Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety, Health, and Environment
• Corporate Social Responsibility

Environmental Achievements

• Received ISO 14001:2017 certification for Environment
• Implemented operational controls for impact management, resulting in substantial reduction in work-related adverse incidents.
• Pursue energy conservation measures such as replacing incandescent lights with CFLs or LEDs, switching off unnecessary lights, and using ENERGY STAR products.

Social Achievements

• Implemented a comprehensive Safety manual and Standard Operating Procedures to ensure accident-free working on its sites.
• Regularly arranges for safety-related training and conducts mock drills.
• Provides proper health and medical services to all its employees, including primary medical care services at workplaces and first aid centers at sites.

Governance Achievements

• Established a strong Enterprise Risk Management (ERM) framework.
• Implemented a robust risk monitoring system at the enterprise level.
• Developed a policy on Related Party Transactions for the purpose of identification and monitoring of such transactions.

Climate Goals & Targets

Environmental Challenges

• Competition from domestic and international construction companies.
• Inability to honour obligations and contractual terms.
• Risks from unnatural events like fire, theft, and accidents.
• Political risks affecting projects.

Mitigation Strategies

• Strong differentiation in project execution, quality, and timely delivery.
• Investments in latest technology and building people power.
• Strong balance sheet providing competitive edge.
• Contingency plans to insulate the Company from unfortunate events.
• High safety and security standards.
• Risk policies such as Workmen Compensation Insurance Policy/Fidelity Insurance Policy.
• Government initiatives to reduce red-tapism and fast-track projects.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, ISO 14001, OHSAS 18001

Awards & Recognition

• Vishwakarma Award 2018 (multiple awards)
• Infra (FM Excellence) Conference & Awards 2018 (Trophy)
• Skoch Order of Merit 2017
• Indian Concrete Institute 2017

Environmental Metrics

ESG Focus Areas

• Safety
• Health
• Environment
• CSR
• Human Rights

Environmental Achievements

• Achieved ISO 14001:2015 certification for Quality, Environment, and Health & Safety
• Implemented 3R’s (Reduce, Reuse and Recycle) at project sites to minimize waste
• Initiatives to conserve energy (CFLs/LEDs, natural lighting, energy-efficient products)
• Water conservation measures (sedimentation tanks, desalination plants, wastewater treatment)

Social Achievements

• Completed Pediatrics Intensive Care Unit (PICU) project in Muzaffarpur, Bihar, without any COVID-19 cases during construction
• Implemented POSH (Prevention of Sexual Harassment of Women at Workplace) Act, 2013, PAN India
• Focus on employee welfare (clean drinking water, garbage disposal, pest control, health services)
• Employee training and career development programs
• Increased focus on competency building of fresh recruits through Digital Initial Learning Program

Governance Achievements

• Established a robust Enterprise Risk Management (ERM) framework
• Implemented a robust billing and collection system to minimize credit exposure
• Meticulous evaluation of project legal and contractual risks by experienced project management and legal teams
• Subscribed to various insurance policies (Workers Compensation, Contractors All Risk, ESIC)
• Adopted a Code of Conduct for Prevention of Insider Trading

Climate Goals & Targets

Environmental Challenges

• Liquidity crunch in the real estate market
• Stringent regulatory compliance for developers
• Contractual risks (quality, timelines, confidentiality)
• Political risks (instability, negative policies)
• Execution risks (meeting client expectations)
• Competition in the construction market
• Directors and Officers Liability Risks
• Assets and Inventory Risks (unnatural events)
• Workmen availability and productivity
• COVID-19 pandemic impact on supply, demand, and growth

Mitigation Strategies

• Well-laid down credit policy, customer profile screening
• Robust billing and collection system, aggressive receivables management
• Focus on government projects
• Experienced project management and legal team, ‘No consequential losses’ clause
• Insurance coverage (Workers Compensation, Contractors All Risk, ESIC)
• Strong business model, experienced team, IT infrastructure, channel partners
• Strong balance sheet position, free cash flows, investment in competencies and technology
• Contingency plans, loss prevention measures, insurance coverage
• Digital solutions for mobilising, on-boarding, and monitoring workmen productivity
• Business continuity management program, remote work enablement, employee support

Supply Chain Management

Responsible Procurement

• Sustainable sourcing (local raw materials)
• Engagement with vendors to enhance quality standards

Climate-Related Risks & Opportunities

Awards & Recognition

• ET-Now - Star of the Industry Awards (Best Infrastructure company, MD of the year, Influential leader)
• GRIHA Exemplary Performance Award (Indian Institute of Management, Nagpur)
• HSE Excellence Best CSR Initiative of the Year
• Udyog Rattan Award
• ET NOW Presents Real Estate Awards
• BAM Honouring the Best in Real Estate

Environmental Metrics

ESG Focus Areas

• Safety
• Health
• Environment
• Corporate Social Responsibility

Environmental Achievements

• Reduced work-related incidents (quantified data not available in report)
• Obtained ISO 14001:2015 certification for Environmental Management System

Social Achievements

• Organised periodic health camps and check-ups for employees
• Implemented digital solutions for mobilising, onboarding and monitoring the productivity of workmen
• Maintained focus on People, Process, and Technology, resulting in a talent-driven and high-performance organisation

Governance Achievements

• Established a well-documented and robust risk management framework
• Constituted Risk Management Committee
• Implemented a Whistle Blower Policy

Climate Goals & Targets

Environmental Challenges

• Economic slowdown and changes in regulatory environment
• Contractual obligations for quality, timeliness, protection of confidential information
• Intense competition
• Supply chain disruptions
• Labour shortage
• Liquidity crunch
• COVID-19 pandemic

Mitigation Strategies

• Capitalising on growing market opportunities
• Professional and highly experienced project management and legal team
• State-of-the-art infrastructure, unmatched capabilities and a comprehensive product range
• Strong relationships with major clients
• Multiple relief measures to support construction contractors (Government support)
• New jobsite protocols (social distancing, thermal scanning, disinfection)
• Robust Safety, Health and Environment (SHE) management system
• Business continuity management program
• Phased and safe return-to-work plan

Supply Chain Management

Responsible Procurement

• Procuring raw materials from local & small producers

Climate-Related Risks & Opportunities

Awards & Recognition

• National Safety Council of India 2021 Prashansa Patra
• Construction Industry Development Council (Vishwakarma Award 2021)
• GRIHA Exemplary Performance Award
• Construction Week India Awards (Charanjeet Walia)

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Employee Well-being
• Health & Safety
• Human Rights & Labour Conditions
• Client Experience

Environmental Achievements

• Reduced air emissions (NOx, SOx, PM) compared to the previous year (Specific figures available in the report).

Social Achievements

• Skill-based training programs for over 5000 youth in construction and allied skills per year.
• 100% of permanent employees covered by PF, Gratuity, and ESI.

Governance Achievements

• Implementation of a whistleblower policy.
• Establishment of a Risk Management Committee.

Climate Goals & Targets

Environmental Challenges

• Maintaining client satisfaction.
• Ensuring health and safety of employees and workers.
• Managing skilled manpower needs.

Mitigation Strategies

• Policy revisions and upgrades.
• Technological upgradations and reviews.
• Skill-based training programs.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Client Experience & Satisfaction
• Corporate Governance
• Business Ethics
• Employee & Workforce Engagement, Wellbeing
• Health & Safety
• Human Rights & Labour Conditions
• Skilled Manpower
• Environmental
• Social
• Governance

Social Achievements

• Skill based trainings (ten program spread across the country train over 7000 youth in construction and allied skills per year).

Governance Achievements

• Policy revision/ upgradation/ Board review
• Whistle blower policy and its deployment

Climate Goals & Targets

Environmental Challenges

• Client Experience & Satisfaction
• Corporate Governance
• Business Ethics
• Employee & Workforce Engagement, Wellbeing
• Health & Safety
• Human Rights & Labour Conditions
• Skilled Manpower

Mitigation Strategies

• Policy revision/ upgradation/ Board review
• Whistle blower policy and its deployment
• Training/ awareness/ technological upgradation/ review at senior level and Board committee
• Skill based trainings

Supply Chain Management

Climate-Related Risks & Opportunities