PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

74 PRIVI SPECIALITY CHEMICALS LIMITED (Formerly known as Fairchem Speciality Limited) PRINCIPLE 6: BUSINESSES SHOULDRESPECT, PROTECTANDMAKE EFFORTS TORESTORE THE ENVIRONMENT. 1. Does the policy related to Principle 6 cover only the company or extends to the Group/Joint Ventures/Suppliers/ Contractors/NGOs/others? The company maintains Environmental Management Standards ISO 14001. The company in its IMS policy also mentions how it implements, maintains & continually improves the same. The company has made supplier sustainability guidelines & strives to capture the data from its suppliers. The company also works with some of the Government bodies like MIDC, MPCB for tree plantations & environment protection. However, the Company to a large extent as far as possible, is selective in finalizing the Suppliers, Contractors and Clients who adopt such environment friendly practices. 2. Does the company have strategies/ initiatives to address global environmental issues such as climate change, global warming, etc? Y/N. If yes, please give hyperlink for webpage etc. Yes. the company participates in CDP & discloses its environmental data as well as its plane, efforts so save the environment, climate change & global warming. The company has over last few years focused & developed products which are made from wastes of other processes. The company has also done the Life Cycle Assessment (LCA) study for its key products. The company is also working on recycle of its entire treated effluent thereby saving fresh water. The company has put up own captive power generation plants to use the extra steam. It also uses the waste flash steam to generate Chilled water thereby conserving electrical energy to a large extent. 3. Does the company identify and assess potential environmental risks? Y/N Yes. The Company has identified and assessed the potential environmental risks for all its processes & operations. Based on the significant risks identified, the company takes goals, programs to reduce the risks to minimize the impact on the environment. 4. Does the company have any project related to Clean Development Mechanism? If so, provide details thereof, in about 50 words or so. Also, if Yes, whether any environmental compliance report is filed? The Company is working towards becoming a zero liquid discharge company to be 100% environmentally sustainable. The Company also follows 7 out of the 17 UN sustainability development goals which are no poverty, good health & well being, quality education, clean water & sanitation, Sustainable cities & Communities, Climate Action and life on land. The company has done energy audits of its facilities & the findings are implemented thereby reducing energy consumption & saving carbon foot prints. 5. Has the company undertaken any other initiatives on – clean technology, energy efficiency, renewable energy, etc. Y/N. If yes, please give hyperlink for web page etc. The company is further working to evaluate the feasibility of using solar power for its operations in collaboration with a third party. Also to reduce its carbon foot prints the company is working on optimizing its supply chain to club shipments & move materials in bulk wherever possible. 6. Are the Emissions/Waste generated by the company within the permissible limits given by CPCB/SPCB for the financial year being reported? Yes. The periodic monitoring reports are regularly submitted to MPCB/ GPCB & no non conformances are observed during FY 2020-21. 7. Number of show cause/ legal notices received from CPCB/SPCB which are pending (i.e. not resolved to satisfaction) as on end of Financial Year. Nil PRINCIPLE 7: BUSINESSES, WHEN ENGAGED IN INFLUENCING PUBLIC AND REGULATORY POLICY, SHOULD DO SO IN A RESPONSIBLE MANNER 1. Is your company a member of any trade and chamber or association? If Yes, Name only those major ones that your business deals with: The Company is a member of Chemicals Export Promotion Council (CHEMEXCIL), an export promotion council administered by the Ministry of Commerce and Industry, Indian Merchants Chamber (IMC), Mahad Manufacturers Association (MMA), Thane Belapur Industrial Association, International Fragrance Association (IFRA), Federation of Indian Chambers of Commerce and Industry (FICCI) and Fragrance and Flavour Association of India (FAFAI).