Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Women Empowerment
• Healthcare
• Education
• Rural Welfare

Environmental Achievements

• Installed 7 MW windmill plant in Gujarat for captive consumption
• Pond deepening in Khedoi, Kutch, Gujarat for rainwater conservation
• Rigorous tree plantation program in Kutch

Social Achievements

• Vocational employability training to women in Anjar, Gujarat (sewing, jewellery making, toy making, computer education, cooking, beauty parlour, mehendi)
• Funding to different hospitals and education of needy children (especially girls) in Mumbai
• Significant contribution for renovation of paediatric OPD ward of The Tata Memorial Hospital, Mumbai

Governance Achievements

• Compliance with all applicable mandatory requirements as prescribed under the Listing Regulations, 2015

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations
• Foreign exchange rate fluctuation
• Variation in raw material prices
• Liquidity risk
• Receivables risk

Mitigation Strategies

• Phased resumption of operations after lockdown with social distancing and sanitization guidelines
• Managing financial risk through forward contracts (approx. 50% of projected sales) and natural hedge from raw material imports
• Maintaining back-to-back raw material arrangements with suppliers and obtaining quotations at the time of tendering
• Efficient financial planning, focus on debt-equity ratio, and good track record for sourcing funds
• Effective credit risk management practices, strong internal control measures, and frequent reviews

Supply Chain Management

Responsible Procurement

• Quality, health, safety, and environment checks during vendor approval
• Periodic reviews and audits of vendor operations

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Energy and GHG Emissions Management
• Sustainable Product
• Product innovation, safety, and quality
• Occupational Health and Safety
• Supply Chain Management
• Employee Benefits & Development
• Systematic Risk Management
• Regulatory & Legal Compliances
• ESG Oversight

Environmental Achievements

• Reduced energy consumption per ton of production
• 0.3% of energy through renewable sources of energy
• Water intensity reduced by 1% over FY23
• Achieved zero waste to landfill

Social Achievements

• LTIFR reduced by 16% over last year
• CSR expenditure of over Rs.211.96 Lakhs in FY24

Governance Achievements

• Awarded Top exporter of Kandla Customs for FY24

Climate Goals & Targets

Environmental Challenges

• Energy and GHG Emissions Management
• Product innovation, safety, and quality
• Occupational Health and Safety
• Supply Chain Management
• Systematic Risk Management
• Regulatory & Legal Compliances

Mitigation Strategies

• Investing in energy and emissions management systems and technologies
• Implementing Quality Management Systems
• Safety training programs and safety audits
• Developing alternative supply chain models
• Risk management framework for the identification and management of risks
• Code of Conduct for business and ethics, a policy & guidelines on sexual harassment of employees and vigil mechanism/ whistle blower policy

Supply Chain Management

Responsible Procurement

• assessing suppliers based on ESG criteria

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, APIQR

Third-party Assurance: CareEdge Analytics & Advisory Private Limited

Awards & Recognition

• Top exporter of Kandla Customs for FY24