Climate Change Data

Environmental Metrics

ESG Focus Areas

• Water consumption
• CO2 emissions
• Innovation
• Workforce diversity
• Governance

Environmental Achievements

• Successfully started treating all water waste at Sachin facility and re-using it.
• Zero Liquid Discharge based effluent plant at Sachin Facility
• State of art effluent treatment plant with zero liquid discharge solutions at Jhagadia Facility
• Successfully developed and commercialized two products using continuous flow technology, reducing solvent usage and releasing excess capacity.

Social Achievements

• Spent Rs. 9.3 Million on CSR activities in FY22, focusing on education, skill development, healthcare, and community development.
• Sachin Facility is SA 8000:2014 certified.
• Occupational health and safety management system at Sachin Facility is ISO 45001:2018 certified.

Governance Achievements

• Successfully completed IPO with overwhelming stakeholder support.
• Established a comprehensive Cloud-based Compliance Management System (Complinity).

Climate Goals & Targets

Environmental Challenges

• Higher raw material costs and inability to fully pass on increased costs to customers.
• Regulatory challenges impacting performance.
• Stringent environmental, health, and safety (EHS) laws and regulations.
• Customer demand fluctuations affecting revenue.
• Global supply chain disruptions.
• Currency risk due to global operations.

Mitigation Strategies

• Selecting and approving multiple vendors for raw materials; placing purchase orders regularly instead of long-term contracts.
• Investing in R&D to develop cost-effective production procedures and adapt to rapid industry changes.
• Complying with cGMP guidelines and international regulatory standards.
• Investing in machinery and equipment to manage effluent discharge and comply with environmental regulations.
• Developing long-standing customer relationships and using customer order volume projections to anticipate production volumes.
• Hedging foreign exchange risk with derivatives and purchasing goods in respective currencies.

Supply Chain Management

Supplier Audits: Periodic vendor audits, especially for key material suppliers.

Responsible Procurement

• Sustainable procurement practices; sourcing from multiple vendors; standard operating procedures for vendor approval.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NVGs

Certifications: ISO 9001, ISO 14001, ISO 45001, SA 8000:2014

UN Sustainable Development Goals

• SDG 4
• SDG 6
• SDG 7
• SDG 8
• SDG 9
• SDG 12

Company's sustainability initiatives align with these SDGs.

Sustainable Products & Innovation

• Methyl Salicylate
• Methyl Paraben Sodium
• Propyl Paraben Sodium
• Para Cyno Phenol

Awards & Recognition

• FIST Award 2021 for Safe and Secure Manufacturing Facility
• FGI Award for Outstanding Business Leader

Environmental Metrics

ESG Focus Areas

• Energy management
• Waste management
• Water management
• Biodiversity conversation
• Occupational Health and Safety
• Anti-corruption and ethics
• Information security and cyber security
• Sustainable product design and innovation
• Health & safety
• Transparency
• Waste
• Emissions
• Water and Effluent Management
• Local Community Engagement

Environmental Achievements

• Achieved Gold Medal accreditation by EcoVadis
• 16 MW solar power plant installation in progress
• 86.14% total waste recycled from Sachin Unit
• Zero Liquid Discharge (Sachin Unit)
• 17% Reduction in Water consumption intensity
• Successfully implemented initiatives aimed at minimizing plastic waste

Social Achievements

• Expanded training and development programs
• New initiatives aimed at enhancing local employment opportunities and supporting community-driven projects
• SA 8000 certification for social accountability

Governance Achievements

• 50% Independent Directors on the Board, including two women Independent Directors
• Implemented Information and Security Management System, ISMS 27001-2022

Climate Goals & Targets

Environmental Challenges

• Strict regulations and high-quality standards in Advanced Pharmaceutical Intermediates
• Accurate market demand estimation
• Stringent environmental, health, and safety (EHS) laws
• Successful relationships with customers and suppliers
• Unscheduled disruptions in manufacturing operations
• Geopolitical risks impacting supply chains
• Operational risks (equipment breakdown, labor disputes, environmental challenges)
• Raw material risks (availability and cost)
• Demand fluctuations impacting growth and strategy
• Changes in consumer demand impacting product development
• Industry competition
• Customer concentration impacting sales
• Technology upgrades, product development, and employee retention
• Foreign exchange rate risks
• Environmental regulations compliance

Mitigation Strategies

• International operations diversification
• Product diversification across industries and geographies
• Standard operating procedures, competent employees and management, independent quality assurance, well-maintained equipment
• Multiple vendors for raw material supply, avoiding long-term contracts
• Diversified product basket
• Regulatory approvals for products
• Product differentiation, cost reduction through innovation and productivity
• Strong customer relationships, production volume and income forecasting
• Technological and scientific advancements, resource allocation for R&D
• Purchasing in relevant currencies, using foreign exchange forward contracts
• Zero Liquid Discharge based effluent plant, RO plant, soil biological treatment system, ISO certifications

Supply Chain Management

Responsible Procurement

• Sustainable Procurement Policy
• Supplier Code of Conduct (COC)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, EcoVadis

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, SA 8000:2014, ISMS 27001:2022, GMP

Awards & Recognition

• EcoVadis Gold Medal
• Outstanding Business Leader-Male
• Outstanding work in Research and Development
• ISO 27001:2022