Climate Change Data

Poddar Pigments Limited

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Renewable Energy Share:55%

ESG Focus Areas

  • Environmental Sustainability
  • People Excellence
  • Green Initiatives

Environmental Achievements

  • Commissioned a 3 MWp Solar Power Plant at Jhinjhinyali, Jaisalmer (Rajasthan), elevating solar energy usage to approximately 55% across all facilities.
  • Earned the Global Recycled Standard (GRS) certification for select grades of Polyester Black masterbatches.

Social Achievements

  • Maintained harmonious relations with workers; production and productivity were maintained at desired levels.
  • Conducted various employee well-being activities such as Mass Blood Pressure Screening Camps, Eye Check-up camps, etc.
  • Received the “Best Employer Award - 2023” in the Large Scale Industry category.

Governance Achievements

  • Complied with all applicable requirements of the Corporate Governance Report.
  • All complaints received during the financial year 2023-24 were attended and resolved satisfactorily.

Climate Goals & Targets

Medium-term Goals:
  • Anticipates better operational performance in the current year.
  • Export sales growth of approximately 10% per annum over the next few years.

Environmental Challenges

  • Muted exports due to unexpected headwinds in the global market.
  • Volatile raw material prices, outdated technology and competition from international firms pressuring margins and affecting overall performance.
  • Economic slowdowns impacting margins and sales.
Mitigation Strategies
  • Strategically refining operational approaches to better meet customer needs.
  • Upgrading manufacturing facilities to ensure production of top-tier products.
  • Embracing technological advancements to adapt to the evolving business landscape.
  • Adopting new technologies, developing innovative masterbatches through ongoing R&D, reducing material costs, re-engineering business and manufacturing processes.
  • Comprehensive insurance policies in place to provide adequate coverage for anticipated risks.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • GRS certified Polyester Black masterbatches

Awards & Recognition

  • Best Employer Award - 2023