Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Management
• Waste Management
• Human Rights
• Human Capital Development
• Occupational Health & Safety
• Product Quality & Safety

Environmental Achievements

• Eliminated PVC from all packaging
• Achieved 100% recycling of polythene and plastic materials used in product packaging
• Significant progress towards a paperless mission
• Introduced NeemFresche technology for sustainable and environmentally friendly product protection

Social Achievements

• Implemented comprehensive policies and procedures, including Code of Business Conduct, Whistle Blower Policy, Policy of SFL towards Society, and POSH policy
• Implemented measures to prevent workforce discrimination and sexual harassment
• Invested in training and development programs for employees
• Established an On-site Emergency Control Plan with bi-annual mock drills

Governance Achievements

• Extended the Risk management committee to Risk Management and ESG committee for decision making on sustainability related issues
• Implemented an anti-corruption and bribery policy

Climate Goals & Targets

Environmental Challenges

• Climate change risks affecting operations and business, including changing consumer preferences, increased product costs, and future government policies and regulations
• Human rights violations and regulatory non-compliance
• Occupational health and safety risks
• Product quality and safety risks

Mitigation Strategies

• Initiatives to enhance bulk shipment and storage, minimize transportation impact, and minimize excessive packaging
• Introducing block compression for interunit transfers and utilizing Bed in a Box (BIAB)
• Implementing Variable Pressure Foaming (VPF) technology
• Transitioning to solar energy electricity and replacing diesel gen-sets with PNG
• Streamlining packaging processes by adopting a unified layering approach that facilitates recycling and eliminates PVC packaging
• Implementing a comprehensive recycling program for polythene and plastic materials
• Implementing a paperless mission
• Implementing comprehensive policies and procedures to cultivate a culture of trust and prevent human rights violations
• Providing comprehensive training on safety procedures and ethical practices
• Implementing robust quality control measures and adhering to safety regulations

Supply Chain Management

Supplier Audits: 44%

Responsible Procurement

• Careful selection and onboarding of vendors with robust infrastructure and good manufacturing practices
• Encouraging solventless lamination in packaging, using compliant granules and inks, maintaining machines and Effluent Treatment Plants effectively, minimizing color dyeing in fabrics

Climate-Related Risks & Opportunities

Opportunities

• Energy management opportunities to reduce costs, enhance competitiveness, comply with regulations, improve reputation, drive innovation, and foster collaborations

UN Sustainable Development Goals

• SDG 3

Paramedical courses aim to achieve universal health coverage

Sustainable Products & Innovation

• Recycled Fiber Pillows
• Re-bonded Foam

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Management
• Human Rights
• Waste Management
• Human Capital Development
• Occupational Health & Safety
• Product Quality & Safety
• Water Management
• Corporate Governance & Ethics
• Innovation and R&D
• Transparency & Reporting
• Consumer Relationship management
• Product Stewardship
• Corporate Social Responsibility
• Responsible Supply Chain Management
• Diversity & Inclusion

Environmental Achievements

• Reduced water consumption from 1.23 to 1.07 KL per MT of foam production.
• Increased usage of renewable energy (doubled from previous year).
• Maintained energy intensity at 0.12 MtCO2 per Mt of Foam produced.
• Maintained waste generation intensity at 0.03 MT of waste generated per MT of Foam production.
• Replaced diesel gen-sets with PNG (Piped Natural Gas) in the NCR region.
• Implemented a comprehensive recycling program for polyethylene and plastic materials used in product packaging, aiming to achieve 100% recycling rates.
• Adapted sustainable packaging material, such as BOPP-PE to PE (Polyethylene), which increases the recyclability of the product.

Social Achievements

• Received recognition as the "Best Place to Work" continuously for many years.
• Implemented a comprehensive Human Rights Policy and Diversity Equity and Inclusion Policy.
• Emotional Wellness Programme impacting 11,255 beneficiaries directly and 120,45,533 through social media.
• Skill Development Programme impacting 2,630 beneficiaries.
• 100% return to work rate for permanent employees and workers that took parental leave.

Governance Achievements

• Established a 'Risk Management and ESG committee' at the Board level responsible for decision-making on sustainability-related issues.
• Implemented an anti-corruption and bribery policy.
• Ensured timely regulatory reporting and disclosure of all necessary details to internal and external stakeholders.

Climate Goals & Targets

Environmental Challenges

• Climate change risks including water scarcity, supply chain disruption, and sourcing challenges.
• Regulatory, reputational, and market risks associated with the transition to a low-carbon economy.
• Human rights violations and regulatory non-compliance.
• Product Quality and Safety risks leading to product recalls, legal repercussions, and reputational damage.
• Unethical Business conduct and non-compliance to regulatory requirements.

Mitigation Strategies

• Various Green House Gas (GHG) emission reduction initiatives including Variable Pressure Foaming (VPF), bulk shipment and storage, block compression, Bed in a Box (BIAB), and product innovation (Neemfresche foams).
• Energy management programs, investments in energy efficiency (energy-efficient fixtures, PNG conversion, solar streetlights), and energy efficiency trainings.
• Dedicated human rights policy in line with UN Guiding Principles, zero-tolerance towards human rights violations, robust grievance redressal mechanisms, and human rights assessments.
• Compliance with Restriction of Hazardous Substances (RoHS) and REACH regulations, NeemFresche technology, and stringent safety audits.
• Strong governance mechanism, dedicated business code of conduct policy, and ethical business practices.

Supply Chain Management

Supplier Audits: 46% coverage

Responsible Procurement

• Supplier assessment checklist, annual assessment, sustainable sourcing policy, Supplier's / Vendor's Code of Conduct.

Climate-Related Risks & Opportunities

Physical Risks

• Water scarcity
• Supply chain disruption
• Sourcing challenges

Transition Risks

• Regulatory changes
• Market shifts
• Changing consumer preferences
• Increased product costs
• Future government policies and regulations

Opportunities

• Development of energy-efficient products
• Energy management

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001, ISO 27001, ISO 20000-1, IATF 16949, LEED Certificate for corporate office, SEDEX, BIS Product Certification License IS 7953: 1975, Great Place to Work

Third-party Assurance: Not Applicable

UN Sustainable Development Goals

• SDG 3 (Good Health and Well-being)
• SDG 7 (Affordable and Clean Energy)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)

Various initiatives contribute to these goals through skill development, emotional wellness programs, renewable energy usage, sustainable product development, waste reduction, and climate change mitigation.

Sustainable Products & Innovation

• Neemfresche foams
• Recyclable Polyethylene packaging
• Products using more environmentally friendly catalysts
• Vetivers as a raw material for foam production
• Anti-bacterial foams for medical usage

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Ethical Governance
• Reduce, Reuse and Recycle
• Care for People
• Product Stewardship
• ESG as an Organizational Culture

Environmental Achievements

• Use of VPF (Variable Pressure Foaming), a volatile particle-free technology for foam production that also results in lesser chemical consumption
• Use of compressed foam packing, capacity building at suppliers end, use of CNG and battery-operated vehicles for transport of finished goods and WIP inventory
• Reducing scrap foam and utilizing it to make innovative new products with re-bonded foam
• Using recycled Polyols extracted from mattresses and supporting industry initiatives for environment-friendly disposal of end-of-life foam products
• Use of recyclable PE packaging materials
• LEEDS Platinum certified Green Building (Corporate Head Office)

Social Achievements

• Received the “Best Place to Work” certification for many years
• Practice and promotion of equity, inclusiveness, and diversity among employees
• Fair labour practices, compliance with Govt. rules and regulations
• Respect for human rights and human dignity
• CSR initiatives focused on skill development, emotional well-being, and preventive health care for underprivileged and marginal groups

Governance Achievements

• Robust corporate governance framework to identify and deal with ESG risks and opportunities
• Clearly defined policies on Board Charter & Committee Charter, Vigil mechanism & Whistle Blower Protection, Risk Management, Related Party, Familiarization and Code of Insider Trading
• Zero tolerance towards corrupt, abusive, and anti-competitive practices

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Best Place to Work