Climate Change Data

NAVA LIMITED (formerly Nava Bharat Ventures Limited)

Climate Impact & Sustainability Data (2023-24)

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:2,08,95,519.31 GJ (Total Energy Consumed)
Scope 1 Emissions:28,72,497.62 Metric tonnes of CO2 equivalent
Scope 2 Emissions:1,06,565 Metric tonnes of CO2 equivalent
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:2,08,95,423.66 GJ (Non-renewable)
Water Consumption:35,65,151 kilolitres
Waste Generated:6,96,917.57 metric tonnes
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Energy Management
  • Waste & Materials Management
  • Ecological Impacts
  • Employee Health & Safety
  • Responsible Sourcing
  • Human Rights
  • Community Engagement

Environmental Achievements

  • Reduced electricity consumption from the grid by approximately 16% in FY2023-24.
  • Developed an in-house method to recycle GCP Dust, a by-product of Si-Mn alloy production.
  • Implemented a zero liquid discharge program.
  • Achieved 100% utilization of fly ash.

Social Achievements

  • Provided training and education to all employees on various topics, including health and safety, waste management, and energy management.
  • Implemented a robust grievance redressal mechanism for employees and workers.
  • 80% of wages paid to persons employed in rural areas in FY2023-24.

Governance Achievements

  • Risk Management Committee oversees sustainability issues.
  • Comprehensive Anti-Corruption or Anti-Bribery Policy in place.
  • All policies evaluated internally.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce electricity consumption from the grid by 3% year-on-year.
  • Enhance product environmental and social impacts by 3% by 2025.
  • Provide ESG training to all employees by March 2025.
  • Ensure sustainable sourcing and supplier assessment.

Environmental Challenges

  • Energy-intensive production processes reliant on non-renewable energy sources.
  • Significant waste generation during production.
  • Ecological impacts from resource extraction and emissions.
  • Risks to employee health and safety.
  • Supply chain disruptions due to coal price volatility and reduced availability.
Mitigation Strategies
  • Energy efficiency initiatives (LED lighting, aerodynamic blades, VFD).
  • Efficient waste management strategies.
  • Environmental assessments and biodiversity conservation measures.
  • Comprehensive safety training programs, safety equipment, and risk assessments.
  • Enhancing supply chain transparency and risk management strategies.

Supply Chain Management

Supplier Audits: 100% of new and existing supply chain partners evaluated on environmental, health, safety, and sustainability parameters.

Responsible Procurement
  • Supplier/Vendor Code of Conduct encompassing EHS and Human Rights criteria.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018

Third-party Assurance: None

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed