Lokesh Machines Limited
Climate Impact & Sustainability Data (2022-23)
Reporting Period: 2022-23
Environmental Metrics
ESG Focus Areas
- Environmental responsibility
- Social responsibility
- Governance
Environmental Achievements
- Implemented significant controls in the usage of compressors, reducing power consumption.
- Pune unit hosted a sewage treatment plant (STP) that efficiently treats water, allowing for extensive recycling.
- Actively engaged in tree plantation during the monsoons, promoting environmental conservation.
Social Achievements
- Prioritised the health and well-being of employees.
- Invested in various learning and development programmes for employees.
- Contributed to community development around manufacturing facilities and collaborated with NGOs for financial assistance for education and rural development.
Governance Achievements
- Implemented a comprehensive governance framework adhering to high ethical standards.
- Held six Board meetings during the year.
- Established a Vigil Mechanism for directors and employees to report genuine concerns.
Climate Goals & Targets
Long-term Goals:
- Achieve water and carbon neutrality.
Medium-term Goals:
- Bolster production in the defence segment to meet growing demand.
Short-term Goals:
- Reduce costs across various aspects of operations to enhance competitiveness and efficiency.
- Expand into new territories and explore untapped markets.
Environmental Challenges
- Rising commodity prices and supply chain disruptions.
- Stiff competition from foreign manufacturers.
- Shortage of skilled labor.
Mitigation Strategies
- Focused supply chain management approach and strict cost controls.
- Expanding the promotion of machines in the non-automotive sector.
- Investing in training employees and upgrading technology through strategic partnerships.