Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Commissioned new projects to expand business and manufacturing capabilities, without de-prioritizing safety protocols and health of its personnel.
• Proposed to set up a recycling plant each in Poland and Mexico to reduce plastic pollution.
• Started offering packaging laminates using up to 20% Post-Consumer Recycled (PCR) PET Resin in India.
• Developed high barrier mono-polymer recyclable laminates in flexible packaging.
• Developed a range of low on carbon footprint packaging films.
• Developed highly durable and security-proofed water-resistance courier bags made of high-fibre brown kraft paper with water-repellent coatings for the e-commerce sector.

Social Achievements

• Maintained healthy, cordial and harmonious industrial relations at all levels.
• Took various measures to take care of the livelihoods of its employees, their safety and security during the pandemic (providing masks, hand sanitizers, disinfectants, conducting regular temperature checks, providing medical facilities).

Governance Achievements

• Ensured compliance with the provisions of Corporate Governance as prescribed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• Established a comprehensive Code of Conduct applicable to all directors and senior management.
• Implemented a Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Initial administrative and supply chain challenges in some countries during the initial lockdown period due to the COVID-19 pandemic.
• Fluctuating raw material prices and stringent regulation on packaging material waste.
• Immense Competition from the domestic and international player.
• Poor Infrastructure facilities for recycling.

Mitigation Strategies

• Continued non-stop production and commissioned new projects to meet the burgeoning demand for packaging materials.
• Developed a host of new sustainable solutions such as sustainable laminate structure with reduced plastic use, packaging laminates using up to 20% Post-Consumer Recycled (PCR) PET Resin, high barrier mono-polymer recyclable laminates.
• Developed green inks and water-based inks that are permitted by the regulatory authorities and are safe to be used in packaging of consumables.
• Developed tubes and laminate structures that use reduced plastic at source.
• Aggressively building recycling infrastructures to give a new life to plastic.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Biodegradable Packaging material
• Flexible packaging material with PCR content
• Moulded components using internally recycled granulates
• Sustainable laminate structure with reduced plastic use
• Packaging laminates using up to 20% Post-Consumer Recycled (PCR) PET Resin
• High Barrier mono-polymer recyclable laminates
• Low on carbon footprint packaging films
• Water-resistance Courier Bags
• Green inks and water-based inks
• Tubes and laminate structures that use reduced plastic

Awards & Recognition

• Packaging Gateway Excellence Awards 2020 (Environmental Impact)
• AIMCAL 2020 Awards (Product Excellence, Technical Excellence)
• The Most Admired Brand of 2020 (ASEPTO)
• Inspirational Leaders of India 2020 (Ashwani Sharma)
• WorldStar Packaging Awards 2021 (three wins)
• SIES SOP Star Awards 2020 (five wins)
• 8th Exceed Occupational Health, Safety Award 2020

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Signed a Power Purchase Agreement (PPA) to source renewable power for Dharwad plant.
• Developed several innovative packaging technologies that improve agility of our customers while being environmentally sustainable.
• Developed FlexiTubes produced using less plastic without compromising on product integrity.
• Engaged with 13 schools and educated more than 4000 students on ecological balance and environmental sustainability.

Social Achievements

• Implemented various training programs for employees covering various aspects of ESG and other topics.
• Introduced a new, fully automated slim plating line, reducing employee fatigue and strain.
• Implemented robust mechanisms and procedures for efficient handling of waste, including recycling and reuse.
• Established a comprehensive safety framework across all business segments.

Governance Achievements

• Established a three-member "CSR Committee" responsible for strategizing and making decisions on CSR and Sustainability related issues.
• Implemented an Anti-Corruption Policy.
• Conduct internal as well as independent assessment/ evaluation of the working of policies periodically.

Climate Goals & Targets

Environmental Challenges

• Environmental Impact: Risks such as environmental degradation, pollution, resource depletion and legal liability.
• Disaster and risk management: Potential risks such as disruption, damage, and loss resulting from unforeseen events or emergencies.
• Business Ethics & Integrity: Potential risks including ethical breaches, reputational damage, and legal liability.

Mitigation Strategies

• Emphasizing rigorous adherence to environmental regulations and fostering awareness among value chain partners.
• Strategizing disaster and risk response through conducting in-depth risk assessment checks; and conducting regular monitoring activities while engaging internal as well as external stakeholders.
• Emphasizing the importance of rigorous policy adherence, efficient implementation, regular internal or external reviews, and comprehensive audits.

Supply Chain Management

Supplier Audits: 59.93% by value

Responsible Procurement

• Sustainable Supply Chain and Responsible Sourcing policy
• Contracts with vendors and partners include a clause requiring compliance with all relevant laws, regulations, and company policies.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2015, ISO 50001, ISO 31000, BRCGS Packaging Materials Issue 6, FSSC22000:2018, ISCC Plus Certification, ISO 22000:2018, SEDEX

Third-party Assurance: Intertek India Private Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Foil Replacement Films
• High-Transparency, High-Barrier Film
• Recyclable BOPET Film
• Biodegradable products

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Circular Economy
• Renewable Energy
• Waste Reduction
• Community Engagement
• Employee Well-being

Environmental Achievements

• 3.5% reduction in waste generation compared to the previous year
• Secured 11.8% of electricity from renewable sources
• Commissioned a PET chips plant and a PCR plant
• 19,000 tCO2e reduction expected from PPAs for renewable energy
• 75% reduction in carbon footprint of Asclepius™ film versus virgin BOPET

Social Achievements

• Sustainability awareness workshops for over 4000 primary school students
• Supported open-air park gyms for underprivileged communities
• Sponsored pond rejuvenation projects
• Awarded “The Most Preferred Workplace in Manufacturing 2023-2024”

Governance Achievements

• Implemented rigorous supply chain management strategies covering 59.93% of suppliers
• Secured seven patents, six copyrights, and one trademark

Climate Goals & Targets

Environmental Challenges

• Fluctuating raw material prices
• Evolving regulations
• Environmental issues
• Supply chain disruptions
• High crude oil prices
• Plastic waste management

Mitigation Strategies

• Product innovation
• Sustainable and value-added solutions
• Backward integration
• Global manufacturing strategy
• Long-term Power Purchase Agreements (PPAs) for renewable energy
• Rigorous supply chain management strategies
• Investment in recycling technologies
• Project Plastic Fix initiative

Supply Chain Management

Supplier Audits: 59.93%

Responsible Procurement

• Sustainable Supply Chain and Responsible Sourcing policy
• Local sourcing

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Clean Water and Sanitation
• Quality Education
• Sustainable Cities and Communities
• Responsible Consumption and Production
• Partnerships for the Goals

CSR activities address several UN SDGs through various initiatives

Sustainable Products & Innovation

• Asclepius™ PCR films
• Biodegradable films
• Recyclable mono-material films
• Foil replacement films
• High-transparency, high-barrier film

Awards & Recognition

• Economic Times Sustainable Organization 2023
• Most Preferred Workplaces in Manufacturing 2023-2024
• National Energy Conservation Awards (NECA) 2023
• SIES SOP Star Awards 2023
• IFCA Star Awards 2023