Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Sustainable product design and sourcing
• Employee well-being
• Stakeholder engagement
• Human rights
• Environmental protection
• Public policy engagement
• Inclusive growth
• Customer engagement

Environmental Achievements

• Reduced water consumption per ton of paper production
• Reduced pulp usage per ton of paper production
• Zero liquid discharge facility saving 6 million liters of fresh water daily
• Utilization of biomass as fuel in cogeneration plant
• Development of products using recycled polyester and sustainable materials like cotton/hemp, cotton/Tencel, recycled cotton
• Movement towards FSC certified packaging

Social Achievements

• Employment opportunities for local communities, including people with disabilities
• Hastakala activities providing employment and training for women
• CSR initiatives including education, healthcare, and water supply projects
• Safety & skill upgradation training for 5047 permanent employees

Governance Achievements

• Implementation of a Vigil Mechanism and Whistle Blower Policy
• Establishment of an Internal Complaints Committee
• Resolution of 20 investor complaints

Climate Goals & Targets

Environmental Challenges

• Pandemic impact on market dynamics and consumer behavior
• Water scarcity in some regions
• Need for sustainable packaging solutions

Mitigation Strategies

• Adaptation to new virtual business norms
• Focus on health, hygiene, and sustainability
• Exploration of sustainable alternatives for packaging and trims components
• Installation of hand pumps and water tanks in villages
• Development of sustainable products and processes

Supply Chain Management

Responsible Procurement

• Sustainable sourcing of cotton (49%), rice husk and wheat straw (3%), yarn and fiber (11%)
• Sourcing from local farmers and MSMEs
• Discouragement of child and forced labor

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Naturally Soft Towels
• Agro-Residue (wheat straw) based Paper
• Bath Linen with Natural Dyes
• Products with antimicrobial finish
• Products with thermal regulation and better wicking properties
• Products using recycled polyester

Environmental Metrics

ESG Focus Areas

• Energy & Climate Change
• Health and Safety
• Resource Efficiency
• Customer Satisfaction
• Employment Opportunity
• Value, Ethics and Compliance
• Community Engagement & Local employment
• Supply Chain Sustainability
• Product Responsibility & Association
• Diversity & Inclusion

Environmental Achievements

• 46.2% GHG emission reduction (Scope 1 and Scope 2) by 2031, validated by SBTi under 1.5D target setting.
• 91% of waste diverted from landfill.
• 2.83% renewable energy share, aiming for 50% by 2025.
• Zero liquid discharge facility saving more than 6 million liters of fresh water every day.

Social Achievements

• Various measures implemented to promote a safe and healthy working environment (ISO45001 certified).
• Skill development training to underprivileged candidates and providing them employment.
• Providing fair and competitive compensation and benefits to its employees, as well as opportunities for learning and career growth.
• CSR initiatives impacting over 15,000 beneficiaries in education, health & wellness, and women empowerment.

Governance Achievements

• Established Code of Conduct outlining company values and principles.
• Regular audits, trainings and surveys conducted to monitor and ensure compliance on ethical conduct across the organization.
• CSR Committee of the Board of Directors responsible for implementation of BR policies.

Climate Goals & Targets

Environmental Challenges

• Dependency on fossil fuels and heavy water intake for paper and pulp manufacturing.
• Climate change impacts on water availability, forest degradation, and supply chain.
• Health and safety risks within manufacturing operations.
• Ethical conduct, supply chain compliance, environmental impact, employee and social responsibility risks.

Mitigation Strategies

• Implementing ESG principles, Science Based Targets to reduce Scope 1 and Scope 2 emissions by 2031 and become Net-Zero Company by 2040.
• Replacing coal with biomass fuel, electricity transition to renewable purchases and PPAs, water conservation and recycling, CAPEX investment in energy efficient equipment.
• Compliance to Regulations (ISO45001 certified), Periodic Risk Assessment, Employee and Worker Training, Safety Equipment and Infrastructure, Ongoing Safety Audits and continuous employee and worker engagements.
• Established Code of Conduct, various policies and procedures to ensure compliance with applicable regulations, regular audits, trainings and surveys.

Supply Chain Management

Supplier Audits: Annual supplier audit for critical material procurement.

Responsible Procurement

• Code of conduct discouraging child labor, unethical practices, and forced labor.
• Sustainable packaging solutions.
• Sourcing of raw materials for paper manufacturing are certified sustainable by Forest Stewardship Council (FSC).

Climate-Related Risks & Opportunities

Physical Risks

• Heat waves, droughts, extreme floods and cyclones impacting water availability and supply chain.

Transition Risks

• Disruption in the supply chain of traditional fuel increasing prices and affecting operations and profitability.

Opportunities

• Innovating processes to achieve energy efficiency and reduce carbon footprint.
• Exploring decarbonization opportunities and developing low/zero emission products.

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)

Initiatives such as renewable energy adoption, GHG emission reduction, and agricultural waste utilization contribute to these goals.

Sustainable Products & Innovation

• Products from recycled fibres
• Good Paper campaign

Environmental Metrics

ESG Focus Areas

• Energy & Climate Change
• Health and Safety
• Resource Efficiency
• Customer Satisfaction
• Employment Opportunity
• Value, Ethics and Compliance
• Community Engagement & Local employment
• Supply Chain Sustainability
• Product Responsibility & Association
• Diversity & Inclusion

Environmental Achievements

• Installed 10.56MWp Solar Power plant in Budhni, increasing total Solar capacity to 40.9 MWp by June 2024. Increased renewable energy share in total energy mix by 41.6%
• Maintained zero liquid discharge facility, saving more than six million litres of fresh water every day.
• Implemented 5Rs Practice: Reduce, Reuse, Recycle, Re-engineer, and Redesign.
• Partnered with recyclers for Extended Producer Responsibility (EPR) initiatives.
• Converted food and biomass waste into electricity via biogas plants.

Social Achievements

• Funded Madhuban Hospital in Budhni, addressing healthcare needs of 50,000+ people.
• Incorporated social development into business activities through CSR projects addressing education, health & wellness, women empowerment and agro-waste management.
• Implemented various HR initiatives including variable pay, role rotation, and new joinee assimilation.

Governance Achievements

• Established Code of Conduct outlining company values and principles.
• Implemented various policies and procedures to ensure compliance with applicable regulations.
• Conducted regular audits, trainings and surveys to monitor and ensure compliance on ethical conduct across the organization.

Climate Goals & Targets

Environmental Challenges

• Dependency on fossil fuels for boilers and heavy water intake for paper and pulp manufacturing.
• Climate change leading to intense weather events impacting water availability and supply chain.
• Occupational hazards in manufacturing operations.
• Ethical conduct, supply chain compliance, environmental impact, employee and social responsibility risks.

Mitigation Strategies

• Implemented ESG principles across business functions and operations.
• Undertaken Science Based Targets to reduce Scope 1 and Scope 2 emissions by 2031 and become a Net-Zero Company by 2040.
• Replacing coal with biomass fuel, transitioning to renewable energy, water conservation and recycling, and investing in energy efficient equipment.
• Strict adherence to regulations, periodic risk assessments, employee training, safety equipment, ongoing safety audits, and employee engagement.
• Established Code of Conduct, implemented policies and procedures, conducted regular audits, trainings and surveys.

Supply Chain Management

Supplier Audits: Annual supplier audit for critical material procurement

Responsible Procurement

• Code of conduct discouraging child labour, unethical practices, and forced labours.
• Supplier sustainability framework in 2024, comprising of policies on responsible sourcing, code of conduct, supplier due diligence.

Climate-Related Risks & Opportunities

Physical Risks

• Heat waves, droughts, extreme floods and cyclones impacting water availability and supply chain.

Transition Risks

• Disruption in the supply chain of traditional fuel increasing prices and affecting operations and profitability.

Opportunities

• Energy efficiency and carbon footprint reduction.
• Decarbonization opportunities and development of low/zero emission products.
• Climate change adaptation and decarbonization solutions.

Reporting Standards

Frameworks Used: SBTi

Certifications: ISO 9001, ISO 14001, ISO 45001, OEKO-TEX® Made in Green (MIG), OEKO-TEX® Standard 100, Sustainable Textile Production (STeP), Fair Trade Certification, Global Organic Textile Standards (GOTS), Organic Contents Standard (OCS), Global Recycled Standard (GRS), Recycled Claim Standard (RCS)

Sustainable Products & Innovation

• Wheat straw-based paper
• Products from recycled fibres

Awards & Recognition

• Safety Excellence Award
• Trident Paper Gold Award
• National Award for Manufacturing Competitiveness
• India’s Best Design Awards
• Fire & Safety Gold Award
• Silver Medal (Bed, Bath, Yarn, Energy & Chemicals) – India Green Manufacturing Challenge
• Best Display and Concept Award PaperEx 2023
• Best Organisations for Women Award
• ‘Best Eco-Friendly Product of the Year’ Award

Environmental Metrics

ESG Focus Areas

• Energy Management
• Water Management
• Waste Management
• E-Waste Management
• Bio Medical waste Management
• Noise pollution management
• Chemical Management
• Air Emission Management
• Radiation Management
• Packaging

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Promoting a sustainable approach to business, by assessing our purchasing requirements viz. buy recycled materials, reduce waste, use less harmful chemicals
• engaging with suppliers to ensure they have sound waste reduction and waste management criteria
• encourage suppliers with significant water-related impacts to practice water conservation

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 14001:2015