Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Reduced electricity units consumption by 0.5% despite a 3% increase in production volume by adapting to various energy saving means. Manufacturing units are ISO-14000 certified.
• Developed environment friendly dry battery.
• Zero discharge units, where effluents are treated and used within the units. Waste in manufacturing process is recycled. Programs for reduction of water consumption and recycling of water are in place.

Social Achievements

• “En-Light a Girl Child” initiative addressing rural darkness and girl child empowerment.
• CSR activities for eradication of hunger and poverty, promotion of education (including special education), rural development, and promotion of sports.
• Cordial employee-management relations.

Governance Achievements

• Established a Vigil Mechanism/Whistle Blower Policy.
• Regular Board meetings and committee meetings.
• Annual performance evaluations of the Board, Directors, and Board Committees.

Climate Goals & Targets

Environmental Challenges

• Proliferation of poor-quality, dumped batteries imported from China.
• Proliferation of cheap, poor-quality flashlights from the unorganized market.
• Supply constraints and price cuts in the lighting and appliances segments.
• Weak demand and supply constraints in the small home appliances segment.
• COVID-19 pandemic disrupting economic activities and supply chains.
• Depreciating rupee.

Mitigation Strategies

• Cost-saving initiatives.
• Upward pricing revisions.
• Reduction in dumped imports from China post implementation of BIS standards.
• Penetration of rural markets with innovative, competitively priced flashlights.
• Sale of non-core land assets to repay debt.
• Portfolio consolidation, distribution channel rationalisation, and price decreases in the appliances segment.
• Development of new suppliers for lighting.
• Establishment of a more stable pricing regime for lighting.
• Government initiatives to boost domestically manufactured goods and services.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Preference given to ISO 9000 and ISO-14000 certified suppliers; Sourcing of raw material and packaging material from suppliers closer to manufacturing units; Sourcing packaging material locally.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9000, ISO 14000

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Environment friendly dry battery.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility

Environmental Achievements

• Substantial reduction in LPG usage by 4% and Electricity units by 3% over the previous year by adapting to various energy saving means.
• All manufacturing units zero discharge units, where effluents are treated and used within the units.

Social Achievements

• Ensured well-being of all employees through vaccination camps, sanitisation drives across the manufacturing and office premises.
• Initiatives to engage with deprived and unprivileged persons with key initiatives of “Food for Hungry’ ‘Education and Rural Development’, ‘Health Care’ and ‘Disaster Relief’.

Governance Achievements

• The Company has laid down adequate procedures to inform the Board about the risk assessment and risk minimization procedures.
• The Company through its Board of Directors has constituted a Risk Management Steering Committee for the purpose of monitoring and reviewing of the risk management plans periodically.

Climate Goals & Targets

Environmental Challenges

• Slowdown in the 4th quarter in the core categories of batteries and flashlights, and also due to the gradual exit from the appliance business in the 2nd half.
• Major disruptions in the supply chain and significant increases in materials prices due to the pandemic and the war.
• Slowdown of demand for FMCG products, particularly in rural areas.
• Flashlights market badly affected by dumped cheap imports from China.

Mitigation Strategies

• Portfolio augmentation
• Reaching out to consumers
• Process improvements
• Adjusted its product portfolio to address market requirements fueling such cheap imports.
• Initiated efforts to communicate with the consumer to maintain brand salience.

Supply Chain Management

Responsible Procurement

• Suppliers and transporters are encouraged to address social and environmental requirements with preference given to ISO-9000 and ISO-14000 certified suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NVG

Certifications: ISO 9000, ISO 14000

Sustainable Products & Innovation

• Mercury and cadmium free AA and AAA Zinc Carbon Batteries
• Use of compostable polybag for packaging purpose

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Energy Conservation
• Gender Equality
• Empowerment of Women
• Education
• Sports
• Healthcare
• Biodiversity Preservation
• Waste Management
• Water Management
• Human Rights

Environmental Achievements

• Reduced electricity units by 5.8% compared to last year through various energy-saving measures.
• Installed approximately 1.7 MWp of on-grid solar photovoltaic modules across various locations.
• Recycled 155.55 MT of e-waste and 1061.07 MT of plastic packaging waste.
• Most manufacturing units boast zero liquid discharge capabilities.

Social Achievements

• Launched ‘Khelenge Toh Sikhenge’ campaign promoting learning through play.
• Introduced Neeraj Chopra as brand ambassador.
• Reduced employee attrition.
• 39% of 28 trainees selected were female.
• Head Office has 23% female workforce, plants have 18%.

Governance Achievements

• Implemented HR automation across employee life cycle.
• Established a Vigil Mechanism/Whistle Blower Policy.
• Regular Board and Committee meetings held.

Climate Goals & Targets

Environmental Challenges

• Weak rural demand affecting batteries and flashlights.
• Industry-wide price deflation impacting the lighting segment.
• Initial challenges from revamped route-to-market initiative.
• Slow offtakes from the rural segment.
• Decline in sales of traditional battery-operated flashlights.
• Industry-wide price deflation in lighting segment.
• Softening in overall FMCG demand, particularly in rural areas.

Mitigation Strategies

• Revised route-to-market strategy.
• Widened distribution channels to include modern retail, e-commerce, quick commerce, and institutional sales.
• Focus on premiumisation, continuous innovation, and enhanced operational efficiency.
• Introduced new range of Ultima alkaline batteries.
• Revamped rechargeable flashlight range.
• Dual distribution strategy for lighting (general trade and exclusive lighting network).
• Focus on high-value products and robust market share.

Supply Chain Management

Responsible Procurement

• Preference given to ISO-9001, ISO-14001 and ISO-45001 certified suppliers.
• Policy/Code for Suppliers promoting sustainability.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGBRC

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001

Sustainable Products & Innovation

• Ultima alkaline batteries
• Rechargeable flashlights
• Emergency LED bulb – INSTACHARGE

Awards & Recognition

• Runner-Up Winner at the Olive Crown Award