Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Responsible Care
• Environmental Stewardship
• Community Development
• Employee Well-being
• Ethical Operations
• Good Governance

Environmental Achievements

• 21.5% energy generated from renewable sources (wind and solar)
• Implemented control measures to address climate change, pollution management, and emission control
• Installed wind turbines to reduce dependence on non-renewable energy sources
• Implemented water-saving measures
• Wastewater treated before discharge
• 1,07,525 sq mt of land utilized for plantation

Social Achievements

• Various CSR initiatives aimed at improving health, education, social infrastructure, and women’s empowerment in rural areas
• Organised employee engagement activities (cricket tournaments, women’s day celebrations, blood donation camps)
• Provided facilities to enhance employee well-being (health insurance, transportation, accidental insurance, canteen services, education assistance, loan facilities)
• 95.89% of employees trained
• Product safety and handling awareness programmes for farmers (over 3000 farmers reached in FY22-23)

Governance Achievements

• Established a self-regulatory mechanism to protect the interests of all stakeholders
• Adopted a Code of Conduct
• Implemented a robust compliance and risk management framework
• Implemented a Whistleblower Policy
• Board of Directors comprises individuals with diverse backgrounds and experiences

Climate Goals & Targets

Environmental Challenges

• Impact of macroeconomic factors (geopolitical concerns, inflationary pressure, rising raw material prices, contraction in demand)
• High-cost inventory due to oversupply situations
• Contraction in the growth of the pigment industry (muted export demand and contracted prices)
• Unfavorable weather conditions
• Exchange and interest rate fluctuations
• Volatile raw material prices
• Changes in government policies
• Fire incidents at Dahej and Panoli plants

Mitigation Strategies

• Focus on improving margins across all business segments
• Strategic expansion into Titanium Dioxide (TiO2) through acquisition of Kilburn Chemicals Limited
• Backward and forward integration
• Prudent procurement
• Robust forex management policy (hedging against currency volatility)
• Diversified business approach (broad geographic presence)
• Adequate insurance coverage for asset losses

Supply Chain Management

Supplier Audits: 25% (for domestic value chain partners)

Responsible Procurement

• Code of conduct for owners of service providers or onsite contractors

Climate-Related Risks & Opportunities

Awards & Recognition

• PMFAI-SML Annual Agchem Awards (Successful Company of the Era-Runner Up-2023)
• Life Time Achievement Award-2023 (Mr. Natwarlal Patel)
• Emerging Leader of the Year-2023 (Mr. Ankit Patel)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Management
• Water and Wastewater Management
• Waste and Hazardous chemicals handling
• Occupational health and safety
• Community Relation and Engagement
• Employee Well-being
• Human Rights and Labour Management
• Corporate Governance
• Sustainable Supply chain
• Compliance and Business Ethics

Environmental Achievements

• Generated 33% of electricity from renewable sources
• Increased recycled bromide use in production to 45%
• Reduced carbon emissions by 21,396 tCO2e

Social Achievements

• Surpassed target for employee participation in satisfaction survey, reaching 80% coverage
• Conducted 300+ training sessions on safe pesticide handling, reaching over 10,000 individuals

Governance Achievements

• Achieved committed badge recognition from EcoVadis

Climate Goals & Targets

Environmental Challenges

• Climate change and GHG emissions
• Energy Management
• Water and Wastewater Management
• Waste and Hazardous chemicals handling
• Occupational health and safety
• Employee Well-being
• Human Rights and Labour Management
• Corporate Governance
• Sustainable Supply chain
• Compliance and Business Ethics

Mitigation Strategies

• Installed vent condensers, tail condensers, and jacketed receivers to reduce solvent losses
• Transitioning to energy-efficient operations and clean energy inclusion
• Installed redesigned steam traps, optimised pressure requirements in steam tracing tubing
• Reduced dependency on non-renewable energy by substituting to renewable sources
• Minimised water consumption through water-efficient technologies and recycling recovered water
• Improved disposal systems by shifting process waste from incineration to co-processing, Recycling of Acid generated during manufacturing, and recycling product drums
• Adopted IMS and RC systems to improve occupational health and safety
• Comprehensive benefits package for employees
• Ongoing training and development programs for employees
• Comprehensive HR policies, code of conduct and whistle-blower policies to protect human rights
• Promote an ethics-driven culture of accountability and integrate sustainability into decision-making

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement

• Sustainable procurement policy and supplier code of conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 14001, ISO 45001, ISO 9001, Responsible Care, GLP certification

Third-party Assurance: Not Assured