ESG Approach

We integrate ESG principles into our investments, ensuring sustainable growth, ethical governance, and a positive social impact across our portfolio.

Philosophy

At its core, our ESG philosophy is about making a positive impact on the world and creating long-term value for all stakeholders. We believe in companies that prioritize ESG considerations and are committed to supporting them through our investments.

We strive to incorporate ESG factors into every aspect of our investment process, from due diligence and portfolio construction to engagement with portfolio companies. We believe that this holistic approach allows us to identify opportunities for value creation and risk reduction, while also contributing to a more sustainable and equitable future.

Ultimately, our ESG philosophy is about doing the right thing – for our investors, for the companies we invest in, and for the community as a whole.

ESG Integration

Embedding ESG principles in investments to drive sustainable growth and reduce risk.

Sustainable Impact

Supporting businesses that prioritize ESG for a better future.

Portfolio Companies' Initiatives

ADF Foods
ADF Foods Ltd.

ADF Foods has demonstrated a strong commitment to environmental sustainability, employee well-being, and corporate social responsibility (CSR). The company significantly increased its use of renewable energy, with grid electricity sourced from renewable sources rising by 133%. This shift contributed to an increase in the renewable energy mix from 0.8% to 1.67% of total consumption. As a result, ADF Foods reduced its carbon footprint, with emission intensity per turnover declining from 0.0027 TCO₂e/1000 Rupees to 0.0024 TCO₂e/1000 Rupees, and emission intensity per output decreasing from 0.000604 TCO₂e/Kg to 0.000523 TCO₂e/Kg.

The company prioritized occupational health and safety, ensuring regular health checks, 24x7 emergency vehicle availability, and tie-ups with local doctors and hospitals for immediate treatment. Fire safety measures, including fire hydrant systems, smoke detectors, sirens, and fire extinguishers, were maintained with regular drills. Employees received safety training, and enhanced security measures such as CCTV surveillance and NH₃ gas leakage kits were implemented. In extreme working conditions, special jackets were provided for employees working in blast freezer areas at -18°C.

The company also made significant social impacts through CSR initiatives focused on education, healthcare, hunger eradication, poverty alleviation, and women’s empowerment. The company carefully selected CSR partners through due diligence, ensured proper implementation by signing agreements, and conducted regular monitoring and field visits to assess impact.

Camlin Fine Sciences Ltd

Camlin Fine Sciences (CFS) continues to advance its commitment to sustainability, resource conservation, and environmental responsibility. Through strategic initiatives, the company is driving meaningful impact across its operations and industries served.

CFS's shelf-life solutions are addressing food and feed shortages by extending preservation periods, reducing food waste, and alleviating distribution constraints. Local application laboratories provide tailored solutions to communities, enhancing regional food security. In animal nutrition and health, CFS is expanding antibiotic-alternative solutions to improve livestock performance, optimize Food Conversion Ratio (FCR), and strengthen the overall food chain.

In the nutraceuticals sector, AlgalR Nutrapharms, a CFS subsidiary, is advancing sustainable solutions with the development of vegan Omega-3 DHA using proprietary fermentation technology. This innovation mitigates pressure on marine biodiversity while delivering high-quality nutritional benefits. Operational sustainability remains a priority, with a transition from coal to briquettes at the Tarapur facility, alongside ongoing investments to enhance energy efficiency across production sites. Additionally, a shift from brown power to green power at the Tarapur and Dahej plants is expected to significantly reduce carbon emissions and lower energy costs.

Further reinforcing its sustainability strategy, CFS has partnered with Lockheed Martin to develop flow battery technology, a next-generation energy storage solution designed to maximize the utilization of renewable energy. This technology provides long-duration energy storage, ensuring stability in high-energy demand environments and enhancing overall energy efficiency. In addition to internal sustainability measures, the company is engaging vendors, alliance partners, and employees to align with environmentally responsible practices, extending its impact across the supply chain.

CFS’s commitment to ESG excellence has been recognized, with CFS Europe SpA receiving the Excelsa Award from Confindustria Romagna for its leadership in sustainability. The company continues to integrate circular economy principles into its operations, ensuring long-term environmental impact reduction while maintaining strong growth and operational performance.

Camlin Fine Sciences
Jagsonpal Pharmaceuticals
Jagsonpal Pharmaceuticals Ltd

Jagsonpal Pharmaceuticals Ltd actively manages key ESG risks and opportunities to ensure sustainable business growth and regulatory compliance. In human resources, the company prioritizes occupational health and safety, recognizing it as a critical risk. It maintains a safe work environment and comprehensive insurance coverage to mitigate incidents of illness, injury, or fatalities, though these risks have negative financial implications. However, employees are encouraged to participate in career development programs, leadership training, and skill-building initiatives, leading to positive financial outcomes through improved productivity and retention. The company has also launched a website named “My Sakhi” focusing specifically on the topic of Menopause. It has built toilets, in collaboration with Sulabh International Social Service Organisation, with emphasis around women schools and public places.

In supply chain management, the company acknowledges the risk of supplier disruptions and has established detailed assessments for suppliers, channel partners, and third-party manufacturers to ensure regulatory compliance and mitigate operational risks, which carry negative financial implications. Similarly, product quality and patient safety remain key priorities, with a proactive quality assurance team dedicated to addressing complaints and ensuring high-quality standards to maintain consumer trust and compliance.

Onward Technologies Ltd

Onward Technologies prioritizes integrity, transparency, and accountability, ensuring ethical operations through a strong governance framework. The company has implemented key policies, including a code of conduct, risk management measures, and protections against sexual harassment and whistleblower concerns.

Sustainability is also a core focus. The company has invested in advanced digital infrastructure to reduce reliance on paper-based transactions, improving efficiency and environmental sustainability. The company has implemented green initiatives such as energy-efficient lighting, tree plantation drives, and workplace sustainability efforts, including providing employees with metal water bottles, paper straws, and ceramic coffee cups. Additionally, it prioritizes wind power as its primary electricity source to minimize its carbon footprint.

In addition, a Risk Management Committee has been established to develop a framework for identifying and addressing internal and external risks, including ESG-related risks, which will guide long-term business strategy. To safeguard its digital operations, the company conducts regular security audits, employs advanced threat detection systems, and provides cybersecurity training to employees. Compliance measures are in place to mitigate data privacy risks, protecting both the company and its customers from potential litigation.

Onward Technologies
Hindustan Foods
Hindustan Foods Ltd

Hindustan Foods (HFL) continues to integrate ESG principles across its operations, building on its theme dedicated to Goddess Gaia, symbolizing the Earth and sustainability. The company has made significant advancements in sustainability, including solar power integration, rainwater harvesting, briquette boilers, and energy-efficient lighting and air-conditioning systems. HFL also collaborates with its Principals to meet sustainability targets, including compliance with CPCB’s Plastic Management Regulations. It collaborates closely to develop eco-friendly packaging and prioritizes local labor to support economic development.

To support communities, HFL has partnered with the BAIF Institute for Sustainable Livelihoods and Development to launch a 'Village Development Programme' in Telangana's Mahbubnagar District, focusing on improving education and healthcare. This includes upgrading government school infrastructure, installing solar streetlights, and providing digital learning tools. Additionally, through the Ekam Foundation, HFL is funding scholarships for girl students to further their education.

HFL upholds strong corporate governance practices, ensuring compliance with laws and policies through its Code of Conduct and Whistle Blower Policy. The company has dedicated committees, including a CSR Committee and a Risk Management Committee, to address sustainability challenges and ESG-related risks. Under SEBI’s new ESG reporting requirements, HFL publishes a Business Responsibility and Sustainability Report (BRSR), with key non-financial indicators assured by Ernst & Young Associates LLP.

ESG World

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