Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• Community Development
• Human Rights
• Business Ethics

Environmental Achievements

• Implemented measures for energy conservation, resulting in cost and energy savings.
• Installed new Sewage Treatment Plant at Abu Road plant, reusing treated water for gardening.
• Implemented Zero Liquid Discharge mechanism, reusing treated water for green belt development.
• Reduced air emissions (NOx, SOx, PM) at both plants.

Social Achievements

• Highest ever production levels of ABS and saleable SAN, achieving 96.71% capacity utilization.
• Impressive sales volume growth of 23.19%.
• Undertook various staff welfare measures/activities.
• Implemented a Policy on Prevention of Sexual Harassment (PoSH).
• Extended helping hand to the public at large through CSR activities (amount spent: 2432.49 lakhs).

Governance Achievements

• Complied with all applicable provisions of Secretarial Standards issued by the Institute of Company Secretaries of India.
• Implemented a vigil mechanism through the adoption of Whistle Blower/Vigil Mechanism Policy.
• Maintained adequate Internal Financial Control systems.

Climate Goals & Targets

Environmental Challenges

• Global economic slowdown, high inflation, Russia-Ukraine conflict.
• Import dependency on key raw materials (Styrene and Acrylonitrile monomers), exposing the business to foreign exchange fluctuations and supply chain disruptions.
• Fluctuation in diesel and coal prices.

Mitigation Strategies

• Optimally utilized production facilities.
• Maintained appropriate level of inventories for smooth operations.
• Took various steps for energy saving by way of efficient equipment and alternative sources of energy.
• Long term contracts for smooth supply of basic raw materials.

Supply Chain Management

Supplier Audits: NA

Responsible Procurement

• Sustainable sourcing practices
• Evaluation of supply chain partners on environment, health & safety and sustainability parameters

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 9001-2015, BIS Certification for ABS Grades as per IS 17077 (Part 1):2022

Third-party Assurance: Azad Jain & Co Chartered Accountants

Environmental Metrics

ESG Focus Areas

• Occupational Health and Safety (OHS)
• Environment Safety
• Business Ethics
• Compliance
• Governance
• Waste Management
• Water Stewardship
• Human Rights
• Labour Conditions
• Supply Chain Management
• Community Development

Environmental Achievements

• Implemented Zero Liquid Discharge mechanism
• Reduced air emissions (NOx, SOx, PM) at both plants (quantified data available in the report)
• Waste recycling and reuse initiatives (details in the report)
• Improved natural lighting on workplace by installing transparent roof sheet in shade area

Social Achievements

• Highest ever production levels of ABS and saleable SAN aggregating to 75152 TPA
• Various staff welfare measures/activities to strengthen unity
• Implemented a Policy on Prevention of Sexual Harassment (PoSH)
• CSR initiatives (details in the report)

Governance Achievements

• Implemented a robust risk management framework
• Established a vigil mechanism through the adoption of Whistle Blower/Vigil Mechanism Policy
• Complied with all the applicable provisions of Secretarial Standards issued by the Institute of Company Secretaries of India
• Obtained BIS Certification for ABS Grades as per IS 17077 (Part 1): 2022

Climate Goals & Targets

Environmental Challenges

• Risk of foreign exchange fluctuations due to import dependency of key raw materials
• Disturbances in the supply chain due to the war between Russia and Ukraine
• Shortage of semiconductors in the global market impacting the automobile industry

Mitigation Strategies

• Long-term contracts for smooth supply of basic raw materials
• Maintaining appropriate levels of inventories
• Various steps for energy saving by way of efficient equipment and alternative sources of energy

Supply Chain Management

Supplier Audits: NA

Responsible Procurement

• Sustainable sourcing procedure

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 9001-2015, BIS Certification for ABS Grades as per IS 17077 (Part 1): 2022

Third-party Assurance: Azad Jain & Co Chartered Accountants