Sustainability
Chemicals Business
We are a responsible business and sustainability defines the way we create and protect value for our stakeholders.
Sustainability has been an important component for our Chemicals Business, which comprises of the Specialty Chemicals and Fluorochemicals Business, for over 10 years. For us, sustainability encompasses a wide swathe of issues, from minimizing our impact on the environment and society through sustainable resource consumption to creating value for society and ensuring good working conditions for our employees, without compromising on our economic performance. With an aim to move beyond business and continuously strive for sustainability, our model has evolved from a sustainable business framework to the current Triple E Approach.
The ‘E’s of our Triple ‘E’ approach consists of Environment, Engagement and Enterprise, which form the three pillars of sustainability. Each of these pillars covers materiality issues important to our organization’s sustainability targets and goals.
Environment
Environment is one of the most important aspects of our business ethos and we believe in taking all the measures necessary to continuously improve our environmental performance over time. As a result, we have taken up numerous initiatives across our process life cycles, right from raw material sourcing to sustainable resource consumption. We are the first chemical company in India to obtain the ISO 14064-1: 2006 certification for verification of our greenhouse gas emissions. In accordance with international norms, we have completely stopped the production of halons and phased out Chlorofluorocarbons (CFC) from our operations and are now investing in newer, more sustainable technologies. More information on the environmental impact of our operations is available in our Sustainability Report.
Engagement
SRF is also strongly committed to meaningful Engagement with all its stakeholders – from its employees to the communities that we operate in. We are committed to making a positive contribution to the development of local communities around our facilities. Our initiatives are designed to support the social and economic development of the community, while also developing their capacity through various programs on natural resource management, education and community partnership. Read about our carefully designed community programs in our Sustainability Report.
Enterprise
Finally, we believe that holistic sustainable growth cannot be achieved without ensuring the growth of the Enterprise in stride with improvement in environmental and social performance. We have been able to consolidate our position as a leader in the market, backed by our path-breaking R&D capabilities to develop new and innovative products.
