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Integrated report Statutory reportS Financial StatementS

Regulatory and Compliance risks
Frequent amendments Mitigation
to the statutory rules and Monitoring of compliances through an e-enabled compliance management
regulations which could framework used in with periodic reporting and reviews at leadership forums
impact the Company’s Centralised capture of compliance requirements
operation
Linkage to Capital
Social and
relationship capital

Government policy change Mitigation
which could impact the Ongoing dialogue, liaison meetings and conversations with regulatory authorities
Company’s operation and Indian public affairs, attendance at seminars, memberships with Government
and Industry Bodies
Linkage to Capital In relation to current Covid-19 situation, active monitoring and adhering to various
Social and regulatory authorities guidelines is ensured
relationship capital

Reputational risks
Failure to ensure Mitigation
containment of safety Safety risk mitigation plans are regularly Support to customers by conducting
hazards reviewed by the Risk Management safety audits in their premises (chlorine
Employee Safety (Behaviour issues), Committee handling)
Workplace Safety (Fire Safety, Asset Achieve Zero Harm by following Provision of safety kits and awareness
Integrity), Process Safety & Product world class standards of SHE sessions for farmers through the “You
Safety hazard chemicals –Transportation Management systems, responsible are Safe” initiative focussed on the safe
care initiatives, good maintenance use of the products
practices, enhancement strategies for In relation to Covid-19 situation, various
the environment and prevention of actions including the following are
pollution undertaken to ensure safe operations :
Various safety improvement initiatives o Relevant SOPs with do’s and don’ts
are implemented and its effectiveness ensuring safety of employees and
is evaluated continuity of operations have been
Hazards identified using techniques prepared, dedicated 24/7 helpline
such as Stop & Think Assessment numbers to address medical
(STOP), Job Safety Analysis (JSA), related queries
Hazard and Operability Study (HAZOP), o Plants working with minimal
Hazard Identification and Risk Analysis workforce
(HIRA), What-if-Analysis, Failure Mode o Close monitoring on Government
Effect Analysis, etc. and addressed regulations and ensuring its
by following hierarchy of risk control adherence
E-enabled portal ‘WSO’ is implemented o All non-sites offices are closed
across the operations to capture near- Employees are working from home
misses and unsafe conditions
GPS system installed in bromine
tanker and migrated to ISO tankers
for transporting Bromine; leading to
Linkage to Capital product safety in transportation of
Human capital hazardous chemicals

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