Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced pollution generation as charted by MP Pollution Board
• Installed a sewage treatment plant to recycle water used in the cooling process
• Planted ~500 trees in and around its premises

Social Achievements

• Invested in practices that have enhanced safety – training, protocols, certifications, investment in supports and awareness-building
• Deepened relationships with vendors and primary customers
• Engaged with the community around its manufacturing location

Governance Achievements

• Strengthened an audit-driven and compliance-driven approach, enhancing the credibility of our reported numbers and strength of our processes
• Deepened investment in processes and systems, especially information technology
• Balanced employee mix around experience and youthfulness

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic restricting cross-border travel, imposing lockdowns, halting commercial activity and destroying consumer sentiment
• Fluctuation in prices impacted product offtake
• Capacity constraints to address the growing demand for moulded fittings

Mitigation Strategies

• Positioned our company ahead of the curve; focused on being opportunity-ready
• Modularised our company into a number of small teams
• Re-structured its pricing strategy
• Introduced a raw material inventory buffer to enhance resin availability that addressed demand fluctuations
• Invested in state-of-the-art technology (equipment, automation, process control and gauges)

Supply Chain Management

Responsible Procurement

• Selected to work with a large Indian vendor

Climate-Related Risks & Opportunities

Physical Risks

• Erratic rainfall

Reporting Standards

Frameworks Used: UNGC

Certifications: ISO 14001, ISO 45001

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 23% of total energy consumption accounted for by solar.
• Reduced water consumption from 2.2 kilolitres per metric tonne in FY 2021-22 to 1.8 kilolitres per metric tonne
• Reduced power consumption from 0.55 units per kg in FY 2021-22 to 0.47 units per kg

Social Achievements

• Periodic health checks, eye testing, and blood donation camps for employees.
• Distribution of medicines in proximate villages.
• Donation of books and study materials to various schools.
• Sustained mediclaim policy for employees; hygienic and nutritious food in the canteen.
• Employee engagement programs (cultural meet, Diwali and Holi celebrations) and birthday celebrations.
• Bus facility for employees and encouraged work-life balance.
• Installation of state-of-the-art fire hydrant systems.

Governance Achievements

• Reinforced operational discipline through ISO 9000, ISO 14000, and ISO 45000 certifications.
• Focus on credible governance that enhances respect as a responsible corporate citizen.
• Premium on Board composition, comprising professionals and industrialists of standing.
• Governance consistency helped maintain margins through market cycles.
• Investment in digitalization to accelerate processes and generate data for informed decision-making.
• Allocation of accruals into incremental investments for sustainable growth.
• Strengthened audit-driven and compliance-driven approach.

Climate Goals & Targets

Environmental Challenges

• Major fire at the manufacturing facility on April 28, 2022, damaging stock and assets worth ₹19.25 crore.
• Loss of market presence for approximately 3 months.
• Increased raw material prices.
• Sharp reduction in PVC prices resulting in inventory losses.
• Resource supply limitations for almost seven months before the peak season.

Mitigation Strategies

• Insurance claim filed for fire damage.
• Resumed manufacturing operations the day after the fire.
• Redesigned plant layout, balanced equipment capacities, digitalized manufacturing functions, increased manufacturing capacity of molded products, enhanced power access, and adopted Salesforce software.
• Addressed the needs of long-term dealers; moderated building material supplies and addressed the growing need for irrigation pipes.
• Added manufacturing capacities to address growing demand.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 9000, ISO 14000, ISO 45000

Awards & Recognition

• Arya Chanakya (MP) Award for Corporate Governance and Corporate Social Responsibility
• Plastindia Foundation Award for contribution to India’s plastics industry

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Planted 1,800+ saplings and 2,500+ shrubs
• Implemented energy-efficiency improvements and water conservation measures
• Installed pollution control equipment and transitioned to renewable energy

Social Achievements

• H0.19 Cr CSR investment FY 2023-24
• Various initiatives focused on skill development and enhancing employee competencies
• Improved employee safety through training and communication

Governance Achievements

• Appointed experienced Directors on the Board with 57% being Independent
• Implemented a whistleblower mechanism
• Addressed investor complaints on time

Climate Goals & Targets

Environmental Challenges

• Economic slowdown
• Inability to produce a range of products
• Increased competition

Mitigation Strategies

• India posted a GDP growth of 7.6% in FY 2023-24
• The Company produces a diverse product portfolio
• The Company is positioned among the most respected and credible companies

Supply Chain Management

Climate-Related Risks & Opportunities