Kingfa Science & Technology (India) Limited
Climate Impact & Sustainability Data (2023-2024)
Reporting Period: 2023-2024
Environmental Metrics
Water Consumption:[object Object]
Waste Generated:146.16 metric tonnes
ESG Focus Areas
- Environmental Sustainability
- Community Development
- Employee Wellbeing
- Occupational Health and Safety
- Supply Chain Management
Environmental Achievements
- Implemented energy conservation measures in Chakan, Puducherry, and Manesar plants resulting in cost savings.
- Replaced higher power LED lights with lower wattage bulbs, resulting in power savings.
- Increased production grade output by reducing shear rate, saving energy consumption.
Social Achievements
- Undertook various CSR projects including construction of toilets, mid-day meal sheds, classrooms, and distribution of computers to government schools in Haryana and Pune.
- Distributed assistive devices to visually impaired individuals.
- Maintained cordial industrial relations and implemented various HR initiatives.
Governance Achievements
- Complied with all applicable Secretarial Standards.
- Established a Whistle Blower Policy and Vigil Mechanism.
- Implemented a policy on prevention of sexual harassment at the workplace.
Climate Goals & Targets
Long-term Goals:
- Carbon neutral for all Kingfa units by 2050
Environmental Challenges
- Inventory management challenges due to unpredictable import logistics.
- Potential threats such as natural disasters or disruption in operation due to technical failure.
- Managing commodity price volatility, especially for polypropylene.
Mitigation Strategies
- Continuous monitoring and realigning supply routes/transportation for inventory management.
- Preventive maintenance to minimize interruptions due to breakdowns.
- Expanding supply base and working with principals to control key raw material prices and availability.
Supply Chain Management
Responsible Procurement
- Expanding the supply base to minimize risks and have better control.
- Inviting key Indian suppliers to Kingfa Global supplier meet.