Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installation of 1 MW rooftop solar power plant at Chopanki Plant and Bhuj Plant
• Installed solar panels of 1000 KW at Bhuj Plant
• Utilization of Wind energy generating approximately 50 Lakhs Kwh at Bhiwadi Plant
• Effluent Treatment Plants (ETP) and Sewage Treatment Plants (STP) installed at all manufacturing facilities
• 1 lakh trees planted at Bhuj site
• Gas fired boiler installed at Bhiwadi & Chopanki reducing emissions

Social Achievements

• Various community initiative programs
• Covid-19 relief activities
• Scholarships for needy students
• Mid-day meals
• Capacity building of teachers

Governance Achievements

• Adoption of the Code of Conduct for Directors and Senior Management Personnel
• Adoption of the Revised ‘Code of Conduct for Regulating, Monitoring and Reporting of trading by Designated Persons’
• Adoption of revised ‘The Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI)’

Climate Goals & Targets

Environmental Challenges

• Equipment obsolescence impacting production
• Fluctuation in Raw Material prices and supply chain disruptions
• Market risk due to economic downturn or slowdown
• Labour relations challenges due to labour migration
• Retention of skilled manpower
• Currency fluctuation
• COVID-19 pandemic impacting demand and operations

Mitigation Strategies

• Continuous equipment upgrades and preventive maintenance
• Developing alternative sources of raw material and supply chain strategies
• Expanding market presence, deeper penetration into existing markets, launching new products, marketing and promotional activities
• Good HR practices, cordial working environment, above-government-stipulated wages
• Good HR practices and rewarding employees
• Natural hedge due to foreign currency revenues, forward contracts
• Strict Covid-19 protocols, regular testing, in-house medical centre, ICU/HDU unit

Supply Chain Management

Supplier Audits: Regular audits conducted at suppliers’ facilities to verify compliance to ISO 9001 and ISO 14001 certification

Responsible Procurement

• Supplier Code of Conduct
• Regular audits of suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines (NVGs)

Certifications: ISO 9001, ISO 14001, REACH SVHC compliance

Sustainable Products & Innovation

• Products designed to protect environment/social concern
• REACH SVHC compliance

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 14.9% waste reduction over the last 3 years
• 100% substitution of coal-fired boilers with gas-fired boilers at Bhiwadi and Chopanki plants
• Bhuj plant: zero liquid discharge
• 33% green energy coverage achieved in the region of Bhuj

Social Achievements

• Low staff turnover rate (6.89% in FY 2021-22)
• Cordial employee relations. No incident of unrest.
• Community care with continued focus on education, food, and health including Covid-19 care
• CSR spending: INR 24.89 crores USD 3.28 million (11 lakhs above the 2% mandate).

Governance Achievements

• 100% compliance
• Zero complaints on unethical practices.
• No cases/complaints on child labor/forced labor
• No cases on POSH or discrimination.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting supply chains and raw material availability
• Raw material shortage due to the shutdown of manufacturing units and supply chain disruptions
• Lockdowns across the globe pulling down demand
• Challenges of rain harvest in arid regions

Mitigation Strategies

• Agile and vigilant internal teams managed food, healthcare, testing, isolations and intensive care
• Catered for the needs of local regions externally
• Leveraging strengths to overcome challenges
• Installed filtration and a pumping system at the rain water harvesting pond along with a piping network

Supply Chain Management

Supplier Audits: Intensified in FY 2021-22

Responsible Procurement

• Supplier Code of Conduct
• Set standards
• Vendor screening
• Accurate quality control

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

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

Third-party Assurance: DNV Business Assurance India Private Limited

Sustainable Products & Innovation

• Ultra-giant OTR tire
• Rubber Track for harvester application

Awards & Recognition

• National Energy Conservation Award 2021
• Rajasthan Energy Conservation Award 2021

Environmental Metrics

ESG Focus Areas

• Product Quality and Safety
• Water Stewardship
• Corporate Governance
• Emissions Management
• Energy Management
• Sustainable Strategy for Climate Resilience
• Waste Management & Circular Economy
• Business Ethics and Compliance
• Innovation and Digitalization
• Prioritizing Occupational Health and Safety
• Labour Management and Human Rights
• Training, Education and Wellbeing
• Product Design & Lifecycle Management
• Sustainable Supply Chain
• Ethical Procurement
• Biodiversity Protection
• Diversity, Equity and Inclusion

Environmental Achievements

• 91,389 MT renewable material used for primary products
• 26.26% YoY reduction in non-renewable grid electricity consumption
• 26.24% YoY reduction in Scope 2 emissions (27,825 tCO2e avoided)
• 43.54% YoY reduction in groundwater withdrawal at water stressed areas
• 99.15% of total waste generated is either recycled or re-used
• 24,937 new trees planted (48,762 m²)

Social Achievements

• More than 3,53,863 hours training provided to employees and workers
• No cases of Human Rights violation
• Zero fatalities in the last two years
• INR 3,134 Lakhs spent on 21 CSR projects

Governance Achievements

• 25% women in BoD
• Zero Incidents of Data breach in last two years
• All sites assessed for anti-bribery, anti-corruption
• Zero Cases of Bribery and Conflict of Interest against BOD and Employees

Climate Goals & Targets

Environmental Challenges

• Water stress
• Extreme heat
• Cyclone
• Extreme rainfall
• Riverine flooding
• Emerging carbon-related regulations
• Deforestation-related regulations
• National decarbonization plans
• Shipping costs
• Consumer demand for green products

Mitigation Strategies

• Water reservoirs, rainwater harvesting, borewell for emergencies, STPs and ETPs, MEEs
• Machines designed for high temperatures, backup machinery, facilities to prevent heat-related illnesses
• Chimneys, RCC, and Silos built to withstand high wind speeds, drainage system, power backups
• Good drainage system, pump facility, DG backup, secure storage of hazardous materials
• Preventive measures similar to extreme rainfall
• Reducing operational carbon footprint, identifying low-carbon alternatives
• Preparing for regulations like EUDR, evaluating alternative raw materials and supply chains
• Planning to reduce operational carbon footprint, understanding value chain emissions
• Engaging with logistics providers for low-carbon delivery solutions
• Decarbonizing operations, addressing value chain emissions

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Manual
• Supplier Code of Conduct
• ESG assessments
• ISO 14001 and ISO 45001 certifications

Climate-Related Risks & Opportunities

Physical Risks

• Water stress
• Extreme heat
• Cyclone
• Extreme rainfall
• Riverine flooding

Transition Risks

• Emerging carbon-related regulations
• Deforestation-related regulations
• National decarbonization plans
• Shipping costs
• Consumer demand for green products

Opportunities

• Development of energy-efficient products
• Deployment of breakthrough technologies like CCUS
• Procurement of renewable electricity
• Energy and material efficiency
• Exploring solutions for new-age mobility like EVs, FCEVs

Reporting Standards

Frameworks Used: GRI Standards 2021, SASB, UN SDGs

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, IATF 16949:2016

Third-party Assurance: Bureau Veritas (India) Private Limited

UN Sustainable Development Goals

• Goal 7
• Goal 8
• Goal 9
• Goal 12
• Goal 13

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed