Climate Change Data

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