Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Invested H20.82 Crore on effluent treatment plant upgradation to deepen the commitment towards environment sustainability.
• Utilized renewable agricultural resources that sustain livelihood for hundreds of farmers and contributes to their economic well-being.
• Moderated logistics costs, accessed superior raw material and enhanced end product quality and consistency
• Delivered among the lowest water and power consumption benchmarks in India’s agro-based paper sector

Social Achievements

• Engaged deeper with trade partners resulting in a quicker liquidation of inventory
• Undertook community-supporting initiatives. The Company’s engagement extended to farmers, youth and women in the villages around its plants. The Company’s engagements covered education, healthcare and rural infrastructural development.
• Incurred H65.99 Lakh in CSR activities in FY 2022-23 directly benefitting many people residing in the local area.
• Reported low attrition against a higher industry average in FY 2022-23

Governance Achievements

• Strengthened its environmental integrity. The Company’s operations were benchmarked with the most demanding environment compliances. The Company’s operations were never censured for non-compliance or transgression.
• Maintained cordial employee relations throughout the year.
• Established a state-of-the-art effluent treatment plant and chemical recovery unit for recycling the black liquor manufactured in the pulping process.

Climate Goals & Targets

Environmental Challenges

• Managing waste and by-products from the paper-making process, reducing energy consumption and adhering to stringent environmental regulations.
• Challenges related to the introduction, stabilization and acceptance of a new product developed in the previous year.
• Decline in the export market (offtake and realisations) in the kraft segment.

Mitigation Strategies

• Increased identification and association with new customers and vendors. Offered quality products at most competitive price to attract customers; focused on immediate resolutions to customer queries. Ensured quality and timely delivery.
• Established a state-of-the-art effluent treatment plant and chemical recovery unit for recycling the black liquor manufactured in the pulping process.
• Increased output of niche kraft products.

Supply Chain Management

Responsible Procurement

• Procure major resources through enduring relationships
• Procure economically through proximate procurement
• Establish an edge through superior procurement

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UNGC

Certifications: IS 14490:2018, ISO 9001:2015, FSC

Sustainable Products & Innovation

• Leher and Neer cup stock paper
• Mogra wedding card paper

Awards & Recognition

• Udyog Ratna Award by Himachal Pradesh in 2005
• Appreciation award from Himachal Pradesh Corrugated Box Manufacturers Association in 2009
• Certificate of Excellence from INC 500 in 2013
• Appreciation letter from Nepal Stationery and Education Materials Industries Association
• Appreciation letter from the Ministry of Finance for the prompt filing of returns and payments of GST for FY 2022-23

Environmental Metrics

ESG Focus Areas

• Environmental responsibility
• Social responsibility
• Governance

Environmental Achievements

• Reduced water consumption year-on-year while increasing output by approximately 2%
• Decreased energy consumption per tonne of paper output in the three years ending FY 2023-24
• Strengthened investments in responsible manufacturing

Social Achievements

• Invested ₹133.40 Lakh in social responsibility initiatives in FY 2023-24, focusing on education and healthcare interventions
• More than 50% of CSR spending allocated to areas peripheral to its operating location
• Provided training and skill development programs to enhance the employability of the local workforce

Governance Achievements

• Strengthened governance through a framework directed at enhancing process discipline, transparency, stakeholder focus, environment integrity and digitalisation
• Established a diverse and experienced Board of Directors
• Implemented a Code of Conduct outlining values and expectations for employees and executives

Climate Goals & Targets

Environmental Challenges

• Global weakness in realisations for pulp and paper
• Increased imports accelerating decline in realisations
• Lower demand for packaging paper from the country’s FMCG sector due to sluggish rural offtake

Mitigation Strategies

• Entered into an arrangement for the procurement of coal directly from Coal India Ltd for the next five years to enhance long-term competitiveness
• Increased the stocking of wheat straw resource following a decline in costs to create a competitive hedge
• Introduced new kraft paper varieties to address emerging requirements and maintain profitability

Supply Chain Management

Responsible Procurement

• Sourcing 50% of agro-resources from within a 50 km radius

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indian Accounting Standards (Ind AS)

Certifications: IS 14490:2018, ISO 9001:2015, FSC

Third-party Assurance: Moudgil & Co., Chartered Accountants

Sustainable Products & Innovation

• New kraft paper varieties for soup bowls, popcorn tubs, paper bags, and high-strength packaging solutions
• Mogra brand for wedding cards
• Leher brand for disposable paper cups

Awards & Recognition

• Udyog Ratna Award (2005)
• Appreciation award from Himachal Pradesh Corrugated Box Manufactures Association (2009)
• Certificate of Excellence from INC 500 (2013)