Garware Technical Fibres Limited
Climate Impact & Sustainability Data (2019-2020)
Reporting Period: 2019-2020
Environmental Metrics
ESG Focus Areas
- Employee well-being
- Community Investment
- Environmental sustainability
Environmental Achievements
- Reduced water consumption by 5%
- Reduced electricity consumption by 2%
- Recycled more than 70% of product/process waste
Social Achievements
- Ranked as a 'Great Place to Work' for the third year in a row
- No layoffs during COVID-19 challenges
- Contributed to the PM Cares Fund and MCCIA's PPCR initiatives
Governance Achievements
- Adopted a Dividend Distribution Policy
- Implemented a Vigil Mechanism Policy
- Established a Corporate Social Responsibility (CSR) Committee
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic and resulting lockdown
- Cyclones and extended monsoon affecting fisheries segment
- International sales affected by lockdown
Mitigation Strategies
- Resumed operations with health precautions post-lockdown
- Leveraged strong positioning in food-related industries
- Utilized cash reserves to manage challenges
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Aquaculture cage net with built-in eco-friendly, anti-fouling technology
- 'Seal Pro' nettings
Awards & Recognition
- 'Great Place to Work'