Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced carbon footprint by 5.73% in one year
• Reduced greenhouse gas emissions by 23% over 4 years
• Lead-free raw materials used for manufacturing plumbing pipes for drinking water
• Installation of Sewage Treatment Plant in all plants to recycle & reuse sewage water
• Rainwater harvesting implemented at multiple plants
• Solar rooftop panels installed across manufacturing facilities
• Procurement of green (wind) energy at Chennai plant

Social Achievements

• Airlifted oxygen concentrators to hospitals during COVID-19
• Developed and distributed contactless sanitizer dispensers
• Distributed groceries and masks at manufacturing facilities
• Offered free personal accidental insurance cover worth Rs. 5 lakhs to plumber associates
• Operation Sadbhavna: Distributed Storefit water tanks to villages along LOC, Kashmir
• Conducted 367 training sessions totaling 10071 hours

Governance Achievements

• Established various Board Committees (Audit, Risk Management, Nomination & Remuneration, Stakeholder Relationship, CSR, Finance)
• Implemented a Whistle Blower Policy
• Adherence to Code of Conduct for Directors and Senior Management
• Zero tolerance for bribery and corruption

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on operations and communities
• Noise pollution from manufacturing processes

Mitigation Strategies

• Swift adaptation to support employees during the pandemic (work-from-home, sanitation measures)
• Implemented noise reduction solutions and provided personal protective equipment (PPE) to employees

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Focus on domestic supply base
• Regular supply audits

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core Option

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018

Sustainable Products & Innovation

• EASYFIT RE
• CABLEFIT
• GREENFIT PP-R systems
• Lead-free plumbing pipes

Awards & Recognition

• INEX Brand of the Year Award for Water Technologies Pipes, 2021
• Economic Times Polymers Award for ‘Next Generation Leader’ (Nihar Chheda), 2021

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Total Carbon footprint generation reduced from 52,137 MT in FY-21 to 49,645 MT in FY-22, i.e., reduction of 4.8%
• Renewable source of energy increased from 10.71% in FY-21 to 15.96% in FY-22 i.e., growth by 51%
• STP installed capacity in all plants increased from 87KLD to 205KLD to improve water recycling capacity i.e., increased by ~136%

Social Achievements

• Donated INR 50 lakhs to Shree Kutch Don Mumbai Mahajan School for new classrooms, science lab, drinking water facility, and CCTV cameras
• Distributed 75 units of 500-litre Storefit water tanks to villages along the LOC in Kashmir with the Indian Army
• Organized vaccination drives in Hyderabad for dealers and plumbers
• Launched Shram Ka Sammaan Campaign on World Plumbing Day 2022 across multiple cities
• Provided over 5,000 loyal plumbers with accidental insurance policies
• Launched “The First Prince Udaan Scholarship Program In Ludhiana” for children of plumbers

Governance Achievements

• Improved long-term CRISIL rating from A (Positive) to A+/Stable and short-term rating from A1 to A1+
• Achieved long-term debt-free status since March 2021

Climate Goals & Targets

Environmental Challenges

• Input cost headwinds impacting profitability
• Supply chain disruptions

Mitigation Strategies

• Targeted cost measures, inventory management, and strategic sourcing
• Long-term contracts with suppliers and efficient inventory management

Supply Chain Management

Responsible Procurement

• Preference for local suppliers
• Emphasis on ethical business practices and social responsibility

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Vent Cowl PVC Jalli
• Inspection Chamber 600mm
• Manhole chamber 1000mm

Awards & Recognition

• Gold medal in the 8th edition of National Awards for Manufacturing Competitiveness (NAMC) 2021
• Best Channel Loyalty Program award at The Customer Fest Leadership Awards 2022
• Most Preferred Building Materials Company by Global Real Estate Congress
• Fortune India 500 company

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• CO2 per Kg of production reduced from 0.394 in FY 2023 to 0.361 in FY 2024 (8.4% reduction)
• Renewable sources of energy increased by ~20% YoY in FY 2024
• Haridwar plant achieved Greenhouse Gas Emission Certification as per ISO 14064-3:2019 (Scope-1, 2 & 3)

Social Achievements

• Launched skill and health initiative for plumbers in Delhi and Solan in collaboration with Empower Pragati
• Implemented initiative in Chomu, Rajasthan with Ambuja Cement Foundation to improve access to safe drinking water
• Improved water access & farm livelihood in Sangareddy, Telangana with Mahita Organisation
• Enhanced community well-being in Jaipur and Sangareddy with United Way of Mumbai

Governance Achievements

• Acquisition of Aquel bathware brand and manufacturing facility
• Implementation of robust internal control system
• Strong emphasis on manufacturing processes resulting in IMEA’s Silver Certificate of Merit for Dadra plant

Climate Goals & Targets

Environmental Challenges

• ERP transitioning challenges impacting volumes, product mix, and pipe-fitting ratios
• Raw material price fluctuations
• Industry competition
• Safety risks in manufacturing
• Logistical and supply chain disruptions
• Counterfeit products
• Adverse exchange rate fluctuations
• Evolving regulations and policies

Mitigation Strategies

• Efficient supply chain management and cost-effective measures
• Strategic inventory management
• Diverse branding efforts and volume growth
• High safety standards and regular audits
• Regular process reviews and supplier collaboration
• Decisive actions against duplicity and surprise raids
• Systematic assessment of exchange rate exposure and financial instruments
• Stringent governance practices and compliance monitoring

Supply Chain Management

Responsible Procurement

• Technical and financial capability assessment
• Ethical business practices
• Product quality checks
• Pricing advantage

Climate-Related Risks & Opportunities

Opportunities

• Harnessing the potential for direct cost savings and heightened resource efficiency through energy management and renewable energy sources

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, WRAS, NSF, BIS

Sustainable Products & Innovation

• Duratap (PTMT material)
• Terrafit (Subsurface drainage pipes)

Awards & Recognition

• IMEA’s Silver Certificate of Merit for Dadra plant
• IMEXI Commitment Prize for Athal plant