Elgi Rubber Company Limited
Climate Impact & Sustainability Data (2020-04 to 2021-03, 2021-04 to 2022-03, 2023-24)
Reporting Period: 2020-04 to 2021-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Supply chain disruptions due to the COVID-19 pandemic and lockdowns.
- Volatility in raw material prices.
- Fluctuations in foreign exchange rates.
Mitigation Strategies
- Sustained cost reduction measures.
- Effective planning in raw material purchasing.
- Natural hedging to minimize foreign exchange fluctuation risk.
- Appropriate insurance for all assets.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021-04 to 2022-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Volatility in raw material prices
- Fluctuations in foreign exchange rates
Mitigation Strategies
- Effective planning in raw material purchasing and the ability to pass on raw material price increases
- Proper planning and natural hedging
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023-24
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Volatility in raw material prices
- Fluctuations in foreign exchange rates
- Slowdown in the European economy
Mitigation Strategies
- Aggressive cost reduction and reorganization
- Effective planning in raw material purchasing
- Ability to pass on raw material price increases
- Proper planning and natural hedging