Climate Change Data

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