Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment integrity
• Sustainability

Environmental Achievements

• Reduced electricity and water use per ton of manufactured paper
• Increased water recycling through the installation of a reverse osmosis system
• Installation of a 15 MW cogeneration plant coupled with the necessary effluent treatment plant for the new packaging board plant
• Installation of a waste-to-energy high-pressure boiler (220 TPD) with a 7 MW turbine
• Upgrading of existing turbine from 15 MW to 18 MW
• Installation of a sludge drying plant
• Installation of a biomass effluent treatment plant

Social Achievements

• Continuous effort to improve the working environment with focus on employee well-being and capability building
• Robust leadership development efforts to hone employee skills
• Significant increase in investment in its employees with training and development

Governance Achievements

• Strong legacy of fair, transparent and ethical governance practices
• Adherence to the highest ethical principles in all its dealings

Climate Goals & Targets

Environmental Challenges

• Pandemic-induced slowdown
• Muted realisations due to increased input costs
• Under-performance of writing & printing paper segment due to shutdown of educational establishments
• Rising inflationary pressures, rising commodity prices, supply chain disruptions, and a surge in fuel prices
• Digitization threatening paper consumption

Mitigation Strategies

• Funding growth through accruals
• Exiting the newsprint business
• Moderating debt
• Initiating kaizens to strengthen operational performance
• Re-sizing and re-navigating the business
• Divesting one writing & printing machine
• Investing in a new packaging board capacity
• Investing in cutting-edge technology for higher material efficiency and lower production cost
• Funding new unit with internal accruals
• Effective input cost management

Supply Chain Management

Responsible Procurement

• Responsible sourcing

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: GMJ & Co., Chartered Accountants

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Minimized utilization of scarce resources by enhancing operational efficiency, resulting in decreased electricity and water consumption per ton of paper produced. Enhanced water recycling by installing a reverse osmosis system.
• Designed new packaging board plant to address demanding standards related to pollution minimization.

Social Achievements

• CSR intervention in healthcare and education, installing RO systems, constructing borewells, providing safe drinking water, and contributing to the Swachh Bharat Abhiyan.

Governance Achievements

• Appointed experienced Directors on the Board with 50% being Independent.
• Implemented a whistleblower mechanism.
• Addressed investor complaints in a timely manner.
• Encouraged real-time internal audits and submitted quarterly audit reports.

Climate Goals & Targets

Environmental Challenges

• Economic downturns leading to decreased consumer spending.
• Increasing digitalization leading to a decline in paper usage.
• Shortage of raw materials.
• High input costs impacting profitability.

Mitigation Strategies

• Focus on India's projected GDP growth for market opportunities.
• Offering a wide range of high-quality, customizable products for e-commerce.
• Relying on local waste paper as raw material.
• Prompt debt repayment and effective input cost management.

Supply Chain Management

Climate-Related Risks & Opportunities