Please find enclosed Business Responsibility and Sustainability Report for the FY 2024-25
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers Ltd (MCFL) has submitted its annual Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, filed under SEBI LODR Regulation 34(2)(f). The company is primarily a fertilizer manufacturer, contributing 96.89% of its turnover, with standalone turnover of around INR 3,368 crore and net worth of about INR 1,064 crore. Key ESG highlights include 100% renewable energy for non-urea operations, achievement of Zero Liquid Discharge, zero fatalities or reportable safety incidents, zero anti-corruption or bribery cases, and no regulatory fines or penalties. The company has set long-term targets such as a 30% reduction in Scope 1 and 2 GHG emissions by 2030 and at least 4% women representation in the workforce by 2030. Green energy share rose to 24.84% of total energy consumption, up from 22.83% in the previous year.
This is a routine, mandatory regulatory disclosure and is unlikely to cause any direct stock price movement. However, the strong ESG indicators — zero incidents, renewable energy adoption, no penalties, and clear sustainability targets — may appeal to ESG-focused investors and strengthen the company's reputation over time.