Climate Change Data

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.

Supply Chain Management

Climate-Related Risks & Opportunities