We have seen that all sustainability initiatives result in beautiful outcomes. They are truly aligned to the environment and pressing needs of the society and hence they are bound to be profitable for business.” Great companies work to make money, of course, but in their choices of how to do so, they think about building enduring institutions. They invest in the future while being aware of the need to build people and society. Rubamin has found its strength in its core purpose – ‘The joy of creating an institution’ and is committed to it in spirit and in actions.
Climate change is for real, and every person will have to contribute in a meaningful way to ward off the dangers presented by this man-made crisis. Realising the need for action the company has brought sustainability at the core of all its operations and decision-making process.
The year 2021-22 was a stellar year for the company from financial, growth, people, and sustainability point of view. We embarked on recruiting 80 new team members to build the right combination of skills and capabilities for delivering our goals in the coming five years.
To ensure that our efforts on sustainability are focused and impactful we have decided to present this first Sustainability Report for the year 2021-22. Additionally, we have decided to declare a comprehensive ESG score which makes our efforts compatible and benchmark to the best in the industry.
At Rubamin safety has always come first but to ensure that our factories practice health & safety measures in line with the international benchmarks we have engaged DuPont Safety Systems (DSS) who are globally considered a hallmark in industrial safety systems.
To ensure that our efforts in sustainability are calibrated with the need of the global community we are reviewing the processes and framework needed for implementation of Science Based Target Initiative (SBTI) to bring Rubamin in line with the top 2000 global companies whose efforts were aligned to the common objective of 1.5°C set by the international bodies.
One of the initiatives that we took last year was the creation of a massive 100,000 KL lake inside the factory premises for rainwater harvesting. In the Financial Year 2022-23 this lake will provide process water and reduce dependence on Narmada river-water by over 40%. The company will treat this initiative as a pilot and if found successful it will pave the way for Zero River Water status in the years to come.
We have seen that all sustainability initiatives result in beautiful outcomes. They are truly aligned to the environment and pressing need of the society and hence they are bound to be profitable for business. Even if some initiative appears not to have the returns desired by the business, when you look at the combined impact of all such initiatives you will realise that they are delivering extraordinary value.
I extend my thanks to our customers and partners for the trust they have reposed in us for managing the end-of-life impact of their products and for valuing the contribution made by our recycling facilities to their business and social objectives.
We look forward to your continued support.
Chairman & Managing Director