Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Consumption
• Emissions
• Water Conservation
• Waste Management
• Social Responsibility
• Community Development
• Employee Well-being
• Diversity & Inclusion
• Corporate Governance
• Ethics
• Data Privacy

Environmental Achievements

• 22% reduction in HVAC energy consumption and lighting consumption at the Vadodara campus
• Avoided 1100.39 tons of CO2 due to the use of renewable energy
• Saved 573.69 tons of CO2 due to energy-saving measures
• Installed solar panels for street lighting at Vadodara campus, generating 453.6 KW of power annually
• Installed occupancy sensors at work areas of all locations to switch off lights when no employees are present
• Rainwater harvesting facilities at Vadodara & Mysuru campuses
• Sewage treatment plants at most locations to optimize water usage
• Recycled 7,880 cubic meters of water in FY21

Social Achievements

• Provided solar lighting to tribal communities near Mysuru, Karnataka
• Built 51 cyclone-resistant houses in Puri, Odisha
• Provided 22,359 primary healthcare treatments to the elderly in Vadodara, Gujarat
• Implemented WINGS Gender & Inclusivity Framework
• Achieved 21.57% gender diversity ratio in FY21
• Conducted various skill development programs benefiting 307 youth
• Implemented various employee well-being initiatives including weCare app, i-Call helpline, and Anytime DOC

Governance Achievements

• Adopted a consolidated Code of Conduct for employees and Board members
• Established a Whistle Blower mechanism ('Ethics Line')
• Implemented a Risk Management framework
• Conducted annual performance evaluation of the Board, Committees, Chairman, and individual Directors using an external agency

Climate Goals & Targets

Environmental Challenges

• Impact of the pandemic on key segments
• Cyber security risks
• Inability to innovate
• Exchange rate volatility
• Inadequate protection of intellectual property rights
• Changes in immigration laws
• Increased attrition levels

Mitigation Strategies

• Expanding presence in segments unaffected by the pandemic
• Diversified revenue mix
• Deployment of enhanced security software and controls
• Continuous competency and capability building
• Long-term cash flow hedges
• Robust data security protection and controls
• Local hiring at multiple locations abroad
• Various measures of employee engagement and professional enrichment

Supply Chain Management

Supplier Audits: SA 8000 certification requires audit of key suppliers

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards (Core option), AA1000AS version 03

Certifications: ISO 14001 (implied for Vadodara offices), ISO 45001, ISO 27001:2013, SA 8000

Third-party Assurance: Bureau Veritas

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• i-BEMS
• Chest rAI

Awards & Recognition

• Stevie Awards
• SHRM HR Excellence Awards
• Transform Awards Nordics
• Financial Express BrandWagon Ace Awards
• BIG Innovation Awards
• VARINDIA Most Admired Brands
• India Digital Enabler Awards
• Brandon Hall HCM Excellence Award
• Frost & Sullivan Customer Value Leadership Award
• Golden Bridge Awards
• STPI Top Performer
• CIMS Medica Company of the Year
• CII HR Excellence Awards
• Mahatma Award for CSR Excellence
• TechCircle Business Transformation Award

Environmental Metrics

ESG Focus Areas

• Climate action
• Product circularity
• Smart and green building
• Water and waste management
• Clean energy
• Smart manufacturing

Environmental Achievements

• 30% overall reduction in waste
• 90% reduction in packaging costs
• 66% optimization of freight CO2 footprint
• 7.8% of total electricity comes from renewable sources

Social Achievements

• Recognized as a Great Place to Work®
• LTTS Global Engineering Academy trained over 3,000 freshers and facilitated more than 9,800 cross-skilling opportunities for experienced engineers
• Distribution and promotion of fuel-efficient boilers in Karnataka
• Planting of over 57,000 saplings in Gujarat

Governance Achievements

• Established a structured risk management framework
• Implemented a whistleblower policy (Ethics Line), receiving and addressing eight complaints during FY22
• No reported allegations of fraud or unfair trade practices

Climate Goals & Targets

Environmental Challenges

• Cyber security risks due to work from home culture
• Increased attrition levels
• Resurgence of the pandemic
• Inability to innovate and develop new services
• Fluctuations in exchange rates
• Inadequate protection of intellectual property rights
• Changes in immigration laws
• Risks arising due to changes in customer’s business operations

Mitigation Strategies

• Deployment of enhanced security software and controls
• Implementation of cyber security awareness campaigns
• Various employee engagement measures, including flexible working hours
• Effective WFX program, safety measures, and Covid-appropriate infrastructure
• Diversified revenue sources
• Robust data security protection and controls
• Local hiring at multiple locations
• Proactive engagement with regulatory authority
• Significant investments in sustainable products and services

Supply Chain Management

Supplier Audits: SA 8000 accreditation for social accountability compliance standard

Responsible Procurement

• Supplier Code of Conduct promoting human rights, environmental protection, and fair labor practices

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards (core option), UN Sustainable Development Goals (UNSDGs), SBTi

Certifications: ISO 14001, ISO 45001, SA 8000

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• 1, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 17

See SDG linkage index section

Sustainable Products & Innovation

• Fuel-efficient boilers
• Smart Water Management solution
• Point-of-Care Sepsis solution

Awards & Recognition

• See Awards and accolades section

Environmental Metrics

ESG Focus Areas

• climate action
• product circularity
• smart and green buildings
• water and waste management
• clean energy
• smart manufacturing

Environmental Achievements

• 90% reduction in packaging costs
• 66% optimization of freight CO2 footprint
• 30% overall waste minimization
• 5,260 GJ Renewable energy consumed
• 80,258 KL Water treated and recycled through STPs.
• 83.1 MT Wet waste reused in organic composters, vermicomposting, animal husbandry.
• 33.3 MT Waste recycled

Social Achievements

• Second consecutive year of the 'Great Place To Work' certification
• LTTS Poland added as certified GPTW for the first time
• 444 sessions of employee training by Global Engineering Academy (GEA)
• 30,405 Employees trained by Global Engineering Academy (GEA)
• 11,127 Beneficiaries of health-related projects
• 12,357 Beneficiaries of education and skilling projects
• 1,500 Saplings planted in FY23
• 40,000 Beneficiaries of environmental related projects

Governance Achievements

• ZERO Complaints received in relation to issues of Conflict of Interest of the Directors
• ZERO Complaints received in relation to issues of Conflict of Interest of the KMPs
• ZERO instances of violation of anti corruption policy

Climate Goals & Targets

Environmental Challenges

• Cyber risks
• Increased attrition levels
• Inability to innovate
• Exchange rate volatility
• Risk of inadequate protection of intellectual property rights
• Changes in immigration laws
• Risks arising due to changes in customer business operations
• Rising risk from inadequate communication on the Company’s Sustainability program
• Risk arising from legislations like GDPR
• Risk arising from the volatility in the global economics and geo-political factors

Mitigation Strategies

• Multi-layered controls, comprehensive governance program
• Actively monitored attrition rates, benchmarked with industry peers, implemented measures of employee engagement and professional enrichment
• Investments in innovation labs, continuous competency and capability building
• Long term cash flow hedges, regular evaluation of hedging policy
• Regular employee awareness sessions, implementation of appropriate data security controls
• Dependency on work visas reduced, improvement of internal processes on visa filing
• Sustainability related offerings as one of its 6 major growth engines, committed to become Carbon and Water Neutral by 2030
• Continuously improving Sustainability Reporting maturity
• Implementing policies and procedures to comply with data protection laws, developed data transfer guidelines
• Diversification of operations across multiple geographies, diversified portfolio of customers and revenue mix

Supply Chain Management

Supplier Audits: 100% Suppliers environmentally screened, 100% Suppliers socially screened

Responsible Procurement

• Supplier Code of Conduct (including environmental protection, GHG reduction, waste management, regulatory compliance, and upholding human rights)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards 2021, UN SDGs

Certifications: ISO 14001:2015, ISO 27001:2013 (10 premises), SA 8000, LEED Platinum (Powai, Mumbai), IGBC (Vadodara)

Third-party Assurance: Bureau Veritas (India) Pvt. Ltd.

UN Sustainable Development Goals

• 1
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 10
• 11
• 12
• 13
• 14
• 15
• 17

See SDG Linkage Index on page 115

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Frost & Sullivan Global Energy Optimization and Sustainability Management Product Leadership Award
• Golden Peacock Corporate Social Responsibility Award for 2022
• CSR Journal’s Special Commendation Award
• Indian Social Impact Awards
• UBS Forums
• CII Industrial Innovation Awards 2022
• 2022 Notable Supplier Award by Bosch India
• Best Corporate Learning University in the ET Future Skills Awards 2022
• Partner-level Supplier by John Deere
• NASSCOM AI GameChangers Awards 2022
• AutoTech Breakthrough Awards
• Business Intelligence Group BIG Innovation Award
• Aegis Graham Bell Awards
• Future of Learning and Development Summit & Awards 2022

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Scope 1+2 carbon emission reduced by 7.4%
• Total water recycled/reused: 45.7%
• Avoided CO2 using renewable energy (in MTCO2e): 5,306.9

Social Achievements

• Launched several employee well-being programs, resulting in Great Place to Work® certification in India and Poland.
• CSR spend of ₹228 Mn benefiting 77,070 individuals.
• Women in workforce: 22%

Governance Achievements

• Zero instances of violation of anti-corruption policy.
• 63.9% training coverage on Human Rights issues and policies.

Climate Goals & Targets

Environmental Challenges

• Skill shortages in the ER&D industry.
• Keeping pace with evolving technologies (IoT, AI, cloud computing).
• Adapting to new markets with diverse cultures and regulations.
• Intense competition leading to price pressures.
• Maintaining quality and safety standards.
• Need for regulatory framework evolution.
• Concerns regarding education and training.

Mitigation Strategies

• Established ER&D centers in India and other locations (e.g., Krakow, Poland).
• Prioritized continuous employee training.
• Close collaboration with academic institutions.
• Cooperation with government agencies.
• Focus on digital transformation (e.g., DevX platform powered by Google Cloud’s generative AI).

Supply Chain Management

Supplier Audits: Regular auditing of key suppliers

Responsible Procurement

• Supplier Code of Conduct covering environmental preservation, GHG emission reduction, waste management, regulatory adherence, cybersecurity, data privacy, and human rights.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, UN SDGs, UNGC Principles, NVG-SEE, Companies Act, 2013, IFRS Foundation's IR framework

Certifications: ISO 14001:2015, ISO 27001:2013, SA 8000, ISO 45001:2018

Third-party Assurance: DNV Business Assurance India Pvt Ltd (for BRSR Core KPIs)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• NASSCOM Spotlight Awards (Process and Product Innovation)
• Great Place to Work® certification (India and Poland)
• Corporate Leader of the Year 2023 (Indo American Chamber of Commerce)
• Golden Peacock Award for ESG
• Big Innovation Award for IoT
• RoSPA Gold Health & Safety Awards (smart city projects)
• Sustainability Partner of the Year (PTC)
• Aveva Global Alliance Partner of the Year Award
• ETCFO Award for Leadership in Sustainability
• Best Technology firm in D&I Award (Analytics India)