Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Sustainable Product Development
• Employee Well-being
• Stakeholder Engagement
• Human Rights
• Environmental Protection
• Inclusive Growth
• Customer Engagement

Environmental Achievements

• Developed antimony-free solar glass (elimination of toxin from glass)
• Introduced anti-reflective and anti-soiling coated solar glass (saving water)
• Implemented shipments in reusable/returnable packaging to reduce wood consumption
• Energy consumption optimized by using efficient furnace, consuming less gas in glass production
• 100% recycling of broken glass pieces (cullet)
• Wastewater recycling
• Recycling and reuse of packing boxes
• Using returnable steel pallets for delivery
• Installed a 1.5 GW wind power project
• Installed Sewage Treatment Plant (STP) for water reuse and compost generation

Social Achievements

• CSR initiatives including COVID-19 pandemic relief (distribution of safety materials and food), horticulture project, medical aid, and educational contributions
• Procuring 100% sand from local MSMEs, developing their capabilities through technical guidance and support
• Hiring more than 85% of manpower from surrounding areas with skill development training
• Developing entrepreneurship opportunities for locals
• Employee association recognized by management

Governance Achievements

• Ethics, Transparency and Accountability Policy approved by the Board of Directors
• All 17 investor complaints resolved during FY2020-21

Climate Goals & Targets

Environmental Challenges

• Advisory note from SPCB regarding water seepage (resolved)

Mitigation Strategies

• Submitted response to SPCB advisory note

Supply Chain Management

Responsible Procurement

• Sourcing from licensed and regulated vendors with long-term relationships
• Engaging with vendors on sustainability aspects

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environment, and Economic responsibilities of businesses

Certifications: ISO 14001:2015

Sustainable Products & Innovation

• Antimony-free solar glass
• Anti-reflective and anti-soiling coated solar glass

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced carbon footprint by 22% below the default score of the glass industry.
• Saved 4.25 Lakh kgs of wood resulting in 132 tCO2e of lower CO2 emissions through reusable steel pallets.
• Reduced water intensity to 0.019 m3/ sqm from 0.021 m3/ sqm.
• Recycled 51,430 MT of waste.

Social Achievements

• Provided 1247 hours of training to employees.
• Maintained zero fatal accidents.
• Implemented COVID-19 Welfare Policy including continued salary for families of deceased employees and vaccination drives.
• Achieved a customer satisfaction score of 88 out of 100.

Governance Achievements

• Established a comprehensive risk management framework.
• Implemented a Code of Business Ethics applicable to all directors and employees.
• Maintained a diverse board of directors with independent and women directors.

Climate Goals & Targets

Environmental Challenges

• Climate change risks such as shortage of key resources (water, fuel), adverse impact on stakeholder health, and changing regulations.
• ESG risks leading to loss of stakeholder interest and regulatory action.

Mitigation Strategies

• Developed a net-zero roadmap aiming for carbon neutrality by 2040.
• Investing in a 10 MW wind and solar hybrid power plant.
• Implementing an ESG transformation journey with a third-party consultant and internal taskforce.
• Developing a dedicated Supplier CoC.

Supply Chain Management

Supplier Audits: As and when required

Responsible Procurement

• Acceptance of materials as per ISO standards
• Vendor development for raw materials
• Following Material Safety Data Sheet for all raw materials

Climate-Related Risks & Opportunities

Physical Risks

• Shortage of key resources (water, fuel)

Transition Risks

• Changing regulations

Opportunities

• Growth in renewable energy industry

Reporting Standards

Frameworks Used: UNGC, UNSDGs

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Initiatives contribute to reducing carbon emissions and promoting renewable energy.

Sustainable Products & Innovation

• Anti-glare glass
• Antimony-free solar glass
• High-efficiency solar glass
• Low sodium content glass
• Anti-soiling coating glass
• Bifacial glass

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Management
• Energy Management
• Employee Health and Safety
• Code of Conduct
• Risk Management
• Waste Management
• Product Packaging
• Human Rights
• Customer Relationship
• Supplier Assessment
• Board Transparency
• Labor Practices

Environmental Achievements

• Achieved a carbon footprint 22% lower than the default score in glass manufacturing.
• Successfully commissioned its third furnace (SG#3), increasing manufacturing capacity.
• Invested in a 10 MW Hybrid Renewable energy plant, increasing renewable energy consumption to about 30%.
• Developed an antimony-free solar glass (NoSbEra) with patented technology.
• Increased utilization of reusable packaging for solar glass dispatches, reducing wood consumption.
• Reduced RO water consumption in the washing process by 50%.

Social Achievements

• Maintained zero lost time injury frequency rate (LTIFR) and zero fatalities.
• Implemented comprehensive training and development initiatives.
• Prioritized workforce engagement through initiatives managed by the cross-functional team, Umang.
• Participated in a social project that planted over 40 million fruit trees.
• Resolved 104 customer complaints within the fiscal year.

Governance Achievements

• Upgraded ERP system to the latest SAP S4 HANA version.
• Established the "B. L. Kheruka Centre for Research & Development" in Pune.
• Formulated an Anti-Bribery & Anti-Corruption Policy.
• Formulated a Board Diversity Policy.
• Implemented a Sustainable Supply Chain Policy.
• Formulated a Data Privacy Policy.

Climate Goals & Targets

Environmental Challenges

• Lower selling prices in the domestic market due to cheaper imports and removal of Anti-dumping duty on Chinese glass.
• Increased cost of raw materials, energy, and packing materials.
• Significant drop in international freight costs making imports cheaper.
• High share of imports (85%) into India.
• Subsidized solar glass imports from China, Vietnam, and Malaysia.
• Exemption from Basic Customs Duty on solar glass imports.

Mitigation Strategies

• Implementing cost reduction measures.
• Focusing on exports (increased by 50.76%).
• Highlighting the anomaly of duty-free solar glass imports to government authorities.
• Taking appropriate steps under available trade remedies.
• Investing in R&D for new products and processes.
• Focusing on cost optimization and increasing productivity.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable Supply Chain Policy
• Code of Conduct prohibiting child labor and forced labor

Climate-Related Risks & Opportunities

Physical Risks

• Climate change impacts on supply and distribution chain, production capabilities

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: UNGC, UNSDGs, National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business in India

Certifications: ISO 45001:2018, ISO 9001:2015, ISO 14001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7
• Goal 11
• Goal 12
• Goal 13

Not disclosed

Sustainable Products & Innovation

• NoSbEra (antimony-free solar glass)

Awards & Recognition

• EY Entrepreneur of the Year 2022 award

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Governance Practices

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• sustainable procurement practices

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• hygienic glass products replacing plastic