Greaves Cotton Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:126.30 tCO2eq/MwH (Scope 1) and 6,815.51 tCO2eq/MwH (Scope 2)
Scope 1 Emissions:126.30 tCO2eq/MwH
Scope 2 Emissions:6,815.51 tCO2eq/MwH
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:45,440.55 GJ/year
Water Consumption:103,446.37 KL/year
Waste Generated:1,466.60 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Sustainability
- Social Well-being
- Governance and Ethics
Environmental Achievements
- Reduced waste by adopting recyclable pallets (~220 tonnes of corrugated boxes annually) and reusing carton boxes.
- Reduced plastic waste by returning polythene covers to vendors (~200 tonnes annually).
- Implemented Zero Liquid Discharge in Aurangabad and Ranipet plants.
- Rainwater harvesting and reuse of treated wastewater for gardening.
Social Achievements
- Implemented various employee well-being measures including health insurance, accident insurance, and maternity benefits.
- Conducted training programs on health and safety, skill upgradation, and leadership.
- Implemented grievance redressal mechanisms including SAMVAAD and a Whistle Blower Policy.
Governance Achievements
- Implemented a Code of Conduct emphasizing ethical conduct and anti-corruption measures.
- Established a Supplier Code of Conduct promoting responsible business practices.
- Conducted Human Rights due diligence at some plant sites.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Product safety and quality risks.
- Sustainable supply chain risks (environmental issues, cost increases, regulatory issues).
- Protection of human rights risks.
- Occupational health and safety risks.
- Cybersecurity and data privacy risks.
Mitigation Strategies
- Stringent quality control methods and ISO 9001:2015 implementation.
- Supplier Code of Conduct, due diligence of suppliers, training and awareness programs.
- Human Rights Policy and assessment of operations on Human Rights aspects.
- Occupational health and safety management system, training and awareness programs.
- Strong systems, processes, and policies to ensure data privacy and protect against cybersecurity risks, business continuity plan.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: National Guidelines on Responsible Business Conduct (NGRBCs), United Nations Sustainable Development Goals (SDGs)
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, IATF 16949:2016
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 1
- Goal 2
- Goal 3
- Goal 4
- Goal 5
- Goal 6
- Goal 7
- Goal 8
- Goal 9
- Goal 10
- Goal 11
- Goal 12
- Goal 13
- Goal 14
- Goal 15
- Goal 16
- Goal 17
Mapped against NGRBC principles.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:9539.9 tCO2e (Scope 1 & 2)
Scope 1 Emissions:1356.97 tCO2e
Scope 2 Emissions:8182.93 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:75,078.92 GJ
Water Consumption:117,016.92 kl
Waste Generated:2,579.84 tons
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Sustainability
- Social Well-being
- Governance and Compliance
Environmental Achievements
- Reduced energy consumption through various initiatives like cold testing of engines, installation of energy-efficient equipment, and solar rooftop systems.
- Implemented Zero Liquid Discharge approach at several plants, reusing treated wastewater for gardening.
- Reduced waste generation through recycling and reuse of materials.
Social Achievements
- Implemented various employee well-being measures, including health insurance, accident insurance, and maternity benefits.
- Conducted human rights due diligence across manufacturing facilities.
- Provided training programs on health and safety, skill upgradation, and human rights.
Governance Achievements
- Established robust policies and procedures for ethical conduct, transparency, and accountability.
- Implemented an anti-corruption and anti-bribery policy.
- ESG & CSR Committee responsible for sustainability-related decisions.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Product safety and quality risks.
- Sustainable supply chain risks.
- Environmental sustainability challenges.
- Protection of human rights risks.
- Occupational health and safety risks.
- Cybersecurity and data privacy risks.
- Corporate governance and regulatory compliance risks.
Mitigation Strategies
- Stringent quality controls and standard operating procedures.
- Supplier Code of Conduct, due diligence, and training programs.
- Investing in environmental sustainability initiatives.
- Human Rights Policy and assessment of plant operations.
- Robust occupational health and safety management system and training programs.
- Strong systems, processes, and policies for data privacy and cybersecurity.
- Measures to enhance governance practices and ensure regulatory compliance.
Supply Chain Management
Supplier Audits: 34% of value chain partners assessed for ESG criteria
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: BRSR
Certifications: ISO 9001:2015, IATF 16949:2016, ISO 14001:2015, ISO 45001:2018
Third-party Assurance: Agile ESG Advisors Private Limited
UN Sustainable Development Goals
- Goal 1
- Goal 2
- Goal 3
- Goal 4
- Goal 5
- Goal 6
- Goal 7
- Goal 8
- Goal 9
- Goal 10
- Goal 11
- Goal 12
- Goal 13
- Goal 14
- Goal 15
- Goal 16
- Goal 17
Initiatives mapped against SDGs and NGRBC principles.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed