Chettinad Cement Corporation Limited
Climate Impact & Sustainability Data (2014-04 to 2015-03, 2014-2015)
Reporting Period: 2014-04 to 2015-03
Environmental Metrics
Environmental Achievements
- Reduced power consumption per ton of cement from 93.3 KWH/T to 90.41 KWH/T through various improvement steps (optimization of mills, reduced compressed air usage, interlocking system to avoid idle running).
Social Achievements
- Maintained cordial industrial relations; conducted seminars, counselling sessions, and training to improve manpower quality, increasing productivity and efficiency.
Governance Achievements
- Adopted a policy on prevention, prohibition, and redressal of sexual harassment at the workplace in line with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act 2013.
Climate Goals & Targets
Environmental Challenges
- Sluggish demand for cement resulting in a decrease in production and sales volume.
- Major constraints in the production process due to lack of continuous power supply.
Mitigation Strategies
- Excellent cost and operational management coupled with financial restructuring led to a net profit despite decreased sales.
- Initiated the process of installing a 16 MW captive thermal power plant to address power supply constraints.
- Issued equity shares on a rights basis to finance the captive power plant project.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2014-2015
Environmental Metrics
ESG Focus Areas
- Environmental Excellence
- Corporate Social Responsibility
- Industrial Safety
- Energy Conservation
Environmental Achievements
- Installation of latest pollution control equipment at all plants
- Achieved many laurels through awards for Environmental Excellence
- Continuous investment in energy conservation through various initiatives (detailed in the report)
- Installation of Waste Heat Generation Plant with a capacity of 7.3 MW at Kallur works
Social Achievements
- Social welfare work conducted in villages and towns around all plants
- Cordial industrial relations contributing to mutual development
- Total manpower count of 1483 as on 31.03.2015
- CSR expenditure of ₹3.46 Crores planned (2% of average net profits over three preceding years)
Governance Achievements
- Established vigil mechanism and policy (uploaded on company website)
- Framed Nomination and Remuneration policy (uploaded on company website)
- Constituted Corporate Social Responsibility Committee
- Annual performance evaluation of Board, Directors, and Committees
Climate Goals & Targets
Environmental Challenges
- Intense competition in the cement industry
- Capital-intensive nature of the cement industry leading to potential cost and time overruns in projects
- Regulatory action in respect of non-usage of jute bags in packing cement
Mitigation Strategies
- Leveraging expertise and capacity to increase market share and enhance brand equity
- Strengthening project management team and project accounting and governance framework
- Addressing the jute bag issue (details in Note 37 of the financial statements)
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: ISO 9001:2000, ISO 14001:2004, ISO 18001:2000
Awards & Recognition
- NATIONAL SAFETY AWARD
- MERIT AWARDS from Regional Directorate of Workers Education
- TAMILNADU FILM ARTS ASSOCIATION Shield
- NATIONAL PRODUCTIVITY AWARD
- BEST PRODUCTIVITY AWARD
- NATIONAL SAFETY AWARD (Mines)
- CONSERVATIONIST OF THE YEAR
- NCBM NATIONAL AWARDS
- TNEB ENERGY CONSERVATION AWARD
- MINISTRY OF ENERGY National Energy Conservation Award
- TAMILNADU GOVERNMENT AWARDS State Safety Awards
- NATIONAL AWARDS FROM NCCBM Best Environmental Excellence
- AWARDED THREE LEAVES by the Centre for Science and Environment
- Water Efficient Unit Award from CII
- Environment Health and Safety Best Practices Award from CII