Climate Change Data

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