Lanka Tiles PLC
Climate Impact & Sustainability Data (2020-04 to 2021-03, 2024)
Reporting Period: 2020-04 to 2021-03
Environmental Metrics
Total Carbon Emissions:30,555 MT
Total Energy Consumption:18,161,423 KWH (Electricity), 8,780,001 Kg (LPG), 342,954 Litres (Diesel)
Water Consumption:22,438,809 Litres
Waste Generated:11,138 MT
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Energy savings of 550 KVA
- Reduction in carbon footprint with the implementation of waste heat recovery project
- Reduction in water consumption of 5,511,191 Litres
- 2 Mn Litres of water recycled during the year
Social Achievements
- Opened 4 new factory outlets
- Opened 1 new showroom
- CSR spend of Rs. 8,650,000
- 178 new recruits
- 364 training hours
- Rs. 7.89 Mn spent on ensuring employee health and safety
- Rs. 3.14 Mn investment in training
- Financial support extended during difficult times to franchisees and distributors
- Training programs for staff of franchisees and distributors
- Tiler club with a membership exceeding 3,500 tilers
- Premier club for architects with a membership over 120 architects
Governance Achievements
- Highest ever recorded profit of Rs. 2,451 Mn
- Improved gearing ratio from 45% to 13%
- Expanded the Board by welcoming Mr. Sanjeewa Jayaweera and Mr. Jithendra Gunaratne as Non-Executive Directors
- Increased the breadth of skills and experience within the Board
- Significant majority of Independent Directors (6 out of 11)
Climate Goals & Targets
Long-term Goals:
- Continuation and expansion of waste heat recovery project
- Implement solar energy project in the manufacturing plant
- Increase energy savings through energy savings initiatives
Medium-term Goals:
- Maintaining our market dominance in Sri Lanka while expanding our export market reach
- Collaborative partnerships with suppliers to facilitate growth
- Expansion of product portfolio with more complimentary products
Short-term Goals:
- Resolving technical difficulties related to Mosaic plant and increasing capacity utilization
- Studying the feasibility of expanding the existing kiln to increase productivity
Environmental Challenges
- COVID-19 pandemic and resultant disruptions and uncertainty
- Subdued economic growth
- Changes in Government policies
- Exchange rate fluctuations
- Shortage of raw material
- Changes in design trends
- Health and safety implications as a result of COVID-19
Mitigation Strategies
- Conforming to all health and safety protocols
- Expanding product portfolio
- Facilitating remote working for head office staff
- Increased focus on exports
- Dividing the factory staff into groups and operating on shift basis
- Market development
- Maintaining positive relationship with regulators
- Look for alternate material sources locally
- Expanding the factory outlet network
- Purchase of new land to ensure continuous supply of ball clay
- New product development
- Managing exposure through hedging and other techniques
- Supplier screening
- Effective market research
- Providing staff transport
- Reinforcing good hygiene practices at all premises
- Conducting random tests
- Adhering to all safety protocols stipulated by health authorities
Supply Chain Management
Responsible Procurement
- Supplier assessment and feedback
- Ensuring all suppliers confirm to regulatory requirements
- Ensuring that suppliers are certified by the Central Environmental Authority
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, Integrated Reporting Framework
Certifications: ISO 9001, ISO 14000, OHSAS 18001, Green Label Certification
Third-party Assurance: Messrs. Ernst & Young
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Actively promotes a paper-free office to reduce paper usage
- Aims to reduce the use of single-use plastic
- Working towards monitoring and reducing energy consumption by incorporating energy-efficient resources
Social Achievements
- Aims to foster an inclusive workplace with fair compensation and industry-standard remunerations
- Provides employees with necessary resources and training
- Aims to establish gender, age, and ethnic diversity across the workforce
- Discourages harassment/discrimination
- Works towards better labor practices with suppliers
Governance Achievements
- Separation of roles of Board Chairperson and Managing Director
- Strict adherence to internal policies and procedures
- Annual charitable donations
Climate Goals & Targets
Supply Chain Management
Responsible Procurement
- Procures supplies/services from ESG compliant suppliers/service providers