Madhya Bharat Agro Products Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:26263.35 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:15275.68 tCO2e/year
Scope 2 Emissions:10987.67 tCO2e/year
Water Consumption:423050.43 kilolitres/year
Waste Generated:126913.69 tons/year
ESG Focus Areas
- Environmental Footprint (Water and Waste Management)
- Corporate Governance
- Workforce Well-being
- Community Development
- Human Rights
Environmental Achievements
- Implemented a zero liquid discharge policy
- Created a green belt over 35% of premises
- Installed solar lights and LED lighting across plants
- Established rainwater harvesting structures
- Planted 16,540 trees within premises
- Collection of torn HDPE bags and metal scrap
Social Achievements
- Farmers Training Programmes, Jeep Campaigns, and Mass Contact Programmes
- Developed a dedicated mobile App, Krishi Yodha
- Introduced SSP and NPK products in Haryana, Punjab, and Rajasthan
- Ventured into organic fertilizers
- Implemented various measures to motivate and recognise employee contribution
- Developed specialised training programmes to address skill gaps
- Established an internal complaint committee for addressing workplace issues
- Provision for free education
- Food distribution drives
Governance Achievements
- Adherence to governance frameworks aligned with relevant laws and regulations
- Implemented SAP for better MIS & monitoring
- Established a Stakeholder Committee to address investor complaints
Climate Goals & Targets
Environmental Challenges
- Water scarcity
- Inadvertent non-compliance to regulations around recycling
- Risks associated with strong corporate governance
- Changing expectations of the workforce
- Safety risks in manufacturing operations
- Demand variation due to monsoon pattern
- Variations in input costs
- Government regulations
- Potential threat of new entrants
- Volatility in raw material prices and foreign exchange rates
Mitigation Strategies
- Employee education around saving water, more efficient use of water in campuses, Rain water harvesting, recycling of waste water
- Reduction in waste generation, maximization of recycling and reuse
- Strong corporate governance practices
- Supporting employees through various measures (vaccination centers, hospital support, increased insurance coverage)
- Adherence to safety standards, highest operational standards for handling hazardous materials
- Long-term agreements with domestic and overseas suppliers for rock phosphate
- Backward integration and developing manufacturing facilities for raw materials
- Risk Management Committee
- Risk Management Policy
- Long-term supply agreement for Raw Material, identifying new sources
Supply Chain Management
Supplier Audits: 67% of suppliers covered in responsible sourcing program
Responsible Procurement
- Social, ethical and environmental performance factors considered in supplier selection
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Organic fertilizers (PDM, Prom, Casma)
- Water-Soluble Fertilizers
- Different types of imported fertilizers
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:22984.358 + 17980.334 = 40964.692 tCO2e/year
Scope 1 Emissions:22984.358 tCO2e/year
Scope 2 Emissions:17980.334 tCO2e/year
Total Energy Consumption:228977.77 GJ/year
Water Consumption:541433.19 kl/year
Waste Generated:154507.32 tons/year
Carbon Intensity:0.5014 per rupee of turnover
ESG Focus Areas
- Environmental Footprint–Water management
- Environmental Footprint –Waste management
- Corporate Governance – Board oversight, Conflict of Interest, Ethics, Risk and Compliance, Succession Planning
- Changing expectations of the workforce and work environments
- Safety risk
Environmental Achievements
- Implemented “Reduce, Reuse, Recycle” concept for effective waste management
- Achieved zero liquid discharge across all campuses
- Optimizes water consumption through conservation, sewage treatment and reuse, and rainwater harvesting
Social Achievements
- Regular safety training programs
- Employee education around saving water
- Supported employees to navigate the pandemic seamlessly through measures such as vaccination centers, hospital support, increased insurance coverage, and more.
Governance Achievements
- Strong corporate governance is core to achieving the organization’s mission
- Established vigil mechanism policy for Directors and employees
Climate Goals & Targets
Environmental Challenges
- Water scarcity can impair the company’s operations and disrupt business
- Inadvertent non-compliance to existing and emerging regulations around recycling and the circular economy can result in economic penalties and reputation damage
- Strong corporate governance is core to achieving the organization’s mission and any risks can undermine stakeholder trust, damage reputation and disrupt business
- Continued employee preference to work out of remote locations on a long-term basis and our ability to grow profitably.
- The manufacturing operations of the Company require employees to interact with plant, machinery, and material handling equipment, all of which carry an inherent risk of injury
Mitigation Strategies
- Employee education around saving water, more efficient use of water in campuses, Rain water harvesting, recycling of waste water
- Reduction in waste generation, maximization of recycling and reuse
- Kindly refer to “Material aspects and company approach to them” in Corporate Governance Report
- We supported our employees to navigate the pandemic seamlessly through measures such as vaccination centers, hospital support, increased insurance coverage, and more.
- Adherence to safety standards, the Company’s Policy and highest operational standards for handling hazardous materials at plants
Supply Chain Management
Supplier Audits: 72% of suppliers are covered in the responsible sourcing program
Responsible Procurement
- The Company considers the social, ethical and environmental performance factors in the process of selecting suppliers