Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental Performance
• Social Performance
• Sustainable Sourcing and Product Stewardship

Environmental Achievements

• Reduced energy intensity by 12.66 MWh/million tubes
• Recycled and reused over 3100 metric tonnes of laminate in India plants
• Platina 250 tubes recognized by Association of Plastics Recyclers (APR), USA, as meeting or exceeding the most strict APR HDPE CRITICAL GUIDANCE criteria.
• Organic GML 300 based laminated tube recognized by Association of Plastics Recyclers (APR), USA as meeting or exceeding the APR HDPE CRITICAL GUIDANCE criteria.

Social Achievements

• Strengthened core HR processes and people practices
• Conducted Employee Engagement surveys since 2010
• Implemented a comprehensive Safety, Health and Environment (SHE) Policy across all manufacturing plants
• Undertook community interventions in waste management and skill-based livelihoods

Governance Achievements

• Formation of a ‘Sustainability Steering Committee’
• Established a three-tiered governance structure for sustainability
• Maintained highest standards of corporate governance aligned with best practices

Climate Goals & Targets

Environmental Challenges

• Tough macroeconomic environment impacting customer offtake in India and China
• Managing packaging’s end-of-life
• Developing recyclable barrier tubes without compromising barrier properties

Mitigation Strategies

• Developed recyclable barrier tubes (Platina and Organic GML)
• Implemented robust, comparable, and comprehensive indicators to help assess water-related risks
• Initiated the process for establishing mechanisms to account Scope 3 emissions

Supply Chain Management

Supplier Audits: 14-pillar assessment including environmental, social and governance considerations

Responsible Procurement

• Sustainable alternative to polymers
• Sustainable procurement policy (in development)
• Supplier sustainability code of conduct (in development)
• Screening mechanism for assessing suppliers on environmental and social criteria (in development)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN Sustainable Development Goals (SDGs), Government of India’s National Voluntary Guidelines (NVGs), EcoVadis CSR Assessment

Certifications: ISO 14001 (or equivalent), APR certification for Platina and Organic GML

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17

See Annexure 2

Sustainable Products & Innovation

• Platina
• Green Maple Leaf
• Etain
• Organic Green Maple Leaf

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Rural Development
• Environment
• Healthcare
• Education
• Relief and Rehabilitation

Environmental Achievements

• Community Waste management project in Thane, Maharashtra

Social Achievements

• EPL – Covid 19 CSR Program – (Food and articles distribution)
• Million Meals Initiative
• Covid Relief Project
• Distribution of PPE Kits and Medical Instruments to for COVID-19
• Educational CSR program in Himachal Pradesh, Solan
• Distribution of LED Flood Lights in Goa, Aldon, Bardez
• Distribution of Solar Lights in Maharashtra, Vasind
• Water Project in Maharashtra, Wada and Vasind

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Stewardship
• Governance

Environmental Achievements

• Reduced Scope 1 and Scope 2 emissions by a significant percentage in FY 2022.
• 13,709 tCO2e emissions saved
• 82% of water recycled
• 36% reduction in hazardous waste
• EPL Germany plant transitioned to 100% renewable hydroelectric energy.
• All EPL plants switched to LED lighting, reducing electricity demand by half.

Social Achievements

• INR 26.27 million spent on CSR
• Zero fatalities in FY 2021-22
• Improved employee engagement score to 69% in 2021 from 66% in 2020.
• 303 apprentices received on-the-job technical training.
• Launched ‘War on Waste’ initiative, resulting in significant scrap reduction across various units.

Governance Achievements

• Achieved an A- CDP rating in Climate Change and an A rating in Supplier Engagement.
• Received the ‘Best Governed Company’ Award for Excellence in Corporate Governance.
• 83% of operating sites across 9 countries SEDEX audited in the last two years.
• Zero cases of bribery and corruption reported for FY 2021-22.
• Global certification on ISMS (Information Security Management System) – ISO 27001.

Climate Goals & Targets

Environmental Challenges

• Rising raw material prices (polymers, foils)
• Supply chain disruptions due to the COVID-19 pandemic and geopolitical issues.
• Workforce issues and procurement challenges.
• Transportation difficulties and inflation.

Mitigation Strategies

• Reduced raw material consumption and accelerated cost savings.
• Improved operational efficiencies and streamlined supply chain.
• Developed alternative sourcing strategies and risk management principles.
• Increased supply chain visibility and agility.
• Yearly agreements with forwarders/shippers to avoid sudden freight cost increases.

Supply Chain Management

Supplier Audits: 83% of operating sites SEDEX audited; 100% of suppliers undergo selection process; 77% of supplier spend aligned with SSCOC.

Responsible Procurement

• Supplier Sustainability Code of Conduct (SSCOC)
• Sustainable procurement practices
• ISO 20400 implementation
• Use of recycled and renewable raw materials

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, UN SDGs, UNGC Principles, Government of India’s National Voluntary Guidelines (NVGs), EcoVadis CSR Assessment

Certifications: ISO 14001, ISO 50001, ISO 45001, ISO 27001

Third-party Assurance: Ernst & Young Associates LLP

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 10
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 16
• Goal 17

Various initiatives contribute to these goals, as detailed throughout the report.

Sustainable Products & Innovation

• Platina™ range (100% recyclable)
• Etain (fully recyclable with up to 50% PCR)
• Platina™ Pro ME (recyclable with metallic look)
• Platina™ Pro Vision (recyclable with enhanced transparency)
• Organic Green Maple Leaf (up to 50% biogenic carbon)

Awards & Recognition

• World Star Global Packaging Award
• SIES SOP Awards
• EcoVadis Silver Medal
• Best Governed Company Award
• CDP A- (Climate) and A (Supplier Engagement)
• Supply Chain Leader of the Year Award

Environmental Metrics

ESG Focus Areas

• Community welfare
• Education
• Healthcare
• Skill development
• Environmental sustainability

Environmental Achievements

• Not disclosed

Social Achievements

• Construction of school classrooms, library, college classrooms, distribution of computers to colleges, solar generating systems and other infrastructure.
• Water projects
• Paver block projects
• Renovation of Primary Health Center
• Distribution of healthcare equipment to hospitals
• Electrical work at school
• Skill training programs
• Contribution to Akshaya Patra Foundation (eradication of hunger)

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Constraints of manpower and volunteers on part of implementing agency for community waste management project

Mitigation Strategies

• The company is well planned and ready to spend for the next year which is within the project term of 3 years.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Governance

Environmental Achievements

• Reduced Scope 1 and Scope 2 emissions by 2%
• Recycled 90% of non-hazardous waste
• Recycled 100% of hazardous waste
• Reduced water withdrawal
• Increased renewable energy consumption to 18% of total energy use

Social Achievements

• Launched Supplier Diversity Program
• Increased female workforce to 28%
• Employed 67+ specially-abled employees
• Provided 39,364 training hours
• Achieved zero fatalities

Governance Achievements

• Achieved EcoVadis Gold rating (top 5% globally)
• Implemented a comprehensive Whistle-blower Policy
• Implemented ISO 27001:2013 Information Security Management System
• Achieved ISO 14001, ISO 45001, ISO 20400, ISO 27001, ISO 50001, ISO 9001, and BRCGS certifications

Climate Goals & Targets

Environmental Challenges

• Escalation in raw material prices
• Currency volatility
• Economic volatility
• Market competition

Mitigation Strategies

• Incorporated cost escalation into long-term customer contracts
• Identified alternative sources of materials and suppliers
• Diversified product portfolio
• Enhanced employee benefits
• Automation of processes
• Hedging trade and capital exposures
• Continuous monitoring of emerging trends
• Focus on cost containment and improving efficiency
• Investment in innovation and sustainable products

Supply Chain Management

Supplier Audits: 100% of suppliers assessed for social impacts; 100% of strategic suppliers assessed for CSR

Responsible Procurement

• Supplier Sustainability Code of Conduct
• ISO 20400 certification
• Supplier training on sustainable practices
• Increased use of recycled materials

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, UN SDGs, UNGC, EcoVadis, SBTi

Certifications: ISO 14001, ISO 45001, ISO 20400, ISO 27001, ISO 50001, ISO 9001, BRCGS

Third-party Assurance: SGS India Pvt. Ltd.

UN Sustainable Development Goals

• SDG 3
• SDG 6
• SDG 7
• SDG 8
• SDG 9
• SDG 10
• SDG 12
• SDG 13
• SDG 15
• SDG 16
• SDG 17

Initiatives contribute to these goals through various environmental, social, and governance programs.

Sustainable Products & Innovation

• Etain
• Platina Pro Me
• Platina Pro Vision
• Green Maple Leaf
• Organic Green Maple Leaf
• Platina

Awards & Recognition

• EcoVadis Gold rating
• Dun & Bradstreet ESG Warriors of India
• Commitment to Environment Excellence award
• Iconic Platinum awards – Best Company to Work For
• Best Employer Brand Award 2022
• HP Sustainability Champion Award

Environmental Metrics

ESG Focus Areas

• Environmental impact reduction
• Recycling initiatives
• Employee well-being
• Diversity and inclusion
• Circular economy

Environmental Achievements

• Developed tubes with up to 50% PCR content
• Doubled contribution of sustainable tube volumes to 21% from 10% in the previous year
• Achieved a Green rating from the Ellen MacArthur Foundation for the second consecutive year
• Received an “A” leadership rating in the CDP 2023 Supplier Engagement rating
• 100% of hazardous waste recycled
• 21% of total renewable energy used globally

Social Achievements

• Prioritizes the well-being and development of our employees, customers, and communities
• CSR initiatives recognized by the World HRD Congress with an award for best CSR processes
• Hired 59 specially-abled individuals across six locations in India
• Women account for 29% of the workforce
• Ecovadis Gold rating

Governance Achievements

• Achieved an “A” leadership rating in the CDP 2023 Supplier Engagement rating
• All plants are ISO 20400:2017 certified for sustainable procurement
• Adherence to the UN Global Compact Charter’s ‘Ten Principles’
• Zero reported cases of human rights violations

Climate Goals & Targets

Environmental Challenges

• Economic instability
• Inflationary pressures
• Geopolitical tensions
• Supply chain disruptions
• Fluctuating raw material costs
• Evolving consumer demands for sustainability
• Currency volatility
• Economic downturn
• Competition
• Wage increases
• Information security risk
• Attracting and retaining talent
• Regulatory and sustainability changes
• Natural disasters
• Risks related to existing manufacturing

Mitigation Strategies

• Raw material cost escalation pass-through clauses in long-term contracts
• Alternate supply sources
• Pass-through clauses to offset material costs from exchange rate fluctuations
• Hedging exposures using forward contracts
• Aligning transactional currencies with the reporting currency
• Engaging with suppliers and customers
• Monitoring consumption trends
• Strong business development pipeline
• Focus on cost containment
• Superior quality, shorter lead times, and high service levels
• Investment in technology-driven innovation and sustainable products/processes
• Leveraging automation and improving asset productivity
• Comprehensive measures, including training, multi-layered controls, and regular backups
• Fostering an empowered organizational culture, offering career planning, competitive remuneration, performance management systems, performance-linked pay, stock options, and skills and competency training
• Viewing regulatory and sustainability changes as opportunities
• Comprehensive disaster recovery plans
• Allocating capacity across multiple locations

Supply Chain Management

Supplier Audits: 100% of strategic suppliers

Responsible Procurement

• Supplier Sustainability Code of Conduct
• ISO 20400:2017 certification

Climate-Related Risks & Opportunities

Opportunities

• Renewable energy transition

Reporting Standards

Frameworks Used: GRI, CDP, Ellen MacArthur Foundation

Certifications: ISO 14001:2015, ISO 50001:2018, ISO 45001:2018, ISO 20400:2017, ISO 27001:2013

Third-party Assurance: SGS India

Sustainable Products & Innovation

• Platina Tubes
• Tubes with up to 50% PCR content

Awards & Recognition

• Ecovadis Gold rating
• Green rating from the Ellen MacArthur Foundation
• “A” leadership rating in the CDP 2023 Supplier Engagement rating
• World HRD Congress award for best CSR processes