Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability

Environmental Achievements

• Replaced conventional lights with LED lights to save on energy consumption.
• Replaced infra-red ceramic heaters with black new latest generation energy saving heaters.
• Installed variable frequency devices at various places resulting in energy saving.
• Installed sensors for air curtains at entry points to plants resulting in substantial energy saving.
• Received approval to Polylactic Acid Product (“PLA Product”) from CIPET in March 2019 which qualifies us to manufacture biodegradable range of products.
• Reducing material at source, while maintaining all required technical parameters for the application.
• Redesign the structure of packaging so that it is easy to recycle.

Social Achievements

• Maintained good industrial relations with its employees.
• Provided continuous training to old as well as new employees.
• Implemented various HR initiatives and activities including employee welfare, special rewards, performance review system and various employee motivational activities.

Governance Achievements

• Established a Code of Conduct and Code of Fair Disclosures for Prohibition of Insider Trading.
• Set up an Internal Complaints Committee to redress complaints regarding sexual harassment.

Climate Goals & Targets

Environmental Challenges

• Fluctuation in raw material prices.
• Change in Government Policies.
• Capital Investment and Technology upgradation.
• Interruption in the supply or significant increase in the price of raw materials or packaging materials.

Mitigation Strategies

• Demonstrated ability of driving significant growth in sales volumes over the years by seeking to offer the right product, at the right price, in the right package, and through the right channel.
• Presence in relatively under penetrated markets having favourable demographics, climatic conditions and rising population facilitating steady growth in demand.
• Wide range of product portfolio enables it to cater to diverse consumer segments.
• Adheres to best manufacturing practices and takes the issues of sustainability relating to packaging and waste recovery very seriously.
• Works closely and constantly engages with stakeholders, to develop sustainable strategies focused on protecting the environment.
• Invests significant management time and financial resources, develop local market strategies (including that for potential cultural and language barriers), and assimilate business practices to ensure business viability.
• Maximizing cost efficiencies is an integral part of the Company’s strategy, whereby it constantly focuses on reducing cost of goods sold, effectively managing operating expenses and enhancing cash flows.
• Undertaken several initiatives including backward integration and centralized material procurement.
• Leverages its scale of operations to achieve better bargaining power with suppliers resulting in better working capital management.
• Improved asset utilization enables it to achieve higher operating leverage and amortize overheads on a wider base.
• Continues to invest in advanced technologies to improve operational efficiencies and work processes in its operations, thereby ensuring integrated operational data from manufacturing, planned procurement and superior tracking of transportation of products from distributors to final delivery to the retail point-of-sale.
• Sales team works closely with management to ascertain the changing consumer habits and constantly focus on product innovation and expanding range of products to remain relevant and Eco Friendly.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Bio-degradable packaging products

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Generated 1,17,500 Units from Solar Rooftop & saved 20109 trees from deforestation
• Energy conservation by installing Energy efficient machines at Units of the Company
• Participated in Government of India’s “Swachh Sagar, Surakshit Sagar/Clean Coast Safe Sea” Coast Campaign at Daman.
• Reduced carbon emissions from all Units by 364 tonnes

Social Achievements

• Instituted Rajshree Polypack Limited- Employee Stock Option Plan 2022 (“RPPL ESOP 2022”) and granted Stock Options to several employees
• Invested ₹900 Lakhs in its joint venture, Olive Ecopack Private Limited
• Maintained good industrial relations with its employees
• Granted 16,500 Stock Options under Rajshree Polypack Limited- Employee Stock Option Plan 2022 (“RPPL ESOP 2022”) to certain employees

Governance Achievements

• Full compliance with the requirements and disclosures made in Corporate Governance Report
• Compliance with Secretarial Standards issued by the Institute of Company Secretaries of India

Climate Goals & Targets

Environmental Challenges

• Geopolitical unrest causing unprecedented price volatility in raw materials and an inflationary climate
• Fluctuations in raw material prices
• Changing consumer preferences
• Development of alternative packaging materials

Mitigation Strategies

• Judicious management of working capital
• Continuous monitoring of receivables, inventories and other working capital parameters
• Investing in technological enhancement for better product quality and efficiency
• Maximizing cost efficiencies
• Backward integration and centralized material procurement
• Investing in advanced technologies to improve operational efficiencies and work processes

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: BRC, Sedex

Sustainable Products & Innovation

• Sustainable paper based packaging products

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Compliance
• Energy and GHG Emissions
• Responsible Supply Chain
• Diversity and Equal Opportunity
• Occupational Health and Safety
• Materials

Environmental Achievements

• First in India to successfully manufacture Rigid Barrier Packaging Products with an integrated facility under one roof for enhanced shelf life of food products using state-of-the-art European technology
• Obtained CIPET approval for BioDegradable PLA Products
• Obtained License from CPCB for production of compostable Products
• Setting up of Solar panels at Unit II with installed capacity of 135 KW

Social Achievements

• Ensuring a diverse and inclusive workplace through policies, pay parity, infrastructural support and motivation
• Promoting a zero-harm workplace

Governance Achievements

• Ensuring Compliance to all legal and statutory requirements by maintaining compliance score cards and creating awareness among third-party

Climate Goals & Targets

Environmental Challenges

• Raw Material prices have been very volatile in this year causing pressure on margins

Mitigation Strategies

• Working closely with our Customers to pass on this hike

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• BioDegradable PLA Products
• Compostable Products