Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Safety, Health, and Environment
• Corporate Social Responsibility
• Cane Management
• Resource Efficiency
• Counter-cyclical Growth

Environmental Achievements

• Successfully implemented zero liquid discharge scheme at Kolhapur unit
• Installed Falling Film Type juice evaporators in Maharashtra units, reducing steam consumption by 32.5%
• Uttar Pradesh units reported lowest effluent generation with safe disposal
• Expanded drip irrigation from 30 hectares to 150 hectares
• 71% of 102 MW co-generation power exported, reducing carbon emissions
• Bagasse-based co-generation reduced dependence on fossil fuels
• Optimized waste management using bio-composting for press mud
• Bio-composting facility in Jawaharpur produced ~30,000 MT organic manure

Social Achievements

• Positive impact on more than 50,000 people through Dalmia Bharat Foundation
• Soil and water conservation programs reached 3,700 beneficiaries
• Energy conservation programs benefited 3,800 people and reduced CO2 emissions by 321 tons
• Livelihood programs directly benefited 1,000 people
• More than 700 members in 63 Self Help Groups fostered
• 100 differently-abled people trained in cutting and tailoring
• 85 women provided advanced training on Moonj Products, earning ₹50,000
• Constructed 125 low-cost toilets under Swachh Bharat Abhiyan
• Organized 18 special medical camps benefiting 2,500 people
• Conducted 25 eye check-up camps benefiting 2,000 people
• Immunized 7,500 children under Pulse Polio Campaign
• Supported 5 anganwadis and schools
• Installed 20 hand pumps benefiting 300 households
• Promoted 808 kitchen gardens
• Employee retention rate of 95%

Governance Achievements

• ICRA upgraded long-term facilities rating to A+ and short-term to A1+
• Implemented Occupational Health and Safety Management (OHSAS), Environment Management System (EMS), and Food, Safety and Quality (FSQ) certifications
• Reduced long-term debt by ₹242 crore
• Improved long-term debt-equity ratio from 1.46 to 0.73
• Improved total debt to EBITDA from 4.58 to 3.20
• Implemented a robust safety management system
• Established a whistleblower policy and vigil mechanism

Climate Goals & Targets

Environmental Challenges

• Sub-optimal sugar consumption
• Drought in Maharashtra affecting cane output and increasing competition
• Depleting water table
• Energy availability concerns in villages
• High unemployment among youth
• Poor basic infrastructure in neighboring villages
• Price volatility of sugar, ethanol, and power

Mitigation Strategies

• Product diversification (21% revenue from non-sugar operations)
• Geographic diversification (operations in Uttar Pradesh and Maharashtra)
• Timely cane payments and strong farmer relationships
• Investment in water conservation structures (village ponds)
• Promotion of fuel-efficient cook stoves and solar home lighting
• Skill development programs
• Construction of community infrastructure
• Forward contracts, hedging, and long-term power purchase agreements
• Focus on superior sugar quality and high efficiency

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Second prize in National Energy Conservation Awards – 2016 (Nigohi unit)

Environmental Metrics

ESG Focus Areas

• Health, safety, and environment
• Corporate Social Responsibility
• Water conservation
• Energy conservation
• Waste management
• Employee engagement
• Sustainable livelihoods

Environmental Achievements

• Reduced dependence on fossil fuels through green power generation from bagasse
• 34.92 Cr units of power generated and exported to state electricity grids
• Kolhapur unit achieved zero-liquid discharge
• Expanded drip irrigation from 16 to 107 hectares, reducing water consumption by 80%
• Manufactured 40,000 metric tonnes of organic manure per annum from press mud
• Planted thousands of saplings to create carbon sinks

Social Achievements

• Employee retention rate of 96%
• CSR initiatives in soil and water conservation, energy conservation, local youth skilling, and social development
• Spent Rs. 1.98 crore on CSR activities
• Skill development programs benefiting 1,000 households
• Dairy development project increasing income of 5,000 beneficiaries
• Improved ratoon management in Uttar Pradesh, increasing farmer income

Governance Achievements

• Credit rating upgraded from A+ to AA-
• Robust safety management system implemented
• Implemented a superior appraisal system for employee reward and recognition
• Established a whistleblower policy and vigil mechanism

Climate Goals & Targets

Environmental Challenges

• Record sugar production leading to weakened sugar prices and lower profits
• Increased cane arrears
• Shortage of skilled labor in Maharashtra during harvest season
• Sectoral volatility due to fluctuating sugar prices and raw material costs

Mitigation Strategies

• Cost moderation and efficiency improvements
• Increased sugar recovery by 25 bps
• Investment in downstream byproduct processing (ethanol and cogeneration)
• Focus on cane management to maximize output
• Installation of mechanized harvesters in Maharashtra
• Government initiatives to provide subsidized loans for ethanol capacity and buffer stock of sugar

Supply Chain Management

Responsible Procurement

• Subsidized seeds and fertilizers for farmers
• Kisan seva kendras for distribution of farm inputs

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and processes

Environmental Metrics

ESG Focus Areas

• Empowering people
• Sustainable farming practices
• Responsible growth & Business ethics
• Responsible consumption

Environmental Achievements

• Water intensity decreased by 28% over last 4 years
• Energy intensity decreased by 15%
• Emissions intensity decreased by 10%
• Achieved Zero Liquid Discharge (ZLD) across its plants

Social Achievements

• CSR Expenditure increased by 767%
• Lost Time injuries reduced to 0
• Attrition rate in FY’20 7%
• Number of permanent employees increased by 4%

Governance Achievements

• No cases of corruption in FY’19. In FY’20, there were 7 incidents where employees were disciplined for corruption.

Climate Goals & Targets

Environmental Challenges

• Cyclic nature of sugar business, risk of fluctuations in price and availability of sugarcane, raw sugar and energy prices
• Frequent changes in government policies
• Inadequate availability of raw materials
• Monsoon vagaries can impact cane growth
• Dependence on sugar cane seed variety ‘CO-0238’

Mitigation Strategies

• Integrated business model
• Forward contracts, hedging on exchanges
• Development of new cane varieties which consume less water
• Trench planting and other methods for water conservation
• Improving farmers’ financial liquidity, providing training to enhance yield
• De-risking our business by producing quality products, having a strong marketing network, improving process efficiencies, better cane management system and increasing distillery production
• R&D efforts to identify additional cane varieties
• Benchmarking exercise

Supply Chain Management

Responsible Procurement

• Local procurement (85% in FY19-20)

Climate-Related Risks & Opportunities

Physical Risks

• Monsoon vagaries

Transition Risks

• Changes in government policies

Opportunities

• Production and supply of ethanol

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 14001 (most manufacturing units), Bonsucro (Kolhapur unit)

Awards & Recognition

• 21st National Energy Award for Excellence in Energy Management by CII (2020)
• CII-ITC Sustainability Awards (2019)
• Life Time Achievement Award by the Sugar Technologists’ Association of India (STAI)
• CII Sugartech Award (2019)
• Best Overall Performance Sugar Mill Award (Nigohi Unit)
• ICC SOCIAL IMPACT AWARDS (2019)
• ET2 GOOD 4 GOOD (2017)
• IICA - NGOBOX Good Practice Recognition Awards (2015)

Environmental Metrics

ESG Focus Areas

• Empowering People
• Responsible Consumption
• Responsible Growth and Business Ethics
• Sustainable Business Practices

Environmental Achievements

• Achieved Zero Liquid Discharge (ZLD) at all plants
• Increased sugar recovery to 12% in Uttar Pradesh and 13% in Maharashtra due to superior cane variety and cane management system
• Utilized bagasse in co-generation facilities to generate green power (119 MW installed capacity), exporting 60% to distribution companies
• Reduced energy intensity from 2.47 GJ/MT to 2.36 GJ/MT

Social Achievements

• Launched DIKSHa skill training program, benefiting 2018 families with an average income increase of INR 60,000 per year
• Implemented various livelihood projects (DIKSHa, Self-help groups, Moonj craft, Dairy development project)
• Implemented water conservation initiatives, saving 2.56 Lakh m³ of water and benefiting over 2,010 people
• Zero fatalities in FY21

Governance Achievements

• Established a robust governance framework with clearly defined roles for board-level committees
• Zero incidents of non-compliance and corruption in FY21

Climate Goals & Targets

Environmental Challenges

• Cyclic nature of the sugar business and fluctuations in sugarcane, raw sugar, and energy prices
• Frequent changes in government policies
• Inadequate availability of raw materials
• Monsoon vagaries impacting cane growth
• Dependence on sugarcane seed variety ‘CO-0238’

Mitigation Strategies

• Integrated business model
• Forward contracts and hedging
• Focus on de-risking through quality products, strong marketing, improved efficiencies, better cane management, and increased distillery production
• Development of new cane varieties that consume less water
• Research and development efforts to identify different cane varieties
• Benchmarking exercises

Supply Chain Management

Responsible Procurement

• Timely payment to cane farmers
• Local procurement (83% in FY21)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: BONSUCRO (Kolhapur unit)

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)
• Goal 8 (Decent Work and Economic Growth)

Livelihood projects, water conservation initiatives, renewable energy solutions

Awards & Recognition

• Top honor at 24th IWPA General Meeting (DBSIL Wind Farm)
• Award for significant achievement in corporate social responsibility
• Top honor for helping government in eradication of Tuberculosis (DBSIL Nigohi Sugar Unit)