Climate Change Data

Environmental Metrics

Social Achievements

• Many initiatives have been taken to support business through organizational efficiency, process change support and various employee engagement programmes which has helped the Organization achieve higher productivity levels.
• In its pursuit to attract, retain and develop best available talents, several programmes are regularly conducted at various levels across the Company.

Governance Achievements

• The Company has constituted an Internal Compliant Committee (ICC) on 15th May 2014 as required by the Sexual Harassment of Women at workplace (Prevention, Prohibition and Redressal) Act, 2013.

Climate Goals & Targets

Environmental Challenges

• The overall power situation, increasing power cost, labour cost, consumables cost and general inflation will pose a threat to the Indian forging Industry.
• Higher level of Automation will become order of the day and your Company will strive to focus on these areas to remain competitive in the Market.
• Cold forging division although relying less on power is located in Tamil Nadu and will be potentially exposed risk of power fluctuation in line with prevailing scenario in the state.

Mitigation Strategies

• During the Year 2014-15, LGB Forge Limited had continued to execute the cost control measures identified by 2013-14.This has helped the Company to become leaner in terms of cost structure.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Social Achievements

• Many initiatives have been taken to support business through organizational efficiency, process change support and various employee engagement programmes which has helped the Organization achieve higher productivity levels.
• Employee relations continued to be cordial and harmonious across all levels and at all the units of the Company.

Governance Achievements

• The Company has complied with the Corporate Governance norms as stipulated under the Listing Regulations.

Climate Goals & Targets

Environmental Challenges

• Highly dependent on the performance of the automotive industry. Any adverse changes in the conditions affecting these markets may adversely affect our business, results of operations, financial condition and prospects.
• Input price volatility is critical parameter which will have considerable impact on our profitability. Prices of steel, energy and freight have seen steep fluctuations with respect to last year.

Mitigation Strategies

• The Company is pursuing the cost reduction programme which was expected to give results in the coming years.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Slow-down in the auto market
• High level of dependency on the auto sector
• Steel price volatility
• Exchange rate differences

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Social Achievements

• Many initiatives have been taken to support business through organizational efficiency, process change support and various employee engagement programmes which has helped the Organization achieve higher productivity levels.
• Employee relations continued to be cordial and harmonious across all levels and at all the units of the Company.

Governance Achievements

• The Company has complied with the Corporate Governance norms as stipulated under the Listing Regulations.

Climate Goals & Targets

Environmental Challenges

• The outbreak of COVID – 19 has caused unprecedented challenges to the Business world.
• The possibility of ups and downs in demand had made a deep impact on various market segments.
• Equity markets across the world witnessed the worst sell off since the 2008 crisis as the rapidity of spreading virus – that infected more than 3 lakh people worldwide and killed over 25000 and has pushed the global economy into recession.
• The virus outbreak along with prolonged slowdown in sales of automakers in India and a crude price crash has led to a slump in the shares of LGB Forge Ltd, since the start of this year.

Mitigation Strategies

• Management continues to cut costs particularly manpower related.
• Expect a deferment in growth plan by 10-12 months.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Environmental Metrics

Social Achievements

• Many initiatives have been taken to support business through organizational efficiency, process change support and various employee engagement programmes which has helped the Organization achieve higher productivity levels.
• Employee relations continued to be cordial and harmonious across all levels and at all the units of the Company.

Governance Achievements

• The Company has complied with the Corporate Governance norms as stipulated under the Listing Regulations.

Climate Goals & Targets

Environmental Challenges

• The Pandemic Covid 19 is a worldwide humanitarian and health calamity, and it continues to impact all our stakeholders –employees, investors, customers, and communities we work in.
• Many countries are reporting the second and third waves of infections.
• The actions taken by various governments to contain the pandemic, such as closing of borders and lockdown restrictions, have resulted in significant disturbance of people and businesses.

Mitigation Strategies

• ensure the safety of our employees in various units, to deliver client commitments, and put in place the mechanisms to protect the financial well being of the Company and to guard its long term projections.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

Social Achievements

• Many initiatives have been taken to support business through organizational efficiency, process change support and various employee engagement programmes which has helped the Organization achieve higher productivity levels.
• Employee relations continued to be cordial and harmonious across all levels and at all the units of the Company.

Climate Goals & Targets

Environmental Challenges

• unprecedented price increase of raw materials (i.e. steel)
• Emergence of EV market which may reduce demand for forged components.
• Labour intensive process, which can get hit during pandemics like Covid-19.
• Tariff’s war impacting the international trade.
• Huge spike in the prices of Steel, Consumables, Freight, etc.

Mitigation Strategies

• Company’s specialization in execution of low-volume, high-mix orders with low lead time helps retain customers and increase business.
• New product and customer development is a focus area, which helps us to mitigate the risk of obsolete product range.
• Our Company continues to upgrade its plant, equipment and infrastructure, on continuous basis.
• pass-through contracts provide protection against volatility in steel prices.
• People risks are mitigated with motivation initiatives and engagement with employees.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Increase in raw material prices
• Market conditions leading to lower growth

Mitigation Strategies

• Implementing cost cutting measures
• Value engineering activities to increase operational efficiency
• Upgrading IT systems for better monitoring and safety

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Volatility in input prices
• Increasing power costs
• Competition from other countries like China and South East Asian nations
• Global chain disruption

Mitigation Strategies

• Exited from Pondicherry to improve resource utilization
• Ongoing efforts in machinery maintenance, optimal use of human resources, and improving operational efficiency

Supply Chain Management

Climate-Related Risks & Opportunities