Page 156 - Tata_Chemicals_yearly-reports-2021-22

Integrated Annual Report 2021-22

LEADERSHIP INDICATORS
1. Awareness programmes conducted for value chain partners on any of the Principles during FY 2021-22
Total number of awareness Topics / Principles covered Value chain partners covered (by value of
programmes held under the training business done with such partners)
1 Principle 6 20 Dealers & Distributors
2. Does the entity have processes in place to avoid / manage conflict of interests involving members of the Board? (Yes/No)
If yes, provide details of the same.
Yes, every Director of the Company discloses his/her concern or interest in the Company or companies or bodies corporate, firms or
other association of individuals and any change therein, annually or upon any change, which includes the shareholding.
Further, a declaration is also taken annually from the Directors under the Code of Conduct confirming that they will always act in
the interest of the Company and ensure that any other business or personal association which they may have, does not involve any
conflict of interest with the operations of the Company and the role therein. The Senior Management also affirms annually that they
have not entered into any material, financial and commercial transactions, which may have a potential conflict with the interest of
the Company at large.
In the Meetings of the Board, the Directors abstain from participating in the items in which they are concerned or interested.
For identifying and tracking conflict of interests involving the Directors / KMPs of the Company, the Corporate Secretarial team
maintains a database of the Directors and the entities in which they are interested. This list is shared with the Finance department
which flags off the parties in their system for monitoring and tracking transaction(s) entered by the Company with such parties.

Principle 2 – Businesses should provide goods and services in a manner that is sustainable and safe
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 2021-22 FY 2020-21 Details of improvements in environmental and social impacts
R&D 100% 100% All R&D Investments are focussed at sustainable technologies and green chemistries
development, green and sustainable technologies and products for rubber industry
to improve fuel efficiency, energy storage devices, human health and well-being and
chemicals from sustainable sources.
Capex* 11% 17% Projects for Pollution Control, Safety for Employee & Community, Climate Change,
Circularity i.e. harnessing solar energy into electricity, capex for energy storage
materials research, human health and well-being and sustainable chemicals.
* total capex in FY 2021-22 is higher
2. (a) Does the entity have procedures in place for sustainable sourcing? (Yes/No)
Yes, the Company has developed a supplier sustainability code and has established process for vendor selection. This includes
various principles and guidelines such as Safety, Health and Environment Policy, Legal Compliance, adherence to TCoC, ISO
Certification, etc. The Company has started carrying out a Sustainability assessment of its key suppliers and communicates
areas of further improvements to reinforce sustainability principles.
(b) If yes, what percentage of inputs were sourced sustainably?
75% of domestic critical supplies by value (30 out of total 42 critical suppliers) have been assessed and audited by a third
party for sustainable sourcing under phase I and rest are in progress in phase II. The Company plans to take up international
suppliers in phase III.
3. 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)
Damaged material comes to the depots and is disposed-off as is where is basis through contracting process
(b) E-waste
This is not applicable as the Company is not reclaiming any electronic items. All e-waste generated in-house is handed over to
certified vendors for safe disposal.

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