Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility

Environmental Achievements

• Continuously improving its manufacturing process and efficiency at its all plants and offices, to improve energy conservation and utilization. Emissions and waste generated are well within limits prescribed by the State Pollution Control Board.
• Company has its own developed adhesive design plant & glue formation process which help in low formaldehyde emissions.

Social Achievements

• Spent Rs.25.81 lakh towards corporate social responsibility (CSR) under Section 135 of the Companies Act, 2013 and rules thereon by way of contribution to schools and society for their development.
• Cordial relationship with workers and employees at all levels.

Governance Achievements

• Compliance with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India and approved by the Central Government under Section 118(10) of the Companies Act, 2013.
• Application of the Indian Accounting Standards (Ind AS) specified under Section 133 of the Companies Act, 2013, read with Companies (Indian Accounting Standards) Rules, 2015.

Climate Goals & Targets

Environmental Challenges

• Company’s operations and financial results for the year ended March, 2021 has been impacted by COVID-19 pandemic.
• Challenges still exists due possible future uncertainties related to COVID-19 pandemic.
• Global commodity inflation, unpredictable economy, volatile business environment, credit risk, cheaper product availability, prevailing competition from the unorganized sector are the various identifiable risks along with uncontrollable external factors.

Mitigation Strategies

• The Company has gradually observed the improvement in operations but the challenges still exists due possible future uncertainties related to COVID-19 pandemic.
• The Company is continuously monitoring any material changes in future economic conditions and consequent impact on its business, if any.
• Your company can respond and cautiously manage these risks by resorting to a conservative business policy and diligent business practices.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• eco friendly products

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Global supply chain and logistics disruption, container capacity constraints and geo-political tensions resulted in an increase in the freight costs and delivery times and higher commodity prices (e.g. Raw material).

Mitigation Strategies

• The Company’s plant operations continued to run smoothly, while ensuring adherence to necessary safety measures.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• Introduced a new range of eco-friendly panel products that have gained significant traction.
• Archidply received the Industry Trend Setter Power Brand in India award.
• Archidply products are specially treated to reduce levels of Formaldehyde Emission, making your home and office safe.
• Our products are specially designed so that they are not easily affected by termites, borer, fire, and water.
• Our products are “Green guard” certified, which ensures that the product is tested and evaluated to meet stringent chemical emission limits.
• Recipient of the prestigious “GREENGUARD Certification”. This certification ensures that a product has met some of the world’s most rigorous and comprehensive standards for low emissions of volatile organic compounds (VOCs) into indoor air.

Social Achievements

• The Company has always provided a congenial atmosphere for work to all employees that is free from discrimination of any kind. It has provided equal opportunities of employment to all without regard to the nationality, religion, caste, colour, language, marital status and sex.
• The Company has also framed policy on ‘Prevention of Sexual Harassment’ at the workplace.
• During the year under review, the Company organised numerous programmes to upgrade the skillset of its team to align then with the dynamic business requirements.
• The HR team is now focused on strengthening the leadership pipeline across various verticals.

Governance Achievements

• The guidelines are set by the Board of Directors who are responsible for the internal control system. They verify its adequacy, effectiveness and application thereafter.
• Your company has appointed an internal auditor to streamline the system and has adequate internal control systems to maintain accuracy in accounting and financial transactions and comply with rules and regulations.
• The internal control systems of the Company are monitored and evaluated by internal auditor and their finding & observations are reviewed by the Audit Committee.
• All related-party transactions are placed before the Audit Committee for review and approval. Prior omnibus approval of the Audit Committee and the Board is obtained for the transactions which are of a foreseen and repetitive nature. A statement giving details of all related-party transactions is placed before the Audit Committee for their noting/approval every quarter.

Climate Goals & Targets

Environmental Challenges

• High raw material cost: Despite having sufficient availability of tropical and hardwood forests, raw material costs, on average, are more expensive than competing countries. Further, the global supply chain problems and high crude prices are some of the reasons for high input costs in the industry in recent years.
• Lack of high-quality raw materials: Lack of quality raw materials is one of the challenges faced by the Indian plywood industry. Therefore, the industry must develop an efficient supply chain and procurement strategy.
• Competition from unorganised players: The organised sector accounts for only 1/3rd of the Indian plywood market. Low-quality non-innovative products typically characterise the unorganised sector. But the formalisation of the economy by introducing GST may help reduce the gap between unorganised and organised segments.
• Global supply chain and logistics disruption, container capacity constraints and geo-political tensions resulted in an increase in the freight costs and delivery times and higher commodity prices (e.g. Raw material).

Mitigation Strategies

• The Company’s plant operations continued to run smoothly, while ensuring adherence to necessary safety measures.
• We have been trying to create a balanced revenue model. From a product perspective, we have multiple product verticals which contribute to business progress. From a geographic standpoint, our presence in the domestic and international markets de-risk the business from adverse economic cycles.
• Our competent and experienced management team ensures that our business keeps going in the right direction. Our business credibility comes with the strategies devised by the management team that helps us effectively assist our clients while maintaining a growing topline and increasing profitability.
• We have a robust risk management framework to identify and mitigate risks arising out of internal as well as external factors. There is a formal monitoring process at unit and company level, wherein new risks are identified, categorised as per impact and probability, mapped to key responsibilities of select managers and managed with appropriate mitigation plan.

Supply Chain Management

Responsible Procurement

• We acquire raw materials from only highly reliable partners.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Eco-friendly panel products

Awards & Recognition

• Industry Trend Setter Power Brand in India award
• GREENGUARD Certification