Climate Change Data

20 Microns Limited

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

Reporting Period: 2021-04 to 2022-03

Environmental Metrics

Water Consumption:163 kld per day

ESG Focus Areas

  • Sustainability

Environmental Achievements

  • Installed solar power plants at Vadadala facility with an annual production capacity of 500 kva, reducing carbon footprint.
  • Undertook a feasibility study of setting up solar power plants across all manufacturing facilities.
  • Embarked on building a water recycling facility at Bhuj plant, expected to reuse over 80% of water used.

Social Achievements

  • Launched various Employee Engagement Initiatives.
  • Conducted online sessions with employees on health and safety.
  • Introduced 41 new products in FY22 (32 through 20 Microns Nano Limited and 5 under 20 Microns Limited, plus 4 new products under Minfert in the organic fertilizer segment).

Governance Achievements

  • Came out of CDR (Corporate Debt Restructuring) during the year.

Climate Goals & Targets

Long-term Goals:
  • Build a resilient and sustainably profitable company
  • Expand global presence
  • Enhance product offtake and brand value
  • Develop innovative sourcing strategy
  • Strengthen stakeholder relationships
Medium-term Goals:
  • Drive sustainability through transformation
  • Transform revenue mix by focusing on value-added products
  • Build cost efficiency through technology adoption
  • Invest in captive power generation
  • Increase ROIC (Return on Invested Capital)
Short-term Goals:
  • Stabilize operations
  • Deliver on short-term cash conservation targets and debt reduction.

Environmental Challenges

  • Abnormal cost inflation.
  • Challenging logistics environment.
  • Abrupt and absurd rise in ocean freight.
  • Logistical challenges beyond company control.
Mitigation Strategies
  • Exceptional savings despite cost inflation.
  • Continued supply of raw material despite logistics challenges.
  • Changed sourcing strategy from need-based to bulk sourcing.
  • Bulk import of finished raw material from Vietnam subsidiary.
  • Better planning, real-time coordination, bulk orders, and better freight management.

Supply Chain Management

Responsible Procurement
  • Creating a world-class operation that delivers sustainable and competitive results through creativity and collaboration with suppliers.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Mineral-based fertilizers
  • Waterproofing products
  • Import substitute products

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Water Consumption:163 kld per day

ESG Focus Areas

  • Sustainability
  • Innovation
  • Customer Focus

Environmental Achievements

  • Successful water treatment plant implementation, allowing reuse of wastewater.
  • Operationalized a solar plant.
  • Developed a portfolio of sustainable solutions across industries.
  • Reduced GHG Emissions from 159.91 KgCO2e per tonne of production in 2021-22 to 148.58 KgCO2e per tonne of production in 2022-23 at our Alwar plant.
  • Reduced emissions by 4.39% at our Alwar plant under Normal Production Quantity.

Social Achievements

  • Considerable decline in machine-related incidents without fatalities.
  • Organized unique events focused on the well-being of our employees and mother nature, on employee engagement and customer engagement.
  • Tree-planting initiative across all manufacturing units.
  • Yoga event for employees and their families.
  • CSR expenditure: `97.25 lakhs

Governance Achievements

  • Achieved 98% Score in TFS Audit (Together for Sustainability) for our Alwar plant.
  • Received Letter of Commitment from United Nations Global for commitment towards the principles of Human Rights, Labour, Environment and Anti-corruption.
  • Received ISO 45001 and ISO 14001 2015 for our Alwar manufacturing unit.

Climate Goals & Targets

Long-term Goals:
  • Become a frontrunner in promoting sustainability within our industry.
Medium-term Goals:
  • Generate sizeable cost savings, yield incremental revenues, and boost profitability by the end of FY26.
Short-term Goals:
  • Reduce carbon footprint further.
  • Expand wallet share for existing clients and acquire new customers.

Environmental Challenges

  • Inflation and uncertainty.
  • Russia’s invasion of Ukraine exacerbated pressure on global markets and supply chains.
  • Recessional fears.
  • Challenges in a couple of quarters.
  • Ever-changing dynamics of the international market, increasing geopolitical tensions, and mounting foreign exchange pressures in certain countries.
  • Significant slowdown in key market, Europe.
Mitigation Strategies
  • Efficient planning and strong execution.
  • Strategic measures to maintain growth trajectory.
  • Streamlining operations, optimizing sourcing and raw material management, adapting to the external landscape.
  • Rationalizing and optimizing operational and cost structures.
  • Revamping processes and implementing advanced technologies to enhance productivity and capacity.
  • Automating production line feeding, synchronizing classification systems, integrating the supply chain, and automating other manufacturing processes.
  • Dedicated marketing strategies and multifaceted approach to establish a strong brand image and reputation in international markets.
  • Analysing sales patterns and pricing based on export data.
  • Introducing new specialty products targeted at key international markets.
  • Expanding into new regions through distributor contracts.
  • Realigning distributor arrangements.
  • Negotiating toll manufacturing contracts.

Supply Chain Management

Responsible Procurement
  • Communication of supplier code of conduct to suppliers, conducted virtual training, incorporated sustainable procurement requirements in supplier’s assessment and on-site audits

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Sustainable Products & Innovation

  • mineral based agrochemicals

Awards & Recognition

  • Winner category award in GHKC - GreEnv Contest 2022-23