Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, transparency & sustainability accountability
• Sustainability in life-cycle of product
• Employee well-being
• Stakeholder engagement
• Promotion of human rights
• Environmental protection
• Responsible public policy advocacy
• Inclusive growth
• Customer value

Environmental Achievements

• Installed solar panels at Nasik plant meeting a substantial part of its energy requirements.
• Installed Effluent Treatment Plant at Nasik Plant with zero liquid discharge, recycling around 60,000 liters of water daily (60% of total water consumption).

Social Achievements

• Various CSR initiatives including Covid relief measures, construction of toilets, sponsoring education, women empowerment through vocational training, medical aid, support to physically challenged people, environmental awareness, tree plantation, and animal welfare.
• Actively engages with local and small mandi suppliers for raw materials, providing spot payments to strengthen their financial position.

Governance Achievements

• Established a Whistle Blower & Protection policy applicable to directors, employees, business associates, and security holders.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Purchasing organic raw materials (around 10% of total raw material sourcing), discouraging forced and child labor.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

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

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Truly Indian range of organic food
• SOUL Pickles with olive oil and less salt
• Ashoka range of baked snacks

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Installed solar rooftop panels
• Improved energy efficiency by reducing total power consumption per rupee of turnover
• Implemented an ETP at its facility in Nasik, which operates with a zero liquid discharge system
• Prioritised the use of paper/biodegradable material (corn starch)
• Eliminated single-use plastic from customer-facing packaging
• Procured FSC-certified paper for customer-facing packaging

Social Achievements

• Regular health check-ups for employees
• Workplace hygiene maintenance
• Medical and accidental insurance cover to personnel
• Tie-ups with local hospitals for emergency medical aid

Governance Achievements

• Created a strong Board comprising professionals and industrialists of standing

Climate Goals & Targets

Environmental Challenges

• Commodity cost pressures
• Supply chain issues in the US subsidiary due to legal issues with its principal supplier
• Increased fuel and logistics costs
• Moderate warehouse space utilization in the newly acquired warehouses in the US

Mitigation Strategies

• Cost optimization
• Better product mix
• Improved operational efficiency
• Widening and deepening the distribution network
• Acquisition of warehouses in New Jersey & Atlanta

Supply Chain Management

Responsible Procurement

• Sourcing majority of agro-based raw material from local mandis

Climate-Related Risks & Opportunities

Awards & Recognition

• Great Taste Award (2017-18)
• Best FMCG Company (SME Sector) (2008-09)
• Two silver awards in the SOFI awards of 2017
• Best Overall exporter of the year (2008-09)
• APEDA award for five consecutive years from 1997-98

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Renewable energy via Grid Electricity increased by more than 133% as compared to the FY 2022-23.
• Renewable energy mix in the total energy consumed increased from 0.8% in FY 2022-23 to 1.67% in FY 2023-24.
• Decrease in energy intensity in terms of revenue and physical output.

Social Achievements

• Safety initiatives implemented, including 24/7 emergency vehicle availability, tie-ups with local doctors and hospitals, regular health checks, and safety training.

Governance Achievements

• Various initiatives embarked upon by the Company were directed to enhance stakeholder value.

Climate Goals & Targets

Environmental Challenges

• Foreign exchange rate fluctuation risk
• Raw material inflation risk
• Competition risk
• Logistics and supply chain risk

Mitigation Strategies

• Proactive foreign exchange rate management and strategic forward contracts.
• Close monitoring of bulk purchases and reliable distribution network.
• Investment in brand recognition, R&D, and innovative products.
• Multiple logistic partners, expanded distributor network, in-house distribution company, and additional warehousing space.

Supply Chain Management

Responsible Procurement

• Sourcing majority of agro-based raw material from local mandis

Climate-Related Risks & Opportunities

Awards & Recognition

• Great Taste Award (2017-18)
• SOFI Awards (2017)
• Best FMCG Company (SME Sector) (2008-09)
• Best Overall Exporter of the Year (SME Sector) (2008-09)
• APEDA award (five consecutive years from 1997-98)