Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance & Business Ethics
• Wastewater Management
• GHG emissions
• Energy management
• Supply Chain Management
• Employees
• Community Development
• Risk Management and Cyber Security

Environmental Achievements

• Converted the boiler fuel from Furnace oil to R-LNG in Plant -1
• Implementation of United Nations Development Programme (UNDP) approved Blowing Agents (BA) and phase down of Hydrofluorocarbon (HFC) based BA
• Reduction in energy consumption and in turn reduction in emission through improved management at factories/ offices

Social Achievements

• Established and implemented effective mechanisms to protect employees from workplace hazards / injuries
• Recurrent training programs are conducted to all relevant stakeholders in order to mitigate health and safety risks from our business operations/activities
• MPL’s CSR programmes are focused on thrust areas of community development such as water and sanitation, better education and health infrastructure

Governance Achievements

• Strong corporate governance is essential for attaining the overall mission of the company and reinforces stakeholder trust, company reputation and business growth.

Climate Goals & Targets

Environmental Challenges

• Environment issues arising due to disposal of effluent to sea
• Delay in R- LNG to MPL Plants.
• MPL’s manufacturing processes involve energy consumption which also results in GHG emissions
• Inefficiencies in the supply chain and high dependency on limited suppliers / vendors can cause supply chain disruptions in case of external shocks
• Health and safety of employees are critical aspect for ensuring employee welfare and overall productivity
• Inadequate enterprise risk mapping and Management system leads to inefficiencies across the entire business operations, resulting in financial burdens and lower brand value.

Mitigation Strategies

• Full-fledged ETP system is in place to treat the Trade effluent with Biological Oxidation technology and the treated effluent discharges are meeting the prescribed norms of PCB for marine disposal
• Agreement signed with IOCL for supply of R-LNG. As an interim arrangement low Sulphur furnace oil is sourced to mitigate environmental issues.
• Installation of energy- efficient machinery and equipment across our Plants
• Close monitoring and supervising of the energy consumption at our Plants and taking remedial action, wherever required
• Focussed approach on avoiding wasteful consumption. Conducting training and development programmes on energy-saving and emission reduction practices to all employees / workers.
• Regular stakeholder interactions while adding value to their business relationships since the beginning have resulted in Company holding on to its decades-old supplier base.
• Engaging in awareness, Communication, and interaction sessions with suppliers result in positive relationship bonding and enhancing responsible and sustainable operations in supply chain.
• MPL has established and implemented effective mechanisms to protect employees from workplace hazards / injuries.
• Employee level Sub committee is formed to collate the risk on operations, business, cyber security & statutory.
• Identification of risks along with suitable mitigation plans are deliberated and agreed at the Risk Management Committee and updated to the Board suitably for any further approval/action, if any.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Maintaining strong and long-standing relationship with suppliers/ vendors through effective relationship management and drive responsible procurement/ sourcing practices.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Increasing regulations and stakeholder expectation on reduction of GHG emissions requires adoption of renewable energy / new technology which may have financial impact on the company.

Opportunities

• Reduction in energy consumption and in turn reduction in emission through improved management at factories/ offices has two-fold impact - Lower energy cost and enhanced competitiveness through optimum utilisation of resources. Reduced impact on the environment and community in which we operate.

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001, ISO 9001

Third-party Assurance: DNV India

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed