Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment-friendly practices
• Corporate governance
• Social responsibility

Environmental Achievements

• Erection of B-Heavy molasses conditioner to save steam
• Erected new Sulphur Burner with heat recovery unit to save steam
• Modification in incineration boiler to save fuel
• Installation of solar lights in cane purchase centre
• Addition of variable frequency drives for reduction of electrical energy consumption
• USE of CDL and LED lights for reduction in power consumption
• Gradual replacement of inefficient geared pumps with screw pumps/high flow pumps for electrical energy efficiency
• Bagasse based generation power plant

Social Achievements

• CSR spending of Rs.2,56,34,116/- (against obligation of Rs. 59,58,001/-)
• Manufacturing and selling of Sanitizer to fight Covid-19 Pandemic
• Distribution of new improved and high sugar varieties of cane seed
• Inter cropping with sugarcane for additional income of cane growers
• Distribution of quality agri inputs for improving soil health and growth of sugarcane
• Ratoon crop management and gap filling for helping increase ratoon yield
• Popularizing use of trash mulcher
• Popularization of sugarcane planting at 4 feet distance

Governance Achievements

• Established a Nomination and Remuneration Committee
• Established an Audit Committee
• Established a Stakeholders Relationship Committee
• Established a Corporate Social Responsibility Committee
• Established a Finance Committee
• Implemented a Whistle Blower Mechanism
• Formulated a Related Party Transaction Policy
• Formulated an Anti-Sexual Harassment Policy
• Complied with all the Compliance related under Regulation 34 of SEBI (LODR) Regulations, 2015

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on business
• Sugar industry being cyclical in nature, realizations get adversely affected during downturn
• Higher cane price or higher production than the demand ultimately affects profitability
• Culture of sticky prices in the industry
• Increasing costs component for working in developed market

Mitigation Strategies

• Periodic review of possible impact of COVID-19 on its business
• Well integrated business model by diversifying into co-generation and distillation, thereby utilizing the by-products
• Reducing Cost of Market Entry and Marketing into International Markets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: Agiwal & Associates Chartered Accountants

Environmental Metrics

ESG Focus Areas

• Social Responsibility
• Community Development
• Women Empowerment
• Healthcare

Environmental Achievements

• Replaced halogen, sodium vapor, and mercury vapor lamps with LED lights to reduce power consumption.
• Installed A-Heavy and C-Light molasses conditioners to save steam and power.
• Gradually replacing inefficient geared pumps with screw pumps/high flow pumps for electrical energy efficiency.
• Adding Variable Frequency Drives (VFDs) to reduce electrical energy consumption.

Social Achievements

• Provided an oxygen plant to a Government Community Health Center in Ayodhya, UP.
• Contributed to education infrastructure for a Government school in Ayodhya, UP.
• Made valuable contributions to Mahila Swayam Sahyta Samhooh in Ayodhya, UP.
• Made valuable contributions towards the construction of a specialty hospital through its Trust in Ayodhya, UP.

Governance Achievements

• Established a Vigil Mechanism and Whistle Blower Policy.
• Implemented an Anti-Sexual Harassment Policy.
• Complied with Corporate Governance norms as stipulated by the Stock Exchanges under SEBI (LODR) Regulations, 2015.
• Maintained a functional website with updated information.

Climate Goals & Targets

Environmental Challenges

• Ineffective use of inorganic plant protection chemicals in controlling sugarcane diseases and pests.
• Labor scarcity and high cost of manual labor.
• Increasing costs of working in developed markets.
• Government policy and control.
• Irrigation management to enhance water availability.

Mitigation Strategies

• Well-integrated business model by diversifying into co-generation and distillation, utilizing by-products.
• Periodic review of possible impact of COVID-19 on its business.
• Modernization of sugar plant by changing its double sulphitated sugar process to refinery.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility

Environmental Achievements

• Installation of high-efficiency evaporators, condensate heaters, and vapour line heaters to reduce steam consumption.
• Replacement of inefficient lamps with LED lights to reduce power consumption.
• Gradual replacement of inefficient pumps with screw pumps/high flow pumps for electrical energy efficiency.
• Addition of Variable Frequency Drives (VFDs) to reduce electrical energy consumption.
• Bagasse-based power plant for captive consumption and surplus power sales.

Social Achievements

• CSR activities undertaken directly and through trusts, focusing on healthcare and preventive health check-ups.
• Spent Rs 151.19 lacs towards CSR (against obligation of Rs 79.03 lacs).

Governance Achievements

• Established a Vigil Mechanism and Whistle Blower Policy.
• Implemented an Anti-Sexual Harassment Policy.
• Complied with Corporate Governance norms as stipulated by Stock Exchanges under SEBI (LODR) Regulations, 2015.

Climate Goals & Targets

Environmental Challenges

• Culture of sticky prices in the sugar industry.
• Increasing costs of operating in developed markets.
• Higher cane prices or higher production than demand affecting profitability.
• Regulatory risks related to sugar and distillery businesses.

Mitigation Strategies

• Diversification into co-generation and distillation to utilize by-products.
• Long-term agreements with OMCs for ethanol sales.
• Robust risk management framework to identify and evaluate business risks and opportunities.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility
• Conservation of Energy
• Technology Absorption
• Sustainable Practices

Environmental Achievements

• Installed 40 Ton Refinery Seed Pan to reduce sugar loss and steam saving
• Installed 6 Mechanical Circulators to improve efficiency of sugar crystallization, reducing steam and power consumption
• Modified Ammonia Line in Juice Heater to improve heater efficiency
• Modified Sweet water pipeline to reduce steam consumption at Raw Pans
• Used first condensate for super-heated water for centrifugal machines to reduce power consumption

Social Achievements

• CSR activities undertaken or supported by the Company and also through trust engaged in promoting health care, preventive health check-ups etc projects. Spent Rs129.05 lacs on CSR.
• Cordial industrial relations at all plants.

Governance Achievements

• Established a vigil mechanism and whistleblower policy.
• Implemented an Anti-Sexual Harassment Policy.
• Complied with all compliance requirements under Regulation 34 of SEBI (LODR) Regulations, 2015.

Climate Goals & Targets

Environmental Challenges

• Implementation of Advance Processes Technology
• Appropriate Methods for control of cane diseases
• Culture of sticky prices in the industry
• Policy intervention by government being regulated industry
• Increasing Sugar Cane Prices
• Economic uncertainty
• Agricultural policies of trading partners/competitors
• Changes in climate conditions
• Policies and measures to promote the transition to a low-carbon economy
• Sustainability trend
• Drought affecting sugarcane production

Mitigation Strategies

• Well integrated business model by diversifying into co-generation and distillation, thereby utilizing the by-products.
• Periodical review procedure and ensures long term relations with the lenders to raise adequate funds at competitive rates to mitigate interest rate risks.
• Using foreign exchange forward contracts and currency swap contracts to mitigate foreign currency risks.
• Contingency plans for various scenarios, including investments to seize opportunities and mitigate the impacts of climate change and sustainable trends, such as supporting sugarcane farmers to invest in water sources or providing incentives for sugarcane farmers to harvest the fresh cane. Transitioning production systems towards a low-carbon economy.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Drought

Transition Risks

• Policies and measures to promote the transition to a low-carbon economy

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: Mehrotra & Mehrotra Chartered Accountants