A booming decorative paints company embarked on its ESG(Environmental, Social, and Governance) journey by getting creative with waste management. Following the mantra of the 3R (Reduce, Reuse, and Recycle), it turned waste into a useful asset. The company reduced total waste production in FY23 by 2.75% as compared to FY22. Furthermore, hazardous waste was cut short by an impressive 48.21% in FY23.
The emulsions and enamels player’s waste management initiatives in FY23 included systematically tracking of generated waste and its disposal. Tankers were returned to suppliers for reuse, and packaging materials were also reused. Plastic, metal barrels, and other non-hazardous waste were sold to certified third parties as scrap for reuse. From the scrap sales, the company earned Rs 214.54 lakhs in FY23.
In FY23, out of the total waste produced, 74.20% was recycled by the company. Specific waste generation decreased by 16.24% from FY22 to FY23. Also, the waste solvent generated in the process was reused, which saved nearly Rs 60 lakhs in FY23. The specific hazardous waste was reduced to 0.45 kilograms per kiloliter of finished goods in FY23 from 1.03 kilograms per kiloliter of Finished Goods in FY22.
Within the EPR (Extended Producer’s Responsibility) structure, the company disposed of post-consumer packaging materials by collaborating with third-party vendors. In FY23, over 1,957 metric tons of rigid plastic waste was recycled, and 277 metric tons of flexible plastic waste was disposed of.
The waterproof chemicals manufacturer painted its sustainability wall by recycling and reusing waste produced in the operations. With waste turned into a cost-saving resource, this company sets a great example that every small effort contributes to a sustainable world.
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