Sustainability is an integral part of who we are as a Company and how we do business. It’s not just the products we create; but our alignment with generally accepted principles on Environment, Social Responsibility and Governance. Finolex pays utmost attention to energy and resource conservation. Be it energy saving or optimization, we keep working towards the overall goal of sustainability. Our approach has been recognized in the past, both at the State and National levels, through various awards.
Best Safety Practices Award 2015 – National Safety Council
Green Manufacturing Excellence Award 2014: Certificate of Merit, Believers category from Frost & Sullivan.
Water Company of the Year Award by the National CSR Leadership Congress & Awards
Bluedart Global CSR Excellence and Leadership Award for “Support & Improvement in Quality of Education”
At Finolex, we respect, protect, and make efforts to maintain the ecological balance. Environment protection is an integral part of all our activities. An environment management cell operates to monitor & control the environment parameters at all sites through regular audits which are reviewed by the management. Our Ratnagiri Plant is ISO 14001:2015 certified by TUV, Germany, and similar guidelines are in operation for all other plants. Our polymer product replaces the need for metals, protects the surfaces from corrosion, and provides a clean corrosion free, energy efficient and durable water transportation system.
Our PVC resin plant operates in a closed system with computerized control. No untreated uncontrolled emissions are released in the environment. Stack gases and chimney vents are monitored regularly by independent agencies of repute. Flue gas from power plant, stack as well as aqueous effluent are equipped with online monitoring systems connected directly to the State Pollution Control Board servers. Ambient air quality is monitored as per national standards. Air samples at various locations are collected continuously throughout the year following best practices.
Finolex has built a dam on a river Thorli, 7 km away from our Ratnagiri plant. This dam has resulted in recovering a rain water runoff which would have otherwise flown off to sea. It has helped in increasing ground water table in the surrounding area.
Finolex has built two large capacity surface water reservoirs lined with geomembrane at our plant in Ratnagiri with capacity of 3.0 lakh cubic meter each. Reservoirs use the natural terrain aiding maximum harvesting of rain water.
Out of 3000 cubic meter aqueous effluent generated every day at Ratnagiri, close to 50% effluent is treated to boiler feed water quality and reused in the plant.
Remaining effluent is fully treated to meet Maharashtra Pollution Control Board norms in our technologically advanced effluent treatment plants with primary, secondary and tertiary treatment facilities. Treated water is then used for irrigating our plantations spread over 150 acres of the green corridor within plant premises.
Finolex has adopted principle of zero liquid effluent discharge at its facilities. We ensure no effluent is allowed to be released outside our plant untreated. Close monitoring is done through round the clock vigilance check at the plant.
An old barren land which existed at plant site before 1990 has been transformed into a lush green belt of today. More than 50,000 trees of various species including mango, cashew, coconut, Acacia and so on are planted in an area spread over 150 acres.
Finolex is committed to world class solid waste management practices at its plant. All hazardous waste is disposed through authorized hazardous waste disposal facility at Mumbai Waste Management in Taloja. Electronic waste is disposed through Eco Recycling Limited, a Maharashtra Pollution Control Board approved facility.
Compostable canteen waste is processed through machines which convert waste food to organic manure. Green garbage is crushed and converted to pellets used in our canteens as fuel.
We minimize generation of plastic waste as a policy. All plastic waste is fully segregated and recycled.
Plants ensure that noise levels are maintained within levels prescribed by respective state authorities. Noise is monitored at various locations in the plant. In high noise area, such as compressor and blower houses, HSE guidelines ensure wearing ear protection (ear muffs and ear plugs) as a mandatory requirement.
Raw material and chemicals consumption is very closely monitored and losses are kept at minimum. Finolex consumption figures are comparative to similar industry benchmark worldwide.
We have taken up a drive to replace our lightings with power saving LEDs as well as exploring possibility of installing solar panels for renewal energy generation.
Employee health and wellbeing holds paramount importance at Finolex. This journey starts with the pre-employment medical examination of all new joinees which includes General Examination, Hemogram, liver function test, Blood Sugar Level monitoring, etc.
We generally follow an annual calendar to manage employee wellbeing. Latest diagnostic tests are available based on the profile of the employees with doctor consultation. Wellbeing is tracked at our Occupational Health Centre. The Ratnagiri center is equipped with an ambulance, 6 beds and round the clock services of trained male nurses. Doctors are available round the clock.
For emergency preparedness, mock drills and fire drills are carried out regularly. Finolex Fire & safety department is equipped with latest firefighting equipment and personal protective equipment. Manual call points (MCP) are located in different zones for easy accessibility. Three fully equipped fire tenders are available round the clock to take care of any eventuality. Pressurized fire water network runs all around our premises. Suitable fire water pumps are available for deployment and start successively based on header pressure drop. Onsite Emergency Management Plan is practiced regularly.
We believe in inclusive growth and for Finolex, it means that communities living in surrounding areas grow and prosper. In our manufacturing plant at Ratnagiri with 600+ employees, 70% of our employment comes from local areas covering Ratnagiri District and Konkan region.
A lot of indirect employment is generated as a positive rub-off to our activities leading to general prosperity in the neighborhood.
Operating the 2nd largest PVC manufacturing plant in the country with safety and efficiency calls for a competent and capable workforce. That’s why it is of utmost importance to Finolex that its manpower is educated and competent. To ensure this, we identify key technical capability gaps and fill those gaps with the right training inputs through internal / external training Programs.
Our CSR activities are focused on education, health, community development and water supply. Finolex operates an Engineering College in Ratnagiri and an English Medium School near the plant site. We also support nearby schools through financial assistance.
Promoting basic health care in and around our facilities, we conduct health camps, operate mammography centers, physiotherapy centers for cerebral palsy, etc.
Various community development schemes have been established for surrounding villages such as, skill development for ladies, donations for construction of temples, etc. We contribute to the Rashtriya Gramin Pey Jal Yojana and make provision for clean drinking water in our neighborhood.
Our corporate governance is a reflection of our value system encompassing our culture, policies, and relationships with our stakeholders. Integrity and transparency are key to our corporate governance practices to ensure that we gain and retain the trust of our stakeholders at all times.
Our corporate governance framework ensures that we make timely disclosures and share accurate information regarding our financials and performance, as well as disclosures related to the leadership and governance of Finolex. We believe that an active, well-informed and independent board is necessary to ensure the highest standards of corporate governance. At Finolex, the Board of Directors is at the core of our corporate governance practice. The Board oversees the Management’s functions and protects the long-term interests of our stakeholders.