JK Cement Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2024-25, which forms part of its Integrated Annual Report.
Key highlights from the report include:
- For FY 2024-25, the company reported a Turnover of ₹11,093 crore and a Net Worth of ₹6,065 crore.
- JK Cement's core business is 100% cement and related products, with Grey Cement contributing 81% and White Cement & Wall Putty 19% of the total turnover.
- As of FY 2024-25, the company has 6,389 employees (4,772 permanent and 1,617 other than permanent) and 5,403 workers (82 permanent and 5,321 other than permanent).
- The company's policies are formulated in accordance with established principles and frameworks such as UNGC Guidelines, UN-SDGs, GRI Standards, CDP Climate & Water, SBTi, TCFD, and IIRC. All policies are aligned with international standards including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, and ISO 27001:2022.
- JK Cement has set specific sustainability targets for 2030, including:
- Absolute Gross GHG Scope-1 & 2 Target: 532 kg CO2/t cementitious material (SBTi).
- Net GHG Scope-1 Target: 465 kg CO2/t cementitious material (GCCA).
- Green Power Mix Target: 75%.
- Water positivity: 5X (Times).
- Diversity and inclusion: 5% women.
- Training: 20 hours training per employee.
- Performance against these targets for FY 2024-25 shows: Absolute Gross GHG Scope-1 & 2 at 565 kg CO2/t, Net GHG Scope-1 at 517 kg CO2/t, Green Power Mix at 51%, Water positivity at 4.7X, 4.2% women in diversity and inclusion, and 20.5 hours of training per employee.
- The company is 6 times plastic negative, having co-processed 165 kilo tonnes of plastic waste as Alternative Fuel and Raw Material (AFR) in FY 2024-25.
- JK Cement has implemented procedures for sustainable sourcing and conducted Life Cycle Assessments (LCA) for its products.
- The company provides comprehensive well-being measures for employees and workers, including health insurance, accident insurance, maternity benefits, paternity benefits, and day care facilities, with a spending of 0.24% of total revenue on these measures in FY 2024-25.
- Workplaces are accessible to differently-abled employees and workers, and the company has an equal opportunity policy.
- A robust Grievance Redressal Process is in place for all categories of employees and workers.
- In FY 2024-25, 100% of employees and workers received health and safety training, while 71% of employees and 62% of workers received skill upgradation training.
- An occupational health and safety management system is implemented across all manufacturing plants and offices, certified to ISO 45001:2018.