Investor Presentaiton
7.
Provide details of any corrective action taken or underway on issues related to fines/penalties/action taken by regulators/ law enforcement agencies/
judicial institutions, on cases of corruption and conflicts of interest.
Not applicable
Principle 2 - Businesses should provide goods and services in a manner that is sustainable and safe.
MRF has adopted sustainability as a key business objective and protecting the environment is key to achieve this. MRF is committed to improve its sustainability
index and is working on a multipronged 4R strategy "reduce, recycle, reuse & renewable" as its axiom. MRF demonstrates business excellence through process
efficiency improvements and raw material circularity.
Essential Indicators
1.
Percentage of R&D and capital expenditure (capex) investments in specific technologies to improve the environmental and social impacts of product
and processes to total R&D and capex investments made by the entity, respectively.
FY 2022-23
(Current financial year)
R&D
17.5%
Capex
2.
(a)
3.
4.
(b)
4.23%
FY 2021-22
(Previous financial year)
17.25%
Details of improvements in environmental and social impacts
4.54%
The expenditure is for R&D related to product improvements in
emission reduction and carbon footprint.
Conservation of water, energy, reduction of emission and
carbon footprint, wastewater recycling and reusing across plants.
Does the entity have procedures in place for sustainable sourcing? (Yes/No) -
Yes. MRF promotes sustainable sourcing and continually works towards increasing the value of purchases made from such suppliers. To support
sustainable sourcing, we encourage our suppliers and vendors to adopt suitable practices in their operations. Majority of our raw materials are
naturally sourced and we further expect our suppliers to adhere to our Supplier Sustainability Policy & Green Procurement Policy.
If yes, what percentage of inputs were sourced sustainably?
79.3% (% by value procured) for the financial year 2022-23. These are emanating out of purchase from A+ and A category suppliers, who are
covered under Supplier Sustainable Policy & Green Procurement Policy and from B category suppliers who have ISO 14001 certification.
Describe the processes in place to safely reclaim your products for reusing, recycling and disposing at the end of life, for (a) Plastics (including
packaging) (b) E-waste (c) Hazardous waste and (d) other waste.
All the plastic waste, E-waste, hazardous waste and other wastes are systematically segregated and disposed in accordance with regulatory requirements.
Whether Extended Producer Responsibility (EPR) is applicable to the entity's activities (Yes/No). If yes, whether the waste collection plan is in line
with the EPR plan submitted to Pollution Control Boards?
Yes. The waste collection and processing plans are in line with the EPR plan submitted to Central Pollution Control Board.
Principle 3: Businesses should respect and promote the well-being of all employees, including those in their value chains
MRF considers well-being of employees and fair workplace practices crucial for the sustainable business growth. MRF has zero tolerance for any kind of
workplace harassment, bullying or intimidation, including sexual, physical, verbal and psychological abuse. MRF is committed to holistic growth of the
employees by imparting suitable training for skill upgradation and to establish a participative culture. Through effective communication, consultation and
engagement with employees, MRF ensures safe and healthy working conditions for the workforce along with fair wages and focuses towards zero occupational
injuries and ill-health.
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