Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Moderated water, steam, coal and power consumption per ton of paper produced at its unit JKPM
• Received the Best Pollution Control Excellence Award
• Consistently declining GHG emissions

Social Achievements

• Launched JK CARES (Covid Assistance, Relief & Support) for bereaved families
• No job losses or pay cuts at any level
• Ensured timely payments to suppliers and distributors
• CSR footprint covered more than 400,000 direct beneficiaries across 578 villages
• Efforts to improve irrigation facilities enabled farmers to practice multi-crop farming, resulting in a two to three-fold yield increase

Governance Achievements

• Maintained its long-term credit rating of AA-/Stable from CRISIL; India Ratings upgraded it from A+/Stable to AA-/Stable
• Progressed its 1.7 Lac TPA Packaging Board expansion at Unit CPM without serious cost or time overruns

Climate Goals & Targets

Environmental Challenges

• Demand destruction in the first half and a sharp demand shock in the second half of 2020-21
• Pressure on debt repayment and interest servicing during the first quarter of the last financial year
• Sharp appreciation in pulp prices
• Sharp increase in fuel and commodity prices from the third quarter onwards
• Engagement of professionals to be stationed in semi-urban and rural locations
• Maintaining worker morale during the pandemic
• Fear of job loss and salary reduction during the first half of the year

Mitigation Strategies

• Leveraged existing cash flows and treasury strength to address external stakeholder needs
• Continued to operate largely out of accruals with a low drawal against working capital sanctions
• Leveraged its integration to absorb the increase in costs
• Strengthened operating efficiencies to moderate the impact of the increase in fuel and commodity prices
• Increased employee head count through attractive remuneration, workplace learning and career growth
• Enhanced operational safeguards that resulted in shopfloor safety and worker well-being
• Presented a humane face, marked by no forced attrition and no reduction in remuneration for direct employees and contract labourers

Supply Chain Management

Responsible Procurement

• Procured 75% of wood resource from within a 200 km radius

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UNGC

Certifications: ISO 9001, ISO 14001, ISO 45001, FSC

UN Sustainable Development Goals

• Goal 8

Sustainable Products & Innovation

• JK VFL
• JK UFL
• JK Color Kraft
• JK Pac Fresh
• Color Kraft paper
• Kraft liner paper
• JK Pac fresh
• JK Sublime paper (rolls)
• Liquid packaging board

Awards & Recognition

• Best Pollution Control Excellence Award
• Energy Efficient Unit award
• Best Innovative Kaizen Award - Silver Trophy
• FICCI award for excellence in CSR
• CSR Business Leadership Award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced carbon footprint through focus on renewable sources of energy and energy-efficient equipment
• Increased percentage of departmental harvesting of raw materials
• Introduction of schemes to build long-term relationships with farmers

Social Achievements

• Skill upgradation through continuous training programs
• Enhancing multi-tasking ability through planned inter & intra-department job rotations
• Mapping of Right Talent with Critical Position

Governance Achievements

• Implementation of Code of Conduct, Monitoring Mechanism to ensure ethical conduct
• Adherence to compliance monitoring system
• Establishment of grievance redressal mechanisms for various stakeholder groups

Climate Goals & Targets

Environmental Challenges

• Reliable source of raw material (wood) supply
• Talent Management, Attraction, Retention
• Business Ethics
• Regulatory Issues and Compliance

Mitigation Strategies

• Increase in % of departmental harvesting
• Introduction of schemes to build long-term relationships with farmers
• Company provides assistance to farmers through its farm forestry plantation activities
• Skill upgradation through continuous training programs
• Enhancing multi-tasking ability through planned inter & intra-department job rotations
• Mapping of Right Talent with Critical Position
• Code of Conduct, Monitoring Mechanism to ensure ethical conduct
• Adherence to compliance monitoring system

Supply Chain Management

Responsible Procurement

• Monitoring remittance of statutory dues by value chain partners
• Periodic audits of value chain partners

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, BIS Certification, FSC COC, FSC Controlled wood

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Farm Forestry
• Community Development

Environmental Achievements

• Net carbon positive status (planting more trees than utilizing)
• ~55% renewable energy share of total energy usage
• 100% eco-friendly waste disposal (zero discharge to landfills)
• Reduction in water, power, and coal consumption (quantified in Slide 16)
• Development of biodegradable products (e.g., aqueous barrier coated cup-stock board, carry bag, paper straw)

Social Achievements

• Empowerment of 9,000 youths through skill development training
• Creation of 519 youth entrepreneurs
• Formation of 13 Farmer Producer Organizations (FPOs), 99 farmer clubs, and 186 farmer interest groups
• Distribution of ~Rs. 26 mn from carbon credits income to 1,590 farmers
• Mobilization of over 13,000 tribal women into Self-Help Groups
• Infrastructure support to peripheral villages
• School for children with special needs
• Disaster relief in cash & kind

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Overall drop in sales realization
• Substantial increase in wood cost
• Selling prices under pressure due to rising imports and weaker demand

Mitigation Strategies

• Focus on plantation activities and raw material cost reduction (through farm forestry)
• Continuous improvement in asset utilization and deleveraging

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Higher sourcing from certified plantation (FSC-FM Certification)
• Increased raw material sourcing from within 300 Kms

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: FSC-COC

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Aqueous barrier coated cup-stock board, carry bag, paper straw

Awards & Recognition

• Odisha CSR Excellence Award 2022
• CSR Gold Award from Sambad 2022
• Award from ITDA, Rayagada 2022
• IPMA Paper Mill of the Year Award 2021-22 (JKPM)
• CII National Award for excellence in Water Management 2022 (JKPM)
• FICCI's Sustainable Agriculture Award 2022 (JKPM)
• State Business Leadership Award 2023 (JKPM)
• 4th ICC National Occupational Health & Safety Awards 2022-23 (JKPM)
• Energy Efficient Award by CII 2023 (CPM)
• SCALE (Supply Chain and Logistics Excellence Awards) 2022 (CPM)
• 23rd Annual Greentech Environment Award 2023 (JKPM)
• Gold Medal in Green Manufacturing Facilities 2023 (JKPM)
• Jury Champion Award for Productivity Improvement 2023 (CPM)
• CII National Award for Excellence in Water Management 2023 (CPM)
• Silver Prize in overall digitalization category 2023 (CPM)