Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment, Health & Safety
• Education
• Corporate Social Responsibility
• Governance

Environmental Achievements

• Planted 100+ trees during the year.
• Waste water is treated with waste water recovery plant and reused at the factory.

Social Achievements

• COVID-19 Vaccination Drive for employees and their families.
• Blood Donation Drive in collaboration with Indus Hospital.
• Employee Appreciation Day
• 1st ASML Super League Cricket Tournament
• 600 training hours invested in employees
• Road Safety awareness session for employees

Governance Achievements

• Compliance with the Code of Corporate Governance prescribed for listed companies.
• Implementation of IT Governance Framework and Policy.
• Whistle Blowing Policy in place (no incidents reported).

Climate Goals & Targets

Environmental Challenges

• Fire accident at CRSM in January 2020.
• International and local price fluctuations of HRC (main raw material).
• Inventory pile-up risk due to price decline and slow lifting of end-users.
• Dumping risk from CRC/GI imports.
• Risk of injuries during machinery operations.

Mitigation Strategies

• CRSM recovery in progress (skin pass operations restored).
• Market-based pricing policy.
• Representations to customs authorities to curb dumping.
• Production capacity enhancement.
• Competitive currency.
• Optimizing order quantities based on market demand.
• Monitoring international market trends.
• State-of-the-art plant & machinery.
• Hiring quality operators.
• Implementation of safety designs, controls, and protocols.
• Regular maintenance and staff training.
• Sales made against advances (95%+).

Supply Chain Management

Responsible Procurement

• Diversification of HRC sources from eight different countries.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS, IFAS