Marine Electricals (India) Limited
Climate Impact & Sustainability Data (2015-07-06 to 2021-07-06, 2016-04 to 2017-03, 2017-04 to 2018-03, 2019-2020, 2022-04 to 2023-03)
Reporting Period: 2015-07-06 to 2021-07-06
Environmental Metrics
ESG Focus Areas
- Healthcare
- Sanitation
- Education
- Rural Development
- Facilities for Senior Citizens
- Medical Aid
- Old Aged Homes
- Women Hostels
- Animal Welfare
- Conservation of Natural Resources
- Protection of National Heritage
- Contribution to funds set by the Central or State Government for development and welfare of Scheduled Castes, Scheduled Tribes and minorities
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2016-04 to 2017-03
Environmental Metrics
ESG Focus Areas
- CSR
- Energy Conservation
- Quality
- Technology Absorption
- Workforce Diversity
Environmental Achievements
- Certified plants to meet ISO 14001 (Environmental Management System)
- Initiatives to integrate energy efficiency into overall operations resulting in energy savings
Social Achievements
- Contributed to Amrita Trust and Access Life Assistance Foundation (NGOs) for healthcare, medical assistance, education, and nutrition for underprivileged and cancer patients.
- 21% women employees, including senior positions
Governance Achievements
- Adequate internal financial controls were in place and effective during FY 2016-17.
- No known instances of fraud during the year.
Climate Goals & Targets
Medium-term Goals:
- Solar business initiatives to start bearing results in coming years
Short-term Goals:
- Expansion of manufacturing facilities with a new facility estimated to start commercial production by March 2018
Environmental Challenges
- Challenging year due to structural changes initiated by the Government (Demonetization, GST implementation)
Mitigation Strategies
- Initiatives in solar business as a future growth area
- Introduction of lean manufacturing and process improvements to increase productivity and reduce errors and wastages
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2017-04 to 2018-03
Environmental Metrics
ESG Focus Areas
- Sustainability
- Corporate Social Responsibility (CSR)
- Quality
- Safety
- Energy Conservation
- Technology Absorption
Environmental Achievements
- Certified plants to meet ISO 14001:2015
- Initiatives to integrate energy efficiency into overall operations resulting in savings
Social Achievements
- Contributed Rs. 660,000 to Amrita Trust for healthcare and medical assistance to weaker sections of society
- 10% women employees, including senior positions
Governance Achievements
- Established vigil mechanism pursuant to provisions of Section 177(9) of the Companies 2013
- Devised a Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition and Redressal) Act 2013
Climate Goals & Targets
Environmental Challenges
- Challenging year due to structural changes like the introduction of Goods and Service Tax
- Global uncertainty affecting Indian businesses
- Possibility of not meeting certain delivery obligations
- Keeping pace with rapid changes in technology
- Disruption or suspension in the production process
- Maintaining confidentiality of technical knowledge and process know-how
- Varied results for different operating periods
Mitigation Strategies
- Focus approach and support of global and local vendors and customers
- Constantly review the risk management of the Company and ensure its effectiveness
- Systematically address major risks through mitigating actions
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007
Reporting Period: 2019-2020
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Lower GDP and sluggish global economy.
- Coronavirus pandemic adversely affected operations.
- Cost overruns and delays in maiden Solar projects.
Mitigation Strategies
- Focus on core activities; withdrew from turnkey EPC solar projects.
- Investment in developing EV charging solutions.
- Focus on professional development and talent retention.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: ISO 9001, ISO 14001, OHSAS 28001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Social Achievements
- Several initiatives to promote EV charging solutions through its subsidiary Evigo Charge Private Ltd.
- Entered into new collaborations with several Government and private bodies for EV charging solutions.
Climate Goals & Targets
Environmental Challenges
- Disruptions in the supply chain, surging commodity prices, heightened inflationary pressures, and escalating interest rates.
Mitigation Strategies
- Innovative and creative adaptation to emerging situations and adaptive fiscal discipline to sustain, deliver, survive and grow.