Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Sustainability
• Environmental Sustainability
• Human and Social Sustainability

Environmental Achievements

• Commissioned a continuous Metallization furnace at our Metallized Ceramics Plant, Hosur, reducing environmental impact.
• Commissioned a gas treatment facility at VAW, Russia, to neutralise emissions.
• Transitioned from liquid fuel to natural gas in all kilns used for ceramic sintering, significantly reducing emissions.
• Implemented net water positive programs including rainwater recharging systems, zero discharge, and water recycling.

Social Achievements

• Launched ‘PACE’ (Platform for Accelerated Career Experience) program for employee development and engagement.
• Implemented several initiatives to ensure the physical and mental well-being of team members, including counseling and health awareness programs.
• Opened factory kitchens to underprivileged during the pandemic, contributed to relief funds, and provided vaccination camps.

Governance Achievements

• Maintained high standards of Governance & Transparency by measuring & reporting sustainability performance to all stakeholders.
• Adhered to Compliance requirements beyond the letter of law, together with a robust Risk Management system.

Climate Goals & Targets

Environmental Challenges

• Global COVID-19 pandemic causing havoc in lives and economies.
• Supply chain disruptions due to the pandemic.
• Volatility in raw material prices.
• Market upheavals.

Mitigation Strategies

• Built new capabilities in plant and processes, creating dynamic people assets and innovative product streams.
• Deployed new strategies for business growth and creating shareholder value.
• Implemented rigorous cost management efforts.
• Efficient liquidity management backed by a robust collection system and prudent working capital management.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Metallized Cylinders (replacing environmentally hazardous SF6 interrupters)
• FRP Composite rebar (sustainable alternative to steel)
• Water-soluble metal working fluids

Awards & Recognition

• Certificate of Merit from SAFA
• Significant Achievement in HR Excellence from CII
• TPM Excellence Award from JIPM
• Various other awards for TPM, EHS, and quality

Environmental Metrics

ESG Focus Areas

• Sustainability
• Energy Conservation
• Emissions Reduction
• Waste Reduction
• Water Conservation
• Employee Well-being
• Community Development
• Human Rights
• Diversity & Inclusion

Environmental Achievements

• 25% reduction target in energy, waste, emissions, and water intensity by 2025
• Commissioned solar power units at various factory locations (1.5 MWp previously installed)
• Achieved fuel savings through automation and heat recovery
• Conversion of liquid fuel furnaces to natural gas, reducing sulfur emissions
• Development of synthetic Brown Fused Alumina, reducing CO2 emissions by 90%
• EcoVadis Bronze rating for sustainability initiatives (Electrominerals division)
• AS9100 International Certification (Electrominerals division)

Social Achievements

• Acquired PLUSS, AWUKO, and RHODIUS Abrasives
• CUMI Centre for Skill Development (CCSD) trained 285 students (17 girls)
• Supported Vellayan Chettiar Higher Secondary School (VCHSS)
• CUMI-AMM Foundation Mobile Medical Van provided medical care to over 20,400 people
• Community initiatives around plant locations (approx. ₹10 million contribution)
• Almost 100% vaccination rate for staff and their families
• CUMI Leadership Programme (CLP) and Business Leadership Programme (BLP)
• CUMI Superstar program for supervisory staff
• Deloitte's 'Best Managed Companies' recognition

Governance Achievements

• Upgraded and automated Enterprise Risk Management (ERM) framework
• Redefined Risk Management Governance structure
• Defined roles and responsibilities for risk management organization
• Common taxonomy for risks
• Redefined risk assessment scales for impact and likelihood
• Introduced the scale of velocity, enabling organization to assess the need for crisis plans
• Annual performance evaluation of Board, Directors, and Committees

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic (second wave)
• Russia-Ukraine conflict
• Skyrocketing input and freight costs
• Supply chain disruptions
• Geopolitical tensions
• Inflationary pressures
• Raw material availability issues
• Logistics challenges
• Higher fuel costs
• Declining bauxite quality

Mitigation Strategies

• Vaccination drives and COVID care policy
• Agile expansion of processing facilities
• Innovative means to maintain revenue growth and profitability
• Cash conservation efforts
• Alternate product development
• Capacity enhancements
• Acquisitions of PLUSS, AWUKO, and RHODIUS Abrasives
• Prudent sourcing and optimizing throughput in production
• Shift from Bauxite-based to synthetic alumina
• Bulk sourcing of materials
• Price corrections
• Cost savings and alternate vendor/material development
• Automation and digital initiatives
• De-bottlenecking existing capacities

Supply Chain Management

Responsible Procurement

• Sustainable sourcing practices
• TPM techniques training for vendors
• Vendor financing options

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Metal working fluids (water soluble)
• Recyclable 'Fero' Grinding Wheel
• Recycled grains in Chop-saw wheels
• CERY rolls (recycled yarn)
• Wearable Coated Abrasive cloth
• Synthetic Brown Fused Alumina
• Wear Resistant Ceramics and Composites
• Metallized Cylinders
• Engineered Ceramics for Solid Oxide fuel cells

Awards & Recognition

• Deloitte's 'Best Managed Companies'
• CII Six Sigma National Competition (Platinum Winner)
• Industry Excellence Award (Electrominerals division)
• EcoVadis Bronze and Silver medals (Ceramics division)
• SEEM National Energy Management Award (Gold)
• Safety Award (Silicon Carbide Plant)
• Young Managers Award (EMD team)
• Leader of Environmental activities in Russia-2020 (VAW)
• CII POKA YOKE competition (Gold)
• CII 3M Competition (Silver)
• CII National Office Innovation Competition (Silver)
• QCFI Kaizen Competition (Platinum and Silver)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Conservation
• Waste Reduction
• Energy Efficiency
• Employee Well-being
• Community Development
• Human Rights
• Supply Chain Sustainability
• Corporate Governance

Environmental Achievements

• Reduced CO2 emissions by 13% from the previous fiscal year.
• Increased renewable energy share to 11% of total energy consumption.
• Recycled 313 metric tons of plastic packaging waste.
• Reduced water intensity by 17% from the previous fiscal year.

Social Achievements

• Implemented YOLO 2.0 and CUMI SEAD programs for employee learning and development.
• Maintained cordial relationships with employees and unions.
• Conducted CSR activities benefiting approximately 24,529 individuals, with 80% from marginalized communities.
• Received several awards for managerial excellence, energy conservation, and HR excellence.

Governance Achievements

• Implemented a robust risk management process.
• Established a cybersecurity framework.
• Maintained compliance with all applicable laws and regulations.
• Conducted regular Board evaluations.

Climate Goals & Targets

Environmental Challenges

• Global economic uncertainties due to the Russia-Ukraine conflict and inflation.
• Supply chain disruptions and raw material shortages.
• Increased energy costs.
• Competition from cheap imports.
• Subdued performance in China and the Middle East.

Mitigation Strategies

• Implemented cost control initiatives, including design-to-value and automation.
• Expanded distribution networks and enhanced digital marketing.
• Invested in capacity expansions and new product facilities.
• Improved operational efficiencies and product mix.
• Minimized operations in challenging geographies.

Supply Chain Management

Responsible Procurement

• Due diligence in supplier selection
• Sustainable sourcing practices
• Engagement with marginalized suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water scarcity

Transition Risks

• Regulatory changes
• Increased carbon taxes

Opportunities

• Development of energy-efficient products
• Growth in clean energy technologies

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 14001, ISO 9001, ISO 45001, ISO 50001 (some plants), EN 9100-2018

Awards & Recognition

• MMA Award for Managerial Excellence 2022
• IEI Industry Excellence Award 2022
• Kerala State Energy Conservation Award 2022
• CII Significant Achievement in HR Excellence certification