Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Reduced water consumption through rainwater harvesting and other initiatives.
• Not disclosed

Social Achievements

• Spent Rs.22.30 Lakhs towards CSR expenditures focusing on palliative care, infrastructure development for charitable societies and schools, and financial assistance to the needy.
• Not disclosed

Governance Achievements

• Established a Vigil Mechanism and Whistle Blower Policy.
• Implemented a robust risk management framework.
• Established an Internal Complaints Committee (ICC) to address sexual harassment complaints.

Climate Goals & Targets

Environmental Challenges

• Competition from international players and government pricing policies on latex.
• Implementation of GST in India and its impact on the textile industry.
• Cheaper imports of finished goods from Malaysia and Thailand.
• Higher import duties for Centrifuged Latex.
• Liquidity constraints in the domestic markets.
• Highly volatile domestic latex prices.
• Inverted duty structure in imports.
• Increase in the usage of spandex as a replacement for rubber threads.

Mitigation Strategies

• Expanding manufacturing capacity to meet enhanced market demand.
• Cost management due to large manufacturing base, technological expertise, and committed manpower.
• Negotiations for a new wage settlement with trade unions.

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

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility

Environmental Achievements

• Implemented rainwater harvesting and waste heat recovery systems; installed water flow meters and a wet scrubber to reduce water and dust emissions; incorporated capacitor banks and LED lighting to improve electrical efficiency.

Social Achievements

• Spent Rs. 22.33 Lakhs on CSR activities including palliative care, infrastructure development for charitable societies and schools, and financial assistance to the needy.

Governance Achievements

• Established a Vigil Mechanism/Whistleblower Policy; implemented an Anti Sexual Harassment Policy; conducted performance evaluations of Directors and Board Committees; complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Climate Goals & Targets

Environmental Challenges

• Competition from cheaper imports from Malaysia and Thailand; higher price of natural latex in India compared to international markets; challenges related to demonetization and GST implementation; increased usage of spandex as a replacement for rubber threads.

Mitigation Strategies

• Increased focus on exports during periods of domestic market slowdown; leveraging brand recognition in international markets; plans to attract more international customers.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: Cyriac & Associates

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Implemented energy conservation measures resulting in reduced power and fuel consumption.
• Refurbished ETP collection tank to store rainwater (over 25 Lacs liters).

Social Achievements

• Contributed Rs. 20 Lacs to Chief Minister's Distress Relief Fund (CMDRF) for Kerala flood relief.
• Employees contributed one day's salary to CMDRF.

Governance Achievements

• Established a Vigil Mechanism and Whistle Blower Policy.
• Implemented an Anti Sexual Harassment Policy and Internal Complaints Committee (ICC).

Climate Goals & Targets

Environmental Challenges

• Huge imports of rubber thread from Southeast Asian countries.
• Higher Indian latex prices compared to Southeast Asia.
• Pressure on margins due to competition.
• Liquidity constraints in the domestic market.

Mitigation Strategies

• Effective cost and operations management.
• Expanding production capacity with a new plant in Tamil Nadu.
• Targeting new international markets.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Reduced water consumption through recycling and rainwater harvesting.
• Improved energy efficiency by replacing power-consuming equipment.

Social Achievements

• CSR initiatives focused on healthcare, education, infrastructure, and social empowerment.
• Spent Rs. 41.10 Lakhs on CSR activities.

Governance Achievements

• Established a Vigil Mechanism and Whistle Blower Policy.
• Implemented an Anti Sexual Harassment Policy and Internal Complaints Committee (ICC).

Climate Goals & Targets

Environmental Challenges

• Economic slowdown and high fluctuation in raw material costs.
• Stiff competition due to cheap imports of finished goods.
• Disruption caused by the COVID-19 pandemic.
• Cheaper imports of rubber threads from Malaysia and Thailand.
• Higher import duties for Centrifuged Latex.
• Volatility in domestic latex prices.
• Liquidity constraints in domestic markets.
• Inverted duty structure in imports.
• Usage of spandex in the market.

Mitigation Strategies

• Expanding sales and distribution networks.
• Exploring new overseas markets.
• Installing additional production lines to increase capacity.
• Developing new products in the hygiene segment (Premier Tissues).

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

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Planted tree saplings around the factory premises at Palakkad.
• Soak pits constructed near to bore wells and other areas to store and recharge the acquifier with rain water.
• Extrusion area process piping modified, so as to reduce the water consumption.
• Reduced the consumption of acetic acid.
• Replaced old diesel generator with new energy efficient and low emission unit.
• AC capacitors installed at various panels to improve the electrical system efficiency.

Social Achievements

• Several initiatives under the CSR program, directly as well as through agencies. Spent Rs.52.99 lakhs towards various CSR expenditures.
• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Disruptions in the first two months due to lockdown.
• Disruptions in shipping schedules worldwide which affected the alternate supply chains and increase in latex price in the international market.
• Uncertainty in delivery schedules leading to further demand from international markets too.
• Bottlenecks linked to container shortages, shipping schedule disruptions etc.
• Lock down and covid related hurdles for subsidiary Premier Tissues India Ltd.
• Travel restrictions, want of labour etc affecting subsidiary Premier Tissues India Ltd.
• Minimal sales of notebooks affecting subsidiary Premier Tissues India Ltd.
• Spike in paper costs by around 30% plus affecting subsidiary Premier Tissues India Ltd.

Mitigation Strategies

• Overhauling the sales team, appointment of new distributors etc.
• Commissioned one more line adding 2500 MT to its annual capacity.
• Initiated efforts to overhaul the plant (subsidiary Premier Tissues India Ltd).
• Expanding the distribution network (subsidiary Premier Tissues India Ltd).
• Exploring the consumer products in the home care segment (subsidiary Premier Tissues India Ltd).

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: Ind AS

Certifications: Null

Third-party Assurance: Cyriac & Associates

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

Environmental Achievements

• Installation of Evaporator with Drier: Reduced water consumption and environmental issues.
• ETP chemical consumption and sludge generation reduced by implementing process modifications and effective operating procedure.
• CF lamps were replaced with LEDs and added more capacitors improving power factor and reducing the energy consumption.

Social Achievements

• Several initiatives under the CSR program directly. Spent Rs.66.84 lakhs towards various CSR expenditures.
• Premier Tissues India Ltd entered home care product segment with products like dish washing liquid/bar, floor cleaner, toilet cleaner, detergent powder/bar etc.

Governance Achievements

• Established a Vigil Mechanism and adopted a whistle blower policy.

Climate Goals & Targets

Environmental Challenges

• Huge disruptions in the global supply chains leading to high inflationary trends in the prices of all inputs.
• Cost escalation in all areas (raw materials, packaging materials, local logistics, container charges etc.).
• Constraints in raw material availability and profitability for Premier Tissues India Ltd.
• Disproportionate number of unorganized players in the tissue paper industry limiting ability to pass on increased costs.
• Shortage of containers for shipping and increased freight charges.
• Volatile climate situation leading to concerns in availability and pricing of Latex.
• Growth of spandex as an alternate material.
• Cheaper imports with lower customs duty tariff.
• Consumption decline in China.

Mitigation Strategies

• Leveraging cost benefits owing to enhanced capacities.
• Widening sales network for Premier Tissues India Ltd. (appointing new sales team members and distributors).
• Entering the home care segment.
• Improving efficiency in power, water, fuel and other resource consumption.
• Installation of Evaporator with Drier for wastewater recycling.
• Connecting stand-by Thermic Heater with production lines and Distillation unit to reduce downtime.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: Cyriac & Associates