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IFF Achieves Key 2020 Sustainability Goals
Second Annual Sustainability Webcast to be held May 20th
IFF (NYSE:IFF) today announced the achievement of key 2020 sustainability goals that were set at the launch of the Company s sustainability program in 2010. During that time, IFF met and surpassed its original intensity-based targets for three environmental goals, resulting in a reduction in its greenhouse gas (GHG) emissions, water withdrawal and hazardous waste generation per metric ton of production by -42.6%, -67.1% and -41% below 2010 levels, respectively. IFF has also achieved its 2020 goal to have 100% of the palm oil used in its products be certified according to the Roundtable on Sustainable Palm Oil (RSPO) Mass Balance Supply Chain Model.
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UltraTech Cement Limited has announced its financial results for the quarter and year ended 31 March 2021.
COVID-19
UltraTech’s recovery from the COVID-19 led disruption of the economy during FY21 has been rapid.
The ‘overheads control programme’, prudent working capital management and control on cash flows were the main drivers, aided by quick revival of demand and supply side restoration. This has resulted in the company’s encouraging performance, even during such trying times. UltraTech achieved an effective capacity utilisation of 93% during the quarter.
As part of its commitment to society, UltraTech spent Rs.120 crores towards various initiatives undertaken during the year to support the country in its fight against the pandemic. The company continues to give primacy to the safety and well-being of its employees and business partners. It has also undertaken a vaccination programme for more than 100 000 employees and their dependents.