Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility
• Corporate Governance
• Sustainable Development

Environmental Achievements

• Installed a 50KWP Solar Power plant on the rooftop of its Delhi regional office and at MMTC Residential Colony, New Delhi.

Social Achievements

• Allocated `1.254 crore ( `125.4 lakhs) for CSR activities, focusing on Healthcare, Promotion of Education & Nutrition, Swachh Bharat Abhiyan, Clean Ganga Mission, and Skill Development; 79.19% allocated to Aspirational Districts.
• Maintained cordial industrial relations; no man-days lost due to industrial unrest.
• Provided training to 369 employees (38.84%), including adequate representation of SC, ST, and women employees.

Governance Achievements

• Implemented the ‘Vigil Mechanism’ for Directors and employees to report concerns.
• Implemented the Integrity Pact to promote transparency in public procurement.
• Complied with the CG norms prescribed by the Department of Public Enterprises applicable for CPSEs.

Climate Goals & Targets

Environmental Challenges

• Fall in average price of urea, reduced import of steam coal, continuing ban on iron ore export from Karnataka, restrictions on iron ore mining in Goa and Odisha, lower exports.
• Slowdown in the steel sector globally.
• High volatility in bullion prices and Indian Rupee-US Dollar exchange rates.
• Intense competition in the gold trading market.
• Disparity in import prices of various fertilizers causing demand destruction.

Mitigation Strategies

• Consolidated mineral portfolio, dynamic strategies to insulate against market vagaries, expanded infrastructure facilities.
• Efforts to tap smaller mining companies to expand supply base and enhance volumes.
• Efforts to bring back big customers through constant engagement, maximize DTA operations, successful rollout of e-auction of bullion bars under GMS.
• Efforts to increase business volume in existing product lines and explore new fertilizer products for trading.
• Envisaging opportunities in supplying imported steam coal to cement, sponge iron units, and captive power plants.

Supply Chain Management

Responsible Procurement

• Integrity Pact

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Companies Act, 2013, DPE Guidelines on Corporate Governance for CPSEs, Ind AS

Awards & Recognition

• EEPC India National Award for Star Performer Award
• “Best Agency Supplying Gold to Highest Number of Clients” by GJEPC
• Second Runner-up under Miniratna (Category I) by Ministry of MSME

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility
• Sustainable Development
• Human Rights
• Diversity & Inclusion
• Governance

Environmental Achievements

• No specific environmental achievements mentioned in the report. The company was not involved in any business activity during the reporting period.

Social Achievements

• Maintained cordial industrial relations with no man-days lost due to unrest.
• 20.50% of total manpower are women employees.
• 21.65% of total manpower belong to SC, ST, OBC & PwBD categories.
• 189 employees received training in various areas.

Governance Achievements

• Implemented a Vigil Mechanism for reporting concerns.
• Implemented an Integrity Pact to promote transparency in procurement.
• Complied with Corporate Governance norms prescribed by the Department of Public Enterprises.

Climate Goals & Targets

Environmental Challenges

• Stoppage of business activities due to government instructions.
• Liquidity crunch and difficulties in meeting working capital requirements.
• Lapses/cases of default by MTPL Singapore.
• Anglo Coal dispute.
• Difficulties in divesting equity in ICEX.
• Financial crisis and insolvency of SICAL Logistics Limited impacting investment in SIOTL.

Mitigation Strategies

• Preparing a roadmap for scaling down operations and exiting from JVs.
• Implementing VRS.
• Informing auditors/CAG/MoC/BSE/NSE about MTPL issues.
• Depositing Rs. 1087 crore to secure Anglo Coal decree holder's interest.
• Engaging consultants for ICEX divestment (unsuccessful).
• Lodging claims with CIRP for unpaid share sale consideration in SIOTL.
• Exploring possibilities to appeal NCLT's order regarding SIOTL.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Public Procurement Policy (PPP) for Micro & Small Enterprises (MSEs) - 87.9% procurement from MSEs, including 7.26% from women-owned MSEs.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Companies Act, 2013, DPE Guidelines on Corporate Governance for CPSEs

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• CAPEXIL Awards for Excellence in Exports (2017-18 to 2021-22)