Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment, Health, and Safety (EHS)
• Corporate Social Responsibility (CSR)
• Governance

Environmental Achievements

• Reduced oil consumption
• Reduced coolant changing frequency
• Reduced overall natural resource depletion
• Reuse of wooden pallets
• Reduced Scope I and II emissions

Social Achievements

• Donated ₹11.76 lakh to Pragatee Foundation for children's sports
• Sponsored ₹100,000 to MCCIA for MSMEs' participation in Sustainability Dialogue 2022
• Provided road safety awareness at Diploma Polytechnic College, Siddapur
• Donated ₹2,00,000 to Vedanta Cultural for education and research

Governance Achievements

• All plants certified for IATF 16949:2016, ISO 14001:2015, and ISO 45001:2018

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the pandemic, semiconductor chip shortage, freight and shipping container issues
• Increased raw material costs
• Volatile commodity prices and high freight costs
• Volatile demand from China and Korea
• Changes in consumer buying behavior post-pandemic
• Meeting early deadlines for parts supply

Mitigation Strategies

• Stronger client communication (phone and virtual meetings)
• Appointing Quality Resident Engineers at customer plants
• Monitoring commodity and currency movements
• Assigning key account managers
• Adapting sales strategies to virtual engagements
• Forecasting semiconductor chip demand and procuring adequate materials
• Using spot prices for shipments and engaging with multiple freight forwarders
• Leveraging sourcing offices in Germany and South Korea
• Focusing on local raw material sourcing (90% by value)

Supply Chain Management

Responsible Procurement

• Sourcing parts and products from 12 countries
• Local sourcing of raw materials (90% by value)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001:2015, ISO 45001:2018, IATF 16949:2016

Awards & Recognition

• Best Supplier award from Toyota Kirloskar Auto Parts Private Limited (2021-22)
• CII quality and organizational development awards (three times)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced waste generation by 45%
• Implemented rainwater harvesting projects
• Installed rooftop solar panels (160 KWP)
• Achieved ISO 14001:2015 certification

Social Achievements

• Employee retention rate of 85%
• Average employee training hours of 6.67 per year
• CSR expenditure of ₹1.2 crore impacting 1000+ lives
• Zero injury cases

Governance Achievements

• Established a robust system of internal controls
• Complied with all applicable laws and regulations
• Implemented a whistleblower policy

Climate Goals & Targets

Environmental Challenges

• Lower volume of transfer case and export sales due to end-of-life cycle programs and lower margins on domestic components
• Supply chain disruptions due to various factors (e.g., reduced EV production by OEMs, management restructuring at an OEM)
• Mismatch between projected demand and supply in the defense sector

Mitigation Strategies

• Launched EV transmission products
• Strengthened export order book
• Engaged in active development projects (₹600 crore worth of RFQs)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• QEHS Policy
• Supplier quality manual requirements

Climate-Related Risks & Opportunities

Physical Risks

• Erratic weather

Transition Risks

• Shifting consumer demand towards EVs
• Tightening environmental regulations

Opportunities

• Growth in the EV market

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001:2015, ISO 45001:2018, IATF 16949:2016

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• EV transmissions

Awards & Recognition

• Not disclosed