Climate Change Data

Greenlam Industries Limited

Climate Impact & Sustainability Data (2021-04 to 2022-03, 2022-2023)

Reporting Period: 2021-04 to 2022-03

Environmental Metrics

Water Consumption:21,700 KL saved in FY 2021-22; 13.00 liters per unit of product in FY 2021-22

ESG Focus Areas

  • Health, safety, and environment
  • Community engagement
  • Sustainable resource management
  • Governance

Environmental Achievements

  • Reduced groundwater consumption per unit of product by 3.7%
  • Saved more than 21,000 cubic meters of water through water recycling programs
  • Reduced wood consumption in laminate manufacturing
  • Used recycled and bagasse-based paper

Social Achievements

  • Allocated ₹1.96 crore for CSR activities
  • Engaged in community development projects focusing on education, healthcare, gender equality, and environmental sustainability
  • Strengthened employee engagement through various initiatives
  • Maintained an attractive employee retention rate

Governance Achievements

  • Complied with all applicable statutory and regulatory requirements
  • Established a robust risk management policy
  • Implemented a whistleblower policy
  • Conducted regular board meetings and independent director meetings

Climate Goals & Targets

Long-term Goals:
  • Become India’s leading wood panel player
  • Graduate from standalone surfacing products provider to an integrated (surface and substrate) solution provider
Medium-term Goals:
  • Achieve zero fire incidents and 50% reduction in minor injury incidents
Short-term Goals:
  • Reduce water consumption by 3%

Environmental Challenges

  • Supply chain disruptions due to the pandemic and raw material shortages
  • Increased raw material and freight costs
  • Temporary factory closure due to air pollution issues
  • COVID-19 pandemic impacting operations and consumer confidence
Mitigation Strategies
  • Built adequate raw material inventory
  • Switched to alternative sourcing strategies
  • Improved trade terms and working capital management
  • Implemented cost-saving measures
  • Strengthened digital communication and distribution network
  • Implemented COVID-19 safety protocols

Supply Chain Management

Responsible Procurement
  • Broad-based raw material sourcing
  • Timely supplier payments
  • Strong supplier relationships

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: NGRBCs

Certifications: FSC, PEFC, ISO 14001, ISO 45001, ISO 9001, CE, UL, NSF, SEFA, Green Label, Greenguard, NEMA, SEDEX

UN Sustainable Development Goals

  • SDG 3 (Good Health and Well-being)
  • SDG 4 (Quality Education)
  • SDG 6 (Clean Water and Sanitation)
  • SDG 10 (Reduced Inequalities)
  • SDG 13 (Climate Action)

CSR initiatives contribute to these goals

Sustainable Products & Innovation

  • AFX laminate (anti-fingerprint)
  • Satin finish laminate
  • Zero-gloss laminate
  • Exterior cladding compacts
  • Kitchen worktops
  • Anti-bacterial and anti-viral products

Reporting Period: 2022-2023

Environmental Metrics

Water Consumption:18,650 KL/year

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced groundwater consumption per unit of product by 8.45%
  • Saved 18,650 KL of water
  • Increased biomass fuel consumption by 55%
  • Conserved 44 Tera joules of energy
  • Enhanced groundwater recharge capacity by 44,000 KL
  • Sourced 60% of inputs and raw materials regionally

Social Achievements

  • Improved maternal and child healthcare through awareness sessions and community activities
  • Improved learning outcomes of students through foundational skills building
  • Supported 94 farmers and village development committee members with water conservation awareness
  • Conducted employee engagement survey with 92% response rate and 78% engagement

Governance Achievements

  • Maintained AA- (stable) long-term credit rating from CARE Ratings Limited and ICRA Limited
  • Implemented a ‘Whistle Blower Policy’
  • Established employee engagement platforms

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Increased competitive intensity in the Indian laminates market
  • Increased raw material costs
  • Global armed conflicts affecting exports
  • Currency weakness affecting offtake in developing markets
  • Hesitant mood among European consumers to invest in interiors
Mitigation Strategies
  • Emphasized product quality and service to counter competition
  • Replaced imported kraft paper with an indigenous substitute
  • Leveraged competitive manufacturing within India
  • Capitalized on increased traction for Indian products
  • Sustained engagements with trade partners and consumers
  • Maximized sales of premium laminates
  • Extended laminates offerings into new segments
  • Upgraded IT infrastructure with SAP HANA, CRM, and DMS

Supply Chain Management

Responsible Procurement
  • Periodic due diligence for suppliers
  • Sourcing FSC certified raw materials

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, NGRBC, BRSR

Certifications: FSC, PEFC, ISO 14001, GRIHA, GREENPRO, REACH, OHSAS ISO 45001, ISO 9001, SEDEX, CE, UL, NSF, SEFA, Green label, Greenguard, NEMA

UN Sustainable Development Goals

  • Goal 3
  • Goal 4
  • Goal 6
  • Goal 10

CSR initiatives focused on education, healthcare, water management, and gender equality.

Sustainable Products & Innovation

  • Anti-virus, antibacterial, and anti-fungal products
  • Anti-fingerprint laminates

Awards & Recognition

  • Indian Social Impact Award for Women Healthcare Initiative of the Year – FY 2022-23