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- Volatile raw material prices, outdated technology and competition from international firms pressuring margins and affecting overall performance.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