Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Employee Well-being
• Community Development
• Safety
• Health

Environmental Achievements

• Developed green belt area and planted nearly 1,900 trees (nearly 5,000 trees in the last three years)
• Installation of Bioreactors, Chemical ROs, Multiple effect evaporator, and Incinerator to reduce effluent discharge
• Commissioning of Waste Heat recovery systems to ensure Reduction, Recovery and Reuse of effluents

Social Achievements

• Implemented standard operating procedures at workplaces and plants to ensure employee well-being during the pandemic (including sanitization, temperature screening, safety gear, social distancing, and work-from-home options)
• Conducted mass vaccination programs for employees and their families
• Distributed face masks, gloves, PPE kits, food, water, dialysis machines, and oxygen concentrators to hospitals
• Assisted in infrastructure development of a government primary school

Governance Achievements

• Adoption of highest standards of corporate governance and a risk management framework
• Established a comprehensive framework for identifying and mitigating internal and external risks

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and subsequent lockdowns disrupting business operations and the global economy
• Economic slowdown in India and globally
• Intensifying competition in the surfactants market

Mitigation Strategies

• Quick adaptation to changed circumstances and normalization of operations
• Implementation of strict standard operating procedures to protect employee health
• Adoption of work-from-home culture and data security measures
• Focus on bolstering competitive position through manufacturing capacities, product portfolio, and R&D
• Cost controlling measures to become a leaner and more agile organization
• Leveraging essential products portfolio catering to health and safety segment

Supply Chain Management

Responsible Procurement

• Responsible Sourcing Policy with focus on environmental and social aspects

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Indian Accounting Standards (Ind AS)

Third-party Assurance: Gokhale & Sathe, Chartered Accountants

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Community Development
• Employee Welfare
• Safety
• Health

Environmental Achievements

• Developed green belt area on land to plant nearly 10,000 trees around our plant
• Recycled heat energy to run waste heat boilers to reduce consumption of coal
• Installation of Bioreactors, Chemical ROs, Multiple effect evaporator, and Incinerator, among others to reduce the discharge of effluents
• Commissioning of Waste Heat recovery systems to ensure the Reduction, Recovery, and Reuse of effluents & GMP and other utilities

Social Achievements

• Distributed essential equipment and medicines related to radiology and COVID-19 pandemic to local hospitals
• Maintained a harmonious relationship with its workers
• Periodic skill development and training programmes are conducted for honing employee capabilities

Governance Achievements

• Established a robust risk management framework for identification and mitigation of key business risks
• Established a Vigil Mechanism and Whistle Blower Policy for its Directors and employees

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic
• Supply chain disruptions caused by the Russia-Ukraine war
• Volatility in commodity prices
• Steep increase in energy, logistics, and other input costs
• Inflationary pressures
• Fire incident at Silvassa plant

Mitigation Strategies

• Enhanced focus on cost optimisation, process efficiency, and new product development
• Strategic steps undertaken to ensure continued competitiveness, financial resilience, and business continuity
• Production disruption caused from the fire recouped from another plant at Pithampur
• Investing in new products, new capacities, new customers, and sharp cost-controlling measures to become a leaner and more agile organisation

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Increased use of solar and wind energy
• Improved energy efficiency across operations
• Tracking greenhouse gas emissions
• Significant energy and water conservation
• Efforts to manage chemical waste
• Proper disposal of hazardous waste
• Investment in green technologies
• Adoption of efficient manufacturing processes
• Targets set to reduce greenhouse gas emissions
• Investment in technologies and practices that mitigate emissions and improve air quality

Social Achievements

• Community development programs
• Partnering with local non-profits
• Supporting local schools and educational institutes
• Collaboration with local government bodies
• Organization of free medical camps
• Sponsoring environmental clean-up drives and tree-planting drives
• Launched a health program
• Implemented sustainability initiative for reducing the company's carbon footprint
• Conducted educational workshops
• Organised skill development programmes
• Undertook various animal welfare activities

Governance Achievements

• Comprehensive risk management framework
• Regular internal and external audits
• Whistleblower Policy
• Adherence to regulatory requirements and industry best practices

Climate Goals & Targets

Environmental Challenges

• Economic uncertainties
• Geopolitical tensions
• Supply chain disruptions
• Competition, pricing pressure, and government control on prices
• Risk related to economic and political situations
• Risk of regulatory actions due to noncompliance of quality standards
• Risk of litigation related to intellectual properties
• Risk of Market Volatility in Raw Materials
• Risk of delay in new product approvals
• Risk of international operations including forex risk
• Risk of cyber-attack on digital infrastructure
• Risk of supply chain vulnerability
• Risk of failure to achieve the objectives of large projects

Mitigation Strategies

• Expanding the current portfolio and introducing new products
• Advancing in the product value chain
• Executing various cost optimisation strategies
• Ongoing assessment of political and economic conditions
• Securing receivables via letters of credit or advance payments
• Ongoing assessment of relevant regulations
• Fostering a solid quality culture
• Integrating new technologies and automation
• Introducing a review mechanism
• Ensuring adherence to diverse statutory requirements
• Evaluating its production processes and exploring ways to improve resource efficiency
• Identifying alternative vendors
• Nurturing domestic suppliers
• Implementing a mechanism to thoroughly review all new product dossiers
• Promptly addressing queries raised by regulators
• Implementing a suitable hedging strategy
• Initiating efforts to reduce operational and strategic risk profiles
• Identifying critical excipients and other inputs
• Ensuring a pragmatic approach to valuation
• Regularly monitoring the implementation of key strategies

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• bio-based and biodegradable surfactants