Climate Change Data

Environmental Metrics

Environmental Achievements

• Various measures taken to Recycle Reuse and Reduce hot/cold water used in the process. Installation of hot and cold water flow meters at different stations to optimize the water consumption and reduction of bore-well water.
• Company’s effluent treatment plants were periodically inspected by State and Central Pollution Control Boards and other agencies.

Social Achievements

• Launched its range of Trust Hand Sanitizers to help the nation, especially its rural districts, to combat the COVID – 19 Pandemic.
• The Company has been accepting its social responsibility obligations and encouraging cleaner surroundings, improving village level infrastructure, unclogged drains and spreading the awareness and providing necessary training and learning process for the value of good hygiene and sanitation.

Governance Achievements

• The Company has established and implemented internal financial controls based on the formal system of internal financial controls under the Companies Act, 2013 read with relevant Indian Accounting Standards (AS).

Climate Goals & Targets

Environmental Challenges

• The Uttar Pradesh based sugar companies have been facing financial difficulties on account of higher sugar cane prices, lower realization of sugar and high finance cost.
• The spread of Coronavirus diseases (Covid-19) pandemic and nationwide lockdown has caused disruption of supply chain across businesses and industries in India.
• The Covid-19 crisis has adversely impacted domestic demand of sugar and of ethanol during complete lockdown periods.
• Delay in financial restructuring pending over past three years resulting in financial limitations
• Highly leveraged with high finance costs
• Cyclical nature of the industry, which is subject to climate and economic cycles
• Low capacity utilisation in distillation segments
• Lack of parity between cost of production and sale values of sugar resulting in un-paid sugarcane price position
• Existing and anticipated litigation arising out of weak financial position of the Company

Mitigation Strategies

• Various initiatives have been taken including business and financial restructuring of the businesses and steps being taken by the State and Central Governments to give support to the sugar industry.
• The Company has submitted a comprehensive debt resolution proposal with all the commercial banks and realignment of dues with other lenders, commensuration with its future cash flows.
• The Company is implementing a number of measures for its business viability
• The Company has introduced e-commerce functionality on a wide range of its products through its Direct-to-consumer e-commerce website

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 9001, ISO 14001 and FSSC 22000

Third-party Assurance: M/s Mittal Gupta & Co, Chartered Accountants, Kanpur

Sustainable Products & Innovation

• Trust Hand Sanitizers

Awards & Recognition

• Ms. Mann has received industry excellence award for best working at 75thAnnual Convention and Sugar Expo 2017 organized by Sugar Technologists’ Association of India (STAI).