Climate Change Data

Tatva Chintan Pharma Chem Limited

Climate Impact & Sustainability Data (2020-21, 2021-04 to 2022-03, 2022-04 to 2023-03)

Reporting Period: 2020-21

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability

Environmental Achievements

  • Ankleshwar facility converted to a Zero Liquid Discharge plant in FY 2019-20
  • Use of green chemistry processes like electrolysis
  • Investments in sustainable technologies
  • Ecovadis audited environment performance above industry average

Social Achievements

  • Facilitated medical services, disinfection drives, and provided food packages during COVID-19
  • Contributions made to create primary healthcare centers in villages

Governance Achievements

  • Complied with all the Mandatory Requirements of Corporate Governance norms as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Climate Goals & Targets

Environmental Challenges

  • COVID-19 pandemic temporarily suspended operations
  • Headwinds in demand generation from global and domestic majors
  • Disruptions in supply chain due to the pandemic
Mitigation Strategies
  • Strictly followed government guidelines on COVID-19
  • Maintained continuous communication with key customers and suppliers
  • Implemented measures like social distancing, temperature checking, and regular sanitation
  • Facilitated medical services and provided community support

Supply Chain Management

Responsible Procurement
  • Partnered with Together for Sustainability (TfS)

Climate-Related Risks & Opportunities

Reporting Period: 2021-04 to 2022-03

Environmental Metrics

ESG Focus Areas

  • Sustainability

Environmental Achievements

  • Ankleshwar manufacturing facility converted into a zero liquid effluent discharge facility
  • Use of PNG as boiler fuel at Ankleshwar and low Sulphur LDO at Dahej to minimize environmental impact
  • Deployment of electrolysis for product manufacture, minimizing waste and by-products
  • Sustainability performance above industry average as monitored by EcoVadis and TfS

Social Achievements

  • Successful completion of Initial Public Offer (IPO)
  • Focus on employee well-being and safety
  • Various community development activities focusing on education and healthcare

Governance Achievements

  • Constitution of Risk Management Committee
  • Compliance with all mandatory requirements of Corporate Governance norms

Climate Goals & Targets

Long-term Goals:
  • Continued growth in specialty chemicals market
  • Maintaining leadership position in SDA and PTC categories
  • Focus on green chemistry and sustainable solutions
Medium-term Goals:
  • Strong demand revival for SDAs post semiconductor chip shortage resolution
  • Growth in electrolyte salts category due to increasing applications in EVs and renewable energy storage systems
Short-term Goals:
  • Completion of Dahej plant expansion in Q3 FY23
  • Upgradation of R&D facility in Vadodara in Q4 FY23

Environmental Challenges

  • COVID-19 pandemic impacting global economy
  • Russia-Ukraine crisis and supply chain disruptions
  • Inflation headwinds
  • Global semiconductor chip shortage impacting demand for SDAs
Mitigation Strategies
  • Extreme care and caution towards employee and community well-being
  • Adherence to guidelines and advisories issued by authorities
  • Robust inventory management practices
  • Commercial negotiation with customers and suppliers to manage commodity price risks
  • Entering into forward contracts to hedge foreign currency exposure
  • Investing in capacity expansion and R&D to strengthen product portfolio

Supply Chain Management

Responsible Procurement
  • Participation in Together for Sustainability initiatives
  • EcoVadis audit of sustainability practices
  • Periodic audit of key material suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NVGs

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, EcoVadis, Together for Sustainability (TfS)

Sustainable Products & Innovation

  • Products using continuous flow chemistry, electrochemistry, and PTC technology

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:11618.49 t CO2 eq.
Scope 1 Emissions:1055.57 t CO2 eq.
Scope 2 Emissions:10262.92 t CO2 eq.
Total Energy Consumption:109069.83 GJ
Water Consumption:69708 kl
Waste Generated:4,185.44 tons

ESG Focus Areas

  • Environmental sustainability
  • Operational sustainability
  • People/Social sustainability
  • Governance

Environmental Achievements

  • Ankleshwar manufacturing unit is Zero Liquid Discharge Unit since January 2020
  • Water conservation projects like recycling, condensate recovery and steam recovery reduced water consumption

Social Achievements

  • 100% of permanent employees covered by health insurance
  • 100% of permanent workers covered by health insurance

Governance Achievements

  • Board periodically monitors financial, environmental, and social performance
  • Audit Committee, Stakeholders Grievance Committee and Corporate Social Responsibility Committee in place

Climate Goals & Targets

Environmental Challenges

  • Health & Safety risks in chemical industry
  • Business Ethics risks due to failure to adhere to ethical behavior
  • Regulatory Issues and Compliance
Mitigation Strategies
  • Health & Safety Management Plan, continuous Training, Process Safety & Risk Management policies and trainings
  • Adherence to Tatva Code of Conduct and Whistle Blower Policy
  • Regulatory compliance

Supply Chain Management

Responsible Procurement
  • Standard operating procedure to encourage sustainable vendors
  • Periodic audits by quality assurance team

Climate-Related Risks & Opportunities

Opportunities
  • Reducing GHG emissions