Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Sustainable Products and Services
• Employee Well-being
• Stakeholder Engagement
• Human Rights
• Environmental Protection
• Responsible Public Policy Engagement
• Inclusive Growth and Equitable Development
• Responsible Customer Engagement

Environmental Achievements

• Reduced dependence on conventional electrical energy by 5% compared to 2019-20, supplemented by renewable sources.
• Maintained energy consumption at 0.68 units per kilo of production.
• Practicing Zero Water discharge for the past 4 years through water recycling.
• Implemented new technology for mold cooling to reduce cycle time and improve product quality.
• Developed eco-friendly, safe, and energy-efficient products.
• Recycled and reused process wastes and used crates/pallets from customers.

Social Achievements

• Launched new products addressing COVID-19 needs (Quick Covid Bed, Nilkamal Isolation Bed, Nilkamal Quarantine Covid Bed).
• Developed returnable packaging to reduce use of cardboard boxes.
• Developed plastic dividers/separators for warehouse racking systems, improving operator safety.
• Developed a 1.5 ltr capacity Freeze free Vaccine carrier box.
• Provided safety & skill up-gradation training to employees.
• Engaged in ‘V30Winner’ project to provide opportunities to disadvantaged employees.
• Undertook CSR projects in education, healthcare, hygiene, and sanitation, and rural development.

Governance Achievements

• Implemented Code of Business Ethics, Code of Conduct, Whistle Blower Policy, Insider Trading Prohibition Code, and Anti-Sexual Harassment Policy.
• Established mechanisms for receiving and dealing with stakeholder complaints.
• Annually assessed Business Responsibility performance.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Preference given to local suppliers, providing training and resources.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: National Voluntary Guidelines (NVGs) on Social, Environmental and Economic Responsibilities of Business, Companies Act, 2013

Certifications: ISO 9001-2015, ISO 14001-2015, ISO 50001-2018, ISO 45001:2018, BIFMA Level 3, Green Guard

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Quick Covid Bed, Nilkamal Isolation Bed, Nilkamal Quarantine Covid Bed, returnable packaging, plastic dividers/separators, Vaccine carrier box

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Occupational Health and Safety
• Environmental Safety
• Reputation
• Social Responsibility
• Supply Chain Management
• Emission Reduction
• Risk Management
• Employee Wellbeing

Environmental Achievements

• Reduced carbon emission (details in Annexure C of Annual Report)
• Initiatives to monitor and reduce energy consumption
• Increased usage of green energy for manufacturing
• Zero Liquid Discharge mechanism in place (water discharged used for gardening)

Social Achievements

• CSR initiatives focusing on education, community upliftment, and healthcare
• Health and safety trainings for employees and workers
• Well-being measures for employees (health insurance, accident insurance, maternity benefits)
• 100% return to work rate for female employees who took maternity leave

Governance Achievements

• Code of Business Ethics addressing bribery and corruption
• Grievance redressal mechanisms for various stakeholder groups
• Regular performance reviews for employees and workers

Climate Goals & Targets

Environmental Challenges

• Safety risks associated with manufacturing operations
• Supply chain management risks due to high dependency on limited suppliers
• Risk of bad publicity on social media
• Inadequacy of risk mapping and management system

Mitigation Strategies

• Adherence to safety standards and EHS policy
• Maintaining relationships with multiple suppliers
• Active monitoring of social media and crisis management plan
• Addressing product complaints and ensuring compliance with regulatory norms
• Risk Management Committee to address potential threats

Supply Chain Management

Supplier Audits: 0%

Responsible Procurement

• Sourcing from world-class manufacturers constantly upgrading technology and R&D

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business

Certifications: ISO 45001:2018, ISO 9001-2015, ISO 14001-2015, ISO 50001-2018, BIFMA Level 3, Green-guard

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Occupational Health and Safety (OHS)
• Environment Safety
• Safety risk
• Reputation
• Social responsibility towards society
• Supply Chain Management
• Reduction in emission of carbon and other hazardous gases / phasing out lead stabilers
• Risk Management and Cyber Security
• Employee Wellbeing
• Energy conservation
• Nature positive
• Safe workplace
• equitable & inclusive workplace
• Water stewardship
• Ethics, transparency, quality and accountability
• governance
• Sustainable supply chain management

Environmental Achievements

• Reduced carbon emission (details in Annexure – C to the Directors’ Report at page 27 of the Annual Report FY 2023-24)
• Increased usage of green energy for manufacturing activities
• 100% of industrial treated water used for gardening

Social Achievements

• Formalized process of earmarking a portion of profits for social projects (Education, Employment enhancing vocation skills, Promoting healthcare)
• Prioritizing employee well-being leading to increased productivity and efficiency
• 100% return to work and retention rate for employees on parental leave

Governance Achievements

• Policies confirm with the standards laid in the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business issued by the Ministry of Corporate Affairs, Government of India and also of the requirements of the Companies Act, 2013, BIFMA Level 3 and Green-guard certifications from UK cert, ISO 45001:2018, International Standards namely ISO 9001 - 2015, ISO 14001 -2015, ISO 50001- 2018 etc.

Climate Goals & Targets

Environmental Challenges

• Occupational Health and Safety (OHS) risks associated with business activities and processes
• Safety risks from manufacturing operations
• Bad publicity arising out of any act/inaction by the Company
• Supply chain risks due to high dependency on limited suppliers
• Inadequacy of risk mapping and management system

Mitigation Strategies

• Continuous assessment of health and environmental risks, Grievance redressal mechanism, Remedial actions
• Adherence to safety standards, EHS Policy, highest operational standards for handling hazardous materials
• Active monitoring of social media, crisis management plan, addressing product complaints, compliance with regulatory norms, strengthening corporate governance
• Maintaining relationships with multiple suppliers to ensure uninterrupted supplies
• Risk Management Committee to take timely actions on actual and potential threats

Supply Chain Management

Supplier Audits: 0%

Climate-Related Risks & Opportunities

Opportunities

• Reduction in emission of carbon and other hazardous gases

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business

Certifications: ISO 45001:2018, ISO 9001 - 2015, ISO 14001 -2015, ISO 50001- 2018, BIFMA Level 3, Green-guard

Third-party Assurance: Not applicable for FY 2024