59 Arise IIP | Sustainability Report 2023 Corporate Governance and Business Ethics FOSTERING ACTION ON CLIMATE CHANGE Fostering Responsible Supply Chains Fostering an Inclusive Workplace Charting the Path to Sustainable Growth GRI Index Establish an effective waste management plan that promotes use of recycling materials, collaborating with the industries for coprocessing. Waste Management Strategy We believe in creating value from every part of the natural resources that we utilize as raw materials in our operations. Deriving value from nature means that we continue to seek opportunities that minimize waste and optimize the value of the raw materials. Circularity is a key strategic pillar for our company. With management-level oversight and ground-level initiatives, we aim to promote recycling and reduce the amount of waste sent to disposal. Our operations across SEZs generate both hazardous and non-hazardous waste. Hence, we adopt practices that reduce the volume of waste Emphasizing circular economy approach for reducing waste generation, increasing recycling rates, or optimizing waste disposal methods. Planning waste recycling industries within the zone to ensure minimizing the impacts due to waste transportation, waste treatment etc., and to improve waste recycling opportunities. generated, improve recycling, reduce waste management costs, and promote circularity. In line with this, we have integrated waste management considerations into our operational planning stages. All our SEZs have developed waste management plans which are implemented by the Health, Safety and Environment (HSE) department. Hazardous waste generated at our operations is disposed through authorized vendors, whereas non-hazardous waste is either sent for recycling or disposed safely. The SEZ-specific waste management plans are condensed into our company-wide waste management strategy, as depicted below. Analyse and understand local waste management infrastructure, available recycling programs, and site-specific wasterelated factors of each SEZ and operation. Waste and Circularity
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