Himadri Speciality Chemical Ltd.’s Commitment to sustainability motivates to manage operations, conserve resources, and create solutions aligned with the UNGC's sustainability goals. Our comprehensive approach includes in-house R&D, energy reduction, and zero effluent discharge. Our business plan focus on long-term growth, capitalizing on industry expertise and technology capabilities. we are constantly seeking innovative ways to secure a circular economy, preparing the company for future growth and generating value for stakeholders.
Message From CMD & CEO
Guided by our purpose, "Together Towards Tomorrow," we have embedded sustainability into every aspect of our corporate strategy, from research and development to product portfolio management and the core of our organizational culture. Through our commitment to sustainability, we continuously drive innovation in our product offerings, focusing on creating solutions that not only meet market demands but also minimize environmental impact. This approach allows us to deliver high-performance, eco-friendly products that contribute to sustainable value creation for our stakeholders.
With the dedication and ingenuity of our employees, we are showing that competitiveness and sustainability can go hand in hand to form the foundation of a thriving, resilient business model. Together, we are building a future where business success and environmental stewardship are aligned, leading the way toward a positive, sustainable impact for all.
- Anurag Choudhary, CMD & CEO
We Support UNGC & SDGs
Himadri’s commitment to sustainable growth is evident in its alignment with global frameworks like United Nations Global Compact (UNGC) and the Science-Based Targets Initiative (SBTi), through which it expects to emerge as a Net Zero carbon company by 2050. In 2024, the Company became a signatory of the United Nations Global Compact (UNGC)), committing to its 10 principles that prioritize human rights, labour standards, environmental sustainability and anti-corruption. As a responsible entity, the company is focused on key SDGs that drive positive long-term impacts on society, environment and economy.
The UNGC alignment empowers the Company to engage with a global network of businesses, governments, civil society organizations helping us to build a foundation for future-ready practices, prioritizing resilience and value creation. In turn, this creates onward opportunities for collaboration, innovation and joint development.
The UN Sustainable Development Goals (UNSDGs) comprise a comprehensive addressable framework to some of the world’s pressing challenges – climate change, inequality and environmental degradation. The Company is aligned completely with these goals. It has embedded them into its strategy and operations. The Company’s approach to sustainability addresses the following areas:
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The company prioritizes health and well-being by implementing health-focused strategies throughout its operations. This includes ensuring workplace safety with strict health protocols and supporting CSR initiatives that improve healthcare access in underserved areas. Additionally, the company promotes the health of both its workforce and communities through wellness programs and strategic partnerships -
Himadri is committed to advancing Quality Education through CSR initiatives that promote STEM education, with a focus on empowering girls. By providing access to high-quality learning, Himadri is equipping students with future-ready skills while fostering diversity, equity, and inclusion. This initiative strengthens the education system and supports economic growth by preparing a skilled, diverse workforce for future challenges -
The company is dedicated to promoting gender equality by fostering an inclusive work environment with equal opportunities for all genders. It aims to reduce gender disparity by encouraging women’s participation in various roles and leadership positions. Through policies and partnerships with the Global DEI Alliance, the company advocates for equal pay, women’s career development, and an equitable workplace -
Clean water and sanitation: The Company implements efficient water management practices, including water conservation and recycling. The pursuit of water positivity through a zero liquid discharge (ZLD) process helps moderate environment impact and enhancing water resource sustainability. -
Clean and affordable energy: By converting waste gases from its carbon black manufacturing process into energy, the Company contributes to clean energy solutions, reducing a reliance on fossil fuels and lowering
greenhouse gas emissions. -
Decent work and economic growth: The Company is committed to safe and fair working conditions for
employees while driving innovation and sustainable economic growth across its area of operations.
Himadri prioritizes Research and Development (R&D) to drive innovation and progress, focusing on upcycling industrial by-products and incorporating nanotechnology into future products. The company invests in advanced technologies to create sustainable, impactful solutions. By aligning quality research with environmental lifecycle analysis, Himadri contributes to
, fostering innovation, sustainable industrial growth, and resilient infrastructure. -
Reduced inequalities:
The Company promotes inclusive
growth, ensuring equal opportunities
for all, regardless of their respective
backgrounds. Through fair employment
practices, market-standard wages,
diversity initiatives and equal opportunity
policies, the Company seeks to
reduce income and gender disparities.
Community engagement programmes
provide support and resources to
marginalised groups. -
Himadri is committed to strengthening communities through inclusive CSR initiatives, focusing on empowering marginalized groups. Its efforts include providing clean sanitation facilities and building a state-of-the-art hospital, improving quality of life. Additionally, Himadri’s innovative products contribute to a sustainable, low-carbon future, advancing by promoting sustainable cities and communities. -
Responsible consumption and
production: The Company
minimises resource use and
environmental impact. In FY 23-24, it
recycled 98% of its waste. -
Climate action: The
Company is progressing toward its
Net Zero carbon target by 2050, with
goals for emissions reduction and
energy efficiency. Its participation in the
Taskforce on Climate-related Financial
Disclosures (TCFD) and Carbon
Disclosure Project (CDP) highlights
its commitment to manage climate related
risks and explore environmental
stewardship opportunities. -
Peace, justice and strong institutions
: The Company facilitates
transparency, ethical practices and
robust corporate governance. It
upholds legal compliance, promotes
anti-corruption measures and respects
human rights across operations and
supply chain. -
Partnership for goals:
The Company collaborates with
industry partners, stakeholders
and local communities, a multi stakeholder
engagement that enhances
sustainability practices, innovation as
well as environmental cum social impact
goals.
Accolades
GOLD AWARD FOR ENERGY EFFICIENCY/ CONSERVATION at the 16th Exceed Environment Award and Conference 2024
GOLD AWARD for Corporate Social Responsibility at the 16th Exceed CSR Award 2024
PLATINUM AWARD FOR WASTE MANAGEMENT at the 16th Exceed Environment Award and Conference 2024
Best Overall Sustainable Performance at the Eastern India Leadership Awards 2024
Materiality Section
Materiality matrix that analyzes the sustainability strategy and performance, ranking key issues based on their relevance to both internal and external stakeholders. The company revisited material topics in the current reporting year and adopted the Corporate Sustainability Reporting Directive’s (CSRD) double materiality assessment. This approach considers both the impact of the organization on people and the environment (inside-out view) and the risks and opportunities sustainability developments create for the organization (outside-in view). Double materiality ensures transparency, better decision-making, and resource focus on the most relevant topics for the organization, stakeholders, and society at large.
Sustainability Governance is a crucial aspect of an organization's sustainability strategy, ensuring that its operations align with the four key pillars of Planet, People, Value Chain, and Sustainability Governance. The Materiality matrix provides a comprehensive overview of the organization's operations, addressing the concerns of both internal and external stakeholders. By implementing this materiality, the organization can effectively manage its operations and ensure the well-being of its stakeholders.
Net Zero
We made a commitment to become a Net Zero carbon company by 2050, emphasising our strategic direction and transparency. We support Paris Agreement on Climate Change objectives, marked by a commitment to achieve net zero target. Besides, as a global specialty chemicals player, we have pledged our net-zero plan, milestones and direction to the Science Based Target Initiative (SBTI).
To achieve net-zero, we identified three key areas aligned with the global SBTi standard, classifying its journey across short-term, mid-term and long-term targets - a comprehensive and phased sustainability plan.
As a responsible corporate citizen, we recognize that our journey toward achieving net-zero emissions rely heavily on the active involvement and commitment of our value chain partners. In alignment with the net-zero emissions target, the company set measurable goals to reduce carbon footprint and mitigate environment impact. In the pursuit of net-zero emissions Himadri plans to integrate feasible and sustainable next-generation fuels into operations, adopting innovative energy solutions that reflect a commitment to environmental stewardship. We believe that achieving net zero is not the ultimate goal; rather, creating a better planet warrants a carbon-negative economy.
Vision Zero Accident
Himadri's Vision Zero Accident/Incident strategy is a proactive approach centered on four key pillars: Learning, Culture, Commitment, and Communication. This strategy aims to create a safe and healthy work environment, prioritizing the well-being of its employees. By focusing on comprehensive safety measures, proactive risk management, and continuous training, the vision aims to eliminate workplace accidents and incidents, fostering a culture of care, accountability, and excellence in health and safety practices. A commitment to vision zero ultimately strengthens a company’s sustainability framework, as it reflects respect for human life and contributes to a positive, sustainable work environment.
A commitment to vision zero ultimately strengthens a company’s sustainability framework, as it reflects respect for human life and contributes to a positive, sustainable work environment. We foster a safety first mind-set among its workforce, encouraging continuous improvement and accountability to create a work environment where accidents are entirely preventable. This commitment promotes care, accountability and excellence in health and safety practices, ensuring that every individual returns home safely from work.
Harmonize Framework
Our HARMONISE framework supports cutting-edge research, helping develop innovative and energy-efficient solutions that enhance a culture of trust, growth, inclusivity and shared economic opportunities. It aims to deepen ESG agenda through nine actions designed to promote sustainable practices.
We pledged to work closely with stakeholders, align goals, deliver customer and community value and promote a green business. Through the HARMONISE framework, the company remains committed to sustainable growth and innovation that creates positively enduring impacts for all.
The HARMONISE themes, driven by sustainability task forces, are becoming a crucial part of Himadri’s ESG aspirations.
This HARMONISE framework supports cutting-edge research, helping develop innovative and energy-efficient solutions that enhance a culture of trust, growth, inclusivity and shared economic opportunities. This approach ensures business relevance and resilience while reinforcing the core values of responsibility and well-being. We pledged to work closely with stakeholders, align goals, deliver customer and community value and promote a green business. Through the HARMONISE framework, the company remains committed to sustainable growth and innovation that creates positively enduring impacts for all.
Sustainability Objectives
Himadri’s long-term commitment to reduce emissions extends beyond compliance; it strengthens business resilience in an evolving regulatory and environmental landscape. These efforts not only support ESG goals but also strengthen competitiveness and risk management. The approach ensures that the company is positioned to seize green economy opportunities. In doing so, the company reaffirms its dedication to achieve sustainable growth while addressing climate change challenges.