Growing Together with Sustainability

National, February, 2023:Greenply Industries Limited, one of India’s largest interior infrastructure brands with over 30 years of experience in manufacturing a comprehensive range of plywood, block boards, decorative veneers, flush doors, and other allied products, has yet again taken a leadership role by releasing itsfirst Sustainability Report.

The report has been developed referring to the guidance underthe Global Reporting Initiative (GRI) Standards, highlightingthe brand’ssustainability journeythroughits initiative ‘ESG360’. This is the first sustainability report released by any brand in the Indian wood panel industry, marking a dynamic change in this sector.

As a part of its ESG journey, Greenply will be strengthening its systems and processes in order to generate data and track progress against key performance indicators based on the material topics. Going forward, Greenply will be reporting across the six capitals as per the Value Reporting Foundation which includes manufacturing capital, natural capital, social capital, intellectual capital, financial capital and human capital.

The six capitals model will provide the company with a balanced approach that will not only improve its investment decision-making processes, but also integrate Sustainable Development as a behavior and an aspirational set of goals for the brand.

Speaking on the report launch, Mr. Manoj Tulsian, Joint Managing Director & CEO, Greenply Industries Ltd said, “Sustainability has been embedded in our roots over the years. We take this philosophy ahead as part of our core strategy as we embark on a formal journey with ESG initiative while we grow responsibly.

With ‘ESG360’, Greenply has already started cultivating a business strategy that confers due respect to people and the planet. We are very optimistic that this sustainability report is a foundation stone for all our endeavors towards transforming into a progressively sustainable and resilient organization in the years to come.”

Led by a sustainability-oriented approach, Greenply has been undertaking extensive plantation activities over the past several decadesleading to responsible procurement of raw materials.Besides environmental protection, the plantation activity helps maintain the financial viability of the ecosystemas it generates employment for the local inhabitants too.

Greenply has also attained the FSC® – FM (Forest Management) Certification from the Forest Stewardship Council (FSC®) for its sustainable plantation unit located in Tizit, Nagaland, and is the first company to have successfully achieved this certification in the interior infrastructure segment in India. To date, Greenply has planted around 19.5 million saplings covering an area nearly of 24,500 acres of plantation.

Greenply strives to be a net zero-waste company.The Company consumes all the waste products as fuel in the boilers, for example: wood chips formed during the plywood manufacturing process are used for energy generation. Even the wastewater from the production is channeled into the reservoirs that provide water for sprinklers, helpingto replenish the ground water table.Greenply has been undertaking activities to reduce emissions and move towards renewable energy generation.

Rooftop Solar panels are installed at all the manufacturing facilities for the generation of green energy. Additionally, electric vehicles and EV forklift are deployed for inhousetransportation needs.The company is the first one in the wood & panel industry to introduce a range of Zero Emission (E-0) products keeping in mind the health interest of its consumers by reducing formaldehyde emission to negligible or equal to zero, thus safeguarding the indoor air quality.

About Greenply Industries Limited:
Greenply Industries Limited (GIL), is India’s leading interior infrastructure company into the manufacturing and marketing of Plywoods, Block board, Flush doors, Decorative Veneers, PVC and other allied products. The company has widespread presence in over 900 cities, towns, and villages across 28 states and 6 union territories, serviced through a well-entrenched distribution network.

Greenply is the first in the wood & panel industry to have successfully acquired the FSC® – FM (Forest Management) Certification from Forest Stewardship Council (FSC®) for its plantations in Tizit, Nagaland. This certification addresses our aim to maintain ecological harmony and provides an assurance to consumers that the products they purchase is sourced sustainably.

Keeping the consumer health & well-being in mind, Greenply became India’s first to introduce Zero Emission (E-0) products to ensure the plywood meet the international emission standards set by CARB & EPA keeping the indoor air quality safe for the occupants and the craftsmen of interiors.

The company has always been actively driving product innovations, from introducing the 4 Press Technology and Penta 5 Tech to offer defect free products to launching Virashield to address the need to fight virus and bacteria for safe health and now the latest information to offer health safe products through the E0 innovation.