Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Safety, Health & Environment (SHE)
• Corporate Social Responsibility (CSR)

Environmental Achievements

• Efforts have been initiated to improve overall equipment efficiency at all plants.
• Fuel switch over from furnace oil to natural gas at Nandesari, Katol and Dahej plant has been implemented for cleaner environment and better energy efficiency.
• Installation of screw air compressor with variable frequency drive has reduced the power consumption at all plants.
• Changeover from CFL/MLL to LED lights for street lights has resulted in energy savings at Dahej, Nandesari, Katol & Moxi plants.
• Biogas plant installed at Dahej facility, converting food waste to energy.

Social Achievements

• Running of Mobile Health Unit, providing basic medical facilities in the villages near Company’s plants.
• Providing educational and infrastructural facilities such as smart classroom installation, distribution of notebooks.
• Providing special assistance to the schools of differently abled kids
• Project for art galleries, studios and infrastructure for protection of art

Governance Achievements

• The Company observes high standards of Corporate Governance in all areas of its functioning with strong emphasis on transparency, integrity and accountability.
• The Board of Directors has adopted the 'Board Diversity Policy', which sets out the approach to diversity of the Board.
• All related party transactions which were entered into during the year under review were on arm's length basis and in the ordinary course of business.

Climate Goals & Targets

Environmental Challenges

• Fluctuations in raw material prices can significantly impact the costs and margins.
• India imports a significant amount of polymer resins to meet its increasing domestic demand, it creates pressure on domestic manufacturers which may result in lower prices and margins.
• Stringent environmental regulations and adapting to eco-friendly manufacturing processes.
• Rapid advancements in technology may disrupt the traditional manufacturing processes and therefore companies need to invest in research and development to stay competitive and adapt to emerging technologies such as biodegradable polymers, recycling technologies, and additive manufacturing techniques.

Mitigation Strategies

• Your Company continues to monitor changes in general economic situation and is prepared to take measures to safeguard its business operations.
• Our close association with key OEMs in automotive and household segments has enabled us to drive profitable growth and we expect it to continue in the coming year.
• Your Company utilizes its R&D capabilities to develop new products for the automotive, household and healthcare segments and maintains a strong intellectual property position.
• An active focused approach helps us in ensuring minimal impact to the Company, if any.

Supply Chain Management

Responsible Procurement

• We have corporate guidelines to source all input materials with sustainable compliances.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indian Accounting Standards (Ind AS)

Certifications: ISO 9001, ISO 14001

Third-party Assurance: Deloitte Haskins & Sells

Environmental Metrics

ESG Focus Areas

• Safety and Health
• Environment
• Sustainability

Environmental Achievements

• Successfully converted fuel source from Natural Gas to Renewable Fuel source at Dahej plant.
• Completed de-bottlenecking activity at Dahej, increasing PS capacity from 66kt to 100KT.
• Energy, waste, water, emission reduction measures implemented.
• Green belts development in neighboring areas.

Social Achievements

• 3.7 Million work hrs. for Employee and 5.1 Million work hrs. for contractors with only one reportable incident (contractor).

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: ISO 14001:2015

Certifications: ISO 14001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed