Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 3.78 MWP rooftop capacity, 1.26 MWP solar power plant for captive consumption and 30 MW solar power plant located at Maharashtra.
• Zero liquid discharge to the environment
• Water Intake curtailed by 30% as per directive of NGT by reuse/recycle of treated effluent

Social Achievements

• Massive expansion project of educational institutes and promotion of education for the underprivileged and intellectually challenged children in Mumbai (Maharashtra).
• Conducted a rural development program named Ekal Abhiyan
• Extensive healthcare initiative programs in Aurangabad and Nashik
• ‘Education for Vatsalya Gram community’ carried out in Patparganj, Delhi for promoting education

Governance Achievements

• Implemented a Code of Conduct for adherence by the Directors, Senior Management Personnel and Employees of the Company.
• Established a ‘Whistle Blower Policy’ to facilitate employees to report concerns of any unethical behaviour, actual or suspected fraud or violation of the Company’s code of conduct or ethics policy.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic causing supply chain disruptions and business disruptions.
• Economic slowdown impacting margin growth, revenues, and production.
• Stringent environmental regulations increasing the cost of operations.
• Increased prices of raw materials, energy cost and supply chain issues.

Mitigation Strategies

• Utilized cash flow reserves and remained debt-free.
• Global expansion to diversify markets.
• Investment in sustainable technologies and environmental friendliness.
• Long-term contracts with suppliers and backward integration.

Supply Chain Management

Responsible Procurement

• Procurement of good and services from local sources

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Sulphuric Acid
• Dye Intermediates
• Generation of Solar Power

Environmental Metrics

ESG Focus Areas

• Environmental impacts
• Resource use
• Supply chain traceability
• Product quality and consistency
• Business Strategy
• Human Rights
• Health and Safety

Environmental Achievements

• Reduced carbon emissions significantly by measures such as increased use of renewable energy, energy-efficient improvements, and the optimization of our production processes.
• Installed a Sulphuric Acid Plant with CO-GEN Technology, featuring a 1 MW steam-operated Turbine with back pressure steam. This turbine efficiently generates electricity for the existing Dye Intermediates Plant, resulting in the discontinuation of the coal-fired boiler, reducing emissions and promoting eco-friendliness.
• Set up a 4 MWp Ground Mounted Solar Plant in Kombhalne. This solar plant caters to the captive consumption needs of the existing Dye Intermediates Plant, significantly reducing electricity consumption and contributing to the conservation of energy resources.

Social Achievements

• Introduced several initiatives aimed at promoting resource efficiency, reducing waste and emissions, and ensuring compliance with ESG regulations and standards.
• Implemented a comprehensive Zero Liquid Discharge (ZLD) mechanism.

Governance Achievements

• Established a grievance resolution system for employees and workers.
• Implemented a Whistleblower Policy.

Climate Goals & Targets

Environmental Challenges

• Reducing carbon footprint
• Many dyes and dye intermediates use toxic raw materials and generate hazardous waste.
• Supply chain risks associated with suppliers who do not meet emission reduction targets
• Increased costs associated with transitioning to low-emission technologies and processes
• Dyes and dye intermediates require significant amounts of water, energy, and raw materials.
• With complex global supply chains, tracing sources of raw materials and ensuring responsible and ethical sourcing is challenging but increasingly important.
• Meeting customer specifications for colour, fastness, strength, and uniformity is essential for dyes and pigments.

Mitigation Strategies

• Adopt sustainable production Practices
• Optimise resource utilisation
• Implement cleaner technologies
• Manage waste and emission effectively
• Encourage Eco -friendly innovations
• Enhance enviormental monitoring and reporting
• Invest in renewable energy sources
• Adopt resources-efficent processes
• Investment in energy-efficient technologies
• Conduct life -cycle assessments
• Engage employees in resource conservation
• Explore Circular economy initiatives
• Implement traceability systems
• Require suppliers to disclose sources
• Regularly audit suppliers
• Collaborate with ethical suppliers
• Control measures equipment assurance processes testing mechanisms

Supply Chain Management

Responsible Procurement

• The Company prioritizes strong supplier relationships and upholds high standards of business integrity, health, safety, human rights, and environmental protection.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGBRC

Certifications: ISO 45001-2018, ISO 14001-2015, ISO 9001-2015