Climate Change Data

Ratnamani Metals & Tubes Limited

Climate Impact & Sustainability Data (2020-04 to 2021-03, 2022-23)

Reporting Period: 2020-04 to 2021-03

Environmental Metrics

ESG Focus Areas

  • Community well-being
  • Education
  • Healthcare
  • Environmental conservation
  • Gender equality
  • Employee well-being
  • Sustainable sourcing
  • Ethical business practices

Environmental Achievements

  • Installed Roof Top Solar system & wind Power for renewable energy
  • Re-use of treated effluent water in grading and other processes
  • Use of vegetation and food waste in making compost
  • Hazardous wastes disposed to authorised recyclers
  • Treated solid waste disposed to authorised land filling site
  • 3,679 Trees planted

Social Achievements

  • 36 Sanitary complexes built
  • 1,080 Students benefitted through Ratnamani Education Campus
  • Four Female beneficiaries of our vocational training module
  • 22,431 Man hours training
  • Provided medical equipment for surgery to Gujarat Cancer Society, Ahmedabad and ECG machines to Indian Renal Foundation
  • Rebuilt 26 Aanganwadi infrastructure in and around Nenava in Banaskantha district, Gujarat
  • Community service during pandemic: distributing medicines, foodkits, arranging for hospital beds, oxygen cylinders, ambulance services, oxygen concentrators, diagnostic kits & equipment, sanitizers etc

Governance Achievements

  • Implemented work-from-home policies, mask usage, sanitisation at factories and offices, and following all the Government prescribed protocols
  • Established a vigilant mechanism for Directors and employees to report their genuine concerns
  • Complied with the governance requirements provided under the Companies Act, 2013, and SEBI Listing Regulations
  • Adopted policies in line with new governance requirements, including the Policy on Related Party Transactions, Policy on Material Subsidiaries, CSR Policy and Whistle-Blower Policy

Climate Goals & Targets

Environmental Challenges

  • COVID-19 pandemic impact on productivity and mill approvals
  • Supply chain disruptions due to COVID-19
  • Raw material price risk (increase in prices of Nickel, Molybdenum, and Chromium)
  • Raw material availability risk (difficulty in obtaining SS Scrap)
  • Competition risk (competitors bidding at lower costs)
  • Foreign currency exchange rate risk (fluctuations impacting exports and imports)
Mitigation Strategies
  • Implemented work-from-home policies, mask usage, sanitisation at factories and offices, and following all the Government prescribed protocols
  • Optimised costs and maximised cash generation
  • Continued capex drive to build capacities
  • Robust foreign exchange hedge mechanism (forward contracts, futures contracts, options, and swaps)
  • Booking raw material as soon as orders are received
  • Network of reliable suppliers
  • Stringent quality control systems and long-standing customer relationships
  • Value-added products and niche markets

Supply Chain Management

Responsible Procurement
  • 80% sourcing of consumables and services from local vendors
  • Opportunities given to MSMEs/SMSEs

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs)

Certifications: ISO 9001, OHSAS 18001, ISO 14001

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:50,000 Metric tonnes of CO2 equivalent (Scope 1 and 2 combined)
Scope 1 Emissions:8,952.54 tCO2e/year
Scope 2 Emissions:40,011.22 tCO2e/year
Renewable Energy Share:42 MWh (captive solar and wind plant)
Total Energy Consumption:410 TJ/year
Water Consumption:3,43,142 KL/year
Waste Generated:1,001.99 metric tons/year
Carbon Intensity:0.11 MT CO2e/ INR Lakh revenue (Scope 1 and 2)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Commissioned 15 MW solar project (approx. ₹50 Crores investment)
  • Replaced traditional electrical fittings and machinery with energy-efficient technologies
  • Adopted circular economy principles (reducing, recycling, reusing resources)
  • Prioritised sustainable sourcing from multinationals with ESG initiatives
  • Rainwater harvesting and natural disaster schemes implemented

Social Achievements

  • Implemented best-in-class health and safety practices
  • Promoted employee learning and growth through training
  • Leveraged CSR funds for social initiatives (education, healthcare)
  • Implemented robust internal controls for integrity, transparency, and accountability
  • Workers’ Development Program and Smooth Mobilization of Employees

Governance Achievements

  • Implemented robust internal controls for improving integrity, transparency and accountability
  • Various formal policies focused on Responsible Business conduct
  • Dedicated teams and/or functional committees to oversee effective implementation of policies

Climate Goals & Targets

Environmental Challenges

  • Increased temperature and heat waves causing health and safety risks
  • Water scarcity impacting production processes
  • Extreme weather events disrupting operations and causing infrastructure damage
  • Macroeconomic, sectoral, and market risks impacting business prospects
  • Financial risks from exchange rate fluctuations and interest rate risk
  • Operational risks from fixed costs and raw material/energy price volatility
  • Regulatory and compliance risks from stringent norms
  • Talent risk from loss of senior management and labor disputes
  • IT technology risk from data loss due to cyberattacks
Mitigation Strategies
  • Implementing newer technology & devices to maintain cooler temperatures
  • Building sheds and planting trees to reduce surface temperatures
  • Implementing water storing facilities to maintain reserves
  • Leveraging wide sectoral exposure, geographic footprint, and value-added products
  • Using back-to-back bookings to mitigate input price volatility
  • Approving forex management and hedging policies
  • Managing interest rate swaps on foreign currency borrowings
  • Securing adequate financial resources to fund growth
  • Strategically sourcing products from domestic and international markets
  • Focusing on cost optimization measures
  • Actively pursuing a supplier diversification strategy
  • Continuously scanning regulatory frameworks
  • Closely monitoring trade policies
  • Implementing employee-friendly programs and policies
  • Fostering a culture of continuous learning
  • Ensuring all critical business applications are hosted on Tier IV data centre
  • Setting up Disaster Recovery sites in different seismic zones
  • Implementing cyber-security assessments

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct
  • Evaluation of new partners on ESG parameters
  • Preference for suppliers from nearby locations

Climate-Related Risks & Opportunities

Physical Risks
  • Increased temperature and heat waves
  • Water scarcity
  • Extreme weather events
Opportunities
  • Increased demand for products in renewable energy and water infrastructure

UN Sustainable Development Goals

  • SDG 1
  • SDG 3
  • SDG 4
  • SDG 8
  • SDG 9
  • SDG 11
  • SDG 12
  • SDG 13
  • SDG 14
  • SDG 15

Various ESG and sustainability initiatives contributed to these goals

Awards & Recognition

  • Gold Trophy in National Safety Convocation
  • Best Sustainability in Manufacturing Award at the ESG Summit