Section A
General Disclosures
Our 2030 sustainability commitments enable us to achieve tangible outcomes and drive transformative change. By seamlessly integrating social and environmental considerations into our operations and decisions, we are actively shaping a better, more sustainable tomorrow.
Message from Our
Leadership
“Sustainability is in our DNA at ACC. Deeply committed to environmental, social, and governance (ESG) principles, everything we do is guided by a focus on a sustainable future. With our ambitious goal to achieve net zero emissions by 2050, we have committed to combat deforestation and preserve our precious natural resources by planting 8.3 million trees by 2030. Our efforts have garnered recognition from industry leaders, as we have been honoured as one of ‘India’s Top 50 Most Sustainable Companies’ across multiple industries by BW Businessworld. This recognition serves as a testament to our steadfast commitment to sustainable practices and responsible business operations.”
Ajay Kapur Whole Time Director and CEO
2,202
Employees
1,682
Workers
1.4 million
CSR beneficiaries
I. Details of the listed
entity
| 1 | Corporate Identity Number (CIN) of the Listed Entity | L26940GJ1936PLC149771 |
|---|---|---|
| 2 | Name of the listed entity | ACC Limited |
| 3 | Year of incorporation | 1936 |
| 4 | Registered office address | Adani Corporate House, Shantigram, Near Vaishnodevi Circle, S.G. Highway, Ahmedabad – 382421, Gujarat, India. |
| 5 | Corporate address | Adani Corporate House, Shantigram, Near Vaishnodevi Circle, S.G. Highway, Ahmedabad – 382421, Gujarat, India. |
| 6 | acc-investorsupport@adani.com | |
| 7 | Telephone | +91 792 555 5555 |
| 8 | Website | www.acclimited.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 |
| 11 | Paid-up Capital | ₹187.79 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, Gujarat, India. Contact: +91 982 538 6934 Email: 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 | Limited Assurance |
II. Products/services
16. Details of business activities (accounting for 90% of the turnover)
| Sr. No | Description of the main activity | Description of business activity | Entity turnover (%) |
|---|---|---|---|
| 1. | Manufacturing | Clinker, Cement | 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% |
III. Operations
18. Number of locations where plants and/or operations/offices of the entity are situated:
| Location | Number of Plants | Number of Offices | Total |
|---|---|---|---|
| National | 17 | 35 | 52 |
| International | 0 | 0 | 0 |
19. Markets served by the entity:
a. Number of locations
| Locations | Number |
|---|---|
| National (No. of States) | Presence in 27 states and 570+ districts (~80%) |
| 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
ACC Limited is India’s foremost manufacturer of cement and ready mixed concrete with a countrywide network of factories and marketing offices. Its customer includes its channel partners (dealers and retailers), individual home builder, contractors, big housing contractors, Infrastructure companies and government department.
IV. Employees
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) | 2,171 | 2,036 | 93.78% | 135 | 6.22% |
| 2. | Other than permanent (E) | 31 | 27 | 87.10% | 4 | 12.90% |
| 3 | Total employees (D + E) | 2,202 | 2,063 | 93.69% | 139 | 6.31% |
| Workers | ||||||
| 4. | Permanent (F) | 1,681 | 1,647 | 97.98% | 34 | 2.02% |
| 5. | Other than permanent (G) | 1 | 0 | 0.00% | 1 | 100.00% |
| 6 | Total workers (F + G) | 1,682 | 1,647 | 97.92% | 35 | 2.08% |
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 | 100.00% | 0 | 0.00% |
| 2. | Other than permanent (E) | 0 | 0 | 0.00% | 0 | 0.00% |
|
3.
|
Total differently abled employees (D +
E)
|
8
|
8
|
100.00%
|
0
|
0.00%
|
| Differently Abled Workers | ||||||
| 4. | Permanent (F) | 5 | 5 | 100.00% | 0 | 0.00% |
| 5. | Other than permanent (G) | 0 | 0 | 0.00% | 0 | 0.00% |
|
6.
|
Total differently abled workers (F +
G)
|
5
|
5
|
100.00%
|
0
|
0.00%
|
21. Participation/Inclusion/Representation of women
| Total(A) | No. and percentage of females | ||
|---|---|---|---|
| No. (B) | % (B/A) | ||
| Board of Directors | 8 | 1 | 12.50% |
| 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) |
FY
2022-23* (Turnover rate in January 2022 to March 2023) |
FY
2021** (Turnover rate in previous Year) |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| Male | Female | Total | Male | Female | Total | Male | Female | Total | |
| Permanent Employees | 28.75% | 33.42% |
29.04%
|
23.53% | 29.09% |
23.89%
|
15.90% | 20.80% |
16.20%
|
| Permanent workers | 20.30% | 14.93% |
20.20%
|
7.23% | 0.00% |
7.10%
|
12.45% | 9.41% |
12.40%
|
* The Company had changed its financial year end from December to March in FY 23. Therefore, the figure for FY 23 is for 15 months
**Data disclosed is for January 2021 to December 2021.
V. Holding, Subsidiary and
Associate Companies (including joint ventures)
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. | ACC Minerals Resource Limited | Subsidiary | 100% | No |
| 2. | Lucky Minmat Limited | Subsidiary | 100% | No |
| 3. | Singhania Minerals Private Limited | Subsidiary | 100% | No |
| 4. | ACC Concrete South Limited | Subsidiary | 100% | No |
| 5. | ACC Concrete West Limited | Subsidiary | 100% | No |
| 6. | Asian Concretes and Cements Private Limited | Subsidiary | 100% | No |
| 7. | Asian Fine Cements Private Limited | Subsidiary | 100% | No |
| 8. | Bulk Cements Corporation (India) Limited | Subsidiary | 94.65% | No |
| 9. | OneIndia BSC Private Limited | Joint Venture | 50% | No |
| 10. | MP AMRL (Bicharpur) Coal Company Limited | Joint Venture | 49% | No |
| 11. | MP AMRL (Semaria) Coal Company Limited | Joint Venture | 49% | No |
| 12. | MP AMRL (Marki Barka) Coal Company Limited | Joint Venture | 49% | No |
| 13. | MP AMRL(Morga) Coal Company Limited | Joint Venture | 49% | No |
| 14. | Aakaash Manufacturing Company Private Limited | Joint Venture | 40% | No |
| 15. | Alcon Cement Company Private Limited | Associate | 40% | No |
VI. CSR Details
24. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No):
Yes
(ii) Turnover (in C) : ₹ 19,952 crore
(iii) Net worth (in C) : ₹ 16,022 crore
VII. Transparency and
Disclosures Compliances
25. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:
| 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
2023-24 (Current Financial Year) |
FY January 2022
to March 2023* (Previous Financial Year) |
||||
|---|---|---|---|---|---|---|---|
| No. of complaints filed during the year | No. of complaints pending resolution at close of the year | Remarks | No. of complaints filed during the year | No. of complaints pending resolution at close of the year | Remarks | ||
| Communities |
Yes (https://www. adanifoundation.org/ Contact-Us) |
0 | 0 | 30 | 0 | ||
| Investors (other than shareholders) |
Yes (acc-investorsupport@ adani.com) |
0 | 0 | 0 | 0 | All complaints were closed | |
| Shareholders |
Yes (acc-investorsupport@ adani.com) |
44 | 3 | 40 | 0 | ||
| Employees and workers |
Yes (https://www.acclimited. com/assets/new/pdf/ Whistle%20Blower%20 Policy%20ACC.pdf) |
11 | 5 | Practicing Open door policy. Grievance are heard by HR Head and Plant Head and at CMO level | 3 | 0 | |
| Customers |
Yes (acchelp@adani.com) |
19 | 8 | Trade Violation | 1 | 0 | Trade violation |
| Value chain partners |
Yes (https://www.acclimited. com/assets/new/pdf/ Supplier%20Code%20 of%20Conduct.pdf) |
3 | 2 | Bribery, trade violation, conflict of interest | 9 | 0 | Bribery, trade violation, conflict of interest |
| Other (please specify) |
Yes (https://www.acclimited. com/contact-us) |
27 | 13 | 27 | 3 | ||
* The Company had changed its financial year end from December to March in FY 23. Therefore, the figure for FY 23 is for 15 months.
26. Overview of the entity’s material responsible business conduct issues
Please indicate material responsible business conduct and sustainability issues pertaining to environmental and social matters that present a risk or an opportunity to your business, rationale for identifying the same, approach to adapt or mitigate the risk along-with its financial implications, as per the following format
| Sr. 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 over-extraction 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 | Circular Economy | 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 | Climate and Energy | 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 wellbeing, 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 cross-functional 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, noncompliance
with Supplier Code
of Conduct, zero adoption of
sustainable practices by suppliers can
adversely impact the environment,
social wellbeing, value chain and
brand image. Additionally, it might
also lead to cases of regulatory noncompliances
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. | Negative/Positive |
| 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 ever-evolving 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 |