Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Engagement
• Enterprise

Environmental Achievements

• Bhiwadi site maintained zero wastewater discharge since 2007
• Total energy savings of 3,969.9 GJ due to energy saving initiatives
• Significant reduction in GHG emissions at Dahej through various initiatives (quantified in the report)
• Phased out CFCs and completely stopped production of halons

Social Achievements

• Sustained employee turnover at <10%
• Sustained employee unplanned absence at <1%
• 21.9 average training man-hours per employee during 2017-19
• Project Shiksha supported education of children, particularly girls

Governance Achievements

• No incidents of environmental non-compliance at Bhiwadi
• Implementation of a robust risk management framework covering strategic, operational, financial, IT, and sustainability risks
• Implementation of Total Quality Management (TQM) system

Climate Goals & Targets

Environmental Challenges

• Increase in total emissions due to increased production
• Significant hike in specific Scope 2 emissions for Dahej due to power plant shutdown
• Four instances of environmental non-compliance at Dahej resulting in monetary fines

Mitigation Strategies

• Initiatives to curtail emissions and develop low-carbon footprint products
• Transitioning towards renewable energy sources
• Improving water use efficiency and recycling wastewater
• Implementing corrective actions to address non-compliance issues at Dahej

Supply Chain Management

Responsible Procurement

• Thorough system for supplier evaluation and selection; key criteria include product quality, reliability, delivery timeliness, service, communication, and competitive pricing

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events restricting operational continuity

Transition Risks

• Increasing environmental regulations

Reporting Standards

Frameworks Used: GRI (Core option)

Third-party Assurance: ISAE 3000 - limited assurance

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• Goal 7: Affordable and Clean Energy
• Goal 9: Industry, Innovation and Infrastructure
• Goal 13: Climate Action

Aligned with SDGs through various initiatives related to employee well-being, community education, renewable energy, innovation, and climate change mitigation.

Sustainable Products & Innovation

• Ozone-friendly refrigerants (F 134a, F 32, F 410A, F 407C)
• Low GWP refrigerants

Awards & Recognition

• Institute of Company Secretaries of India CSR Excellence Award
• National CSR Award
• ICC Lifetime Achievement Award
• Family Business of the Year Award
• Safety Award
• Oracle Cloud Platform Innovation Award
• Syngenta Supplier Award for Innovation
• CHEMEXCIL Export Award
• Gold rating in ‘Together for Sustainability’ (TfS)
• ICC Award for Excellence in Management of Health & Safety
• Bhamashah Award

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Incinerated 560.06 MT HFC-23, significantly reducing emissions.
• Achieved zero wastewater discharge unit since 2007 (Bhiwadi).
• Energy savings of 14,308.1 GJ in 2019-20 and 5,412.9 GJ in 2020-21 due to energy saving initiatives.
• Consumed 520 TJ of energy using mustard husk in boilers as biomass.

Social Achievements

• 7% increase in female workforce compared to FY 2017-19.
• Zero major accidents over the last 19 years (Bhiwadi).
• Spent INR 10.18 Cr. on CSR activities related to NRM, education, and art & culture (FY 2020-21).
• 1,173 total training hours adopted.

Governance Achievements

• Established a robust risk management framework.
• Implemented a vigil mechanism for reporting unethical behavior.
• No incidents or complaints related to forced labor, child labor, sexual harassment, or discrimination.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic disrupted production, supply chains, and markets.
• Reducing GHG emissions and carbon footprint.

Mitigation Strategies

• Instituted increased frequency and depth of cleaning at all sites, reduced visitor traffic, implemented travel restrictions, and operated community kitchens.
• Focusing on purchasing renewable energy and maximizing the use of existing technologies to reduce emissions.
• Investing in rainwater harvesting systems and re-use of treated wastewater.

Supply Chain Management

Supplier Audits: Regular assessments of major suppliers based on SA 8000 standard.

Responsible Procurement

• Code of Conduct for chemicals business to assess ESG aspects of strategic suppliers.
• Long-term contracts with key vendors for continuous supply.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards ('Core' option)

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 14064-1:2006

Third-party Assurance: Based on ISAE 3000 – limited assurance criteria

Sustainable Products & Innovation

• Ozone-friendly refrigerants (F-134a and F-32), R-467A refrigerant blend.

Awards & Recognition

• State Safety Award 2020 (Bhiwadi), EY Entrepreneur of the Year 2019, Syngenta Supplier Award 2020, Best STEM Education Project, India’s Best CEO (Ashish Bharat Ram), ICC Award for Excellence in Management of Health & Safety (Bhiwadi)

Environmental Metrics

ESG Focus Areas

• Operational Excellence
• Professional Reputation & Value System
• Customer Advocacy
• Innovation and Technology Leadership

Environmental Achievements

• Energy savings of ~7,745 MWh
• 792 TJ of energy consumed from renewables and biomass
• 675 Million Litres of water consumption met through recycled wastewater
• TTB Manali and PFB Indore (SEZ) Plants installed rainwater harvesting systems
• Supplying fly ash waste for use as raw material in cement industries
• Promote usage of recycled materials as raw materials in production processes

Social Achievements

• 81,321 training manhours
• Increase in female workforce across management levels by more than 7% compared to FY 2019-20
• More than 90% employee engagement score
• Reduction in first-aid cases of employees compared to FY 2019-20: 53
• 18,739 manhours of EHS training imparted to permanent employees
• 1,14,285 beneficiaries of CSR initiatives in local communities

Governance Achievements

• Zero incidents of fines levied or non-compliance with respect to environmental and social aspects
• Continued collaboration with industry associations
• Robust risk management framework integrated with company strategy and planning

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Continuous efforts on local sourcing of raw materials and increasing the use of recycled materials in production

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

• Developed innovative products that are socially and environmentally responsible and have zero ozone depleting substances, low global warming potential (GWP), recyclability and low carbon footprint

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Governance

Environmental Achievements

• Reduced energy consumption at manufacturing sites through LED lights and energy-efficient motors
• Increased renewable energy share in electricity mix via solar power generation projects
• Improved waste management processes with zero liquid discharge facilities and wastewater recycling
• Significant reductions in emissions

Social Achievements

• Invested in employee well-being programs prioritizing health, safety, and well-being
• Achieved record low recordable incident rates in the industry
• Commitment to diversity, equity, and inclusion
• Received ‘Employer of the Future’ recognition by Fortune India magazine in 2022
• Actively engaged with communities, supporting education and infrastructure development

Governance Achievements

• Fluorochemicals business became the first Indian chemical company to obtain ISO 14064-1:2006 certification for GHG emissions verification
• Implemented comprehensive strategies for managing business risks (financial, operational, and regulatory)
• Integrated ESG principles into business strategy
• Established a stakeholder prioritization process

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier evaluation program; code of conduct; prioritization of local and sustainable sourcing

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001, ISO 45001:2018, ISO 14064-1:2006 (Fluorochemicals business)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Next-generation refrigerants

Awards & Recognition

• Employer of the Future (Fortune India 2022)

Environmental Metrics

ESG Focus Areas

• Energy Management
• GHG emission reduction
• Air emissions
• Water conservation
• Waste Management
• Key material procurement and management
• Employment
• Occupational Health and Safety
• Community relations and engagement
• Corporate Governance Practices
• Total Quality Management (TQM)
• Innovation & Research and Development
• Human Rights

Environmental Achievements

• Increase in renewable energy share - In FY 2022-23, our energy consumption from renewable sources stood at 1201 TJ (including biomass consumption) with an increase of 31% as compared to FY 2021-22
• Implemented Thermal Oxidation for further reduction of green house gas emission impact.
• Water credit to debit ratio improvement
• Reduced input of virgin raw material through improved waste management

Social Achievements

• Ensuring we remain as the “go to Company” for emerging talent.
• CSR activities helps empower communities and generates employment leading to development of people and the region
• Implementation of robust safety management systems across all plants
• Grievance Redressal Mechanisms for all employees and workers

Governance Achievements

• Code of Conduct enshrines principles guiding the Company and its employees.
• Established a vigil mechanism for reporting unethical behavior, fraud, or code of conduct violations.

Climate Goals & Targets

Environmental Challenges

• Emission beyond prescribed limits by the respective State Pollution Control Board (SPCB)
• Occupational health & safety risks due to the nature of operations
• Non-adherence to ESG Practices and EHS compliances in organisations providing raw material may lead to supply chain disruptions

Mitigation Strategies

• Ensure monitoring of all sources of air pollutants in Company’s manufacturing locations. Undertake measures to reduce SOx, NOx and PM emissions
• Company continues to implement robust and comprehensive occupational health and safety management systems and minimise Industrial accidents
• Engage in frequent dialogue with raw material suppliers for implementation of EHS Governance and ESG Practices

Supply Chain Management

Supplier Audits: Supplier Quality System assessment wherever possible

Responsible Procurement

• Building trust, fair treatment, and transparency in all procurement-related decisions
• Encouraging suppliers to be fully compliant with applicable laws and to adhere environmental, social and corporate governance standards (ESG standards)

Climate-Related Risks & Opportunities

Opportunities

• Optimising energy installations in our manufacturing locations and facilities to reduce Company’s GHG emissions
• Undertake GHG emissions reduction initiatives through use of fuel from renewable sources, increased use of electricity from renewable sources and implement energy efficient technologies