Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed pollution control equipment to reduce emissions
• Prioritized the use of relatively clean LPG over high-sulphur liquid fuels
• Manufactured products that are environmentally friendly and recyclable
• Enhanced tree plantation initiatives across manufacturing units
• Invested in cutting-edge technologies to lower energy consumption
• Installed a 1 MW solar plant for captive energy consumption

Social Achievements

• Conducted comprehensive training programs to educate workers on safety measures
• Established standard operating protocols to enhance employee safety
• Organised health camps providing free health check-ups as part of its commitment to employee wellness
• Offered detailed education and training programs on the hazards associated with handling toxic chemicals
• Prioritised safety through proactive measures, including a well-defined safety policy, regular awareness initiatives, periodic performance reporting, recruitment of experienced professionals, comprehensive training, mock drills, and investment in state-of-the-art equipment
• Appointed a dedicated safety officer to reinforce commitment to employee health and safety, ensuring compliance with industry standards and best practices

Governance Achievements

• Appointed experienced and independent directors
• Established a Whistle blower mechanism enabling employees to report concerns directly to the Chairman of the Audit Committee
• Addressed investor complaints promptly and efficiently
• Promoted real-time internal audit engagement with auditors, submitting quarterly audit reports to the Audit Committee and Board, along with an Action Taken report
• Developed policies in accordance with the Companies Act and SEBI regulations to ensure compliance and uphold good governance practices
• Conducted separate meetings of Independent Directors to evaluate the performance of individual Directors and the Board
• Provided the Board with updates on statutory and regulatory amendments from various government departments
• Maintained transparent communication with shareholders, ensuring that all price-sensitive information was disclosed through official announcements to the stock exchanges

Climate Goals & Targets

Environmental Challenges

• Inadequacy to meet demand for color-coated sheets due to rising demand
• Raw material scarcity impacting production of color-coated sheets
• Lower product demand due to buyers anticipating further price declines

Mitigation Strategies

• Improved asset utilization by increasing process speed while maintaining quality standards
• Diversified raw material sourcing channels
• Monitored the market, maintained close engagement with distributors, optimized in-trade inventory, and adjusted production levels

Supply Chain Management

Responsible Procurement

• Sourcing 40% of hot rolled coil and Galvalume requirements from two of India’s largest primary steel manufacturers
• Sourcing around 60% of key indigenous raw materials within a 500-km radius

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UNGC

Certifications: ISO 9001-2015

Sustainable Products & Innovation

• Aluzinc roofing