Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Hyderabad manufacturing run by Solar Power Generation System
• Exclusive use of CNG for manufacturing at Chhatral ensuring a reduction in emissions and pollution
• Phasing out plastics and foil-based packaging
• Adopting new-age environmentally sustainable packs, using soluble sachets, paper bags, and flexible packaging for liquid products
• On route to achieve ‘zero non-recyclable plastics’ consumption
• Reduced dosage of our products versus traditional fertilizers promotes responsible farming

Social Achievements

• Covid-19 Relief Programme: distribution of Oxygen Concentrators, Immunity booster kits, Masks, Sanitizers, Face shields, and Rapid Antigen Testing Kits
• Farmers meeting and training programs on a digital platform (Aries Fasal Sabha)
• Provided fees and scholarships to students
• Organized soil testing camps
• Farmers Call Centre providing answers to farmers’ queries

Governance Achievements

• Seventeen consecutive years of ISO 9001:2015 certification with zero non-compliance report
• Established a Vigil Mechanism and Whistle Blower Policy
• Complied with the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013

Climate Goals & Targets

Environmental Challenges

• Supply chain constraints in the second half of the year
• Rising input costs
• Availability shortages for imported raw materials (especially from China)

Mitigation Strategies

• Expanded Indian manufacturing base (Vijayawada and Raipur)
• Resumed operations at Fujairah, UAE facility
• Finding domestic sources of raw materials
• Intensive campaigning to establish products launched in the recent two years
• Introducing product variants to reduce cost of application to farmers
• Identifying substitutes for high-cost products within the Aries range

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Erratic rainfall and water availability

Transition Risks

• Fluctuations in oil and gas prices
• Foreign exchange rate fluctuations
• Shortages of key raw materials
• Pricing pressure

Opportunities

• Creating demand for cheaper substitutes
• Expanding into bulk and institutional business
• Reducing costs through technology integration
• Expanding distribution network

UN Sustainable Development Goals

• Goal 2 (Zero Hunger)
• Goal 6 (Clean Water and Sanitation)
• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 13 (Climate Action)

Aries Agro's initiatives are aligned with several UN SDGs, focusing on food security, clean energy, decent work, climate action, and clean water and sanitation.

Sustainable Products & Innovation

• Organic Bio Range
• Crop Specific Nutrition Products
• Fisheries Micronutrient Complexes

Awards & Recognition

• National Award for Excellence in Manufacturing (Best Operational Excellence)
• Dare to Dream Awards (Company of the Year – Agriculture)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Hyderabad manufacturing unit run by Solar Power Generation System, generating 47,974 units of power (44,392 consumed, 3582 sold to grid)
• Exclusive use of CNG for manufacturing at Chhatral Unit
• Conversion of boilers in Hyderabad Unit from diesel to solid briquette based fuel
• All Aries products based on philosophy of “Use less chemicals and use safe chemicals”
• All Aries Chelates are environmentally safe
• All packaging for powders and liquids converted into 100% recyclable forms
• Twenty-one Aries products are organic certified by UK Cert

Social Achievements

• Farmers Call Centre disseminated crucial agricultural information to 28729 farmers
• Annadanam conducted at 200+ locations
• 150 Aries Well on Wheels distributed in water scarcity regions
• 25670 knowledge dissemination activities impacting almost 13 lakh farmers
• 60 Fasal Sabhas conducted online, reaching almost 4 lakh viewers
• Scholarships and sponsorships provided to students
• Soil testing camps conducted, issuing 6232 Soil Health Cards

Governance Achievements

• Company complied with various requirements under Corporate Governance reporting system
• Auditors’ Certificate on Compliance with Corporate Governance conditions annexed to report
• Eighteen consecutive years of ISO 9001:2015 certification with zero non-compliance
• Received BIS Certification for Chelamin product

Climate Goals & Targets

Environmental Challenges

• Above normal rainfall with large deficits in certain parts, leading to 1% decline in Kharif crop
• 5% fall in sown area of Paddy, Pulses and Oil seeds
• Excess rain in North East Monsoon season affecting farm realizations
• Supply disruptions from China and high raw material prices due to logistic bottlenecks and war in Ukraine
• Steep rise in raw material costs

Mitigation Strategies

• Changed market prices almost every quarter
• Announced short-term area-specific schemes to maintain demand
• Institutionalized cost control using training and incentive programs
• Better working capital management reduced inventory and debtors, resulting in interest cost savings
• Introduced climate-proof products to address rainfall shortfalls
• Focused on products suited for irrigated areas

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Erratic rainfall and water availability
• Excess rain in North East Monsoon season

Transition Risks

• Fluctuations in oil and gas prices
• Foreign exchange rate fluctuations
• Shortages of key raw materials
• Pricing pressure

Opportunities

• Creating demand for cheaper substitutes
• Expanding into bulk and institutional business
• Reducing costs through technology integration
• Increasing distribution network
• Growth in product range
• Expansion into unserved markets

UN Sustainable Development Goals

• Goal 2 (Zero Hunger)
• Goal 6 (Clean Water and Sanitation)
• Goal 7 (Affordable and Clean Energy)
• Goal 11 (Sustainable Cities and Communities)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 14 (Life Below Water)
• Goal 15 (Life on Land)

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• Calmax
• Orgaboost
• Aries GIA
• Products for Urban Farming

Awards & Recognition

• India Book of Records 2022
• Iconic Brand of the Year Award 2022
• Business Brand Award for the most Reliable Brand in 2022
• The Corporate Titan Award 2022
• The IPF Industrial Excellence Award 2022

Environmental Metrics

ESG Focus Areas

• Sustainable Agriculture
• Climate Change
• Farmer Welfare
• Employee Well-being
• Gender Equality

Environmental Achievements

• Installed 160 kW solar panel facility in Mumbai, preventing 150 tons of carbon emissions.
• Continued power generation through solar system at Pashamylaram unit.
• Used CNG for manufacturing at Chhatral unit.
• Converted boilers in Hyderabad unit from diesel to solid briquette fuel.
• 21 organic certified products by UK Cert
• All Aries products are based on the philosophy of “Use less chemicals and use safe chemicals” – low doses of chemically inert and cost effective nutrient complexes
• All our packaging for powders and liquids have been converted into 100% recyclable forms.

Social Achievements

• Conducted farmer meetings impacting 14,23,123 farmers.
• Established an additional call center in Odisha, benefiting 118,932 farmers.
• Provided scholarships and sponsorships to students.
• Organized soil testing camps, issuing 12,795 Soil Health Cards/Reports.
• Celebrated Foundation Day with Annadanam, benefiting over 10,500 people.
• Low employee turnover.
• 73% of employees from towns and villages.
• 42% women employees in Mumbai, 40% in Pashamylaram factory, and 33% in Chhatral facility.
• Five women-led departments in the Head office

Governance Achievements

• Complied with Corporate Governance requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013.
• Board evaluation conducted.
• Nomination and Remuneration Policy in place and hosted on the company website.
• Vigil Mechanism and Whistle Blower Policy in place.

Climate Goals & Targets

Environmental Challenges

• Erratic rainfall and water availability.
• Fluctuations in oil and gas prices.
• Foreign exchange rate fluctuations.
• Shortages of key raw materials.
• Pricing pressure.
• Indirect and direct substitutes.
• Foreign Exchange Risk, supply chain uncertainties due to war and blockades, increase in import costs, high logistic costs thus leading to high cost of raw materials

Mitigation Strategies

• Proactive inventory management.
• Frequent rebalancing of market schemes.
• Cost reduction through training and incentives.
• Purchase department reduced costs for 1919 SKUs of packing material and 227 raw materials.
• Improved working capital management.
• Creating demand for cheaper substitutes of higher cost products, locally sourced or ‘Made in India’ import substitutes, expanding into bulk and institutional business, reducing costs through technology integration with raw materials being purchased in-house through our subsidiaries.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Erratic rainfall
• Water availability

Transition Risks

• Fluctuations in raw material prices
• Pricing pressure

Opportunities

• Development of climate-proof products
• Expansion in plant protection products

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 11 (Sustainable Cities and Communities)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 14 (Life Below Water)
• Goal 15 (Life on Land)
• Goal 1 (No Poverty)
• Goal 2 (Zero Hunger)
• Goal 3 (Good Health and Well-being)
• Goal 4 (Quality Education)
• Goal 10 (Reduced Inequalities)
• Goal 5 (Gender Equality)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 17 (Partnerships for the Goals)

Aries Agro's initiatives are aligned with various UN SDGs through its focus on sustainable agriculture, farmer welfare, employee well-being, and responsible business practices.

Sustainable Products & Innovation

• Aries HD range
• Majorsol - Chilly & Spices Special, Millets Special and Betel-vine Special
• Aries Pro

Awards & Recognition

• Sustainable Agriculture Award
• National Excellence Award 2024
• Agriculture Leadership Award 2024
• Finance Transformation Initiative of the Year Award
• MILT Excellence Award
• Agri Business Summit & Awards
• Brand R.Comm Award 2024
• Best Technology Adoption
• National Business Excellence Awards 2023
• Asia’s Best Employer Brand Awards 2023
• Asia’s Best CSR Practices Award 2023