Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable Supply Chain
• Emissions and Pollutants
• Circular Economy
• Water Management
• Handling of Hazardous Chemicals
• Waste Management
• Community Relation and Engagement
• Product Innovation
• Diversity and equal opportunity
• Product Safety & Quality
• Compliance and Business Ethics

Environmental Achievements

• Registered for the Extended Producer Responsibility program for effective management of plastic waste
• Planning to set up 18.34 Mw wind-solar hybrid project
• Adopting ECH - Glycerol technology which consumes less energy, water and generates less waste
• Upgraded wastewater management by replacing normal wastewater treatment with new age technology, moderating water and power consumption
• Invested in various water conservation schemes
• Replaced and switched to various new technologies to reduce waste generation
• Plan to reduce energy consumption from 0.8476 TOE/T one Equivalent to 0.8106 TOE/ T one Equivalent under the Perform, Achieve, and Trade (PAT) Scheme

Social Achievements

• Conduct regular internal and external audits to ensure strict compliance with relevant regulations
• Honored by the Indian Chemical Council with a ‘Responsible Care’ certification
• Actively participate in CSR activities, including contributions to organizations such as Gujarat Cancer Society and NGOs

Governance Achievements

• Set-up various Committees of the Board of Directors, and of Senior Executives to oversee sustainability-related issues such as Audit Committee, Risk Management Committee, Stakeholders Grievance Committee, Corporate Social Responsibility Committee
• Has an anti-corruption or anti-bribery policy in place

Climate Goals & Targets

Environmental Challenges

• Chemical production produces direct (Scope 1) greenhouse gas (GHG) emissions from fossil fuel burning in manufacturing and cogeneration processes and process emissions from feedstock transformation. In addition to greenhouse gases (GHGs). Chemical manufacturing may also emit air emissions such as sulphur dioxides (SOx), nitrogen oxides (NOx), and hazardous air pollutants during manufacturing.
• Water is a critical input in chemical production. Companies with water-intensive operations face a greater risk of operational disruption due to water scarcity, which can also increase water procurement prices and capital expenditures. Similarly, chemical manufacturing generates process wastewater that must be treated before disposal.
• Chemical company is responsible for managing all risks related to the storage and handling of hazardous chemicals. The improper handling of chemicals and spills can cause harm to the environment or humans and also imposes a heavy fine and reputational risk on the company.
• Typically, waste is generated as part of a company’s operations, captive power plant, maintenance of machinery and office administrative work. Improper waste handling may contribute to air pollution, climate change, and various direct and indirect impacts on the ecosystem.
• The chemical industry has the potential to impact human health and the environment. So, the industry can reduce regulatory risk and grow its market share by coming up with innovative approaches to manage the potential impact of the product by developing an alternate product or reducing toxicity.
• The key issue relevant to business ethics and management of business ethics issues such as fraud, executive misconduct, corrupt practices, money laundering, or anti-trust violations.

Mitigation Strategies

• Implementing sustainable practices and continually strives to reduce energy consumption through the adoption of new technologies. Actively exploring ways to derive energy from renewable sources.
• Upgraded wastewater management by replacing normal wastewater treatment with new age technology. Invested various water conservation schemes.
• Ensures that hazardous materials are handled in a manner that mitigates risks to the environment, employees, and the community. Conducts lot of internal and external heath and safety audits.
• Replaced and switched to various new technologies to reduce waste generation. Registered for EPR to take responsibility for the plastic waste generated by its products and packaging.
• Places a strong emphasis on product innovation. Establishing an R&D center to concentrate on advancing innovative products.
• Strive to extend the principles of risk mitigation across risk categories around a risk management framework that comprises policy, procedures and assessment methodologies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sourced directly from within the district and neighbouring districts

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 9001, ISO 45001, ISO 14001, ISO 50001, Responsible Care from Indian Chemical Council, Halal certification, Koscher certification, EPR

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Responsible Care from Indian Chemical Council

Environmental Metrics

ESG Focus Areas

• Reducing greenhouse gas emissions
• Enhancing energy efficiency
• Increasing renewable energy
• Moderating per unit water consumption
• Moderating per unit waste generation
• Minimizing air emissions
• Employee health and safety
• Community engagement
• Responsible governance

Environmental Achievements

• Commissioned a 65 KLD sewage treatment plant (STP) to facilitate the reuse of treated water
• Recycled and reused hazardous waste in water treatment processes
• Replaced all asbestos sheets with GI sheets
• Discontinued the use of Barium Carbonate and adopted Sulphate Removal System (SRS)
• Allocated 33% land area to a green belt
• Commissioned an 18.34 MW wind-solar hybrid power plant
• Reduced GHG emission (tCO2e/Ton) from 1.68 to 1.60
• Reduced water consumption (Kl) per unit of production from 5.55 to 5.25
• Reduced power consumption (GJ) per unit of production from 20.45 to 19.85

Social Achievements

• Provided bicycles to tribal girl students
• Organized health checks, eye examinations and blood donation camps
• Provided hostel facilities for underprivileged students
• Supported special needs children
• Achieved 2.5 Mn safe work hours without any recordable incident

Governance Achievements

• Moderated the number of Executive Directors on the Board
• Implemented strong internal control procedures
• Completed the IMS annual audit by a third party without non-conformities

Climate Goals & Targets

Environmental Challenges

• Market downturn with lower demand and weaker realizations
• Shift in business model from bulk chemicals towards niche Derivatives and Specialty chemicals
• Depressed realizations across most specialty and bulk chemicals
• Compromise in the operational conditions of the plant affecting employee and community safety
• Greenhouse gas emissions, process emissions and air pollutants
• Significant water usage and wastewater disposal
• Improper management of hazardous chemicals
• Inadequate management of processes enhancing air pollution
• Risks concerning product safety and quality
• Ethical breaches

Mitigation Strategies

• Invested H405 Cr in capital expenditure
• Focused capital allocation on import substitute products
• Enhanced manufacturing capacities of products resistant to demand/realization swings
• Implemented stringent safety protocols, including redundancy in plant design
• Implemented innovative technologies to reduce energy usage and explore renewable energy sources
• Adopted sustainable technology practices to decrease water and power consumption
• Implemented protocols for handling hazardous materials
• Implemented technologies to minimize waste generation and conserve resources
• Maintained product safety through environmental and social information on packaging and certifications
• Implemented a risk management framework with policies, procedures and evaluations

Supply Chain Management

Supplier Audits: 80%

Responsible Procurement

• Sustainable sourcing

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001, RSPO, REACH, Halal, Kosher, Responsible Care

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 1: No Poverty
• SDG 2: Zero Hunger
• SDG 3: Good Health and Well-being
• SDG 4: Quality Education
• SDG 5: Gender Equality
• SDG 7: Affordable and Clean Energy
• SDG 9: Industry, Innovation and Infrastructure
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action

Not disclosed

Sustainable Products & Innovation

• Epichlorohydrin from Glycerol

Awards & Recognition

• Responsible Care certificate from Indian Chemical Council