The Indian Hume Pipe Company Limited
Climate Impact & Sustainability Data (2021-02-11, 2022-04 to 2023-03, 2023-03 to 2024-03)
Reporting Period: 2021-02-11
Environmental Metrics
ESG Focus Areas
- Eradicating hunger, poverty and malnutrition
- Promoting healthcare, sanitation, and safe drinking water
- Promoting education and employment skills
- Promoting gender equality and empowering women
- Ensuring environmental sustainability
- Protecting national heritage, art and culture
- Supporting armed forces veterans
- Promoting rural sports
- Contributing to socio-economic development funds
- Supporting research and development projects
- Rural development projects
- Slum area development
- Disaster management
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:326.65 Metric tonnes of CO2 equivalent
Scope 1 Emissions:8.67 Metric tonnes of CO2 equivalent
Scope 2 Emissions:317.98 Metric tonnes of CO2 equivalent
Scope 3 Emissions:NA
Renewable Energy Share:Not disclosed
Total Energy Consumption:6685.18 Giga Joules
Water Consumption:122,238.50 kilolitres
Waste Generated:587.50 metric tonnes
Carbon Intensity:0.061 Metric tonnes per Lakh (FY2023), 0.042 Metric tonnes per Lakh (FY2022)
ESG Focus Areas
- Health & Safety
- Environmental Sustainability
- Employee Well-being
- Human Rights
- Community Engagement
Environmental Achievements
- Reduced energy consumption by 12.7%
- Reduced water consumption (though exact figures aren't provided, a reduction is implied by the water intensity per rupee of turnover)
Social Achievements
- Organized training programs on safety and health, and Covid-19 awareness at various locations.
- Donation of medical equipment to hospitals (GE 9100c NXT Anaesthesia Workstation, Philips Affinity CVX Ultrasound System, Ophthalmic Surgical Microscope, FeNO system).
Governance Achievements
- Implemented a Code of Conduct for all Directors and Senior Management Personnel.
- Established a Vigil Mechanism administered by the Audit Committee.
- Complied with all mandatory clauses of Corporate Governance requirements.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Replacing existing lighting, air conditioners, and other electronic appliances with energy-efficient equipment.
Environmental Challenges
- Steep rise in commodity prices (steel, cement, etc.) affecting input material availability and profitability.
- Increased competition from manufacturers of alternative pipe materials.
- Covid-19 pandemic challenges impacting order intake and project implementation.
Mitigation Strategies
- Efforts to reduce costs and improve yield.
- Better productivity levels.
- Cost-cutting measures and fund conservation during uncertain times.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Vendor selection based on past performance, capabilities, and adherence to labor and environmental standards.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Indian Accounting Standards (Ind AS)
Certifications: ISO 9001:2015, BIS License
Third-party Assurance: K. S. Aiyar & Co., Chartered Accountants
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023-03 to 2024-03
Environmental Metrics
Total Carbon Emissions:456.03 Metric tonnes of CO2 equivalent (Scope 1 & 2)
Scope 1 Emissions:11.13 Metric tonnes of CO2 equivalent
Scope 2 Emissions:444.90 Metric tonnes of CO2 equivalent
Scope 3 Emissions:NA
Total Energy Consumption:8561.06 Giga Joules
Water Consumption:133328.50 kilolitres
Waste Generated:1010.98 metric tonnes
Carbon Intensity:456.03 Metric Tonnes per Lakh
ESG Focus Areas
- Health & Safety
- Employee Well-being
- Community Investment
- Environmental Sustainability
- Responsible Procurement
Environmental Achievements
- Reduced energy intensity per rupee of turnover from 1.24 Giga joules/Lakh to 0.53 Giga joules/Lakh
- Reduced water intensity per rupee of turnover from 22.78 K.ltrs./Lakh to 8.19 K.ltrs./Lakh
- Reused 924.79 metric tonnes of concrete waste (FY2023-24) and 504.19 metric tonnes (FY2022-23)
Social Achievements
- Donated Anaesthesia Workstations, Ultrasound System, PFT machine, and Electric Drill Machine to various hospitals in Mumbai.
- Donated medical equipment to hospitals through Ratanchand Hirachand Foundation.
- Conducted various training programs for employees on technical topics, health and safety.
Governance Achievements
- Implemented procedures and adopted practices in conformity with the code of Corporate Governance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Implemented Code of Conduct for all its Directors, Promoter & Promoter’s Group, Designated Persons and their immediate relatives for dealing in the Company’s shares.
- Maintained cordial relationship with bankers and trade creditors.
Climate Goals & Targets
Environmental Challenges
- Increased competition from medium/large scale construction entities and availability of substitutes such as alternative pipe materials.
- Price fluctuations of key raw materials (steel, cement, etc.).
- Short and delayed supplies of DI Pipes affecting project progress.
- Sluggish overseas demand impacting domestic market prices.
Mitigation Strategies
- Continued efforts to reduce costs and improve yield.
- Better productivity levels.
- Close watch on evolving scenarios and adapting to changing environment.
- Negotiated and settled demands of workmen at Karari II factory; negotiations ongoing at other factories.
Supply Chain Management
Responsible Procurement
- Vendor selection based on past performance and capabilities; contracts include provisions for abolition of child labour, worker welfare, and environmental screening.