Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Replacing asbestos sheets in manufacturing facilities
• Reducing dependence on chemicals
• Replacing standard lights with LED lights
• Replacing DC motors with SE motors

Social Achievements

• Ramped up employee engagement initiatives
• Distributed free masks and sanitization material to villagers
• Conducted COVID tests for villagers
• High employee retention rates

Governance Achievements

• Complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Implemented a Vigil Mechanism and Whistle Blower Policy
• Conducted secretarial audit

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting supply chain, production, and demand
• High carbon wire rod prices
• Increased logistics costs
• Depressed demand for fishing ropes in India

Mitigation Strategies

• Stringent safety protocols to ensure employee well-being
• Focus on high value-added products
• Expanding raw material supplier base
• Expanding global market presence

Supply Chain Management

Responsible Procurement

• Adequate vendor management system
• Sourcing from approved suppliers to minimize freight cost and uncertainty

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines (NVGs)

Certifications: ISO 9001:2015, ISO 14001:2015, API Monogram Licence, DNV – GL Manufacturer Approval, ABS Manufacturing Assessment

Sustainable Products & Innovation

• Combination fishing rope

Awards & Recognition

• 'EEPC India National Award' for export excellence
• ‘Excellent Performance Award’ from DP World Port, Dubai

Environmental Metrics

ESG Focus Areas

• Natural Resource Management
• Health
• Livelihoods
• Education
• Women Empowerment

Environmental Achievements

• Improved soil quality through compost and organic farming practices.
• Sustainable water management through hand pump repairs and pond construction.

Social Achievements

• Improved maternal and child health through health camps and awareness programs.
• Increased income generation through livelihood activities like mushroom cultivation and vegetable farming.
• Enhanced educational infrastructure through renovations and resource provision.

Governance Achievements

• Establishment of Village Health Sanitation Committees (VHSNCs) for community participation in healthcare.
• Collaboration with government programs for convergence and resource optimization.

Climate Goals & Targets

Environmental Challenges

• Unsustainable agricultural practices leading to soil and water quality problems.
• Limited access to healthcare services in rural areas.
• Low productivity in agriculture and allied activities resulting in low incomes.
• Lack of capacity among community members in integrated farming and livelihood generation.

Mitigation Strategies

• Promoting sustainable agricultural practices, including compost use and improved tillage management.
• Strengthening village health institutions and providing supportive supervision to health workers.
• Providing training and resources for improved farming techniques and livelihood opportunities.
• Strengthening village institutions and promoting community participation in project implementation.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Stewardship
• Water Stewardship
• Ethical Business
• Sustainable Partnerships
• Product Stewardship
• Care for People
• Care for Environment

Environmental Achievements

• Reduced water usage intensity by 23.5% over the last three financial years
• Reduced waste intensity by 7.9% over the last three financial years
• Reduced energy intensity and GHG intensity by 18.53% over the last three financial years
• Launched a new product line of eco-friendly plasticated fishing ropes under two brands: Sea Lion and Combo-Flex
• Installation of rainwater harvesting facility at Ranchi facility with a capacity of 4,100 m3 at CPP.

Social Achievements

• Imparted 17.29 hours of average training to employees in FY 22-23
• Zero fatalities observed among permanent workforce in FY 22-23
• Voluntary contribution towards CSR of Rs. 1.01 Crore in FY 22-23
• Zero instances of non-compliance with human rights issues in FY 22-23
• 69.23% of procurement cost spent towards local suppliers within the state in FY 22-23
• 86% Customer Satisfaction Index
• 15,730 lives impacted in FY 22-23 through CSR programmes

Governance Achievements

• 100% of product or service categories covered and assessed for compliance with marketing and labelling procedures in FY 22-23
• Established a three-tier ESG governance structure comprising of Risk Management Committee at the Board level, Sustainability Council at the Strategic level, and ESG cross-functional team at the Operational level.

Climate Goals & Targets

Environmental Challenges

• Supply chain risks, including raw material supply disruptions, geopolitical instability, natural disasters, economic fluctuations and regulatory changes
• Water scarcity
• Climate change impacts (extreme weather, etc.)
• Air pollution

Mitigation Strategies

• Building healthy supplier relationships, implementing risk management strategies, enhancing transparency, and promoting collaboration in the supply chain
• Developing a roadmap to reduce freshwater withdrawal by 50% by FY 29-30, including rainwater harvesting, ZLD, and water optimization initiatives
• Implementing energy efficiency measures, renewable energy adoption, and greener fuel usage to reduce energy consumption and GHG emissions
• Installing ESPs, CEMS, and CAAQMS for air pollution control

Supply Chain Management

Supplier Audits: Vendor assessment form every five years; planning third-party audits in the upcoming financial year

Responsible Procurement

• Supply Chain Management Policy emphasizing ethical practices, labor and human rights protection, environmental sustainability, occupational health and safety, product quality and safety, third-party representation and data confidentiality

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Flooding
• Heatwaves
• Cyclones

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Renewable energy adoption

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 45001, ISO 14001

Third-party Assurance: Not disclosed

Sustainable Products & Innovation

• Eco-friendly plasticated fishing ropes (Sea Lion and Combo-Flex)

Awards & Recognition

• Star Performer Award for Export Excellence

Environmental Metrics

ESG Focus Areas

• Climate Stewardship
• Water Stewardship
• Waste Management and Circular Economy
• Biodiversity Management
• Community Engagement
• Customer Centricity
• Responsible Sourcing
• Retention and Development of Diverse Talent
• Ensuring Employee Health and Wellbeing
• Upholding and Protecting Human Rights
• Creating Diversity and Inclusivity
• Fostering Safe Work Environment
• Corporate Governance
• Code of Conduct
• Regulatory Compliance
• Strengthening Data Privacy and Security
• Sustainable Product Design and Innovation
• Operational Efficiency and Resource Optimization
• Ethical and Transparent Labelling

Environmental Achievements

• 8.5% Reduction in total indirect energy consumption in FY 23-24 from FY 22-23
• 6% Reduction in Scope 2 emission in FY 23-24 from FY 22-23
• Estimated Scope 3 emissions for the first time this year across 8 emission categories
• Developed a GHG emission reduction roadmap
• Initiated reuse of spent acid back into our processes, curbing waste generation and promoting resource efficiency
• Reduced hardwood consumption in wooden pallets by redesigning the wooden battens used for LRPC packaging (10.3% hardwood saving per pallet)

Social Achievements

• 100% Permanent employees received maternity and paternity benefits in FY 23-24
• 25% Increase in investment in community initiatives (CSR) in FY 23-24
• 18,445 Lives impacted in FY 23-24 through CSR Programmes
• 1.79 Crore Voluntary contribution towards CSR in FY 23-24
• 69% Increase in female employee hiring rate in FY 23-24 compared to FY 22-23
• 50% Decrease in fatality rate in FY 23-24 from FY 22-23
• 18% Decrease in lost time injuries frequency rate in FY 23-24 from FY 22-23
• 100% Operations underwent human rights reviews for various parameters including child labour, forced labour, sexual harassment, discrimination, and wages in FY 23-24
• 89% Customer Satisfaction Index in FY 23-24

Governance Achievements

• Formation of ‘Sustainability Council’ for driving and pursuing sustainable development objectives across our operations
• Framing of three-tiered ESG governance structure, operating at the Board, Strategic, and Operational levels
• Zero instances of data breaches, cybersecurity issues, or data privacy violations (FY 23-24 and FY 22-23)

Climate Goals & Targets

Environmental Challenges

• Persistent sluggishness of the global and Indian economy
• Volatility of interest rates
• Maintaining adequate liquidity and effectively managing working capital
• Potential for non-payment from debtors
• Volatility in foreign currency exchange rates
• Efficient project management practices
• Evolving nature of the Information Technology industry and cybersecurity threats
• Continuous advancement of technology
• Reliability of supply chain partners
• Market volatility, particularly in crude oil prices
• Slowdown in downstream industries
• Potential for corruption
• Failure to keep up with rapidly changing laws and regulations
• Losing top talent or facing labour disruptions
• Unplanned outages
• Potential environmental impact
• Evolving green regulations

Mitigation Strategies

• Tracking emerging trends, regulatory shifts, and economic developments
• Optimising borrowing mix, balancing fixed and floating rates
• Closely monitoring liquidity
• Investing excess cash in liquid, short-term instruments
• Thorough customer profiling
• Closely monitoring changes in credit ratings, regulatory conditions, industry trends, and payment history
• Diversifying sales portfolio
• Employing financial instruments such as forward contracts
• Detailed project planning and feasibility studies
• Frequent review meetings
• Protecting information assets and IT assets
• Disaster recovery plans
• Information security training
• Continuously reviewing and updating technology
• Investing in hiring qualified personnel
• Meticulous supplier assessment procedure
• Vendor assessment form
• Critical supplier identification exercise
• Expanding range of products
• Reaching out to a wide network of customers
• Implementing Anti-Bribery and Anti-corruption Policy
• Dedicated whistleblower mechanism
• Continuous learning and development
• Implementation of compliance management software
• External independent audits
• Review of internal systems and controls
• Rigorous, transparent, and fair recruitment process
• Regular salary benchmarking
• Incentives
• Regular talent reviews and succession planning
• Stringent Standard Operating Procedures (SOPs)
• Predictive and preventive maintenance programmes
• Regular equipment overhauls
• Technological upgradation
• Preventing leaks
• Compliance with ISO14001:2015
• Regular training to promote environmental awareness

Supply Chain Management

Supplier Audits: Ongoing assessments based on a six-phase Supply Chain Sustainability Programme

Responsible Procurement

• Supplier Code of Conduct
• Supplier Assessment Questionnaire
• Responsible Sourcing Guideline
• Prioritization of local suppliers, especially MSMEs

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Natural disasters

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Adoption of renewable energy sources

Reporting Standards

Frameworks Used: GRI Standards

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

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Plasticated fishing ropes with biodegradable grease
• Ropes for surface mining/port crane applications
• Forestry ropes

Awards & Recognition

• Ellies Award 2023 for Best Supplier Ropes/Travelling Cables
• Certificate of appreciation for health support efforts from Jharkhand’s Health Minister
• Certificate of Appreciation from Jharkhand’s Mini Tool Room
• Certificate of Achievement from BIS for developing standards