Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Employee Well-being
• Community Engagement
• Environmental Conservation

Environmental Achievements

• Initiated various programs to reduce energy consumption and enhance solid waste recycling across all plants.
• Increased reliance on renewable energy sources (wind and solar power).
• Zero-discharge units at Hosur and Malur plants.
• Introduced environment-friendly products (Apollo Chaukhat, Apollo Plank) to replace wood.

Social Achievements

• Added 264 members to the workforce, mostly through internal referrals.
• Provided 1,736 training hours.
• Launched Junoon, a sales training module.
• Implemented a ‘Suggestion Scheme’ and ‘Star Employee of the Month’ program.
• CSR spend of ₹1.3 crore.
• 98% customer satisfaction index.

Governance Achievements

• Established a corporate governance structure for sustainable growth.
• Implemented a stakeholder grievance redressal mechanism and whistleblower policy.
• Improved debt-equity ratio to 0.6x from 0.8x.
• Reduced net debt by ₹22 crore.

Climate Goals & Targets

Environmental Challenges

• Muted demand sentiment due to economic and natural adversities.
• Covid-19 pandemic and resulting lockdown.
• Slowdown in key user sectors (real estate, automobile).
• Floods in key markets.

Mitigation Strategies

• Became leaner, capped fixed costs, and streamlined operations.
• Improved working capital cycle to 20 days from 28 days.
• Focused on improving utilization of manufacturing assets and deploying surplus cash flow in retiring debt.
• Leveraged product development capabilities to launch niche items.
• Concentrated on creating awareness of modular door solutions.

Supply Chain Management

Responsible Procurement

• Regular meetings with key suppliers
• Supplier visits

Climate-Related Risks & Opportunities

Physical Risks

• Floods

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: International Integrated Reporting Framework (IIRC)

Certifications: OHSAS 18001/ISO 45001

Sustainable Products & Innovation

• Apollo Chaukhat
• Apollo Plank
• Inline galvanising (ILG) and hybrid pipes

Awards & Recognition

• India’s Best Company of The Year (2017)
• Emerging Brand award (2019)

Environmental Metrics

ESG Focus Areas

• Responsible Business
• Responsible Operations
• Responsible Employment
• Responsibility towards Communities

Environmental Achievements

• Added approximately 17.3 MW of renewable energy capacity at our production facilities
• Reduced energy intensity for the last two years
• Decreased non-hazardous waste by 7% and hazardous waste by 9.5% since FY’20
• Three sites (Sikandarabad, Hosur and Hyderabad) obtained ISO 14001 certification

Social Achievements

• Zero Fatalities
• 7,099 hours of training provided
• Maintained stable outlook despite COVID-19 pandemic, with sales volume rising by 0.4% and EBITDA increasing by 42%

Governance Achievements

• Established an ESG framework with four focus areas, KPIs, and targets
• Established internal sustainability team to oversee CSR and EHS
• Zero cases of violation of code of conduct

Climate Goals & Targets

Environmental Challenges

• Business disruption due to COVID-19
• Currency fluctuation risk
• Working capital risk
• Supply chain disruption
• Digital media impact
• Environmental compliance risk
• Safety compliance risk
• Statutory compliance risk

Mitigation Strategies

• CAPEX spends kept at 20-25% of EBITDA
• Strengthening working capital cycle
• Improving cost controls
• Adopting DFT technology
• Strengthening distribution network
• Developing environmentally friendly products
• Engaging with consultants to strengthen compliance

Supply Chain Management

Responsible Procurement

• Procuring raw materials and packaging locally wherever possible

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards ‘Core’ Criteria

Certifications: ISO 9001, ISO 14001, OHSAS 18001/ISO45001

Sustainable Products & Innovation

• Environmentally friendly products

Awards & Recognition

• Times Power Icons 2019
• Emerging Brand award 2019
• UP brand leadership award 2019-20

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Responsible Employment
• Responsible Operations
• Responsible Towards the Community

Environmental Achievements

• 38% of APL Apollo's total energy consumption was from renewable energy sources in FY22. At two plants, over 85% of energy needs were met through renewable energy.
• Reduced total energy consumption by 2,25,49,771 kWh compared to FY 2021
• 27% of total water recycled and 8% decline in total water consumption
• Zero Liquid Discharge facilities at Murbad and Malur plants
• Total capacity of rainwater harvesting pits around 353 cubic meters
• 630 n tones of steel scrap is recycled every year, thus saving around 950 million tones of CO2 emission annually
• 24% less emissions generated by steel building as compared to concrete building

Social Achievements

• 30.7 Crores INR of CSR expenditure
• Approximately 17,000 number of CSR beneficiaries
• 100% of employees and workers are provided with safety and skill upgradation training
• 0 cases of violations of human rights
• 0 Cases of Fatalities
• 98% Customer concerns resolved successfully
• Total training hour of around 8710

Governance Achievements

• ESG committee established along with new ESG manual and a revised code of conduct
• 0 Cases of Anti Bribery and Anti Corruption
• 0 Cases of data privacy breaches
• 100% compliance to all the legal requirements pertaining to labor

Climate Goals & Targets

Environmental Challenges

• Business disruption due to COVID-19
• Currency fluctuation
• Quality of products
• Statutory compliance risk
• Safety compliance risk
• Supply chain disruption
• ESG risks
• Data security risk

Mitigation Strategies

• Policy and management system implementation to enable smooth operation of business when working from home
• Covid 19 vaccination campaigns for all personnel
• Application of preventive and reactionary measures
• Hedging with the aid of derivatives to control foreign exchange risk
• Lowering working capital cycle
• Investing in well-rated banks
• Product quality assurance teams
• Training workers to reduce wastage and rejection rates
• Reliable system for monitoring compliance with regulations
• Training staff on changes to laws and regulations
• Using technology to track compliances
• Focus on zero-accident culture
• Regularly promoting safety culture
• Following global safety standards
• Diverse sources for raw material procurement
• One-month inventory backup
• Enhancing areas to lessen environmental impacts
• Rethinking ESG approach
• Leveraging stakeholder connections
• Data Leakage/ Loss Prevention (DLP) system
• Strong anti-virus system on servers
• Regular data privacy awareness campaigns

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Timely Payments
• Commitment on responsible sourcing and business ethics

Climate-Related Risks & Opportunities

Physical Risks

• Extreme climatic events

Transition Risks

• Not disclosed

Opportunities

• Transition to renewable energy
• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001:2015, ISO 14001:2004, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 2: Zero Hunger
• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• Goal 5: Gender Equality
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 11: Sustainable Cities and Communities
• Goal 13: Climate Action
• Goal 17: Partnerships for the Goals

The report maps material issues to the SDGs.

Sustainable Products & Innovation

• Tubular Steel
• Apollo Chaukhat

Awards & Recognition

• India's top challengers at the 19th Annual construction world annual awards by FIRST CONSTRUCTION COUNCIL (FCC)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Management
• Water and Wastewater Management
• Waste Management
• Occupational Health and Safety
• Human Rights
• Diversity and Inclusion
• Community Development
• Supply Chain Management
• Corporate Governance
• Business Ethics
• Tax Strategy

Environmental Achievements

• Achieved Zero Liquid Discharge (ZLD) at three plants
• 28.2% share of renewable energy in total electricity consumption (41% excluding New Raipur plant)
• 106,015 MT of waste recycled, reused, and recovered

Social Achievements

• Launched Project Aarohi, a skill development program for women
• Implemented various CSR projects benefiting 12,285+ individuals
• Reduced employee turnover rate to 20.34%

Governance Achievements

• Established an ESG committee
• Became a signatory of the United Nations Global Compact
• Implemented robust corporate policies, anti-corruption, and anti-bribery measures

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to climate events (cyclones, flooding, heat stress)
• Technological shift towards low-carbon alternatives
• Heightened environmental regulations
• Reputational risk due to sustainability concerns
• Dependence on a limited number of raw material suppliers

Mitigation Strategies

• Investing in resilient infrastructure, inventory management, and alternative sourcing strategies
• Research and development of low-carbon technologies, workforce development
• Developing strategies to manage carbon pricing, investing in emission reduction technologies
• Transparent disclosures, commitment to net-zero emissions
• Diversifying supplier base, developing contingency plans

Supply Chain Management

Supplier Audits: 90% coverage

Responsible Procurement

• Supplier code of conduct
• Commitment on responsible sourcing and business ethics

Climate-Related Risks & Opportunities

Physical Risks

• Cyclone and flooding
• Heat stress

Transition Risks

• Technological shift
• Policy restrictions
• Reputational risk

Opportunities

• Development of energy-efficient products and resilient supply chains

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, UN SDGs, UNGC, IFRS Sustainability Disclosure Standards (ISSB Standards), Greenhouse Gas Protocol, National Guidelines on Responsible Business Conduct (NGRBC), Companies Act 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (BRSR)

Certifications: ISO 14001:2018 (3 sites), ISO 45001:2018 (3 sites)

Third-party Assurance: Sustainability Actions Private Limited

UN Sustainable Development Goals

• Goal 6
• Goal 7
• Goal 9
• Goal 11
• Goal 12
• Goal 13

Initiatives contribute to these goals through various environmental and social programs

Sustainable Products & Innovation

• Apollo Chaukhat (steel door and window frames)
• HR Coil Tubes (eco-friendly steel tubes)

Awards & Recognition

• Construction & Infra award (Best Company in construction for street pipe)
• Indian Brand & leadership Conclave (Most Trusted Brand of the Nation 2024)
• ET Edge Award (Sustainable organization of the year)
• National Awards for excellence in branding and marketing (Marketing campaign of the year)
• Global marketing excellence award (Global Marketing Excellence Award)
• BARC Award (Brand of the decade)
• EY Award (EY Entrepreneure of the year 2023)