Climate Change Data

Environmental Metrics

Environmental Achievements

• Installed most modern equipment to save and minimise energy consumption. Installed three Turbo Alternators sets with power generation capacity of 87,500 KW. Entire power requirement met through captive generation. High pressure boilers and matching Turbo alternators and prime movers installed. Installed electrical motors of appropriate size and continuous centrifugals in place of batch type centrifugals.

Social Achievements

• Provides various incentives to its cane growing farmers such as crop loans from banks and supply of cane seeds, insecticides and other agricultural inputs.
• Human Resources vision committed to organizational excellence by inspiring and developing the potential of people and providing them opportunities for growth. Training and learning initiatives aim at upgrading the competencies and fostering a climate of creativity and innovation.

Governance Achievements

• Appointed Shri A. S. Sodhi, Shri S. A. S. Bajwa and Shri Baljit Singh as Independent Directors.
• Established four committees: Audit Committee, Share Transfer Committee, Shareholders/Investors Grievance Committee, and Remuneration Committee.

Climate Goals & Targets

Environmental Challenges

• Depressed sugar prices, realization substantially lower than cost of production, inability to pay cane prices.
• Lower sugar production compared to previous year due to late start of sugar mills.
• Molasses stocks diverted to Europe for cattle feed, resulting in lower ethanol production and higher prices, making it unviable to supply ethanol to petroleum companies at negotiated rates.

Mitigation Strategies

• Central Government declared incentives to sugar industry in the shape of loans under the Scheme for Extending Financial Assistance to Sugar Undertakings 2014 to clear cane dues of cane growers.
• Company taking all out efforts to encourage & motivate the farmers to cultivate the crop of sugarcane by providing various incentives.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• Installed most modern equipment to save and minimise energy consumption. Installed three Turbo Alternators sets with power generation capacity of 87,500 KW. Entire requirement of power is met through captive generation. Installed high pressure boilers and matching Turbo alternators and prime movers. Installed electrical motors of appropriate size and continuous centrifugal in place of batch type centrifugal.

Social Achievements

• Provides various incentives to its cane growing farmers such as crop loans from banks and supply of cane seeds, insecticides and other agricultural inputs at subsidized rates.
• Ensures high standards of safety for its employees and periodically conducts meetings to minimize operational hazards.

Governance Achievements

• The Company has formulated and implemented the Whistle Blower Policy / Vigil Mechanism.

Environmental Challenges

• Fluctuations in demand and price for finished products viz. sugar, molasses etc.
• Fluctuations in the price and availability of key raw materials, including sugarcane, raw sugar and sugar beet.
• Increase in interest rates.
• Changes in government policies affecting the sugar industry in India.
• Accidents, natural disasters or outbreaks of disease in sugarcane.
• Sugarcane is the key raw material for sugar and any difficulty in getting cane at right time will have impact on the business.
• Distillery is classified as highly polluting industry. The pollutions norms are being constantly revised by the Government. This can result in loss of production and additional investment to meet the changing norms.

Mitigation Strategies

• The Company has adopted a 'Risk Management Policy' which is reviewed on a periodic basis in order to recognize and reduce exposure to risks wherever possible.
• The Company's risk management policies are based on the philosophy of achieving substantial growth while mitigating and managing risks involved.
• The Company has a well-established internal control system in place to ensure smooth functioning of operations.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• Installed most modern equipment to save and minimise energy consumption. Installed three Turbo Alternators sets with power generation capacity of 87,500 KW. Entire power requirement met through captive generation. High pressure boilers and matching Turbo alternators and prime movers installed. Installed electrical motors of appropriate size and continuous centrifugals in place of batch type centrifugals.

Governance Achievements

• Constituted a Nomination & Remuneration Committee. Framed a Nomination and Remuneration Policy for selection and appointment of Directors, senior managerial personnel and their remuneration. Formulated and implemented the Whistle Blower Policy / Vigil Mechanism.

Climate Goals & Targets

Environmental Challenges

• Sugar production of the country declined to 232.60 lakhs tones. Sugarcane crushing for the year 2017-18 is likely to be lower than the crushing for the last year due to drought condition. Sugarcane is the principal raw material for manufacture of Sugar, Sprits and Power and its shortages could be on account of pest attacks, crop diseases, diversion of land by farmers etc.. Sugar price is susceptible to fluctuations on account of international demand and supply, government pricing for cane as well as sugar, variance in production capacities of peers. The policies of the Central and State Governments in terms of Fair Remunerative Price (FRP) and State Advised Price (SAP) for sugarcane have an impact on the operations of the Company.

Mitigation Strategies

• Encouraged sowing of sugar beet in its area in Punjab to increase its sugar production. Adopted sound agronomic practice and improvement in basic infrastructure facilities.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Installed most modern equipment to save and minimise energy consumption. Installed three Turbo Alternators sets with power generation capacity of 87,500 KW. Entire requirement of power is met through captive generation. High pressure boilers and matching Turbo alternators and prime movers installed. Installed electrical motors of appropriate size and continuous centrifugals in place of batch type centrifugals.

Social Achievements

• Not disclosed

Governance Achievements

• Constituted a Corporate Social Responsibility (CSR) Committee; implemented a Whistle Blower Policy / Vigil Mechanism; framed a Nomination and Remuneration Policy for selection and appointment of Directors, senior managerial personnel and their remuneration.

Climate Goals & Targets

Environmental Challenges

• Sugarcane availability, price realization, regulatory control by Government, and financial liquidity.
• Surplus sugar stocks creating liquidity problems for clearing cane payments to farmers.
• COVID-19 pandemic causing massive global disruption, affecting sugar demand and movement.

Mitigation Strategies

• Trying to find new varieties of cane which give high recovery, besides encouraging sowing of sugar beet.
• Continuous exports and increased domestic consumption.
• Company opted for the utilization of Moratorium benefit provided by the Reserve Bank of India.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Indian Accounting Standards (Ind AS)

Certifications: Null

Third-party Assurance: Ashwani K. Gupta & Associates Chartered Accountants

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed