E.I.D.-Parry (India) Limited
Climate Impact & Sustainability Data (2019-20, 2021-04 to 2022-03, 2021-22, 2022-03 to 2023-03, 2022-04 to 2023-03, 2022-23, 2023-04 to 2024-03, 2023-24)
Reporting Period: 2019-20
Environmental Metrics
ESG Focus Areas
- Sustainability
- Farmer-centric initiatives
- Water conservation
- Waste management
- Energy efficiency
- Employee well-being
Environmental Achievements
- Reduced water consumption by recycling 13.42 crore litres of wastewater at Nellikuppam.
- Reduced raw water consumption at Ramdurg by utilizing excess condensate water.
- Maintained zero fresh water withdrawal from water bodies.
- Strict adherence to near-zero levels in emission and effluent generation.
Social Achievements
- Launched ‘Amrit’ brand of jaggery and other value-added products.
- Expanded market presence in retail space and customer roster in institutional segment.
- Implemented a 3-Tier Nursery programme for ensuring clean seeds for planting.
- Operates soil testing labs for farmers, guiding them on methods to improve soil health and fertility.
- Effectively utilized ‘Farmer Connect’ App to engage with farmers.
Governance Achievements
- Migrated from SAP ECC 6 system to SAP HANA.
- Implemented several initiatives encompassing cost management, supply chain optimisation, smart procurement, alternative fuel usage and productivity improvement.
- Bagalkot Unit received FSSC 22000, Version 5 accreditation.
- Nellikuppam and Haliyal Units qualified in recertification audits of FSSC 22000 and ISO 9001:2015.
Climate Goals & Targets
- De-risk the business from sectoral cyclicality and ensure sustainable growth.
- Achieve higher levels of productivity, operational safety and quality through TPM.
- Develop an integrated Decision Support Tool (DST) for farmers.
- Expand ethanol blending capacity
- Scale up Chlorella production
Environmental Challenges
- Market slowdown
- Subdued sugar prices
- Regulatory restrictions
- Lockdown disruptions
- Sugarcane availability issues due to drought in Tamil Nadu.
- Heightened competition and elevated input costs.
Mitigation Strategies
- Laser focus on cost management
- Export leverage
- Increase in retail sales and ethanol business
- Diverting cane to other units and relocating equipment.
- Enhanced operational efficiencies
- Capacity expansions
- Exploring new revenue streams in adjacencies
- Supply chain optimisation
- Expanding channel presence
- Strengthening the logistics network
Supply Chain Management
Responsible Procurement
- Sustainable sugarcane sourcing
- Prompt cane payments to farmers
Climate-Related Risks & Opportunities
Physical Risks
- Drought
- Floods
Transition Risks
- Regulatory changes in the sugar industry
- Changes in global sugar market
Opportunities
- Development of energy-efficient products
- Expansion of ethanol production
Reporting Standards
Frameworks Used: Bonsucro International Certification
Certifications: FSSC 22000, ISO 9001:2015, ISO 14001:2015, OHSAS & ISO 45001:2018, BRC food certification
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
- Goal 8 (Decent Work and Economic Growth)
- Goal 2 (Zero Hunger)
- Goal 6 (Clean Water and Sanitation)
Initiatives contribute to these goals through sustainable practices, renewable energy use, farmer empowerment, and community development.
Sustainable Products & Innovation
- Amrit brand of jaggery
- Green grow media from bagasse
- Ethanol from B-heavy molasses and sugar syrup
Awards & Recognition
- Economic Times 2019 - ‘Superbrand’ Award
- Agriculture Leadership Award for 2019
Reporting Period: 2021-04 to 2022-03
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- First sugar manufacturer in Asia to be awarded the Bonsucro International Certification for sustainable sugarcane cultivation.
- Zero Liquid Discharge facilities at Nellikuppam, Sivaganga, Oonaiyur and Saveriyarpuram units.
- Installed Incineration boiler facility for treatment of spent wash from distillery (first in India).
Social Achievements
- CSR activities focus on healthcare, education and water resource management.
- 100% return to work and retention rate of permanent employees and workers who took parental leave.
- Launched various healthy sugar products (SweetCare Low GI Sugar, Amrit Brown Sugar, Parry's Jaggery Powder).
Governance Achievements
- Voluntarily adopted Business Responsibility and Sustainability Reporting (BRSR) for FY 2022-23 (first sugar manufacturer in Asia).
- Incorporated a robust ESG framework based on SASB materiality matrix.
- Maintains high standards of Corporate Governance as guided by its Corporate Governance Policy.
Climate Goals & Targets
- Net zero emissions by 2050.
- Reduce annual emissions by 10 mega tonnes by 2030.
- Meet 50% of energy requirements with renewable energy by 2030.
- Scale up Climate smart agriculture through low carbon/green technologies and practices (improve yield by at least 10 percent and improve sugarcane/sugar quality by 2026).
Environmental Challenges
- Raw material availability (sugarcane) impacted by climate change.
- Regulatory risks (pollution control, labor codes).
- Information security/cyber security risks.
Mitigation Strategies
- Sustainable sugarcane farming practices (drip irrigation, soil nutrient management, bio-pest control).
- Comprehensive e-compliance management system.
- Information systems, backup and disaster recovery policies.
Supply Chain Management
Responsible Procurement
- Sustainable sourcing of sugarcane through I-Cane management system.
- Collaboration with customers on sustainability projects (drip irrigation, soil nutrient management).
Climate-Related Risks & Opportunities
Physical Risks
- Adverse impact on agriculture produce due to climate change.
Transition Risks
- Government policies control sugarcane & sugar availability & prices, power tariffs, molasses, ethanol production sales.
Opportunities
- Cogeneration (green energy), ethanol production, value-added products from sugar and waste.
Reporting Standards
Frameworks Used: GRI Standards, SASB
Certifications: Bonsucro International Certification, FSSC 22000, ISO 9001:2015, ISO 14001, ISO 45001
UN Sustainable Development Goals
- Goal 2 (Zero Hunger)
- Goal 3 (Good Health and Well-being)
- Goal 4 (Quality Education)
- Goal 6 (Clean Water and Sanitation)
- Goal 7 (Affordable and Clean Energy)
- Goal 9 (Industry, Innovation and Infrastructure)
- Goal 12 (Responsible Consumption and Production)
- Goal 13 (Climate Action)
Initiatives contribute to these goals through sustainable farming, healthcare programs, education support, water conservation, renewable energy, value-added products, and waste reduction.
Sustainable Products & Innovation
- SweetCare Low GI Sugar
- Nucane Low GI Sugar
- Amrit Brown Sugar
- Parry's Jaggery Powder
- Green Grow Media
Awards & Recognition
- Bonsucro International Certification
- Platinum Award for 'Best Distillery' (Nellikuppam)
- SISSTA Golden Award for 'Best Distillery' (Sivaganga)
- Silver award from SISSTA (Sankili)
- First Prize for Kaizen on Bio-fuel (Nellikuppam)
- National Safety Award (Ramdurg)
- Excellent Energy Efficient Unit (Nellikuppam)
- Award for Best Corporate Social Responsibility Practices
Reporting Period: 2021-22
Environmental Metrics
ESG Focus Areas
- Sustainable sugarcane cultivation
- Renewable energy (cogeneration)
- Ethanol production
- Employee well-being
- Community development
- Water management
- Waste management
Environmental Achievements
- First sugar manufacturer in Asia to be awarded the Bonsucro International Certification for sustainable sugarcane cultivation
- First sugar manufacturer in India to start cogeneration of power using sugarcane bagasse
- Commissioned a new state-of-the-art, greenfield distillery of 60 KLPD at the Bagalkot Plant, Karnataka
- First sugar manufacturer in India to produce Ethanol from B-Heavy Molasses and Sugar Syrup at the Nellikuppam Plant
- Developed nutrient-rich, eco-friendly, soil-less ‘Green Grow’ media from sugarcane bagasse
- Water conservation initiatives resulting in significant water savings
Social Achievements
- Launched employee well-being programs
- Community investment through CSR initiatives (healthcare, education, rural development)
- Prompt cane payment to farmers
- Farmer support initiatives (crop insurance, irrigation infrastructure, mechanical harvesters)
Governance Achievements
- High standards of corporate governance
- Robust risk management framework
- Compliance with relevant laws and regulations
- Transparent reporting and disclosure
Climate Goals & Targets
Environmental Challenges
- Raw material availability (sugarcane)
- Water availability
- Raw material pricing (sugarcane)
- Power sale and tariff volatility
- Shortage of harvesting labor
- Regulatory changes
- Climate change impacts on sugarcane production
- Volatility in sugar prices
Mitigation Strategies
- Sustainable farming practices
- Timely payments to farmers
- Mechanized harvesting
- Engagement with government agencies
- Diversification into ethanol and value-added products
- Cost reduction initiatives
- Water conservation projects
- Risk management framework
- Robust compliance mechanisms
Supply Chain Management
Responsible Procurement
- Sustainable sourcing of sugarcane
- Timely payments to suppliers
- Compliance with ethical and environmental standards
Climate-Related Risks & Opportunities
Physical Risks
- Effect of climate change on agriculture produce
Transition Risks
- Regulatory changes
Opportunities
- Sustainable sugarcane farming
- Renewable energy (cogeneration)
- Ethanol production
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC
Certifications: Bonsucro, FSSC 22000, ISO 9001:2018, ISO 14001, ISO 45001, Kosher, SMETA 6.0
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 12 (Responsible consumption and production)
- Goal 13 (Climate action)
- Goal 8 (Decent work and economic growth)
- Goal 3 (Good health and well-being)
- Goal 1 (No poverty)
- Goal 2 (Zero hunger)
Initiatives contribute to these goals through sustainable sugarcane farming, renewable energy, community development, and employee well-being programs.
Sustainable Products & Innovation
- Low GI Sugar
- Ethanol from B-Heavy Molasses and Sugar Syrup
- Green Grow media from sugarcane bagasse
- Potash from molasses waste
Awards & Recognition
- Platinum award for ‘Best Distillery’ (Nellikuppam)
- Gold Award for ‘Best Distillery’ (Nellikuppam)
- Award for ‘Best Corporate Social Responsibility Practices’
- Best Technical Efficiency Award - Karnataka (Haliyal)
- Gold award ‘Best Distillery’ (Sankili)
- Silver Award for Best Co-generation plant (Sankili)
- National Safety Award (Bagalkot)
Reporting Period: 2022-03 to 2023-03
Environmental Metrics
ESG Focus Areas
- Water conservation
- Climate change
- Sustainable products
- Community development
Environmental Achievements
- Landmark watershed management Project "NANNEER", a pioneering effort towards conservation of water
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Challenges faced by the sugar industry with sugarcane pricing policy
- Need for Government support towards promotion of ethanol blending programme to make the industry self-sustainable
Mitigation Strategies
- Company's extensive retail foray and the test launching of the range of staples
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Company was working on several sugar substitutes for the ever-increasing health-conscious young consumers
Awards & Recognition
- Not disclosed
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Achieved Zero Liquid Discharge (ZLD) in several distilleries and nutraceutical units.
- Reduced coal consumption in several units.
- Increased renewable energy usage (Sivaganga started using solar power).
Social Achievements
- Implemented ISO 45001 certification across all manufacturing units.
- Extended community water resource management project 'Project Nanneer'.
- Developed farmer entrepreneurs for sustainable farming practices.
Governance Achievements
- Regularly conducts materiality assessments to identify ESG risks and opportunities.
- Board oversight of sustainability related issues through the Managing Director.
Climate Goals & Targets
- Sustainable packaging
- Intercropping of climate-resistant crops
- Large community water resource projects
- Achieve water positive status
- Eliminate coal used in incineration boiler as an auxiliary fuel
- Reduce water consumption
- Reduce GHG emissions through phasing out coal consumption
Environmental Challenges
- Regulatory risks in the cyclical sugar industry.
- Climate change impacting raw material availability.
- Information security/cybersecurity risks.
- Product quality and safety concerns.
- Supply chain challenges (labor availability, crop failure).
- Water and wastewater management.
- Waste management.
Mitigation Strategies
- Integrated business model, active engagement with government, e-compliance management system.
- Collaboration with government agencies, sustainable sugarcane farming, farmer engagement, digitized cane procurement, Bonsucro certification.
- Information systems, backup and disaster recovery policies, robust firewall, security event information management systems, user awareness training.
- Stringent quality systems, product recall mechanism, healthier product development.
- Farmer engagement, digitization of cane procurement, development of entrepreneurs for mechanical harvesting.
- Compliance with Consent to Operate, ZLD, treated effluent application, rainwater harvesting.
- Bagasse for cogeneration, molasses for ethanol, press mud and organic sludge as manure, value-added products from byproducts.
Supply Chain Management
Responsible Procurement
- Sustainable sourcing practices
- Risk analysis & control for raw materials
- ESG based questionnaire for suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Adverse impact on agricultural produce
Transition Risks
- Government policies impacting sugarcane, sugar, and power prices
Opportunities
- Ethanol blending in fuels
- Bagasse-based cogeneration
- Development of climate-resistant sugarcane varieties
Reporting Standards
Frameworks Used: BRSR
Certifications: ISO 45001, Bonsucro, USP DIVP, cGMP, ISO 9001:2018, ISO 14001:2015, FSSC 22000, HACCP
Sustainable Products & Innovation
- Low GI sugar
- Ethanol from syrup/B-Heavy molasses
- Value-added products from bagasse (Grow Media, Compostable mulch films)
- Potash rich fertilizer from incinerator ash
Awards & Recognition
- Bonsucro International Certification
Reporting Period: 2022-23
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced effluent generation per MT of sugarcane crushed in the Ramdurg unit from 57 litres/MT to 50 litres/MT
- Consumption of 707 MT of bagasse pellets, which offset 745 MT of coal consumption
- Developed 33 acres of cane farm and 95 acres of green belt with 38,211 trees at Nellikuppam
- Recycled 1080 tonnes of plastic packaging waste
Social Achievements
- Introduced Project Nanneer, conserving around 751 million liters of water
- Enhanced stability in cane procurement, encouraging farmers to enhance yields
- Provided life / health / accident insurance for all its employees
- Sponsored higher education of employees
Governance Achievements
- Upgraded long-term credit rating from CRISIL AA- (Positive outlook) to CRISIL AA (Stable outlook)
Climate Goals & Targets
- Net zero emissions
- Achieve 20% ethanol blending with petrol by 2025
- Increase the proportion of women employees to 5% of the workforce by 2028
- Reach almost 200,000 retail outlets in South India by 2025
Environmental Challenges
- Climate risk
- Stringent regulatory environment
- Excessive dependence on the commodity business
- Scattered intervention in cane management
- Multi-year drought
- Farmer migration to alternative cash crops
- Non-availability of migrant labour for cane harvesting
- Increase in FRP without proportionate increase in MSP
- Shortage of harvesting labour
- Unsafe practices and work environment
- Cyber security risks
- Regulatory changes
Mitigation Strategies
- Closed under-utilized factories
- Shifted assets to Karnataka
- Organic growth of cane through connect with farmers
- Value-addition journey in B2B and B2C segments
- Increased institutional and retail sales
- Capacity relocation and organic cane development
- Controlled fixed costs
- Initiatives for efficiency improvements and cost control
- Increased Biofuel volumes
- Capacity expansion from 297 KLPD to 582 KLPD by April 2024
- Farmer Crop Insurance Scheme
- Short-term financial assistance to farmers
- Digital tools such as harvesting machines, drone-spraying and automatic irrigation
- Incentive schemes for farmers to purchase mechanical cane harvesters
- Supply of K-Boost and subsidy for manganese purchase
- Revived the aggregate service provider model to increase farm mechanisation
- Periodic plant maintenance
- FSSC and QMS training for workers
- Improved quality of packaging
- Engaged with qualified vendors
- Information Systems, Backup and Disaster Recovery Policies
- Robust Firewall and Security Event Information Management Systems
- E-compliance management system
- Comprehensive COVID Management plan
- Behaviour safety programs
- Machine Safety Risk Assessments (MSRA)
- Physical Guarding Assessments (PGA)
- Central medical council
Supply Chain Management
Responsible Procurement
- Code of conduct
- Supplier sustainability requirements
Climate-Related Risks & Opportunities
Physical Risks
- Adverse weather conditions
- Monsoon failure
- Groundwater depletion
- Pests and diseases outbreak
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: Bonsucro, GRI, SASB, TCFD, UNGC
Certifications: Bonsucro, FSSC 22000, ISO 9001, Halal, Kosher, ISO 45001, SMETA, USP DIVP, cGMP, ISO 14001: 2015
Sustainable Products & Innovation
- Grow Green Media (GGM)
- Sweet Care (Low GI sugar)
- Nucane Low GI Sugar
Awards & Recognition
- SuperBrand status
- SISSTA Best Distillery Silver Award
- Energy Efficient Unit award
- CII EHS Excellence awards
- Gold Award for Best Technical Efficiency Sugar Plant
- Gold award for ‘Best Distillery plant’
- Silver award for Best Cogen plant
- Bronze award on EHS – Excellence Category
- Second place under the category of ‘Best Cogen Boilers’
- Most Iconic Organisation Award
- Best CEO - Agriculture & Allied award
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Recycled or safely disposed of 1900 tonnes of plastic packaging waste
- Bagasse (100%) for energy production & for manufacturing value-added products. Molasses is used for production of Extra Neutral Alcohol and Ethanol. Treated sugar condensates & effluents are recycled for process and utility make up in operations minimizing the requirements of freshwater withdrawal.
- Several energy saving projects including implementation of the latest UASB technology, installation of CPU at Bagalkot, Pugalur and Ramdurg, revamping of the anaerobic treatment system at Haliyal.
Social Achievements
- Various Corporate Social Responsibility projects around our manufacturing units with specific focus on education, healthcare, skill development and employability/ entrepreneurship to improve livelihood and overall development of the communities we serve.
- ISO 45001 certification to improve employee safety, reduce workplace hazard
- Promote diversity, equality and inclusion within the organization
Governance Achievements
- All our manufacturing units have obtained ISO 45001 certification during FY 2023-24
- The Jaggery plants (Nellikuppam and Pugalur) for the first time have been accredited with certification for food safety management systems consisting of ISO 22000:2018, ISO/TS 22002-1:2009 and additional FSSC 22000.
- Four units (Nellikuppam, Haliyal, Bagalkot, Pugalur) were re-accredited with FSSC 22000 version 5.1 from the DNV Certification Body.
Climate Goals & Targets
Environmental Challenges
- Regulatory risk
- Climate change & raw material availability
- Information security/Cyber security
- Product quality and safety & customer welfare
- Product design and lifecycle management
- Supply chain
- Employee health and safety
- Water and wastewater management
- Waste Management
- Increased ESG awareness among stakeholders
- Sustainable practices
- Improving social capital value
Mitigation Strategies
- Integrated Business Model consisting of distillery operations and green energy production through cogeneration using bagasse as fuel.
- Business resilience and continuity plan.
- Collaboration with government agencies for developing climate change resistant sugarcane varieties in the R&D.
- Sustainable sugarcane farming
- Farmers engagement through I-cane management on farming practices and soil enhancement/ regeneration techniques.
- Digitized cane procurement
- Bonsucro certification for sustainable sourcing
- Information systems, backup and disaster recovery policies are in place and are periodically reviewed.
- Robust firewall and Security event Information management
- Stringent quality system & processes are practiced and product recall mechanism is in place.
- Collaboration with national and international partners to provide healthier replacement solutions for sugar.
- Engagement with farmers on farming practices through I-Cane management system, Digitization of cane procurement procedure, Development of entrepreneurs for mechanical harvesting, Single seed program, Biopest controls.
- Site based safety committee and risk management system in place such as safety training, permit to work, incident reporting and investigation, workplace inspection.
- Zero liquid discharge/ application of treated effluent on land, recycle of treated sugar condensates, distillery effluents as utility make up, “Rain water harvesting”, CSR projects involving watershed management, projects for the community
- Bagasse for cogeneration, molasses for production of ethanol / ENA, recycle of press mud and organic sludge as manure. Value added products from bagasse, press mud, use of boiler ash for brick making.
- Inclusion of sustainability, circularity and other ESG aspects in our operations through governance and policies.
- Mandatory and voluntary ESG disclosures to improve ESG rating.
- Effective resource management through monitoring of ESG targets resulting in better economic performance
- Embedding ESG practices in value chain
- Scaling up of climate smart agriculture through sustainable practices and promote AI based digital tech for crop monitoring facility.
- ESG targets for reduction of environmental footprint & GHG emissions, adding value to social aspects and improving governance.
- Sustainable sourcing
- Resource optimization and water security
- Contribute to governments net zero commitment
- Financial value creation for farmers through carbon credits
- Enhancing community healthcare
- Improving education in rural villages
- CSR projects based on shared values and need assessment
- Setting up ESG targets for improving resource efficiency and reduction of GHG emissions.
- Improving health and safety of employees
- Collaboration with value chain partners & funding agencies like International Finance Corporation (IFC) for projects related to irrigation water management
Supply Chain Management
Responsible Procurement
- Sustainable sugarcane sourcing
- ESG based questionnaire to assess supplier ESG performance
Climate-Related Risks & Opportunities
Physical Risks
- Adverse impact on agricultural produce due to climate change
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI, NGRBC
Certifications: ISO 45001, ISO 22000:2018, ISO/TS 22002-1:2009, FSSC 22000, ISO 9001:2018, ISO 9001:2015, cGMP
Third-party Assurance: Not Applicable
Sustainable Products & Innovation
- Low GI sugar
- Ethanol production from syrup/B-Heavy molasses
- K-Ash fertilizer
- Bio-degradable mulching sheet, grow bags from bagasse fibres
Awards & Recognition
- Bonsucro International Certification
Reporting Period: 2023-24
Environmental Metrics
ESG Focus Areas
- Sustainable agriculture
- Renewable energy and energy efficiency
- Waste management and circular economy
- Community engagement and development
- Employee welfare and development
- Workplace safety
- Ethical business practices
- Board diversity and independence
- Governance policies
Environmental Achievements
- Reduced water use through drip irrigation and rainwater harvesting
- Exported 2,182 Lakh units of power to the grid from cogeneration facilities
- Implemented energy efficiency measures reducing energy consumption
- Marched towards zero-waste target in distillery operations by converting by-products into value-added products
- Implemented robust recycling programs for operational waste
Social Achievements
- Launched rural health camps and mobile medical units benefiting 71,500+ people
- Provided scholarships and educational materials to over 4,200 students
- Strengthened diversity policies ensuring equal opportunities for all employees
- Prioritized employee health and safety through numerous programs
- All permanent employees underwent training on ethical business practices and anti-corruption policies
Governance Achievements
- Maintained a diverse and independent Board of Directors with strong representation of women and Independent Directors
- Regularly reviewed and updated governance policies aligning with best practices and regulatory requirements
Climate Goals & Targets
- Achieve ten Billion liters of water-holding capacity through NANNEER by 2026
- Grow sweetener distribution to half a million outlets
- Expand retail reach and product offerings across South India
- Double the cultivation area by 10,000 acres in three years
- Increase intercrop cultivation from 5,000 to 35,000 acres in three years
- Increase in-house varieties to cover 25-30% of total command area
Environmental Challenges
- Decline in Indian cane production due to El Niño
- Government restrictions on ethanol production from sugar syrup and B-heavy molasses
- Reduced cane volumes leading to lower power export impacting cogeneration profitability
- Overall sugar sales decrease due to restriction of sugar exports
- Standalone Nutraceuticals Division registered a loss due to certification issues in Europe
- Depleting groundwater level affecting irrigation
- Low cane yield due to pest and disease
- Drought conditions in Karnataka resulting in lower cane supply
- Cane poaching by other factories in Karnataka
- Shortage in supply of polypropylene bags and salt
- Suspension of FCI rice supply to Sankili distillery
Mitigation Strategies
- Devised sustainable sugarcane farming practices optimizing water use and reducing reliance on fertilizers and pesticides
- Promoted regenerative agriculture to restore soil’s organic balance
- Implemented innovative approach involving chip bud seedlings reducing harvesting time
- Encouraged farmers to grow inter-crops reducing weed problems and increasing soil fertility
- Adopted smart irrigation practice based on crop needs
- Launched EID Farmer Connect app providing real-time updates to farmers
- Established cane purchase centers in Andhra Pradesh
- Provided financial support to farmers through crop loan agreements and insurance coverage
- Appealed to Karnataka government for better power sale realizations
- Engaged with a supplier from Gujarat to ensure supply of PP bags and salt
- Engaged with other mills and jaggery producers for insourcing of sugar and sweeteners
- Implemented co-packing arrangements close to new markets
Supply Chain Management
Supplier Audits: Formal vendor assessment before onboarding
Responsible Procurement
- Rigorous vetting of suppliers and contractors to ensure compliance with ethical standards
Climate-Related Risks & Opportunities
Physical Risks
- El Niño
- Erratic climate conditions
- Poor rainfall
- High temperatures
- Drought conditions
- Groundwater depletion
Transition Risks
- Changes in government policies related to ethanol and sugar exports
Opportunities
- Development of energy-efficient products
- Renewable energy generation from bagasse
- Expansion into ethanol production
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001, ISO 45001, Bonsucro, FSSC 22000, ISO 9001, Halal, Kosher, SMETA
Third-party Assurance: Independent audit firm
UN Sustainable Development Goals
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- 5
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- 7
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ESG initiatives align with UNSDGs, contributing positively to global sustainable development.
Sustainable Products & Innovation
- SweetCare Low GI Sugar
- Amrit Brown Sugar
- Amrit Gold Brown Sugar
- Range of staples (rice, pulses, millets)
Awards & Recognition
- FICCI Sustainable Agriculture Award 2023
- CII Commitment to Excellence on EHS practices award
- Best Sugar Plant in Private Sector at SEIA 2024
- Silver Award in Arogya World Healthy Workplace Assessment
- Energy Efficient Unit award
- Most Iconic Organisation Award
- India’s Leading Listed ESG Entities by Dun & Bradstreet
- Rising Star award from India Food Forum