Lakshmi Machine Works Limited
Climate Impact & Sustainability Data (2016-04 to 2017-03, 2022-23)
Reporting Period: 2016-04 to 2017-03
Environmental Metrics
ESG Focus Areas
- Social
- Community Development
Social Achievements
- Restoration of historical buildings and sites in Srirangam, Tamil Nadu
- Renovation of TNEB substation in Thekkupalayam, Coimbatore District
- Eye camp in Perianaickenpalayam, Coimbatore District
- Renovation of Perianaickenpalayam Railway station, Coimbatore District
- Bone marrow transplant treatment support through Narayana Hrudalaya Pvt Ltd
- Construction of toilets under Swachh Bharat Mission in Coimbatore
- Renovation work at Vellamadai Government School, Coimbatore district
- Construction of crematorium at Koduvai, Tirupur District
- Construction of City Center for GKNM hospital, Coimbatore District
- Nagaland Skill Development Programme in Chumukedima, Dimapur District, Nagaland
- Spine Surgery & Rehabilitation Programme at Ganga Hospital, Coimbatore District
- Village adoption and infrastructure development in Palamalai, Coimbatore District
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-23
Environmental Metrics
Total Carbon Emissions:62086 tCO2e/year
Scope 1 Emissions:42,661.73 tCO2e/year
Scope 2 Emissions:19,424.37 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:99,74,41,86,272 kJ/year
Water Consumption:3,49,015.96 kilolitres/year
Waste Generated:13,847.45 metric tonnes/year
Carbon Intensity:0.00000013 tCo2e per Rupee (FY2022-23), 0.000000058 tCo2e per Rupee (FY2021-22)
ESG Focus Areas
- Emissions
- Energy
- Waste Management
- Efficient Resource Utilisation
- Occupational Health & Safety
- Training & Education
- Product Quality
- Customer Satisfaction
- Business Ethics
- Innovation
- Human Rights
- Community Development
Environmental Achievements
- Reduced energy consumption through initiatives like replacing sodium vapour lights with LEDs and exploring low-carbon fuel options.
- 10 MW Solar Power Generation Plant at Kondampatti, Coimbatore and 28 windmills with a total capacity of 36.80 MW installed to offset emissions.
- Implemented Zero Liquid Discharge (ZLD) mechanism at its plants.
- Recycles more than 10% of production waste.
Social Achievements
- Provided training programs on various principles of NGRBCs to employees and workers.
- Implemented a comprehensive Environment, Occupational Health, and Safety Management System (EOHS) across all sites, certified to ISO 45001.
- Implemented grievance redressal mechanisms for employees and workers.
- Initiatives for community development, such as installing solar streetlights in remote areas and collaborating with NGOs.
Governance Achievements
- Established anti-corruption and anti-bribery policies.
- Implemented a whistleblower mechanism.
- Board of Directors and committees oversee Business Responsibility policies.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Increased carbon footprint contributing to climate risk.
- Energy-intensive manufacturing processes.
- Significant waste generation.
- Non-adherence to ethical standards.
Mitigation Strategies
- Emission reduction initiatives and exploring low-carbon fuels.
- Internal target to offset 100% energy consumption with renewable energy.
- Waste recycling and reuse initiatives, disposal through authorized vendors.
- Building awareness and trainings on ethical business practices, effective mechanisms for compliance.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Code of Conduct
- Sustainability principles incorporated into supply chain practices
Climate-Related Risks & Opportunities
Physical Risks
- Climate change-induced instability impacting infrastructure and economic capabilities
Transition Risks
- Not disclosed
Opportunities
- Shifting towards renewable energy
Reporting Standards
Frameworks Used: Null
Certifications: ISO 45001:2018, ISO 14001:2015, ISO 9001:2015, ISO/IEC 17025:2017, Pressure Equipment Directive 2014/68/EU, AS9100D, NADCAP, GreenCo Platinum
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed