Ambuja Cements’ sustainable development initiatives cover a wide spectrum. From harnessing clean technology to using industrial wastes in cement production, energy conservation to deploying renewable energy and green energy, emissions reduction to creating institutionalised mechanisms to monitor environmental risks and strict adherence to the company’s ‘zero non-compliance’ regime, Ambuja Cements’ sustained efforts have helped ingrain the sustainability agenda into the company’s way of life. All Ambuja Cements Limited plants are ISO 14001 certified.
Good corporate governance practices, an overarching corporate environment policy, dedicated energy management policy, CSR initiatives, thrust on health and safety at the workplace and a sustainable supply chain policy have helped the company cement its sustainability agenda. With an eye on the future, Ambuja Cements has conceived the Sustainable Development 2030 Plan, providing strategic direction to the company’s long-term sustainability vision.
Good corporate governance practices, an overarching corporate environment policy, dedicated energy management policy, CSR initiatives, thrust on health and safety at the workplace and a sustainable supply chain policy have helped the company cement its sustainability agenda. With an eye on the future, Ambuja Cements has conceived the Sustainable Development 2030 Plan, providing strategic direction to the company’s long-term sustainability vision.
Message from our Leadership
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“Sustainability is in our DNA at Ambuja Cements. Deeply committed to environmental, social, and governance (ESG) principles, everything we do is guided by a focus on a sustainable future. Leading the way with 85% blended cement production, we are minimising resource use today for a greener tomorrow. We are proud to be 8x plastic negative and 11x water positive, actively taking steps to reduce plastic use and replenish water resources. Cutting edge technologies and processes drive our operational efficiency, reducing our carbon footprint, and promote a circular economy. This constant focus is anchored by our ambitious science-based target of achieving net zero emissions by 2050. It's a bold vision, but one we are determined to achieve. Join us in building a greener tomorrow!”
Whole Time Director and CEO
CSR beneficiaries
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Employees
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| 1 | Corporate Identification Number (CIN) of the Listed Entity | L26942GJ1981PLC004717 |
| 2 | Name of the Listed Entity | Ambuja Cements Limited |
| 3 | Year of incorporation | 1981 |
| 4 | Registered office address | Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Ahmedabad – 382421 |
| 5 | Corporate address | Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Ahmedabad – 382421 |
| 6 | secretarial@adani.com | |
| 7 | Telephone | +917925655555 |
| 8 | Website | https://www.ambujacement.com/ |
| 9 | Financial year for which reporting is being done | April 2023 to March 2024 |
| 10 | Name of the Stock Exchange(s) where shares are listed | BSE NSE Luxembourg (GDR) |
| 11 | Paid-up Capital | ₹ 439.53 crore |
| 12 | Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the BRSR report |
Name: Neeru Bansal Address: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Ahmedabad – 382421 Contact: +91 9825386934 Email ID: neeru.bansal@adani.com |
| 13 | Reporting boundary - Are the disclosures under this report made on a standalone basis (i.e. only for the entity) or on a consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated financial statements, taken together). | Disclosures made in this report are on a consolidated basis for all Integrated Units and Grinding units, mines and bulk cement terminals. Details of subsidiary companies and joint ventures are not included here. |
| 14 | Name of assurance provider | Intertek India Pvt. Ltd. |
| 15 | Type of assurance obtained | Reasonable assurance for BRSR Core and Limited Assurance for other parameters |
16. Details of business activities (accounting for 90% of the turnover):
| Sr. No. | Description of Main Activity | Description of Business Activity | % of Turnover of the entity |
|---|---|---|---|
| 1. | Manufacturing | Cement, Clinker | 100% |
17. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover):
| Sr. No. | Product/Service | NIC Code | % of total Turnover contributed |
|---|---|---|---|
| 1. | Cement and Cement Products | 23941 | 100% |
18. Number of locations where plants and/or operations/offices of the entity are situated
| Location | Number of plants | Number of offices | Total |
|---|---|---|---|
| National | 14 | 53 | 67 |
| International | 0 | 0 | 0 |
19. Markets served by the entity:
a. Number of locations
| Locations | Number |
|---|---|
| National (No. of States) | 25 states and 510+ districts (~72%) |
| International (No. of Countries) | NIL |
b. What is the contribution of exports as a percentage of the total turnover of the entity?
Nil. We are not doing export of our products.
c. A brief on types of customers
Individual Home Builders, Developers, Infrastructure projects, Masons and Contractors, and Professionals, etc.
20. Details as at the end of Financial Year:
a. Employees and workers (including differently abled):
| Sr. No. | Particulars | Total (A) | Male | Female | ||
|---|---|---|---|---|---|---|
| No. (B) | % (B / A) | No. (C) | % (C / A) | |||
| EMPLOYEES | ||||||
| 1. | Permanent (D) | 2,544 | 2,458 | 96.62% | 86 | 3.38% |
| 2. | Other than Permanent (E) | 753 | 751 | 97.33% | 2 | 0.27% |
| 3. | Total employees (D + E) | 3,297 | 3,209 | 97.33% | 88 | 2.67% |
| WORKERS | ||||||
| 4. | Permanent (F) | 1,004 | 1,000 | 99.60% | 4 | 0.40% |
| 5. | Other than Permanent (G) | 29 | 29 | 100% | 0 | 0% |
| 6. | Total workers (F + G) | 1,033 | 1,029 | 99.61% | 4 | 0.39% |
b. Differently abled Employees and workers:
| Sr. No. | Particulars | Total (A) | Male | Female | ||
|---|---|---|---|---|---|---|
| No. (B) | % (B / A) | No. (C) | % (C / A) | |||
| DIFFERENTLY ABLED EMPLOYEES | ||||||
| 1. | Permanent (D) | 8 | 8 | 100% | 0 | 0% |
| 2. | Other than Permanent (E) | 0 | 0 | 0% | 0 | 0% |
| 3. | Total differently abled employees (D + E) | 8 | 8 | 100% | 0 | 0% |
| DIFFERENTLY ABLED WORKERS | ||||||
| 4. | Permanent (F) | 9 | 9 | 100% | 0 | 0% |
| 5. | Other than Permanent (G) | 0 | 0 | 0% | 0 | 0% |
| 6. | Total differently abled workers (F + G) | 9 | 9 | 100% | 0 | 0% |
21. Participation/Inclusion/Representation of women
| Total (A) | No. and percentage of Females | ||
|---|---|---|---|
| No. (B) | % (B / A) | ||
| Board of Directors | 8 | 1 | 12.5% |
| Key Management Personnel | 3 | 0 | 0% |
22. Turnover rate for permanent employees and workers
(Disclose trends for the past 3 years)
| FY 2023-24 (Turnover rate in current FY) | 2022-23* (Turnover rate in Jan'22 to Mar'23) | 2021** (Turnover rate in previous Year) | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Male | Female | Total | Male | Female | Total | Male | Female | Total | |
| Permanent Employees | 25.99% | 37.78% | 26.38% | 20.55% | 50.76% | 21.59% | 14.36% | 13.64% | 14.34% |
| Permanent Workers | 27.89% | 22.22% | 27.87% | 5.71% | 0.00% | 5.69% | 3.04% | 0.00% | 3.03% |
• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.
** Data disclosed is for Jan 2021 to Dec 2021
23. (a) Names of holding / subsidiary / associate companies / joint ventures
| Sr. No. | Name of the holding / subsidiary / associate companies / joint ventures (A) | Indicate whether holding/ Subsidiary/ Associate/ Joint Venture | % of shares held by listed entity | Does the entity indicated at column A, participate in the Business Responsibility initiatives of the listed entity? (Yes/No) |
|---|---|---|---|---|
| 1. | M.G.T Cements Private Limited | Subsidiary | 100% | No |
| 2. | Chemical Limes Mundwa Private Limited | Subsidiary | 100% | No |
| 3. | Ambuja Concrete North Private Limited | Subsidiary | 100% | No |
| 4. | Ambuja Concrete West Private Limited | Subsidiary | 100% | No |
| 5. | Lotis IFSC Private Limited | Subsidiary | 100% | No |
| 6. | Ambuja Shipping Services Limited | Subsidiary | 100% | No |
| 7. | Foxworth Resources and Minerals Limited (Earlier known as Ambuja Resources Limited) | Subsidiary | 100% | No |
| 8. | Sanghi Industries Limited | Subsidiary | 60.44% | Yes |
| 9. | ACC Limited | Subsidiary | 50.05% | Yes |
| 10. | One India BSC Private Limited | Subsidiary | 50% | |
| 11. | Counto Microfine Products Private Limited | Joint Venture | 50% | No |
| 12. | Wardha Valley Coalfield Private Limited | Joint Operation | 27.27% | No |
24.
- Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No) :Yes
- Turnover (in ₹) : 17,919 crore
- Net worth (in ₹) : 37,007 crore
| Stakeholder group from whom complaint is received | Grievance Redressal Mechanism in Place (Yes/No) (If Yes, then provide web-link for grievance redress policy) | FY 2023-2024 (Current Financial Year) | FY Jan 2022 to Mar 2023* (Previous Financial Year) | ||||
|---|---|---|---|---|---|---|---|
| Number of complaints filed during the year | Number of complaints pending resolution at close of the year | Remarks | Number of complaints filed during the year | Number of complaints pending resolution at close of the year | Remarks | ||
| Communities | Yes | 0 | 0 | 0 | 0 | ||
| Investors (other than shareholders) | Yes | 0 | 0 | 0 | 0 | ||
| Shareholders | Yes | 66 | 0 | 70 | 0 | ||
| Employees and workers | Yes | 7 | 1 | Practicing Open door policy. Grievances heard by HR Head, Plant Head, and at CMO level | 2 | 0 | |
| Customers | Yes | 5 | 2 | 4 | 0 | ||
| Value Chain Partners | Yes | 1 | 1 | 0 | 0 | ||
| Other (any stakeholder) | Yes | 12 | 3 | 14 | 0 | Anonymous complaints | |
* The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.
| S. No. | Material issue identified | Indicate whether risk or opportunity (R/O) | |||
|---|---|---|---|---|---|
| Rationale for identifying the risk / opportunity | In case of risk, approach to adapt or mitigate | Financial implications of the risk or opportunity (Indicate positive or negative implications) | |||
| 1 | Water management | Risk and Opportunity | Risk- Water being a shared resource, it is essential for business to use it in a responsible way. These risks comprise conflicts with local communities and stakeholders over water rights and usage, potential water scarcity or quality issues due to overextraction or pollution, and regulatory constraints on water abstraction permits or discharge standards. Opportunity- By demonstrating commitment to conserving water resources, we can build stronger relationships with local communities and government. This will help us in securing and maintaining social license to operate, especially in water-stressed regions. In future, the company may qualify for government incentives aimed at promoting water conservation and sustainability initiatives | We have been investing in rainwater harvesting initiatives, restoring village ponds, construction of check dams, water conservation at closed mines and groundwater recharge for a long time to mitigate the risk of lack of water. As a result, the company is now water positive | Negative / Positive |
| 2 | Air quality ) | Risk | Exposure to dust, SOx, NOx and other pollutants from cement plants can lead to respiratory issues among employees and nearby communities. This may lead to increased costs associated with healthcare for affected employees, and insurance premiums. The company may also face opposition, protests and even legal restrictions on its operations. | We focus on improving air emissions and the surrounding environment. We monitor the plants’ stack emissions through the Continuous Emission Monitoring System. We work on upgradation of electrostatic precipitations and replacement of damaged bags to control dust emissions. We take primary and secondary measures to control NOx emissions. | Negative |
| 3 | Employees and workers | Opportunity | Circular economy offers great opportunity to lower the use of natural resources and fossil fuels in cement production and reduces carbon emissions. | Positive | |
| 4 | Other (any stakeholder) | Risk and Opportunity | Risk- Climate change poses multiple physical risks like flooding, temperature rise, water stress etc. Emerging and potential regulations may introduce or escalate regulatory risks. These extreme weather events can cause infrastructure damage, may hinder the supply chain network affecting timely delivery of raw materials and finished products. It may also cause power outages and affect the manufacturing processes. Opportunity- Energy cost is a major cost in cement manufacturing. We continuously strive to reduce our specific thermal energy consumption and specific electrical energy consumption to optimise our energy costs. In addition, it is directly related to carbon emissions and by optimising energy consumption, we can lower our carbon emissions. | The Company has approximately 90% of products in its portfolio which are blended products with lower carbon footprint. Further, we are investing more and more in renewal energy and green energy from WHRS. In addition, we have set ambitious targets for Thermal Substitution Rates (TSR) by using alternate fuels. | Negative/ Positive |
| 5 | Biodiversity | Risk and Opportunity | Risk- Land disturbance and habitat fragmentation from operational activities can lead to biodiversity degradation. Opportunity- Restored ecosystems can provide long-term environmental benefits, including enhanced ecosystem services such as water filtration, carbon sequestration, and soil preservation. These benefits not only contribute to global environmental goals but also can have positive economic implications for the company and local communities in the long run. | We adhere to Indian national regulations and are a signatory to the India Business and Biodiversity Initiative (IBBI) of the Confederation of Indian Industry (CII), and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). We assess the impacts on biodiversity and ecosystem services through set KPIs. This helps in conservation of ecosystem. | Negative/ Positive |
| 6 | Sustainable Construction | Opportunity | Intervention of sustainable practices and technologies such as substitute cementitious materials, CO2 capture in the built environment, and efficient concrete use help drive down carbon emissions from cement production and hence help to reduce the carbon footprint. | Positive | |
| 7 | Human Capital Development | Opportunity | Through continuous learning and development and strengthened employee relations, we can mitigate succession planning risks, address skills gaps and ensure continuity of leadership and expertise. It will also help in being competitive in the marketplace and stay ahead of trends. Human Capital development will also contribute to an overall learning culture in the organisation. | Positive | |
| 8 | Diversity and Inclusion | Opportunity | Employee diversity leads to increased creativity and innovation, improved communication and teamwork, and a greater understanding and appreciation of different cultures. Additionally, a diverse workforce can help to attract and retain top talent and can provide a competitive advantage for organisations. | Positive | |
| 9 | Human Rights | Risk and Opportunity | Risk- Concerns related to child/forced labour, discrimination or any other human rights-related aspects within the workforce and value chain may lead to statutory violations which may negatively impact the brand image. Opportunity- Alignment with the human rights principles and procedures safeguard the employees and value chain partners and ensure zero incidents of non-compliance with regards to International and National Human Rights Standards and Regulations | We are committed to respecting and promoting human rights across the value chain by inculcating a human rights policy. The policy is in line with The Universal Declaration of Human Rights, Social Accountability 8000 (SA8000) Standard and International Treaties & Conventions related to Human Rights. | Negative/ Positive |
| 10 | Occupational Health and Safety | Risk and Opportunity | Risk- Failure to protect workers from occupational hazards can result in legal action, fines, and compensation claims against the company. These risks can lead to significant financial liabilities and damage the company's reputation. Also, potential employees may hesitate from joining the company, and current employees may leave if they perceive their health and safety are not adequately protected, leading to challenges in attracting and retaining a skilled workforce. Opportunity- By prioritising the well-being of all employees and workers, the company can enhance its employer brand, making it a more attractive place to work. Employees are more likely to join and stay with a company that prioritises their well-being, leading to lower turnover rates and higher employee satisfaction. | We have developed safety initiatives including competency development, training, audits, inspections, surveys, We Care initiatives, Critical Control Management to prevent unwanted events, and especial crossfunctional teams to drive process safety. Also, we conduct safety audits across our manufacturing sites to ensure that the actions are timely closed and implemented | Negative/ Positive |
| 11 | Community Relations | Opportunity | Uplifting livelihood opportunities improves community relations which is essential for the social license to operate. Also, a healthy community will ensure availability of strong local labour force, if required at any given point of time. | Positive | |
| 12 | Customer Relationship Management | Opportunity | CRM empowers to build a positive customer experience based on relevant, real-time information and customer needs that matters to the business. It would enable data driven decision making, improved customer experience and hence drive growth in business by increasing loyalty and enhancing relations. | Positive | |
| 13 | Corporate Governance and business ethics | Opportunity | Effective governance mechanism in the organisation gives an opportunity of building greater trust among the stakeholders and creates long-term value for them | Positive | |
| 14 | Risk Management | Opportunity | Enhanced Risk awareness and in-place emergency preparedness plans help to better foresee risks that may emerge due to climate change, regulations, and geopolitical developments. This helps to stay one step ahead and ensure business continuity and regulatory resilience. | Positive | |
| 15 | Sustainable Supply Chain | Risk & Opportunity | Risk- Improper usage of resources, human rights violations, non-compliance with Supplier Code of Conduct, zero adoption of sustainable practices by suppliers can adversely impact the environment, social well-being, value chain and brand image. Additionally, it might also lead to cases of regulatory non-compliances and fines. Opportunity- The company can leverage suppliers near operations to reduce costs, for greater control, quicker response and helps in cutting down significant emissions related to transportation. | Supply chain and sourcing process has a direct impact on the environment and communities such as emissions, circular economy, water usage, biodiversity, material usage and human rights. We have taken measures to ensure an optimum supply chain with competent suppliers. | Positive and Negative |
| 16 | Information technology and data privacy | Risk & Opportunity | Risk- Instances of information security breaches could lead to loss of sensitive data of customers including personal information . It could also lead to increased media scrutiny resulting in a loss of stakeholder trust, company reputation and regulatory fines or penalties. Opportunity- In the everevolving landscape of digitalisation and innovation, monitoring and analysis of data in real time would lead to quicker identification and resolution of issues. As a result, this will ensure management of systems and processes more effectively | With increased digitisation, and heavy dependence on technology systems, it has become critical for us to ensure implementation of SOPs and policies, conduction periodic internal and external (third-party) audits and tests to check the resilience of the IT infrastructure from hackers, cyber-attacks, malware etc. | Positive and Negative |