Rafhan Maize Products Co. Ltd.
Climate Impact & Sustainability Data (2014)
Reporting Period: 2014
Environmental Metrics
ESG Focus Areas
- Safety & Health
- Social Accountability
- Environmental Conservation
- Operational Excellence
- Sustainable Sourcing
- Innovation
- Community Engagement
- Governance, Integrity & Trust
Environmental Achievements
- Won Annual Environment Excellence Awards for six consecutive years (2009-2014) for excellent environment protection initiatives and successful implementation of environment protection management systems.
- Constructed wastewater treatment plants at Cornwala and Mehran Plants.
- Achieved zero LTIR (lost time injury rate) and Zero TRIR (total recordable injury rate) in 2014.
Social Achievements
- Considered its workers as partners in the company's success and provides various facilities (subsidized foods, long service awards, free medical dispensaries, etc.).
- Maintained a primary school at Faisalabad site.
- Provided scholarships for less privileged and intelligent students.
- Executed projects in Faisalabad, Jamshoro and other areas.
- Supported rehabilitation of villages affected by devastating floods across Punjab.
Governance Achievements
- Fully compliant with the provisions of the Code of Corporate Governance 2012.
- Established an Audit Committee and a Human Resource & Remuneration Committee.
- Implemented a whistleblower protection policy.
Climate Goals & Targets
Long-term Goals:
- Make RafhanMaize a premier provider of refined agriculturally based ingredients in the region.
- Improve existing ingredient portfolio and introduce new products.
- Improve geographical reach to customers.
- Expand capacity prior to customer needs.
- Improve storage facilities.
- Increase corn production in the country, particularly in Sindh province.
Medium-term Goals:
- Co-generation plant to start yielding commercial benefits from 2016.
Short-term Goals:
- Accelerate implementation of projects and focus on near-term initiatives for accelerated delivery of short-term business benefits.
- Increase product portfolio and geographical expansion.
Environmental Challenges
- Severe energy crises, slow industrial demand, and inflating cost of doing business.
- Persistent energy crisis impacting industrial production and overall demand.
- Loss of sales volume equivalent to 3% of goals due to depressed demand.
- High energy costs with the usage of alternate fuels and reduced or complete non-availability of power and gas.
- Inconsiderate ban by Punjab Food Authority on usage of Modified Food Grade Starches.
Mitigation Strategies
- Focused on strategic blueprint and constituent strategies for operational excellence, organic growth, product portfolio extension, and geographical expansion.
- Implemented business excellence model across all departments.
- Developed new products and efficiently worked on new applications of existing industrial products.
- Initiated a 12MW Co-generation Plant at one of its major manufacturing facilities.
- Improved technology and brought changes in equipment to save cost on utilities.
- Implemented Lean/Six Sigma to enhance competencies, improve efficiencies, and reduce waste.
Supply Chain Management
Responsible Procurement
- Evolved a long-term and mutually beneficial relationship with growers, farmers, and other commercial partners to secure supply.
Climate-Related Risks & Opportunities
Physical Risks
- Floods
Awards & Recognition
- FPCCI Achievement Award: Gold Medal
- Employer of the Year Award - EFP
- Special Merit Export Award For Export of Corn (Maize) Derived Products
- Corporate Social Responsibility Award 2014
- EFP Award for Best Practices in OSH&E
- SAFA Award on the Best Presented Accounts Award
- Gold Medal in FPCCI Achievement Award
- Best Corporate Report & Sustainability Report Award
- Corporate Excellence Award from Management Association of Pakistan