Our planet The Earth is a priceless entity. With its natural resources, flora and fauna and unique position in our solar system, the Earth is the only planet to be able to sustain the life of such diversity. Yet Mother Earth has been taken for granted by the Human Race countlessly. Resultantly, we are now faced with frequent disasters like climate change, unprecedented and untimely heat waves, flash floods, earthquakes etc, that pose risks to human life and property apart from the accelerated decay of our natural resources that are vital for the sustenance of life on the planet.
Over the last decade, the awareness about climate change and its risks has evolved exponentially, with both society and the corporate world actively taking steps to mitigate the risks to the environment. For corporations around the world, an actionable strategy that nurtures a relationship of give and take with the environment creates trust in the ways of doing business and ensures the development of the community and society at large has become a part of their existence. Widely abbreviated as ESG – standing for Environment, Social and Governance, the ambit of this portfolio encompass important steps being taken by international corporations to ensure a positive impact of their operations on the world.
ESG has taken shape as a portfolio under the leadership of our directors. Our annual report of FY 2020-2021 describes how ESG is our way to a nature friendly, socially driven and transparent organization. It is important to realise here that we started this journey a few years back. We’ve made some strategic investments into technologies and initiatives that have a positive impact on the way we conduct our business. By ensuring our products are compliant with various product quality certifications, we’ve ensured our customer’s safety remains our top priority. The implementation of improvised water treatment systems in our production process has saved us 8 million litres of water and 80000 kilowatt-hours of electrical energy. Though in the initial stages, our usage of cashew nut shells in place of synthetic and petrochemical products has enabled us to reduce around 10% of our phenol use with natural products. The use of biofuel has offset 1.16 million tons of CO2 emissions and our solar plants generate 0.3 million megawatts of energy. Our waste management strategy of Reduce-Reuse-Recycle has saved us over 8000 fully grown trees.
We’ve put a firm step in the corridor of ESG. We need to hold hands together to ensure we adhere and grow the levels of collective compliance to higher levels in the times to come to conserve our natural resources and create a better Earth for the generations to follow.