Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installation and commissioning of dust collection system in Raw Material Handling System to reduce and control dust emission during material feeding.
• Erected 40 feet tall porous fence (mesh) to prevent the entry of dust to nearby settlement.
• Construction of around 800 meters of concrete roads inside raw material yard and in north boundary to prevent dust emission due to vehicular movement.
• Provision of fixed sprinkling system in raw material yards for effective emission control during material handling.
• Plantation of 5,000 tree saplings in and around Koppal plant to increase the green belt. The total number of plantation undertaken till date is over 130,000.
• Commissioning of sinter plant helped the Company to consume iron ore fines instead of lump ore and get the benefit of price difference and reduction in coke consumption.

Social Achievements

• Financed the purchase of one acre of land for expansion of Government Primary School, Shahapur.
• Provided school bags and note books to primary school children.
• Provided desks to the primary schools.
• Provided financial assistance to the school children for cultural activities and education tour.
• Under Grama Nirmalya Yojana, 35 individual toilets have been constructed in the Bevinahalli village with total number of toilets constructed now exceeding 200.
• Arranged visit of Specialist doctors to Bevinahalli Medical Centre once in a week.
• Constructed Concrete road of 130 meters in the Bevinahalli Village.
• Under Women Empowerment, sewing machines have been distributed to 20 families who have undergone tailoring classes conducted in Bevinahalli village.
• Under Kirloskar–Vasundhara Club, renovated an old pond in the Ramadurga Forest area with the “Shramadana” by the club members.
• To create environmental awareness amongst the people and school children, 4 days “Vasundhara Film Festival” was organized in Koppal–Hospet–Solapur.

Governance Achievements

• The Company conforms to the norms of Corporate Governance as envisaged in the Companies Act, 1956 and the Listing Agreement with the BSE Limited.
• All Board Members and Senior Management personnel have affirmed compliance with the Code of Conduct.

Climate Goals & Targets

Environmental Challenges

• Closure of mines and non availability of iron ore at reasonable price.
• Sluggish market conditions prevailed in auto industry.
• Problems in getting quality iron ore supplies.
• Closure of mines and demand supply gap, iron ore prices have remained high. Available iron ore has been of a low quality and this has affected both the productivity and the cost of manufacture.
• Rupee depreciated against dollar during this period, and hence benefit of coke price reduction could not be materialised in rupee terms.
• Delay in starting of the closed mines may force the Company to source the iron ore from outside the state, thereby increasing the sourcing cost and put further pressure on profitability.
• Demand for the auto and tractors have a direct impact on the performance of your Company and any adverse market condition for these sectors will result into reduced capacity utilisation and profitability.
• Depreciation of Rupee vis-à-vis US dollar can lead to an increase in price of coke and in the price of crude oil, resulting in increased input costs, thereby putting pressure on profitability.

Mitigation Strategies

• Use of sinters to the maximum extent by optimising sinter plant operation thereby reducing the cost of iron ore and also reducing the consumption of coke.
• Coke procurement strategies.
• Improved operational efficiencies and cost control measures at both Koppal and Solapur Plant.
• Managed to ensure availability of iron ore throughout the year, by participating in e-auction.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Employee health & safety
• Business ethics
• Circular economy (Waste & water management)
• Talent management
• Climate action
• Community relations
• Human rights
• Responsible supply chain
• Sustainable innovation
• Data Privacy
• Corporate Governance
• Transparent Disclosures

Environmental Achievements

• Energy intensity per rupee turnover reduced by 48.23 GJ/Crores
• 29% Reduction in total Scope 1 and Scope 2 emissions per crore of turnover
• 4% Reduction in water intensity per rupee of turnover
• 103.46 Tonnes Hazardous waste recycled
• 1,75,558 MT Waste recycled and reused

Social Achievements

• 15,000 People benefited through CSR activities
• 15 Schools covered
• 6,800 Students benefitted
• 80% EES score in FY 2023
• 34 Fast trackers identified in last 3 years
• 120 Employees promoted
• 447 Trainings sessions conducted
• 12 Workshops organised
• 38 Freshers hired

Governance Achievements

• ISMT turned profitable within a year of acquisition
• Implemented strict governance and compliance measures at ISMT
• Proposed merger of KFIL and ISMT

Climate Goals & Targets

Environmental Challenges

• Fluctuation in iron ore, coal, and coke prices
• Depreciation of Indian Rupee against US dollar
• Shortage of quality iron ore supply
• Adverse changes in Government policies
• Climate change poses significant physical and transition risks

Mitigation Strategies

• Continuous monitoring of International coal prices and timely booking of coal
• Optimising the coal blend
• Agreement for converting coal to coke
• Passing on increased price of raw material to customers
• Upgradation of MBF-1 and MBF-2
• 100% consumption of captive power
• Hedging import transactions of input materials
• Deployment of eco-friendly technologies and processes
• Implementation of appropriate mitigation measures addressing the climate related risks

Supply Chain Management

Responsible Procurement

• KFIL supplier code of conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC

Certifications: ISO 14001:2015, ISO 45001:2018, IATF 16949:2016

Awards & Recognition

• Greentech Environment Award 2022
• Greentech International EHS Award 2023
• CSR Excellence Award-2022
• Fastest growing steel company award
• Foundry of the Year award
• Volvo Eicher award
• Mahindra & Mahindra special appreciation award
• Escort Kubota award
• JCB best performance award
• 5S Excellence award

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 21% Reduction in Energy Intensity
• 11% Reduction in Scope 1 and Scope 2 Emission Intensity
• 21% Reduction in Water Intensity
• 2.67 Lakh MT Waste recycled
• 11 MW Solar Plant at Solapur
• 100 MW Solar Plant for at Jalna
• 40 MW Waste heat recovery Boiler based Captive Power Plant at Koppal

Social Achievements

• ₹ 8.7 Cr CSR expenditure; 35,000 people benefited
• Talent Acquisition
• Career Planning
• Training and Development
• Employee Well being
• Safety First

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Genentech International EHS Awards-2023
• Prestigious National Sustainability Award – Indian Institute Metal