Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Reduced energy consumption for manufacturing masterbatches with sophisticated Plant & Machinery and restructuring of machinery.

Social Achievements

• Not disclosed

Governance Achievements

• Established a Whistle Blower Policy for Directors and employees.
• Constituted an Internal Complaints Committee pursuant to the Sexual Harassment of Women at workplace (Prevention, Prohibition and Redressal) Act, 2013.

Climate Goals & Targets

Environmental Challenges

• Volatile prices of raw materials
• Lack of infrastructure
• Environmental myths
• Poor monsoon impacting demand
• Increased dependency on imported materials
• Higher foreign exchange rates

Mitigation Strategies

• Focus on developing high-technology products through in-house R&D (recognized by DSIR)
• Controlling costs
• Increasing energy efficiency
• Enhancing product portfolio

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Bio-degradable masterbatches
• Masterbatches for BOPP Films, PP Yarns, Fibres

Awards & Recognition

• Top Exporter of Masterbatch award (10th consecutive year from PLEXCONCIL)

Environmental Metrics

ESG Focus Areas

• Conservation of Energy
• Technology Absorption
• Foreign Exchange Earnings & Outgo
• Corporate Social Responsibility (CSR)

Environmental Achievements

• Reduced energy consumption for manufacturing masterbatches through plant & machinery restructuring and sophisticated technology.

Social Achievements

• CSR spending of ` 25.18 lacs on education, animal welfare, and sports promotion.
• Peaceful industrial relations and excellent employee cooperation.

Governance Achievements

• Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• Established a Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Sharp rise in raw material prices.
• Headwinds in export markets due to rupee appreciation.
• Impact of plastic bans on single-use items (though the company is largely unaffected due to diversification).

Mitigation Strategies

• Strategically changed product mix to value-added products with better margins.
• Partially absorbed price increases initially, then gradually passed them on to customers.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: A. G. Ogale & Co. Chartered Accountants

Sustainable Products & Innovation

• Bio-degradable masterbatches
• Masterbatches for BOPP Films, PP Yarns, Fibres

Awards & Recognition

• Plasticon award for Excellence in contribution to Agriculture

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed state-of-the-art technology machines which are energy conservative.
• In process of installing Solar Power Plants at two units situated at Daman & Palsana

Social Achievements

• Contributed ₹100 Lacs to "PM CARES FUND" to combat COVID-19.
• Organized trainings pertaining to IMS - ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 and 5S.
• Started an Internal Capability Development Program, "Gyanoday"

Governance Achievements

• Annual performance evaluation of its own performance, the Directors individually as well as the evaluation of Committees.
• Familiarisation programme for Directors.

Climate Goals & Targets

Environmental Challenges

• High volatility in raw material prices and huge swing in USD rate to INR.
• Export Market continued to face severe headwinds and coupled with volatile currency fluctuations impacted export revenue.
• COVID-19 pandemic impact.

Mitigation Strategies

• Cost rationalization, better product mix and operational efficiency.
• Effective Working Capital Management leading to significant reduction in borrowing.
• Actively manage its foreign exchange risk.
• Actively manages the interest rate risk by adopting suitable strategies to minimise the impact of interest rate fluctuations.

Supply Chain Management

Responsible Procurement

• Long standing business relations with regular vendors.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business

Certifications: ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007

Sustainable Products & Innovation

• bio-degradable masterbatches and masterbatches for BOPP Films, PP Yarns, Fibres

Awards & Recognition

• PLEXCONCIL Top Exporter of Masterbatch award for the Year 2017-18

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Commissioned two solar power plants at its Daman and Palsana units in September 2020, helping in energy conservation and cost rationalization.
• Majority part of total effluent generated is recycled or treated since the Company operates in a zero discharge zone. Domestic Effluent is treated in STPs and its outlet is 100% used for gardening in Company campus to reduce fresh water intake.

Social Achievements

• Paid 100% salary to all employees during COVID-19, even those working from home or not working at all; gave increments to maintain employee morale.
• Extended medical insurance to cover family members of all employees and took a Group Term Life (GTL) Insurance policy for all employees.
• Provided COVID-19 Home Care Treatment Plan coverage for employees.
• Contributed ₹100 Lacs to the PM CARES FUND in March 2020 and provided ventilators to state agencies and contributed to community meal projects during the COVID-19 pandemic.

Governance Achievements

• Established a Whistle Blower Policy.
• Implemented an enterprise-wide compliance management system.

Climate Goals & Targets

Environmental Challenges

• Export market faced severe headwinds and volatile currency fluctuations impacting export revenue in FY2020-21.
• Lockdown/COVID-19 impact reduced eligible export incentives by ₹300 Lacs in FY 2020-21.
• Huge volatility and multiyear high in Polymer prices due to shortage issues; other input prices also escalated.
• High freight costs in the export segment.

Mitigation Strategies

• Partially absorbed price increases initially and gradually passed them on to customers.
• Implemented cost control measures.
• Adopted technological advancements and digitization to overcome COVID-19 challenges.

Supply Chain Management

Responsible Procurement

• Long standing business relations with regular vendors; provides technical support and guidance to vendors.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business

Certifications: ISO 9001, ISO 14001, ISO 45001

Sustainable Products & Innovation

• Bio-degradable masterbatches
• Masterbatches for BOPP Films, PP Yarns, Fibres

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed two solar power plants which help in conservation of energy.
• Reduced energy consumption for manufacturing masterbatches with sophisticated Plant & Machinery and on account of restructuring of machinery.

Social Achievements

• Continued with norms to protect manpower – social distancing, temperature and SPO2 measurement, regular sanitization, Ayurvedic “Kadha” and distribution of masks.
• Conducted a number of training sessions like those on “Living with Core Values of PBIL”, “Building the culture of Accountability”, “Six Sigma” for staff and Awareness on Losses of Absenteeism for workers.
• Covered employees under Group Insurance policies – like Term Life Insurance, Mediclaim Insurance etc.

Governance Achievements

• The Company is fully compliant with the Corporate Governance requirements as specified by Regulation 17 to 27 and clauses (b) to (i) & (t) of Regulation 46(2) and Para C, D and E of Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Climate Goals & Targets

Environmental Challenges

• Continued shortage of few materials and the polymer & other raw materials experienced huge unprecedented volatility.
• Ocean freight cost increased substantially and there were shortages in containers and availability of container was a major issue.
• Export Market continued to face severe headwinds and coupled with volatile currency fluctuations impacted export revenue in FY2021-22.
• Multiple headwinds impacted the margin of the Company.

Mitigation Strategies

• Strategically decided to partially absorb the impact of raw material volatility.
• Actively manages its foreign exchange risk.
• Actively manages the interest rate risk by adopting suitable strategies to minimise the impact of interest rate fluctuations, including maintaining an optimal balance of different loan types and maturities.
• Appropriate measures like periodic review and rigorous follow-up are put in place for timely collection of dues from the customer.
• Exports and domestic sales are covered under receivable insurance policy.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business

Certifications: ISO 9001, ISO 14001, ISO 45001

Sustainable Products & Innovation

• bio-degradable masterbatches and masterbatches for BOPP Films, PP Yarns, Fibres etc.

Awards & Recognition

• PLEXCONCIL “Top Exporter of Masterbatch” Award for the Year 2019-20 and 2020-21

Environmental Metrics

Environmental Achievements

• Installed two solar power plants which help in conservation of energy.
• Reduced energy consumption for manufacturing masterbatches with sophisticated Plant & Machinery and on account of restructuring of machinery.

Social Achievements

• Many efforts were also put in creating awareness among workers about the losses they face due to absenteeism which included conducting trainings for them.
• Regular health check-ups, conducting health talks for employees and also conducting dental check-ups for them are few of the activities that we did to focus on the aspect of employee wellness.

Governance Achievements

• The Company is fully compliant with the Corporate Governance requirements as specified by Regulation 17 to 27 and clauses (b) to (i) of Sub-Regulation (2) of Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Climate Goals & Targets

Environmental Challenges

• Post COVID global economic downturn has made economic environment very challenging. There was intense competition and pricing pressure from established and new players and Company had strategically decided to absorb input price rise during the year.
• Export Market continued to face severe headwinds and coupled with volatile currency fluctuations impacted export revenue in FY2022-23.

Mitigation Strategies

• Due to financial discipline and effective working capital management, As of 31st Mar 23, there is no bank borrowings.
• The Company's policy is to actively manage its foreign exchange risk. The Company actively manages the interest rate risk by adopting suitable strategies to minimise the impact of interest rate fluctuations, including maintaining an optimal balance of different loan types and maturities.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• bio-degradable masterbatches and masterbatches for BOPP Films, PP Yarns, Fibres etc.