Climate Change Data

Environmental Metrics

ESG Focus Areas

• Good governance
• Sustainability
• Community development
• Employee well-being
• Environmental responsibility

Environmental Achievements

• Minimized energy consumption by 4%
• Invested LKR 8.6 Mn on water and sanitation infrastructure
• 22,803 MT of recycled materials used in production
• Consumed 55,472 MT of renewable materials
• 105,500+ trees planted
• Invested LKR 2 Mn on biodiversity initiatives
• Installation of solar power panels contributing 2.1 GWh of solar energy annually to the national grid by Swisstek Aluminium

Social Achievements

• Launched two new Rocell concept showrooms
• Four companies in the Group recognized as a Great Place to Work
• LKR 29 Mn invested in welfare and nutrition programmes for factory and estate workers and communities
• Building income opportunities for 1,711 plantation workers
• 8,476 employees trained for 43,021 hours
• Support educational needs of children living within estate communities
• 35.5% female cadre

Governance Achievements

• Awarded Silver at the Annual Report Awards for Governance Disclosures
• Pre-adopting elements of the new Corporate Governance Direction No. 5 of 2021 prior to the effective period
• Instilling practices of anti-corruption, bribery and transparency across all businesses

Climate Goals & Targets

Environmental Challenges

• Volatility and ambiguity in the operating environment
• Supply chain disruptions due to the COVID-19 pandemic and import restrictions
• Diminishing foreign exchange reserves
• Political uncertainty
• Escalating prices and foreign exchange fluctuations
• Shortage of essential goods and services
• High labour turnover
• Pestalotiopsis leaf disease impacting rubber production
• Government-imposed ban on chemical fertilizer
• Increased corporate taxation

Mitigation Strategies

• Enhanced risk management processes
• Prudent investment decisions
• Group-wide efforts to improve cost structures
• Product rationalization
• Responsible consumption and process efficiencies
• Seeking alternate sources of supply
• Developing alternative sourcing strategies
• Crop diversification
• Implementation of regenerative agriculture
• Use of organic fertilizer
• Investing in renewable energy projects
• Focus on short-term investments
• Digitalization to mitigate uncertainty

Supply Chain Management

Responsible Procurement

• Prioritizing local suppliers
• Supplier training and development
• Ensuring timely and fair transactions
• Advocating environmental and social responsibility

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: International Integrated Reporting Council (IIRC), Global Reporting Initiative (GRI Standards - ‘In Accordance - Core’)

Third-party Assurance: Messrs Ernst & Young

UN Sustainable Development Goals

• SDG 1
• SDG 2
• SDG 3
• SDG 4
• SDG 5
• SDG 7
• SDG 8
• SDG 9
• SDG 12
• SDG 13

Initiatives contribute to these goals through employment creation, community development, employee well-being, environmental protection, and sustainable business practices

Sustainable Products & Innovation

• VermiTech (organic fertilizer)
• Recycled materials in production

Awards & Recognition

• 56th CA Sri Lanka Annual Report Awards
• CNCI Achiever Awards
• LankaPay Technnovation Awards
• FITIS Digital Excellence Awards
• National ICT Awards – NBQSA
• National Business Excellence Awards
• National Cleaner Production Awards
• Awarded by the CPM and ranked among the Top 10 Best Management Practices