Tube Investments of India Limited
Climate Impact & Sustainability Data (2022-23, 2023-04 to 2024-03)
Reporting Period: 2022-23
Environmental Metrics
Total Carbon Emissions:27,000 tCO2e (Scope 1 & 2)
Scope 1 Emissions:1,861.22 tCO2e
Scope 2 Emissions:25,049.44 tCO2e
Renewable Energy Share:10.5%
Water Consumption:297,358.17 kilolitres
Waste Generated:29,407.97 metric tonnes
ESG Focus Areas
- Climate Change
- Human Capital Development
- Responsible Supply Chain
- Corporate Governance
- Community Relations
Environmental Achievements
- Increased renewable energy consumption by 8% compared to FY 2021-22
- Renewable energy consumption is 10.5% of total energy consumed
- Railway Division achieved Zero to Landfill
Social Achievements
- Various employee engagement activities related to employee health, social responsibility, and employee assistance programs
- 36% of fresh campus recruits are females
- CSR spending of INR 69 lakhs
Governance Achievements
- Improved Credit Rating of ‘IND AA’ from India Ratings & Research
- Repaid all long-term debts
- Settled all guarantee obligations to lenders
Climate Goals & Targets
Environmental Challenges
- Climate change impacts on supply chain, sourcing, and business strategy
- Supply chain disruptions
- Volatility in raw material prices and currency fluctuations
Mitigation Strategies
- Emissions and resource management initiatives
- Local procurement
- Renewable energy addition to energy portfolio
- Energy efficiency initiatives
- Sound hedging policies
- Price variation clauses in contracts
- Indigenous vendor development
- Cost reduction projects
- Continuous monitoring of key commodities and availability
- Alternative sourcing strategies
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Supply Chain Sustainability Policy
- Focus on local/domestic suppliers
- Reduction in logistics distance
- Reduction in packaging plastics
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, BIS IS1180
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:46,252 + 62,081 = 108,333 tCO2e/year
Scope 1 Emissions:46,252 tCO2e/year
Scope 2 Emissions:62,081 tCO2e/year
Total Energy Consumption:14,20,022 GJ/year
Water Consumption:5,95,031 KL/year
Waste Generated:16,495 tons/year
Carbon Intensity:0.20 in 2023-24; 0.21 in 2022-23
ESG Focus Areas
- Climate Change Action
- Water Management
- Waste Management
- Product Stewardship
- Responsible Supply Chain
- Occupational Health and Safety
- Employee Wellbeing
- Human Rights
- Social Responsibility and Equitability
- Customer Centricity
- Economic Performance
- Confidentiality
- Compliance
Environmental Achievements
- 18.18% reduction in CO2 emission (baseline 2020-21 data)
- 3.47% reduction in energy use intensity (baseline 2020-21 data)
- 27.49% reduction in water use intensity (baseline 2020-21 data)
- 23.72% reduction in waste generation intensity (baseline 2020-21 data)
- 100% Zero Liquid Discharge Company
Social Achievements
- Numerous wellness initiatives for employees
- Over 100% increase in training man-days for all employees year-on-year
- Over 95% of TII operations achieved ISO 45001 certification
- 6% gender diversity in permanent employees
- Various CSR initiatives focusing on education, infrastructure, healthcare and community development
Governance Achievements
- Governance policies based on upholding ethics, transparency, and timely disclosures
- Code of Conduct applicable to Directors and Senior Management
- Processes in place to avoid/manage conflicts of interest involving Board members
Climate Goals & Targets
Medium-term Goals:
- Reduce GHG emissions by 50% by 2030
- Reduce energy intensity by 10% by 2030
- Reduce water intensity by 50% by 2030
- Reduce waste generation by 50% by 2030
- Achieve 10% gender diversity by 2030
- Implement high impact CSR programs
Short-term Goals:
- Supplier code of conduct
- Materiality assessment of key suppliers by FY 2024-25
- 75% of supplier assessment by FY 2025-26
- Encourage employees to participate in wellness initiatives
- 100% increase in training man-days for all employees year-on-year
- 100% compliance towards OHSAS certification and ensure “Zero Incident work culture”
Environmental Challenges
- Climate Change (increasing awareness and concern among stakeholders)
- Water Management (responsibility towards preserving and conserving water)
- Waste Management (reducing waste generation from operations)
- Responsible Supply Chain (formulating a sustainable supply chain program)
- Occupational Health and Safety (promoting a ‘Zero incident work culture’)
- Confidentiality (IT/cyber security risks)
- Compliance (ensuring adherence to applicable regulations)
Mitigation Strategies
- Roadmap to increase renewable energy footprint and reduce use of low calorific fuels
- Rainwater harvesting, effluent treatment plants (ETPs), process improvements to reduce water consumption
- Circular economy principles (Reduce, Reuse, Recycle), proper waste disposal
- Sustainable supply chain program to assess social and environmental practices of suppliers
- Health and safety training, ‘Zero incident work culture’
- Secure data environment, firewall, private network, antivirus software
- Relentless efforts to ensure compliance, use of digital tools to track regulatory compliance
Supply Chain Management
Responsible Procurement
- Supplier code of conduct
- Materiality assessment of key suppliers
- Sustainable supply chain program
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards, Greenhouse Gas (GHG) protocol, National Guidelines on Responsible Business Conduct (NGRBC)
Certifications: ISO 45001, ISO 14001, ISO 9001, IATF 16949, ISO 3834 - 2, EN 15085 - 2, IRIS ISO/TS 22163
Third-party Assurance: Sundaram & Srinivasan, Chartered Accountants