Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Environmental Responsibility
• Social Commitment
• Governance

Environmental Achievements

• Zero Discharge of Hazardous Chemicals (ZDHC) Level-3 certification at Silvassa and Dahej plants
• Installed 50 KW solar panel at Silvassa plant, generating 36,217 KWH power
• Implemented Multi Effective Evaporator (MEE) for evaporating effluent water, reducing fuel consumption
• Planted approximately 2250 trees

Social Achievements

• Launched Dr. Nanoxa, a nanotechnology-based antimicrobial surface disinfectant, with a commitment to coat toilets in Dharavi slum for every litre sold
• Conducted various employee training programs (240+ person-hours)
• Sponsored COVID-19 vaccination for employees
• Undertook CSR initiatives contributing ` 26.62 million

Governance Achievements

• Strengthened senior management team with appointments of CEO, Group CFO, and CIO
• Adopted a robust governance framework aligned with best practices and regulatory requirements
• Conducted annual performance evaluation of the Board, Committees, and individual Directors

Climate Goals & Targets

Environmental Challenges

• Volatile feedstock prices and challenging inflationary macro-environment
• Raw material and logistics challenges impacting margins
• Supply chain disruptions due to the COVID-19 pandemic and geopolitical issues

Mitigation Strategies

• Implemented a sound raw material procurement strategy with over 90% of raw materials sourced domestically
• Developed alternative sourcing strategies and the option to use alternative raw materials
• Made arrangements with customers to pass on suitable price changes
• Strategic acquisitions to enhance capacities and capabilities

Supply Chain Management

Responsible Procurement

• Over 90% of raw materials sourced domestically
• Emphasis on sourcing from certified and socially responsible sources

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: International Integrated Reporting Framework (IIRC), Global Reporting Initiative (GRI Standards)

Certifications: ZDHC Level-3

Sustainable Products & Innovation

• Green Acid
• Green Soda
• Green Hydro
• Green Boost
• Dr. Nanoxa

Awards & Recognition

• Golden Peacock Award for Business Excellence – 2021

Environmental Metrics

ESG Focus Areas

• Green Chemistry
• Economic Performance
• Ethics, Integrity and Governance
• Water Stewardship
• Climate Change
• Product Safety and Compliances
• Development of Human Capital
• Community Development

Environmental Achievements

• 27,768 Kilo Litres Of less water consumed in 2022-23 than 2021-22
• 0.75% Total energy savings in 2022-23
• 305 Mt Waste recycled in 2022-23
• 50 KWP Total installed solar capacity around the manufacturing plants
• 1,700 Trees planted around the manufacturing facilities to maintain ecological balance
• Zero Discharge of Hazardous Chemicals (ZDHC – level 3) in both the Facilities

Social Achievements

• Contributed towards CSR Activities: ₹33.01 million
• Lives Benefitted through CSR Activities: 10,000+
• Maintained High Customer Satisfaction
• 12.4% female workforce

Governance Achievements

• Strong governance and strategic direction provided by our Board of Directors
• Implementation of the latest version of SAP 4.7 HANA

Climate Goals & Targets

Environmental Challenges

• Slowdown in the overall Textile industry, due to the subdued demand, impacted the growth of our Textile Specialty Chemicals division
• Raw material and supply chain disruptions impacted the Company’s margins to some extent
• Temporary headwinds that slightly affected our exports to Europe and Russia
• Rise in Competition
• Fluctuations in Price
• Technological Advancement
• Supply Chain Risk
• Environmental Regulations and Increased Awareness on Environmental Preservation

Mitigation Strategies

• Continuous market share gains and a broad client base are required to improve profitability
• Medium- to long-term measures to continuously adjust procurement and manufacturing operations, optimise them for changing currency exchange rate trends, and balance imports and exports in each currency
• Diversifying suppliers and geographically dispersing sourcing, as well as creating commonalities and standardisation
• Every possible measure to prevent environmental pollution from its business activities, not only through compliance with regulations, but also through the establishment of stricter voluntary standards

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: International Integrated Reporting Council (IIRC)

Certifications: ISO 9001:2000, ISO 14001:2004, ZDHC Level 3

Sustainable Products & Innovation

• Greensil Liquid
• Green Urea
• Detpro 2041 LD Liquid
• Detpro FSB Liquid

Awards & Recognition

• Frost and Sullivan Award
• Golden Peacock Innovative Product/Service
• Jamnalal Bajaj Award for Fair Business Practices
• SME 100 Award
• Best Vendor Award
• Economic Times Award for Innovation and Sustainability
• UAA Distinguished Alumnus Technology Day Award
• All India Industrialist of the Year 2021 award
• 2022 Hurun India – Industry Achievement Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Green Chemistry
• Health and Safety
• Development of Human Capital
• Evolving Regulatory Landscape
• Ethics, Integrity and Governance
• Information/Cybersecurity
• Brand Reputation

Environmental Achievements

• Reduced water consumption by 12,142.5 KL in 2023-24
• Installed 600 kWp solar rooftop at Dahej, reducing CO2 emissions by 1,478,400 kg annually
• Planted 1,500 trees in 2023-24
• Zero liquid discharge facility
• Zero discharge of hazardous chemicals (Z DHC – level 3) in both Rossari facilities
• 534.69 GJ Energy Consumed through Renewable Sources

Social Achievements

• 7,500+ lives impacted through CSR activities
• Maintained high customer satisfaction
• 100% employees trained related to safety measures
• Zero fatality
• Zero gender ratio

Governance Achievements

• Implemented robust cybersecurity measures
• Established a well-governed compliance framework and controls
• Fostering a culture of integrity and transparency through ethical conduct, training, awareness, and effective governance structures
• Implemented a whistle-blower policy

Climate Goals & Targets

Environmental Challenges

• Fluctuations in raw material prices
• Disruptions in supply chains due to geopolitical conflicts
• Pressure on margins due to formulation and innovation
• Recessionary trend in Europe impacting sales
• Slowdown in demand in AHN division
• Heightened competition in the global business landscape
• Dependence on a concentrated customer base
• Supply chain risks
• Compliance requirements

Mitigation Strategies

• Stabilisation of raw material prices in Q3 and Q4
• Diversification of product portfolio and expansion into new markets
• Backward integration into silicon oils
• Establishing new international sales offices with a focus on exports
• Strengthening presence in Bangladesh, Turkey, and South America
• Strengthening sales network, delivering competitive products and services, and implementing cost-cutting measures
• Diversifying customer base
• Diversifying suppliers, dispersing sourcing geographically, and implementing commonalities and standardisation practices
• Maintaining a robust compliance framework, conducting regular audits, and providing ongoing training to employees

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: International Integrated Reporting Council (IIRC)

Certifications: ISO 14001

Sustainable Products & Innovation

• Biosurfactants
• Renwa Series of products