Power Mech Projects Limited
Climate Impact & Sustainability Data (2022-23, 2023-24)
Reporting Period: 2022-23
Environmental Metrics
ESG Focus Areas
- Health, Safety, and Environment
- Corporate Social Responsibility
Environmental Achievements
- Pursuing a policy of avoiding plastic materials at sites.
- Encouraging planting of saplings and nurturing them with care.
Social Achievements
- Providing free medical aid and essential medicines during periodical health camps at sites.
- Providing protected drinking water and better sanitation in labor colonies.
- Covering all workers under comprehensive insurance.
Governance Achievements
- Established a strong organization base to cover proper manning and positioning of domain experts.
- Robust review mechanism is established right from the tendering stage to identify the project and contract risks.
Climate Goals & Targets
Environmental Challenges
- Implementing Safety norms become a challenge due to multiple agencies and high density of operation.
- Cost escalations of customer defaults.
Mitigation Strategies
- Giving due consideration right from planning and procurement of safety equipment to execution at sites.
- Properly hedged during the award stage or the same will also become part of contractual variations during execution.
- Cost to complete (CTC) workings are continuously updated to control project costs.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023-24
Environmental Metrics
Total Energy Consumption:2376316.71 MJ
Water Consumption:9107.77 kilolitres
ESG Focus Areas
- Energy Management
- Water & Waste Management
- Waste & Hazardous Materials Management
- Product Quality & Safety
- Employee Health & Safety
- Product Design & Life-cycle Management
Environmental Achievements
- Planting saplings in site vicinity
- Near-total avoidance of plastic materials at sites
- Aggressive policy of limiting and clearing waste for safe disposal
- Collection and recycling of scraps
Social Achievements
- Building cordial social engineering amongst locals
- Involvement of local people in programs
- Taking care of nearby schools and hospitals
- Frequent visits by management staff to extend help
Governance Achievements
- Establishment of a robust health and safety system, achieving ISO 45001 and ISO 14001 certifications
Climate Goals & Targets
Medium-term Goals:
- Increasing Women representation within the Company to 3% by 2030
Environmental Challenges
- Energy management risks (operational inefficiency, environmental degradation, cost escalation)
- Water & Waste Management risks (water scarcity, pollution, regulatory non-compliance, reputational damage)
- Waste & Hazardous Materials Management risks (pollution, health and safety hazards, regulatory non-compliance, reputational damage)
- Employee Health & Safety risks (accidents, injuries, occupational health hazards)
Mitigation Strategies
- Investing in energy-efficient technologies, implementing Energy Management Systems (EMS), employee training, integrating renewable energy sources
- Adopting water conservation measures, efficient waste management practices, wastewater treatment systems, proper waste disposal
- Implementing stringent waste management protocols, hazardous materials handling procedures, investing in waste treatment technologies
- Implementing robust safety protocols, providing regular training, conducting risk assessments, ensuring compliance with regulations, investing in PPE and emergency response plans
Supply Chain Management
Responsible Procurement
- Due diligence on suppliers
- Sustainable sourcing procedures
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SEBI Guidelines for Business Responsibility and Sustainability Reporting (BRSR)
Certifications: ISO 9001:2015, OHSAS 18001:2007, ISO 14001:2015, ISO 45001
Third-party Assurance: None