Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Health and Safety
• Emission Reduction & Emission Management
• Supply Chain Management
• Data Security and Privacy
• Human Rights, Diversity and Inclusion
• Waste Management
• Water Management
• Human Capital Development
• Economic Performance and Market Share
• Customer Relationship Management
• Biodiversity Management and Land Use
• Corporate Citizenship and Charity

Environmental Achievements

• Reduced carbon footprint through energy efficiency measures and use of alternative energy (avoided 137,022 TCo2e)
• Installed solar power plants in Yamunanagar and Rattangarh units with a cumulative installed capacity of 1750 KwH
• Using RLNG fuel for operating stress-relieving furnaces and pre-heating of welding material processes
• Replaced lower rating air conditioners with five star/inverter type air conditioners (total 156 numbers of such air conditioners have been replaced since last six (6) years).

Social Achievements

• Various behavioural and technical trainings were conducted for employees including workers
• Initiatives to improve employee engagement (health camps, webinars on wellness, yoga classes, fitness challenge program, celebration of festivals)
• Created CNC ‘Centre of Excellence’ at ITI Yamunanagar
• Contribution to Nai Disha Educational & Cultural Society
• Providing Solar Power Systems in Govt. schools
• Contribution to Indian Blinds Sports Association
• Rainwater Harvesting Systems
• Maintenance of existing Solar Power Systems

Governance Achievements

• Complied with all mandatory corporate governance requirements
• Established a Vigil Mechanism/Whistle blower Policy
• Implemented robust Risk Management Policy

Climate Goals & Targets

Environmental Challenges

• High employee attrition (approximately 16%)
• Volatility in commodity and crude oil prices
• Rising cost of logistics
• Shifting from fossil fuels to biomass
• Data security and privacy breach

Mitigation Strategies

• Employee engagement programs, skill upgradation training, compensation benchmarking, employee experience survey
• Hedging activities for Forex risk
• Developing alternative sourcing strategies
• Developing offerings for Biomass fired boilers and waste heat recovery boilers
• Strengthening cyber security by putting in necessary hardware and software resources

Supply Chain Management

Supplier Audits: 85%

Responsible Procurement

• Comprehensive supplier/ vendor assessment before onboarding

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Guidelines on Responsible Business Conduct (NGRBC)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ASME U-2, U, S, ‘R’ Stamp of National Board with ‘NB’ certification, ‘CE’ Marking for supply to European Union, IBR Approval, Class 1 fabricator of Fusion welded pressure from Lloyd’s Register of Shipping, approval for Liquefiable Gas Containers and license from China safety and quality

Third-party Assurance: SCV & Co. LLP

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Health and Safety
• Emission Reduction
• Supply Chain Management
• Data Security and Privacy
• Human Rights
• Waste Management
• Water Management
• Human Capital Development
• Economic Performance
• Customer Relationship Management
• Biodiversity Management
• Corporate Citizenship

Environmental Achievements

• 1750 KW Solar Power Plants operational in its factories, generating 20.78 lakh units of solar power valued at Rs. 1.56 crores.
• ISO 14001 certification

Social Achievements

• Implementation of numerous initiatives to establish a resilient health and safety management system with a goal towards developing a “Zero Accident Culture” across the operations.
• Great Place to Work® Institute initiatives like ‘Dil Se Bolo,’ prioritizing workplace satisfaction.

Governance Achievements

• Robust Code of Conduct, Vigil Mechanism/Whistleblower Policy, and regular policy reviews aligned with evolving ESG standards.

Climate Goals & Targets

Environmental Challenges

• Health and Safety risks associated with a large workforce across various locations.
• Emission reduction challenges.
• Data security and privacy risks due to cyber threats.
• Potential human rights breaches or failure to adhere to legal standards.
• Waste management challenges.
• Economic fluctuations and market uncertainties.

Mitigation Strategies

• ISO 45001:2018 certification for Occupational Health and Safety Management Systems, regular internal and external audits, health check-up camps and webinars.
• Investment in 1750 KW Solar Power Plants, upgrading air conditioning systems, and using RLNG fuel.
• Data security policy aligned with ITGC, firewall setups, advanced software solutions, strict authentication protocols, cyber security insurance.
• Human Resource policy prohibiting discrimination, standalone Prevention of Sexual Harassment at Workplace (POSH) policy, human rights due diligence processes.
• 3-R principle (Reduce, Reuse, Recycle), minimizing plastic usage, e-waste management, ETP-cum- STP plant.
• Proactive approach to market intelligence, product development, and strategic partnerships.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Thorough assessments of potential suppliers or vendors before onboarding, focusing on financial and legal compliances, health and safety measures.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001:2015, ISO 45001:2018, ASME U-2, U, S, ‘R’ Stamp of National Board with ‘NB’ certification, ‘CE’ Marking, IBR Approval

Third-party Assurance: Not applicable

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed