Climate Change Data

Environmental Metrics

ESG Focus Areas

• Education
• Environment Sustainability
• Rural Development
• Employee Well-being
• Ethical Business Practices

Environmental Achievements

• Added another most effective and technically advanced Effluent treatment system at Processing unit in SIPCOT Perundurai enlarging our waste water treatment capacity.
• Established a new Advanced Technology Knitting Factory housing the contemporary imported knitting machines (Mayer & Cie) at Karumathampatti Unit.
• Advanced cold processing technology at our new state of the art processing unit reduces the water consumption by 30% and eliminates the usage of Salt completely.
• ETP at Processing Division has Zero Discharge System.
• Installed windmills at Theni, Tirunelveli, Tenkasi and Coimbatore districts in India.

Social Achievements

• In the Tamil Nadu Open University (TNOU) 12th Convocation held at Thekkalur Garment Unit 329 Employees, including 301 Under Graduates & 28 Post Graduates, received Degree Certificates from the Vice-Chancellor of TNOU. Among them 5 were Gold Medalist, 15 were Rank holders and one Employee secured CEMCA Award.
• Higher Education facility, the masterpiece of our HR policy continues to add bright prospects to the employees at large. So far over 27000 employees of KPR are benefited by the Higher Education.
• KPR participated in the Clean India movement of the Central Government by planting 500 Trees at Karumathampatti.
• The Company was awarded one of the top Exporters in the Trichy Division on 27.01.2020 by the Commissioner of Customs, Trichy.
• During COVID pandemic, though the Industry witnessed return of migrated employees in large to their hometowns, at KPR, fascinated by the 'Feel at Home Facilities' our employees chose to stay back at factory premises where they continue to enjoy comfortable accommodation, nutritious food, recreation and education facilities besides best health and safety measures.

Governance Achievements

• The Income Tax Department has honoured KPR Mill Limited as one of the Top Tax payers in Coimbatore Region in the Financial Year 2018-19.
• The Company has adequate Independent Directors in compliance with the Act and Listing Regulations.
• Familiarization Program on the Company and its operation was conducted for the Independent Directors.
• Requisite declaration from the Independent Directors of the Company under Section 149 (7) of the Act confirming that they meet with the criteria of their Independence laid in Section 149 (6) have been obtained.

Climate Goals & Targets

Environmental Challenges

• Domestic market for yarn recorded a steady growth, but exports stagnated.
• India's market share started declining gradually over the past few years owing to tariff advantage enjoyed by other competing Countries.
• Trade war between China & USA and economic slowdown across the globe, had adversely impacted the Indian Spinning sector during the year.
• Strained market conditions have led to significant decline in the price of cotton.
• COVID-19 Pandemic impacted the growth level.
• US-China trade war impacted the demand for yarn in China.
• Slowdown in global trade affected the growth in export of Garments.
• Countrywide lockdown led to a temporary closure of factories and lay-offs.
• Cash flow constraints, lower demand and stunted growth prospects due to hampered operations.
• Supply chain disruption.
• Impact on consumer sentiment due to closure of the market and maintaining social distancing.

Mitigation Strategies

• Implemented systematic procedures to safeguard its employees while continuing to best serve its clients.
• Executives successfully re-positioned to ensure that work progresses.
• Top Management voluntarily undertook 50% cut in the Managerial Remuneration for FY 2020.
• Repaid some of the high cost long term debt from the own cash profits, continued efforts to reduce the finance cost.
• Entered the promising Retail segment with the successful launch of 100% organic Premium Men's innerwear and athleisure segment.
• Implemented all measures in compliance with COVID-19 Guidelines.
• Prudential cash management and planning.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• FASO - Italian at Heart (Fashion Adapted Sustainable and Organic)

Awards & Recognition

• 'G.K.Sundaram Award'
• one of the top Exporters in the Trichy Division
• one of the best performing Employer in DDU-GKY for 2018-19
• India's Largest 500 Wealth creators and among the Top 19 Textiles & Garments' sector Companies in India

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced water consumption by 30% in the new processing unit.
• Zero discharge system at the processing division.
• 66 windmills with a total green power generation capacity of 61.92 MW

Social Achievements

• Employs over 25,000 people (90% women).
• 100% results achieved in 10th and 12th standard government examinations for employees' children.
• 174 employees secured placement in various reputed organizations.

Governance Achievements

• Shortlisted among the top 5 companies for a Corporate Governance Award.
• Adequate Independent Directors in compliance with the Act and SEBI regulations.
• Established Vigil Mechanism and Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Rising costs and unpredictability of quality raw cotton.
• Closure of operations in Ethiopia due to political turmoil.
• Deprival of USA duty-free access to Ethiopia manufacturing facilities.

Mitigation Strategies

• Government's duty-free import of cotton till 30 September 2022.
• Seeking help from Ethiopian Investment Commission and Indian Embassy to bring back capital equipment from Ethiopia.
• Strategic logistic team to manage supply chain disruptions.

Supply Chain Management

Responsible Procurement

• Procure goods and services from local & small producers

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• FASO Products (100% organic cotton)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed 10 MW rooftop Solar Power plant at Arasur Factories
• ETP at Processing Division has Zero Discharge System. The advanced technology of cold processing adopted at our new state of the art processing unit reduces the water consumption by 30% and eliminates the usage of Salt completely

Social Achievements

• Empowering Employees - Higher Education facilities and Career Placement services to employees besides Industry acclaimed welfare facilities
• 100% results were achieved in Class 12 Government Examinations in 2023
• Eleven Candidates from the KPR IAS Academy have successfully passed the 2022 Civil Services Examination

Governance Achievements

• Appointed Mrs V. Bhuvaneshwari as an Additional Director (Non-Executive & Independent)
• Company has adopted a Code of Conduct for the Board members and Senior/Key Management Personnel
• Company has framed Whistle Blower Policy

Climate Goals & Targets

Environmental Challenges

• High-cost inventory and raw material price inflation
• Finance cost increased due to additional working capital availment
• Global recession, Ukraine war, huge volatility in cotton prices, high inflation
• Steep increase in cotton prices at all-time high level coupled with lower yarn price realisation

Mitigation Strategies

• Modernization and expansion plans implemented
• Rooftop Solar Power Plant completed and commissioned
• Prudent and pragmatic cotton procurement strategies
• Increase in the processing capacity to be utilized internally to meet our additional demand

Supply Chain Management

Responsible Procurement

• Sustainable cotton (~25%) is procured from vendors who are certified to be compliant with social and environmental standards

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• FASO products (100% organic cotton)

Awards & Recognition

• Honourable Vice-President of India Sri.Venkiah Naidu has honoured KPR with an award for ‘Pioneering work done’ in Indian Textile Industry