF division.
• Increased competition and price undercutting in the PSF market.
• Wild swings in commodity prices, increasing fuel prices, wages, and raw material costs in the retail industry.
• Inflow of cheaper alternatives from the unorganized sector and low-priced materials from neighboring countries in the retail industry.

Mitigation Strategies

• Sold ~22-acre Worli land and associated FSI to repay loans and invest in approved securities.
• Pursuing development of 3rd Phase of ICC and exploring joint development opportunities in real estate.
• Exploring new overseas markets and driving cost reduction measures in PSF division.
• Reducing energy, power, and packing costs in PSF division to improve margins.
• Reducing credit risk and increasing distribution in retail division.
• Operating with a lean cost business model in retail division.

Supply Chain Management

Responsible Procurement

• Sourcing from registered suppliers with longstanding associations (Retail division)
• Procurement of spares and consumables from local suppliers (PSF division)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

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

Third-party Assurance: Not Applicable