Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Sustainability of Products & Services across Life-cycle
• Employees’ Well-being
• Stakeholders’ Engagement
• Human Rights
• Environment
• Responsible Policy Advocacy
• Inclusive Growth and Equitable Development
• Customer Value

Environmental Achievements

• Installation of roof-top solar photo voltaic panels at all manufacturing units, substantially reducing dependence on fossil fuels and CO2 emissions.
• Development of new resin manufacturing technology to avoid liquid effluent discharge.
• Treated water used for various purposes, reducing groundwater consumption.
• Use of wood-based wastes as raw material for particle board.
• Advanced technology used to make waste wood veneers usable as raw material.

Social Achievements

• Various employee recognition and recreation initiatives (long-service awards, family picnics, talent hunts).
• Vocational training center imparting carpentry training to local youth.
• CSR initiatives focused on healthcare, education, and environmental sustainability.
• Community development programs in health, education, skill development, sanitation, and livelihood.

Governance Achievements

• Whistle Blower Policy/ Vigil Mechanism in place to report unethical behavior and irregularities.
• Code of Conduct for Directors and Senior Management Executives.
• Annual review of overall BR performance by the BR Head.

Climate Goals & Targets

Environmental Challenges

• Availability of wood as a major raw material remains a critical challenge and sustainability concern.
• Counterfeit products in the market pose a risk to customers.

Mitigation Strategies

• Sustainable sourcing of raw materials (plantation timber, agro-forestry materials, face veneer instead of raw timber logs).
• Initiatives for setting up a veneer processing unit in Gabon to secure Okoume timber.
• Exploring alternative plywood species from Europe and other regions.
• Encouraging farmers to plant trees around their fields.
• Targeting fake products and packaging manufacturers through raids.

Supply Chain Management

Responsible Procurement

• Procuring machinery, spare-parts, consumables, and packing materials from medium and small scale manufacturers, preferably located close to manufacturing units.
• Sourcing supplies from self-help groups.
• Awareness sessions for suppliers on social and environmental issues.
• Providing managerial and technical assistance to suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business

Certifications: ISO 9001, ISO (unspecified), ILO, OSHA

Sustainable Products & Innovation

• BWR Decorative Veneer
• Powder-proof PF Plywood
• Non-leachable Fire Safe Plywood
• Zykron (Fibre cement composite board)
• Starke PVC board
• Anti-bacterial and anti-fungal laminates and plywood
• Modular door sets and Hector WPC door frames
• Fire-retardant non-leachable plywood branded as ‘firewall’
• MDF & Particle Board

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Sustainability of Products & Services across Life-cycle
• Employees’ Well-being
• Stakeholders’ Engagement
• Human Rights
• Environment
• Responsible Policy Advocacy
• Inclusive Growth and Equitable Development
• Customer Value

Environmental Achievements

• Introduction of ‘Virokill’ technology in most products, killing 99.99% of microbes.
• Introduction of ‘Firewall’ technology in plywood, certified best-in-class for fire retardancy.
• Increased focus on MDF & Particle Board, reducing wooden log usage.
• Installation of solar water heaters and STP plant, reducing water consumption.
• Expansion of solar roof-top panels, reducing fossil fuel dependence and CO2 emissions.
• Adoption of improved technology for producing anti-bacterial, anti-fungal and anti-viral laminates and plywood.

Social Achievements

• Launched ‘Centurion Buddy’, a whatsapp-based solution for addressing employee issues.
• Organized fitness and financial wellness sessions for employees.
• Sponsored employee participation in marathons.
• Provided ex-gratia financial assistance to employees for marriage and childbirth.
• Provided Covid health insurance to employees.
• Imparted carpentry training to local youth through vocational training center.

Governance Achievements

• Adopted and implemented various policies and codes for good corporate governance.
• Implemented a Whistle Blower Policy/ Vigil Mechanism.
• Developed a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.
• Approved and adopted an ‘Anti-Bribery and Anti-Corruption Policy’.

Climate Goals & Targets

Environmental Challenges

• Availability of wood as a raw material.
• Covid-19 pandemic.
• Counterfeit products in the market.

Mitigation Strategies

• Managed raw material scarcity sustainably.
• Developed Virokill technology for antiviral protection.
• Developed Firewall technology for fire retardant plywood.
• Increased focus on MDF & Particle Board using residual wood.
• Implemented various safety measures and provided Covid health insurance to employees.
• Targeted fake products and packaging manufacturers through raids.

Supply Chain Management

Responsible Procurement

• Procuring machinery, spare-parts, consumables and packing materials from medium and small scale manufacturers/ suppliers.
• Sourcing supplies from self-help groups.
• Conducting awareness sessions for suppliers on social and environmental issues.
• Providing managerial and technical assistance to suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business

Certifications: ISO 9001, ISO, ILO and OSHA (mentioned as conforming to the spirit of these standards)

Sustainable Products & Innovation

• Virokill technology
• Firewall technology
• MDF & Particle Board
• Zykron
• Starke

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced coal consumption in operations by nearly 6% (YoY) through substitution with biomass fuel, against an average 15% increase in production volume.
• 13% of total electricity generated from renewable sources.
• Zero Liquid Discharge implemented at all facilities in India.

Social Achievements

• Distributed 20,49,600 samplings to 2,808 farmers around manufacturing locations to plant eucalyptus and other trees.
• Various initiatives for employee well-being, including health check-ups, medical assistance, and training programs.
• Robust grievance redressal mechanism for employees and workers.

Governance Achievements

• Implementation of an anti-corruption and anti-bribery policy.
• Board level Risk Management Committee responsible for decision-making on sustainability-related issues.

Climate Goals & Targets

Environmental Challenges

• Rising costs of raw materials, energy, and transportation.
• Increasing competition in the market.
• Improper management of chemicals like formaldehyde.
• Rising temperatures posing physical risks like floods and forest fires.
• Risk of sourcing from suppliers with unethical business misconduct.

Mitigation Strategies

• Installation of renewable energy captive power plants (Solar) in all facilities.
• Use of biomass feed in Thermic Fluid Heaters (TFH).
• Integration of technology for reduction of energy intensity in the production process.
• Backward integration to ensure traceability and accountability in the supply chain.
• Supplier onboarding process assessing compliance with ESG parameters.

Supply Chain Management

Responsible Procurement

• Sustainable sourcing practices, including using certified products and reducing net deforestation.
• Assessment of suppliers on compliance with ESG parameters.

Climate-Related Risks & Opportunities

Physical Risks

• Floods, forest fires

Transition Risks

• Increasing stringent regulations for adaptation of renewable energy and volatile energy costs

Reporting Standards

Frameworks Used: SEBI's prescribed framework

Certifications: ISO 45001:2018, ISO 14001:2015, ISO 9001:2015, Greenguard, FSC, CARB, LEED Platinum

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Human Rights
• Ethical Practices
• Community Welfare

Environmental Achievements

• ~98% of timber sourced through agroforestry practices.
• Significant reduction in energy and emission footprint through various initiatives (e.g., renewable energy installation, energy-efficient equipment).

Social Achievements

• Zero cases of human rights violation reported.
• Various initiatives for employee well-being (e.g., health insurance, training programs).
• CSR initiatives focusing on education, livelihood development, and community welfare.

Governance Achievements

• Established Code of Conduct promoting integrity and accountability.
• Board level Risk Management Committee oversees sustainability-related issues.

Climate Goals & Targets

Environmental Challenges

• Chemical management (formaldehyde risks).
• Climate change (physical risks, energy costs, regulations).
• Responsible supply chain (unethical practices by suppliers).
• Water and effluent management (water scarcity).
• Occupational Health & Safety (OHS) risks.

Mitigation Strategies

• Use of turbo air ventilators, exhaust fans, reduction in chemicals consumed per kg of product.
• Installation of renewable energy plants, use of biomass fuel, energy intensity reduction.
• Backward integration, supplier assessments, traceability and accountability.
• Rainwater harvesting, ETPs and STPs for water reuse.
• Frequent OHS training drills, maintenance of health and safety measures.

Supply Chain Management

Responsible Procurement

• Sustainable sourcing (~98% of timber from agroforestry), supplier assessments, traceability and accountability.

Climate-Related Risks & Opportunities

Physical Risks

• Floods, droughts, forest fires

Transition Risks

• Stricter regulations on renewable energy, volatile energy costs

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 45001:2018, ISO 14001:2015, ISO 9001:2015, Greenguard, FSC, CARB, LEED Platinum (Head Office)

Third-party Assurance: BDO India LLP (Limited Assurance)

Sustainable Products & Innovation

• Borer Proof Plywood
• Boiling Water Resistant (BWR) Decorative Veneers and Laminates
• CARB Resin