Climate Change Data

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'