Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Reduced carbon emissions by offsetting 70% of electricity tariffs at tea manufacturing units using wind energy.
• Use of Effective Microorganism’s technology for enhancing soil fertility and ensuring water conservation.
• 50% reduction in control costs for tea mosquito bugs by releasing predators.

Social Achievements

• Provided free medical services and other social services to the community at tea estates.
• Maintained progressive industrial relations with trade unions.
• Implemented a structured training program for employees.

Governance Achievements

• Complied with all mandatory requirements as specified in SEBI LODR Regulations, 2015.
• Established a Whistle Blower Policy and vigil mechanism.
• Adopted a Policy on prevention, prohibition and redressal of sexual harassment at workplace.

Climate Goals & Targets

Environmental Challenges

• Adverse weather conditions, increase in wages, rising input costs, and unremunerative tea prices.
• Resistance from customers for price reduction and increase in raw material prices.
• Lower offtake of dental products due to Covid-19 lockdown restrictions.

Mitigation Strategies

• Undertaken measures for cost reduction and improvement in tea yield and productivity.
• Developed new products and explored organic growth for Electromags Division.
• Developed 5 new dental products and planned workshops to engage customers.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Bought leaf operations and outsourcing from small growers.

Climate-Related Risks & Opportunities

Physical Risks

• Unpredictable weather, pests, diseases

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Fairtrade, Rainforest Alliance, UTZ, Organic agriculture, Trustea

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Conservation of Energy
• Technology Absorption
• Foreign Exchange Earnings and Outgo
• Corporate Social Responsibility
• Employee Well-being
• Environmental Sustainability
• Human Rights

Environmental Achievements

• Use of electricity generated through Wind energy: Windmills near Singampatti Group in Tamil Nadu are used to generate electricity thereby offsetting 76% of electricity cost at our tea manufacturing units as compared to 70% in the previous year.
• 50% reduction in control costs for the tea mosquito bugs by introducing natural predators.
• Bio Methanisation Plant which generates Biogas from Coffee waste
• Water treatment Plants

Social Achievements

• Training programs for employees on statutory compliance, hygiene and nutrition, information technology, adoption of standard operating procedures, occupational health and safety awareness.
• Progressive industrial relations were maintained with all trade unions through regular interaction with representatives at all levels to secure the welfare of labour.
• Bombay Burmah Plantation Welfare Trust to provide education, medical care, pension, provision and maintenance of public utilities

Governance Achievements

• Compliance with Secretarial Standards SS-1 and SS-2.
• Well-defined risk management framework.
• Policy on Related Party Transactions.
• Whistle Blower Policy

Climate Goals & Targets

Environmental Challenges

• Continued impact of the outbreak of Covid-19 pandemic
• Unpredictable and unseasonal weather affecting tea production
• Ageing workforce and lack of manpower in tea plantations
• Three-year compulsory wage settlement increasing wages in tea plantations
• Stagnant domestic prices at tea auctions
• Untimely rains affecting coffee crop
• High temperatures and humid conditions causing pest infestation in coffee
• Increasing labour wages and lower availability of manpower in coffee plantations
• Price pressure from customers in auto electric components business
• Increase in prices of raw materials in auto electric components business
• Supply chain uncertainties and inflation in auto electric components business
• COVID-19 impact on dental industry

Mitigation Strategies

• Measures to mitigate the impact and challenges arising from Covid-19 pandemic
• Integrated nutrient management in tea plantations
• Combating tea mosquito bug by introducing natural predators
• Inclusion of bio fertilizers in tea plantations
• Improving Land Productivity
• Automation in tea factory
• Expansion of retail tea sales
• Crop diversification in coffee plantations
• Converting unproductive Arabica area into Robusta in coffee plantations
• Focus on current business line and efforts to increase share of business from existing customers and adding new customers in auto electric components business
• Development of new products in auto electric components business
• Hands-on workshops for dentists and strengthening dealer networking in healthcare business
• Establish R&D department in healthcare business

Supply Chain Management

Responsible Procurement

• Bought leaf operations
• Outsourcing coffee beans from small growers and local producers
• Code of Conduct for Suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Unseasonal weather
• Climatic changes
• Pests
• Forest fires
• Extended drought
• High temperatures and humid conditions

Opportunities

• Increase in organic areas
• Automation in factory
• Expansion of retail tea sales
• Potential for entry into new markets
• Increased future potential of revenue from timber sales
• Opportunities for acquisitions, joint ventures and technical collaboration
• Migration to new technological products

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Use of electricity generated through Wind energy: Windmills near Singampatti Group in Tamil Nadu are used to generate electricity thereby offsetting 76% of electricity cost at our tea manufacturing units as compared to 70% in the previous year.
• Inhouse breeding of Predators of the Tea Mosquito Bug, an aggressive pest in tea.
• Use of in house bio sprays to boost health and immunity of plants as also to reduce pesticide residue limits in tea.
• Natural traps for the Shot hole borer beetle which causes debilitation in the tea plant.

Social Achievements

• Implemented a structured training program at all levels to retain and improve human capital.
• Industrial relations at the Division have been cordial.
• Conducted Hands-on workshops for dentists to engage more customers for DPI promoted products, to restructure and strengthen the distribution network for better market coverage and introduction of new products in trading business.

Governance Achievements

• The Board undertook an annual performance evaluation of its performance and that of its Committees viz. Audit Committee, Stakeholders’ Relationship Committee, Nomination and Remuneration Committee, CSR Committee, Risk Management Committee and of the individual Directors.
• The Board, on the recommendation of the Nomination & Remuneration Committee, has formulated a Policy for the remuneration of Directors and Senior Management.

Climate Goals & Targets

Environmental Challenges

• Tea business continued to underperform due to adverse weather conditions, increase in wages and rising input costs and unremunerative price for tea as commodity.
• Electromags division was under pressure due to resistance by customers, particularly OEMs and price increase of main raw materials as also slowdown in the auto industry.
• The working of Healthcare Division was impacted due to lower offtake of its alloy products in the wake of health concerns in the dental fraternity regarding the usage of alloys.
• The unlocking value of land parcels could not be achieved due to sluggish market conditions in the real estate sector and politico-economic conditions.

Mitigation Strategies

• Various measures are being undertaken for cost reduction and improvement in yield and productivity of Tea businesses.
• Efforts are also made to move up the value chain to improve margins by introduction of packet tea.
• The diversification plans are under consideration for increase in business potentials.
• The Corporation is actively pursuing unlocking the value of land parcels.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• unpredictable and unseasonal weather

Environmental Metrics

ESG Focus Areas

• Resources
• People
• Growth
• Governance

Environmental Achievements

• Reduced specific water consumption to 0.84 kL/Ton of production, which is ~32.84% reduction from the baseline of 2019-20.
• Achieved plastic neutrality for the third consecutive year and collected & responsibly processed ~45,000 tonnes of plastic.
• Achieved ~28% share of renewable electricity sourced from wind and solar power in total electricity consumption.

Social Achievements

• Britannia Nutrition Foundation positively impacted ~2.3 lakh lives through its Malnutrition Reduction Program.
• Dairy Farmer Extension Program benefitted ~3,000 farmers.
• Percentage of permanent female employees increased to 12.57%.

Governance Achievements

• ESG assessments conducted for 453 suppliers, representing 87% of total spend.

Climate Goals & Targets

Environmental Challenges

• Decrease in renewable electricity share in total electricity consumption (~6%) due to inclusion of Dairy Plant and new factories in reporting boundary.
• Increase in GHG emissions intensity (scope 1 + scope 2) by ~3% compared to the previous year.
• Weak demand sentiment in rural areas, pricing pressures, and changing consumer preferences.

Mitigation Strategies

• Investments in renewable energy to increase renewable energy share to 57% of total electricity consumption.
• Implementation of decarbonizing measures across business operations.
• Judicious price increases, focus on managing input costs, and expansion of rural distribution footprint.

Supply Chain Management

Supplier Audits: 453 suppliers (87% of total spend)

Responsible Procurement

• Sustainable Sourcing Policy
• Supplier Code of Conduct
• Supplier Assessment Tool
• Prioritization of local sourcing

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR, GRI, National Guidelines on Responsible Business Conduct

Certifications: ISO 14001, ISO 45001, ISO 22000, FSSC 22000, ISO 10002:2018, AIB

Third-party Assurance: Grant Thornton Bharat LLP

Awards & Recognition

• SKOCH ESG Award (Gold)
• SKOCH ESG Award (Silver)
• CII EHS Excellence Awards (Gold for Khurda & Silver for Guwahati, Hajipur, Mundra and Kolkata factories)
• Kantar BrandZ Most Valuable Food Brand
• ETBrandEquity Digital Brand of the Year
• Marketing team of the Year at the Indian Marketing Awards
• Kincentric Best Employer 2023