Climate Change Data

Kriti Nutrients Limited

Climate Impact & Sustainability Data (2021-22, 2022-23, 2023-24)

Reporting Period: 2021-22

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Achieved zero waste to landfill and zero effluent discharge targets while moderating water consumption intensity
  • Reduced fuel consumption (coal) by 107.26 Kg per Ton of seed and crude consumed in FY22 from 99.35 Kg in FY20

Social Achievements

  • Fostered a culture of overarching excellence that has led the Company towards sectorial outperformance
  • Deepened relationships with vendors and primary customers
  • Engaged with communities around its manufacturing location

Governance Achievements

  • Strengthened its environment-social-governance framework
  • Strengthened an audit-driven and compliance-driven approach, enhancing process predictability
  • Maintained a debt-free balance sheet

Climate Goals & Targets

Medium-term Goals:
  • Graduate from an edible oils brand into a broadbased foods organisation
Short-term Goals:
  • Enhance monthly sales throughput to 6000 tonnes across the next two years

Environmental Challenges

  • Unprecedented increase in soyabean prices within a compressed time frame, making it difficult to pass the cost increase to consumers
  • Resource cost volatility
  • Supply chain disruptions
Mitigation Strategies
  • Culture of austerity
  • Existing buffers in the form of the non-commodity business
  • Prudent hedging of raw materials, currencies and timely offtake of by-products
  • Customer engagement activities

Supply Chain Management

Responsible Procurement
  • Procured 50 per cent of its resource requirements from within 200 kms

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UNGC

Certifications: ISO 22000:2018, Non-GMO (version 5), ISO 9000:2015, RTRS, HALAL, KOSHER, GMP+, SEDEX

Sustainable Products & Innovation

  • Soya textured vegetable protein

Awards & Recognition

  • 'Commitment to Food Safety' award

Reporting Period: 2022-23

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Installed back filters to control boiler emissions
  • Achieved zero liquid discharge
  • Increased greenery at the plant
  • Moderated groundwater withdrawal
  • Initiated installation of a sewage treatment plant
  • Implemented reused and recycled water processes for gardening
  • Installed variable frequency drives to enhance energy efficiency
  • Installed flowmeters in the steam line to enhance steam consumption transparency

Social Achievements

  • Prioritised employee health with health checks, insurance, and canteen facilities
  • Enhanced employee safety through proactive safeguards, training, and mock drills
  • FSSC 22000 certification in manufacturing units
  • CSR interventions focused on social responsibility and environmental protection

Governance Achievements

  • Appointed experienced Directors on the Board with 50% being Independent
  • Implemented a whistleblower mechanism
  • Addressed investor complaints promptly
  • Encouraged real-time internal audits and submitted quarterly reports
  • Framed policies stipulated by the Companies Act and SEBI Listing Regulations

Climate Goals & Targets

Short-term Goals:
  • 5% reduction of water, power, and coal consumption per tonne of output

Environmental Challenges

  • Raw material price volatility
  • Decline in edible oil prices impacting market share
Mitigation Strategies
  • Facilitated periodic oil purchases considering plant production and consumer requirements
  • Maintained competitive pricing to retain market share
  • Offered smaller pack sizes to retain customers during price declines

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Soya nuggets

Reporting Period: 2023-24

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • 35% reduction in water consumption by reusing reverse osmosis reject water
  • Installed a sewage treatment plant
  • Replaced diesel forklifts with battery-operated ones
  • Planted 500 trees

Social Achievements

  • 91% employee retention
  • 100% senior management retention
  • H0.33 Crore of CSR spending
  • 26 new talents hired

Governance Achievements

  • Strengthened Board composition with professionals of standing
  • Instituted responsible checks and balances
  • Created a meritocracy
  • Attracted young managers of both genders

Climate Goals & Targets

Long-term Goals:
  • 10-20% revenue growth in FY 2024-25
Medium-term Goals:
  • Deepen Rajasthan and Madhya Pradesh presence and develop new oil variants
  • Graduate positioning from edible oil company to consumer foods company
Short-term Goals:
  • Increase the volume of protein products by 50% in FY 2024-25

Environmental Challenges

  • Challenges in consumer packs from local and national players
  • The typical beany flavor and meaty texture of soy products not appreciated by customers
  • Edible oil market price correction of 30-35%
Mitigation Strategies
  • Launched a 956 ml pack
  • Modifying process parameters to change the texture and flavor of soy products
  • Launched new products for institutional customers

Supply Chain Management

Responsible Procurement
  • Focus on long-term partnerships with vendors
  • Emphasis on ethical sourcing

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Soy protein-based ready-to-eat snacks

Awards & Recognition

  • Arya Chanakya (MP) Award for Corporate Governance and Corporate Social Responsibility
  • Plastindia Foundation Award