Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Rural development
• Community development
• Employee well-being
• Human rights

Environmental Achievements

• Reduced water consumption through implementation of dip curing system and rain water harvesting
• Energy savings through LED lighting and VFD installation
• Waste recycling through zero discharge policy

Social Achievements

• Skill up-gradation training for 71% of permanent employees and 67% of casual/temporary/contractual employees
• Various CSR activities in education, health, and rural development
• Cordial industrial relations

Governance Achievements

• Compliance with LODR and Companies Act, 2013
• Establishment of Vigil mechanism and Whistle Blower Policy
• Implementation of Risk Management Policy

Climate Goals & Targets

Environmental Challenges

• Sales quantity of Fibre Cement Sheets dropped by 10%
• Sluggish market for Fibre Cement Pressure Pipes
• Reduction in yarn selling price and increase in raw material cost in Cotton Yarn Division
• COVID-19 pandemic impact on production and sales
• Labour scarcity due to migrant labour returning home

Mitigation Strategies

• Exploring new geographical markets for sales
• Supplier negotiations to mitigate raw material cost impact
• Promotional efforts to increase sales of Fibre Cement Boards
• Resuming operations after lockdown relaxations
• Focusing on rural markets

Supply Chain Management

Responsible Procurement

• Sourcing from local vendors for cotton rag pulp
• Technical inputs and training provided to local vendors

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products
• Wind energy generation

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 14001

Sustainable Products & Innovation

• Fibre Cement roofing sheets using fly ash and slag
• Greencor, Non-Asbestos roofing sheets

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Reduced carbon footprint through utilization of industrial waste materials (fly ash, slag, cotton rag pulp) in manufacturing.
• Efficient utilization of wind energy for captive consumption.

Social Achievements

• Various CSR activities in health, education, infrastructure development, and other community development projects.
• Skill training programs for ITI students and architects.

Governance Achievements

• Compliance with the requirements of Corporate Governance as stipulated in LODR.
• Establishment of a Vigil mechanism and Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the war in Ukraine and sanctions on Russia.
• Increased freight costs and container shortages affecting international trade.
• Political and economic crisis in Sri Lanka impacting business.
• Rising inflation increasing input costs.
• Foreign exchange scarcity/restrictions causing delays in remittances.

Mitigation Strategies

• Taking adequate measures to ensure raw material availability.
• Monitoring situations and taking steps to ensure subsidiary companies' operations in Sri Lanka.
• Developing local vendors for cotton rag pulp production.
• Implementing cost control measures and exploring new markets.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable sourcing of inputs, including transportation.
• Developing local vendors for cotton rag pulp production.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Indian Accounting Standards (Ind AS)

Certifications: ISO 14001

Third-party Assurance: M/s. SRSV & Associates and M/s. Ramakrishna Raja and Co., Chartered Accountants

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Fibre Cement roofing sheets using industrial waste materials
• Wind energy generation

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Employee Well-being
• Responsible Business Conduct

Environmental Achievements

• Reduced energy intensity per rupee of turnover by 0.006 (0.357 to 0.351)
• Reduced water intensity per rupee of turnover by 0.15 (0.68 to 0.53)
• 100% process reject water recycled

Social Achievements

• 100% of permanent employees covered by health and accident insurance
• 100% of permanent workers covered by health and accident insurance
• Various CSR projects in education, health, rural development, etc.

Governance Achievements

• Established a Vigil mechanism and Whistle Blower Policy
• Complied with the requirements regarding Corporate Governance as stipulated in SEBI (LODR) Regulations, 2015
• No complaints received pertaining to sexual harassment

Climate Goals & Targets

Environmental Challenges

• Currency fluctuation risks
• Information technology risks
• Interest rate risks
• Liquidity risks
• Geo-political risks (Russia-Ukraine war)
• Credit risks
• Marketing risks
• Human resource risks

Mitigation Strategies

• Forex hedging policies
• Information Rights Management System, data encryption, endpoint device security, strong virus protection systems, etc.
• Management of fixed/floating ratio of financial liabilities, monitoring credit markets
• Tightened control measures in collection of receivables, negotiation of credit periods with suppliers, maintaining adequate inventory
• Maintaining adequate stock levels, reviewing purchases from non-Russian countries
• Maintaining adequate security deposits/bank guarantees, obtaining advance payments
• Quality product with pricing, benchmarking, substitutes, and in-house branding
• Forecasting annual manpower, employee-friendly benefits, training programs, wellness sessions, maintaining cordial relationships with unions

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, Ind AS

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, IS 459:1992, IS 14862:2000, IS 14871:2000, EPD Certified, GreenPro, GRIHA

Third-party Assurance: TUV-SUD India Pvt Ltd., Chennai

Sustainable Products & Innovation

• Hilux Lite
• Hiden
• Hilux (GRIHA & GreenPro Certified)