Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Safe and Sustainable Goods and Services
• Employee Well-being
• Stakeholder Responsiveness
• Human Rights
• Environmental Protection
• Responsible Policy Influence
• Inclusive Growth
• Customer Value

Environmental Achievements

• Increased usage of FSC Paper in stationery division from 18.51% to 28.78% and Bagasse Paper from 6.12% to 9.86%
• Installed 289 KW/day capacity rooftop solar panels, reducing regular power consumption by almost 50%
• Generated 8.5 MW of wind power

Social Achievements

• Undertook a housing project providing 1008 houses to underprivileged communities at subsidized rates
• Conducted cancer prevention awareness and diagnosis camps
• Improved educational standards in primary schools, mainstreaming 400-450 weak students
• Provided safety & skill up-gradation training to 26.98% of permanent employees, 22.41% of permanent women employees, and 54.51% of casual/temporary/contractual employees

Governance Achievements

• Defined code of conduct for Directors and all employees covering ethics and bribery
• All stakeholder complaints resolved

Climate Goals & Targets

Environmental Challenges

• Forest depletion due to paper usage
• Risks associated with solvent-based printing ink and PVC-based adhesive
• Lack of exclusive tracking system for measuring resource use per product

Mitigation Strategies

• Use of bagasse and FSC paper
• Precautions during storage and consumption of ink and adhesive, treatment of process waste
• Continuous education of vendors on environmental concerns, use of ISO 14001 certified paper

Supply Chain Management

Responsible Procurement

• Sourcing paper from well-known, respected brands, many of which are ISO 14001 certified
• Use of FSC certified paper
• Educating vendors through meetings, visits, and purchase orders

Climate-Related Risks & Opportunities

Reporting Standards

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

Certifications: ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007, FSC

Awards & Recognition

• WAREX – Warehouse Excellency Award, Platinum and Gold Grades

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed 724 KWP of solar power capacity and 4.8 MW of wind power capacity
• Reduced power consumption by 30% at two manufacturing facilities through solar energy adoption
• Reduced CO2 emissions by 19,244.2 metric tonnes through various initiatives

Social Achievements

• Supported 2,987 children with school/college fees
• Distributed books and educational kits to 7,184 underprivileged children
• Supported 6,051 patients with medical treatments and surgeries
• Supported 410 underprivileged youth in sports through equipment and training

Governance Achievements

• Established a strong corporate governance framework
• Implemented a robust risk management strategy
• Maintained a reliable internal control system

Climate Goals & Targets

Environmental Challenges

• Rising paper costs
• Supply chain constraints due to geopolitical tensions
• Volatility in paper prices
• Headwinds in EdTech sector

Mitigation Strategies

• Leveraging long-term contracts with paper mills
• Maintaining sufficient inventory
• Proactive supply chain management
• Avoiding external funding for EdTech ventures
• Annual updates to educational offerings to match government guidelines

Supply Chain Management

Responsible Procurement

• Sustainable sourcing of paper (100% in paper procurement)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, FSC, Sedex, BSCI, WAREX

Sustainable Products & Innovation

• Eco-friendly paper sourcing
• UV coating for stationery

Awards & Recognition

• Walmart Sustainability Award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced CO2 emissions by 55% through renewable energy investments (solar and wind power).

Social Achievements

• Supported educational fees for 271 children, including those with special needs.
• Provided coaching and hostel facilities for 451 students preparing for Civil Service examinations.
• Supported various healthcare initiatives, including treatment for 74,004 patients and 715 surgeries.
• Provided essential care for 20,912 animals at shelters in Gujarat.

Governance Achievements

• Implemented Enterprise Risk Management (ERM) to identify and mitigate potential risks.
• Established an ESG Board Committee and an ESG Working Committee to oversee sustainability efforts.

Climate Goals & Targets

Environmental Challenges

• Lower-than-expected off-take of channel inventory in the publication business.
• Significant rise in paper prices.
• Unexpected surge in the resale of second-hand books.
• Potential anti-dumping duty on a product category in the US.
• Slowdown in the US market due to supply chain constraints.
• Climate change impacts on operations.

Mitigation Strategies

• Utilised well-established relationships with paper mills for competitive paper procurement.
• Preparing to fulfill US orders in 2025 despite potential anti-dumping duty.
• Implementing measures to optimize operations and maintain momentum in the face of US market slowdown.
• Investing in renewable energy (solar and wind power) to reduce carbon footprint.
• Developing a green zone within manufacturing locations to absorb CO2 emissions.
• Implementing energy optimisation measures, including periodic energy audits and active stack monitoring.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Water scarcity

Transition Risks

• Customer expectations for carbon neutrality.

Opportunities

• Investing in renewable energy.

Reporting Standards

Frameworks Used: International Integrated Reporting Council (IIRC)

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

Sustainable Products & Innovation

• Agro-based paper
• UV coating to replace plastic lamination

Awards & Recognition

• Walmart Sustainability Award