Climate Change Data

RITES Limited

Climate Impact & Sustainability Data (2018, 2021, 2022-04 to 2023-03, 2023-04 to 2024-03)

Reporting Period: 2018

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability
  • Social Development
  • Corporate Governance

Environmental Achievements

  • Encouraging use of renewable energy resources such as solar, wind, biomass & others and reduce its carbon, water and waste footprints

Social Achievements

  • Engaging stakeholders in undertaking CSR & Sustainability projects in and around the areas of company’s offices/projects and also other backward regions/areas with focus on creating the necessary infrastructure which will promote education, health, sanitation and provide connectivity/mobility, skills and preserve natural habitat, water resources, flora and fauna, greenery, environment, heritage and culture

Governance Achievements

  • Promoting the cause of Sustainable Development and giving due attention to social and environmental aspects and their impacts in all its activities including the feasibility studies, investigations, detailed designs & DPRs for various developmental projects in transportation & infrastructure sector
  • Creating and enhancing the brand value of the company by adoption of highest standards of Corporate Governance and best management practices and application of its business expertise for the good of the community and society at large

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Global Reporting Initiative’s Sustainability Reporting Guidelines, UN Global Compact Principles, UN Millennium Development Goals, OECD Guidelines for Multinational Enterprises

Certifications: ISO 9001 -2008

Reporting Period: 2021

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:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Social
  • Environmental
  • Governance

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

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

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:5897 tonnes of CO2 equivalent (Scope 1 & 2)
Scope 1 Emissions:2208 Metric tonnes of CO2 equivalent
Scope 2 Emissions:3683 Metric tonnes of CO2 equivalent
Water Consumption:20696 kilolitres
Waste Generated:3.12 metric tonnes
Carbon Intensity:2.24 Metric tonnes of CO2 equivalent per rupee of Turnover

ESG Focus Areas

  • Sustainability
  • Energy Conservation
  • Environment Protection
  • Corporate Social Responsibility
  • Human Rights
  • Green Initiatives
  • Net-Zero Carbon Emissions

Environmental Achievements

  • 3.9% YoY reduction of total water consumption
  • 34.53 Million Units Wind Energy Generated
  • 2,290 MW Renewable energy tied up for Railways
  • GRIHA Gold Standard Building rating for Srijan office complex, Gurugram
  • Four stars GRIHA Pre-Certification for RITES Kolkata Office

Social Achievements

  • Launched ‘Changing Lives’ CSR initiative, contributing ₹14.10 crore
  • 96.74% Customer (client) Satisfaction Index
  • 1.58% Attrition Rate
  • 8,185 man-days Training provided
  • ₹25.43 crore Procurement from MSEs

Governance Achievements

  • Received ICAI Award for Financial Reporting and SAFA Gold Award for Best Presented Annual Report
  • Received ‘Excellent’ grading for Corporate Governance
  • Complied with all applicable environmental laws and regulations

Climate Goals & Targets

Long-term Goals:
  • Continued growth and innovation
  • Consolidating position in the industry
Medium-term Goals:
  • Achieving Net Zero Carbon Emissions by 2030 (REMC Ltd.)

Environmental Challenges

  • Significant downtick in exports revenue
  • Competition from foreign companies in consultancy projects
  • Competition from existing service providers and new entrants
  • Geopolitical and currency risks
  • Policy shift to competitive bidding
  • Opening up of sectors for private participation
  • Changing policy & regulatory environment
Mitigation Strategies
  • Focus on profitability
  • Strategic initiatives
  • Underscoring brand strength and commitment to quality
  • Currency risk management policy
  • Regional management structure to strengthen presence in new growth regions

Supply Chain Management

Responsible Procurement
  • Preferential Procurement Policy for marginalized groups
  • Sourcing from suppliers compliant with social and environmental standards

Climate-Related Risks & Opportunities

Opportunities
  • Growth in green consultancy
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, Companies Act, 2013, Indian Accounting Standards, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Secretarial Standards issued by The Institute of Company Secretaries of India, BRSR

Certifications: ISO 9001:2015, ISO 17020:2012, ISO 17025, ISO 17065:2012, Independent Safety Assessor (ISA)

Third-party Assurance: M/s Pawan Puri & Associates, Chartered Accountants

Awards & Recognition

  • ICAI Award for Excellence in Financial Reporting
  • SAFA Gold Award for Best Presented Annual Report
  • Dream Companies to Work For (Infrastructure) Award

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:4990 tCO2e (Scope 1 & 2 combined)
Scope 1 Emissions:1517 tCO2e
Scope 2 Emissions:3473 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:14389.50 GJ
Water Consumption:16624 KL
Waste Generated:1.76 tons
Carbon Intensity:2.16 MT/Cr (FY23-24)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced carbon emissions (Specific figures not provided, but initiatives mentioned like solar and wind power plants)
  • Reduced energy intensity per rupee of turnover (6.22 GJ/₹ Cr in FY23-24 from 6.03 GJ/₹ Cr in FY22-23)

Social Achievements

  • Received the “Dream Companies to Work For (Infrastructure)” Award by Times Ascent at World HRD Congress-2023
  • Maintained Customer Satisfaction Index above 90%

Governance Achievements

  • Granted Navratna status by DPE
  • Won various awards such as SCOPE award in Institutional excellence category, Corporate Governance award from SCOPE, Best presented Annual Report Award in Corporate Governance from SAFA and ICAI

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Limited experts available with matching capabilities in consultancy business
Mitigation Strategies
  • Adopting a flexible policy for engagement of people with required skill set on regular/contractual/project-based assignments

Supply Chain Management

Supplier Audits: 100% on project sites

Responsible Procurement
  • Sustainable sourcing program
  • Preferential Procurement Policy for marginalized or vulnerable groups

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015, ISO 17020:2012, ISO 17025:2017, ISO 17065:2012, NABET

Third-party Assurance: Akhil Rohatgi & Co.

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Navratna status
  • SCOPE award
  • Corporate Governance award from SCOPE
  • Best presented Annual Report Award from SAFA and ICAI
  • Dream Companies to Work For (Infrastructure) Award