Climate Change Data

Environmental Metrics

ESG Focus Areas

• CSR

Social Achievements

• Contribution to Prime Minister’s National Relief Fund towards its CSR expenditure for 2016-17 (Rs. 11.34 Lacs)

Climate Goals & Targets

Environmental Challenges

• Non-compliance with Companies Act, 2013 and SEBI regulations due to the absence of Independent Directors on the Board.
• Absence of a Vigil Mechanism/Whistleblower policy due to lack of employees.

Mitigation Strategies

• The matter of inducting independent directors is pending with the administrative ministry.
• The absence of employees makes a vigil mechanism impractical.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• CSR

Social Achievements

• Contribution to Prime Minister’s National Relief Fund towards its CSR expenditure for 2018-19

Governance Achievements

• Consistent compliance with SEBI Regulations and DPE Guidelines

Climate Goals & Targets

Environmental Challenges

• Non-compliance of Regulation 17(1) & 18(1) of SEBI (LODR) Regulations, 2015 for September and December Quarter, 2018.

Mitigation Strategies

• Fines imposed by BSE for non-compliance were paid.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Asaoti plant received Silver rating in National Green Manufacturing Challenge 2021
• Retained Silver Rating from Ecovadis
• Installed solvent recovery system at Asaoti plant, recovering 85% paint thinner
• Rainwater harvesting and RO wastewater used for gardening at Chittoor plant
• Installed three-phase invertor type welding controller at Manali plant, reducing electricity consumption
• Tree plantation drives at Kolkata CFS
• Installed occupancy sensors and motion sensing LED lights to reduce electricity consumption at CFS Chennai and Mumbai
• Chemicals-Manali started Zero Liquid Discharge (ZLD) plant
• Developed a method to eradicate effluent generation from the sulfochlorination process at Chemicals-Manali
• Installed LED lights at various locations
• G&L - Silvassa became a zero waste water discharge plant
• Installed 50 KWp solar power plant at IP - Silvassa and G&L - Silvassa
• Banned single-use plastic in all plants

Social Achievements

• Contributed Rs 1,28,25,899 to PM CARES Fund to fight COVID-19 pandemic
• Installed PSA oxygen plants at five Government hospitals in Karnataka
• Distributed masks, sanitizers, and gloves in communities around units
• Conducted vaccination programs for employees and their families
• Sponsored and implemented services of a non-profit Cardiac Ambulance at Silvassa
• Contributed Rs 175 Lakh for Skill Development Institutes (SDI) at Ahmedabad, Raebareli, Guwahati, Visakhapatnam, Kochi and Bhubaneswar
• Training apprentices in Logistics and Travel & Vacations Business Units
• Total CSR spending of Rs. 514.15 Lakhs

Governance Achievements

• Signed MoU with Ministry of Petroleum & Natural Gas
• Implemented various initiatives to contain the spread of COVID-19 in the workplace
• Consistently undertaken various CSR initiatives for sustainable development
• Complied with Corporate Governance guidelines
• Reconstituted Internal Complaints Committee in all four regions

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and associated lockdowns led to compressed demand and supply chain disruptions
• Decline in global petroleum prices and increased excise duty on petroleum products
• Reduced export of leather products
• Intense competition in the industrial packaging market
• Margin pressure in lubricants due to competition and raw material price spikes
• Low demand for leather and leather products due to the COVID-19 pandemic
• Downturn in demand for sludge processing services due to COVID-19
• Massive impact of COVID-19 on the travel industry
• Reduction in CFS volumes due to increased DPD and RMS

Mitigation Strategies

• Improved overall efficiency through continuous Operational Excellence
• Worked out strategies for product substitution, cost-effective formulations, value addition, and biodegradable products
• Strengthened operation, sales, and software capabilities in Travel & Vacations
• Undertook major internal restructuring in Travel & Vacations to reduce costs
• Developed eco-friendly, metal-free tanning process
• Planning to expand footprints in warehousing and distribution
• Intends to leverage experience in project execution to foray into allied service areas
• Aims to maintain market leadership through technological upgradation

Supply Chain Management

Responsible Procurement

• Prohibition of child labour
• Forced labour
• No drug and alcohol policy
• Health & safety compliance
• Non-discrimination

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, UNGC

Certifications: OHSAS 18001, ISO 14001

UN Sustainable Development Goals

• Not disclosed

Sustainable Products & Innovation

• Biodegradable lubricants

Awards & Recognition

• Silver standard company for green initiatives (Asaoti plant)
• Cold Chain Award for outstanding performance in “Best Practices in Cold Storage” (Rai TCW)