NRB Industrial Bearings Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Energy Consumption:47,47,968 KWh/year
ESG Focus Areas
- Sustainability
- Social Responsibility
- Safety
Environmental Achievements
- Installed Solar plant of 367 Kwp capacity, resulting in power saving of Rs 10 lakhs per year
Social Achievements
- Organized Safety Week at Shendra plant with fire safety training and mock drills
- Organized health checkups for employees
- Implemented a zero-tolerance policy for harassment
Governance Achievements
- Annual performance evaluation of the Board of Directors, its Committees and Individual Directors
- Adopted a Vigil Mechanism / Whistle Blower Policy
Climate Goals & Targets
Environmental Challenges
- Supply chain disruptions due to the Russia-Ukraine war
- Fluctuations in export business due to geopolitical issues
- Price volatility in raw materials
Mitigation Strategies
- Cost containment and resource optimization
- Restructuring actions to address changing demand
- Investing in R&D for new solutions and innovative bearing solutions
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Ind AS
Third-party Assurance: Deloitte Haskins & Sells
Awards & Recognition
- JIPM Award for TPM Excellence in Category ‘A’