Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Generated 8.17 million units of electricity from a 5.6 megawatt wind farm; sold 8,778 RECs, generating ₹8.8 million in revenue.
• Transferred real estate business undertaking to a subsidiary, focusing on green building certifications (IGBC).

Social Achievements

• Launched an Employee Development Programme for higher education; implemented a performance management system using Darwin box.
• 100% of employees assisted through MediBuddy employee assistance programme; 100% of employees vaccinated against Covid-19.
• 46% gender diversity ratio.

Governance Achievements

• Adopted a Code of Conduct for Board of Directors and Senior Management; implemented a Whistle Blower Policy / Vigil Mechanism.

Climate Goals & Targets

Environmental Challenges

• Unpredictable wind energy generation; sluggish market for Renewable Energy Certificates (RECs).
• Increased commodity prices impacting real estate project costs.
• Fluctuation in iron ore and coking coal prices (KFIL).

Mitigation Strategies

• Improved monitoring system for wind farm operation and maintenance; secured Open Access Permission from MSEDCL.
• Strategic sourcing of coking coal; agreement for conversion of coal to coke (KFIL).
• Various measures to control project costs within the overall Project Plan (Avante).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Companies Act, 2013, Indian Accounting Standards, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Third-party Assurance: Kirtane & Pandit LLP, Chartered Accountants

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 5.5 MWp Captive solar plant at KOEL Kagal plant (addl. 2.68 MWp under installation)
• 34% Renewable energy share at KOEL Kagal facility
• 445.18 MWh energy conserved at KPCL
• 3% Reduction in Carbon Footprint at KFIL
• Plastic waste to fuel plant within campus of 125 Kg/Day; 8246 lit poly fuel generated at KOEL Kagal
• 47.61 tons scrap reused; 28.89 KL oil recovered; 14814 kLwater recycled at KPIL
• 210,059 kLrain / storm water collected & reused
• 61.47 Ton Carbon sequestrated in KOEL Kagal through tree plantation
• KOEL’s manufacturing plant at Kagal is Carbon Neutral Certified as CII ‘Greenco Platinum Plant’ for the year 2021, Recipient of Golden Peacock Award for Energy Efficiency for a third consecutive year

Social Achievements

• 1.12 Lost time injury rate (LTIR) at KFIL
• Zero Accidents reported across all plants for KOEL
• INR 14.5 Million CSR spends by KPCL with a 95.4 CSR satisfaction index
• 19,530 People benefited through CSR activities by KFIL; 4.53 Crore Spent on CSR; 42 Employees Volunteered
• 93% Customer satisfaction score at KFIL
• Preferential Procurement of materials from local and MSME suppliers

Governance Achievements

• Strong governance framework
• Balanced boards with a good mix of Independent and non-independent directors
• Group -wide code of conduct rolled out which encompasses a policy framework for ethical business parties across the value chain
• Third -party Ethics Helpline in place for whistleblower complaints

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Preferential Procurement of materials from local and MSME suppliers

Climate-Related Risks & Opportunities

Awards & Recognition

• Golden Peacock Award for Energy Efficiency (KOEL)

Environmental Metrics

ESG Focus Areas

• Employee health and safety
• Business ethics
• Responsible supply chain
• Circular economy
• Talent management
• Community relations
• Human rights
• Climate action
• Sustainable innovation
• Data privacy
• Corporate Governance
• Transparent Disclosures

Environmental Achievements

• Avante Spaces Limited (Avante), a wholly-owned subsidiary, received a pre-certification of ‘Platinum Rating’ from the Indian Green Building Council (IGBC) for its first project ‘One Avante’.

Social Achievements

• Launched Employee Stock Appreciation Rights (ESARs) to enhance employee retention.
• Launched Senior Leadership Development Programme and Future Leaders Programme.
• Implemented Employee Development Policy to support employees pursuing higher education.
• Supported around 100 youth from different parts of India in FY 2024 through vocational training.

Governance Achievements

• Established a robust risk management framework.
• Implemented various policies including Whistleblower Policy, Board Diversity Policy, and ESG Policy.
• Voluntary assurance for Business Responsibility and Sustainability Report (BRSR).

Climate Goals & Targets

Environmental Challenges

• Inflationary pressure and elevated policy rates in the real estate market.
• Commodity price inflation and availability of labor in the real estate and manufacturing sectors.
• Supply chain disruptions (implied).

Mitigation Strategies

• Continuous monitoring of market trends and government policies.
• Maintaining strong relationships with stakeholders.
• Diversifying product portfolio.
• Strategic mergers and acquisitions.
• Regular internal audits.
• Continuous innovation and equipment upgrades.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Integrating environmental, ethical, and social performance factors into supplier selection and evaluation.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Innovations in emissions, energy efficiency, and renewable energy.

Reporting Standards

Frameworks Used: BRSR (SEBI LODR), NGRBC (MCA)

Certifications: IGBC Platinum (One Avante)

Third-party Assurance: BDO India LLP

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed