Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Adverse market scenarios
• Industry-wide cost pressures due to the US-China trade war and increased raw material costs from China
• Economic and political uncertainties in LATAM and long working capital cycles
• Exchange rate fluctuations
• Patent laws and potential delays in product registrations
• Changes in government policies related to agriculture
• Unpredictable weather conditions (droughts, reduced pest attacks)
• Pest resistance development reducing product life
• Pollution control measures in China

Mitigation Strategies

• Improved balance sheet and cash flow positions, comfortable working capital cycles, debt-free organization
• Diversified supplier base in China to minimize dependence on any single supplier
• Strategically decreased dependence on LATAM business
• Plain vanilla hedge against orders to reduce foreign exchange exposure
• Continuously obtaining registrations for new products
• Focus on sales from NAFTA and European regions
• Internal controls review by a leading external agency
• Effective compliance management system

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Multiple manufacturers mainly in China, various formulators mainly from Europe and the US

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Social Achievements

• The Company encourages, protects and recognises ‘Whistle blowing’ to prevent brand and reputational risks and also has zero tolerance policy for statutory non-compliance.
• The Company is dedicated to using ethical business practices that are good for the community, the workforce, and human capital. Clean, safe, healthy, and equitable working conditions are offered to employees and business partners. Also, the Company supplies affordable quality products across the globe.

Governance Achievements

• Sharda Cropchem has obtained ISO 9001:2015 for ‘The Quality Management System’. The Company has also obtained ‘Certificate of Recognition’ for one Star Export House which is certified by Directorate General of Foreign Trade. Further, Company is also received Registration-Cum-Membership-Certificate’ from Federation of Indian Exports Organisations.

Climate Goals & Targets

Environmental Challenges

• Climate change and predicting the demand for certain chemicals is complex.
• Delay in product registration & extension of patents may cause delays in commencing business activities.
• The value chain of the Company’s business comprises people, systems, processes, external and internal events, legal and compliance risk.
• Changes in Government policies might affect the Company’s decisions.

Mitigation Strategies

• Sharda Cropchem hold decades of experience in Agrochemical industry, and has gained strong insights about the countries, where it operates.
• The Company has taken measures to cover patent extension risk, by seeking multiple registrations from different geographies.
• The Company has taken measures to cover patent extension risk by seeking multiple registrations from different geographies.
• The Company’s global presence empowers it, allowing it to operate without restrictions in any specific country.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental impact
• Supply chain transparency
• Regulatory compliance
• Community engagement
• Customer communication
• Delay in product registration & license

Social Achievements

• 80% return to work and retention rate of female permanent employees who took parental leave

Governance Achievements

• Implemented an Anti-Bribery & Anti-Corruption (ABAC) policy

Climate Goals & Targets

Environmental Challenges

• Operations and product use can contribute to pollution, resource depletion, and climate change.
• Lack of transparency can lead to reputational damage, ethical concerns, and supply chain disruptions.
• Non-compliance can lead to legal penalties, market restrictions, and reputational damage.
• Delay in product registration & license can impede business operations.
• Variations in formulations and generic active ingredients across different countries pose elevated risks.

Mitigation Strategies

• Implementing sustainable practices, reducing energy and water consumption, investing in cleaner technologies.
• Implementing traceability systems for goods, conducting audits of suppliers for ethical practices, engaging with suppliers on sustainability initiatives.
• Staying updated with local and international regulations, investing in compliance monitoring and reporting systems, engaging with regulatory bodies proactively.
• Incorporating measures to mitigate the risk of product registration and license delays by pursuing multiple registrations across various geographical regions.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sourcing resources from manufacturers who adhere to sustainability guidelines

Climate-Related Risks & Opportunities

Awards & Recognition

• Certificate of Recognition for three Star Export House