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Kansai Nerolac
The Story Till Date

Materiality

Materiality plays a crucial role in identifying key topics that have a significant influence on both KNPL’s business performance and stakeholder interests. By analysing these material topics, our Company defines our strategic goals and ambitions, instituting an effective sustainability framework. Additionally, our materiality processes are aligned with the guidance provided by the Global Reporting Initiative (GRI) Standards.

Materiality Determination Process:
We analyse sectors, study industry peers, refer to sustainability standards and frameworks and draw on past experiences to compile a comprehensive list of material topics. These topics are then prioritised through engagements with key internal and external stakeholders and senior management interactions. Following this, we establish an appropriate action plan and map out strategic goals and targets. Furthermore, performance against these targets is monitored and the action plan is reviewed as necessary.

Identification and Assessment of Material Topics

Prioritisation of Material Topics

Set Strategic Goals

Develop Action Plan

Review of Performance

Our Materiality:
We have categorised our material topics into five broad areas: Decarbonisation, Resource Use, Quality of Life, Diversity and Governance

Decarbonisation
  • Energy Management
  • Emission Management
  • Climate Change
Resource Use
  • Water Management
  • Waste Management
  • Product Stewardship
  • Responsible Product
  • Sustainable Supply Chain
Quality of Life
  • Human Rights
  • Occupational Health and safety
  • Employee Engagement and Well-being
  • Community development
  • Customer Satisfaction
Diversity
  • Diversity (Age, Gender, Regional)
  • Inclusivity
Governance
  • Corporate Governance
  • Risk Management
  • Compliance
  • Innovation/IP Management

Materiality Assessment:

MATERIALITY

MATERIAL TOPIC

GRI TOPIC

BOUNDARY

CAPITALS IMPACTED

Decarbonisation

Energy Management

GRI 302: Energy

Internal and External

Natural Capital

Emissions Management

GRI 305: Emissions

Internal and External

Natural Capital

Climate Change

Non-GRI

Internal and External

Natural Capital

Resource use

Water Management

GRI 303: Water and Effluents

Internal and External

Natural Capital

Waste Management

GRI 306: Waste

Internal and External

Natural Capital

Product Stewardship

GRI 416: Customer Health and Safety

Internal and External

Intellectual Capital

Manufacturing Capital

Social and Relationship Capital

Responsible Product

Non-GRI

Internal and External

Intellectual Capital

Manufacturing Capital

Social and Relationship Capital

Sustainable Supply Chain

GRI 308: Supplier Environmental Assessment

GRI 414: Supplier Social Assessment

Internal and External

Social and Relationship Capital

Natural Capital

Diversity

Diversity (Age, Gender, Regional)

GRI 405: Diversity and Equal Opportunity

Internal

Human Capital

Inclusivity

GRI 406: Non-Discrimination

Internal

Human Capital

Quality of life

Human rights

GRI 412: Human Rights

Internal and External

Human Capital

Social and Relationship Capital

Occupation Health and Safety

GRI 403: Occupational Health and Safety

Internal

Human Capital

Employee Engagement and Well being

GRI 401: Employment

GRI 404: Training and Education

Internal

Human Capital

Community Development

GRI 413: Communities

External

Social and Relationship Capital

Customer Satisfaction

Non-GRI

External

Social and Relationship Capital

Governance

Corporate Governance

GRI 102: General Disclosures

Internal

Financial Capital

Human Capital

Social and Relationship Capital

Risk Management

GRI 102: General Disclosures

Internal

Financial Capital

Manufacturing Capital

Intellectual Capital

Natural Capital

Human Capital

Social and Relationship Capital

Compliances

GRI 307: Environmental Compliance

GRI 419: Socio-Economic Compliance

Internal and External

Financial Capital

Manufacturing Capital

Natural Capital

Social and Relationship Capital

Innovation/ IP Management

Non-GRI

Internal and External

Financial Capital

Manufacturing Capital

Intellectual Capital

 

 

Material Aspects and Scope:

Material Aspects Materiality and Scope for KNPL
Economic Aspects
Economic performance Strong economic performance Performance necessary for an organization to be sustainable.
Market Presence KNPL caters to its valued customers through its distribution network of depots and dealers across INDIA.
Contribution to local areas and communities through employment is an important aspect. KNPL contributes to local employment in a market wherever it operates.

Employment is generated directly such as at manufacturing sites. depots or indirectly for sourcing of various materials or services from local market.
Indirect Economic activity KNPL addresses this material aspect activity through its Corporate Social Responsibility (CSR) activities.
Procurement practices KNPL tries to procure its raw materials practices from local vendors to the extent possible. However, certain ingredients are imported to fulfill specific Quality/specification and Safety requirements.
Environmental Aspects
Materials

Environmental performance is an important component of triple bottom line performance. It is necessary for an organization to reduce the environmental impact of its operation through efficient manufacturing processes and by adopting cleaner technologies. It is the need of the hour to efficiently use natural resources like water and materials efficiently, while reducing waste, emissions and effluents. KNPL has always been keen on the development of eco-friendly products and technologies to help reduce their impact during paint application.

Energy
Water
Biodiversity
Emissions
Effluents and Waste
Compliance
Transport
Overall
Products and Services KNPL has always been keen on leveraging its technological edge to develop innovative products and technologies to reduce environmental footprint during the application phase.
Being the leader in industrial coatings, it has developed products which are made of concern-free ingredients and are low in energy consumption during application.
It has differentiated its decorative products as Healthy Home Paints.
Supplier Assessment for Labour Practices and Environment Supplier assessment and due diligence is an important aspect of sustainability. KNPL exercises it through supplier audits on various aspects such as ISO 14001, OHSAS 18001 certifications and statutory compliance amongst others.
Material Aspects Related to Labour Practices
Employment Employees are an important asset to the organization.
Diversity and Equal Opportunity KNPL is an equal opportunity employer.
Labour/ Management Relations

KNPL is committed to conducting its activities in such a way so as to take the foremost account of the Occupational Health and Safety (OH & S) of its employees and all the individuals working at its plants.

Occupational Health and Safety
Training and Education Training and Education of the workforce is necessary to upgrade the skills of employees working in various functions.
It helps the organization to be competitive through enhanced employee participation and engagement.
Human Rights KNPL complies with all applicable regulations and standards with respect to human rights.
Material Aspects Related to Society - Local Community In today's era it is important to be a good corporate citizen and neighbour, in order to maintain a social license to operate.
KNPL has a policy to guide Corporate Social Responsibility (CSR) activities in areas around its operational sites.
The manufacturing locations and corporate office drives plan CSR programs in the scheduled quarter by involving external agencies or on their own.
Anti-Corruption KNPL has a well-established code of conduct and whistle-blower mechanism to address corruption-related risks.
Material Aspects Related to Product Responsibility
Marketing Communications

KNPL complies with all applicable regulations with respect to marketing communications, labelling and customer privacy. It also tries to promote the healthier and safer nature of its products through packaging labels.

Product and Service Labelling
Customer Privacy KNPL maintains customer privacy in terms of sharing and publishing of customer details.
Customer Health and Safety KNPL products have gained popularity as Healthy Home Paints in the market. It has pioneered and introduced low-VOC paints with no added lead in Indian markets.
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