Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced total emission per crankshaft produced from 0.206 t-CO2 to 0.195 t-CO2 due to increased productivity and efficiency.
• Achieved TS 14001:2015 accreditation for Environmental Management System.
• ISO 45001:2018 certification in 2020 for occupational health and safety.

Social Achievements

• Reduction in near misses, turnover rates, and scrap costs due to improved on-the-job training for new hires.
• Implemented a Remote Working Policy to safeguard employee health and safety.
• No complaints received regarding sexual harassment, child labor, forced labor, or human rights violations.

Governance Achievements

• Established a robust risk management framework.
• Implemented a whistle-blower policy and mechanism.
• No incidents of corruption or anti-competitive behavior in FY 2020-21.

Climate Goals & Targets

Environmental Challenges

• 24% increase in total energy consumption and GHG emissions in 2020-21 due to a 51% increase in production volume.
• 13% increase in water consumption in 2020-21 due to increased production volume.

Mitigation Strategies

• Improving energy efficiency and investing in alternative and renewable power generation sources.
• Implementing a strong and sustainable waste management system.
• Developing NayaRefine technology to reduce the environmental footprint of lead production.

Supply Chain Management

Responsible Procurement

• Encouraging local sourcing from India
• Zero tolerance for human rights abuses
• Appropriate clauses and checks in contracts to prevent child labor and forced labor

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products
• Hydrogen Fueling Stations
• Lithium Recycling

Reporting Standards

Frameworks Used: GRI Standards: Core option, UNGC Ten Principles, SDGs, NVG-SEE

Certifications: ISO 9001, ISO 14001:2015, ISO 45001:2018, ISO/TS 16949:2009

Third-party Assurance: Deep Sharma & Associates

UN Sustainable Development Goals

• SDG 7: Affordable and Clean Energy
• SDG 8: Decent Work and Economic Growth
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action
• SDG 15: Life on Land
• SDG 16: Peace, Justice and Strong Institutions
• SDG 17: Partnerships for the Goals

Sustainable Products & Innovation

• NayaRefine technology
• Hydrogen Fueling Stations
• Lithium Recycling
• Modular Battery System (MBS)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Carbon Neutrality
• ESG
• New Energy Sphere

Environmental Achievements

• Goal of being Carbon Neutral by 2030

Social Achievements

• Joined the United Nations Global Compact Program

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Global supply chain disruptions
• Raw material and semiconductor shortages
• Geopolitical conflicts

Mitigation Strategies

• Diversified product, industry, and geography strategy
• Backward integration through lease cum acquisition agreements for cost optimization
• Expansion into new industries (Railways, Defence, global mobility majors)

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

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implemented best-in-class technology for manufacturing operations to limit ecological footprint
• Implemented environment, health, and safety (EHS) management systems at all plants

Social Achievements

• Comprehensive employee training and skill development programs
• Fostering a culture of continuous improvement

Governance Achievements

• Robust internal control system
• Board of Directors oversees the effectiveness of internal control system

Climate Goals & Targets

Environmental Challenges

• Economic risks from fluctuations in international crude oil and product markets
• Financial risks such as foreign exchange rate fluctuations and exposure to borrowings
• Competition risks from both existing businesses and established international players
• Operational risks like pilferage, labor unrest, and unplanned facility shutdowns
• Security and fraud risks, including cybersecurity threats, data leaks, and physical security issues
• Reputational risks impacting brand value
• Environmental risks due to the impact of business activities on the environment and rising compliance costs from emerging regulations
• Compliance risks from tax disputes and litigation
• Risks from changes in government policies that could affect profitability and business operations

Mitigation Strategies

• Ongoing mitigation strategies across various business segments and functions
• Risk assessment and management conducted at multiple levels
• Measures to mitigate environmental risks
• Robust supply chain strategy to anticipate potential disruptions
• Diversification of suppliers and implementation of contingency plans

Supply Chain Management

Supplier Audits: 71%

Responsible Procurement

• Stringent environmental, legal, and ethical standards for suppliers
• Supplier sustainability code

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 9001, ISO 45001, ISO 14001, IATF 16949