Introduction

As a responsible corporate entity, we recognise our duty toward the environment, our people, and the communities we serve. As we advance on our Environmental, Social, and Governance (ESG) journey, we remain committed to taking holistic and meaningful actions that strengthen Finolex’s resilience, sustainability, and long‑term value creation.

We believe in fostering enduring relationships with our internal and external stakeholders through continuous engagement, enabling us to understand their expectations and integrate their insights into our strategic decision‑making.

In our 45th year in the industry, we reaffirm our commitment to sustainable growth and responsible operations. Our ESG journey formally began in FY 2021–22 with the prestigious ‘Responsible Care’ accreditation awarded by the Indian Chemical Council—an achievement that underscores our dedication to continuous improvement in safe chemical management and excellence across environmental, health, safety, and security performance.

Our endeavor is to consistently deliver high‑quality products and services while minimising our environmental footprint and safeguarding societal well‑being. At Finolex, we are committed to shaping a better today and evolving with the needs of a changing world to build a stronger, more sustainable tomorrow.

Awards & Achievements

2024

Best Boiler user 2024 – 3rd Prize

2022

Best Boiler user 2022 – 1st Prize

2020

Best Boiler user 2020 – 1st Prize

2017

NSCI safety rating system - 4 Traingles

2015

Best safety Practices Award-2015" (Winner) This award has been given in Petrochemical Industrial Group at Maharashtra state level, for having healthy workplace, strong management leadership and active worker participation in safety & health and benefits of innovative ideas by mutual collaboration of management and employees.

2013

SURAKSHA PURASHKAR Mfg Sector Group B – (Manufacturing Chemicals & chemical product) For Developing & Implementing very Effective Management Systems & Procedures and achieving very good performance in OSH-For Assessment Period 2010 to 2012

2003

Prashansa Patra - For Developing & Implementing very Effective Management Systems & Procedures and achieving very good performance in OSH – for the Assessment Period 2000 to 2002

2002

Prashansa Patra - For Developing & Implementing very Effective Management Systems & Procedures and achieving very good performance in OSH – for the Assessment Period 1999 to 2001

2002

Meritorious Performance in Industrial Safety

2001

Lowest Accident Frequency Rate Award

2000

Lowest Accident Frequency Rate Award

1999

Lowest Accident Frequency Rate Award

Our ESG Commitments

Environmental
Reduce carbon footprint
Use 100% electric powered forklifts at all 4 plants by 2030.
Ensure at least 15% of the electricity we buy comes from renewable sources by 2030.
Implement the Responsible Care programme at all sites by 2025. This programme is a global commitment to safe and eco-friendly chemical management.
Water conservation
Make 1 site water neutral by 2030. This means the plant will replenish as much water as it uses, ensuring we do not deplete local water sources.
Biodiversity
Conduct a biodiversity study at our Ratnagiri plant by 2025 to understand and protect local nature.
Increase our tree plantation from 62,000 to 1,00,000 trees by 2025, while regularly monitoring the health and survival of all saplings.
Make a public commitment to zero deforestation and share our biodiversity policy with the public by 2025.
Social
ESG Policy
Publicly available ESG policy by 2022
Establishing an ESG policy framework and monitoring mechanism by 2023
Implementation of an organisation-wide ESG policy by 2023
>95% coverage of ESG awareness / training sessions for eligible employees across the organisation by 2027
Attract and nurture talent
Maintain employee turnover rate consistently under 15%. This means we focus on keeping our team members happy and engaged so they choose to grow their careers with us.
Governance
Ensure data privacy and security
ISO 27001:2013 certification for information security management system
100% of employees to be trained on information security by 2027
Code of conduct
>95% compliance with the employee code of conduct through written/digital acknowledgment and regular training of eligible employees by 2027
>95% compliance of the third-party code of conduct through written/digital acknowledgment and regular training of eligible employees by 2027

A legacy that endures

At Finolex, sustainability is not a new chapter—it is the story that has shaped us from the very beginning. It lives in our roots, flows through our actions, and guides every step we take. For us, anything worth doing must be done with intention, care, and a quiet reverence.

The farmers we walk beside have been our greatest teachers. They remind us that every great harvest begins with a single seed—tucked patiently into the earth, nurtured with faith, and left to time. The ideas we plant today will bloom in seasons yet to come. And we are willing to wait, to nourish, to believe.

Our commitment extends to everything we touch—our products, processes, plants, profits, and our parivaar - the employees, farmers, dealers, plumbers, homeowners, and communities who journey with us. They are the heart of our purpose, and the future we work toward. Every decision is made with them in mind, every step taken with their wellbeing held gently at the centre.

Sustainability, for us, is not a promise spoken—it is a promise lived.

It is stewardship and responsibility. It is patience and progress. It is the art of caring for tomorrow while shaping today.

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
Policies
  • Information Security Policy
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  • Risk Management Policy
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  • Biodiversity Policy
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  • 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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  • IMS Policy
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  • Supplier Code Of Conduct
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  • Whistle Blower Policy
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Towards the future

Our work is far from finished, and our momentum only continues to grow.

There are still parched fields waiting for the gift of water, cities eager for the lifelines we create, and industries yet to be powered. Millions of lives are filled with promise, each one waiting for the right support to help it flourish.

Beyond this, there is our planet—worthy of healing, protection, and gentle stewardship. It is a world that asks us not only to build, but to care.

Over the last forty-five years, we have learned much and grown into a strong, united family. The legacy we have created has brought people together, strengthened communities, and lit countless pathways forward. It is what binds us and brightens the horizon.

As we move toward the future, we carry the unwavering belief that the best is yet to unfold.

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