FY 2023–24 Materiality Assessment

In the financial year 2023–24, ADL conducted a comprehensive materiality assessment in accordance with the Global Reporting Initiative (GRI) 2021 guidelines. Our evaluation considered two critical dimensions:

• Impact Materiality: Assessing the effects of ADL’s operations on the environment, society, and economy.
• Financial Materiality:Understanding how external ESG factors may influence ADL’s financial performance, resilience, and long-term sustainability.
  
  SBTi Commitment
  We are currently in the process of evaluating our readiness for the Science Based Targets initiative (SBTi). Internal discussions and baseline assessments are ongoing to define realistic and measurable targets aligned with SBTi guidelines. We have collected three years of relevant data, and the process for formal commitment and validation is underway.
  
  Renewable Energy
  We have partnered with Prozeal Energy for a group captive solar project, expected to commence operations by October–November 2025. This project is projected to generate approximately 30 megawatts of renewable energy.
  Scope-1 and Scope-2 Emission Targets
  An internal target has been set to reduce Scope-1 and Scope-2 emissions by 20% by 2030, using 2020 as the baseline year. This reduction will be achieved through process optimization, energy efficiency improvements, and increased adoption of renewable energy sources.
  
  
  
  Additional Carbon Emission Reduction Initiatives
  

  • Enhancement of energy efficiency through process upgrades and equipment modernization.
    
  • Optimization and improvement of solvent recovery systems.
    
  • Continuous efforts at the molecular level, including:
    
  • Monitoring and optimizing reaction stoichiometry.
    
  • Reducing vent losses via advanced absorption and desorption techniques.
    
  • Improving reaction efficiency and minimizing by-product formation to lower overall carbon footprint.