Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption per unit of production by 4.00% in light diesel oil and by 2.00% in natural gas. Waste heat recovery from flue gases reduced fossil fuel use for warm water.
• Significant reduction in freshwater consumption at Pimpri site.
• Installed a solar power plant with 250 kWp capacity, reducing CO2 emissions by almost 242 tons in 2021.

Social Achievements

• Continued various collaborative programs like Uddolana and virtual engagement initiatives for employee communication.
• Maintained peaceful and harmonious industrial relations.
• Contributed generously to PM CARES and PMNRF for Covid-19 relief measures.

Governance Achievements

• Appointment of Mr. Nandkumar Dhekne as an Additional Independent Director.
• Re-appointment of Mr. Milind Talathi as Whole Time Director.
• Re-appointment of Mr. Srikumar Ramakrishnan as Managing Director (subject to shareholder approval).

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting employee safety, operations, supply chain, and raw material costs.
• Cyberattack on IT operating systems in March.
• Fire at the packaging line at Pimpri unit in October.
• Significant raw material inflation.
• Global logistic challenges impacting supply chain.

Mitigation Strategies

• Prioritized employee safety and well-being.
• Quick responses minimized impact of cyberattack and fire incident.
• Global sourcing minimized impact of raw material shortages and price increases.
• Sales team realized price increases to mitigate raw material cost impact.
• Implemented operational improvements to reduce energy consumption.

Supply Chain Management

Responsible Procurement

• Standard operating procedures related to green procurement.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• New differentiated potting products for E-Mobility.
• Niche, value-added wire enamels.
• Epoxy potting systems for automotive sensors complying with BS VI norms.
• Fast curing varnishes reducing oven curing time for customers.