Over the decade, we commit ourselves to doing our bit in solving humanity’s biggest challenges like global warming, social inequity, diversity and inclusion in the workforce, and the health and well being of people.
The theme of our tenth sustainability report, “the past decade and future of sustainability at Galaxy”, celebrates our eﬀ orts of the last decade and the commitments for the next decade of sustainable growth driven by innovations, technology and collaboration with all our stakeholders.
It is our pleasure to present 10th Sustainability Report in which we share Galaxy’s sustainability performance. This report has been prepared in accordance with the GRI Standards: Core option. The GRI content index is at the end of the report. The report covers sustainability data and information for the identiﬁed material topics considering the reporting boundary as the operations in India, Egypt and USA.
Our material topics have been identiﬁed through survey and stakeholder engagement process as described in chapter Stakeholder Engagement and Material Issues.
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“The year 2020-21 has reignited the importance of 'Sustainable Growth' growth that is consistent, balanced and replicable over the years.”
5P's: Pandemic & Pressures countered by Persevering People and Persistent Partnerships which ensured we deliver a near Perfect Performance!
I am pleased to share our 10th Sustainability Report for Financial Year 2020-21 which shows how we have embedded the principles of sustainable growth in business practices over a decade.Read More
Consolidated Revenue From
Operations - INR 2784.06 Crore
PAT Volume Growth - 5.3%
PAT INR - 302 Crore
Global Market Presence - 80+ Countries
Water harvesting beyond the fence- (cumulative) - 680.4 million litres
Total Beneficiaries cumulative - 4.3+ lakhs
CSR Spend - INR 4.10 Crore
6 Patents Granted
hours (Galaxy Group Level)
for Taloja Manufacturing Unit
Silver- GreenCo Rating
Manufacturing Units in India
Zero Liquid Discharge (ZLD) units
EcoVadis - Gold Level
I am pleased to share our 10th Sustainability Report for Financial Year 2020-21 which shows how we have embedded the principles of sustainable growth in business practices over a decade.
While the World may deﬁne 2020-21 as the Year of the Pandemic & Disruptions, at Galaxy we would like to deﬁne the year as the “Year of Resilience” – The Year which tested every aspect of our Business; be it our People, Operations, Supply Chain, or Demand but despite the challenges that persisted throughout the year; the performance has been excellent.
2020-21 year can be summarized as 5Ps; Pandemic & Pressures countered by Persevering People and Persistent Partnerships which ensured we deliver a near Perfect Performance!
Having said that, I would take this opportunity to thank every Galaxite who has made this possible. Starting with our Front Line Yodhas- our Operators on the Floor, Operations and Supply Chain Team Members, Business Members who held fort when everything around them appeared hazy and turbulent. Our support staﬀ , who within days adopted a completely new lifestyle of working from home, balancing both, the needs of their families as well as that of Galaxy and ﬁnally our Administration and CSR Teams, I have the teams that ensured that we continue functioning as well as helping our society throughout the year.
But Ladies and Gentlemen, as they say, every battle has a price to pay and while this battle against the pandemic continues, I would like to take this opportunity to remember and pay my tributes to the 8 Galaxites, who lost their lives battling.
Losing a family member is not easy and while no amount of monetary compensation can make up for human lives, Galaxy has taken steps to support their families. We have introduced the ‘COVID-Family Care’ Policy for all GSL employees to provide economic stability and ﬁnancial security to the families of the employees who succumbed to COVID-19. A small step to ensure their families do not face any further disruptions or challenges on account of loss of income and continue leading their lives honorably. In this, the families will receive the monthly committed payments till the notional date of retirement, and can also avail medical facilities along with educational support for their children. Throughout the Pandemic, Galaxy has ensured that not a single rupee is spent by our people or their families for any COVID-19 related treatment. The entire cost has been borne by us. While the battle rages on, this is a battle which we all need to win, and Galaxy will leave no stone unturned to come out victorious.
Ladies and Gentlemen, the year 202021 has reignited the importance of ‘sustainable growth’; growth that is consistent, balanced, and replicable over the years. But sustainable growth is not only about ﬁnancial growth, it also includes the qualitative factors that ensure consistency, balance and replicability of performance over cycles. These qualitative factors impart the inherent strength and robustness to the business and enable an organization to adapt and respond to disruptions with determination, resolve and conﬁdence.
It is my belief, qualitative factors like Organizational Ethos, Strength and Depth of Stakeholder Relationships developed over years, Experience acquired over multiple cycles, Succession Planning, Talent Retention, and Organizational Responsiveness, that impart the required resilience to an organization. While these qualitative factors have always been around, it is only during times like these do we realize the criticality and strength imparted by them.
As we enter the next decade of sustainability, I personally expect businesses to become lot more proactive and make giant strides in the areas of Environment, Society and Governance.
As a responsible citizen of the society, it is upon us to ensure a better tomorrow for our future generations. At Galaxy, multiple initiatives have been taken with respect to Water Conservation, Energy Management, Waste, and GHG emission reductions. When it comes to our Society, our focus areas primarily include – Provision of Food and Water Security, ensuring Health, Hygiene and Education and creating avenues to empower as well as enable a better living for the deprived sections. Demonstrating the highest standards of Corporate Governance, Ethical Practices and Succession Planning is something we have practiced since inception.
Qualitative Factors combined with ESG related initiatives have ensured sustainable growth for Galaxy in the last decade; we see the same continuing in the next decade.
Ladies and Gentlemen, at Galaxy, we believe, the next decade will be the decade of Innovation, Sustainability and Digitization. While Sustainability and Innovation have been part of our core strategy for more than a decade now, the year 2020-21 saw us making strides in the digital arena. Galaxy has not only successfully adapted to the Work from Home culture, but also enhanced its digital marketing presence through various channels. Right from Customer interactions to multiple product application promotion campaigns to new product launches, we are steadily and surely stepping up in the digital arena. The coming year would see Galaxy enhancing its digital presence and reach further.
While adaptability to the digital age was all about equipping ourselves for the future, building on the sustainability and innovation journey which began years ago, today, has become a pre-cursor for survival. In relation to that, Galaxy
1. Launched GalEcosafe - Specially designed Fatty Alcohol Ether Sulphates with ultra-low 1,4-Dioxane levels to comply with the new US regulations aimed at protecting the environment.
2. Commercialised Galguard LipoG: Non-toxic, biodegradable, nature-derived and safe preservative for Beauty and Personal Care segments.
These products shall form part of our environmental friendly new age products basket.
To celebrate the same, we organized the Galaxy of Sustenance event which not only highlighted the signiﬁcant work done by Galaxy in the ﬁeld of Sustainability but also saw us taking up new targets for 2030.
Galaxy is committed to Science Based Targets initiative (SBTi) for setting a highly ambitious target to transition to low carbon economy.
Ladies and Gentlemen, it is the eﬀorts of the last 10 years that have started to yield fruits now slowly but steadily:
In 2020-21, 1. Galaxy Surfactants, Taloja plant was conferred with the CII Green Company rating (GreenCo - Silver level).
2. Achieved consistent progress in Carbon Disclosure Project (CDP) 2020 with Score of Management Level ‘B’ in CDP- Climate Change compared to global average of ‘C’, Management Level ‘B-’, in CDP-Water compared to global average of ‘B’ and Leadership level, ‘A-’ in Supplier Engagement compared to global average of ‘C’.
3. Won the GOLD medal 2020, awarded by EcoVadis.
4. M3 Tarapur Site has been awarded as a Winner for the Kaizen in the Category – Waste Elimination. Received Certiﬁcate of Appreciation from IMC Chambers of Commerce and Industry for becoming the ﬁrst IMC Certiﬁcate of Origin (COO) Member to release the online digitally signed Certiﬁcate of Origin (COO).
5. Galaxy Jhagadia Manufacturing plant got accredited with EFfCI GMP certiﬁcation.
Recently, as you would have seen on our Social Media platforms, Galaxy’s Water Shed Management eﬀ orts – across drought locations in India, was recognized by the CII as an excellent eﬀ ort towards ecosystem restoration.
To conclude, what began as a dream in 1980, today, has slowly but steadily unfolded into a unique one-of-a-kind organization. Unique, as globally you will not ﬁnd any organization which is completely integrated, right from its business to its operations, from people to innovations, sustainability goals to quality and manufacturing setups, for catering exclusively to the Home and Personal Care space.
As we enter our fifth decade, we at Galaxy Surfactants strongly believe, if the last four decades marked our learning phase, the coming four will mark our growth phase and the best is yet to come.
Thank You Ladies and Gentlemen. Stay Safe – Stay Healthy.
PS = Performance Surfactants
SC = Speciality Chemicals
From 2019, Galaxy is committed to including differently-abled members of society in our world and integrating them into the business. We have committed ourselves to including 40 differently-abled members within Galaxy by 2022.
Galaxy has embraced TCFD recommendations with a commitment to evaluate, manage and report its climate-related risks. The assessment aims to conduct climate-related risk assessment across Galaxy’s operations, identify the principal risks – physical and transitional, prioritise and estimate the financial impacts, thereby assessing Galaxy's resilience upon transitioning to a low carbon economy.
CII GreenCo is the “first of its kind in the world” holistic framework that evaluates companies on the environmental friendliness of their activities using the life cycle approach. Galaxy has adopted the GreenCo rating system at its Taloja plant, India to assess its operations’ environmental performance adopting a procedure-based approach.
Galaxy has adopted structured way of energy monitoring and control through EnMS 50001:2018. The certification was awarded to Taloja plant, India after successful audit conducted by BSI, a certification body.
To support te development of inclusive and accountable response to sustainability, we systematically engage with all stakeholders on Economic, Social an Environmental issues. In the long term, the stakeholder engagement process at Galaxy is designed with a clear purpose and outcomes towards sustainable development which guides our strategy and operations management, better management of risks and reputation, more collaboration, learning from the stakeholders about complex operating environment, market dynamics and other socio-economic developments. This result is more informed decision and actions at Galaxy, enabling sustainable value creation for both the organization and its ecosystem.
We have identified the key Stakeholders for Galaxy based on the following attributes:
Dependency-Stakeholders who are directly dependent on the organisations activities, products or services or on whom the organization is dependent in order to operate.
Responsibility-Stakeholders to whom the organization has legal, commercial, operational or moral/ethical responsibilities.
Suppliers & Partners Investors & shareholders Customers
Employees including contract employees
Community & NGOs Government Regulatory Bodies
We ensure that the stakeholder engagement focuses on issues that are material to te organization and create opportunities for dialogue, solutions, collaborations aimed at creating value gor all stakeholders.
The key issues discussed with the stakeholders are:
To enhance integrated thinking, decision making and actions that support long term value creation for Galaxy and all its stakeholders, we are focusing on better inclusion of ESG issues into our Strategy and operational management through the process of Materiality.
In February 2020, we conducted a survey with all the key stakeholders of the Company to understand the ESG issues that are important to them. These issues were also evaluated for their relevance to the business and the Materiality matrix was constructed. The issues were referred from the Global frameworks like GRI, SASB, UN SDGs to ensure that all the ESG issues of global importance are included in our Materiality study. The issues that were included in our materiality study are:
While finalising this list of topics, we have considered the impact of COVID-19 pandemic. There are no significant changes in the list of material topic and topic boundary compared to previous year. Based on the survey responses, we have updated Galaxy’s Materiality Matrix as shown in diagram below.
Our 10 material topics are: Employee Safety, Health and Well-being; Innovation- Product Quality and Safety; Ethics and Governance; Water Stewardship; Waste Management; Climate Change; Oil Palm Derivatives; Financial Growth; Labour Relations; Customer Communication. The top 10 material issues are included in our strategy and planning and the details of the same are disclosed in the Chapter 10. The other material issues are monitored and discussed by the Sustainability team and any exceptions are escalated and acted upon.
The UN SDGs aligned with our material topics are as below: Importance to Stakeholders
At the start of the ﬁnancial year, we had 1.5 Months of complete shutdown. Despite the shutdown in Q-1, volumes in India have grown 11.2% vs Previous Year. AMET market which got its mojo back in Q-2 FY 20, has not only sustained it but also registered a healthy 8.2% volume growth for the year. Finally, Rest of the World markets which primarily are driven by Specialty Care Products, while saw a major decline of 16% in H-1 vs previous year have made a strong comeback in H-2 registering a growth of 4%, overall ending the year with a 6.8% decline.
|CONSOLIDATED REVENUE FROM OPERATIONS||INR 2784.06 Crore||INR 2596.38 Crore|
|CSR SPEND||INR 4.10 Crore||INR 3.32 Crore|
| ||FY 2020-21||FY 2019-20||FY 2020-21||FY 2019-20|
|Total Revenue from Operations||2,784.06||2,596.38||1,830.50||1,793.12|
(excluding employee benefit expense)
|Employee benefit expense||204.04||178.10||105.70||94.37|
|Interest & Finance charges||13.42||23.80||8.37||16.90|
|Government as taxes
(Income tax, dividend distribution tax)
|Economic value retained||325.55||217.02||177.25||138.85|
|Profit before tax||372.32||288.84||239.32||229.70|
|Profit after tax||302.14||230.41||177.86||182.18|
The consolidated ﬁnancial statements comprise ﬁnancial statements of Galaxy Surfactants Ltd (the Company) and its subsidiaries (collectively, the Group, which includes Galaxy Chemicals (Egypt) SAE and TRI-K Industries Inc., USA operation). As of March 31, 2021, the Company has ﬁve wholly-owned subsidiaries within the deﬁnition of ‘Subsidiary Company’ under the Companies Act, 2013. Further pursuant to the provisions of Section 136 of the Act, the Financial Statements of the subsidiaries are uploaded on the website of the Company i.e. www.galaxysurfactants.com.
Human capital refers to our employees, including those on contract, their skills, contributions, motivation levels and health and safety.
Safety forms an integral part of our culture. Galaxy’s Vision is to achieve and sustain an incident-free organisation. In order to achieve this Vision, we have established processes and systems and ensure that our culture promotes safety across all locations. Galaxy has implemented ISO 45001:2018 Occupational Health and Safety management system at various manufacturing locations.
Monthly meeting of joint safety committee is chaired by Site Head and Safety in-charge. Members are from staﬀ, operator and contractor categories. Representation of operators and contractors is 50% and staﬀ is 50%.
As a company, we have always believed training and upgradation of skills is an important aspect of employee development Galaxy provides safe workplace environment and imparts training to all its employees on regular basis. We regularly provide training to company and contractor employees on topics like behavioural safety, Fire Safety, SCBA, MSDS, EMS-OH&S standards, Responsible Care, etc. In order to enhance safety awareness among employees & contractors, various emergency drills and trainings have also been conducted.
TRIFR and Severity Rate are key safety indicators which are reviewed and monitored regularly.
Galaxy Group Level- Injury Rate: Fatalities:-
Total Recordable Injury Frequency Rate - TRIFR :-
In April 2020, at our Tarapur plant we had a very unfortunate and rare incident resulting in 3 fatalities of our employees. We deeply regret for the incident and express our solidarity to the family members of deceased. Safety has been an integral part of Galaxy’s Culture & Ethos since inception. Galaxy is known for its safety standards and while this accident has left an indelible mark, we shall ensure that such an incident never ever occurs again.
While as an organisation, we have always given Safety the topmost priority and our safety standards till date are commensurate to the best-in-class, this incident has taken us back to the drawing board. Right from implementation of Behavioural-Based Safety for all employees to refining and improving the Safety SOPs to framing new SOPs for operating under the COVID-19 scenario to conducting safety audits and evaluations by the Safety Teams, we are leaving no stone unturned to ensure such incidents do not happen in the future ever again. Basis the insights derived from the investigation, we have launched cross-functional Project Abhayatam – A Fearless, New Beginning. This project comprises an 8-step review mechanism by a Team of subject specialists to strengthen and enhance the Design, Operations, Safety and Skill levels of all our plant personnel across the organisation and enable us to identify the areas requiring improvement in Safety. The project was based on various pillars like design review, P&ID, SOP / BMR review, Aspect/Impact & HIRA review, MSDS Training, Maintenance Management etc, subsequent findings taken forward for improvement.
Note: TRIFR is based on injuries related to ﬁ rst-aid and medical treatment case. TRIFR is calculated considering number of million working man-hours.
Responsible Care is the chemical industry’s unique global initiative that drives continuous improvement in health, safety and environmental (HSE) performance, together with open and transparent communication with stakeholders. This initiative, which started in Canada in late 1980s, is gaining worldwide momentum in the chemical industry. In India, Indian Chemical Council is in the forefront in spreading this initiative. Responsible Care enables the chemical industry to contribute to most of the United Nations Sustainable Development Goals (SDGs), as well as address some of the major sustainability footprint issues that the chemical industries face, including product stewardship, pollution prevention, occupational & process safety, emergency preparedness, community engagement, safe chemicals distribution and chemical security.
Galaxy is a signatory to Responsible Care Global Charter since March 2015. Galaxy Surfactants Ltd. (India) has been granted permission® to use Responsible Care Logo for a period of Three Years i.e. from February 2021 to January 2024 based on the virtual Responsible Care Recertiﬁcation audit conducted in December 2020. We are planning to implement areas of improvement identiﬁed during the audit in the upcoming year. In 2019, Galaxy has initiated adoption of Security Code under the voluntary requirements of Responsible Care.
Responsible Care Journey
We believe in nurturing and empowering our talent so that they can exercise their potential to the fullest. Our key focus is on expansion of cross-functional capabilities, building domain expertise of its people and also developing leadership at each level. Quality, Safety and Sustainability have been the factors of prime focus since our inception. Our workforce is a critical factor in maintaining both quality and safety – which in turn strengthens our competitive position.
Great Place to Work® Certiﬁcation: Every year, more than 10,000 organizations from over 60 countries partner with Great Place to Work® Institute for assessment, benchmarking, and planning actions to strengthen their workplace culture. Great Place to Work® Certiﬁcation Program is the ﬁrst step for an organization in its journey to build a High-Trust, High Performance Culture™ and our organization has successfully accomplished this milestone.
Galaxy Surfactants has been certiﬁed for the second time as Great Place to Work - Certiﬁed™ by the Great Place to Work® Institute for the period December 2019- November 2020. For more details visit: Corporate governance policies (galaxysurfactants.com)
Galaxy is an equal opportunity employer and strongly endorses right of equal opportunity for potential candidates who are diﬀerently abled. As part of the Valuable 500 initiative, Galaxy has committed to having 40 diﬀerently-abled members as a part of its family by 2022. Our work culture fosters diversity and equal opportunity.
In FY 2020-21, our employee strength was 2625 including 1638 permanent employees and 987 contract employees. There was a 4.6% increase in the number of permanent employees across all our regions - India, Egypt and USA as compared to our employee strength in FY 2019-20. There is no discrimination in recruitment, development, promotion on the basis of gender, age, religion or disability. Out of Galaxy Group workforce, around 8.5% of our employees are women, 0.7% are Persons with Disabilities (PwD) or diﬀerently-abled employees and 0.5% have chosen not to identify their gender.
|Gender Wise||Age Wise|
|Locations/Age||Male||Female||Unidentified*||Age<30||Age 30-50||Age>50||Total No|
|USA Tri-K Industries||30||28||9||15||31||21||67|
|Locations/Age||Male||Female||Unidentified*||Age<30||Age 30-50||Age>50||Total No|
|USA Tri-K Industries||3||3||5||8||3||0||11|
|Locations/Age||Male||Female||Unidentified*||Age<30||Age 30-50||Age>50||Total No|
|USA Tri-K Industries||7||2||0||3||5||1||9|
GRI 103-1-3; 404-1
‘Everyone can make a Diﬀerence’ is one of our Values. We believe that each Galaxite is our Talent and our pursuit is to build future leaders who create value. For those who are ready to take charge and lead from the front, Galaxy is the place to be. Our relentless pursuit is to build the competencies and capabilities of our people. We empower our people to take charge of their careers through multiple avenues such as best-in-class manufacturing facilities and practices, futuristic learning and development initiatives, focused leadership development programs through Galaxy Way of Leading and multi-dimensional capability building approach.
|Total Training Hours||63325||59658||2528||1139|
|Average Training hours (manhour/employee)||38.66||43.5||12.6||17|
|Average Training Hours||India||Egypt||US||Overall|
|Employee Category||Avg. Training hours per Category|
|Operator, Assistants & Others||9.22|
|Compliance Programs||Total Participants||Coverage|
|Policy Awareness (Code of Conduct, Whistleblower, Human Rights / ETI Code)||616||45%|
|POSH Awareness : A Step towards making our workplace safer and better||923||67%|
|Cybersecurity Awareness Program||366||80%|
For Galaxy, Social capital consists of the relationship that we have with our surrounding community. We value our social capital and always strive to create positive impacts on the community. About 40% initiatives are undertaken in and around the locations where Galaxy has its operations and presence.
“People” being one of the themes of our organisation, we started with our CSR initiatives in 2010-11, much before it was mandated by the Companies Act. We have touched more than 4 lakh lives in our surrounding communities through our CSR projects and a spend of over INR 18.22 crores since 2014.
(Healthcare, Hygiene & Preventive Healthcare)
Galaxy’s aim is to improve the overall health & hygiene but be proactive about preventive healthcare as well.
We provided safe drinking water facility to 22 schools covering 1556 students in Maharashtra & Gujarat.
Till date, Galaxy has constructed 328 Toilet Blocks (128 Toilet Blocks in Schools & 200 Community Toilets) along with 1918 Handwashing Stations.
Galaxy’s goal is overall development & well being through education, providing infrastructure support and non-infrastructural support.
Galaxy’s focuses on the all-round development of the communities around our operations, in particular to people mostly living in distant rural areas and tribal belts.
Environmental protection is crucial for future sustenance, and Galaxy has taken major steps towards these.
Environmental protection is crucial for future sustenance, and Galaxy has taken major steps towards these.
Our natural capital consists of all the renewable and nonrenewable resources that we derive from mother Earth for our business processes and activities. We also measure and manage the impact that we have on the natural resource.
With Sustainability - a way of life at Galaxy, we have embarked on a journey of sustainable growth across all geographies of our operations.
At Galaxy, sustainability and business growth goes in hand in hand. We have implemented several sustainability initiatives that have helped in minimizing environmental impacts of operations and actively contribute to social and economic development of the communities.
As a result of this focused approach, In August 2020, our Taloja plant has been conferred with the CII Green Company rating (GreenCo - Silver level). The plant thus became only the 2nd Surfactant unit in the country to achieve this feat.
At Galaxy Surfactants, we have set an ambitious, long-term strategy for sustainability. We are on our way Galaxy has Sustainability Goals 2020-21 with focus in areas of climate change, energy, greenhouse gases, renewable energy, tree plantation, water, packaging waste and life cycle assessment. The Financial Year 2020-21 will mark 10 years of Sustainability Journey and fi nal year for our Sustainability Goals 2020. With a clear roadmap in mind, focus and vision, Galaxy is determined towards making a positive impact and further diff erence to our society in the coming years. The performance of these goals and material topics are being reviewed on quarterly basis in Sustainability Cell meetings and the internal review meetings. The goals against these impacts have been incorporated in our Sustainability Strategy.
The Sustainability goals and the progress against them for FY 2020-21 given below:
|Sustainability Goals||Target for
|Water Reduction (Intensity), India||80%||60.3%||2011-12|
|Water Reduction (Intensity), Egypt||50%||30.0%||2014-15|
|Energy Reduction (Intensity), India||50%||42.3%||2011-12|
|Energy Reduction (Intensity), Egypt||30%||19.0%||2014-15|
|GHG Reduction (Intensity), India||35%||33.9%||2012-13|
|GHG Reduction (Intensity), Egypt||25%||15%||2014-15|
|Packaging Waste Reduction (Intensity)||10%||9%||2015-16|
|Waste Reuction (Intensity) Egypt*||15%||79% increase||2014-15|
|Renewable Energy (Electricity) Share**||10%||2.8%||2015-16|
|Life Cycle Assessment of Products||40||40||2015-16|
* The increase in waste is due to implementation of new projects and manufacturing of new products.
** Increase share of power from renewable energy sources
At Galaxy, Intellectual Capital consists of the intangible knowledge of the organisation that is translated into patents, copyrights etc. It is also evidenced through new products developed in both the home and personal care segments, process improvements, better competitiveness in the market, improving ﬁ nancial performance and growth. We actively encourage learning and experimentation at Galaxy, collaborate with technology leaders and industry bodies.
The main process underlying the creation of intellectual Capital at Galaxy is the Innovation process which is aimed at supporting the plant operations and the entire value chain with higher eﬃ ciency and in an environment friendly manner.
The constant endeavour of Innovation process is to provide high-performing, value added solutions to the Home and Personal Care industry. Galaxy works in close collaboration with Research & Development teams of the home and personal care product manufacturers, both locally and globally.
Our focus remains on expanding our innovative basket of ingredients which form part of multiple existing as well as emerging categories like UV absorbers, functional macromolecules, non-toxic preservation, mild surfactants for gentle cleansing, and blends. Backed by the principles of Green Chemistry, sustainability is always at the core of Galaxy’s innovation eﬀ orts.
Galaxy has adopted innovation Funnel Model comprising various stages wherein ideas are screened as they progress through various developmental stages before getting converted into successful business.
78 Patents since 2000
13 Patent application pending
Rs. 8cr. Incurred to enhance the R&D Setup
New product grades, process, efficiencies
We display product information like product trade name, gross wt., tare wt. etc. on regular product labels. In addition, in case of speciﬁ c countries/customers, we share information with respect to product hazard as per the GHS (Globally Harmonised System of Classiﬁ cation and Labelling of Chemicals) /CLP (Classiﬁ cation, Labelling and Packaging) regulation. While transporting dangerous goods, we ensure use of UN certiﬁ ed packing material and aﬃ xation of Dangerous goods labels in compliance with IMDG (International Maritime Dangerous Goods) and IATA (International Air Transport Association).
GRI- 103-1, 416
Galaxy is committed to develop safe, sustainable & ecofriendly products, processes, technologies and services and to adopt Life Cycle thinking contributing towards product stewardship. Sustainability is an integral part of product design. Our products provide key leverage points for implementing our sustainability strategy.
We focus on developing new products by giving highest priority to safety and health impact which oﬀers more value and better performance with a smaller environmental footprint One of our Sustainability Goals 2020 was to conduct Life Cycle Assessment of 40 products and we have successfully achieved that.
Galaxy took up Life Cycle Assessment based on ISO 14040/14044 as a part of assessing total impact of product through its lifecycle and completed LCA for 40 identiﬁed products with the help of GaBi tool, as part of the initiative.
Galaxy has received ECOCERT attestations for our 45 products and COSMOS attestations for our 6 products.
GRI 204-1, 308-1,2 and 414-1
We consider suppliers as one of the most important partners in our value chain for on time delivery of the right quality of raw materials and other goods and services to our manufacturing locations and ﬁnished products to our customers. We have supplier selection and evaluation process based on environment, social, safety and quality parameters prior to registration of the supplier.
We have established Supplier Code of Conduct which deﬁnes the requirements of ethics and integrity, human rights, safety, health & environment to be met by all suppliers.
Sourcing policy: https://www.galaxysurfactants.com/pdf/policies/Sourcing-Policy.pdf
We have deﬁned internal procedures for sustainable sourcing. We evaluate vendors on environment, social, safety and quality parameters prior to registration of a vendor.
We have developed vendors that are local and promote local producers. We have helped a few vendors in improving their capacity, setting up new facilities, and improving their productivity. For Galaxy, local suppliers means Indian suppliers
“We are a group member of I-SPOC (Sustainable Palm Oil Coalition for India).”
Galaxy is an ordinary member of Roundtable on Sustainable Palm Oil (RSPO) that facilitates sustainability in palm oil supply chain. Galaxy is signatory to Responsible Care Global Charter (RCGC) and is permitted to use Responsible Care® logo for manufacturing units in India till January 2024. Galaxy adheres to the requirements of ‘Distribution Code and Product Stewardship Code’ of the framework to ensure safe and sustainable transportation.
We engage with our suppliers through annual event, GALSUSTAIN on sustainability and disclosure of our suppliers’ performance on Economic, Environment and Social aspect.
We assess our suppliers for environmental and social performance through audits. For ﬁnancial year 20-21, due to disruptions caused by Covid-19, we could not conduct physical audits for new suppliers added to our approved vendor base. The audits would be conducted once the situation permits. However, virtual audit process for vendors were initiated, which has become a new normal now.
In FY 2020-21, we have used 80909.52 metric tonne of palm oil derivatives for manufacturing of products. More than 90% of our supplies (by value) are from suppliers adhering to internal or external sustainability standards / codes / policies. This includes International standards like RSPO, REACH, ISO standards, their internal standards, adherence to our supplier code of conduct, etc.
While we have taken suitable actions to minimise the negative impacts in our supply chain due to sourcing of palm oil derivatives, as a way forward, in the next 2-3 years, we will be conducting a risk assessment of our negative environmental impacts in the supply chain and identify suitable mitigation strategies.