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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- ✔ 45% Energy from Renewable sources like Biomass, Solar & wind.
- ✔ 39% Electricity from renewable sources like solar, wind at manufacturing facilities
- ✔ ISO 50001: 2018 (Energy Management System) implemented at Goindwal Sahib, Hosur and Lote Plant
Future Direction
- ✔ Achieve RE 70 by 2030
- ✔ Certifying ISO 50001 at all Major Plants
- Shift to greener and cleaner fuels
EMISSION MANAGEMENT
Where we are- ✔ Targets approved 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 >11% reduction in Scope 3 intensity from baseline 2018-2019
Future Direction
- ✔ Reduce Scope 1 & 2 emissions by 46.2% by 2030, from the baseline of FY 2018-19
- ✔ Reduce Scope 3 intensity by 55% by 2030, from the baseline FY 2018-19
- Increase use of raw materials from renewable sources
CLIMATE CHANGE
Where we are- ✔ 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
- ✔ Planted 23,500+ trees around plants in FY 24-25
Future Direction
- ✔ Increase mitigation preparedness for risk arising due to climate change
- ✔ Continuing Greenbelt development using Miyawaki Technique
Materiality 2: Resource Use
WATER
Where we are- ✔ KNPL maintained its Water Positive Status
- ✔ 32% reduction in Our Specific Water Consumption (Manufacturing Facilities) since FY 2018-19
- ✔ >1,60,000 KL of Rainwater and recycled water consumed in operations
Future Direction
- ✔ Continue to maintain water positive status
- ✔ Continue to reduce SWC
- Increase use of recycled water and rainwater
- Implement ISO 46001 at major facilities
WASTE
Where we are- ✔ Zero Liquid discharge at all major manufacturing facilities
- ✔ > 12,000 MT of post consumer plastic waste collected and recycled
- ✔ 3% reduction in Specific Hazardous Waste Generation since FY 2018-2019
Future Direction
- ✔ Comply to Extended Producers responsibility
- ✔ Continue to reduce Specific Hazardous waste generation
- ✔ Zero waste to landfill
PRODUCT STEWARDSHIP
Where we are- ✔ LCA Conducted for 25 mainline products from wood finish paints, solvent-based paints, water-based paints, industrial coatings and powder coatings segments
- ✔ GRIHA Certification received for 15+ products from interior/exterior emulsion and construction chemical category
- ✔ Low VOC paints
- ✔ Heavy metals free Paints
Future Direction
- ✔ Increase use of Renewable content
- ✔ Reduce use of hazardous materials
SUSTAINABLE SUPPLY CHAIN
Where we are- ✔ Engaged with 200+ suppliers to train them on the importance of GHG accounting and assessment of GHG emissions
- ✔ Collected data from 30+ value chain partners on environmental parameters
- ✔ Green procurement guidelines prioritize environmentally friendly materials
Future Direction
- ✔ Engage suppliers in Value Chain Sustainability Program
- 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 Relevant social parameters
Materiality 3: Quality of Life
HUMAN RIGHTS AND EQUALITY
Where we are- ✔ >99% permanent employees covered through training on Human Rights
- ✔ 100% plants and offices audited for child labour or forced labour
- ✔ Comprehensive Policy on Labour Standards/Human Rights policy in place
- ✔ Commitment to Non-discrimination
- ✔ Internal complaint committee
- ✔ Fair dealing with Business Partners
Future Direction
- ✔ Ensure zero human rights abuse
OCCUPATIONAL HEALTH & SAFETY
Where we are- ✔ ISO 45001 certification at all major facilities
- ✔ Zero Lost Time Injury Frequency Rate
- ✔ Safety Audit conducted as per KPJ Global Safety and Quality (GSQ) Standards
- ✔ Behaviour-based safety culture
Future Direction
- ✔ Ensure zero incident/accident
COMMUNITY
Where we are- ✔ 80,000+ Lives touched by CSR activities.
- ✔ 28% employee participation in CSR activities
- ✔ Implemented online CSR platform to track CSR progress
- ✔ Livelihood & Skill Enhancement
- ✔ Promoting Education
- ✔ Environmental Sustainability
- ✔ Healthcare & sanitation
- ✔ Women Empowerment Programs
Future Direction
- ✔ Continue to be a responsible corporate by partnering in the development of the communities
EMPLOYEE ENGAGEMENT & WELLBEING
Where we are- ✔ Great Place to Work certified FY 23-24 (Conducted once in two years)
- ✔ Build Culture of Innovation, Collaboration and Empowerment
- ✔ Digital learning platform Percipio for upskilling
- ✔ Life@Nerolac platform, designed to enhance employee engagement.
- ✔ Wellness Corner App
Future Direction
- ✔ Continue to prioritize people centric approach
CUSTOMER SATISFACTION
Where we are- ✔ >89% Customer satisfaction index
- ✔ Brand equity index of 3
- ✔ >5% reduction in customer complaints from previous year
- ✔ Consumer complaint Redressal mechanism
- Engage only reputable advertising agencies that are members of ASCI (Advertising Standard Council of India)
Future Direction
- ✔ Continue to increase customer satisfaction index
Materiality 4: Diversity
GENDER
Where we are- ✔ Women employees constitute >4.7% (excluding workers)
- ✔ Increasing the recruitment of female employees by consistently identifying roles suitable for women and collaborating with consultants specializing in ‘Diversity Hiring’
Future Direction
- ✔ Promote Gender Diversity at organizational, Management and functional level
INCLUSIVITY
Where we are- ✔ Accessibility audit conducted at HO, Mumbai and recruited two differently abled candidates in permanent workforce
- ✔ Built process of identifying suitable positions, screening candidates and recruitment.
- 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 future workplaces to be accessible for people with disability
AGE & NATIONALITY
Where we are- ✔ Diverse Mix of employees in different age brackets.
- ✔ 30 years – 26%
- ✔ 30-50 years – 65%
- ✔ >50 years – 9%
- ✔ No discrimination due to age, Nationality
Future Direction
- ✔ Continue to be an equal opportunity employer and an organization with diverse mix of geographies
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
- ✔ Staying compliant with all the applicable laws and regulations
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, SOP, Formats & Logs implemented
Future Direction
- ✔ Promote and Build Risk culture
IT/ CYBER SECURITY
Where we are- ✔ Ariba–SAP Procurement Portal for indirect purchases
- ✔ IOT-enabled technology for smart manufacturing and barcoding
- ✔ Digitalize Stakeholder engagement through our Digital Ecosystem
- ✔ Cybersecurity Awareness and Training
- ✔ Well-Documented Cyber security Policy
Future Direction
- ✔ Continuous improvement in IT end user experience
- ✔ Information Asset Management framework and Implementation
INNOVATION/ IP MANAGEMENT
Where we are- ✔ 4 Patents Filed in FY 24-25
- ✔ World-class R&D
- ✔ Global Technical Collaborations
- ✔ Sustainable Product Development
- ✔ Launched Avinya platform for Innovation and Idea Management
- ✔ Launched 2 seasons of “Avinya” in FY 24-25
Future Direction
- ✔ Continue to provide 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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