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Kansai Nerolac
The Story Till Date
ESG Approach
Progress on our Materiality:
Environmental
Reducing our Environmental Impact and Sourcing
Sustainably
Materiality 1: Decarbonization
ENERGY MANAGEMENT
Where we are- ✔ 49% Energy from Renewables (Solar, Wind, Biofuels)
- ✔ Utilized 38% of electricity from renewable sources
- ✔ KNPL replaced 100% of grid power with renewable power in July, August and September for our Hosur factory in Tamil Nadu.
Future Direction
- ✔ 70% Electricity (RE70) from Renewable source by 2030
- ✔ Shift to greener and cleaner fuels from fossil fuels
EMISSION MANAGEMENT
Where we are- ✔ Targets Validated by SBTi to reduce (Scope 1,2,3) emissions in line with 1.5oC and setting up FY 2018-19 as baseline year.
- ✔ Achieved 13% reduction in Scope 1 & 2 emissions from baseline FY 2018-19
- ✔ Accomplished 3% reduction in Scope 3 intensity from baseline 2018-2019
Future Direction
- ✔ We are committed to reducing absolute Scope 1 and 2 GHG emissions by 46.2% by FY 2029-30 from a FY 2018-19 base year.
- ✔ Minimizing Scope 3 intensity by 55% by FY 2029-30 from a FY 2018-19 base year.
CLIMATE CHANGE
Where we are- ✔ Conducted biannually, Board-level Risk Committee review
- ✔ Adopted TCFD framework and evaluated various climate-related risks as per the framework
- ✔ Integrated Climate risk with Enterprise Risk Management Framework.
- ✔ Developed 33% greenbelt around our plant facilities
Future Direction
- ✔ Continuing Greenbelt development using Miyawaki
- ✔ Reducing risk arising due to climate change utilizing TCFD framework
Materiality 2: Resource Use
WATER
Where we are- ✔ KNPL became water positive organization in FY 23-24
- ✔ 26 % reduction in Our Specific Water Consumption (Manufacturing Facilities) since FY 2018-19
- ✔ Usage of recycled water & rainwater (26% of total water consumption in FY23-24)
Future Direction
- ✔ Increasing water replenishment projects for sustaining water positive status
WASTE
Where we are- ✔ Zero Liquid discharge (major manufacturing facilities)
- ✔ 6.6% reduction in Specific Hazardous Waste Generation since FY 2018-2019
- ✔ 12068 MT of post consumer plastic waste collected and recycled
Future Direction
- ✔ Zero waste to landfill
- ✔ Continue reducing Specific Hazardous waste generation
- ✔ Comply to EPR Targets
PRODUCT STEWARDSHIP
Where we are- ✔ Interior/exterior emulsions and construction chemicals products received GRIHA certification
- ✔ LCA Conducted for 25 products in across various categories including wood finish paints, solvent-based paints, water-based paints, industrial coatings and powder coatings in FY 23-24
- ✔ Low VOC paints
- ✔ Lead free paints and RMs free from heavy metals and
Future Direction
- ✔ Increase Renewable content
- ✔ Reduce hazardous materials
CIRCULAR ECONOMY
Where we are- ✔ Integrated circular economy criteria into all our processes via reuse or recycling.
- ✔ Bio-composting of Food waste across all major manufacturing facilities.
- ✔ Co-processing of hazardous waste (over 50%) to cement kilns
Future Direction
- ✔ Life Cycle Assessment (LCA)
SUSTAINABLE SUPPLY CHAIN
Where we are- ✔ Trained value chain partners on ESG / BRSR Principles.
- ✔ Mapped suppliers based on their sustainability initiatives
- ✔ Green procurement guidelines prioritize environmentally friendly and energy efficient products, materials and services.
Future Direction
- ✔ BRSR Core for Value Chain Partners
RESPONSIBLE PRODUCT
Where we are Product Packaging contains:- ✔ Safe & Responsible usage
- ✔ Relevant Environment parameters
- ✔ Use of recycled plastic in packaging
Future Direction Declaring:
- ✔ Declaring Relevant social parameters
- ✔ Ensuring Recycling & safe disposal
Social
Empowering People and Communities
Materiality 3: Quality of Life
HUMAN RIGHTS AND EQUALITY
Where we are- ✔ Trained 98% of permanent employees and 87 % of permanent workers on Human Rights
- ✔ Collective Bargaining Fair & Transparent Grievance Redressal mechanism
- ✔ Prevention of child labour or forced labour
- ✔ Commitment to Non-discrimination
- ✔ Internal complaint committee
- ✔ Fair dealing with Business Partners
Future Direction
- ✔ Risk Assessment & Assurance framework
OCCUPATIONAL HEALTH & SAFETY
Where we are- ✔ 92.5 % Safety Culture survey Score
- ✔ ISO45001 certification at all facilities
- ✔ Zero incident/accident across plants
- ✔ Zero Lost Time Injury Frequency Rate
- ✔ Safety Audit conducted as per KPJ Global Safety and Quality (GSQ) Standards
Future Direction
- ✔ Strengthen safety practices by applying insights gained from the GSQ audit findings
COMMUNITY
Where we are- ✔ 46000+ Lives touched by CSR activities.
- ✔ 28 % employee participation in CSR activities
- ✔ Livelihood & Skill Enhancement
- ✔ Community Development
- ✔ Promoting Education
- ✔ Environmental Sustainability
- ✔ Healthcare & sanitation
- ✔ Development of Traditional art and handicraft
Future Direction
- ✔ Continue to be a responsible corporate by partnering in the development of the communities
EMPLOYEE ENGAGEMENT & WELLBEING
Where we are- ✔ Launched Life@Nerolac platform, designed to enhance employee engagement.
- ✔ Wellness Corner App
- ✔ Wellness Wednesdays
- ✔ Great Place to Work certified FY 23-24
- ✔ Step challenge 2.0 for employees
- ✔ Percipio for upskilling
- ✔ Building ICE Culture
Future Direction
- ✔ Concentric approach and Building ICE culturetinue to prioritize people
CUSTOMER SATISFACTION
Where we are- ✔ 89.1 Customer satisfaction index
- ✔ 3.2 Brand equity index
- ✔ Consumer complaint Redressal mechanism
- ✔ Engage only reputable advertising agencies that are members of ASCI (Advertising Standard Council of India)
Future Direction
- ✔ Increase consumer satisfaction index
Materiality 4: Diversity
GENDER
Where we are- ✔ Women employees constitute 4.5% (excluding workers) and 3.8% (including workers) of our permanent workforce.
- ✔ Increasing the recruitment of female employees by consistently identifying roles suitable for women and collaborating with consultants specialising in ‘Diversity Hiring’.
Future Direction
- ✔ Monitor the gender diversity at organizational, Management and functional level
INCLUSIVITY
Where we are- ✔ Collaborated with experts to identify and screen candidates for suitable roles
- ✔ Modified our processes and job roles to match the candidate’s areas of strength
Future Direction
- ✔ All new workplaces to be accessible for people with disability
AGE & NATIONALITY
Where we are- ✔ Diverse Mix of employees in different age brackets.
- ✔ 25% of employees is below 30 years
- ✔ 63% of employees between 31-50
- ✔ 8% of employees above 50 years
- ✔ No discrimination due to age, Nationalityy
Future Direction
- ✔ Encourage participation of employees across India and International subsidiaries
Governance
Managing capital and risks
Materiality 5: Governance
CORPORATE GOVERNANCE
Where we are- ✔ Risk Committee at Board level for Enterprise Risk Management
- ✔ Board Oversight & Management framework on ESG
- ✔ Corporate Governance related Disclosures
- ✔ 3rd Party assurance on selected non-financial parameters
- ✔ Impact assessment for CSR activities
Future Direction
- ✔ ESG assessment of Value chain Partners
RISK MANAGEMENT
Where we are- ✔ Conducted biannually, Board-level Risk Committee review
- ✔ Robust Organization wide Risk Management Framework
- ✔ Covered 400+ employees in training on risk management
- ✔ Climate Change Risk Management Incorporated in our ERM
- ✔ Business continuity policy
Future Direction
- ✔ Promote and Build Risk culture
- ✔ To strengthen Business continuity SOP’s
IT/ CYBER SECURITY
Where we are- ✔ Ariba–SAP Procurement Portal for indirect purchases
- ✔ IOT-enabled technology for smart manufacturing and barcoding
- ✔ Cybersecurity Awareness and Training
- ✔ Well-Documented Cyber security Policy
Future Direction
- ✔ Continuous improvement in IT end user experience
INNOVATION/ IP MANAGEMENT
Where we are- ✔ Launched Avinya platform for Innovation and Idea Management
- ✔ 2 Patents Filed
- ✔ World-class R&D
- ✔ Global Technical Collaborations
- ✔ Sustainable Product Development
Future Direction
- ✔ Continue to be a pioneer in creating best-in class, sustainable and user-friendly products
COMPLIANCE/ TAX STRATEGY
Where we are- ✔ Compliance of statutory obligations, not only in letter but in spirit, in all jurisdictions in which the company has its operations.
- ✔ Not to use secrecy jurisdiction or tax havens for tax avoidance.
Future Direction
- ✔ Continue to comply in letter and spirit
Assurance:
KNPL’s disclosures on key ESG parameters undergo independent
assurance by a third-party external agency (M/s Aneja Assurance
Pvt Ltd), following the International Standard on Assurance
Engagement (ISAE) 3000. Additionally, assurance is provided
regarding the adherence of the disclosures to the GRI’s
Sustainability Reporting Standards.
The assurance report is
available at our sustainability web-link:
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