Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Decreased emissions by over 30,000 tCO2e/annum through renewable energy initiatives (windmills and cogeneration plants)
• 90% of sites use renewable energy
• 35% lower water consumption in demo plots
• SuCCESS certified across all production sites

Social Achievements

• Over 7500 Indian farmers certified under Project Pragati for sustainable castor bean production
• Over 6000+ hectares of land under Project Pragati adopting sustainable farming practices
• More than 3000 man-hours of training provided to farmers
• 100% of employees vaccinated
• Employee attrition rate less than 6%

Governance Achievements

• 55% independent directors on the Board
• More than 90% Board attendance
• 80% independent directors on the Audit Committee
• 100% independent directors on the NRC Composition
• ICRA A+ & A2+ long-term and short-term credit rating

Climate Goals & Targets

Environmental Challenges

• Risk of attrition due to growing business and demand for skilled labor
• Fluctuation in commodity prices (castor seed) and foreign exchange rates
• Frequent regulatory changes
• Impact of climate change on castor crop cultivation (timely rainfall and water supply)

Mitigation Strategies

• Investment in talent development and management strategies
• Forward booking and inventory management for commodity price risk
• Close monitoring of foreign exchange fluctuations
• Tracking regulatory changes through government and industry bodies
• Engagement with farmers to promote good agricultural practices and hybrid seeds

Supply Chain Management

Responsible Procurement

• Project Pragati
• Founding Member of Sustainable Castor Association
• Selection criteria for vendors based on ESG standards

Climate-Related Risks & Opportunities

Physical Risks

• Impact of climate change on castor crop cultivation (timely rainfall and water supply)

Opportunities

• Development of green bio-based alternatives to petroleum-derived products

Reporting Standards

Frameworks Used: GRI Core, BRSR Principles

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, SuCCESS

Sustainable Products & Innovation

• Castor oil and its derivatives as green, bio-based alternatives

Awards & Recognition

• Silver Rating from Ecovadis (70th percentile)
• Gold award from Quality Circle Forum of India for workplace incident prevention strategies
• SuCCESS certification
• Award from US-India Importers Council

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 90% of energy utilization met using eco-friendly, renewable sources
• 20% renewable energy share of total electricity consumption
• Water usage reduced by approximately 20% in demo plots where water measurement is monitored
• Project Pragati: Over 74,500 tons of certified castor seed cultivated; Year 7 yield 36% higher than local government figures; over 7,000 hectares farmed according to the SUCCESS sustainable castor code

Social Achievements

• Project Pragati: More than 7,000 farmers trained, audited, and certified; over 7,000 safety kits and crop protection product boxes distributed; more than 100 medical camps organized
• Employee turnover ~6%
• 100% of eligible employees received regular performance and career development reviews

Governance Achievements

• Robust risk management framework
• Established Vigil Mechanism and Whistleblower Policy
• All manufacturing facilities are ISO 9001, 14001, and 45001 certified
• First Castor Oil & Derivative manufacturing company to be listed on the Stock Exchange

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to geopolitical conflicts (Ukraine-Russia, Israel-Hamas)
• Atrrition management due to high demand for skilled professionals
• Risk of product obsolescence due to rapid technological advancements
• Impact of climate change on castor crop cultivation (timely rainfall and water supply)

Mitigation Strategies

• Developed strong procurement system to ensure uninterrupted supply of raw materials
• Comprehensive refresher training programs to enhance staff performance and attract new talent
• Investment in R&D to develop new applications and products
• Engagement with farmers to promote Good Agricultural Practices, provide training, and cultivate hybrid seeds to improve productivity

Supply Chain Management

Responsible Procurement

• 100% local procurement of castor beans
• Developed standard practices for ensuring sustainable development; included as selection criteria for vendors and suppliers
• Long-term commitments with business partners fulfilling social and environmental responsibilities

Climate-Related Risks & Opportunities

Physical Risks

• Impact of climate change on castor crop cultivation (timely rainfall and water supply)

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, BRSR

Certifications: ISO 9001, ISO 14001, ISO 45001, SuCCESS

Sustainable Products & Innovation

• Castor oil-based products as eco-friendly alternatives to petroleum-based products
• Development of new bio-polymers & chemical intermediates

Awards & Recognition

• Star Export House (Ministry of Commerce, Government of India)