Tarsons Products Limited is one of the leading plastic manufacturing and trading companies and has discharged its Business Responsibility and Sustainability Report for the financial year 2023-24, thus showcasing major ESG initiatives taken by the company. The report dated September 3, 2024, underlines continued commitment towards sustainability, employee welfare, and safety, while stating how the company is striving to improve its environmental compliance.
Focus on ESG and Export Revenue
The rationale for choosing Tarsons Products Limited is that it holds ISO 9001 and ISO 13485 certifications, which means quality management and safety of medical devices are under strict control. It elaborates on the performance of the company based on ESG areas with a strong emphasis on sustainability and responsible corporate governance. The financial notable achievement of this report states that 100% of its revenue was generated by manufacturing and trading plastic products, and 30% of the turnover arose from exports, depicting the global reach of the company.
Employee Safety and Corrective Measures
Tarsons has designed a few programs to ensure employee safety at their workplaces, particularly in hazardous working conditions. The employees are provided with PPE like earplugs, safety belts, gloves, and masks. A proper health and safety management system was established within the company, involving systematic safety inspections, an on-site emergency plan, and training in fire drills. The company has also installed CCTV surveillance at strategic locations to ensure further safety.
Despite all such efforts, the report states that Tarsons had safety-related incidents in the past for which these corrective actions are underway. Such actions come under the broad commitment to employee welfare that the company has aimed at making sure that all its staff members operate in a safe and protected environment.
Environmental conservation efforts
Initiatives at the company regarding environmental conservation are one of the critical components of the report for 2023-24. It has been a priority at Tarsons to conserve water through direct consumption reduction, water reuse, and recycling programs. Water stewardship has been a point of focus, and the company is pursuing active methods of reducing its footprint vis-à-vis the environment.
Besides the conservation of water, Tarsons has laid considerable emphasis on waste management. An environment management system has been designed by the company to scientifically classify and dispose of some waste generated under various categories, such as office waste, plastic waste, and electronic waste. Similarly, Parsons has teamed up with third-party vendors dealing with handling waste material in a safe and environmentally friendly manner, ensuring higher scope in the future for approved vendors to facilitate reusing and recycling.
Compliance Challenges
Although this report underlines the progress made by the company on many fronts, it also outlines the areas that need improvement: Tarsons is not in compliance with some of the environmental laws and regulations in India. The response to some of the regulations in the report is “NA,” meaning not applicable. Though this report does not detail any specifics concerning non-compliance, no penalties or corrective actions have been reported about these.
Long-term ESG Goals Tarsons continues to pursue better performance of ESG over the medium and long term through the improvement of its sustainability initiatives. Besides this, the company has framed several policies, such as the EHS-Environment, Health, and Safety-Policy and the Environment Policy, which would help target pollution control while enhancing its sustainability. These policies indicate increasing awareness at Tarsons concerning its responsibility towards the environment as well as society.
The report underlines a long-term view of net-zero carbon emissions by 2050. This ambition is supported by continuous striving for the reduction of carbon footprints at all levels of operation, promotion of environmental education, and transparency concerning the progress on ESG indicators towards stakeholders.
Conclusion
The Tarsons Products Limited BRSR w.r.t. 2023-24 reflects the commitment the company is driving towards sustainability, inclusive of the welfare and safety of its employees. Indeed, the challenges persist, especially regarding environmental compliance, but the company has set corrective measures and long-term ESG objectives. This ongoing trend in water conservation, waste management, and ensuring employees’ safety is a step toward a more responsible and sustainable operation.
Source: BRSR
Credit: Tarsons Products Limited