SWELECT Energy Systems Limited
Climate Impact & Sustainability Data (2023-04-01 to 2024-03-31, 2023-2024)
Reporting Period: 2023-04-01 to 2024-03-31
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023-2024
Environmental Metrics
Renewable Energy Share:80% (SHPV, aiming for 100%)
ESG Focus Areas
- Sustainability
- Net-Zero emissions
- Carbon Border Adjustment Mechanism (CBAM) compliance
- Environmental, Social, and Governance (ESG) standards
Environmental Achievements
- 80% of SHPV powered by solar energy, aiming for 100%
- Near total capacity manufacturing operations reflecting readiness to meet increasing demands for sustainable solutions
Social Achievements
- 33% women workforce at SHPV, soon to be 50%
- Employer of choice by creating a value-driven work culture
- Various social welfare activities to enhance internal team-building cohesion
Governance Achievements
- Upholding integrity, ethics and accountability at the highest level
- Maintaining a mutually beneficial long-term relationship with stakeholders
Climate Goals & Targets
Environmental Challenges
- Policy uncertainties and lack of long-term vision in the Indian solar industry
- Geopolitical tensions and trade disputes causing supply chain disruptions
- Grid integration issues
- Land acquisition and permit procurement challenges
Mitigation Strategies
- Diligent monitoring of domestic and international market dynamics
- Proactive engagement of leadership team to mitigate potential risks
- Establishment of a Risk Management Committee
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Wind Solar Hybrid with BESS
- HMI based SCB/String monitoring
- Multimode Grid farming bi-directional battery inverter
Awards & Recognition
- National Awards for Excellence - Manufacturer of the Year 2023
- Soft Disk Solar Awards 2023 (multiple awards)
- Global Manufacturing Leadership Awards 2023 - Top Manufacturing Company