Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced NG consumption at Steam generation boilers through various initiatives resulting in annual savings of 14.92 Lacs units Power (Rs. 115.93 Lacs) and 36.26 Lacs SM3 NG (Rs. 757.83 Lacs) at Vadodara unit and 3.48 Lacs KWH Power (Rs. 24.38 Lacs) at Sikka unit.
• Successfully commissioned 22 MTPD Sulphur 90 Plant in December 2020.
• Commissioned 10 MW Solar power plant at Charanka, Dist. Patan Gujarat.

Social Achievements

• Strengthened Process Safety Management and HAZOP studies.
• Provided facelift to Contractors Safety module and added fresh training modules.
• Conducted online Safety and Fire trainings for over 600 employees, Contractors and visitors.
• Running three schools at Vadodara, Sikka and Fibre units with students from nearby communities.
• Providing safe drinking water to nearby villages.
• Supporting NGOs working for community upliftment.

Governance Achievements

• Complied with all mandatory requirements of Corporate Governance norms as mandated by SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
• Carried out annual performance evaluation of Board performance, Directors individually, and Committees.
• Framed a policy for selection and appointment of Directors, senior management and their remuneration.

Climate Goals & Targets

Environmental Challenges

• Negative impact of COVID-19 pandemic on the Indian economy.
• Volatility in equity markets and commodity prices.
• Supply disruptions and demand compression.
• Shortage of raw materials and increase in input prices.
• Rising NG prices and limited availability of natural gas.

Mitigation Strategies

• Implemented various energy saving measures.
• Restarted operations of Methanol plant to substitute imports.
• Focused on efficiency improvement, higher production levels, and cost reduction.
• Implemented a sophisticated Foreign Exchange Risk Management System.
• Developed various new products in fertilizers, industrial & chemical products, and pharma grade products segments.

Supply Chain Management

Responsible Procurement

• Vendor evaluation and registration procedures
• Sustainable sourcing
• Online Registration of Suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

Certifications: ISO 14001

Sustainable Products & Innovation

• Calcium Nitrate and Boronated Calcium Nitrate Granules
• WSF 13:40:13
• Pharma Grade Products
• Liquid Boronated Calcium Nitrate
• Organic Fertilizers
• Silica solubilizing bio fertilizer
• Methyl Isobutyl Ketoxime

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption through various measures resulting in aggregate annual savings of 19.21 Lacs units of power and 17.57 Lacs SM3 of NG.
• Commissioning of a plant for bulk production of Phosphogypsum Granules.
• Installation of a Bio-Methane pilot plant to process food waste.
• Expansion of renewable energy capacities by installation of a new 15 MW Solar power project.

Social Achievements

• Various initiatives for employee well-being, including cashless medical facilities, health insurance, and accident insurance.
• 100% of permanent employees and workers covered under ESI benefits.
• Equal opportunity policy in place.
• Robust grievance redressal mechanism for employees and workers.

Governance Achievements

• Compliance with all mandatory requirements of Corporate Governance norms as mandated by SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
• Effective functioning of all Board Committees.
• Adoption of a Code of Conduct for Board Members and Senior Management Personnel.

Climate Goals & Targets

Environmental Challenges

• Global supply chain disruptions and price increases for critical commodities.
• Oversupply and subdued downstream demand of Caprolactam impacting profitability.
• Declining preference for NPK fertilizers challenging sales of AS & APS.

Mitigation Strategies

• Sophisticated Foreign Exchange Risk Management System to control financial risks.
• Digital risk management portal to monitor and minimize risks.
• Focus on efficiency improvement, raw material procurement, imports, and product/segment strategies to maximize sales.

Supply Chain Management

Responsible Procurement

• Sustainable sourcing procedures in place (percentage not measured).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Guidelines on Responsible Business Conduct

Certifications: ISO 9001:2015, ISO 45001:2018, ISO 50001:2018, ISO 14001:2015, Responsible Care Certification

Sustainable Products & Innovation

• Sardar SUDHAN organic fertilizer
• FCO grade Calcium Nitrate Suspension

Awards & Recognition

• HSE Excellence in Chemicals Award
• FICCI GIZ Golden Award

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Efficiency of Operations
• Employee Development
• Energy Efficiency
• Water Consumption
• Community Development
• Governance, Risk Management and Compliance

Environmental Achievements

• Total installed capacity of 164.43 MW (152.8 MW Wind Power and 11.63 MW Solar Power), fulfilling around 40% of Company’s total Power requirement.
• Achieved 100% zero liquid discharge in Sikka and Fibre Plant and several individual plants within Vadodara unit.
• Replaced around 1,400 conventional lighting fittings with the latest LED fittings, resulting in an annual power saving of 6.15 lakh kWh.

Social Achievements

• Various measures for employee well-being including health insurance, accident insurance, maternity benefits, and daycare facilities.
• Various CSR initiatives in education, women empowerment, and healthcare improvement.
• Implemented a robust grievance redressal mechanism for employees and workers.

Governance Achievements

• Established robust governance practices and a comprehensive risk management system.
• Implemented a Code of Conduct for Directors and Senior Management.
• Adopted Integrity Pact to safeguard public procurement from corruption.

Climate Goals & Targets

Environmental Challenges

• Risk of harm to employees and local communities due to hazardous nature of chemical manufacturing.
• Poor energy efficiency, frequent breakdowns, and high maintenance costs due to age of plants.
• Water scarcity could significantly impact operations.
• External factors such as weather patterns, government subsidies, and market volatility.

Mitigation Strategies

• Rigorous health and safety measures, regular safety audits, and provision of PPE.
• Periodically revamping and refurbishing plants, upgrading infrastructure, and conducting regular safety audits.
• Rainwater harvesting, wastewater treatment, and development of green zones.
• Robust governance practices and a comprehensive risk management system.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Increasing the share of renewable energy

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Avg. Quantity of treated effluent of 9492 cum/day conforming to the standard prescribed under EP Rules 1986 is discharged to sea through M/S Vadodara Enviro Channel Limited (VECL).
• Dust from cyclone separator is recycled.
• 133.35 Ha of green belt area developed (40.73% of total plot area).

Social Achievements

• Regular training on safety and health aspects are organized by safety department.
• Medical examination (six monthly) of employees is carried out on regular basis.
• CSR Expenditure incurred from April ’24 – Sept ’24: Rs. 1,22,76,091

Governance Achievements

• Compliance with rules and guidelines under Manufacture, Storage and Import of Hazardous Chemicals (MSIHC) Rules, 1989.
• Online Stack Monitoring system installed and connected to CPCB/GPCB server.
• Real Time Effluent Monitoring System in operation and connected to GPCB & CPCB server.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced fresh water consumption to 87.99 KL/day against a limit of 110 KL/day.
• Upgraded ETPs to meet GPCB norms.
• Implemented Lactam Recovery System, recycling recovered lactam and water.

Social Achievements

• CSR expenditure of Rs. 7,45,91,788 from October 2019 to March 2020 on education, donations, drinking water facilities, and community development.
• Regular safety training for workers.

Governance Achievements

• Established a separate Environment Management Cell with qualified personnel and laboratory facilities.
• Regular submission of compliance reports to GPCB and CPCB.

Climate Goals & Targets

Environmental Challenges

• Meeting GPCB norms for effluent discharge.
• Maintaining ambient air quality within prescribed limits.

Mitigation Strategies

• Upgraded ETPs with Panic Ponds, DAF unit, Ammonia Stripper, and Fine bubble air diffuser system.
• Installed online ambient air quality monitoring stations.

Supply Chain Management

Climate-Related Risks & Opportunities