Material area identified Indicate whether risk or opportunity Rationale for identifying risks | opportunities Mitigating actions Financial implications of the risk or opportunity Climate change Climate change represents a principal risk to the Company. Our operations rely heavily on coal which may have direct effect on greenhouse gas emissions and climate change. Adopting responsible business practices is essential for creating long-term value. As the world transitions to a low-carbon economy, key regulatory and market transition risks that may come to the fore include rising product costs and future government policies and regulations. The Company is committed to taking collective and constructive action to address climate change and reduce carbon footprint. Following actions are being taken: Validate targets using methods approved by the Science Based Targets initiative (SBTi) Disclose science-based targets Develop a detailed decarbonisation plan Implement energy efficiency measures Switch from fuel to renewable energy Switch from purchased grid electricity to renewable electricity Explore carbon credit or offset mechanisms Negative Water management Our manufacturing operations require significant water. Hence, the Company may experience direct or indirect impacts on its business operations due to water scarcity. Prudent water management improves the availability of water and may help in sustainable water balance. The Company has undertaken the following measures for water management: Conduct internal and external water audits Develop a comprehensive monitoring mechanism Implement rainwater harvesting projects to augment supply at watershed level Explore opportunities to use benign solvents instead of water Switch to waterless technologies for cleaning the vessels Use greywater for toilets Install process and steam condensate recovery system Recycle water Positive 26. Overview of material responsible business conduct areas Risk Opportunity Integrated Annual Report 2024-25 98
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