Hercules Hoists Limited
Climate Impact & Sustainability Data (2023-04 to 2024-03)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:NA
Scope 1 Emissions:NA
Scope 2 Emissions:NA
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1.8909468 Terajoules
Water Consumption:6480 KL
Waste Generated:3.71 metric tonnes
Carbon Intensity:Not disclosed
ESG Focus Areas
- Energy Management
- Responsible Supply Chain and Service Providers
- Waste Management
- Occupational Health and Safety
- Customer Satisfaction
Environmental Achievements
- Our waste collection plan is in line with the Maharashtra Pollution Control Board (MPCB) guidelines.
- We use authorised waste management agency for disposing waste paint generated for further recycling.
- Initiatives are focused on net water positive through ground water recharge and rainwater harvesting
Social Achievements
- The Company has implemented proactive safety measures.
- Our team’s initiatives focus on Occupational Health and Safety, through regular internal audits and certifications of plants to ISO 45001:2018.
- We record customer feedbacks through various ways. We have activated multiple avenues to raise complaint and feedback for customer convenience like a dedicated call centre, app and our customer complaint portal, etc.
Governance Achievements
- All transactions entered with related parties as defined under the Companies Act, 2013 and SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 during the financial year were in the ordinary course of business and on an arm’s- length pricing basis.
- All related party transactions are mentioned in the notes to the accounts.
- all related party transactions are placed before the audit committee for approval.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Lack of optimizing energy consumption would lead to related environmental impacts and increased production costs.
- Lack of customer focus will have a direct impact on business profitability.
- Being a manufacturing company, it is imperative that we provide provide a safe environment and working conditions for our employees.
Mitigation Strategies
- Improve Production planning to optimize energy consumption
- We record customer feedbacks through various ways. We have activated multiple avenues to raise complaint and feedback for customer convenience like a dedicated call centre, app and our customer complaint portal, etc.
- The Company has implemented proactive safety measures.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Established and implemented a Supplier Code of Conduct to guide our suppliers as to how to engage in ethical, responsible, fair, transparent, and legal business practices in their operations.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
Third-party Assurance: NA
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed