Acrysil Limited
Climate Impact & Sustainability Data (2014-15)
Reporting Period: 2014-15
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility
Social Achievements
- Undertook several initiatives under the CSR program. A major amount was given to the Rotary Club of Bhavnagar for education and care of extremely poor children.
Governance Achievements
- Implemented a Whistle Blower Policy
- Carried out performance evaluation of its own, the Board Committees and of the Independent directors.
- Formulated criteria for determining Qualifications, Positive Attributes and Independence of a Director as also a Policy for remuneration of Directors, Key managerial Personnel and senior management.
- Formulated a Related Party Policy
- Formulated a Policy on determining material Subsidiaries
Climate Goals & Targets
Environmental Challenges
- Technological obsolescence
- Competition from Indian and multinational companies
- Exchange rate risks
- Rising costs of raw materials
Mitigation Strategies
- Continuously reviews and upgrades its technology, resources and processes
- Developed competencies in various technologies and offers a wide range of cutting edge technology products
- Taken proper precautions to protect its payable and forecast revenues against foreign currency fluctuations
- Uses economies of scale and purchasing power to limit the pressures of increasing input costs
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Sani-Q wash basins
- Micro radius stainless steel sinks
- Square stainless steel sinks
- 3D quartz wall tiles
Awards & Recognition
- Red Dot and IF design awards