BEST VALUE CHEM PVT LTD Sustainability Report 2020-21

BEST VALUE CHEM PVT LTDSustainability Report 2020-21

101 _ BVCPL SUSTAINABILITY REPORT 2020-21

INDEXContents

3. Key Achievements – FY 20

4. About Us

5. CEO’s Insight

6-8. Our Sustainability Approach, Goals & Targets

9. Business Performance, Awards & Accolades

10-15. Business Ethics and Supplier Engagement

16. Product Safety & Stewardship

16-28. Environmental Performance

29. Sustainable Sourcing

30. Inclusion , Diversity & Our People

31-34. Health , Safety & Employee Development

35-36. Social Initiatives

Responsible

SourcingResponsible

Manufacturing

Sustainable

Product

Valued

Partnership

Social

Responsibility


Responsible Sourcing

Responsible Manufacturing

Sustainable Product

Valued Partnership

Social Responsibility

Key Achievements in FY20

Achieved Lost time injury

Frequency rate(LTIFR)

Zero(0).

Zero Lost Time Severity

Frequency Rate(ZLTSFR).

Installed Dry Vacuum

Pump to reduce 262

KL/Month water

intake

Zero(0) water Load

to 9500 MT of

DCPD ester product

stream

Achieved B rating in

water criteria under

2020 CDP

Assessment

5.81% of the raw materials we

purchased worldwide were from

renewable resources

8.7 % rise in Procurement

of Renewable Raw

material

63 % Reduction in waste generation

in Salicylate product stream by

adopting Green Chemistry Principle.

4.66 % reduction in Scope 2

Emission.

3

This is done by replacing

organo- metallic green catalyst.

Installed Multiple LEL meter to

detect any potential process

emissions.

276Employee

136Hours of Training

61.71 Lakhs of CSR Expenditure.




Sustainable Product

Valued Partnership


INTRODUCTION

About BVCPL

We are pleased to support the Global Reporting Initiative (GRI) as a comprehensive, internationally–recognized framework for

reporting on economic, environmental and social (EES) performance. The BVCPL Sustainability report is intended to

provide our stakeholders with information on our EES management approach, progress against our sustainability goals,

commentary from our Chief Executive Officer on our sustainability performance, and a discussion of our sustainability

strategy.

Best Value Chem Private Limited is one of the leading manufacturers of fragrance

and flavor ingredients in INDIA. Its commitment to customer satisfaction, by

delivering quality products and services has helped it to become one of the leading

manufacturers in INDIA. Responding creatively and competitively with our

products in anticipation of our customers' aspirations is our unique aspect.

BVCPL is a privately held company incorporated in the state of Gujarat, Vadodara

in 1996, Best Value Chem (P) Limited is engaged in manufacturing of Aroma

Chemicals. Increased volumes and widened product range called for bigger and

sophisticated production facility & therefore in 2000, a new plant was

commissioned at Karakhadi – 50 Kms from Vadodara, Gujarat. BVCPL's

increasing business lead to another operational plant at Moxi – 30 Kms from

Vadodara, a higher capacity plant to take care of the international clients. Today

export Market covers around 80% of total BVCPL's sales.

About Report

This Report provides information on our economic, environmental and

social performance for 2020-21. This is our First Sustainability Report

which covers our Sustainability Progress Highlights, CDP climate and water

submissions, and other documents to assist interested stakeholders.

This Sustainability report is produced primarily in accordance with the GRI

Standards framework at the “Core” level.

We have covered GRI Standards which is relevant to the kind of business

we are dealing with and it is reflected in Contents Index at the Initial Pages.

External assurance was not obtained for this report. However, BVCPL does

verified all the Environment , Energy, Health and greenhouse gas emission

information.

In addition, BVCPL has policies and internal practices to enhance and

provide assurance about the accuracy of the report. For instance, internal

and second-party audits are conducted on many of BVCPL key activities

including safety, health, and environmental performance, financial

accounting and compliance with the BVCPL Code of Conduct.


Sustainability is no longer just an environmental obligation for corporations. Today, it is a business imperative and needs to be hard-wired into corporate strategy. Profitability intertwined with sustainability, in the long run, positively benefits the people and the planet by enhancing livelihood opportunities to the communities as well as by safeguarding the environment.

In this Context, I am pleased to share BVCPL’s Sustainability Report, The endeavor is to deploy the best available technologies and benchmark them against global best practices to enhance long-term value creation. Across businesses, BVCPL has taken proactive steps in developing a framework for sustainability, based on the expectations of external and internal stakeholders as well as at some extent, the United Nations Sustainable Development Goals (UN SDGs).

Getting more from less is the driving force behind many of our sustainable innovations. We deploy emergent technologies to minimize our carbon footprint and waste generation, along with installing variable frequency drive to reduce energy consumption, retrofitting, redesigning processes and installing energy-efficient equipment. We continue to improve water-use efficiency in our operations, while affecting cultural change in conserving and reusing water.

People play a crucial role in sustaining our competitive edge and achieving long-term success. We aim to attract and develop a workforce that is as diverse as our customers and communities. What sets us apart, though, is our culture of safety– encapsulated in our common goal of ensuring nobody gets hurt at work. We have collaborated with ERM to strengthen the Safety Management System in our businesses. OHSAS 18001/ISO 45001 is the foundation of our occupational health and safety programmes at our sites and has resulted in continued improvements in our safety performance.

We remain committed as ever to delivering enhanced value for our stakeholders. We encourage you to go through our Sustainability Report and share your valuable feedback. Together, we can take our sustainability journey to new heights.

C E O ’ S I N S I G H T

Setting Sustainability

Benchmarks Higher Every Year

Shaju C.O

Chief Executive Officer,

Best Value Chem Pvt Ltd

We have committed

New Innovations and

Continue to embed

Safety & Sustainability

in our Organisational

Culture.05 _ BVCPL SUSTAINABILITY REPORT 2020-21



Trust lies at the heart of the value we deliver to our

customers and the society. Our responsibility to

maintain the highest levels of operational excellence,

professional integrity and best-in-class quality

strengthens our position as a global market leader,

and also helps us evolve as market conditions

change. ustainable Product


Approach to Sustainability

Building in GreaterAccountabilityBVCPL has a long-standing commitment to safety and sustainability. We are continousely

monitoring our sustainable goals and today we continue to report strong progress on our

footprint reduction targets. In 2020, we broadened our vision of sustainability to include goals

focused on bringing products to market that help our customers and others in our value chains

be more sustainable.

Pillars of Our Sustainability FrameworkThe four pillars of our sustainability framework provide a broad outline of our contributions

towards a sustainable future.

Professional ExcellanceKey Focus Area• Fair business practices

• Responsible sourcing and manufacturing

• Product quality, safety and zero harm

• Green chemistry

• Customer satisfaction Product

Empowering PeopleWe empower our employees to succeed in a safe,

diverse and inclusive workplace that treats everyone

fairly and with respect. We also seek to employ and

develop local talent and offer our employees

flexibility, mobility and opportunity within the BVC.

ustainable Product

Key Focus Area• Learning and development

• Employee health and safety

• Diversity and inclusion

Supporting EnvironmentWe are committed to achieving sustainable growth while

minimizing the impact of our operations on the

environment. We follow a carbon neutrality strategy, seek

to use resources efficiently and work to deliver value for

the society. We also recognise our role in supporting our

customers to improve their environmental performance.

ustainable Product

Key Focus Area• GHG Emissions

• Energy Efficiency

• Water Footprint

• Waste Management




Sustainable Product

Valued Partnership


Supporting UN SDGs

Our Company level targets are aimed at prioritizing our efforts on the most

important areas for delivering long-term value. They are complemented by

business-specific metrics, monitoring and reporting to track results across key

areas such as safety, energy efficiency and resource efficiency.

Sustainability RoadmapBusiness is increasingly seen as having a key role to play in responding to society’s global

challenges. The UN SDGs have become the platform for stakeholders to work together to

develop solutions on a global stage. Like many companies, we are on a journey to embed

the SDGs into our business planning and activities, with a focus on those SDGs that most

closely align to the areas where we have the greatest influence and impact.

Goals & TargetsSustainable development to us means constantly reorienting our activities and reshaping our

product portfolio in such a way that it makes a positive contribution to our society.

7

To maintain Lost time

injury Frequency

rate(LTIFR) Zero(0).

To Make Manufacturing

Operation Zero Liquid

Discharge(ZLD) by 2025

Reduce GHG Emission

by 25 % (Over the base

year of 2020)

Increased used of

Renewable Feedstock

To increase the %

renewable

procurement to 10 %

by 2025

100 % of our Facilities

to participate in

community engagement

100 % of our employees

to receive code of ethics

training




Sustainable Product

Valued Partnership


Supporting Sustainable

Development Goal

The UN Sustainable Development Goals (SDGs) provide a powerful

framework for bringing focus and resources to the greatest challenges

facing the world today on issues such as economic empowerment,

human rights, health, and the natural environment. BVCPL is actively

engaging with many different stakeholders on the SDGs where it can

provide strategic insight and collaboration.

Although we value all SDGs, we focus on those that are most

relevant to our business and fundamentals. As a business-to-business

company, we are part of vast production cycles and strive to help our

customers achieve their goals and satisfy consumers’ demand for

more sustainable products. In principle, we support all 17 SDGs, yet

have still identified the areas especially relevant to us. We can make a

considerable contribution to value in these areas.

The figure at right highlights how the BVCPL Sustainability Goals —

comprised of Innovation, Security, and carbon footprint — align with

and support attainment of the SDGs.

We at BVCPL are making hard efforts to contribute to those 12

Sustainable Goals at our personal as well as professional life which

impact directly / indirectly on the environment, Health and Safety of

the surrounding and communities.




Sustainable Product

Valued Partnership


Awards and Accolades

Economic performance of our Flavour & Fragrance Ingredient

business was strong with a total of ₹ 477 Crores of Sales Turnover

with the record growth of 23.89 % , On other Side Total Sales Volume

achieved in FY 20 was 18,676 MT which led to the 36.24 % growth

in volume compared to previous Year. Additionally, large

procurements made by us for our regular business as well as for

ongoing capex projects has a huge cascading impact – creating jobs

and business opportunities for entire socioeconomic spectrum. In

2020-21 , We have spent around 3.53 Crore to improve Environment,

Health and Safety Performance.

Cherishing RecognitionsBusiness Performance

Highlights 2020-21

In order to establish the efficient and effective system in place, BVCPL has acquired

various certifications over the period of time in last one decades. These Certifications

include Quality Management System, Environmental management System , Occupational

Health and Management System. To have efficient control over the Flavour Grade

products, put in place the system like HACCP. GMP, FSSAI compliance and Kosher

certifications. All the Products BVCPL are dealing with exporting into EU are Registered

under REACH. Best Value Chem Pvt Ltd go to great lengths to protect and maintain our

own intellectual property (IP). In order to do this, in 2019,we have applied for our First

Patent Application under Controller General of Patent—India

9

₹ 477 Cr Sales Turnover – FY 2020-21

₹ 4.07 Cr Total Spending to Improve

EHS Performance

18,676 MTSales Volume

23.89 %Growth in Turnover 09 _ BVCPL SUSTAINABILITY REPORT 2020-21

Based on the principles of credibility, accuracy, transparency

and value addition, we make sure to have transparent

engagement with all our stakeholders, while also placing high

importance on our “Code of conduct” and business integrity.

Our Human Resource team are responsible for regular

reviews to ensure compliance with the Code of conduct and

further focusing on addressing any conflicts of interest. This

code lays down important corporate values that shapes

BVCPL’s value systems and business practices. Besides, we

have also designed a separate code of conduct for our

employees and business employees.

With robust and effective code of conduct in place, it has

become imperative for all of us to monitor its effectiveness

and address all grievances effectively through a “Whistle

blower” Policy. This gives BVCPL a privilege to raise their

concerns about improper or unethical behaviour or violation of

company’s code of conduct being followed in the organisation.

For this purpose, HR Head is acted as a Whistle-blower Officer

who is responsible of receiving and documenting any

complaints under this policy.

BVCPL has prepared , put in place and communicated

“Business Ethics Policy” to all the employees and relevant

stockholders in supply chain.

Business with Ethics & Integrity

Responsible Business with Ethics and integrity are two important values that underpin our business. These are integral to our vision to be among the world’s most trusted and successful companies.




Sustainable Product

Valued Partnership


Stockholder Engagement

Nurturing Relationships Built On TrustA consistently inclusive, collaborative and responsive approach over the years has

resulted in enduring stakeholder relationships that continue to mature. These are

fuelling decision-making that is increasingly more attuned to the priorities of the

various stakeholder communities. Ultimately, this is what drives our success by

creating an atmosphere of trust.

We are committed to constructive

dialogue and engagement with our key

stakeholders. We believe that open,

ongoing and systemic communication is

key to building successful relationships

with our stakeholders. This also helps us

identify their material issues and foresee

emerging risks, opportunities and

challenges. In doing so, we follow

processes that integrate the

sustainability mindset in our efforts to

recognise, prioritise and manage

stakeholder expectations.

Our range of internal and external

stakeholders is diverse. We engage with

them through a variety of mechanisms,

including direct dialogue, surveys,

engagement at professional and industry

forums, and sharing of information

through various means and channels.

The frequency and nature of this

engagement are designed to proactively

enable reliable and transparent flow of

information on key issues.

Stockholder Group

Key Areas of Interest Methods of Engagement

Frequency of Engagement

Outcomes

Customers &

Value Chain

Partner

- Customer relations and contracts

- Quality and delivery

- Health and safety

- Sustainable products

- Product innovations

- Grievance redressal

- Proactive communication

- After-sales support

- Timely project delivery

- Anti-corruption and ethics

Customer satisfaction surveys

- In-person meetings/letters

- Social media

- Company and corporate

websites

- Product information on

packaging

- Customer relationship

development

- Customer conferences

Ongoing Maintaining

continuous strong

relationships with our

customers, ensuring

we listen to their

needs and deliver

sustainable and

innovative products

and solutions

Suppliers - Quality and delivery

- Health and safety

- Contract performance

- Local impacts

- Human rights

- Long-term association

- Creating a win-win situation

Supplier surveys

- Contractual meetings

- Tender quotations

- Information requests

Ongoing Maximizing

opportunities for us

and our suppliers

throughout our value

chain, ensuring

sustainability is

integrated into our

procurements

Employees - Business performance

- Health and safety

- Learning and development

- Employee relationships

- Career growth

- Work-life balance

- Human and labour rights

- Team meetings

- Employee satisfaction survey

- Annual performance reviews

- Forums

- One-to-one meetings

- Portal/intranet

Ongoing Improving

engagement and

communication with

employees.

Government

and

Regulators

- Compliance and taxes

- Timely responses to queries

- Potential local impact

- Health and safety

- Environment and climate

- Corporate governance

- Briefings and direct meetings

- Multi-stakeholder forums

- Industry associations

Continuous Basis Continued

improvement in

our sustainability

performance and

compliance standards

in line with

regulations relevant

to our activities

Local

Communities

- Community issues

- Potential local impact

- Sustainability

- One-to-one meetings

- Site tours

- Participation in local events

- Corporate Social

Responsibility (CSR)

Ongoing Creating strong

partnerships with

local communities,

offering opportunities

to engage with

employees and

supporting our supply

chain11




Sustainable Product

Valued Partnership



Ethics and Human Rights care are centric to our belief system.

We recognize our responsibility in respecting human rights and

treating people with dignity and respect. We protect the rights of

our team members by putting in place policies, procedures and

control mechanisms across our operations, developing efficient

and effective ethics management frameworks. As an

organization, we are strongly against child labour, forced labour

and compulsory labour of any kind; we have developed a

stringent set of policies and frameworks to enable the

identification and elimination of any such possible threats, thus

empowering us to build an ethical business.

BU

SIN

ES

S E

TH

ICS

& H

UM

AN

RIG

HT

S

Human Rights Policy:

We accord ethics and human rights as a high priority. Keeping this in mind, we have put in place

interventions to prevent child labour through thorough screening and scrutiny during hiring processes.

We have trained our security personnel to observe all individuals working within our facilities-both

employees and contract workers, to identify cases of child labour. Any identified cases are

immediately reported. All our employment contracts for workers and employees are based on

voluntary agreements.

Building a resilient business and strengthening ethical business practices, we ensure that our contracts

with business partners, vendors and other stakeholders have human rights clauses. We regularly

communicate on our ethics and human rights policies to our stakeholders through various

communication channels. All our team members are trained on the aspects of human rights.

Our Employee code of conduct guides team members in exhibiting ethical and acceptable behavior as

required by BVCPL.

In 2019-20, there have been no complaints on child labour, forced labour,

compulsory labour, sexual harassment or unethical behaviour of any

types.

Our policies strategized to protect human rights and build ethical systems

include:

Policy on Sexual Harassment:

In our venture to create a workplace where employees can work without

the fear of sexual harassment, we have developed a gender neutral policy

centered on prevention of sexual harassment. The policy titled as

“Vaisakha Guidelines” includes the provisions of “Policy on Sexual

Harassment of Women at the Workplace Act, 2013”. All our employees

go through compulsory training on prevention of sexual harassment. We

have a dedicated Complaints Committee to monitor and address

grievances of sexual nature.

Whistleblower Policy:

Our whistle-blower policy provides a transparent, two-way platform for employees to communicate their concerns or grievances regarding unacceptable, improper or unethical

practices within BVCPL. Through this policy, employees are given the freedom to communicate their concerns without informing their immediate supervisors. Our Whistleblowing

officer is responsible for monitoring, receiving and recording complaints that are part of this policy,


ETHICAL SUPPLY CHAIN

We work closely with all business within our supply chain to

conduct adequate due diligence checks to ensure their

standards meet and match our high ethical requirements.As

part of our commitment to ethical and sustainable business, we

developed the BVCPL Social Accountability ‘Policy.

They require compliance with national laws and International

Labour Organization (ILO) conventions and recommendations,

these requirements are communicated with all supplier along

with Purchase Order for each order placed, Below are the

Criteria conveyed to suppliers.

Supply chain sustainability is a crucial aspect to our business at BVCPL. While we develop responsible and

conscious business practises, we encourage our suppliers to conduct their business in a sustainable and of our

sustainability agenda, thus maximising impact. We hold our suppliers accountable for maintaining maximum

upstream sustainability standards. To ensure collective and holistic sustainable growth across the value chain, we

have developed strong relationships with our suppliers to collectively reach our sustainable supply chain goals.

We set stringent regulations to ensure supplier sustainability while signing contracts.

We have strategized supply chain policies for all of our RM and sustainable sourcing policy to guide us in

reaching our supply chain sustainability targets.

• Child labor

• Forced labor

• Health and safety

• Freedom of association and collective

bargaining

• Discipline

• Discrimination

• Working hours

• Wages

BVCPL requires all supplier to Demonstrate positive practices to mitigate and eliminate the risks posed by

modern slavery, forced labour and other forms of exploitation, Demonstrate rigorous health & safety standards

in line with Indian legislation (and any other countries as may be applicable), Demonstrate responsible

environmental performance in line with Indian legislation and regulatory standards, Not to discriminate on any

basis in accordance with the provisions of the Equality Act 2010 and any other related legislation, Permit

worker’s freedom of association and collective bargaining ,To adhere to all requirements regarding the

National Minimum and Living Wage (and other benchmark wage guidance, where applicable)

Principles of cooperation :- In order to ensure success, it is our policy to work with our suppliers on

the basis of Work collaboratively with our suppliers in pursuit of these standards, Ensure that our

relationship with suppliers is fair and honest, Welcome, rather than penalise, suppliers who recognise

deficiencies in their practices, and strive to implement effective remedial action and work towards

improving conditions and standards ,Focus attention on parts of our supply chain where the risk of

not meeting standards is highest, Assess suppliers to ensure they meet the requirements of our ethical

standards via due diligence checks and auditing


Responsible Sourcing and Supplier AssessmentAt BVCPL we have championed Social and Environmental

responsibility by developing strategies and policies aligning

with the Company’s sustainable vision. Including this in our

supply chain agenda, we have formulated procurement

guidelines that require us to audit new suppliers based on

Environment, health , safety , Ethics parameters before

bringing them on board. We have developed one of the

important policies to vouch for sustainable procurement -

“Sustainable Procurement Policy” .These policies highlight

our expectations on critical sustainability performance

parameters such as health and safety, human rights,

integrity, and environmental sustainability to name a few.

The policies have been created in accordance with

international benchmarks and best practices

Sustainable Procurement Policy:

To align with our sustainability commitment, we have

developed a Sustainable Procurement Policy ,which is an

extension of our values; applicable to all our suppliers.

We expect our suppliers to operate in accordance with

the principles as outlined in this Policy , while adhering

to all applicable laws and regulations.

In the policy, we go beyond legal compliance

requirements by drawing upon internationally recognised

standards in order to identify and define best practices

from across the globe. The policy outlines our

expectations with regards to ethics, business integrity,

human rights, health & safety, environment, the local

community, quality of product & operations, human

rights aspects like collective bargaining, child labour,

forced labour and other parameters. We periodically

review our procurement policy for improvement and to

ensure that it continues to help us move towards our

vision.

Supplier Assessment Methodology:

We have been striving hard to bring about robust policies

in place to assess our suppliers based on sustainability

criteria. In line with the key policies, we have designed

an extensive questionnaire with all our suppliers to help

us assess their sustainability. The questionnaire evaluates

the supplier based on four different parameters such as

Degree of compliance to ethics and legal requirements,

Supplier’s management maturity, Supplier’s level of

Environment, Health and Safety Performance.

Key Results of the Supplier Survey:

According to Our established Procedure , Online

Assessment in terms of Environment, Health, Safety,

Ethics , Labour Law, Human Rights aspects carried out

Once in every 03 Years. In 2019-20 We have Performed

Assessment of all the supplier.. Further to that, In FY20,

we have carried out Virtual Audit of 02 supplier to check

their compliance level. We are working closely with our

suppliers to better their performance.


Our raw material sourcing policy adheres to the highest

environment, social and safety standards. We assess and

monitor the performance of key suppliers on

sustainability to ensure compliance with local

regulations in chemicals procurement and follow

stringent safety practices during transportation. Our

contractors are required to follow the national labour

laws and a strict ‘No Child Labour’ policy. It is

mandatory for the contractors to receive training on

safety and health. Our Supplier Code of Conduct gives

guidance to all the suppliers on key requirements

related to sustainability.

Initiatives

• Developed alternate Renewable Solvents as an

replacement of synthetic petro base Solvent. THF is

now Completely replaced with M-THF in Grignard

Process.

• Engaging with BASF to increase the supply of

Renewable Lorol – a key raw material for producing

Hexyl Esters. Increased volume of renewable

hexanol by 10%.

Safety in Logistic:

The transportation of chemicals is done in

safe and GPS-enabled vehicles designed to

carry such chemicals. The drivers are

trained for hazard management in case of

any accidents. TREM (Transport

Emergency) cards are used for

transportation.

We have taken membership of Nicer-globe to have better control

over transportation of hazardous chemicals. An emergency

response system is established to take care of any unforeseen

incidents. Training is provided to the warehouse staff handling

and storing these materials. The safety documents such as

Material Safety Data Sheets (MSDS), the risk assessment,

compatibility study etc., are ensured before the material is

purchased at site. 15


Product Safety and Stewardship

Our policy on Product Stewardship clearly states that our

products are to be produced, used and managed until the

end of their lives in a socially and environmentally

responsible manner to support the SDGs and our

commercial goals to position in sustainable markets. We

have a written Product Stewardship Policy and Quality

Policy circulated among all our employees. We conduct

regular monitoring and evaluation exercises, to assess

our customer needs, product knowledge sharing sessions

and to communicate extensively with our customers.

Based on our customer feedback and external surveys

and BVCPL standards, we have a design and

development process methodology to develop new

products. We also have robust procedures in place for

customer complaint handling and internal customer

satisfaction survey.

At BVCPL, since our products are exported and

marketed in the EU, there is a requirement for

adherence with REACH - a European Union regulation

concerning the Registration, Evaluation, Authorisation

and Restriction of Chemicals (REACH). Adherence

requirements include registration with the ECHA -

European Chemical Agency, providing ‘safe use’

documentation and disclosures to customers for certain

products etc. As of now, a total of Twenty One

substances are registered under REACH and we took a

Lead role and acted as Lead Registrant for one of the

Product Hydratropic Alcohol. Few More REACH

Registration are also under progress.

Product Stewardship:

Our product stewardship agenda includes leadership and

strategy; education, awareness and communication programs,

product responsibility management, reduction in toxic

substance in products and processes, extended producer

responsibility, sustainable design and engagement of

voluntary codes and standards for reducing environmental

impact.

To further strengthen our responsible business agenda, we have

acquired ISO 14001: 2015 and ISO 9001:2005 and ISO

45001:2018Currently, we have completed the external training

session on EMS and OHSAS and are further on our way to

integrate all three systems as “Integrated Management Systems”

(IMS).

Product innovation and responsible business practises are prudent to our operations at BVCPL. To develop and nurture a sustainable business, we constantly focus on innovation, excellence and quality in all the products that we deliver. We work relentlessly in conducting business in a responsible, ethical and innovative manner, inculcating sustainability into our thought processes every step of the way. As a responsible business, the safety of all stakeholders using our products is of extreme importance to us. Keeping this in mind, we conduct our business in a safe and sustainable manner for the larger benefit of the society. We are an active member of Indian Chemical Council and a signatory of Responsible Care. Our Commitment to Sustainability is Awarded with permission to use the Responsible Care Logo by the Indian Chemical Council. BVCPL is one of the Only 54th Indian Companies granted the use of the Responsible Care Logo which is given to industry leaders who contribute well towards sustainability pillars of Environment, Health, Safety, security , product stewardship and CSR.

Customer Prioritization and Sustainable business:

Customers and our employees are key stakeholders to our business. To better our performance, we continually seek the inputs of these two stakeholder groups through evaluations and surveys based on various aspects. Through channels such as employee satisfaction surveys, customer surveys, feedback surveys and market research, we regularly monitor our performance. We include feedback from key stakeholders into our business decisions and into our R&D efforts, thus helping us create a robust business with a quality product portfolio. We are the active member of IFRA(International Flavour & Fragrance and Signatories of IFRA-IOFI Sustainability Charter.

16


ENVIRONMENTAL PERFORMANCE

We aim to conserve and reduce 10

percent of energy usage through re-

engineering, process improvements and

project efficiency.

Reduction in Energy Consumption

We envision to achieve a status of reduced

carbon emissions through effective

sustainable approach throughout the

operational activities

Carbon Neutrality

Having induced environmental sustainability as

an integral part of our business operations, we

continue to find and apply measures that can

reduce and optimise resource utilisation and

reduce emissions. As a part of BVCPL long

term goal to build a cleaner and greener planet,

we have invested in environmental

sustainability, making it a key aspect in our

manufacturing processes. We focus relentlessly

on improving productivity, energy efficiency

and maximising sustainability at our

manufacturing facilities through usage of state

of the art technologies and processes. Our

technologies and processes help us continually

monitor and analyse our environmental

footprints in various locations. Resource

efficiency and environmental impact reduction

is at the core of our sustainability strategy, all

our green targets being focused on these two

aspects.

In our efforts to invest in process efficiency and

energy management, we have invested good

amount in helping us in reaching our

environmental sustainability targets. We have

worked relentlessly to increase our renewable

energy. We pride ourselves in being compliant

with all local, regional and national level

regulations in matters of environmental

sustainability.

Our management approach to the environment

is focused on three areas: reducing the impact

of our footprint, embedding safety, health, and

environmental considerations into our

business, and providing credible information

about our environmental performance to our

stakeholders

We aim to attain a water positive

status using the concepts of

reducing, reusing and recycling

.

Water Positivity

We aim to develop robust waste

management techniques to reduce the

amount of waste entering landfills

Reduction in Waste to Landfill Zero Harm and Zero Impact to the

Environment remains our main focus from the

leadership to the shop floor, businesses and

functions, supply chains and logistics

providers.

We intend to use treated water across municipal

corporations for our process. We aspire to be water

neutral/positive through water harvesting, and ZLD

technologies, and also strive to lower our carbon

emissions significantly by increasing our

dependence on renewable energy. We are working

towards ZLD in our operations. We are committed

to achieving sustainable growth while minimizing

the impact of our operations on the environment.

We follow a carbon neutrality strategy, seek to use

resources efficiently and work to deliver value for

the society.


WATER AND ENERGYWater is a primal part of our operations at BVCPL; one

of our key material aspects. We primarily use water for

domestic purposes and for industrial processes such as

manufacturing, cooling, heating, cleaning etc. We are

committed to contributing to sustainable use of water

within our facilities. Our water management agenda

focuses on efficient and effective usage of water

resources at both process level, as well as domestic level.

The main source of water used in BVCPL is from the

Ground water supply .We continually monitor, review

and analyze water consumption across our operations to

understand consumption patterns. Monitoring also helps

us identify focus points, to further develop our water

management framework.

At BVCPL , we fully understand the energy intensiveness of the chemical sector, thus making

it a key material aspect to our business. All our processes are aligned to improve energy

efficiency; helping us in our vision to mitigate climate change. Our energy goals are focused

on three key parameters- use of innovative technologies, conservation of energy and

development of efficient projects. Through our Green goals, we envision to reduce more than

7 % percent of our energy consumption by the year 2020. Our key projects to manage energy

consumption include interventions to reduce the usage of renewable Fuel such as Biomass

Briquettes. Energy Efficiency being one of the key aspects of our sustainability agenda, we

have strategized various measures to reduce specific energy consumption, thus helping us

meet our green goals and targets.

In 2020-21, a total of 336.8 KWH of energy was consumed considering both the Facilities

which was 4.68 % lesser than last year consumption of 352.59 KWH. Reduction of 4.68 mt

was considered based on the production volumes

FY 19 FY 20 FY 19 FY 20 FY 19 FY 20

Energy Use Water Use Fuel Use

352

336

1.632.28 0.446

0.452

KW

H /

MT

of

Pro

duct

ion

KL

/ M

T o

f P

roduct

ion

MT

/ M

T o

f P

roduct

ion

In 2020-21, we consumed a total of 38,768 KL against production of 16,947 MT of production

which was 22.84 percent higher than the 2019-20 with the consumed water 20,523 MT against

the production of 12,589 MT of production. .


SUCCESS STORIES - EMISSION REDUCTION

The bio-mass boiler project, the go-green initiative, which substitutes fossil fuel with

agro-based waste, was installed during recent expansions to reduce the carbon footprint.

At BVCPL , Biomass Briquettes widely used for all the Application like steam generation

in boilers, heating purpose and drying process to replace existing conventional fuel like

coal, wood & costly liquid fuel like FO, Diesel, LDO, Kerosene etc. Use of Eco-Friendly

Briquettes fuel to save non-conventional fuels has shown very promising results.

Bio coal briquette made from peanut waste and a forth coming fuel of the world. It’s a

high excellence asset , inexpensive, ecological & progressive environmental friendly

sustainable fuel.

Biomass Briquette Boiler


CDP formerly the Carbon Disclosure Project. is an international, non-profit organisation providing the only global system for companies and cities to measure,

disclose, manage and share vital environmental information. Through CDP we demonstrate BVCPL’s commitment to action relating to carbon emissions reduction,

both in theory and in practice.

We aim to communicate our strategic direction, motivation, goals, development and progress relating to sustainability with our stakeholders in a transparent way. As

part of our CDP Climate Change and water submission, we report annually on greenhouse gas emissions, energy use and the risks and opportunities associated with

climate change. Since we began participating in CDP Climate Change in 2017, we have disclosed our greenhouse gas emissions and water criteria every year, in

addition to our reduction strategy and performance for both the investor and supply chain surveys.

In 2020, we have scored a C for Climate Change Performance and B for the Water Criteria which is better performance compared to Industry Average and one level

higher than what we have achieved in 2019 Assessment.

The CDP Score Report allows BVCPL to benchmark and compare our progress towards environmental stewardship against

peers, in order to continuously improve our climate change governance and stewardship

Sustainability RatingC

lim

ate

Ch

ang

e

Wat

er


WASTE

FY 19 FY 20

Waste to Landfill

0.02

0.019

MT / MT of Production

MT / MT of Production

FY 19 FY 20

Waste to Fuel

0.086

0.093

In the Chemical Industry, waste management is an extremely prudent aspect. At

BVCPL, we have developed a robust waste management framework to meet with

the sustainability challenges of the chemical industry. Waste Reduction is a key

aspect of our climate change mitigation agenda; all our material use and

manufacturing processes are conducted in a conscious manner to yield minimal

waste. Following the concepts of Reduce, Reuse and Recycle, we go beyond

compliance in ensuring effective waste management. The waste generated from

our facilities is well within the permissible limits required by local, regional and

national norms.

Our waste management strategy includes collection, segregation, management and

disposal. We have an in-house effluent treatment plant (ETP) to treat wastewater

generated at our facilities. The biological and chemical sludge generated from the

ETP disposed off in Landfilling.

Identified and recognized the waste stream of the product which have good

calorific value with less carbon emission. This grade of waste stream is disposed

to cement industries where it is utilized as fuel in cement kiln after co-processing

at government authorized co-processor

In 2020-21, a total of 1580.34 MT of waste was sent for co-processing

considering both the Facilities which was 45.35 % higher than last years value of

1087.24 MT.

Likewise, a total of 324.26 MT of waste was sent for land filling Considering

both the Facilities which was 28.06 % higher than last years value of 253.2 MT.

.


SUCCESS STORIES

Co-processing of Waste

We have introduced a new metric for this current strategy period, which is the

percentage of our total waste volume (tonnes) that is used to generate off-site

energy. We Are making significant progress in our efforts to convert waste to

energy.

In order to achieve this , we have Identified and recognized the waste stream of

the product which have good calorific value with less carbon emission.

This grade of waste stream is sold out to cement industries where it is utilized

as fuel in cement kiln after co-processing at government authorized co-

processor.

During the FY 2020-21 1580.34 MT of our waste volume (tonnes) was used

for off-site energy generation which is more than double the FY 2019-20 figure

of 1087.24 mt

1580.34 MT -Total Qty of Waste

converted to Energy.

WASTE TO ENERGY REUSE OF PROCESS BY-PRODUCT

Recognition of Useful By-Product

Recognized the key composition in Aqueous waste from one of our product

Undecavertol and separated out from the process stream through adequate

washing and separation technique.

Product is produce through Grignard reaction which generate enormous amount

of inorganic salt which was the considered as unused by-product. This salt was

identified as Magnesium Chloride and having good consumption in chemical

industries. Salt is sold out to authorise end user generating the revenue out of it.

This Salts was once generated and disposed of as wastes. Markets were found,

and supplier agreement were put in place for the sale of these salts. In 2020-21,

Total 2539 MT of By Product (Waste) was identified as useful feedstock for

other industry and sold by complying the quality norms. This was 1811 MT in

2019-20 which indicates 40 % improvement .

2539

MTWaste is converted into reusable

Feedstock.


SUCCESS STORIES

Recycle of Process Waste

PROCESS WASTE RECYCLE RECYCLING WASTE WATER

We continue to intensify our efforts to identify our waste -recycling

opportunities. In two of our Fragrance Ingredients (Salicylic Acid Esters) called

Amyl Salicylate and Hexyl Salicylate reaction process , identified the water

waste streamline process which is recycled back to the process. Considering

both the product together , Around 482 KL/ Year of Wastewater continuously

recycled back into the process.

Recognized the key composition in Aqueous waste from Melonal and separated

out the water and salt through distillation technique. Water is recycled back to

the process and salt is sold to Authorized end user. By this way 885 KL/Year

water is distilled out recovered and recycled back into the process.

In 2020-21 , Putting all the above implementation together, around 1367

KL/Year wastewater stream recycled back to the respective reaction

996 KL

1492 KL

18

-19

19

-20

20

-21

1367 KL

Tota

l V

olu

me

of

Pro

cess

Wa

ter

Rec

ycl

ed

Company is using Treated wastewater in ETP for Chemical Preparation and

washing of Contaminated Drums.

RO reject water is used in few of the process like Undecavertol , Melonal

Etc.

0.00 KL

127.00 KL

18

-19

19

-20

140 .40 KL

20

-21

0.00 KL

2544.14 KL

18

-19

19

-20

2610.30 KL

20

-21

Tota

l V

olu

me

of

Wa

stew

ate

r R

ecy

cled


Dry Vacuum Pump /

Close Loop Vacuum

System

Intervention :-

➢ Earlier, we were using Water + Steam jet

Ejector, where we were consuming 45

Kgs/hr/system of steam. We have introduced

the Dry Vacuum Pump instead of

conventional Vacuum system, which is run

by Electric Power.

Impact :-

➢ There is steam saving 400Kgs/hr i. e 9600

Kg/day Steam which makes Briquet saving

of 64 MT/month.

➢ It lead to the total reduction in carbon

emission of 80,600 Kgs per month.

➢ Also, there is no steam in process, so we do

not have to withdraw water for generation of

Steam and hence there lesser water drawing

from Ground which makes water saving by

262 KL/Month.

SUCCESS STORIES EMISSION REDUCTION


EFFLUENT

5246 KL

5431 KL

3.51 %

19

-20

20

-21

Effluent Management is an integral aspect of our sustainable waste management

strategy. Aligned with our vision to build a water positive enterprise, we work

relentlessly to minimise effluents and maximise recycling and reusing activities

within our facilities.

We continually monitor, review and manage our effluent performance to find gaps

in the system. To manage effluents generated from our facilities, we have put in

place an effluent treatment plant. Our effluent management strategy has helped us

reduce impact on water resources near our operational areas.

We have an in-house effluent treatment plant (ETP) to treat wastewater generated

at our facilities. The biological and chemical sludge generated from the ETP is

then disposed off in Landfilling.

Combine Capacity of ETP plant of both the Manufacturing Facility is 6300

KL/Year which include 4500 KL / Y for Unit I and 1800 KL/Y for another Unit.

In 2020-21, we have treated 5431 KL of Effluent and discharged into common

Effluent Treatment Facility which was 3.51 % higher than the previous year

treated effluent qty of 5246 KL.

In order to recycle the domestic water, we have installed STP (Sewage Treatment

Plant) at our manufacturing facility. It includes biological processes to remove

pollutants. Its aim to produce an environmentally safe water, called effluent, and a

solid waste, called sludge or biosolids, suitable for disposal or reuse

Water from the admin buildings, toilets, baths, showers, canteens, sinks and

collected first in Collection tank and treated well in STP plant.

Treated water from the STP Recycled back and reused in the toilets blocks and

gardening purpose. This led to the reduction in water consumption of 1800 KL in

2020-21.


At BVCPL , we recognise the importance of emission management in the chemical industry, making it a key material aspect to our business . We are the

signatories to “Responsible Care” and thereby making our commitment public. We have also reported fully for the third time our carbon emissions via the

Carbon Discloser Project.

Over the past five years, we have better understood the difficulty in achieving year on- year energy reductions and Scope 1 and 2 CO2 emissions savings. Our

best opportunities for further improvements are through increased efficiency and fuel use changes, and we will focus on these areas in the coming years. We will

also install new technology to identify potential savings and explore new technologies to achieve our goals.

Our sustainability vision and our continual efforts have helped us reduce a considerable amount of emissions. To manage our carbon impact and achieve

our emission reduction goals, we have strategized a plethora of measures including interventions such as replacing fossil fuel with biomass in boilers,

utilisation of pitch in boilers to enable the reuse of organic waste as fuel and many more.

In 2017, we started to report our CO2 emissions for both scope 1(direct energy) and Scope 2(Indirect energy) from purchased electricity), Additionally ,

during 2017 , we started a project to screen our significant Scope 3 emissions( broad scope of upstream and downstream emissions).

During 2020, our CO2 emissions (Scope 1 & 2) in Tonnes per tonne of production increased 1.44 % for Scope 1 and decreased 4.66 % for Scope 2

compared to the prior year .

EMISSION – Scope 1 & 2


EMISSION – Scope 3

Understanding our Scope 3 Green House gas Emissions (GHGs)

Scope 3 GHS emissions are much broader than Scope 1 and 2 and can include anything from employee travel to “upstream” emissions, embodied in the products we

purchase and process, and : downstream” emissions, which are associated with transporting and disposing of the products we sell.

Since 2017, we have initiated reporting Scope 3 emissions alongwith Scope a and 2 under CDP. Assessment of Scope 3 emissions done based on the GHG Protocol and

then disclosed in CDP plateform.To understand our critical Scope 3 emissions, we calculated annual emissions

(from 1st April 2019 to 30th March 2020) from a range of upstream Scope 3

Activities, including:

•Downstream Transportation and distribution (Sold Product)

•Upstream Transportation and distribution (Purchased Goods)

•Business Travel

•Employee Commuting

The downstream Scope 3 activities such as waste generated within operations,

were excluded from the assessment (for reason of practicality and resources)

but may be included in future evaluations.

Our total Scope 3 emissions for the period FY20-21 were calculated at

27,59,066 tonnes of CO2, which is as usual greater than our Scope 1 and 2

emissions combined( for the same period) .Emissions from the Downstream

Transportation and Distribution accounted for approximately 72.57% of total

Scope 3 Emissions whereas emissions from Upstream transportation

contributing 27.42 %.Contribution of the Emissions from the Business Travel

and Employee Commuting is very minor which was 0.00001 % and 0.0018%

respectively. A summary of the main Scope 3 emissions in shown on left side .Scope 3 GHG Emissions27


SUCCESS STORIES SUSTAINABLE PROCESS

REDUCE-

Water in Process

• To eliminate the water load to specific product stream ,Adopted the Green Chemistry Principles and Established the green method for DCPD esters which makes it Zero Water process.

• More than 9500 MT of DCPD esters producing without using single Kgs of water.

Water Load to 9500 MT Product0%

Green Chemistry

At BVCPL, we apply green chemistry principles to all of our chemical

transformations. The use of Green Chemistry principles is an essential

part of our process-development activities. We have placed particular

focus on principle of Green chemistry , covering catalysis . As a means of

achieving lower energy requirements, reduced waste and other benefits,

this principle is particularly important because it touches on several other

principles of green chemistry.

We continue to invest in areas such as catalytic chemistry organo—

inorgano and metalo or in combination to devise cleaner processes. To

better manage our overall environmental impacts, we have established

couple of environment friendly , recyclable green catalyst for some of

our salicylates group products.

A tangible benefit achieved last year which allowed us to reduce the

waste by 0.06 tonnes/ tonnes to 0.022 tonnes / tonnes of production of

salicylates which end up with the waste reduction of 63 % from this

product stream.

Similar efforts to reduce the water in product process is triggered and

Targeted to reduce the water load at least by 20 % compared to current

water load.

New Product under development are also designed in such a way that

water load to the product is minimised and subsequently process waste

water is reduce.


SUCCESS STORIES SUSTAINABLE SOURCING

We use approximately 03 different sustainably-produced raw materials each year to produce our renewable products at our manufacturing premises. Proportions of individual raw materials in selected product portfolio vary from year to year, depending on their availability, price, and specific market requirements. These three renewable raw material consist of Iso Amyl Alcohol , C-6 Alcohol and Methyl THF.

The 2-methyl tetrahydrofuran made from renewable agricultural by-products from corn cob waste by converting the available pentoses by acid hydrolysis which makes 2-Methyl THF a renewable one. Iso Amyl alcohol we use originated from the Fossil Oil / Molasses and the source of Palm oil / Coconut oil makes C-6 Alcohol a perfect renewable raw material.

In FY 2020-21, around 5.81% of the raw materials we purchased worldwide were from renewable resources which includes 1058 tonnes of C-6 , 55.42 tonnes of Methyl THF and 389 tonnes of Iso Amyl Alcohol.

Renewable Raw Material


INCLUSION , DIVERSITY AND OUR PEOPLEWith the nature of employment evolving and employees embracing remote working – accelerated by the COVID-19 pandemic — it is important to know how to best manage and engage an

increasingly distributed workforce.Other developments, such as an abundance of data and the need to embrace greater inclusion and diversity, are also reshaping the workforce. Companies are

responding to these trends by investing in the development of employee skills, implementing internal policies, and working to attract and retain a more diverse workforce.

The mine of the future requires increasingly

advanced skills and training, and leading

companies recognize that a high-

performing, innovative, diverse and

inclusive workforce is linked to business

value. At Teck, we know that supporting a

diverse, safe and engaged workforce is

foundational to our business. Although we

faced increasingly challenging market

conditions due to the COVID-19 pandemic,

we remained focused on operating safely

and responsibly maintaining employment

and economic activity to the extent possible

during this time. As such, there have been

no redundancies of any BVC employees as

a result of COVID-19.

At BVCPL, we are cognizant of the

importance of developing a diverse and

inclusive workforce. Diversity is one of

the core components of our people

philosophy. We have institutionalized

diversity and inclusion into our

employment processes- meritocracy,

fairness and ethics being the pillars of our

people management strategy. We believe

that workplace diversity is a vital

component in building an enabling and

empowering workplace.

Keeping this in mind, we do not

discriminate our current or prospective

employees on the basis of nationality, race,

caste, gender, gender identity/expression,

physical ability, religion, colour, sexual

orientation, disability, age or marital status

. In our agenda to foster an inspiring

workplace, we provide equal opportunities

to all team members. We continually put in

place several initiatives to further

strengthen our diversity and inclusion

framework.

Employment is a key material aspect to our

business operations; our robust employment

framework helps us in creating and

nurturing, inspiring workplace with

expertise from various fields. We continually

attract, develop and retain the best talent in

the industry. We strive to uphold the

BVCPL’s 20 year legacy by developing a

company built on a foundation of trust,

integrity and respect for others.

Our employment agenda provides ambitious,

unparalleled growth plans and career

opportunities for our talent. Through career

opportunities, benefits & rewards and our

training & development programs, we

develop a workforce comprising of

passionate and rounded individuals. We

encourage our team members to perform to

their full potential by creating an enabling

workspace for them.

Nurturing Culture

Developing an empowering work

culture letting our talent grow as we

grow.

Tough love

We encourage our team members

to challenge themselves,

recognising high potential

employees.

Whole self

We support our team members in

developing their whole self, thus

creating passionate and rounded

individuals with diverse interests.276Employee

Strength

257 19


LEARNING AND DEVELOPMENT

We are committed to providing our employees

with opportunities, experience and training to

grow their knowledge, skills and capabilities

and realise their full potential. Individual

aspirations are catalysed by encouraging

employees to work with their line managers to

devise personal development plans, in

alignment with BVCPL’s objectives.

Our training initiatives enable our people to

develop personal skills, think strategically,

support managers in team development, assist

those in charge of key operations, and improve

procedures and processes. Training needs are

rigorously identified and delivered through

internal and external workshops as well as

online modules. This is included in the

Company’s training calendar and helps us

systematically improve the quality of our

workforce.

Core Managerial Skills Programme

The Core Managerial Skills programme is designed

exclusively for department heads. The programme

intends to make department heads more effective in

their existing roles by offering the requisite managerial

skill sets and perspectives.

We are conscious of the importance of training and development in improving

skillsets of our team members. Efficient training helps employees grow,

eliminates inefficiency and increases productivity. Our approach to training and

development focuses on combined growth, catering to organizational

requirements as well as individual developmental needs of our team. Our

comprehensive training and development programs are charted based on industry

requirements and role based requirements.

Working on a business philosophy entailing the 70-20-10 principle, we believe

that:

70 percent learning happens on the job

20 percent learning happens through acquired feedback, coaching & mentoring,

10 percent learning, happens through training, executive programs and online

learning programs.

Learning and Development programs are overlooked by supervisors who play a

pivotal role in laying out the training calendar and facilitating the training

programs. Our training agenda includes capability building, competency

building and skill building trainings. Through structured career discussions and

individual development plans, we have developed a robust training framework,

catering to end to end training requirements. The training programs we

conducted this year:

• Training on Environment Issues

• Safety Induction

• Fire Safety Training

• Chemical Hazards and Safe Handling

• EHS and Safety induction

• Behavior safety

• Fire fighting and emergency control

• First aid

• IMS awareness

• Mock drill

• On the job process training

FY 19

4.20

FY 19 FY 20

0.25

0.37

Average Number of

Employees Attending

Training / Day

Average Hours of

Training / Day

12.3

FY 20


HEALTH AND SAFETYWe believe the best way to ‘improve our safety’ is to create and nurture a work environment

where everyone is trusted, valued, has a voice, contributes and supports to achieve safety

excellence. Everyone shares information, experience, resources, knowledge, time and effort;

participates in problem solving; and is responsible and empowered to do their work.

Our safety policy, safety

principles and integrated safety

management system work

towards achieving a common

goal of ‘Zero Harm’.

We conduct regular performance

reviews, test procedures and raise

awareness through open

communications as part of our

commitment to further improve

our health and safety

management.

All our employees are provided

safety training as part of the

induction programme. The safety

training

also covers our contractual

workforce. We devise our safety

agenda on an ongoing basis to

inculcate a culture of safety

across the organisation. The

health and well-being of our

people directly impacts our

business success. We encourage

our employees to prioritise health

and avoid stress. We have

instituted a robust safety

governance system. The highest

governance body in the

organisation is the OH&S Board,

chaired by the Managing

Director, which reviews

our safety performance and

provides guidance on a regular

basis. Also, there are apex

committees headed by the CEO.

The apex committees are

supported by sub-committees,

chaired by respective functional

heads and/or senior department

heads.

Sub-Committee Roles of Sub-Committee

Safety Leadership & Culture

• Develop a working action plan.

• Develop, implement and continually improve

safety observation and engagement process.

• Identify opportunities for integration of safety

management system

Critical Risk

Management

• Establish and implementation control over action

group of working at height, Electrical & LOTO,

Cranes & Lifting, Vehicle& Driving

Process Safety Management

• Review of Process Safety Incidents

• HAZOP for Critical P&IDs

• Process Hazard Analysis (PHA) Studies

• Risk Governance for High Risk Scenarios

• Process Safety Information (PSI) Implementation

Training &

Competency

• Conduct training need identification

• Source internal trainers to impart knowledge

to future trainers

• Address all gaps discovered in training need

• identification processes

Operational Control and Discipline

• Develop, review, implement and communicate

safety standards, rules and procedures

• Identify areas where standards and procedures

need to be evolved and inform the Board-level

sub-committee

• Implement audit protocols for all standards at

each line function

Contractor Safety Management

• Ensure safety capability building

• Conduct Contractor Field Safety Audits (CFSAs)

• All contractors go through mandatory

Qualification scanning, safety induction.

• Creating Safety Awareness amongst all contractor

The Safety Governance Structure

has resulted in an increased

involvement, ownership and buy-in

from sub-committee members and

an understanding that safety is

everyone’s responsibility, with the

line function at the forefront of the

safety management system.


EMPLOYEE PARTICIPATION AND ENGANGEMENT

At BVCPL, we recognize the crucial role our talent pool plays in our success. We provide training and career advancement opportunities, reward fairly and encourage direct feedback to senior

management in a supportive and meritocratic work environment that emphasizes employee well-being and promotes a healthy work-life balance.

Employees are one of our key stakeholder groups.

Happy, healthy and engaged employees are crucial

to our sustainability objectives. Our employee

engagement survey serves as a catalyst and enables

them to voice opinions and provide feedback to the

management. This allows managers to undertake

any actions to improve the performance of their

teams. Every employee undergoes regular, formal

performance and career development reviews, and

we encourage managers to have frequent informal

developmental conversations with their team

members.

Committed to championing business growth as well

as growth of our team members, we have developed

a workplace embracing two way communication

channels to increase transparency and fair

communication. At BVCPL, employee engagement

is conducted continually through the use of various

channels, both online and offline.

Our communication platforms with employees

include various mediums- open houses with senior

leaders, town halls, employee engagement surveys,

HR connect sessions and many more, Safety

Committee meetings, Mock drills, Training sessions,

etc.., Our employee engagement measures have

helped us encourage and retain our talent,

decreasing turnover to a great extent. Engagement

activities also motivate employees to better their

performance.

At BVCPL , we continue to foster, develop and nurture

a high performance culture by recognising,

compensating, and rewarding individuals for their

performance and contributions through performance and

career development reviews. We have developed a

system enabling us to monitor performance of

individuals, to determine development areas and

training requirements. During Performance reviews,

strengths and development areas of key personnel are

systematically identified and individual development

plans drawn up. The continuous training of employees

within the framework of the internal talent management

process ensures well-functioning succession planning

for important positions within the company. 100 percent

of BVCPL Employees undergo regular performance

reviews.

SNAP & EFFECTIVE ENGANGEMENT

PROGRAM

Under the Safety Transformation journey under the

guidance of ERM, we have recently launched

SNAP(Scan, Notice, Analyze, Prioritize) & Effective

Engagement program. This program has provided a very

good platform for recognizing unsafe situation and act by

the concept of SNAP and subsequently making effective

engagement with respective process owner who involved

in unsafe conditions or act. The person who got engaged

initially make sure to engage with another for safety

improvement and by this way whole cycle of safety

engagement is established which create safety culture

more powerful and effective.


The Company provides a conducive work environment for employees to realize their potential and contribute to its growth. The strong commitment of employees enables the Company to overcome

challenging business and economic situations and emerge stronger.The Company strongly believes and nurtures the culture of innovation, performance, collaboration, transparency and openness.

Rewarding Human Capital

At BVCPL, we understand the important role employee benefits play in helping us reach

our organizational goals. We foster a culture of excellence within the organization by

offering an excellent benefits package to our team members. With a firm belief in

recognizing individual capabilities, our rewards program includes aspects such as

competitive pay packages, benefit programs as well as perks. Our benefits agenda is a

major part of our people management strategy, advantageous to both our business growth,

as well as the growth of our team members. The agenda helps us in increasing employee

retention and reducing turnover rates, also improving the quality of work provided by our

team. Our benefits package comprises of the following components

Medical Benefit Scheme:

The scheme covers all BVCPL Employee , in case of any medical emergencies.

Group Term Insurance:

The scheme covers all our Head of the Department of organization..

Maternity Scheme:

To provide full support to our women team members, we offer maternity benefits (6 month

leave) comprising our multiple “return to work” options including provision of flexible

work timings, work from home options and part time options for 6 months post the leave.

Paternity Scheme:

Our parental leave covers paternity leave; we provide leave for two working days for male

team members, that can be availed in two instalments up to 2 months after the birth of the

child.

EHS Safety Recognition Award:

This award recognizes the outstanding performance of employee towards fostering and

promoting Environment, Health and Safety issues in the workplace.

Employee welfare of Best Value Chem Private Limited includes monitoring of working

conditions, creation of industrial harmony through infrastructure for health, industrial

relations and insurance against disease, accident.

•We Provide better physical and mental health to workers and thus promote a healthy

work environment

•We provide loan to employees as and when required.

•Coverage in Employees' Provident Fund Scheme

•Payment of Bonus

•Payment of Gratuity

•Safe hygienic drinking water

•First aid appliances & occupation health center with male nurse availability 24X 7 and

visit of Doctor every week & availability of Ambulance 24X 7.

•Adequate Latrines and Urinals

•Changing & lockers rooms for employees

•Medi-claim Insurance Scheme & Personal Health Care (Regular medical check-ups)

•Suggestion scheme and awards.

•Employee Assistance Programs & knowledge upgradation and enhancement: assistant

programs are arranged like external counselling service so that employees or members

can get counselling on various matters spoken English & personality development

course, certificate courses. etc.

•Free transportation facility for employees in all the shifts.

•Productivity linked incentive schemes to all employees

•Uniform, T-shirt, Winter jackets, shoes& soap to employees.

•Arrangement of Picnic, Sport Day celebration, Festival celebration, Happy hours

arrangement once in every month.

Employees welfare of BVCPL employees includes various facilities, services and

amenities provided for improving their health, efficiency, economic betterment and

social status.


Social Initiatives

Driving Inclusive

Growth AgendaAs part of the BVCPL, we believe in directing resources to

help people improve their lives. We consider the community

around our operations as key stakeholders and believe in

promoting inclusive growth. Through our engagement

programs, we understand the community’s expectations of

better health and hygiene facilities, more local employment

opportunities, better educational and infrastructural

amenities, etc.

CSR Vision

TO NURTURE THE VALUES OF COMPANY AND CONTRIBUTE, FACILITATE , EMPOWER THE PEOPLE & COMMUNITY & THEREBY NATION AS A WHOLE.

TO ACTIVELY CONTRIBUTE TO THE SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITIES IN WHICH WE OPERATE IN LINE WITH THE UN SDGs. IN DOING SO, BUILD A BETTER, SUSTAINABLE WAY OF LIFE FOR THE WEAKER AND MARGINALISED SECTIONS OF SOCIETY AND RAISE THE COUNTRY’S HUMAN DEVELOPMENT INDEX.

Our CSR work is being carried out under

the aegis of the BVCPL for Community

Initiatives and Rural Development, WITH

CSR Committee. The Centre provides

strategic direction and identifies the thrust

areas for our work, ensuring performance

management as well.

Key Pillars

• Education

• Healthcare

• Sustainable Livelihood

• Infrastructure Development

Being an responsible Organization,

we at BVCPL are cognizant of the

importance of CSR activities in

improving the livelihoods of our

communities. Giving back to the

communities is a crucial part of our

business development strategy.

During FY20, we invested 61.71

Lakhs on CSR activities, mainly on

education, healthcare, environment

and livelihood, rural development

projects, social empowerment, etc.

Education

SDG 4 — Providing inclusive and equitable quality

education, and lifelong learning opportunities for all

Education is a great leveller. It empowers everyone to lead

a decent life. Education helps in the holistic socio-

economic development of an individual, which in turn

contributes to the nation’s progress. Through the schools

in and around our facilities, we have provided smart TV

with digital connection for virtual learning programs of

students

Digital Connection to School


Healthcare

SDG 3 — Good Health & Wellbeing

We are committed to providing quality

healthcare facilities to the communities around our manufacturing locations,

with special focus on health hygiene of woman

Health Hygiene program for woman’s at karakhadi village is

organized which covers the distribution of sanitary pads,

installation of vending machine and incinerator(Sanitory pads

disposal unit)

SDG 2 — Zero Hunger

2 Years of COVID 19 was very critical in terms of employment and people for villagers

and needy to get their hunger fulfilled. In order to make sure surrounding villagers get sufficient food for their daily needs organized food distribution program at multiple location surrounded the company. Food kit distribution during COVID-19 for Households of Moxi &

Karakhadi village

Sponsorship of Garbage collection Van forMoxi Village under health and Hygieneprogram

Resources for digitization for Primary Health Centre

– Karakhadi Village

Health – Facilitation of Beds for Covid

Patient at Karakhadi Village Health

Centre


37

706 / 707 / 708 Atlantis Heights,

Vikram Sarabhai Marg, Near Genda Circle,

Vadiwadi, Vadodara - 390 023, Gujarat.


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BEST VALUE CHEM PVT LTD Sustainability Report 2020-21

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