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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.

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
  • Tax Policy
  • Anti Bribery and Anti Corruption Policy
  • Anti Money Laundering Policy
  • Anti-Trust And Fair Competition Policy
  • Code of Conduct for Directors and Senior Management and Code of Independent Directors
  • Employee Code Of Conduct
  • Environmental, Social And Governance (ESG) Policy Statement
  • Equal Opportunity Policy Statement
  • Human Rights Policy
  • No-Deforestation Policy
  • Policy on Inclusive and Equitable Development
  • Policy on Stakeholders Engagement and Inclusiveness
  • Safety, Health And Environment Policy
  • Supplier Code Of Conduct
  • Whistle Blower Policy

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2021 - 2022

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
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