Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Performance
• Contribution to Communities
• Workforce Management
• Safety
• Customer Satisfaction
• Corporate Governance
• Economic Performance

Environmental Achievements

• Installation of variable frequency drives, automatic controls/sensors for cooling tower fans, high mast lights and soft starters, automatic power factor control panel, T-5 & LED lights replacing conventional systems at Greases & Lubricants plant locations.
• Significant power savings by energy conservation initiatives such as installation of variable frequency drives, installation of energy saver panel, installation of automatic power factor control system and synchronization of conveyors for reduction of idle running time in Industrial Packaging plants.
• Energy efficiency measures in Leather Chemicals, including installation of Variable Frequency Drives for high capacity motors and a harmonic filter system.
• Commissioning of a 33 kWp solar power plant at TCW Rai, offsetting 750 tons of carbon dioxide per year.
• Reduction in water consumption of up to 70% by treating and reusing process water by installing a zero effluent discharge unit at IP-Vadodara.
• Zero effluent discharge facilities at IP-Vadodara, LC-Chennai, G&L-Chennai, IP-Chennai, IP-Navi Mumbai and CFS-Navi Mumbai.

Social Achievements

• Construction of 330 toilets for students of primary government schools.
• Sponsoring two classrooms at the Indian Institute of Cerebral Palsy (IICP).
• Sponsoring a Mobile Health Van providing medical care to 12,000 people annually.
• Contribution of ₹225 Lakhs towards Skill Development Institutes.
• Organizing an eye-check-up camp for the local community.

Governance Achievements

• Implementation of a robust vigil mechanism to report unethical behavior.
• Establishment of an Internal Complaints Committee in all four regions under the Sexual Harassment of Women at Workplace Act, 2013.
• All tenders above ₹2 lakhs are carried out through the e-procurement mode.
• No cases of unfair trade practices, irresponsible advertising or anti-competitive behavior in the last five years.

Climate Goals & Targets

Environmental Challenges

• Shrinking addressable market due to MSME guidelines/Government regulations (Industrial Packaging).
• De-growth in overall production, sales volume, and topline for Greases & Lubricants.
• Lower sales volume than the previous year for Leather Chemicals.
• Reduction in loaded Import arrivals to CFS (Logistics Infrastructure).

Mitigation Strategies

• Shifting from volume-driving aggressively priced tender businesses to profitable non-tender businesses (Greases & Lubricants).
• Process improvement and Operational Excellence initiatives (Leather Chemicals).
• Focus on technology upgradation (Refinery & Oil Field Services).

Supply Chain Management

Responsible Procurement

• Criteria on abstinence from child labour, forced labour, health & safety compliance and non-discrimination.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 9001, ISO 14001, OHSAS 18001

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 6 (Clean water and sanitation)
• Goal 13 (Climate action)
• Goal 4 (Quality education)
• Goal 3 (Good health and well-being)

Various initiatives contribute to these goals through energy efficiency, water conservation, emissions reduction, education, and health programs.

Sustainable Products & Innovation

• Biodegradable lubricants and environment friendly tribological solutions.

Awards & Recognition

• Economic Times Best Brands 2019 (Balmerol Lubricants)
• Best Lubricants Supplier Award from Tata Motors
• 1st prize for “Best Practices in Cold Storage” (TCW, Hyderabad)
• Silver Award for manufacturing competitiveness (IP, Asaoti)
• Ecovadis Silver rating
• 4-star rating for Commitment to EHS practices (LC, Chennai)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Cumulative generation of 5,87,355.20 units of solar energy in FY 2020-21.
• Preventing 800 tons of Carbon Dioxide emissions from manufacturing cold chain operations.
• Zero effluent discharge facilities (C-Chennai, G&L-Chennai, IP-Vadodara, IP-Chittoor, IP-Chennai, IP-Navi Mumbai and CFS-Navi Mumbai).

Social Achievements

• Spent ₹514.15 Lakhs during FY 2020-21 towards various CSR activities.
• Cold Chain Unit at Rai, Haryana won the Cold Chain Award from CII.
• Balmer Lawrie won the “Business Strategy aligned L&D” Award and Mr. Adika Ratna Sekhar won the "Learning leader of the year" Award.

Governance Achievements

• Corporate Governance practices guided by five principles: accountability, transparency, ethical behavior, stakeholder value enhancement, and community enrichment through CSR and sustainable development.
• Board of Directors met seven times during the reporting period.

Climate Goals & Targets

Environmental Challenges

• Decrease in petroleum prices, disruption in supply chain & reduced demand during worldwide lockdown due to the Covid-19 pandemic impacted economic performance.
• COVID-19 pandemic led to compressed demand across industry segments with sales volumes under pressure in Industrial Packaging.
• COVID-19 pandemic made a massive dent on the travel industry in FY 2020-21.

Mitigation Strategies

• Corporate restructuring in Travel & Vacations saved infrastructure and other fixed overheads by ₹3.40 crores annually.
• Focus on air export and project cargo handling for private customers in Logistics Services.
• Technology upgrades and new technologies for reducing processing time and manual intervention in sludge processing in Refinery & Oil Field Services.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards “In Accordance - Core”

Certifications: ISO 9001, ISO 14001, OHSAS 18001, ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Awards & Recognition

• Cold Chain Award (CII)
• “Business Strategy aligned L&D” Award (ASCC and IIPA)
• ‘Sustainable HR Leaders (PSU)’ Award (World HRD Congress)
• ‘ALL INDIA BEST SUPPLIER LUBRICANTS/DEF WEST (2020-21)’ (Tata Motors Ltd.)
• “WEST BENGAL BEST EMPLOYER BRAND AWARDS 2021” (World HRD Congress)
• Silver rating in National Green Manufacturing Challenge 2021 (Asaoti plant)
• Silver Rating from Ecovadis
• ‘Certificate of Appreciation’ from Customs Jogbani

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Cumulative generation of 5,33,341.60 units of solar energy in FY 2021-22
• Prevention of 421.33 tons of carbon dioxide emissions from manufacturing and cold chain operations
• Zero effluent discharge facilities

Social Achievements

• Spent ₹1048.16 Lakhs on CSR activities in FY 2021-22
• Zero lost-time injuries in FY 2021-22

Governance Achievements

• Strong internal assurance system ensuring data reliability; external third-party assurance not conducted.
• Implementation of various IT initiatives for automation, improved speed and efficiency, energy conservation, emission reduction, enhanced safety, and faster decision-making.

Climate Goals & Targets

Environmental Challenges

• Cutthroat pricing and competition in the logistics infrastructure sector, leading to reduced turnover and profit.
• Loss of substantial production time due to the pandemic in the Refinery & Oil Field Services sector.

Mitigation Strategies

• Focus on margin retention and operational excellence in Greases & Lubricants sector.
• Capturing the market of imported Fat liquors and introducing new chemicals in the Chemicals sector.
• Incremental business in Freight Forwarding (Ocean Freight, Air Export, and Project Logistics) in the Logistics Services sector.
• Advance order booking in the Refinery & Oil Field Services sector.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2016, “In Accordance - Core” criteria

Certifications: ISO 9001, ISO 14001, ISO 45001 (various SBUs)

Awards & Recognition

• Corporate Heritage Recognition 2022
• Gold medal in National Award for Manufacturing Competitiveness (NAMC)
• Topmost Manufacturing Companies (World Leadership Congress Awards)
• Logistics Visionary Team of the Year and Best Warehouse of the Year (Warehouse & Supply Chain Leadership Awards 2022)
• Top Rankers Excellence Award for CEO of the Year
• Topmost Innovation Leaders (Global) award