As a responsible corporate, we understand the organization’s responsibility towards environment and society. As we embark on our ESG journey, we believe it is our responsibility to take holistic actions in making Finolex a more resilient, sustainable, and nurturing organization. We strive to build long-lasting relationships with our internal and external stakeholders through continuous engagement to understand their perspectives, needs, and expectations and integrate their responses into our decision-making.

As we stand on the brink of our 42nd year in the industry, we have embarked on our ESG journey to grow holistically as an organization and create value for all our stakeholders. We took our first step in this direction in FY 2021-22 by gaining the ‘Responsible Care’ accreditation from the Indian Chemical Council. Through this, we strive to drive continuous improvement in safe chemicals management and achieve excellence in environmental, health, safety, and security performance. It is our constant endeavour to deliver products and services of the highest quality to our customers while ensuring minimal harm to the environment and society. At Finolex, we remain committed to creating a better today and growing with changing times to create a stronger tomorrow.

Awards & Achievements

2023 - 24

Prestigious Brand
of Asia Awards


Mr. Prakash Chhabria wins Entrepreneur of The Year 2022 Award, at IBEF


Economic Times Rotary CSR Award for Distinguished Service to Society


IndiaCSR Best Innovative CSR Practices in Education


Responsible Care Certification - Indian Chemical Council


World CSR Day Award February 2021


Yuva Unstoppable 2021 Changemaker Award (COVID19 Efforts)


CSR Times Award (Silver) - COVID 19 Efforts


Best Boiler User Award by Government of Maharashtra


Corporate Tycoons (Excellence CSR Award) 2019 - MMF & FIL


ET NOW Rotary CSR Awards - MMF and FIL


Corporate Tycoons (Business Excellence Award in CSR Category) - MMF and FIL


Bluedart Global CSR Excellence and Leadership Awards


Rated "Very Good Safety System" by NSC-India


"Best Safety Practices Award“ by Directorate of Industrial Safety aand Health & NSC


Green Manufacturing Excellence Award - Frost & Sullivan


Supply Chain Enterprise Icon of the Year


National Energy Conservation Award - Ministry of Power - 2009


MEDA first prize for Energy Conservation


Green Tech Environmental Gold Award 2003-04


Prashansa Patra -by NSC India


Industrial Safety Award by NSC Maha Chapter


National Safety Council (NSC)- Maharashtra Chapter awarded


Lowest Accident Frequency Rate Award


Dr. R. J. Rathi Award for Environmental Pollution Control

Our ESG Commitments

Reduce Carbon Footprint
100% electric powered forklifts by 2030 at all the plants
Implement Responsible care program at all the sites by 2025
Conduct Biodiversity study in Ratnagiri plant by 2025
Plantation of 1,00,000* trees by 2025 with regular monitoring of the survival rate of the saplings
Public commitment to no deforestation and publicity available biodiversity policy by 2025
(*increase plantation from present 62,000 to 100,000 nos)
ESG Policy
Publicly available ESG policy by 2022
Establishing an ESG policy framework and monitoring mechanism by 2023
mplementation of an organization-wide ESG Policy by 2023
>95% coverage of ESG awareness / training sessions for eligible employees across the organization by 2023
Attract & Nurture Talent
Maintain employee turnover rate consistently under 10%
Ensure Data Privacy & Security
ISO 27001:2013 certification for information Security Management system
100% of employees to be trained on information security by 2023
Code Of Conduct
>95% compliance with the Employee Code of Conduct through written / digital acknowledgment and regular training of eligible employees by 2023
>95% Compliance of the Third-party Code of Conduct through written / digital acknowledgment and regular training of eligible third party personnel by 2025

A legacy that endures

For us at Finolex, sustainability is not something new. It has been our very essence over the years. Anything we do, has to be done well. Our every action takes into account the larger picture, right now, and into the future. Like the farmers we work for have taught us, the seeds of big ideas we plant today, will only bear fruit in the future. And we have the patience and the will to wait. Whether it is our products, processes, profits, plants, or our parivaar – our family of employees, farmers, dealers, homeowners, plumbers, and the communities we work with – or the environment, our every step keeps them all in mind. We invest in them, in their future, and in our collective future. For us, sustainability is not lip-service. Instead it is nurturing a legacy that endures.

Our Key Focus Areas

Identifying potentially relevant topics to Finolex through external and internal stakeholder consultation
Ranking material topics based on responses from stakeholders (Internal and External)
Identifying & prioritizing material topics based on the weighted average score achieved by each topic
Determining areas for data monitoring & target setting to improve business and ESG performance
Communicating the results to the stakeholders
  • Tax Policy
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  • Anti Bribery and Anti Corruption Policy
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  • Anti Money Laundering Policy
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  • Anti-Trust And Fair Competition Policy
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  • Code of Conduct for Directors and Senior Management and Code of Independent Directors
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  • Employee Code Of Conduct
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  • Environmental, Social And Governance (ESG) Policy Statement
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  • Equal Opportunity Policy Statement
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  • Human Rights Policy
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  • No-Deforestation Policy
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  • Policy on Inclusive and Equitable Development
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  • Policy on Stakeholders Engagement and Inclusiveness
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  • Safety, Health And Environment Policy
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  • Supplier Code Of Conduct
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  • Whistle Blower Policy
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2021 - 2022

Towards the future

We have many more miles to go, and we don't intend to sleep. There are still parched farmlands we yearn to irrigate, still cities we wish to course through, many industries still left to fuel and many millions of lives filled with potential that lie in wait for us to nurture. We also have a planet that needs to be healed and tended to, respected and nourished.

Over these last 40 years, we feel we are just getting started, and the hardest work still lies ahead of us, and that is what fills us with purpose and excitement for the future. The legacy we have built so far has brought together a large, thriving family. It is a legacy that unites. It is a legacy that makes the future bright and filled with possibilities.

Driving Social
Helping Millions of Homes
Helping Millions
of Homes
Preserving Our Environment
Preserving Our
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