Welcome to the Primo Chemicals ESG Profile
Last Updated: 26 Dec 2022
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| Subfactor | Keywords | Core Frameworks | DocuLinks | Factsheet | Highlights | |
|---|---|---|---|---|---|---|
| Awards and Recognitions | ||||||
| Awards and Recognitions | Environment Awards |
Awards |
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"National Award for Excellence" in Energy Conservation; In December, 2009, the Company has been awarded a Trophy, a Certificate of Merit and an Award of Rs.1.00 lac by the Punjab Energy Development Agency for securing the First Position in the category of Energy Intensive Industries in the State Level Energy Conservation Award Competition, for the Companys efforts in the field of Energy Conservation during the year 2008 | ||
| Awards and Recognitions | Governance Awards |
Awards |
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"Jawaharlal Nehru Memorial Award" for excellence in Industry | ||
| Awards and Recognitions | Social Awards |
Awards |
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"Punjab State Safety Award" for Largest Reduction in Frequency Rate of Accidents in Chemical Industry; Our employees have got Vishwakarma Rashtriya Puruskar from Government of India Kirt Shromani & Kirt Veer Awards in the field of Safety & Productivity from Government of Punjab | ||
| Board of Directors | ||||||
| Board of Directors | Shri. Sukhbir Singh Dahiya |
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Shri. Sukhbir Singh Dahiya is the Chairman of the Company; He is Non-Executive Non-Independent Director; He is part of Nomination and Remuneration Committee; He holds a Diploma in Civil Engineering from Haryana State Board of Technical Education. He has an experience of over 32 years including 17 years in chemical industry | |||
| Board of Directors | Shri. Naveen Chopra |
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Shri Naveen Chopra is Managing Director of the company; He is a part of Audit Committee, Risk Management Committee and Stakeholders Relationship cum Share Transfer Committee; He holds a Degree in Bachelor of Engineering (Chemical) and has done MBA from Panjab University, Chandigarh. He has an experience of over 31 years | |||
| Board of Directors | Shri. Jagbir Singh Ahlawat |
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Jagbir Singh Ahlawat is a Non-Executive Non-Independent Director; He holds a Diploma in Civil Engineering from Haryana State Board of Technical Education and AMIE (civil) from the Institution of Engineers (India). He has an experience of over 30 years including 17 years in the Chemical Industry; He is part of Corporate Social Responsibility Committee | |||
| Board of Directors | Shri. Jatin Dahiya |
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Jatin Dahiya is an Executive Director; He holds a Degree in Bachelor of Engineering from Delhi University and Masters in Management from Duke University (United States). He has an experience of 6 years in the Chemical Industry; He is part of the Risk Management Committee | |||
| Board of Directors | Shri. Ashok Goyal |
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Ashok Goyal is a Non-Executive independent director; He has done Post-Graduation in Economics from Panjab University and has been serving as member of Senate of University and Syndicate and has an experience of about 28 years in the field of Academic Administration; He is part of Corporate Social Responsibility Committee, Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship cum Share Transfer Committee | |||
| Board of Directors | Shri. Kuldip Singh Suhag |
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Kuldip Singh Suhag is a Non-Executive Independent director; He has done Bachelor of Engineering (Civil Engineering) and has an experience of about 43 years in Civil Engineering; He is part of the Corporate Social Responsibility Committee, Audit Committee, Nomination and Remuneration Committee | |||
| Board of Directors | Shri. Tilak Raj Bajalia |
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Tilak Raj Bajalia is a Non-Executive Independent Director; Retired Bank Officer. He is an Economics Graduate with Professional Degree of ICWAI and CAIIB. He has 40 years of Banking experience, which spans various business segments such as SME Banking, Corporate Banking, Restructuring of Stressed Assets, Human Resources, Legal and Administration; He is part of the Corporate Social Responsibility Committee, Audit Committee, Nomination, and Remuneration Committee | |||
| Board of Directors | Smt. Teesta Sandhu |
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Teesta Sandhu is an Independent Female Board of Director; She has done MBA with specialization in HR and Marketing. She has about 18 years of experience which includes working with the Oberoi Group of Hotels, Hilton, Marriott Hotels, Cinepolis India Ltd, Kingfisher Airlines, Forest Essentials and Ethos Pvt. Ltd.; She is part of the Risk Management Committee | |||
| Company Overview | ||||||
| Company Overview | ESG a Core Pillar of Strategy |
Strategy | FTSE Russell E: Climate Change GRI 102: GD Strategy IFC PS 1: Environmental and Social Risks and Impacts SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal WEF Governance: Risk and Opportunity Oversight |
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The Company is committed to run its operations in an environment-friendly manner. The Company’s endeavor is to take all possible measures towards ensuring safety, pollution control and good housekeeping across all its Plants. Online Monitoring System has been installed at Works as per requirement of Central Pollution Control Board. A Safety Audit of the Plant was conducted during the financial year 2021-22 from the National Safety Council and its recommendations are being implemented; In alignment with vision of the Company, PCL, through its CSR initiatives, shall continue to enhance value creation in the society and in the community in which it operates, through its services, conduct & initiatives, so as to promote sustained growth for the society and community, in fulfillment of its role as a Socially Responsible Corporate Citizen with environmental concern; The Company’s core philosophy on the code of Corporate Governance is to ensure fair and transparent business practices with accountability for performance. The compliance of applicable statute is of utmost importance to the Company. The transparent and timely disclosure of financial and management information always remains priority for the Company | |
| Company Overview | ESG Reporting Track Record |
Affiliations | CSA E: Environmental Reporting FTSE Russell E: Climate Change GRI 102: GD Reporting Practice SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal WEF Governance: Risk and Opportunity Oversight |
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A : 8 | Data on ESG is available since 2015 |
| Company Overview | Dedicated Executive ESG Role |
Board of Directors, Board Skills, Strategy | CDP: Climate FTSE Russell E: Climate Change GRI 102: GD Strategy IFC PS 1: Environmental and Social Risks and Impacts SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Governance TCFD: Governance UNGC Principle 07 Environment WEF Governance: Governing Purpose |
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A : 4 | CSR Committee: Chairman: Shri Kuldip Singh Suhag; Members: Shri Ashok Goyal, Shri Tilak Raj Bajalia, Shri Jagbir Singh Ahlawat; The Company has constituted Corporate Social Responsibility Committee in line with the provisions of Section 135 of the Companies Act, 2013 to (a) Formulate and recommend to the Board, a CSR Policy indicating the activities to be undertaken by the Company as specified in Schedule VII of the Act, (b) Recommend the amount of expenditure to be incurred in the activities mentioned in the CSR policy and (c) Monitor the CSR Policy |
| Company Overview | Board Skill Depth |
Board of Directors, Board Skills | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Strategy MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance UNGC Principle 07 Environment WEF Governance: Quality of Governing Body |
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The details of Core Skills/ Expertise/ Competencies of Board of Directors are disclosed in Annual Report 2022 | |
| Company Overview | Supply Chain ESG Influence |
Supply Chain | BRSR Principle 1: Ethical Transparent and Accountable BRSR Principle 3: Promote Well-being CDP: Climate CSA Econ: Supply Chain Management FTSE Russell E: Climate Change GRI 102: GD Organizational Profile SASB: Business Model and Innovation SDG 08: Decent Work and Economic Growth WEF Governance: Stakeholder Engagement |
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PCL is committed to sustainable development and to achieve that we shall Influence our contractors and suppliers to adopt the PCL's environmental policy and practices and encourage appropriate environmental management across the supply and value chain | |
| Company Overview | Company Website ESG Links |
Approach | FTSE Russell E: Climate Change GRI 102: GD Organizational Profile SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Governance WEF Governance: Risk and Opportunity Oversight |
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In alignment with vision of the Company, PCL, through its CSR initiatives, shall continue to enhance value creation in the society and in the community in which it operates, through its services, conduct & initiatives, so as to promote sustained growth for the society and community, in fulfillment of its role as a Socially Responsible Corporate Citizen with environmental concern; Safety and Environment: Our Company has achieved and maintained ZERO LIQUID DISCHARGE (ZLD) as per requirement of Punjab Pollution Control Board. An online Monitoring System has been installed in line with directions of CPCB to ensure the emissions within permissible limits | |
| Company Overview | Company Website Governance Links |
Approach | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Organizational Profile SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Risk and Opportunity Oversight |
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Investor Relation section is part of company website | |
| Corporate Information | ||||||
| Corporate Information | Sustainability Website |
Environment | STALYTCS: Corporate Governance | https://primochemicals.in/esg-profile/ https://primochemicals.in/csr/ | ||
| Corporate Information | Year of Incorporation |
STALYTCS: Corporate Governance | 1975 | |||
| Corporate Information | Financial Year End |
PE: Operating Performance | 1st April 2022 - 31st March 2023 | |||
| Corporate Information | Corporate Address |
STALYTCS: Corporate Governance | Head Office: S.C.O. 125-127, Sector 17-B, CHANDIGARH - 160 017. (INDIA) Works: Nangal-Una Road, Naya Nangal - 140 126 PUNJAB (INDIA) | |||
| Corporate Information | Financial Reporting Currency |
Indian Rupees (INR) | ||||
| Corporate Information | E-mail |
STALYTCS: Corporate Governance | Email Id : enquiry@punjabalkalies.com | |||
| Corporate Information | Telephone |
STALYTCS: Corporate Governance | Phones : 0091-172-4072543/4072546; Phones : 0091-1887-220750 to 220754, 220552, 220891 | |||
| Corporate Information | Website |
STALYTCS: Corporate Governance | https://primochemicals.in | |||
| Corporate Information | Last Financial Year |
STALYTCS: Corporate Governance | 1st April to 31st March | |||
| Corporate Information | Listing Stock Exchange |
STALYTCS: Corporate Governance | BSE Limited (Ticker: PCL) | |||
| Corporate Information | Paid-up Capital |
STALYTCS: Corporate Governance STALYTCS: Health and Safety |
Consequent to the above allotments and Sub-Division, paid-up share capital of the Company as on 31st March, 2022 and now stood at Rs.48,46,86,440/- (Rupees Forty eight crores forty six lacs eighty six thousand four hundred and forty only) divided into 24,23,43,220 (Twenty four crores twenty three lacs forty three thousand two hundred and twenty) equity shares Rs.2/- (Rs. Two only) each | |||
| Corporate Information | Number of Employees |
PE: Operating Performance | MSCI S: Human Capital STALYTCS: Human Capital Development |
As on 31st March, 2022, Total number of employees are 357 and 26 number of employees are on temporary/ contractual basis and 215 number of employees on casual basis | ||
| Environment | ||||||
| Environment | Environment Strategy in Place |
Strategy | CSA E: Operational Eco-Efficiency EU Tax 1: Climate Change Mitigation FTSE Russell E: Climate Change GRI 307: Environmental Compliance IFC PS 1: Environmental and Social Risks and Impacts IIRF: Intellectual Capital MSCI E: Climate Change SASB: Environment SDG 11: Sustainable Cities and Communities SDG 13: Climate Action TCFD: Strategy UNGC Principle 07 Environment WEF Planet: Climate Change |
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The Company is committed to run its operations in an environment-friendly manner. The Company’s endeavor is to take all possible measures towards ensuring safety, pollution control and good housekeeping across all its Plants. Online Monitoring System has been installed at Works as per requirement of Central Pollution Control Board. A Safety Audit of the Plant was conducted during the financial year 2021-22 from the National Safety Council and its recommendations are being implemented. The Company strives to make enhance energy efficiency of all its manufacturing facilities. The Energy Audit is conducted on a regular basis; Our Company has achieved and maintained ZERO LIQUID DISCHARGE (ZLD) as per requirement of Punjab Pollution Control Board. An online Monitoring System has been installed in line with directions of CPCB to ensure the emissions within permissible limits; The management of industry is quite conscious of the issues of environmental protection: Company is certified under ISO 9001:2008 and ISO 14001, 2004 | |
| Environment | Identifying and Assessing Climate and Environment Related Risks |
Climate, Risk Control | CDP: Climate CDP: Water CSA E: Climate Strategy CSA Econ: Risk and Crisis Management EU Tax 1: Climate Change Mitigation FTSE Russell G: Risk Management GRI 305: Emissions IFC PS 1: Environmental and Social Risks and Impacts IIRF: Natural Capital MSCI E: Climate Change SASB: Business Model and Innovation SDG 13: Climate Action STALYTCS: Carbon Emissions TCFD: Risk Management UNGC Principle 08 Environment WEF Planet: Climate Change |
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Hazard ldentification and Risk Assessment (HIRA) and Disaster Management Plan are already in place. We have already submitted copies of the on-site emergency plan, off-site emergency plan and Disaster Management Plan to the Regional Office of MoEF&CC at Chandigarh | |
| Environment | Environmental Capital Budgeting |
Investing, Metrics | BRSR Principle 2: Sustainable and Safe FTSE Russell E: Climate Change GRI 102: GD Strategy IIRF: Financial Capital SASB: Business Model and Innovation SDG 08: Decent Work and Economic Growth TCFD: Strategy WEF Governance: Risk and Opportunity Oversight |
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A : 1640000 B : 3255000 C : -49.6 | Plantation near local area for Environmental Sustainability: Rs. 12.40 Lacs; Animal Welfare: Rs. 4 Lacs |
| Environment | Innovation and Product Stewardship |
Initiatives, Product Development, Strategy | BRSR Principle 2: Sustainable and Safe CSA E: Operational Eco-Efficiency EU Tax 2: Climate Change Adaptation FTSE Russell S: Customer Responsibility GRI 301: Materials IIRF: Manufactured Capital SASB: Business Model and Innovation SDG 12: Responsible Consumption and Production UNGC Principle 07 Environment WEF Prosperity: Innovation of Products and Services |
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For the production of Caustic Soda in electrolysis process, the Company uses electrolyzer elements (anodes and cathodes) made by ThyssenKrupp, Germany. In an effort to modernize the electrolysis operation, the Company has already replaced old Generation-3 electrolyser elements with latest new generation (Generation-6) elements, thereby decreasing the power consumption and increase in production. In Unit 1of the plant the company is operating 200 elements 100 each of old Generation-2 & Generation-3 and is in the process of conversion of these old Generation elements into latest technology Generation 6 elements; The Research & Development effort of the Company continued to be directed towards energy conservation and pollution control | |
| Environment | Net Zero Commitments |
Climate, Committees, GHG Emissions, Targets | BRSR Principle 6: Protect and Restore Environment CDP: Climate CSA E: Operational Eco-Efficiency EU Tax 2: Climate Change Adaptation FTSE Russell E: Climate Change GRI 305: Emissions IFC PS 3: Resource Efficiency and Pollution Prevention MSCI E: Climate Change SASB: Environment SDG 13: Climate Action STALYTCS: Carbon Emissions WEF Planet: Climate Change |
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The Company has achieved and maintained Zero Liquid Discharge (ZLD) as per requirement of Punjab Pollution Control Board | |
| Environment | GHG Reduction Initiatives |
Climate, GHG Emissions, Initiatives | BRSR Principle 6: Protect and Restore Environment CDP: Climate CSA E: Operational Eco-Efficiency EU Tax 2: Climate Change Adaptation FTSE Russell E: Pollution and Resources GRI 305: Emissions IFC PS 1: Environmental and Social Risks and Impacts IIRF: Natural Capital MSCI E: Climate Change MSCI E: Pollution and Waste SASB: Business Model and Innovation SDG 13: Climate Action STALYTCS: Carbon Emissions TCFD: Metrics and Targets UNGC Principle 08 Environment WEF Planet: Climate Change |
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The Company constantly endeavors to improve its environmental performance and reduction of emission from its existing facilities. For the new products under development the Company ensures minimal impact by optimizing the process parameters & controlling emissions. The Company does not have registered any projects under the Clean Development Mechanism. Our Company has achieved and maintained Zero Liquid Discharge (ZLD) as per requirement of Punjab Pollution Control Board. An online Monitoring System has been installed in line with directions of CPCB to ensure the emissions within permissible limits | |
| Environment | Protecting Land, Natural Resources and Biodiversity |
Biodiversity, Initiatives, Resource Efficiency | BRSR Principle 6: Protect and Restore Environment CDP: Forests CSA E: Environmental Policy and Management System EU Tax 6: Protection and Restoration of Biodiversity and Ecosystems FTSE Russell E: Biodiversity GRI 413: Local Communities IFC PS 6: Biodiversity and Living Natural Resources IIRF: Natural Capital MSCI E: Natural Capital SASB: Environment SDG 11: Sustainable Cities and Communities UNGC Principle 08 Environment WEF Planet: Resource Availability |
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The Company tries to adopt renewable energy and energy efficiency measures in its operations wherever possible, plant trees and take other initiatives to protect and save the environment. PCL is committed to sustainable development and to achieve that we shall: Take initiatives towards efficient use of natural resources and energy, protecting biodiversity in our area of influence, reduction and prevention of pollution, promoting waste avoidance and recycling measures in line with internationally disseminated technologies and practices | |
| Environment | Energy Efficiency Initiatives |
Energy, Initiatives | BRSR Principle 6: Protect and Restore Environment CDP: Climate CSA E: Operational Eco-Efficiency EU Tax 2: Climate Change Adaptation FTSE Russell E: Climate Change FTSE Russell E: Pollution and Resources GRI 302: Energy IFC PS 3: Resource Efficiency and Pollution Prevention IIRF: Manufactured Capital MSCI E: Environmental Opportunities SASB: Business Model and Innovation SDG 07: Affordable and Clean Energy TCFD: Metrics and Targets UNGC Principle 08 Environment WEF Planet: Climate Change |
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The Company tries to adopt renewable energy and energy efficiency measures in its operations wherever possible, plant trees and take other initiatives to protect and save the environment; The Company tries to adopt renewable energy and energy efficiency measures in its operations wherever possible, plant trees and take other initiatives to protect and save the environment; Steps taken by company towards energy conservation: Replacement of Cooling tower pumps + motors with energy efficient pump + motors; Installation of VFD at FD fan of Rice husk fired boiler; Installation of Energy meters in Plant; Replacement of existing reciprocating chilled water compressor by energy efficient screw compressor; Replacement of reciprocating Instrument Air Compressor with new energy efficient screw compressors; Replacement of existing lighting fixtures with low wattage LED lighting fixtures; New harmonic filters 5th & 11th added after enhancement of contract demand to maintain power factor 0.99; New motors that are being added are energy efficient i.e.IE3 class instead of standard motors | |
| Environment | Energy Consumption and Savings |
Energy, Metrics | BRSR Principle 6: Protect and Restore Environment CDP: Climate CSA E: Operational Eco-Efficiency EU Tax 2: Climate Change Adaptation FTSE Russell E: Climate Change GRI 302: Energy IFC PS 3: Resource Efficiency and Pollution Prevention IIRF: Manufactured Capital MSCI E: Natural Capital SASB: Business Model and Innovation SDG 07: Affordable and Clean Energy TCFD: Metrics and Targets WEF Planet: Climate Change |
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A : 280001000 | Electricity or Energy Consumption is 280001000 kWh for the reporting year |
| Environment | Energy Efficiency History |
Energy, Metrics | BRSR Principle 6: Protect and Restore Environment CSA E: Operational Eco-Efficiency EU Tax 2: Climate Change Adaptation FTSE Russell E: Pollution and Resources GRI 302: Energy IFC PS 3: Resource Efficiency and Pollution Prevention IIRF: Manufactured Capital MSCI E: Natural Capital SASB: Environment SDG 07: Affordable and Clean Energy TCFD: Metrics and Targets WEF Planet: Climate Change |
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A : 9 | Data on Energy Conservation and Generation is available since 2014 |
| Environment | Transition to Renewable Energy |
Energy, Initiatives | BRSR Principle 6: Protect and Restore Environment CSA E: Operational Eco-Efficiency EU Tax 2: Climate Change Adaptation FTSE Russell E: Climate Change GRI 302: Energy IFC PS 3: Resource Efficiency and Pollution Prevention IIRF: Natural Capital MSCI E: Environmental Opportunities MSCI E: Natural Capital SASB: Business Model and Innovation SDG 07: Affordable and Clean Energy STALYTCS: Opportunities in Renewable Energy UNGC Principle 09 Environment WEF Planet: Climate Change |
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The Company tries to adopt renewable energy and energy efficiency measures in its operations wherever possible, plant trees and take other initiatives to protect and save the environment | |
| Environment | Clean Technology Initiatives |
Climate, Initiatives | BRSR Principle 6: Protect and Restore Environment CSA E: Operational Eco-Efficiency EU Tax 4: Transition to a Circular Economy FTSE Russell E: Climate Change GRI 302: Energy IFC PS 1: Environmental and Social Risks and Impacts IIRF: Natural Capital MSCI E: Environmental Opportunities SASB: Business Model and Innovation SDG 12: Responsible Consumption and Production UNGC Principle 09 Environment WEF Prosperity: Innovation of Products and Services |
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Major efforts made towards Technology adoption & Benefits: For the production of Caustic Soda in electrolysis process, the Company uses electrolyzer elements (anodes and cathodes) made by ThyssenKrupp, Germany. In an effort to modernize the electrolysis operation, the Company has already replaced old Generation-3 electrolyser elements with latest new generation (Generation-6) elements, thereby decreasing the power consumption and increase in production, In Unit 1of the plant the company is operating 200 elements 100 each of old Generation-2 & Generation-3 and is in the process of conversion of these old Generation elements into latest technology Generation 6 elements | |
| Environment | Air Pollution Reduction Initiatives |
Air Pollution, Initiatives | CSA E: Environmental Policy and Management System EU Tax 5: Pollution Prevention and Control FTSE Russell E: Pollution and Resources GRI 305: Emissions IFC PS 1: Environmental and Social Risks and Impacts IIRF: Natural Capital MSCI E: Climate Change MSCI E: Pollution and Waste SASB: Business Model and Innovation SDG 13: Climate Action STALYTCS: Toxic Emissions and Waste UNGC Principle 08 Environment WEF Planet: Air Pollution |
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Chlorine gas and HCl fumes are the main sources of air pollution generated in the plant from various process streams, tanks, vessels, process equipments, pipe lines during manufacturing, storing or handling of chlorine etc. All the fugitive emissions of chlorine gas are sucked through a blower and are passed through waste air dechlorination unit where waste chlorine gas is neutralized with caustic soda solution. Similarly HCl fumes generated from the storage tank and during HCI preparation are taken to the above unit where it is neutralized with the alkali. Chlorine gas produced in the electrolyzer is taken for cooling, drying, compression and liquefaction for making liquid chlorine. The unliquidified chlorine gas is known as sniff gas which is taken to HCl plant for burning with hydrogen to make HCl and the sniff gas which can not be burned in HCl plant is taken to waste air dechlorination units. If the hydrogen content in the chlorine is higher then the sniff gas will have higher percentage of hydrogen gas | |
| Environment | Amount of Water Usage |
Metrics, Water | BRSR Principle 6: Protect and Restore Environment CDP: Water CSA E: Operational Eco-Efficiency EU Tax 3: Sustainable Use and Protection of Water and Marine Resources FTSE Russell E: Pollution and Resources FTSE Russell E: Water Security GRI 303: Water and Effluence IIRF: Natural Capital MSCI E: Natural Capital MSCI E: Pollution and Waste SASB: Environment SDG 06: Clean Water and Sanitation STALYTCS: Water Stress TCFD: Metrics and Targets WEF Planet: Water Pollution |
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A : 585472 | Water Utilization FY 2022: 585472 m3 |
| Environment | Waste Water Safe Discharge |
Initiatives, Waste Management, Water | BRSR Principle 6: Protect and Restore Environment CDP: Water CSA E: Operational Eco-Efficiency EU Tax 3: Sustainable Use and Protection of Water and Marine Resources FTSE Russell E: Pollution and Resources FTSE Russell E: Water Security GRI 303: Water and Effluence IFC PS 3: Resource Efficiency and Pollution Prevention IIRF: Natural Capital MSCI E: Natural Capital MSCI E: Pollution and Waste SASB: Environment SDG 06: Clean Water and Sanitation STALYTCS: Toxic Emissions and Waste STALYTCS: Water Stress TCFD: Metrics and Targets WEF Planet: Freshwater Availability WEF Planet: Water Pollution |
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The Company has achieved and maintained Zero Liquid Discharge (ZLD) as per requirement of Punjab Pollution Control Board. An online Monitoring System has been installed in line with directions of CPCB to ensure the emissions within permissible limits | |
| Environment | Amount of Waste Generated |
Metrics, Waste Management | BRSR Principle 6: Protect and Restore Environment CDP: Climate CSA E: Operational Eco-Efficiency EU Tax 4: Transition to a Circular Economy FTSE Russell E: Pollution and Resources GRI 306: Effluents and Waste IIRF: Natural Capital MSCI E: Natural Capital MSCI E: Pollution and Waste SASB: Environment SDG 12: Responsible Consumption and Production STALYTCS: Toxic Emissions and Waste TCFD: Metrics and Targets WEF Planet: Solid Waste |
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A : 3485.405 | The total non-hazardous waste generated from PCL for the assessment year 2021-2022 was 3485.405 MT (wet basis) and 2313.557 MT (dry basis). Used transformer oil and used lubricating oil are the hazardous wastes generated from the process. These wastes are disposed by sale to authorized preprocessors under intimation to PPCB |
| Environment | Waste Generation History |
Metrics, Waste Management | BRSR Principle 6: Protect and Restore Environment CSA E: Operational Eco-Efficiency EU Tax 4: Transition to a Circular Economy FTSE Russell E: Pollution and Resources GRI 306: Effluents and Waste IIRF: Manufactured Capital MSCI E: Natural Capital MSCI E: Pollution and Waste SASB: Environment SDG 12: Responsible Consumption and Production STALYTCS: Toxic Emissions and Waste TCFD: Metrics and Targets WEF Planet: Solid Waste |
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A : 3 | Information is available for 2019 and 2020, 2022 |
| Environment | Reusing Waste |
Initiatives, Waste Management | BRSR Principle 2: Sustainable and Safe BRSR Principle 6: Protect and Restore Environment CSA E: Operational Eco-Efficiency EU Tax 4: Transition to a Circular Economy FTSE Russell E: Pollution and Resources GRI 306: Effluents and Waste IFC PS 3: Resource Efficiency and Pollution Prevention IIRF: Manufactured Capital MSCI E: Natural Capital MSCI E: Pollution and Waste SASB: Business Model and Innovation SDG 12: Responsible Consumption and Production STALYTCS: Toxic Emissions and Waste WEF Planet: Solid Waste |
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The industry has installed OCEMS at the pipeline through which treated wastewater is reused back into the processes. The waste HCl generated during regenerating of ION Exchange Column going to the ETP, which is neutralized with caustic soda solution for pH adjustment. Now the above waste acid is being collected in storage tank and reused in the ETP for pH adjustment. This has been adopted in both units. The brine drained during sample collection at various points was earlier passing to the ETP increasing the chloride and TDS content. The same has now been recirculated and reused in the system | |
| Environment | Recycling Waste |
Initiatives, Waste Management | BRSR Principle 2: Sustainable and Safe BRSR Principle 6: Protect and Restore Environment CSA E: Operational Eco-Efficiency EU Tax 4: Transition to a Circular Economy FTSE Russell E: Pollution and Resources GRI 306: Effluents and Waste IIRF: Manufactured Capital MSCI E: Natural Capital MSCI E: Pollution and Waste SASB: Business Model and Innovation SDG 12: Responsible Consumption and Production STALYTCS: Toxic Emissions and Waste WEF Planet: Solid Waste |
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The Company recycles 100% effluent water by treatment through RO & MEE system & further takes it into cooling tower & maintains the Zero Liquid discharge philosophy; Used transformer oil is 100% recycled back through sale to the authorised recycler; 78% Suplhuric acid generated from raw material 98% Sulphuric acid and entire such quantity is sold out to authorised consumer | |
| Environment | Fuel Costs |
Metrics, Resource Efficiency | GRI 102: GD Reporting Practice IFC PS 3: Resource Efficiency and Pollution Prevention IIRF: Natural Capital MSCI E: Climate Change SASB: Environment SDG 13: Climate Action UNGC Principle 07 Environment WEF Planet: Climate Change |
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A : 1708134000 B : 1255548000 C : 36.04 | The cost of Power, Fuel & Utilities is Rs. 17081.34 Lacs in the year 2022; The cost of Power, Fuel & Utilities is Rs. 12555.48 Lacs in the year 2021 |
| ESG Videos and News | ||||||
| ESG Videos and News | Governance Related |
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Punjab Alkalies & Chemicals rose 3.91% to Rs 227.50 after the company said its board approved 5-for-1 stock split. The company's board approved sub-division of each equity share of face value of Rs 10 each into five equity shares of face value of Rs 2 each, subject to the approval of shareholders. Punjab Alkalies & Chemicals makes caustic soda lye and by products are hydrochloric acid, liquid chlorine, sodium hypochlorite and hydrogen gas; Punjab Alkalies & Chemicals was locked in an upper circuit of 10% at Rs 124.55 after Plutus Wealth Management acquired 2.5 lakh equity shares of the company via bulk deal on Tuesday, 27 July 2021; Meanwhile, shares of Punjab Alkalies extended their winning run to fourth consecutive trading session. The counter gained 36.2% in four days from its previous closing low of Rs 91.5 hit on 22 July 2021. The stock hit a 52-week high of Rs 124.55 in intraday today. Shares of the chemical maker are up 296% from their 52-week low; At meeting held on 16 March 2021: The Board of Punjab Alkalies & Chemicals at its meeting held on 16 March 2021 has approved to purchase /set up a captive power plant of 35MW capacity by using second hand plant and machinery on EPC basis and appoint Durva Infratech LLP for- supply of 35 MW used Power Plant and Detailed Engineering, entire Civil work | |||
| Governance | ||||||
| Governance | Corporate Governance Policies |
Policies, Stakeholders | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Human Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior STALYTCS: Corporate Governance WEF Governance: Governing Purpose |
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A : 5 | The Company’s core philosophy on the code of Corporate Governance is to ensure fair and transparent business practices with accountability for performance. The compliance of applicable statute is of utmost importance to the Company. The transparent and timely disclosure of financial and management information always remains priority for the Company |
| Governance | Governance Oversight Framework |
Board of Directors | CDP: Climate CSA Econ: Codes of Business Conduct FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Human Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior STALYTCS: Corporate Governance TCFD: Governance WEF Governance: Governing Purpose |
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The Company is in compliance with the provisions of Corporate Governance specified in Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time | |
| Governance | Allocation of Duties and Responsibilities |
Board of Directors | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior STALYTCS: Corporate Governance TCFD: Governance WEF Governance: Governing Purpose |
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The Role and primary functions of the Audit Committee, Stakeholders Relationship Committee, Corporate Social Responsibility (CSR) Committee, and Nomination & Remuneration Committee are disclosed in Annual Report 2022 | |
| Governance | Corporate Culture Management |
Employees | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 405: Diversity and Equal Opportunity IIRF: Human Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior WEF Governance: Governing Purpose |
|
The Company’s core philosophy on the code of Corporate Governance is to ensure fair and transparent business practices with accountability for performance. The compliance of applicable statute is of utmost importance to the Company. The transparent and timely disclosure of financial and management information always remains priority for the Company | |
| Governance | Behaviour and Business Ethics |
Employees | CSA Econ: Codes of Business Conduct FTSE Russell G: Corporate Governance GRI 102: GD Ethics and Integrity IIRF: Human Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior STALYTCS: Corporate Governance WEF Governance: Ethical Behaviour |
|
We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the independence requirements that are relevant to our audit of the Consolidated Ind AS financial statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Consolidated Ind AS financial statement | |
| Governance | ESG Guideline Compliance |
Framework | CSA Econ: Codes of Business Conduct FTSE Russell G: Corporate Governance MSCI G: Corporate Governance STALYTCS: Corporate Governance |
|
During the period under review the Company has complied with the provisions of the act, rules, regulations, guidelines, standards, etc. mentioned: Secretarial Standards issued by The Institute of Company Secretaries of India as notified by the Government of India; The SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015(‘LODR Regulations’) being listed on the BSE Limited | |
| Governance | ESG Listing Disclosure Compliance |
Reporting | CSA Econ: Codes of Business Conduct FTSE Russell G: Corporate Governance MSCI G: Corporate Governance STALYTCS: Corporate Governance |
|
The Equity Shares of the Company are listed on the BSE Limited. The Annual listing fee for the year 2022-23 has been paid to the BSE Limited | |
| Governance | Implementation of Codes of Conduct |
Policies | CSA Econ: Codes of Business Conduct FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Human Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior WEF Governance: Ethical Behaviour |
|
The Managing Director oversees the implementation of Business Responsibility Policy. The Board of Directors of the Company in its meeting held on 13th February, 2018 had approved a Code of Conduct for Directors and Senior Management Personnel of the Company with effect from 13th February, 2018. All the Directors and Senior Management Personnel have affirmed compliance with the Code of Conduct of Directors and Senior Management Personnel during the financial year 2021-22 and the Chief Executive Officer’s Declaration to this effect is disclosed in Annual Report 2022 | |
| Governance | Scope of Policies and Practices |
Policies | CSA Econ: Codes of Business Conduct FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Human Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior WEF Governance: Governing Purpose |
|
Information on the scope of each policy is available in the documents provided for policies on the website | |
| Governance | Dedicated Person for Risk Management |
Board of Directors, Risk Control | CSA Econ: Risk and Crisis Management FTSE Russell G: Risk Management GRI 102: GD Governance IIRF: Human Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Behavior WEF Governance: Governing Purpose |
|
Risk Management Committee: Chairperson: Naveen Chopra, Jatin Dahiya, Teesta Sandhu | |
| Governance | Fraud Risk Control Policies |
Policies, Risk Control | CSA Econ: Risk and Crisis Management FTSE Russell G: Risk Management GRI 102: GD Governance IIRF: Human Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior UNGC Principle 10 Anti Corruption WEF Governance: Risk and Opportunity Oversight |
|
The Company has in place Risk Assessment and Minimisation Procedures to identify, assess and mitigate business risks. Risk Assessment and Minimisation Procedures of the Company are reviewed periodically to ensure that these reflect the current potential risks to its business. The Company has identified (1) Cost of Power – Being Power Intensive Industry and increase in wheeling charges for purchasing power under Open-access (2) Production of Hazardous Chemicals – Caustic Soda and Chlorine, and (3) Locational Disadvantage – Plant at Naya Nangal being quite far off from source of major Raw Material i.e. Industrial Salt, as Major Internal Risks besides (1) Ongoing Expansion in Caustic Soda Capacity - resulting in imbalance in Demand and Supply and (2) import of Caustic at cheaper rates | |
| Governance | Related Party Transactions |
Metrics, Reporting | BRSR Principle 1: Ethical Transparent and Accountable CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Ethics and Integrity IIRF: Social and Relationship Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Risk and Opportunity Oversight |
|
The details of related Parties and description of relationships, having transactions during the year are disclosed in Annual Report 2022 | |
| Governance | Anti Competitive Practices Controls |
Policies, Risk Control | BRSR Principle 7: Responsible and Transparent CSA Econ: Codes of Business Conduct FTSE Russell G: Corporate Governance GRI 206: Anti-competitive Behaviour IIRF: Human Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior WEF Governance: Governing Purpose |
|
There have been no cases relating to unfair trade practices, irresponsible advertising and/or anticompetitive behavior against the Company during the last five years and as at the end of Financial Year | |
| Governance | Whistle Blower Policy |
Board of Directors, Employees, Policies, Risk Control | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Ethics and Integrity IIRF: Human Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior WEF Governance: Ethical Behaviour |
|
The Board of Directors of the Company has in place the Policy on Vigil Mechanism and Whistle Blower | |
| Governance | Political Contributions |
Metrics, Risk Control | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 415: Public Policy IIRF: Social and Relationship Capital MSCI G: Corporate Governance SASB: Social Capital SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Ethical Behaviour |
|
No Political contributions during FY2022 | |
| Governance | Revenue from Government Contracts |
Customers, Metrics | FTSE Russell G: Corporate Governance GRI 102: GD Reporting Practice IIRF: Financial Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions WEF Governance: Ethical Behaviour |
|
Exemption from Electricity Duty for a period of 10 years and reimbursement of net GST to the extent of 25% for a period 10 years with a cap of Rs.120 crores, by the Government of Punjab under the Industrial and Business Development Policy, would be adding to the profitability of the Company | |
| Governance | Penalty Disclosures |
Metrics, Reporting | BRSR Principle 1: Ethical Transparent and Accountable CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 307: Environmental Compliance IIRF: Human Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Governance WEF Governance: Ethical Behaviour |
|
There has been no non-compliance by the Company or penalties or strictures imposed on the Company by any of the Stock Exchanges or SEBI or any other statutory authority, on any matter related to capital markets, during the last three years | |
| Governance | Environmental, Social or Ethical Violations |
Incidents, Metrics |
|
No Environmental, Social or Ethical Violations against the company during the year | ||
| Governance | Environmental, Social or Ethical Litigation Claims |
Incidents | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 307: Environmental Compliance IIRF: Human Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Behavior STALYTCS: Corporate Governance WEF Governance: Risk and Opportunity Oversight |
|
No environmental, social or ethical litigation claims against the company | |
| Governance | Non Compliant Staff Actions |
Employees | CSA Econ: Codes of Business Conduct FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Human Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Behavior WEF Governance: Quality of Governing Body |
|
No complaints relating to child labour, forced labour, involuntary labour, sexual harassment in the last financial year and pending, as on the end of the financial year | |
| Governance | Strikes and Lockouts |
Employees, Incidents | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Reporting Practice IIRF: Human Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior WEF Governance: Stakeholder Engagement |
|
No strikes and lockout held during the year | |
| Governance | Economic Value Generated And Distributed |
Metrics, Reporting | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 201: Economic Performance IIRF: Financial Capital MSCI G: Corporate Behavior SDG 08: Decent Work and Economic Growth STALYTCS: Corporate Governance TCFD: Governance |
|
A : 702314000 | Cash Generated From Operations for FY2022: Rs. 7023.14 Lakhs |
| Governance | Tax Transparency Disclosures |
Metrics, Reporting | CSA Econ: Tax Strategy FTSE Russell G: Tax Transparency GRI 207: Tax IIRF: Financial Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Prosperity: Community and Social Vitality |
|
A : 48785000 B : 85258000 C : -42.7 | Total Tax expense for FY2022: Rs. 487.85 lakhs |
| Governance | Material Controversies Identified |
Incidents | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Governance WEF Governance: Stakeholder Engagement |
|
There has been no non-compliance by the Company or penalties or strictures imposed on the Company by any of the Stock Exchanges or SEBI or any other statutory authority, on any matter related to capital markets, during the last three years | |
| Governance | Concerns Identified in Audit Report |
Reporting, Risk Control | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Human Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Governance WEF Governance: Ethical Behaviour |
|
The Report given by the Auditors on the financial statements of the Company is part of the Annual Report. There has been no qualification, reservation, adverse remark or disclaimer given by the Auditors in their Report | |
| Governance | Auditor and Fee Disclosure |
Metrics, Risk Control | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Financial Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Governance WEF Governance: Ethical Behaviour |
|
A : 150000 B : 120000 C : -20 | M/s.Hari S. & Associates, Chartered Accountants (Regn. No.007709N), Statutory Auditors of the company, have been appointed by the shareholders in the Annual General Meeting held on 27th September, 2017 for a period of five years i.e. from the conclusion of 42nd Annual General Meeting until the conclusion of the 47th Annual General Meeting to be held in the year 2022, Audit fees for FY2022: Rs. 1.50 Lakhs |
| Governance | CEO / Chairperson Separation |
Board of Directors, Chairman, Chief Executive Officer | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
Chairman: Shri. Sukhbir Singh Dahiya; Managing Director: Shri. Naveen Chopra | |
| Governance | Regular Self-Assessment of Board Performance |
Board of Directors | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
The Board has carried out an Annual Performance Evaluation of its own performance, its Committees and all the Directors individually; The performance of the Independent Directors was evaluated by the entire Board except the person being evaluated, The evaluation of Non-Independent Directors, Chairman and the Board as a whole was done at a separate meeting by the Independent Directors | |
| Governance | CEO and Board Compensation |
Board of Directors, Chief Executive Officer, Compensation and Benefits | BRSR Principle 5: Human Rights CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body WEF People: Dignity and Quality |
|
The details of Remuneration of KMP are disclosed in Annual Report 2022 | |
| Governance | Board Composition |
Board of Directors | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
The Board of Directors comprises of 8 Directors, of which Chairperson is a Non-Executive Director. The Company has a Managing Director and an Executive Director and 6 Non-Executive Directors of whom four are Independent Directors | |
| Governance | Board Overview |
Board of Directors | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Human Capital MSCI G: Corporate Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
The overview of Board of Directors is available on Company's website | |
| Governance | Disclosure of Board Age Ranges |
Board of Directors | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 10: Reduced Inequality STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
The details of Date of Birth of each Board of Directors is disclosed in Corporate Governance Report | ||
| Governance | Board Skill Map Matrix |
Board of Directors, Board Skills | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance TCFD: Governance WEF Governance: Quality of Governing Body |
|
The detail of Core Skills/ Expertise/ Competencies of Board of directors are disclosed in Annual Report 2022 | |
| Governance | Non Executive Board of Directors |
Board of Directors, Metrics | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
A : 6 B : 8 C : 75 | 6 out of 8 Board of Directors are Non Executive directors |
| Governance | Independent Board of Directors |
Board of Directors, Metrics | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions WEF Governance: Quality of Governing Body |
|
A : 4 B : 8 C : 50 | 4 out of 8 Board of Directors are Independent Directors |
| Governance | Board Independence Statement |
Board of Directors | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
All the Independent Directors have met requirements specified under Section149 (6)of the Companies Act, 2013 regarding holding the position of ‘Independent Director’ and necessary Declaration from each Independent Director under Section 149(7) of the Act has been received | |
| Governance | Entrenched Board of Directors |
Board of Directors, Metrics | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
No Board member is serving for more than 10 Years | ||
| Governance | Founders Represented on Board |
Board of Directors, Metrics | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
1 out of 8 Board of Directors is a founder of the Company | |
| Governance | Audit Committee Composition |
Board of Directors, Metrics | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Ethical Behaviour |
|
A : 3 B : 4 C : 75 | 3 out of 4 members of Audit Committee are Non Executive members; The Audit Committee reviewed the quarterly, half yearly and year to date un-audited and annual audited financial of the Company before submission to the Board of Directors for its consideration and approval. The Committee also reviewed the internal audit report, The terms of reference and role of the Audit Committee as revised and stipulated by the Board of Directors from time to time are in conformity with and in line with the statutory and regulatory requirements as prescribed under Section 177 of the Companies Act, 2013 and Rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015 |
| Governance | Remuneration Committee Composition |
Board of Directors, Metrics | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
A : 4 B : 4 C : 100 | 4 out of 4 members of Nomination and Remuneration committee are Non Executive members; The Company is having a Nomination and Remuneration Committee of the Board of Directors of the Company to approve the remuneration of the Managing Director, Whole-time Director, Key Managerial Personnel and Senior Management of the Company. The remuneration of the Managing Director(s) and Executive Director (s) is also approved by the Board of Directors subject to the requisite approvals under the provisions of the Companies Act, 2013 |
| Governance | Nomination Committee Composition |
Board of Directors, Metrics | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
A : 4 B : 4 C : 100 | 4 out of 4 members of Nomination and Remuneration committee are Non Executive members; The Company is having a Nomination and Remuneration Committee of the Board of Directors of the Company to approve the remuneration of the Managing Director, Whole-time Director, Key Managerial Personnel and Senior Management of the Company |
| Governance | Risk Committee Composition |
Board of Directors, Committees, Metrics, Risk Control |
|
A : 1 B : 3 C : 33.3 | 1 out of 3 members of Risk Management Committee is Non Executive members | |
| Governance | Board Member Alternative Commitments |
Board of Directors | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
The number of Directorships held by them in other Companies and memberships of the Committees of the Board of the Companies in which they are Directors are given in the Annual Report 2022 | |
| Governance | CSR Committee Composition |
Board of Directors, Committees, Metrics |
|
A : 4 B : 4 C : 100 | 4 out of 4 members of Corporate Social Responsibility Committee are Non Executive members; The Company has constituted Corporate Social Responsibility Committee in line with the provisions of Section 135 of the Companies Act, 2013 to (a) Formulate and recommend to the Board, a CSR Policy indicating the activities to be undertaken by the Company as specified in Schedule VII of the Act, (b) Recommend the amount of expenditure to be incurred in the activities mentioned in the CSR policy and (c) Monitor the CSR Policy | |
| Governance | Financial Expertise on Audit Committee |
Board of Directors | CSA Econ: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
Shri Tilak Raj Bajalia of the Audit Committee has 39 years of experience in Banking, also expertise in business segments such as SME Banking, Corporate Banking, Restructuring of Stressed Assets, Human Resources, Legal and Administration | |
| Governance | Government Controlling Stake |
Shareholders | FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Stakeholder Engagement |
|
The Company had no Government Controlling Stake for the financial year 2022 | |
| Governance | Shareholder over 20% Ownership |
Shareholders | BRSR Principle 4: Responsive to Stakeholders CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Social and Relationship Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Risk and Opportunity Oversight |
|
Promoters have held 75982830 shares that making 31.35% of Shareholding | |
| Governance | Executive Shareholder Ownership |
Board of Directors, Executive Management, Shareholders | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Ethical Behaviour |
|
The details of the number of Equity Shares held by Directors of the Company as on 31st March, 2022 disclosed in Annual Report 2022 | |
| Governance | Material Executive Share Trading |
Risk Control, Shareholders | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Ethics and Integrity IIRF: Intellectual Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Ethical Behaviour |
|
This Code of Conduct was revised pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. SEBI vide notification dated 31st December, 2018 has again amended SEBI (Prohibition of Insider Trading), Regulations, 2015 effective from 01.04.2019. This Code of Conduct has been framed incorporating the amendments. This Code of Conduct may be modified by the Board of Directors of the Company from time to time | |
| Governance | Executive Pay Disclosures |
Board of Directors, Compensation and Benefits, Executive Management | BRSR Principle 5: Human Rights CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF People: Dignity and Quality |
|
The detail of Remuneration of KMP are disclosed in Annual Report 2022 | |
| Governance | Governmental Institutions with More than 5% of Voting Rights |
Shareholders | FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Stakeholder Engagement |
|
There are no government institutions found with more than 5% voting rights | |
| Governance | Shareholding Details |
Shareholders | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Stakeholder Engagemen |
|
Categories of Shareholding as on 31st March, 2022 is disclosed in Annual Report 2022 | |
| Governance | Voting Rights |
Shareholders | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Stakeholder Engagemen |
|
The details of Voting rights is available in shareholding pattern | |
| Governance | Voting Results Transparency |
Shareholders | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Stakeholder Engagement |
|
Details of 47th AGM Result is available | |
| Governance | Disclosure of Board and Subcommittee Attendance |
Board of Directors | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
The details of Board of Directors attendance at the Board Meetings during the financial year and at the last Annual General Meeting are disclosed in Annual Report 2022 | |
| Governance | Failure to Secure Voting Approval |
Board of Directors, Shareholders | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Social and Relationship Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 17: Partnerships to achieve the Goal STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
All the resolutions were passed with requisite majority | |
| Governance | Shareholder Rights and Relations Policy |
Policies, Shareholders | BRSR Principle 4: Responsive to Stakeholders CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Social and Relationship Capital MSCI G: Corporate Governance SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
Stakeholders Relationship Committee cum Share Transfer Committee: The Board of Directors through Resolution passed by Circulation on 9th November, 2020, had combined (a) Share Transfer Committee and (b) Stakeholders Relationship Committee and constituted a Stakeholders Relationship cum Share Transfer Committee of the Board of Directors of the Company with the terms of reference as provided in Section 178 of the Companies Act, 2013 read with Rule 6 of Companies (Meetings of Board and its Powers) Rules, 2014 and Regulation 20 and Part D of the Schedule II of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as (including any statutory or other modification(s) or re-enactment thereof, for the time being in force) and to approve the transfer and transmission of shares, sub-division and consolidation of Share certificates, issue of duplicate share certificates and dematerialisation and re-materialisation of shares, etc | |
| Governance | Shareholder Right to Vote on Compensation |
Board of Directors, Shareholders | CSA Econ: Corporate Governance FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Social and Relationship Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Governance WEF Governance: Quality of Governing Body |
|
The remuneration of the Managing Director(s) and Executive Director (s) is also approved by the Board of Directors subject to the requisite approvals under the provisions of the Companies Act, 2013 | |
| Governance | Sensitivity Analysis and Stress Testing |
Risk Control | FTSE Russell G: Corporate Governance GRI 102: GD Governance IIRF: Intellectual Capital MSCI G: Corporate Behavior SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Corporate Behavior WEF Governance: Risk and Opportunity Oversight |
|
The Company has used the principles of prudence in applying judgements, estimates and assumptions including sensitivity analysis and based on the current estimates, the Company has accrued its liabilities and also expects to fully recover the carrying amount of inventories, trade receivables, intangible assets and investments. The eventual outcome of impact of the global health pandemic may be different from that estimated as on the date of approval of these financial statements | |
| ISO and Certifications | ||||||
| ISO and Certifications | ISO 9001 – Quality Management System |
External Validation |
|
The company is accredited with an ISO 9001:2008 certification | ||
| ISO and Certifications | ISO 14000 – Environmental Management System |
External Validation |
|
The company is accredited with an ISO 14001:2004 certification | ||
| ISO and Certifications | FSSC 22000 – Food Safety |
External Validation |
|
The company is accredited with an ISO 22000:2018 certification | ||
| ISO and Certifications | ISO 50001 – Energy Management |
External Validation |
|
The company is accredited with an ISO 50001:2018 certification | ||
| Management Approach | ||||||
| Management Approach | Message from Chair |
Board of Directors, Chairman | STALYTCS: Corporate Governance |
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Chairman: S.S. Dahiya: The management of PCL is confident of continuing the profitable growth journey, driven by a supportive demand environment. The various strategic initiatives undertaken and planned by PCL will help us to grow in the coming years and create value for all stakeholders, Looking ahead, with the unstinted support of all our stakeholders, we are confident of building a better and sustainable future for PCL | |
| Management Approach | Company Overview, Vision and Mission |
STALYTCS: Corporate Governance |
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Overview: The Company was incorporated as a Public Limited Company on 1st December 1975 under the name Punjab Alkalies Limited; The name of the Company was subsequently changed to Punjab Alkalies & Chemicals Limited and a Fresh Certificate of Incorporation consequent on change of name dated 19th April 1983 was obtained from the Registrar of Companies, Punjab, HP & Chandigarh, Jalandhar; Vision: To evolve PCL as a best company among all chloro alkali industries in India and to address the needs of our stakeholders. To be identified as most inspiring, innovative, dynamic and incredible company in India; Mission: To produce best quality product in order to meet the demands of our customers. To strive for continuous improvement in our quality, energy performance, be Eco-friendly and ensuring PCL’s growth and profitability through innovation | ||
| Partnerships | ||||||
| Partnerships | Collaboration with NGOs & Publications |
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The Company has adopted a collaborative approach to CSR directly and through outside NGOs to assess the best utilization of the available funds. | |||
| Profile Sources | ||||||
| Profile Sources | Website – Governance |
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Corporate Governance Section is available on Company's website | |||
| Profile Sources | Website – Sustainability |
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In alignment with vision of the Company, PCL, through its CSR initiatives, shall continue to enhance value creation in the society and in the community in which it operates, through its services, conduct & initiatives, so as to promote sustained growth for the society and community, in fulfillment of its role as a Socially Responsible Corporate Citizen with environmental concern; The Company has achieved and maintained Zero Liquid Discharge (ZLD) as per requirement of Punjab Pollution Control Board. An online Monitoring System has been installed in line with directions of CPCB to ensure the emissions within permissible limits | |||
| Profile Sources | Website – Press Releases |
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Press Relases section is available on Company's website | |||
| Profile Sources | Annual Report |
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Annual Report for the year 2022 is available | |||
| Profile Sources | Interim Results Presentation |
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Q4 Financial Result for the Year 2022 is available on Company's Website | |||
| Profile Sources | Sustainability Policy |
Policies |
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Corporate Environment Policy: PCL recognizes that effective environment management is fundamental to our business. We shall strive to integrate sound business practices across PCL's management and governance systems to minimize environmental impacts and attain a leadership position in environmental stewardship | ||
| Profile Sources | Corporate Governance Report |
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Corporate Governance Report for the Year 2022 is available | |||
| Profile Sources | Corporate Social Responsibility Policy |
Policies |
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Corporate Social Responsibility Policy: Pursuant to Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, the Board of Directors on the recommendation of the CSR Committee laid down a CSR Policy. The Policy lays down the manner in which CSR Activities covered under Schedule VII of the Companies Act, 2013 will be taken up and implemented by the Company. A copy of the Policy is available on Company’s website | ||
| Profile Sources | Independent Director Program |
Board of Directors | Familiarization Programme for Independent Directors: The Company shall familiarize the Independent Directors of the Company for their roles, rights and responsibilities. The Independent Directors will also be familiarized with the Company’s operations, products being manufactured or deals in and the nature of Industry in which it operates through various presentations and programmes | |||
| Profile Sources | Board Skills Matrix |
Board of Directors |
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The detail of Board Core Skills/ Expertise/ Competencies are disclosed in Annual Report 2022 | ||
| Profile Sources | Board Membership and Remuneration Framework |
Board of Directors | Nomination and Remuneration Policy: The Company is having a Nomination and Remuneration Committee of the Board of Directors of the Company to approve the remuneration of the Managing Director(s), Whole-time Director(s), Key Managerial Personnel and Senior Management of the Company | |||
| Profile Sources | Composition of Committees |
Committees |
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Composition of Committees is available on Company's website | ||
| Profile Sources | Appointment of Independent Directors |
Board of Directors |
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The terms and Conditions of the appointment, which shall, in any event be subject to the provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') and the Articles of Association of the Company, are set out in the document of Terms and Conditions of appointment of Independent Directors | ||
| Profile Sources | Related Party Transactions Policy |
Policies | Related Party Transaction Policy: This “PCL Related Party Transactions Policy” has been made keeping in view the provisions regarding Related Party Transactions as envisaged in the Companies Act, 2013 and pursuant to the provisions of the revised Clause 49 of the Listing Agreement with the Bombay Stock Exchange Limited. This “PCL Related Party Transactions Policy” may be modified by the Board of Directors of the Company from time to time | |||
| Profile Sources | Determination of Materiality Policy |
Policies |
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Policy n Determining Materiality: Regulation 30(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "the Regulations") requires every listed entity to frame a policy for determination of materiality of events or information that requires appropriate disclosure to the stock exchange(s). Accordingly, the Policy for determination of Materiality of events or information for Punjab Alkalies & Chemicals Limited (hereinafter referred to as "the Company") is here by framed, setting forth the elementary aspects regarding disclosure practice to be followed by the Company | ||
| Profile Sources | Unpublished Price Sensitive Information Policy |
Policies |
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This Code of Conduct was revised pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. SEBI vide notification dated 31st December, 2018 has again amended SEBI (Prohibition of Insider Trading), Regulations, 2015 effective from 01.04.2019. This Code of Conduct has been framed incorporating the amendments. This Code of Conduct may be modified by the Board of Directors of the Company from time to time | ||
| Profile Sources | Dividend Distribution Policy |
Policies | The objective and scope of the policy is To maintain fairness, transparency, consistency and sustainability in distributing profits to the members of the Company. To ensure enhancement in wealth of members. To regulate the process of dividend declaration and its pay-out by the Company in accordance with the provisions of the Companies Act, 2013 and Rules framed there under. The intent of the Policy is to broadly set out the circumstances and different factors i.e. internal and external including financial parameters for consideration by the Board while declaring dividend or of retention of profits and the circumstances under which the shareholder of the company may not expect any dividend, in the interest of providing transparency to the shareholders. The Policy is not an alternative to the decision of the Board for recommending dividend, which is made every year after taking into consideration all the relevant circumstances enumerated hereunder or other relevant factors by the Board | |||
| Profile Sources | Key Managerial Personnel |
Executive |
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Key Managerial Personnel is available in Annual Report 2022 | ||
| Profile Sources | Archival Policy |
Policies |
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Policy on Preservation of Documents: The Companies Act, 2013 with the applicable Rules framed there under deals with the provisions for maintenance of various documents including registers and records by the Companies and also provides for the place for keeping and period for preserving such documents. Regulation 9 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 states that every listed entity is required to formulate a policy for preservation of documents, which shall be approved by the Board of Directors of the Company | ||
| Profile Sources | Business Responsibility Policy |
Policies | In line with the nine principles of the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of business issued by the Ministry of Corporate Affairs and requirement under Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Primo Chemical Limited (PCL) has formed the Business Responsibility Policies for its successful and sustainable business. Nine key principles of the Business Responsibility envisaged in National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of business issued by the Ministry of Corporate Affairs and requirements of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been adopted by PCL | |||
| Profile Sources | Environmental Policy |
Policies |
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Environment Policy: PCL recognizes that effective environment management is fundamental to our business. We shall strive to integrate sound business practices across PCL's management and governance systems to minimize environmental impacts and attain a leadership position in environmental stewardship | ||
| Profile Sources | Health and Safety Policy |
Policies |
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The Management of Punjab Alkalies & Chemicals Ltd. is firmly committed to: Achievement of corporate goal and objective of optimum productivity i.e. Quality production, by adopting “Safety First” with latest and safest technology, at optimum cost; Ensuring safety and health of Employees/Contractors and Transporters through continuous improvement in providing best work environment; Ensuring realistic effort for safe operation/maintenance with the help of modern tools/safety devices/PPE’s, adopting latest standing operating procedures and safe practices/work permit system, to prevent personal injuries, fires, emissions, explosions; Compliance to all statutory provisions under requisite acts/rules thus protecting environment and prevent safety and health hazards; Adequate training & active participation of all Employees/ Contractors/ Transporters/ Customers by upgrading skills & with sense of commitment/accountability/responsibility for achieving optimum performance of plant & manpower in safe/effective/healthy manner | ||
| Profile Sources | Risk Management Policy |
Policies |
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The Company has in place Risk Assessment and Minimisation Procedures to identify, assess and mitigate business risks. These are reviewed periodically to reflect the current potential risks to its business. The Company has identified (1) the risks relating to Cost of Power – being Power Intensive Industry without any power plant and being dependent for the same on Punjab State Power Corporation Limited, (2) Production of Hazardous Chemicals – Caustic Soda and Chlorine, (3) Loss of production due to breakdown of Plant & Machinery- and (4) Locational Disadvantage – Plant at Naya Nangal being quite far off from source of major Raw Material i.e. industrial salt, as major internal risks. Besides (1) Ongoing Expansion in caustic soda capacity and (2) advancement in technology have been identified as major external risks | ||
| Profile Sources | Code of Ethics |
Policies |
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We have conducted our audit of the Ind AS financial statements in accordance with the Standards on Auditing specified under section 143(10) of the Act (SAs). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Ind AS Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the independence requirements that are relevant to our audit of the Ind AS financial statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Ind AS financial statements | ||
| Profile Sources | Code of Conduct for Non-Executive Directors |
Non-Executive Director | Code of Conduct for Directors and Senior Management Personnel: This Code of Conduct shall be known as Punjab Alkalies & Chemicals Limited Code of Conduct for Directors (including Independent Directors) and Senior Management Personnel amended in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) and Companies Act, 2013 | |||
| Profile Sources | Climate and Energy Consumption Policy |
Policies |
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Energy Management Policy: We at PCL are committed to continually improve our energy performance in all our manufacturing processes and related activities. To meet the above goal, we shall strive to:- Produce quality product that meets customer requirement with optimum energy consumption. Continually explore the best energy efficient systems in place in other Chlor - Alkali industry and implement the same in our industry. Upgrading the existing design of process for production of quality product at optimum efficiency. Compliance to all statutory rule and regulations to fulfil the requisite requirement of central/state agencies. Provide the latest information and necessary resources to concerned departments for upgrading the existing energy equipment/systems with energy efficient system | ||
| Profile Sources | Quality Assurance Policy |
Policies |
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Quality Policy: We at PCL are committed to establish leadership in domestic market in our product lines by; Enhancing customer satisfaction through On Time Delivery of Quality Products and Reliable Services; Growth and diversification by Continuous Improvement in products, processes and new value added products; Ensuring products compliance to applicable requirements; Involvement of dealers, suppliers and other relevant stakeholders in the evolution of business excellence | ||
| Resilience | ||||||
| Resilience | COVID-19: Consistency with ESG Policies |
Policies | GRI 102: GD Reporting Practice SASB: Business Model and Innovation SDG 03: Good Health and Wellbeing WEF People: Dignity and Quality |
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FY 2020-21 has been a challenging year which tested the Company’s intrinsic strength in the face of the global Covid-19 pandemic. After initial operational hiccups, the Company was able to adapt to the changed circumstances and operations normalised relatively quickly. The Company responded swiftly to support its key asset, its people, by deploying a slew of initiatives related to employee well-being. These included remote working, medical support for the affected, rigorous safety protocols and amending Human Resource (HR) processes. The Company fulfilled all its contractual obligations and agreements and continues to do so and does not foresee any material impact due to non-fulfillment of obligation by any party in existing contracts or agreements | |
| Resilience | COVID-19: Responsible Labour Practices |
Employees, Health and Safety | FTSE Russell S: Labour Standards GRI 102: GD Reporting Practice MSCI S: Human Capital SASB: Business Model and Innovation SDG 03: Good Health and Wellbeing STALYTCS: Human Capital Development WEF People: Dignity and Quality |
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The Company responded swiftly to support its key asset, its people, by deploying a slew of initiatives related to employee well-being. These included remote working, medical support for the affected, rigorous safety protocols and amending Human Resource (HR) processes | |
| Resilience | COVID-19: Adapting to Technology Needs |
Initiatives | FTSE Russell G: Risk Management GRI 203: Indirect Economic Impacts MSCI E: Environmental Opportunities SASB: Business Model and Innovation SDG 03: Good Health and Wellbeing STALYTCS: Human Capital Development WEF People: Dignity and Quality |
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Due to the pandemic, the employees were allowed to work from home remotely; The 46th Annual General Meeting will be held on 30th September, 2021 through Video Conferencing (VC) or other Audio Visual Means (OAVM) | |
| Social | ||||||
| Social | Social Strategy in Place |
Strategy | CSA S: Social Reporting FTSE Russell S: Human Rights and Community GRI 419: Socioeconomic Compliance IFC PS 1: Environmental and Social Risks and Impacts IIRF: Human Capital SASB: Business Model and Innovation SDG 11: Sustainable Cities and Communities WEF: Employment and Wealth Generation |
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We are committed to development of Human Resources through continuous training programs, skill up-gradation and empowerment. The Company cares for its human resources and as a result more than 300 employees have completed 15 years & above service in the Company; The Company responded swiftly to support its key asset, its people, by deploying a slew of initiatives related to employee well-being. These included remote working, medical support for the affected, rigorous safety protocols and amending Human Resource (HR) processes. The company fulfilled all its contractual obligations and agreements and continues to do so and does not foresee any material impact due to non-fulfillment of obligation by any party in existing contracts or agreements; In alignment with the vision of the Company, PCL, through its CSR initiatives, shall continue to enhance value creation in the society and in the community in which it operates, through its services, conduct & initiatives, so as to promote sustained growth for the society and community, in fulfillment of its role as a Socially Responsible Corporate Citizen with environmental concern; The Management of Punjab Alkalies & Chemicals Ltd. is firmly committed to: Achievement of corporate goal and objective of optimum productivity i.e. Quality production, by adopting “Safety First” with latest and safest technology, at optimum cost; Ensuring safety and health of Employees/Contractors and Transporters through continuous improvement in providing best work environment; Ensuring realistic effort for safe operation/maintenance with the help of modern tools/safety devices/PPE’s, adopting latest standing operating procedures and safe practices/work permit system, to prevent personal injuries, fires, emissions, explosions; Compliance to all statutory provisions under requisite acts/rules thus protecting environment and prevent safety and health hazards | |
| Social | Supplier Responsibility Initiatives |
Engagement, Initiatives, Supply Chain | BRSR Principle 1: Ethical Transparent and Accountable FTSE Russell S: Supply Chain GRI 308: Supplier Environmental Assessment IFC PS 1: Environmental and Social Risks and Impacts IIRF: Human Capital SASB: Social Capital SDG 11: Sustainable Cities and Communities WEF Governance: Stakeholder Engagement |
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PCL recognizes that effective environment management is fundamental to our business. We shall strive to integrate sound business practices across PCL's management and governance systems to minimize environmental impacts and attain a leadership position in environmental stewardship. PCL is committed to sustainable development and to achieve that we shall: Influence our contractors and suppliers to adopt the PCL's environmental policy and practices and encourage appropriate environmental management across the supply and value chain | |
| Social | Product/Service Safety and Quality Metrics |
Health and Safety, Process Systems, Risk Control | BRSR Principle 9: Provide Value to Consumers FTSE Russell S: Customer Responsibility GRI 417: Marketing and Labelling IFC PS 4: Community Health Safety and Security IIRF: Human Capital SASB: Social Capital SDG 12: Responsible Consumption and Production WEF Governance: Stakeholder Engagement |
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We at PCL are committed to establish leadership in domestic market in our product lines by: Enhancing customer satisfaction through On Time Delivery of Quality Products and Reliable Services; Growth and diversification by Continuous Improvement in products, processes and new valueadded products; Managing cost structure through efficient and ecofriendly technologies; Enhancing organisation effectiveness by development of human resource through continual trainings, knowledge management and employee empowerment; Ensuring products compliance to applicable requirements; Involvement of dealers, suppliers and other relevant stakeholders in the evolution of business excellence; Act responsibly as good corporate citizen through safest practices and integrity; Company is certified under ISO 9001:2015, ISO 14001: 2015 | |
| Social | Diversity and Inclusion |
Diversity and Equality, Employees, Metrics | CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 413: Local Communities IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 10: Reduced Inequality STALYTCS: Human Capital Development UNGC Principle 06 Labour WEF People: Dignity and Quality |
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A : 5.6 | 5.6% of women employees winth the workforce |
| Social | Board of Directors Gender Composition |
Board of Directors, Diversity and Equality, Metrics | CSA Econ: Corporate Governance CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 405: Diversity and Equal Opportunity IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 10: Reduced Inequality STALYTCS: Corporate Behavior STALYTCS: Human Capital Development UNGC Principle 06 Labour WEF Governance: Quality of Governing Body |
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A : 1 B : 8 C : 12.5 | 1 out of 8 members of board is female |
| Social | Senior Management Gender Composition |
Diversity and Equality, Metrics | CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 405: Diversity and Equal Opportunity IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 05: Gender Equality STALYTCS: Human Capital Development UNGC Principle 06 Labour WEF: Employment and Wealth Generation |
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A : 1 B : 4 C : 25 | 1 out of 4 members of Senior Management is female |
| Social | Workforce Gender Composition |
Diversity and Equality, Employees, Metrics | CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 405: Diversity and Equal Opportunity IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 05: Gender Equality STALYTCS: Human Capital Development UNGC Principle 06 Labour WEF People: Skills for the Future |
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A : 20 B : 357 C : 5.6 | 5.6% of the workforce are women; Number of permanent women employees as on 31st March 2022: 20 |
| Social | Independent Health and Safety Verification |
External Validation, Health and Safety | BRSR Principle 3: Promote Well-being FTSE Russell S: Health and Safety GRI 403: Occupational Health and Safety IFC PS 2: Labour and Working Conditions IIRF: Human Capital SASB: Human Capital SDG 03: Good Health and Wellbeing STALYTCS: Health and Safety WEF People: Health and Well Being |
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A Safety Audit of the Plant was conducted during the financial year 2021-22 from the National Safety Council and its recommendations are being implemented | |
| Social | Staff Turnover Rate |
Employees, Metrics | BRSR Principle 3: Promote Well-being CSA S: Talent Attraction and Retentions FTSE Russell S: Labour Standards GRI 412: Human Rights Assessment IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 08: Decent Work and Economic Growth STALYTCS: Human Capital Development WEF: Employment and Wealth Generation |
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A : 2 | Attrition Rate: 1% to 2% |
| Social | Contractors Part of Workforce |
Diversity and Equality, Employees, Metrics | CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 402: Labour and Management Relations IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 08: Decent Work and Economic Growth STALYTCS: Human Capital Development WEF People: Dignity and Quality |
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A : 215 B : 357 C : 60.22 | As on 31st March, 2022, 26 number of employees are on temporary/ contractual basis and 215 number of employees on casual basis |
| Social | Part Time Workers |
Diversity and Equality, Employees, Metrics | CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 402: Labour and Management Relations IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 08: Decent Work and Economic Growth STALYTCS: Human Capital Development WEF: Employment and Wealth Generation |
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No part time workers during the year | |
| Social | Differently Abled Workforce |
Diversity and Equality, Employees, Metrics | BRSR Principle 3: Promote Well-being CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 405: Diversity and Equal Opportunity IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 08: Decent Work and Economic Growth STALYTCS: Human Capital Development UNGC Principle 06 Labour WEF People: Dignity and Quality |
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No permanent employees with disabilities | |
| Social | Number of Trained Staff |
Employees, Metrics, Training | BRSR Principle 1: Ethical Transparent and Accountable BRSR Principle 3: Promote Well-being CSA S: Human Capital Development FTSE Russell S: Labour Standards GRI 404: Training and Education IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 04: Quality Education STALYTCS: Human Capital Development WEF People: Skills for the Future |
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75% of employees were given safety & skill up-gradation training in the last year | |
| Social | Lost Time Injuries and Lost Time Frequency Rate |
Employees, Health and Safety, Metrics | BRSR Principle 3: Promote Well-being CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 403: Occupational Health and Safety IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 08: Decent Work and Economic Growth STALYTCS: Human Capital Development WEF People: Health and Well Being |
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A : 0 | No man-days lost in the last more than 10 years due to any labour problem or industrial unrest |
| Social | Health and Safety Initiatives |
Employees, Health and Safety, Initiatives, Training | FTSE Russell S: Health and Safety GRI 403: Occupational Health and Safety IFC PS 1: Environmental and Social Risks and Impacts IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 03: Good Health and Wellbeing STALYTCS: Health and Safety WEF People: Health and Well Being |
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Financial Year 2021-22 has been a challenging year which tested the Company’s intrinsic strength in the face of the global Covid-19 pandemic. After initial operational hiccups, the Company was able to adapt to the changed circumstances and operations normalised relatively quickly. The Company responded swiftly to support its key asset, its people, by deploying a slew of initiatives related to employee well-being. These included remote working, medical support for the affected, rigorous safety protocols and amending Human Resource (HR) processes; The Management of Punjab Alkalies & Chemicals Ltd. is firmly committed to: Achievement of corporate goal and objective of optimum productivity i.e. Quality production, by adopting “Safety First” with latest and safest technology, at optimum cost; Ensuring safety and health of Employees/Contractors and Transporters through continuous improvement in providing best work environment; Ensuring realistic effort for safe operation/maintenance with the help of modern tools/safety devices/PPE’s, adopting latest standing operating procedures and safe practices/work permit system, to prevent personal injuries, fires, emissions, explosions | |
| Social | Health and Safety Policies |
Employees, Health and Safety, Policies | FTSE Russell S: Health and Safety MSCI S: Human Capital STALYTCS: Health and Safety |
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The Management of Punjab Alkalies & Chemicals Ltd. is firmly committed to: Achievement of corporate goal and objective of optimum productivity i.e. Quality production, by adopting “Safety First” with latest and safest technology, at optimum cost; Ensuring safety and health of Employees/Contractors and Transporters through continuous improvement in providing best work environment; Ensuring realistic effort for safe operation/maintenance with the help of modern tools/safety devices/PPE’s, adopting latest standing operating procedures and safe practices/work permit system, to prevent personal injuries, fires, emissions, explosions; Compliance to all statutory provisions under requisite acts/rules thus protecting environment and prevent safety and health hazards | |
| Social | Labour Management Initiatives |
Employees, Initiatives | CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 402: Labour and Management Relations IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 08: Decent Work and Economic Growth STALYTCS: Human Capital Development WEF People: Dignity and Quality |
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We are committed to development of Human Resources through continuous training programs, skill up-gradation and empowerment; The Company cares for its human resources and as a result more than 300 employees have completed 15 years & above service in the Company; The Industrial Relations at PCL have been peaceful; No man-days lost in the last more than 10 years due to any labour problem or industrial unrest; After initial operational hiccups, the Company was able to adapt to the changed circumstances and operations normalised relatively quickly. The Company responded swiftly to support its key asset, its people, by deploying a slew of initiatives related to employee well-being. These included remote working, medical support for the affected, rigorous safety protocols and amending Human Resource (HR) processes | |
| Social | Flexible Working Arrangements for Employees |
Employees | CSA S: Talent Attraction and Retentions FTSE Russell S: Labour Standards GRI 403: Occupational Health and Safety IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 03: Good Health and Wellbeing STALYTCS: Human Capital Development WEF People: Health and Well Being |
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The Company responded swiftly to support its key asset, its people, by deploying a slew of initiatives related to employee well-being. These included remote working, medical support for the affected, rigorous safety protocols and amending Human Resource (HR) processes | |
| Social | Fair Wage, Benefits and Contracts |
Compensation and Benefits, Employees | BRSR Principle 3: Promote Well-being BRSR Principle 5: Human Rights CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 401: Employment IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 08: Decent Work and Economic Growth STALYTCS: Human Capital Development UNGC Principle 02 Human Rights WEF People: Dignity and Quality |
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Employee Benefits: Defined Contribution Plan The Company’s Contribution paid/payable during the year towards Provident Fund Scheme and Superannuation Scheme are recognised as expense in the Statement of Profit & Loss; Defined Benefit Plan The Company’s liabilities towards leave encashment and gratuity are determined by an independent actuary and LIC’s actuarial valuation respectively, using the Projected Unit Credit Method. Obligation is measured at the present value of estimated future cash flows using a discounted rate that is determined by reference to the market yields at the Balance Sheet date on Government Bonds where the currency and terms of the Government Bonds is consistent with the currency and estimated terms of the defined benefit obligations. Actuarial valuation has been done in accordance with Ind-AS 19. Actuarial gains and losses due to re-measurement in the present value of defined benefit obligations resulting from experience are recognized in other comprehensive income; Gratuity liability has been covered by master policies of Life Insurance Corporation of India under irrevocable trust; The major provisions and requirements have also been complied with as prescribed under all applicable Labour laws viz. The Factories Act, 1948, The Payment of Wages Act, 1936, The Minimum Wages Act, 1948, The Payment of Bonus Act, 1965, Industrial Dispute Act, 1947, Employee State Insurance Act, 1948, The Employee’s Provident Fund and Miscellaneous Provisions Act, 1952, The Payment of Gratuity Act, 1972, The Industrial Employment (Standing Order) Act, 1946, Equal Remuneration Act, 1976 etc | |
| Social | Compulsory Employer Pensions |
Compensation and Benefits, Employees, Metrics | BRSR Principle 3: Promote Well-being CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 401: Employment IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Social Capital SDG 08: Decent Work and Economic Growth STALYTCS: Human Capital Development WEF: Employment and Wealth Generation |
|
A : 23341000 B : 27505000 C : 15.13 | Employee Benefits: Defined Contribution Plan- The Company’s Contribution paid/payable during the year towards Provident Fund Scheme and Superannuation Scheme are recognised as expense in the Statement of Profit & Loss. Defined Benefit Plan- The Company’s liabilities towards leave encashment and gratuity are determined by an independent actuary and LIC’s actuarial valuation respectively, using the Projected Unit Credit Method; Contribution to Provident, Superannuation & Gratuity funds: Rs. 233.41 Lacs |
| Social | Average Hiring Cost |
Employees, Metrics | FTSE Russell S: Labour Standards GRI 102: GD Reporting Practice IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Human Capital Development WEF People: Skills for the Future |
|
A : 174423000 B : 21520000 | Staff Welfare, Recruitment & Training Expenses for FY2022: Rs. 1744.23 Lakhs |
| Social | Voluntary Employer Pensions |
Compensation and Benefits, Employees, Metrics | BRSR Principle 3: Promote Well-being CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 401: Employment IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 08: Decent Work and Economic Growth STALYTCS: Human Capital Development WEF: Employment and Wealth Generation |
|
The Company’s Contribution paid/payable during the year towards Provident Fund Scheme and Superannuation Scheme are recognised as expense in the Statement of Profit & Loss; Contribution to Provident, Superannuation & Gratuity fund Rs. 233.41 Lacs | |
| Social | Fair Working and Living Conditions |
Employees, Health and Safety | BRSR Principle 3: Promote Well-being CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 412: Human Rights Assessment IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 08: Decent Work and Economic Growth STALYTCS: Health and Safety STALYTCS: Human Capital Development UNGC Principle 02 Human Rights WEF People: Dignity and Quality |
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The Company considers its human resources to be the key thrust area. The Company has always stood by its commitment of harnessing and developing its human resources. The training and development of human resources is an ongoing process. The HR department endeavors to create a work environment that ensures employees continued wellbeing and each individual personal potential is fully aligned with Company’s growth strategy | |
| Social | Employee Well Being Programs |
Employees, Health and Safety | CSA S: Talent Attraction and Retentions FTSE Russell S: Labour Standards GRI 401: Employment IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 03: Good Health and Wellbeing STALYTCS: Health and Safety STALYTCS: Human Capital Development WEF People: Health and Well Being |
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The Company responded swiftly to support its key asset, its people, by deploying a slew of initiatives related to employee well-being. These included remote working, medical support for the affected, rigorous safety protocols and amending Human Resource (HR) processes. The Company fulfilled all its contractual obligations and agreements and continues to do so and does not foresee any material impact due to non-fulfillment of obligation by any party in existing contracts or agreements. The Company has been able to market the additional quantity of its products resulted from creation of additional production capacity | |
| Social | Workforce Training |
Employees, Training | BRSR Principle 1: Ethical Transparent and Accountable BRSR Principle 3: Promote Well-being CSA S: Human Capital Development CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 404: Training and Education IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Human Capital SDG 04: Quality Education STALYTCS: Human Capital Development WEF People: Skills for the Future |
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The Company considers its human resources to be the key thrust area. The Company has always stood by its commitment of harnessing and developing its human resources. The training and development of human resources is an ongoing process. The HR department endeavors to create a work environment that ensures employees continued wellbeing and each individual personal potential is fully aligned with Company’s growth strategy.The industrial relations remained cordial during the financial year under review. The Company had 357 employees (including 41 employees on deputation) as on 31st March, 2022 | |
| Social | Amount Spent on Training and Development |
Employees, Metrics, Training | CSA S: Human Capital Development FTSE Russell S: Labour Standards GRI 404: Training and Education IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions STALYTCS: Human Capital Development WEF People: Skills for the Future |
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A : 174423000 B : 226452000 C : 29.8 | Staff Welfare, Recruitment & Training Expenses for FY2022: Rs. 1744.23 Lakhs |
| Social | Respecting Employee Rights |
Employees, Human Rights | BRSR Principle 5: Human Rights CSA S: Human Rights FTSE Russell S: Human Rights and Community GRI 412: Human Rights Assessment IFC PS 2: Labour and Working Conditions IIRF: Human Capital MSCI S: Human Capital SASB: Social Capital SDG 10: Reduced Inequality STALYTCS: Human Capital Development UNGC Principle 01 Human Rights WEF People: Dignity and Quality |
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The Company has not framed any specific human rights policy. Though other policies like Whistle Blower and Sexual Harassment Policy deals with the issue of protecting the rights of all the employees on the company working in any business division of the company. The Company is motivated to safeguard the human rights of all stakeholders internal / external in true spirit | |
| Social | Preventing Child Labour |
Employees, Human Rights | BRSR Principle 5: Human Rights CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 408: Child Labour IFC PS 2: Labour and Working Conditions IIRF: Intellectual Capital MSCI S: Human Capital SASB: Social Capital SDG 10: Reduced Inequality STALYTCS: Human Capital Development UNGC Principle 05 Labour WEF People: Dignity and Quality |
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No complaints relating to child labour, forced labour, involuntary labour, sexual harassment in the last financial year and pending, as on the end of the financial year | |
| Social | Preventing Forced and Bonded Labour |
Employees, Human Rights | BRSR Principle 5: Human Rights CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 409: Forced or Compulsory Labour IFC PS 2: Labour and Working Conditions IIRF: Intellectual Capital MSCI S: Human Capital SASB: Social Capital SDG 10: Reduced Inequality STALYTCS: Human Capital Development UNGC Principle 04 Labour WEF People: Dignity and Quality |
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No complaints relating to child labour, forced labour, involuntary labour, sexual harassment in the last financial year and pending, as on the end of the financial year | |
| Social | Collective Bargaining Allowed |
Employees, Human Rights | CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 407: Freedom of Association and Collective Bargaining IIRF: Intellectual Capital MSCI S: Human Capital SASB: Human Capital SDG 10: Reduced Inequality STALYTCS: Human Capital Development UNGC Principle 03 Labour WEF People: Dignity and Quality |
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There are two registered trade unions: (a) PCL Karamchari Sangh affiliated to BMS and (b) The Employees union affiliated to INTUC; As on 31st March, 2022. there are 108 workmen in regular pay-scale who are members of these Unions | |
| Social | Freedom of Association Allowed |
Employees, Human Rights | BRSR Principle 3: Promote Well-being CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 407: Freedom of Association and Collective Bargaining IFC PS 2: Labour and Working Conditions IIRF: Intellectual Capital MSCI S: Human Capital SASB: Human Capital SDG 10: Reduced Inequality STALYTCS: Human Capital Development UNGC Principle 03 Labour WEF People: Dignity and Quality |
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There are two registered trade unions: (a) PCL Karamchari Sangh affiliated to BMS and (b) The Employees union affiliated to INTUC; As on 31st March, 2022. there are 108 workmen in regular pay-scale who are members of these Unions | |
| Social | Anti Discrimination Workplace |
Diversity and Equality, Employees, Human Rights | BRSR Principle 3: Promote Well-being BRSR Principle 5: Human Rights CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 406: Non-discrimination IFC PS 2: Labour and Working Conditions IIRF: Intellectual Capital MSCI S: Human Capital SASB: Human Capital SDG 10: Reduced Inequality STALYTCS: Human Capital Development UNGC Principle 06 Labour WEF People: Dignity and Quality |
The Directors and Senior Management Personnel will not discriminate on the grounds of a person's race, religion, gender, martial status or disability | ||
| Social | Anti Harassment Workplace |
Employees, Human Rights | BRSR Principle 5: Human Rights CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 412: Human Rights Assessment IFC PS 2: Labour and Working Conditions IIRF: Intellectual Capital MSCI S: Human Capital SASB: Human Capital SDG 10: Reduced Inequality STALYTCS: Human Capital Development UNGC Principle 06 Labour WEF People: Dignity and Quality |
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The Company has zero tolerance for Sexual Harassment at Workplace and has in place a “Policy on Sexual Harassment at Workplace” pursuant to Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules made thereunder. The Policy aims to provide protection to employees at the Workplace and prevent and redress complaints of sexual harassment. The Policy has been framed with the objective of providing a safe working environment, where employees feel secure. Internal Complaints Committee has been setup to redress complaints regarding sexual harassment. During the year under review, the Company has not received any complaint under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 | |
| Social | Supporting Protected Classes |
Diversity and Equality | CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 411: Rights of Indigenous Peoples IFC PS 2: Labour and Working Conditions IIRF: Intellectual Capital MSCI S: Human Capital SASB: Social Capital SDG 10: Reduced Inequality STALYTCS: Human Capital Development UNGC Principle 03 Labour WEF People: Dignity and Quality |
The Directors and Senior ManagementPersonnel will not discriminate on the grounds of a person's race, religion, gender, martial status or disability | ||
| Social | Community Support Initiatives |
Community, Initiatives | BRSR Principle 8: Inclusive and Equitable Development CSA S: Corporate Citizenship and Philanthropy FTSE Russell S: Human Rights and Community GRI 413: Local Communities IFC PS 7: Indigenous Peoples IIRF: Social and Relationship Capital MSCI S: Social Opportunities SASB: Social Capital SDG 08: Decent Work and Economic Growth STALYTCS: Community Relations WEF: Employment and Wealth Generation |
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The Company undertakes Community Development Projects under the CSR Policy, The Company ensures that the initiatives undertaken under the aegis of CSR are thoughtfully selected, well-executed and accepted and valued by the intended beneficiaries; Name of the projects: Plantation near Local area for Environmental Sustainability, Making Available Safe Drinking Water Near Local Area, Promoting Educational/Vocational Skills, Ensuring Animal Welfare, Promotion of Health care including Preventive Health care | |
| Social | People Analytics for Strategic Workforce Planning |
Employees | CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 102: GD Reporting Practice IIRF: Human Capital SASB: Leadership and Governance SDG 16: Peace Justice and Strong Institutions WEF People: Skills for the Future |
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The Company responded swiftly to support its key asset, its people, by deploying a slew of initiatives related to employee well-being. These included remote working, medical support for the affected, rigorous safety protocols and amending Human Resource (HR) processes. The Company fulfilled all its contractual obligations and agreements and continues to do so and does not foresee any material impact due to non-fulfillment of obligation by any party in existing contracts or agreements. The Company has been able to market the additional quantity of its products resulted from creation of additional production capacity | |
| Social | Local Employment and Sourcing |
Community, Supply Chain | BRSR Principle 8: Inclusive and Equitable Development CSA S: Labor Practice Indicators FTSE Russell S: Labour Standards GRI 204: Procurement Practices IFC PS 7: Indigenous Peoples IIRF: Social and Relationship Capital MSCI E: Natural Capital SASB: Social Capital SDG 08: Decent Work and Economic Growth STALYTCS: Human Capital Development WEF: Employment and Wealth Generation |
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Transportation from Local Transporters in bulk, Motor & ceiling fan winding from local vendors, Rubber lining repair jobs & supply of gasket sheets & other items, Supply of Oxygen & DA gas cylinders from local vendors in emergency, supply of N2 cylinders in emergency, supply of other hardware items from local vendors, machining & fabrication of gears, shafts & other ump spares & repairs from local vendors. IT & Computer hardware jobs, installation of cameras | |
| Social | Community Investment Policy |
Community | BRSR Principle 2: Sustainable and Safe BRSR Principle 8: Inclusive and Equitable Development CSA Econ: Corporate Governance FTSE Russell S: Human Rights and Community GRI 413: Local Communities IIRF: Social and Relationship Capital SASB: Social Capital SDG 08: Decent Work and Economic Growth STALYTCS: Community Relations WEF: Employment and Wealth Generation |
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A : 4255000 B : 5795000 C : 36.1 | During the year under review, the Company had to spend Rs.57.94 lacs based on the average net profit of the last three years on CSR Activities. Accordingly, the amount was spent on various CSR Activities as per the Policy |
| Social | Wider Stakeholder Initiatives |
Engagement | BRSR Principle 3: Promote Well-being BRSR Principle 9: Provide Value to Consumers CSA S: Corporate Citizenship and Philanthropy FTSE Russell S: Labour Standards GRI 413: Local Communities IFC PS 4: Community Health Safety and Security IIRF: Social and Relationship Capital SASB: Social Capital SDG 08: Decent Work and Economic Growth STALYTCS: Community Relations STALYTCS: Human Capital Development WEF Governance: Stakeholder Engagement |
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In alignment with vision of the Company, PCL, through its CSR initiatives, shall continue to enhance value creation in the society and in the community in which it operates, through its services, conduct & initiatives, so as to promote sustained growth for the society and community, in fulfillment of its role as a Socially Responsible Corporate Citizen with environmental concern | |
| Social | Total Donations Made and Philanthropy |
Community, Metrics | CSA S: Corporate Citizenship and Philanthropy FTSE Russell S: Human Rights and Community GRI 102: GD Stakeholder Engagement IIRF: Social and Relationship Capital SASB: Social Capital SDG 08: Decent Work and Economic Growth STALYTCS: Community Relations WEF: Employment and Wealth Generation |
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A : 4255000 B : 5795000 C : 36.1 | CSR amount spent for the Financial Year 2022: Rs. 57.95 Lacs |
Profile Disclaimer:
This ESG Profile has been prepared using information provided by the Company. The mapping reports do not represent a precise framework report but supporting observations. No investment, divestment or other financial decisions should be based solely on the information provided in this ESG Profile.