PTC India Financial Services Limited (PFS)
Climate Impact & Sustainability Data (2023-24, FY23)
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:267 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:169 tCO2e/year
Scope 2 Emissions:98 tCO2e/year
Total Energy Consumption:185178 kwh/year
Water Consumption:2.175 kl/year
Carbon Intensity:267 tCO2e per million rupees of turnover (FY2023-24)
ESG Focus Areas
- Clean, Sustainable Infrastructure
- Renewable Energy
- Corporate Social Responsibility
Environmental Achievements
- 6 MW Wind power project in Karnataka mitigating around 14000 tons of CO2 equivalent every year
- Energy-saving measures in operations, including LED lights and 5-star air conditioners, resulting in reduced GHG emissions.
Social Achievements
- CSR initiatives focusing on crop residue management, community plantation, and waterbody restoration.
- Employee well-being measures including health insurance, accident insurance, and maternity benefits.
Governance Achievements
- Established a Whistle Blower Policy for reporting unethical behavior.
- Constituted an Internal Complaints Committee to address sexual harassment complaints.
Climate Goals & Targets
Long-term Goals:
- Carbon neutral company by 2040
Environmental Challenges
- High debt burden
- Corporate governance issues (shorter notice meetings, delays in finalizing minutes)
- Ineffective information flow between management and board members
- Exposure to thermal projects (though reduced to 6.70% in FY2023-24 from 18% in FY2018-19)
- Stressed assets
Mitigation Strategies
- Increased budgetary allocation towards NHAI (National Highways Authority of India) to reduce borrowing needs.
- Strengthening internal control systems (interest/penal interest charging, security creation, corporate guarantee invocation, SOP updates).
- Improving information flow to board members.
- Shifting focus to renewable energy and other sectors.
- Focused efforts to resolve stressed assets and improve portfolio quality.
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- Financing of renewable energy projects and other green initiatives.
Reporting Standards
Frameworks Used: Ind AS
Third-party Assurance: Lodha & Co LLP
Reporting Period: FY23
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:362 million liters/day
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainable infrastructure
- Renewable energy
- Water treatment
- E-mobility
- Waste management
Environmental Achievements
- Financial assistance for renewable projects of around 15,000 MW with carbon abatement of 25 million tonnes per annum (375 million tonnes of CO2 considering average project life of 15 years)
- Water preservation of 362 million liters per day
Social Achievements
- MOU with IIT Roorkee for supporting their drinking water quality lab
- MOU with Sankal Cancer Care Foundation for PFS support for Mammography machine
- Community waste management initiatives (community meetings and wall paintings)
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Stress/NPA accounts
Mitigation Strategies
- Focus on improving operational performance and reducing the number of Stress/NPA accounts
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed