Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Development
• Governance

Environmental Achievements

• Planted 14,702 trees of 54 different species.
• Conserved 83,532 cubic meters of water.
• Collected and recycled 422 kg of plastic waste.
• Installed 11,903 bird conservation units.
• Converted 69,504 kg of recyclable waste materials into innovative products.

Social Achievements

• Strengthened over 200 Village Development Committees (VDCs).
• Supported over 130 Self Help Groups (SHGs) women members.
• Screened 150 patients in eye screening camps and identified 138 for cataract surgeries.
• Installed 2 Reverse Osmosis (RO) plants benefiting 7,580 villagers.
• Treated 3,658 malnourished children.

Governance Achievements

• Successfully implemented Debt Resolution Plan.
• Restructured outstanding FCCBs.
• Improved turbine availability to meet industry benchmark of 97% in Australia.

Climate Goals & Targets

Environmental Challenges

• Low tariffs in the wind energy market.
• Grid and land availability issues.
• Payment issues for renewable energy projects.
• COVID-19 pandemic.
• Exponential increase in commodity prices (steel).

Mitigation Strategies

• Developed alternative sourcing strategies.
• Implemented cost reduction measures.
• Leveraged technology for Operations and Maintenance (O&M).
• Ensured COVID-19 safe operations.
• Debt restructuring.

Supply Chain Management

Responsible Procurement

• Expansion of vendor base
• Localization and standardization of components

Climate-Related Risks & Opportunities

Physical Risks

• Extreme climatic and environmental conditions

Transition Risks

• Market competitiveness
• Low tariffs

Opportunities

• Development of energy-efficient products

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)

Suzlon's wind turbine generators mitigate environmental degradation and contribute to clean energy access.

Sustainable Products & Innovation

• S120-140
• S128-140
• S133-140
• S133 (140m and 160m Hybrid Tubular-Lattice tower)

Awards & Recognition

• Company of the Year: IT & Data Analytics (Wind)

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Synergy with Community
• Employee Safety and Development
• Uninterrupted supply of renewable energy and reducing GHG emissions
• Expansion and Growth
• Governance

Environmental Achievements

• Ongoing LED replacement drives resulting in significant CO2 emission reduction and annual energy savings.
• Wind turbines supplying renewable energy to Suzlon-owned facilities (5,773,718 MW), and additional solar panel electricity generation (47,844 KW).

Social Achievements

• Launched 3,582 impactful CSR projects, reaching over 10 lakh community households in 555 villages.
• Implemented the ‘Suz-HOOK’ program for collecting and controlling household plastic garbage, replicated in hundreds of villages.

Governance Achievements

• Robust corporate governance structure enhancing shareholder prosperity and balancing environmental, social, and economic goals.
• Established a Nomination and Remuneration Committee (NRC) overseeing the selection of board members.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions, inadequate raw materials, increased commodity prices, heightened logistical costs, and higher GST on renewable energy equipment.
• Pressure to execute projects while maintaining profitability.

Mitigation Strategies

• Achieved higher production than the previous year (annual supplies increased from 204 MW to 808 MW).
• Implemented cost optimization initiatives, debt restructuring, and refinancing strategies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Creating alternative sources through vendor base expansion, localization, and standardization of components.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events damaging wind turbines and disrupting operations.

Transition Risks

• Changing investor sentiment, difficulty attracting investment, divestment by socially responsible investors.

Opportunities

• Feed-in tariffs, tax credits, renewable portfolio standards, innovation and technological advancements, brand and reputation enhancement.

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: ISO 45001:2018, ISO 14001:2015 (at most locations)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7, SDG 13, SDG 8, SDG 9, SDG 5

Initiatives related to affordable and clean energy, climate action, decent work and economic growth, industry, innovation and infrastructure, and gender equality.

Sustainable Products & Innovation

• Customizable 3 MW product series, S144 wind turbine with a larger rotor.

Awards & Recognition

• WTG Daman Plant received Gold category in National Awards for Manufacturing Competitiveness (FY21 and FY22); Daman Panel plant awarded Gold category in Quality Circle Forum of India.

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced Scope 1 emissions by 57% from FY20 to FY23
• Reduced Scope 3 emissions from WTG manufacturing from 21,506,283 tCO2e in FY22 to 9,875,338 tCO2e in FY23
• 40% reduction in concrete, steel, and water requirement in wind turbine foundations by shifting from tubular to lattice wind turbine tower
• Extending the useful life of Wind Turbine Generators (WTGs) from 20 to 25 years.
• Collected and recycled more than 4,500+ kgs of plastic waste in 115 villages and 46 locations via the Suz-HOOK initiative

Social Achievements

• Conducted over 2,570+ impactful CSR events, reaching over 30 Lakh villagers and 10 Lakh households
• Installed more than 6,800 bird conservation units under the ‘Zero Sparrow Deaths’ programme, benefitting 19,500+ birds of 24 species
• Conserved 110+ kiloliters of water in the drought-prone areas, benefitting 6,200+ villagers
• Provided primary health care inputs to 2,300+ villagers through general health camps
• Upskilled women and supported them with tailoring machines to prompt their livelihood

Governance Achievements

• Formalisation of a comprehensive organisation-wide ESG practice
• Implementation of an automated compliance monitoring tool
• 100% of critical suppliers assessed on social and environmental parameters
• 100% of employees covered under health, accident insurance and maternity, paternity, Provident Fund and gratuity benefits
• Zero cases of violations of environmental laws and regulations during FY23

Climate Goals & Targets

Environmental Challenges

• Climate change induced physical risks impacting wind turbine sites (cyclones, reduced wind power potential, extreme heat, water scarcity, inland flooding)
• Transition risks (regulatory and legal risks, evolving investor sentiment)
• Market competition (poor financial position of distribution companies, high inflation, new OEMs)
• Project development challenges (land acquisition, grid capacity)
• Cyber security risks

Mitigation Strategies

• Rigorous R&D for improved turbine efficiency and material utilization
• Liability management program and refinancing proposal to improve financial position
• Incorporating renewable energy sources to mitigate transition risks
• 24 x 7 Security Information and Event Management (SIEM) system, third party vulnerability analysis and data loss prevention tools to mitigate cyber security risks
• Compliance monitoring tool to track compliance across departments and verticals

Supply Chain Management

Supplier Audits: 100% of critical suppliers assessed

Responsible Procurement

• Screening of suppliers for compliance with social and environmental standards (ISO 14001, ISO 9001, ISO 45001)

Climate-Related Risks & Opportunities

Physical Risks

• Cyclones
• Reduced wind power potential
• Extreme heat
• Water scarcity
• Inland flooding

Transition Risks

• Regulatory and legal risks
• Evolving investor sentiment

Opportunities

• Government of India's commitment to renewable energy

Reporting Standards

Frameworks Used: GRI Standards 2021, SASB Standards – Wind Technology & Project Developers

Certifications: ISO 14001, ISO 45001, ISO 27001:2013

UN Sustainable Development Goals

• SDG 7
• SDG 12
• SDG 13
• SDG 15
• SDG 3
• SDG 8
• SDG 10
• SDG 6
• SDG 11
• SDG 5
• SDG 9
• SDG 16
• SDG 17

CSR initiatives are aligned with various SDGs

Sustainable Products & Innovation

• S144- 140m wind turbine
• Hybrid lattice wind turbine towers

Awards & Recognition

• Golden Peacock National Training Award
• Indian Green Manufacturing Challenge awards

Environmental Metrics

ESG Focus Areas

• Environmental Responsibility
• Social Responsibility
• Governance

Environmental Achievements

• Reducing the overall weight of wind turbine components and consumables
• Local vendor development promoted
• Waste generated is managed responsibly; waste sent to cement company as alternate fuel; waste material recycled and reused within plants
• Actively incorporating renewable energy sources
• Planned climate risk assessment (physical and transition risks) to ensure alignment with TCFD/IFRS S2 disclosures

Social Achievements

• Investments in community welfare programs benefiting 869 villages, reaching over 40 Lakh villagers and 9 Lakh households
• A culture of safety where employees feel empowered to report hazards
• Comprehensive health hazard identification and mitigation system in place
• Regular trainings provided to employees
• Health checkup for all employees and workers carried out during induction and annually

Governance Achievements

• Maintaining a high standard of corporate governance
• Robust governance framework with all projects adhering to stringent regulatory and compliance standards
• Code of Ethics for Directors and Senior Management
• Corporate Governance Policy including a Code of Ethics for all stakeholders
• Whistleblower policy in place

Climate Goals & Targets

Environmental Challenges

• Depletion of natural resources and consumption of energy from fossil-based sources in manufacturing wind turbines
• Climate change induced physical risks impacting wind turbine sites; variability of wind affecting output; extreme climatic events hampering maintenance activities
• Management of waste, such as turbine blades
• Health and safety hazards intrinsic to manufacturing, commissioning and operations & maintenance activities
• Supply chains exposing to ESG risks such as depletion of natural resources, human rights abuses, workforce health and safety incidents
• Maintaining a high standard of corporate governance across a diverse portfolio spread over numerous decentralized and often remote operating locations

Mitigation Strategies

• Reducing the overall weight of wind turbine components and consumables; local vendor development
• Incorporating renewable energy sources; conducting climate risk assessment
• Partnering with authorized waste management vendors; focusing on waste handling and management and on strengthening adoption of sustainability using 3 R’s (Reduce- Reuse-Recycle) Principles; sending waste to cement company as alternate fuel; recycling and reusing waste material
• Developing a culture of safety; implementing Kaizen 5 S at Plant Level; regular trainings; maintaining Hazard Identification and Risk Assessment (HIRA), Site- specific Emergency Response Plan (ERP), First Aid Register and Accident Investigation Register (AIR); tracking incidents for root cause analysis; annual health checkups
• Onboarding suppliers meeting quality, cost effectiveness, timeliness and ESG considerations; conducting supplier audits and vendor meets; developing a comprehensive supply chain management framework
• Consistently maintaining a robust governance framework; adhering to stringent regulatory and compliance standards

Supply Chain Management

Responsible Procurement

• Suppliers are onboarded only if they meet the requisite parameters – quality, cost effectiveness, and timeliness apart from ESG considerations
• Paying attention to the suppliers’ impact on human rights – child labour, fair wages, and others
• Supplier Assessment Questionnaire

Climate-Related Risks & Opportunities

Physical Risks

• Extreme climatic events such as cyclones, extreme rainfall or heat waves hampering maintenance activities

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards, TCFD, IFRS S2, UNGC, SDGs, ILO

Certifications: ISO 9001, ISO 14001:2015, ISO 45001, OHSAS 18001

Third-party Assurance: SGS India Private Limited