Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Carbon emissions reduced
• Water saved with recycling of treated water
• Installation of solar power panels and LEDs
• Installation of briquette-based boiler for steam generation
• Recycling nylon waste to convert into Caprolactam
• Conversion of green waste into manure

Social Achievements

• Vocational training, promotion of education and upgradation of school infrastructure: ₹117.52 Lacs
• Healthcare, medical facilities and drinking water: ₹32.67 Lacs
• Supporting disaster management: ₹18.86 Lacs
• Rural infrastructure development other than health, education and sustainable livelihood: ₹20.93 Lacs

Governance Achievements

• CRISIL A+/STABLE (REAFFIRMED) LONG-TERM RATING
• CRISIL A1+ (REAFFIRMED) SHORT-TERM RATING

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic impacting operations
• Dependency on imports of raw material with high price volatility and foreign currency fluctuations
• High energy costs
• Technology risk
• Accident risk

Mitigation Strategies

• Proactive management of Covid-19 (training, social distancing, WFH, sanitization, vaccination camps, rapid tests)
• Increasing supplier base to reduce cost and lead time
• Adjusting inventory levels
• Engaging with suppliers to reduce impact of raw material price volatility
• Dialogue with FACT to increase local procurement
• Hedging foreign currency exposures
• Exploring options including open access power purchase to reduce power cost
• Investing in renewable energy generation equipment
• Regular investments to conserve energy
• Regular investments in upgrading technology
• Dedicated safety team, regular audits, safety awareness programs and trainings

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced GHG emissions by 1,19,497.19 tonnes (Scopes 1 & 2) through energy conservation initiatives.
• Achieved zero effluent discharge at all plants.
• 32% energy contribution from renewable sources.
• 62.56% waste recycled.

Social Achievements

• Organized 111 training programs with 767 training hours.
• Reached 53,258 lives through CSR initiatives.
• Employee turnover rate of 7.9%
• Maintained a healthy and conducive work environment, resulting in zero man-days lost due to accidents.

Governance Achievements

• Prepared an ESG roadmap to meet sustainability commitments.
• Implemented a robust Risk Management Policy and mechanism.
• Established a Vigil Mechanism/Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Steep fall in raw material prices.
• Competition from the unorganized sector.
• Bad debt.
• Raw material availability.
• Foreign currency fluctuations.
• Under-utilization of NTCF capacity.
• Rising labor costs.
• Project delays.
• Environmental pollution.
• Energy costs.
• Fire and explosion risks.
• Unsafe working conditions.
• Technological risks.

Mitigation Strategies

• Moved to better pricing formulas.
• Efforts for Anti-Dumping Duty (ADD) on imports.
• Incentives for early payments.
• MOUs and long-term contracts with suppliers.
• Increased inventory levels.
• MOUs with major tyre companies.
• Negotiated for higher outsourcing.
• Strengthened project teams.
• Installed RO and MEE at Bharuch.
• Actively pursuing hybrid power projects.
• Upgraded fire-fighting infrastructure.
• Continuous training and increased supervision.
• Gradually upgrading technology.

Supply Chain Management

Supplier Audits: 100% of new suppliers screened based on environmental and health and safety parameters.

Responsible Procurement

• Supplier Code of Conduct
• ESG aspects incorporated in vendor registration protocols.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: International Integrated Reporting Framework (IIRC), Global Reporting Initiative (GRI) Standards: Core option, Business Responsibility and Sustainability Report (BRSR)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 50001:2018, ISO 45001:2018, OEKO-TEX Standard 100, Global Recycled Standard (GRS)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3 (Good Health and Well-being)
• Goal 4 (Quality Education)
• Goal 5 (Gender Equality)
• Goal 6 (Clean Water and Sanitation)
• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 10 (Reduced Inequalities)
• Goal 12 (Responsible Production and Consumption)
• Goal 13 (Climate Action)
• Goal 15 (Life on Land)

Various CSR initiatives and sustainable business practices contribute to these goals.

Sustainable Products & Innovation

• Green polymer chips from recycled nylon waste.
• Eco-friendly range of products from recycled yarn and polymer waste.

Awards & Recognition

• Apollo Tyres Gold Partner Award, 2021
• "Innovation in Responding to COVID"

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced emissions intensity by 11.8% compared to the previous reporting period.
• Total GHG emissions reduced by 13.27% compared to the previous reporting period.
• Reduced total water consumption by 10.33% compared to the previous reporting period.
• Achieved Zero L TIFR in the current reporting period.
• Energy consumption from renewable sources increased by 37.5% compared to the last reporting period.

Social Achievements

• Zero recordable injury and no loss time in manhours reported in this fiscal year.
• Implemented MITR (Making Individuals and Team Resilient) and MPOWER programs to improve employee mental health.

Governance Achievements

• Implemented systems, policies, and processes resulting in high levels of compliance with applicable laws and regulations.

Climate Goals & Targets

Environmental Challenges

• Ineffective management of Greenhouse Gas (GHG) emissions and energy consumption posing risks in terms of regulatory compliance, reputation, and financial burdens.
• Human error leading to accidents or injuries despite proper training and safety protocols.

Mitigation Strategies

• Robust mitigation plans and procedures for occupational health and safety risks.
• Well-defined training and awareness programs for employees to promote a culture of safety and improve mental health.
• Increasing adoption of renewable energy to reduce carbon footprint and energy efficiency.
• Regular investment in employee engagement initiatives.

Supply Chain Management

Supplier Audits: 15.62% (Bharuch), 14.58% (Pune)

Responsible Procurement

• Supplier Code of Conduct
• ESG criteria screening for new major suppliers starting FY 2024
• Checks on GST returns and deposit proofs of PF and ESI from contractors.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, UN SDGs

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, NABL-ISO/IEC 17025:2017, STANDARD 100 by OEKO-TEX

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Yarn production from recycled raw material
• Green polymer fabric
• Paper tube usage for colour yarn production

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Community Development
• Occupational Health & Safety
• Waste Management
• Water Management
• Energy Management
• Employee and Labour Management
• Customer Centricity
• Supply Chain Management
• Corporate Governance and Compliances
• Risk Management

Environmental Achievements

• 50% increase in share of renewable energy in total energy consumption (compared to the last reporting period)
• 12.7% reduction in emissions intensity (compared to the last reporting period)
• 6.32% reduction in water consumption (compared to the last reporting period)
• 80% total hazardous waste recycled
• Zero total wastewater discharge

Social Achievements

• Introduction of a talent management process
• CSR expenditure of 305 Lacs impacting ~21,539 beneficiaries
• 100% customer grievances resolved
• Average training hours of 16.16 for workers and 44.88 for employees

Governance Achievements

• 50% independent directors on the board
• 90% average attendance in board meetings
• Zero instances of data breach in the reporting year
• No fines/penalties related to anti-competitive practices

Climate Goals & Targets

Environmental Challenges

• Reduced margins and demand due to competition from Chinese markets
• Radialization of tires affecting demand for NTCF
• Lower demand for NFY, particularly in rural areas
• Global inflation impacting business
• Supply chain disruptions

Mitigation Strategies

• Building production capacities
• Diversification into Polyester Tyre Cord Fabric (PTCF)
• Adding more product categories in the NFY segment
• Investing in renewable energy (solar and wind)
• Transitioning to green packaging
• Implementing a talent management process to reduce employee turnover
• Spot purchases for raw materials
• Increased production of finer deniers of NFY
• Working with trade associations to improve quality
• Exporting value-added products
• Implementing an AI-based vision system and automated data capture system

Supply Chain Management

Supplier Audits: Bi-annual assessments of critical vendors; comprehensive audits every other year.

Responsible Procurement

• ESG criteria in vendor registration
• ISO certifications
• Action plan to address significant environmental impacts

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN SDGs, Integrated Reporting Framework

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 50001:2018, ISO 45001:2018, IATF-16949:2016, NABL (ISO/IEC – 17025:2017), GRS-V4.0, OEKO-TEX STANDARD 100

UN Sustainable Development Goals

• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 13
• 15

Initiatives contribute to these goals through various programs and practices.

Sustainable Products & Innovation

• Green polymer chips
• Recycled Nylon 6 chips

Awards & Recognition

• AEPS Safety Excellence Gold Award 2024
• FICCI Water Award 2023
• National Safety award – Certificate of Appreciation by National Safety Council
• Safety Excellence by Quality Circle Forum of India (Surat Chapter)