Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Minimising environmental impact through sustainable practices, including reducing greenhouse gas emissions, conserving water and energy, managing waste responsibly, and promoting circular economy principles.
• Investing in innovative technologies and processes to improve resource efficiency and mitigate environmental risks.
• Achieved 86% waste reuse/recycle in FY 2022-23

Social Achievements

• Various social initiatives to uplift the well-being of society, promote education, healthcare, and skills development, and empower marginalized communities.
• Providing a safe and inclusive work environment that fosters diversity, equality, and professional growth.
• Promoting employee well-being, encouraging continuous learning and development, and recognising and rewarding their contributions.

Governance Achievements

• Adhering to the highest standards of business ethics, ensuring fair and responsible practices across operations.
• Striving for transparency in reporting, regularly disclosing sustainability performance and progress towards goals.
• Implementing a robust code of conduct and ethical standards.

Climate Goals & Targets

Environmental Challenges

• Escalating input and energy costs, ongoing volatility in foreign exchange rates.
• Climate change and its impact on energy and water-intensive chemical production.
• Health and safety hazards inherent in chemical operations.

Mitigation Strategies

• Implementing stringent safety measures at all sites, including regular safety audits and provision of personal protective equipment.
• Promoting safety awareness through campaigns and training initiatives.
• Commitment to sustainable manufacturing practices, focusing on reducing utility consumption, extracting value from waste, and adopting clean technologies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable sourcing policy

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001, ISO 45001, ISO 9001, Responsible Care Certification

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Circular-economy-compatible products manufactured from by-products.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Dahej plant achieved a perfect score of 100 out of 100 in the Together for Sustainability (TfS) audit.
• Zero Liquid Discharge (ZLD) system implemented at Hyderabad unit and in Roha and Dahej units. Approximately 60% of treated water is recovered through Reverse Osmosis systems.
• Waste Heat recovery systems are being commissioned to promote the reduction, recovery and reuse of effluents and other utilities.
• All plastic waste is recycled through processors registered with Central Pollution Control Board and post-consumer waste is managed via Extended Producer Responsibility (EPR). Fly ash is fully handed over to brick and tile manufacturers.
• Over 55,000 trees of local species have been planted across 50 hectares of land

Social Achievements

• Harmonious industrial relations across the Company in multiple demographics with zero man-days lost.
• Various programs conducted on a continuous basis to build awareness regarding sexual harassment at the workplace.
• CSR spending of ₹ 13.15 Crores exceeding the mandatory requirement.
• Initiatives such as Mobile Health Units, Palliative Care Services, Laboratory and Diagnostic Services, Adolescent Anaemia Identification program, Mobile Library project, Integrated Child Development Services (ICDS) program, Science, Technology, English and Mathematics (STEM) classes, Remedial Classes, Smart Class setup, and Samaj Suraksha Sankul.

Governance Achievements

• Implementation of an online legal compliance management tool.
• Reaffirmation of strong credit ratings by ICRA Limited.
• Deepak Chem Tech Limited awarded with a rating of [ICRA] A for long-term.

Climate Goals & Targets

Environmental Challenges

• Uneven economic growth, sustained inflationary pressures, higher interest rates, geopolitical challenges (Russia-Ukraine conflict, Middle East skirmishes), higher cost of doing business, lower global consumption (especially in Europe), impacting demand for the chemical industry, cost optimization mode by businesses, leaner inventory levels, destocking by Chinese players, softness in product realisations, volatile demand in certain segments, logistical challenges fuelled by disturbances in the Red Sea, contraction of Phenol spreads due to disproportionate imports, weak spread in Phenolics segment.

Mitigation Strategies

• Sustained demand from end-user industries, increased sales volumes, retaining market share, backward and forward integration projects, exploring new customer opportunities, optimizing procurement, expanding product portfolio, prioritizing strategic relationships, reliable supplies, improved efficiencies, production optimization, output enhancement, optimising assets, driving further production efficiencies, leveraging brand equity and market position to prioritize reliable supplies to key strategic relationships, multi-purpose plants for flexibility, commissioning of multiple opex initiatives, debottlenecking initiatives, targeted initiatives in favourable markets, driving volume-led growth in certain pockets, securing long-term supply of Propylene and Hydrogen via pipeline from Petronet LNG, enhancing supply chain robustness through backward and forward integration, digitalization initiatives (SAP implementation), robust project pipeline, capacity expansion and growth.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: International Integrated Reporting (IR) framework

Certifications: ISO 9001, ISO 14001, ISO 45001, Responsible Care Logo

Third-party Assurance: TÜV SÜD South Asia Private Limited

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Increased share of renewable energy in total energy mix
• Lowered carbon emissions
• Implemented advanced technologies such as Mechanical Vapor Recompression (MVR) for water recycling and recovering raw materials from effluent streams
• Reduced GHG emissions by substituting conventional fuels with alternative sources in boilers

Social Achievements

• Community development efforts focusing on education, healthcare, and skills development
• Cultivated a safe, inclusive, and enriching work environment
• Implemented comprehensive human rights education and skill enhancement programs
• Robust programs covering health, wellness, work-life balance, and rigorous safety measures
• Promoted diversity, inclusion, and equal opportunities

Governance Achievements

• Adherence to highest standards of corporate governance
• Robust code of conduct outlining ethical behavior expectations for all employees
• Regular training on ethical practices and mechanisms for reporting and addressing unethical behavior
• Public reporting on ESG initiatives, including sustainable sourcing
• Active collaboration with industry peers, government, and NGOs

Climate Goals & Targets

Environmental Challenges

• Climate change and emissions
• Occupational health and safety
• Corporate governance in a volatile chemical industry
• Sustainable supply chain
• Product stewardship

Mitigation Strategies

• Commitment to sustainable manufacturing practices, reducing utility consumption, extracting value from waste, adopting clean technologies, and enhancing energy efficiency
• Stringent safety measures at all sites, regular safety audits, provision of appropriate personal protective equipment, and safety awareness campaigns
• Robust governance practices, transparency in financial reporting, ethical decision-making processes, effective risk management, and a culture of accountability and integrity
• Robust logistics and distribution network, secure transportation with GPS tracking, and organized warehousing
• Protocol to assess ESG impacts of products during development stages, calculation of carbon footprint, and planning to conduct Life Cycle Assessments (LCA)

Supply Chain Management

Responsible Procurement

• Standard terms of Contracts with Value Chain partners requiring compliance with legal requirements for statutory dues

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEBI BRSR

Certifications: ISO 45001, ISO 14001, ISO 9001

Third-party Assurance: TÜV SÜD South Asia Private Limited

Awards & Recognition

• Ecovadis Bronze Medal