Climate Change Data

Environmental Metrics

ESG Focus Areas

• Innovation
• Wellness
• Sustainability

Environmental Achievements

• Zero Liquid Discharge Company
• Utilizes environment-friendly resources, replacing harmful chemicals

Social Achievements

• Extended help by providing Ventilators/Oxygen concentrators/cabinets to a hospital in Nashik during COVID-19 relief efforts
• Contributed to Arpan Thalassemia Society (Nashik)
• Contributed to the expansion of Agrawal Oswal Chhatrawas, a Boys' hostel in Andheri, Mumbai
• Contributed to the construction of building premises at Yeola Taluka and Nashik in Maharashtra
• Contributed for providing organic fertilizers to farmers in villages of Nashik and Nagar District
• Contributed for the construction of Hostel for Women at Vocational training and Skills development centre in Jaipur, Rajasthan

Governance Achievements

• Complied with all the provisions of applicable Secretarial Standards issued by the Institute of Company Secretaries of India

Climate Goals & Targets

Environmental Challenges

• Inflation and supply chain disruptions
• Increased input costs due to high inflation and raw material price increases
• Supply chain issues in procurements from China
• Ruptured supply chain impacting raw material procurement and finished goods supply
• Increased containerized freight rates and scarcity of truckers
• Delays in shipment clearance
• Spurt in fuel prices and freight costs impacting margins
• Lumpy demand from customers due to over-procurement of inventories early in the year

Mitigation Strategies

• Two strategic distribution pacts for food and dietary supplements in South East Asia and India
• Using derivative instruments (foreign exchange forward contracts) to mitigate forex risk

Supply Chain Management

Responsible Procurement

• Sourcing from reputed manufacturers to ensure quality and delivery
• Supplier screening criteria based on vendor registration form

Climate-Related Risks & Opportunities

Physical Risks

• Production disruption
• Change in customer preferences
• Significant changes in operating environment

Opportunities

• Development of new and better products

Sustainable Products & Innovation

• Adphos range of products (reduces phosphate consumption)
• Addzyme70 (reduces solvent consumption)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Impact
• Energy Conservation
• Carbon Emissions
• Water Usage and Management
• Waste Reduction
• Material Handling
• Supply Chain Management
• Customer Experience
• Health & Safety
• Talent Management
• Employee Engagement
• Community Engagement
• Data Privacy & Security
• Product quality and safety
• Corporate Governance
• Investment in R&D
• Regulatory compliance
• Human Rights
• Inclusive Growth
• Consumer Engagement

Environmental Achievements

• Implemented a Zero Liquid Discharge mechanism since 2003.
• Working on establishing emission targets aligned with the Science Based Targets initiative.

Social Achievements

• Implemented various measures to ensure human rights and safeguard the rights of all employees and workers.
• Implemented employee engagement programs.
• Implemented a grievance redressal mechanism for employees and workers.

Governance Achievements

• Implemented an anti-corruption and anti-bribery policy.
• Has processes in place to avoid/manage conflict of interests involving members of the Board.

Climate Goals & Targets

Environmental Challenges

• Climate Risk: Significant changes in operating environment due to climate change.
• Environmental Impact: Risk of negative impact on the environment as a manufacturing company.
• Material handling: Challenges in transporting and storing materials and products.
• Supply chain management: Challenges related to sourcing and transporting of raw materials and finished products.
• Customer Experience: Decrease or discontinuation in customer demand.
• Health & Safety: Risks to the health and safety of employees and customers.
• Data Privacy & Security: Data privacy and security challenges.

Mitigation Strategies

• Implementing necessary risk mitigation strategies for climate change.
• Strong system for establishing Standard Operating Procedures to protect the environment.
• Employing industry-leading practices to manage materials and products.
• Continuously striving to optimise cost-effectiveness and timely deliveries.
• Proactively improving the quality and consistency of the customer experience and diversifying its client base.
• 'Zero tolerance' policy for compromise on health and safety norms.
• Strong framework to identify cybersecurity risks and a comprehensive approach to information security and data privacy systems.

Supply Chain Management

Responsible Procurement

• Supplier sustainability criterion
• Adhering to Safety, Health and Environment Policy
• Complying with legal requirements
• Obtaining ISO Certification
• Procuring raw materials locally

Climate-Related Risks & Opportunities

Opportunities

• Development of new and improved products

Sustainable Products & Innovation

• Next-generation engineered proteins
• Enzyme and probiotics
• Enzyme preparation and method for preparing concentrate from soya protein-containing material
• Process for extracting oil from oil palm fruits and enzyme compositions

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Impact
• Energy Conservation
• Carbon Emissions
• Water Usage and Management
• Waste Reduction
• Material Handling
• Supply Chain Management
• Customer Experience
• Health & Safety
• Employee Engagement
• Community Engagement
• Data Privacy & Security
• Product Quality and Safety
• Corporate Governance
• Investment in R&D
• Regulatory Compliance
• Human Rights

Environmental Achievements

• Implemented a mechanism for Zero Liquid Discharge (ZLD)
• Installed a 160KW solar plant, with a 350KW system in progress
• Implemented steam condensate recovery systems
• Invested in energy-efficient air conditioning systems
• Deployed LED lamps throughout the plant
• Installed energy efficient and Variable-Frequency Drive (VFD)-grade motors

Social Achievements

• Implemented employee engagement programmes
• Implemented a well-defined, structured, and hierarchical procedure for addressing employee grievances
• Provided various well-being measures for employees and workers (health insurance, accident insurance, maternity benefits etc.)

Governance Achievements

• Has a robust anti-corruption and anti-bribery policy
• Stringent measures to prevent and manage conflict of interest among its Board members

Climate Goals & Targets

Environmental Challenges

• Climate Risk (disruptions in production, shifts in customer preferences)
• Environmental Impact (negative impact on the environment)
• Carbon Emissions (contribution to greenhouse effect)
• Water Usage and Management (dependency on uninterrupted water supply)
• Waste Reduction (minimising waste)
• Material handling (transporting and storing materials)
• Supply chain management (sourcing and transporting of raw materials)
• Customer Experience (decrease in customer demand)
• Health & Safety (risks to employees and customers)
• Data Privacy & Security (data breaches)
• Product quality and safety (shortcomings in meeting customer expectations)
• Corporate governance (risks that have the potential to erode the trust of the stakeholders)
• Investment in R&D (cost escalation due to elongated R&D timeline)
• Regulatory compliance (extensive regulation)

Mitigation Strategies

• Implementing necessary risk mitigation strategy
• Strong system for establishing ‘Standard Operating Procedures’
• Developing a strategy to decrease emissions
• System in place to recycle wastewater
• Industry-leading practices to manage materials
• Optimising cost-effectiveness and timely deliveries
• Improving the quality and consistency of the customer experience
• ‘Zero tolerance’ for any compromise on health and safety
• Strong framework to identify cybersecurity risks
• Quality control and quality assurance processes
• Selecting the right mix of individuals to serve on the Board
• Adopting new technological innovations
• Maintaining the highest standards of quality

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sourcing raw materials locally
• Established supplier sustainability criterion
• Adhering to Safety, Health, and Environment Policy

Climate-Related Risks & Opportunities

Physical Risks

• Disruptions in production

Transition Risks

• Shifts in customer preferences

Opportunities

• Development of new and improved products

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, FSSC 22000, GOTS, Halal Certification, Kosher Certificate, WHO-GMP Certification, GMP Plus Certification, Written Confirmation Certification, Export Inspection Agency Certification

Third-party Assurance: NA

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Next-generation engineered proteins

Awards & Recognition

• Not disclosed