Page 27 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
Integrated Annual Report 2021-22 REPORT REPORTS STATEMENTS
Managing Material
Matters and Aligning
Priorities
Managing Material Matters and

Aligning Priorities

We have a structured and systematic process to identify, analyse and manage Addressing the material issues
material matters. This helps us in better understanding the impact of our business on Highly critical material matters
stakeholders and vice-versa, and thus aligns priorities to drive our value creation. Material matters Areas focussed Mitigating actions

Materiality analysis Low critical Moderate critical Highly critical M1 Circular economy Water, effluents and waste management Emphasis on enhancing recycling of
water and become net water positive
In FY 2020-21, we had conducted a Reduce waste materials and aim to
product level value chain analysis for TCL M1 ensure zero waste to landfill
India and Rallis operations in a phased Transporting Soda Ash in bulker to
manner covering extraction, inbound M3 reduce plastic packaging
logistics, production, outbound logistics Using plastic waste as fuel in cement kiln
and customer. Based on this, criticality M5 Community watershed management
screening was done to identify and M9 M2 M4 and rainwater harvesting
prioritise material issues as well as identify
actionable topics to strengthen the
value chain. External Relevance M11 M12 M2 Biodiversity Biodiversity and ecosystem preservation Biodiversity conservation and
restoration programmes
In FY 2021-22, we have internally revisited M10 M6 Biodiversity baseline assessments
these material topics in line with various M13 M7 Biodiversity policy in place
global frameworks such as TCFD, DJSI,
SASB and GRI, key material global trends M8
of chemical industry and peer industry
benchmarking. Their relative importance M14 M3 Climate change GHG (carbon and air) emissions Net Zero Pathway planned
was accordingly updated in the materiality M15 Capturing carbon emissions to produce
matrix basis these findings along with Sodium Bicarbonate
continuous status analysis. Further, internal Enhancing green chemistry
strategy meets and deep dives were Progressing towards using alternate fuels
undertaken to analyse the material topics Internal Relevance
with our teams. Material issues FY 2021-22 and their criticality
Highly critical
We have also developed a structured M4 Health & safety Safe work environment, emergency Focussed actions on zero harm
roadmap and focus on increased M1 Circular economy M2 Biodiversity M3 Climate change preparedness, digitised reporting Safety assessments and audits
engagement with respective stakeholders Digitalisation and data analytics
to address critical aspects. M4 Health & safety M5 Energy efficiency
Moderate critical
Customer Community Product Human capital
M6 M7 M8 M9
engagement relations & stewardship development
engagement M5 Energy efficiency Process optimisation, cleaner fuel Energy savings through process
M10 Spills M11 Diversity M12 Ethics & M13 Employee transition, energy efficiency efficiency & redesign, conversion and
governance engagement retrofitting of equipment
Low critical Increasing the mix of renewable energy
M14 Logistics M15 Employee benefits
& retention
TCFD - Task Force on Climate-Related Financial Disclosures; DJSI - Dow Jones Sustainability Indices; SASB - Sustainability Accounting Standards Board;
GRI - Global Reporting Initiative

24 25