Polyplex Corporation Limited
Climate Impact & Sustainability Data (2021-2023)
Reporting Period: 2021-2023
Environmental Metrics
Total Carbon Emissions:94944.31 MT CO2e (FY22-23)
Scope 1 Emissions:4822.6 MT CO2e (PCL FY22-23)
Scope 2 Emissions:70505.8 MT CO2e (PCL FY22-23)
Water Consumption:1302061 KL consumed, 698520.56 KL discharged (FY22-23)
Waste Generated:1507.28 MT (FY22-23)
ESG Focus Areas
- Environmental Stewardship
- Workforce Development
- Community Engagement
- Responsible Governance
- Supply Chain Sustainability
Environmental Achievements
- GHG reduction of 3276 metric tons CO2eq in FY 2021-22 and 5269 metric tons CO2eq in FY 2022-23 due to PCR Based Film
- Introduced 2147 metric tons of recycled content film and 186 metric tons of biodegradable film in FY 2021-22 and 3752 metric tons of recycled content film and 165 metric tons of biodegradable film in FY 2022-23
- Achieved zero water discharge at Khatima and Bazpur plants in India
- Received recycled content verification certification for rPET film in Thailand, Turkey, India and US
Social Achievements
- 541 new employee hires in FY22-23
- INR 12800000 investment in community and social projects in FY22-23
- Average 7 hours of employee training in FY22-23
- Zero fatalities across all locations for the last two years
Governance Achievements
- Established various board committees (Audit, Risk Management, Stakeholder Relationship, Nomination and Remuneration, CSR)
- Implemented a Code of Conduct outlining ethical standards and reporting procedures
- Developed various policies (CSR, Related Party Transactions, Dividend Distribution, Responsible Procurement, Human Rights, Nomination and Remuneration, Supplier Code of Conduct)
Climate Goals & Targets
Environmental Challenges
- Oversupply situation in the industry impacting capacity utilization and margins
- Highly regulated sector with continual scrutiny by food and drug regulatory bodies
- Rising temperatures, extreme weather events impacting ecosystems and operations
- Market downturns and international competition
- Potential project implementation delays
- Financial risks including price volatility, interest rate risks, and credit risks
Mitigation Strategies
- Evenly spread operations across five manufacturing locations
- Strict adherence to USFDA and EC directives
- Sustainable solutions such as higher rPET content in packaging
- Cost improvement initiatives and manufacturing efficiency enhancements
- Strengthening customer relationships
- Dedicated project management team and corporate management oversight
- Forex risk management, internal credit risk management framework, and credit insurance
Supply Chain Management
Supplier Audits: ~30-25 suppliers per year
Responsible Procurement
- Supplier Code of Conduct emphasizing labor practices, environmental protection, human rights, and business integrity
- Prioritizing local sourcing
Climate-Related Risks & Opportunities
Physical Risks
- Rising temperatures
- Extreme weather events
Opportunities
- Development of energy-efficient products
- Higher rPET content in packaging
- Single substrate packaging solutions
Reporting Standards
Frameworks Used: GRI Standards
Certifications: ISO 9001, ISO 14001, ISO 45001, FSSC 22000/BRCGS, ISO 50001, ISCC Plus, RCS, RCV (PTL), ISCC Plus, RCV (PE), RCV (PCL, PU), FSC (PCL)
Sustainable Products & Innovation
- Sarafil rPET polyester films
- Mono PET structures
- Eco Friendly BOPET Film
- Biodegradable films
Awards & Recognition
- Ecovadis CSR Rating Silver Awards (Polyplex Türkiye)
- Ecovadis CSR Rating Bronze Awards (Polyplex India, Polyplex Thailand)
- Green Innovation Award (Polyplex Thailand)
- Prime Minister’s Award for Innovation – Chemical Recycling (Polyplex Thailand)
- Best Public Company of 2021 – Industrial Group (Polyplex Thailand)
- Thailand Greenhouse Gas Management Organization recognition (Polyplex Thailand)
- Green Industry Level 3 (Polyplex Thailand)