Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Social Prosperity
• Financial Growth and Stability
• Community Development
• Health
• Livelihood for Women and Farmers
• Biodiversity Conservation
• Climate Change Mitigation
• Employee Well-being
• Safety
• Responsible Supply Chain Management
• Ethical Business Conduct
• Governance

Environmental Achievements

• Energy savings of 36,715 GJ
• Planted 100,000 trees, sequestering around 5,500 tonnes of CO2
• Recycled/reused water: 598,816 m3 (9.2% of total water withdrawal)
• Total recycled material: 6,234 metric tonne

Social Achievements

• Reached 529,717 people through health awareness activities, 118,913 received treatment
• Launched Mobile Medical Unit for truckers' health checks
• Supported livelihood initiatives for 947 women, 618 trained in income generation
• Improved farming practices for 1,393 women and 1,473 male farmers
• Constructed 324 household toilets and one end-of-life tyre playground
• Reduced lost-time incidents from 80 to 59

Governance Achievements

• Implemented a robust internal control framework
• Established a vigil mechanism/whistleblower policy
• Conducted annual performance evaluation of the Board, Committees, and individual Directors
• Held a separate meeting of Independent Directors
• Complied with all applicable Secretarial Standards

Climate Goals & Targets

Environmental Challenges

• Raw material price volatility (natural rubber, crude oil)
• Inability to pass on cost increases to consumers
• Economic slowdown in key markets
• Radialization levels in India
• Manpower retention
• High levels of Chinese tyre imports in India

Mitigation Strategies

• Business performance enhancement programme
• Diversified market base
• Entry into two-wheeler segment
• Advanced R&D facilities
• Highly automated Greenfield plant in Hungary
• Building OE capability in Europe
• Intensified risk management systems

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Centralized purchase function
• Preference for domestic suppliers
• Partner Code of Conduct
• Green Procurement
• REACH compliance
• PAH-free tyres
• Supplier audits
• Supplier performance evaluation
• CSR initiatives at supplier premises

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: International Integrated Reporting (IR) Framework, SEBI LODR 2015, ISO 26000

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• All steel radial tyres for light commercial vehicles
• Puncture-free two-wheeler tyres
• TPMS sensors

Awards & Recognition

• Flame Awards Asia 2017
• SNEMA 2016
• Campaign India Digital Crest Awards 2017
• QCFI 2017
• ICQCC 2017
• Compliance Team 2017
• ABCI Award 2017
• Golden Peacock Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Circular Economy
• Responsible Value Chain
• People-Centric Approach
• Community Engagement
• Sustainability Governance Model

Environmental Achievements

• Reduced Scope 1 emission intensity by 23.3% and Scope 2 emission intensity by 29.5% compared to FY20.
• Increased renewable electricity share to 22.7% in FY24 (target 30% by FY26).
• Reduced total Scope 1 & Scope 2 emissions by 5.5% compared to FY23.
• Saved 1,18,142.0 GJ of energy, avoiding 16,200 tCO2 emissions.
• Reduced water withdrawal intensity by 24.43% compared to FY19.
• Recycled 49% of total water withdrawal globally in operations.
• Increased recycled input material to 4.8% (from 1.40% in FY23).

Social Achievements

• Certified as a Top Employer in Singapore, London, The Netherlands, and Hungary.
• Received Great Place to Work for India certification.
• Reached 9.3% gender diversity in permanent employees.
• Conducted human rights risk assessment and awareness sessions.
• Improved customer complaint resolution satisfaction score from 64% in FY23 to 70% in FY24.
• Impacted over 1.23 million beneficiaries through CSR initiatives in FY24.

Governance Achievements

• Signed the Science Based Targets initiative (SBTi) commitment to be Net Zero by 2050.
• Established an Internal Carbon Pricing (ICP) mechanism.
• Conducted double materiality assessment.
• Implemented a comprehensive Data Protection Policy.
• Conducted third-party based supply chain ESG assessments.
• No cases of corruption & bribery or anti-competitive conduct reported.

Climate Goals & Targets

Environmental Challenges

• Combating Climate Change
• Weaker international markets and economic downturn
• Supply chain risks
• Raw material price volatility
• Competition
• Cyber Attacks
• Manpower and Labour

Mitigation Strategies

• Decarbonisation roadmap to reduce Scope 1 and Scope 2 emissions.
• Strategies to reduce Scope 3 emissions across the value chain.
• Sustainable water practices, including wastewater recycling.
• Robust risk management framework.
• Strategic investments in state-of-the-art cybersecurity tools and technologies.
• Internal Risk Committees (IRCs) review risk registers.
• Supplier engagement to onboard them in the Company’s decarbonisation journey.

Supply Chain Management

Supplier Audits: 63 existing suppliers audited in FY24

Responsible Procurement

• Apollo Tyres Sustainable Procurement Policy (ATSPP)
• Apollo Sustainable Natural Rubber Policy (ASNRP)
• Supplier Code of Conduct
• ISO 20400:2017 compliance
• Use of environment friendly and sustainable materials
• Online supplier portal for operational management

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards, UN Sustainable Development Goals (UNSDGs), CSRD expectations

Certifications: ISO 50001:2018 (Energy Management System), ISO 46001:2019 (Water efficiency - Chennai plant), ISO 14001 (Environmental Management System), ISO 45001 (Occupational Health and Safety Management System)

Third-party Assurance: TÜV India Private Limited

UN Sustainable Development Goals

• SDG 3 (Good Health and Well-being)
• SDG 6 (Clean Water and Sanitation)
• SDG 8 (Decent Work and Economic Growth)
• SDG 13 (Climate Action)
• SDG 15 (Life on Land)
• SDG 17 (Partnerships for the goals)

CSR initiatives aligned with SDGs; details provided in the report.

Sustainable Products & Innovation

• Durable ULRR tyre technology for EVs
• Lightweight technology concepts in TBR Drive tyres
• Compounds with improved mileage for 2-wheelers
• Sustainable puncture sealant technology

Awards & Recognition

• Great Place to Work
• Top Employer
• SEEM National Energy Management Award
• Brandon Hall Group HCM Excellence Award (Bronze)
• Open Innovation Leader Award
• Excellence in DevOps Collaboration
• Learning Technologies Awards (Gold)
• MotorScribes Auto Awards
• Bureau of Indian Standards Certificate of Appreciation
• ISO 46001:2019 certification
• Outstanding Project Award
• CII Gujarat State level QCC Convention Awards
• Best Technical Paper Award at SAE International conference
• 4th National Water Award 2022
• Miyawaki Forest Award 2023
• CSR Awards 2024
• Geo Excellence Award 2024
• CSR Times Gold Award 2023
• John Deere Supplier Sustainability Award 2024
• Mahindra & Mahindra Supplier Sustainability Award 2024