Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Spent more than 15 crores on environment conservation activities in FY22
• Commissioning of 2.7 MW Solar Power Plant in FY21

Social Achievements

• Spent 157.73 lakhs on CSR activities in FY22
• Set up a 14 bed hospital with ICU and ambulance facilities at Anjar

Governance Achievements

• Established various Board Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Risk Management Committee

Climate Goals & Targets

Environmental Challenges

• International prices for edible oil came under pressure due to shortfall in global production, increase in export levies, and Indonesia’s ban on palm oil export.
• Rising raw material prices owing to global uncertainties.
• Shifting consumer preferences.

Mitigation Strategies

• Resilient and integrated business model
• Strategic plant location with proximity to port
• Investment in product mix with higher yields
• Efficient operations and widening market presence
• Agro-commodity futures and forward currency covers to manage price and currency risks
• Strategies for growth: Accelerate revenue growth, Enhance margins and profitability, Optimise costs, Widen our market presence

Supply Chain Management

Responsible Procurement

• Contracts address HSE, Ethics, and Human Rights

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NVG-SEE

Certifications: HACCP, ISO 22000:2018, ISO 9001:2015, ISO 45001:2018, HALAL, RSPO, GMP, B2K, KOSHER, FDA, FSSAI

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Considerably reduced air emissions & Scope 1 GHG emissions
• Implemented automatic thermometer cut-off system, solar panels and windmills to improve energy efficiency
• Implemented a comprehensive Environmental, Health, and Safety (EHS) management system
• Implemented a strategy that includes an automatic thermometer cut-off system, solar panels and windmills to mitigate energy management risks
• Implemented a robust mechanism to ensure the sustainable sourcing of agricultural seeds like soya, mustards and reached upto 90 % for sustainable sourcing.
• Installed solar plants with capacities of 750 kWp and 350 kWp at Krishnapatnam, with plans for further expansion
• Increased green cover through expanded plantation efforts to reduce greenhouse gas (GHG) emissions
• Harness renewable energy through solar panels and wind mills at Gandhidham
• Implemented green building practices and sensor lighting systems at corporate office to boost energy efficiency and reduce GHG emissions

Social Achievements

• Implemented thorough training programs for all employees and workers on safe working practices
• Extends health and accidental policies/ benefits to its workforce
• Established an Internal Complaints Committee to ensure workplace safety and provide protection against sexual harassment
• Implemented various protocols for recognizing hazards and evaluating risks on both regular and irregular occasions
• Regular ‘Safety talks’ are conducted with workers to communicate the available measures and guarantee adherence to all safety protocols
• Plant inspections and safety audits are carried out to pinpoint unsafe areas or practices
• Established a detailed procedure for reporting and investigating unsafe conditions, incidents and near misses
• Employees working with hazardous chemicals are provided with foolproof safety gear
• Safety team supervises their work, ensuring that no serious issues arise
• Workers/ employees have access to non-occupational medical and healthcare service

Governance Achievements

• Upholds a steadfast commitment to accountability to its stakeholders, actively advocating for fair, transparent and ethical corporate governance practices
• Emphasizes the importance of a robust and transparent governance framework to cultivate trust with stakeholders
• Policies cover each principle and its core elements of the NGRBCs and have been approved by the Board
• Operationalization and effectiveness of policies assessed by Dhir & Dhir Associates

Climate Goals & Targets

Environmental Challenges

• Greenhouse Gas Emissions
• Energy Management
• Workforce Health and Safety
• Water Management
• Food safety
• Environmental & Social Impacts of Ingredient Supply Chain

Mitigation Strategies

• Adopting innovative technologies that utilize alternative fuels and energy sources— such as biomass waste from their own processes—and by enhancing fuel efficiency
• Implemented a strategy that includes an automatic thermometer cut-off system, solar panels and windmills
• Adopted a comprehensive Environmental, Health, and Safety (EHS) management system
• Implemented a strategy to manage effluent at the site, water from various sources, including GWIL and bore wells, undergoes a comprehensive treatment process
• Ensuring the highest standards of food safety and quality through rigorous processes
• Integrating the concept of circularity throughout its supply chain and product lifecycle

Supply Chain Management

Responsible Procurement

• Sustainable sourcing of agricultural seeds

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UNSDGs, IFRS - SASB

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, FSSC 22000, GMP+FSA, RSPO, Kosher, HALAL, Sedex SMETA, TFS, EcoVadis

Third-party Assurance: Not Applicable

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 16
• Goal 17

The report details how various initiatives contribute to these goals.

Awards & Recognition

• Globoil India Legend Award for 2023