Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustenance
• Employee Safety
• Social Impact
• Diversity and Inclusion
• Corporate Governance
• Energy Self-Reliance

Environmental Achievements

• Reduced specific water consumption in utility by 21%
• Saved 182,000 m3 of water through rainwater harvesting, recycled effluent, and condensate recovery
• Solvent recovery in the tune of 80-95% for various solvents
• 60% of purchased electricity from renewable sources
• Reduced Scope-2 GHG emissions by 6% due to increased renewable energy consumption
• Planted 1,645 tall trees within its premises and more than 1,800 outside its sites

Social Achievements

• Successfully running a school since 1976 in Roha, Maharashtra
• Launched Internal Job Posting initiatives, recruiting 10 personnel
• Reduced employee turnover by 7% among women employees
• Increased production quality extensively with women employees on shop floor
• Reached 32,908 beneficiaries through engagement programmes

Governance Achievements

• 100% Independent directors on Audit and Nomination and Remuneration Committee
• Established culture of doing the right thing, the right way, and a robust Governance framework
• Zero cases of anti-harassment recorded
• Zero cases of Human Rights violation recorded
• Zero cases of corruption/bribery reported

Climate Goals & Targets

Environmental Challenges

• Increased absolute energy consumption due to commissioning of new projects and infrastructure expansion
• Potential health and environmental risks associated with nanoparticles in pigments
• Need to improve the overall safety culture among the associates (contract workforce)

Mitigation Strategies

• Identified projects to reduce energy consumption for other business units
• Committed to supporting efforts to better understand the nano characteristics of pigments, safe use, and potential health and environmental risks
• Implemented SUDA Kavach safety-culture transformation journey with Chola MS Risk

Supply Chain Management

Supplier Audits: 100% of new suppliers screened for ESG compliances

Responsible Procurement

• Supplier Code of Conduct covering ESG aspects
• Preferred suppliers with ISO 14001, ISO 45001, and equivalent certifications

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Internally assured by the Company’s management

UN Sustainable Development Goals

• Not disclosed

Sustainability targets and KPIs are in line with the 17 UN Sustainable Development Goals (SDGs)

Sustainable Products & Innovation

• Proprietary process for manufacturing Isoindolinone Pigments reducing HCB concentration

Awards & Recognition

• Silver medal in EcoVadis CSR Assessment 2022
• Certified as a Great Place to Work for 4 consecutive years
• Global Clean Village Award
• Corporate HR Best Practices award 2021
• Mahabrand 2021-22
• Lokmat Achievers Award 2021
• Suryagaurav National Award 2021

Environmental Metrics

ESG Focus Areas

• Business Accountability
• Environmental Responsibility
• Manufacturing Excellence
• Strengthening Social Inclusiveness

Environmental Achievements

• Reduced waste sent to landfills by half from the previous fiscal year
• 59% of purchased electricity from renewable energy sources
• 19% reduction in water intensity per production unit
• Successfully converted aluminum solution, a by-product, into aluminum hydroxide

Social Achievements

• Lives impacted through CSR initiatives ~52,000
• Implemented several measures to build a truly diverse and inclusive workforce
• LTIFR of 0.0

Governance Achievements

• 18.18% women directors on the Board
• 100% compliance with all applicable regulations
• No cases of corruption or bribery reported

Climate Goals & Targets

Environmental Challenges

• Climate change-related water disruptions
• Inefficient water usage
• Potential of carbon taxes
• Emerging regulations concerning waste disposal and effluent discharge
• Complex and diverse supply chains
• Dynamic regulations
• Emissions regulations
• Corruption and bribery
• Anti-competitive practices

Mitigation Strategies

• Implemented various water conservation measures
• Increased use of renewable energy
• Formulating decarbonization strategy
• Adopted the supplier-51 program
• Implementing innovative solutions to reduce environmental impacts
• Adhering to strict air quality standards
• Zero-tolerance policy towards corruption
• Training on Sudarshan’s Code of Conduct

Supply Chain Management

Supplier Audits: 100% of new suppliers screened for ESG compliance

Responsible Procurement

• Supplier Code of Conduct
• Supplier-51 program

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Carbon taxes
• Market shifts

Opportunities

• Energy conservation and source diversification

Reporting Standards

Frameworks Used: GRI Universal Standards, 2021, UNGC

Certifications: ISO 14001, ISO 45001

Third-party Assurance: TÜV Nord Group

Sustainable Products & Innovation

• HPPs
• CICPs
• Aluminum Hydroxide

Awards & Recognition

• Global Sustainability Award by Energy & Environment Foundation
• Mahabrand – Sakal Media Group
• Best CSR Video- India’s CSR Film Festival
• Navbharat Navrashtra CSR Awards
• Mahatma Award – CSR Excellence
• Corporate HR Best Practices award by NHRD
• Gender Smart Business Solution
• Silver Medal in the EcoVadis Assessment

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Management
• Waste Management
• Energy Management
• Biodiversity
• Human Rights
• Social Development
• Corporate Governance

Environmental Achievements

• Reduced GHG emissions by 42.4% by FY 2029-30 from 2021 baseline
• Achieved 70% renewable energy share of total energy consumed
• Reduced landfill quantity by 9% compared to the previous year
• EcoVadis Gold rating (top 3 percentile in chemical sector)
• CDP ‘B’ rating for Climate Change and Water Security

Social Achievements

• SUDHA program impacting 80,000+ lives through women empowerment, health, education, and community development initiatives
• Employs more than 200 women on the shop floor
• CII National HR Excellence Award 2023-24
• Zero reported incidents of child labour, forced labour, physical/verbal abuse or other human rights violations

Governance Achievements

• Robust Enterprise Risk Management (ERM) framework
• Established comprehensive ESG Governance Mechanism
• EcoVadis Gold rating
• CDP ‘B’ rating for Climate Change and Water Security
• OEKOTEX certification

Climate Goals & Targets

Environmental Challenges

• Global economic challenges (inflation, interest rates, subdued demand)
• Demand softness in China and Europe
• Climate change related risks (extreme weather, water disruptions)
• Supply chain diversification needs
• Waste management regulations
• Supplier sustainability
• Air pollution regulations
• Corruption and bribery
• Competitive practices

Mitigation Strategies

• Aggressive cost-cutting measures
• Aggressive sales strategy
• Capex on energy conservation and source diversification
• Water conservation measures
• Waste reduction and recycling programs
• Supplier-51 program
• Electro-Static Precipitators (ESP) and Scrubbers
• Zero-tolerance policy for corruption and bribery
• Code of Conduct and Whistleblower Policy training

Supply Chain Management

Supplier Audits: 65% assessed for environmental impacts (as of 31st March 2024)

Responsible Procurement

• Supplier-51 program
• ESG criteria screening of new vendors (w.e.f. FY 2024-25)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Market shifts

Opportunities

• Energy efficiency improvements

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 45001, OEKOTEX

Third-party Assurance: TUV India Private Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• EcoVadis Gold rating
• CDP ‘B’ rating for Climate Change and Water Security
• OEKOTEX certification
• CII National HR Excellence Award 2023-24