Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Both manufacturing units achieved zero effluent discharge.
• Reduced carbon footprint by controlling emissions and recycling residual waste.
• ISO 14001:2004 and OHSAS 18001:2007 certifications for both plants.

Social Achievements

• Multiple CSR initiatives undertaken, including support for education, environment, and community development.
• Zero effluent discharge contributing to economic growth in a safe and environmentally favorable way.
• Empowerment and nurturing of rural communities near facilities.

Governance Achievements

• Investment in SAP and Human Resources Management System (HRMS) to improve efficiency and management strategies.
• Strong corporate governance practices, including a Risk Management Committee and Audit Committee.
• Compliance with Clause 49 of the Listing Agreement for Corporate Governance.

Climate Goals & Targets

Environmental Challenges

• Global economic slowdown.
• Subdued global chemical industry performance.
• Maintaining quality standards and client retention.

Mitigation Strategies

• Investment in internal control processes and enhanced capabilities in specialty chemicals.
• Focus on cost and resource utilization.
• Global operations to capture market share.
• World-class R&D facilities, state-of-the-art technologies, and quality assurance.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007

Awards & Recognition

• Supplier of the Year by BASF
• Ranked among the Fastest Growing Companies in India by Outlook Business

Environmental Metrics

ESG Focus Areas

• Environmental responsibility
• Employee empowerment
• Corporate Social Responsibility

Environmental Achievements

• Zero waste discharge
• ISO 14001:2004 and OHSAS 18001:2007 certifications for both plants
• Reduced carbon footprint and emissions

Social Achievements

• EcoVadis Gold Rating for CSR
• Growth of organizational strength to more than 600 members
• Regular training, high safety measures and an empowering and engaging work culture

Governance Achievements

• Compliance with Clause 49 of the Listing Agreement
• Constitution of various committees (Audit, Share Transfer, Shareholders’ Grievance, Nomination & Remuneration, Risk Management, Corporate Social Responsibility, Sexual Harassment)
• Whistle Blower Policy

Climate Goals & Targets

Environmental Challenges

• Significant fall in prices of crude and its derivatives affecting end product pricing
• Decline in sales due to fall in crude prices affecting ATBS applications related to oil field
• Client retention
• Delivering customized solutions
• People retention
• Quality standards
• Foreign exchange risk
• Funding requirements

Mitigation Strategies

• Aggressive conservation of vital resources
• Strengthening customer relationships and leadership position in markets
• Diversification into newer arenas
• Health and safety as integral operational priorities
• Sustainable manufacturing process
• Streamlined operations to reduce carbon footprint
• Investment in greener technologies and infrastructure
• Training and development and performance management programs
• Credible certifications (ISO 9001:2008, ISO 14001:2004 and ISO 18001:2007)
• EHS audits by customers
• Contracts with customers sharing forex risk
• Low debt equity ratio and high interest cover

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• EcoVadis Gold Rating

Environmental Metrics

ESG Focus Areas

• Climate Change Management
• Energy Management
• Materials Risk
• Waste Management
• Water Stewardship
• Customer Relationship
• Human Capital Management
• Human Rights
• Local Community Engagement
• Occupational Health and Safety
• Stakeholder Engagement
• Business Continuity Planning
• Compliance
• Data Privacy & Cyber Security
• Economic Performance
• Ethical Business Conduct
• Intellectual Capital
• Procurement and Supply Chain
• Product Stewardship
• Risk Management
• Tax Risk
• Marketing & Labelling

Environmental Achievements

• 44% of total electricity consumption is met through renewable energy sources.
• Installation of a co-generation system for energy production.
• Commissioning of solar plants with a combined capacity of 26 MW.
• Installation of a Zero Liquid Discharge system in one plant and minimal discharge in two others.
• Effluent Treatment Plants (ETPs) at all facilities.
• Rainwater harvesting systems installed.
• Reverse osmosis (RO) systems installed for efficient water utilization.

Social Achievements

• Zero discrimination and equal opportunity policy for employees.
• Regular EHS training and behavioral sessions at manufacturing facilities.
• Various CSR initiatives in rural development, drinking water projects, solar street water pumps, and women’s education.
• Utilization of local contractors and service providers.

Governance Achievements

• Robust control measures to ensure ethical conduct and prevent undesirable practices.
• Whistle Blower Policy and a Code of Conduct implemented.
• Comprehensive training for Directors, KMPs, and employees on ethical business practices.
• Annual independence declarations from directors and KMP.

Climate Goals & Targets

Environmental Challenges

• Negative impacts of chemical manufacturing processes on the environment and ecosystem.
• Risk of sustaining a company’s reputation in the global market.
• Energy generation through non-renewable resources resulting in harmful emissions.
• High risk of managing energy demand due to reliance on coal.
• Risks arising due to climate change affecting the supply chain and business.
• Regulatory compliance, increased health risks of the community, and moral obligation to protect the environment for waste management.
• Water consumption for industrial operations leading to water source depletion.
• Exporting a major quantity of products overseas making timely delivery crucial.
• Maintaining the quality of products with their affordability.
• Right talent and capacity building on best practices in chemical manufacturing.
• Human Rights risks associated with the value chain.
• Negative impact of chemical manufacturing on local surroundings.
• Occupational Health & Safety risks associated with hazardous chemicals.
• Uncertain situations, increased physical risk due to climate change, hazards associated with chemical manufacturing, and man-made disasters.
• Compliance with relevant environmental and financial laws.
• Data privacy and cyber security threats.
• Adherence to ethics and transparency in business operations.
• Unplanned procurement practices impacting the supply chain.
• Negative impact of products on the ecosystem.
• Tax avoidance.
• Risks to the environment, health, and customer safety during transportation, storage, and use of specialty chemical products.

Mitigation Strategies

• Alignment of business practices with global commitments to address climate change.
• ISO 14001 (EMS), ISO 45001 (OHSAS), and Responsible Care certifications.
• Implementation of a co-generation system and commissioning of solar plants.
• Sustainable procurement policy emphasizing minimum strain on natural resources.
• Exploration of circularity measures by increasing process efficiency and optimizing inputs.
• Installation of a Zero Liquid Discharge system and ETPs.
• Rainwater harvesting and RO systems.
• Deployment of account managers and a comprehensive feedback collection system.
• Zero discrimination and equal opportunity policy, regular EHS training.
• Zero-tolerance policy against child labor, forced labor, and involuntary labor.
• Policies addressing sexual harassment, vendor and contractor engagement, and stakeholder engagement.
• Regular engagement with local communities.
• Comprehensive EHS training for manufacturing plant employees.
• Robust backup IT systems on the cloud.
• Comprehensive measures implemented across operations aligning with global climate change commitments.
• Comprehensive data privacy and cyber security protocols.
• Robust control measures, Whistle Blower Policy, and Code of Conduct.
• Comprehensive training for employees on ethical business practices.
• Sustainable Procurement Policy defining supplier selection process.
• Continuous research and innovation efforts to develop safe and sustainable products.
• Risk Management Committee overseeing all aspects of risk management.
• Finance Committee responsible for tax compliance.
• REACH compliance for European markets and GHS labelling requirements.

Supply Chain Management

Responsible Procurement

• Sustainable Procurement Policy
• Supplier Code of Conduct

Climate-Related Risks & Opportunities