Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Sustainability of Products & Services across Life-Cycle
• Employee Well-being
• Stakeholder Engagement
• Human Rights
• Protection & Restoration of the Environment
• Responsible Advocacy
• Supporting inclusive Growth & Equitable Development
• Providing value to Customers and Consumers

Environmental Achievements

• Installed incineration boiler at distillery to achieve zero liquid discharge
• Generates green power from renewable energy sources and manufactures green fuel (Ethanol)
• Engaged in waste water, sewage and effluent treatment

Social Achievements

• Cane development program to improve farming techniques and increase farmer income
• Operates and manages schools for local children
• Provides safety & skill up-gradation training to employees

Governance Achievements

• Adopted BR Policy in Feb 2018
• BR Performance reviewed annually by VCMD/BR heads
• Whistle Blower Policy in place

Climate Goals & Targets

Environmental Challenges

• Lower sugar recovery and increased raw material cost per unit of sugar produced in 2021-22
• Pending appeal case with NCLAT regarding collusion in submitting bids

Mitigation Strategies

• Continuously engaged in energy conservation
• Focusing on enhancing raw material productivity in sugar operations
• Deposit of 10% of penalty amount in pending appeal case

Supply Chain Management

Responsible Procurement

• Sustainable sourcing practices based on business requirements
• Procurement from local and small producers, including farmers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs)

Sustainable Products & Innovation

• Ethanol
• Waste water treatment solutions
• Cogeneration using bagasse

Environmental Metrics

ESG Focus Areas

• Climate Risk
• Product Innovation and Technology Development
• Employee Well-being and Safety
• Community Engagement and Social Responsibility
• Selling Practices & Product Labelling
• Ethical Business Practices and Integrity
• Transparency and Reporting

Environmental Achievements

• All the sugar units have FSSC 22000 certification whereas our branded sugar additionally has BRCGS and SEDEX certifications.
• Implementation of Zero Liquid Discharge (ZLD) in Power Transmission and Distillery businesses.
• Significant reduction in Total Suspended Solids (TSS) through Decanter used in ETPs.
• Enhanced aeration in ETPs leading to improved performance and reduced pollutant load.
• 50% reduction in electrical energy consumption by replacing MH lamps with Induction lamps.
• 10% energy conservation through VFD installation for Blowers.
• Reduction of PM in air emission and capturing potash ash for fertilizer use.

Social Achievements

• Nurturing robust employee relations and prioritising safety.
• Continuous efforts to improve working conditions and safety standards.
• No complaints received regarding conflicts of interest involving directors or KMPs.
• No reported incidents of bribery or corruption involving Directors, KMPs, employees, or workers.
• 100% return to work and retention rates of permanent employees and workers that took parental leave.
• Support to Nursing School of a charitable hospital (88 persons benefited)
• Education to underprivileged children (1,151 persons benefited)
• Health care services (19,949 persons benefited)
• Promoting sports (720 persons benefited)

Governance Achievements

• Implementation of a robust anti-corruption policy.
• Comprehensive ‘Code of Conduct for Directors and Senior Management’ to address conflicts of interest.
• Regular training programmes and awareness initiatives on conflicts of interest.

Climate Goals & Targets

Environmental Challenges

• Climate change impacting the Sugar Business (raw material procurement)
• Competitive marketplace demanding quicker research and faster product launch
• Compliance risks such as misleading claims, customer complaints and regulatory fines.
• Ethical violations, damage to reputation, and legal repercussions.

Mitigation Strategies

• Developing sugarcane varieties resistant to weather changes, reducing dependence on Sugar business, setting GHG emission reduction targets, conducting climate-related risk assessments.
• Increasing and prioritising research and development efforts.
• Prioritising compliance and standards, internal and external audits.
• Prioritising rigorous policy adherence, effective implementation, regular internal or external review, and comprehensive audits.

Supply Chain Management

Responsible Procurement

• Selection of vendors based on quality, reliability, commercial terms, compliance to laws, ethical conduct, and environmental concern.

Climate-Related Risks & Opportunities

Physical Risks

• Direct impact of climate on agricultural activities and raw material procurement

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water & Wastewater Management
• Employee Well-being and Safety
• Responsible Supply Chain
• Community Engagement
• Selling Practices & Product Labelling
• Ethical Business Practices
• Transparency and Reporting
• Product Innovation

Environmental Achievements

• Achieved an 18% reduction in freshwater consumption.
• 29% increase in renewable energy electricity consumption compared to last year.
• Significant reductions in water extraction and consumption.

Social Achievements

• 12% decrease in work-related injuries.
• 100% return to work and retention rate for female permanent employees and workers who took parental leave.

Governance Achievements

• Implemented a comprehensive Supplier Code of Conduct.
• Implemented various new measures such as the Supplier Code of Conduct, Environmental Policy, and ESG Policy to strengthen our corporate governance framework and enhance operational efficiency.

Climate Goals & Targets

Environmental Challenges

• Climate Risk: Changes in rainfall patterns and temperature impact sugarcane production.
• Water & Wastewater Management: Threats to water availability pose a risk to business operations.
• Employee Well-being and Safety: Maintaining a healthy and safe work environment.
• Responsible Supply Chain: Ensuring socially responsible business practices with farmers and suppliers.
• Selling Practices & Product Labelling: Non-compliance with labeling regulations.
• Ethical Business Practices and Integrity: Upholding high standards of business ethics and integrity.
• Product Innovation and Technology Development: High R&D expenses and competitive pressures.

Mitigation Strategies

• Dynamic varietal substitution program for sugarcane.
• Propagating disease and pest-resistant sugarcane varieties.
• Farmer support programs for climate-resilient solutions.
• Business diversification to reduce dependence on sugarcane.
• Renewable energy use to reduce carbon footprint.
• Initiatives to reduce water consumption, reuse water, and improve water management.
• Regular safety trainings, OHS system implementation, and comprehensive Occupational Health and Safety (OHS) system.
• Supplier Code of Conduct and Farmer Outreach Program.
• Prioritising compliance and standards, internal and external audits.
• Prioritising rigorous policy adherence, effective implementation, regular internal or external review, and comprehensive audits.
• Increasing and prioritising research and development efforts.

Supply Chain Management

Supplier Audits: 47.20% (excluding cane suppliers)

Responsible Procurement

• Supplier Code of Conduct
• Farmer Outreach Program
• Promoting local vendors and prioritising local sourcing

Climate-Related Risks & Opportunities

Physical Risks

• Changes in rainfall patterns and temperature impacting sugarcane production

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 45001, ISO 9001, ISO 14001, FSSC 22000, BRCGS, SEDEX, FSSAI

Third-party Assurance: Not Applicable