Platinum Industries Limited
Climate Impact & Sustainability Data (2023-04 to 2024-03)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
ESG Focus Areas
- Sustainability
- Environmental Responsibility
Environmental Achievements
- Reduced energy consumption by 8% despite a 10% increase in production volumes
- Development and commercialization of lead-free stabilizers
- Expansion of production of non-lead-based stabilizers
Social Achievements
- Supporting local education initiatives and vocational training programs
- Collaborating with environmental organizations to support conservation efforts
Governance Achievements
- Successful Initial Public Offering (IPO)
- Established a comprehensive compliance framework
Climate Goals & Targets
Short-term Goals:
- Operationalize new manufacturing facilities in Egypt and India within the next four quarters
Environmental Challenges
- Fluctuations in raw material prices
- Rising freight costs
- Stringent environmental regulations
- Economic slowdown
- Competition from low-cost manufacturers
Mitigation Strategies
- Strategic sourcing and procurement practices
- Exploring alternative raw materials
- Hedging strategies to manage foreign exchange exposure
- Diversifying export markets
- Comprehensive compliance framework
- Investment in advanced manufacturing technologies
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Lead-free stabilizers
- Calcium-Zinc Stabilizers
- Calcium Organic Stabilizers