Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Community Development
• Employee Well-being

Environmental Achievements

• Visible reduction in the use of water, energy and CO2 emissions within Sukhjit Factories.
• Producing biogas from process effluents, used for drying products and generating steam, reducing fossil fuel use.

Social Achievements

• CSR initiatives focusing on community development, girl's education, infrastructure support to educational institutions, support to the physically and mentally challenged, and healthcare.
• Covid-19 relief activities including tree plantation, plants distribution, organizing free healthcare camps, and distribution of free ration and blankets.

Governance Achievements

• Commitment to transparency and compliance with all applicable laws, rules, and regulations.
• Established a vigil mechanism and Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Global supply chain disruptions and runaway inflation due to the pandemic and geopolitical conflict.
• Higher corn and input costs.
• Uncertainty in the economic recovery.

Mitigation Strategies

• Actively managed customer contracts to address higher input costs.
• Investing in business and capitalizing on key trends.
• Focusing on building a strong bottom line.
• Government intervention in the form of duty cuts on imports, subsidies on fertilizers and cooking gas, duty cuts on fuels.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: VSAP & Associates Chartered Accountants

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced carbon footprint by utilizing biogas from process effluents to replace furnace oil and partially replace coal.
• Emphasized water conservation by reusing treated water in manufacturing processes and for irrigation, reducing groundwater withdrawal.
• Engaged with farmers to replace water-intensive paddy with corn cultivation.

Social Achievements

• Supported the establishment of several educational institutions, including a post-graduate college for women and six higher secondary schools.
• Undertook various healthcare initiatives, including blood donation camps, dental care camps, and eye care camps.
• Distributed free rations, blankets, and essential items to the poor and needy.

Governance Achievements

• Implemented a robust governance structure, drawing on global best practices and the guidance of the Board of Directors.
• Established a vigil mechanism and whistleblower policy.
• Formulated a risk management policy.

Climate Goals & Targets

Environmental Challenges

• Margin pressures due to higher raw material prices and increased energy costs.
• Geopolitical tensions and global disturbances affecting markets.
• Supply chain disruptions.

Mitigation Strategies

• Cost optimization measures.
• Reconfiguration of the business model.
• Investment in capacity expansion and modernization of facilities.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability
• Environmental Conservation
• Social Responsibility
• Ethical Leadership

Environmental Achievements

• Invested in converting biodegradable waste to energy, significantly lowering environmental impact.
• Utilize advanced effluent treatment technology that converts biomass into biogas, a renewable energy source.
• Operate a one-of-a-kind Steam Methane Reforming (SMR) plant, generating hydrogen from methane or biogas derived from water treatment process.
• Reduced carbon footprint through innovative waste-to-energy solutions and a commitment to resource recovery.
• Implemented water reuse strategies and collaborated with farmers to promote sustainable agriculture.
• Two production units implemented a zero liquid discharge mechanism.

Social Achievements

• Prioritised employees’ well-being by offering continuous learning and career growth opportunities.
• Fostered a positive work environment promoting professional development, work-life balance, and recognition for exceptional performance.
• Invested in modernising educational facilities, providing scholarships, and managing educational institutions, particularly for underprivileged girl students from rural areas.
• Collaborated with healthcare organisations to provide affordable medical services.
• Organised various community outreach initiatives such as free ration distribution and winter relief programs.

Governance Achievements

• Established a robust corporate governance framework ensuring transparency and ethical conduct.
• Established a vigil mechanism incorporating a Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Continued pressure on the prices of some high-value finished goods due to lower demand in certain sectors.
• Volatility in the price of raw materials such as maize.
• Change in climate patterns affecting the productivity of raw materials.

Mitigation Strategies

• Diversification of product mix to meet specific requirements of different market segments.
• Prioritised higher starch utilisation, striving for optimal performance, maximising operational efficiency, and boosting productivity.
• Adopting sustainable practices for raw material procurement.
• Strategic locations of manufacturing units to mitigate risk.
• Implementation of sustainable practices like water conservation, renewable energy adoption, replacement of fossil fuels with biomass, reduction in carbon footprint, waste management and tree plantation.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• droughts
• floods

Sustainable Products & Innovation

• Eco-friendly solutions for the paper industry
• Moisture-resistant solutions for pharmaceutical products
• High-yielding maize varieties