Climate Change Data

Environmental Metrics

ESG Focus Areas

• Occupational, Health & Safety
• Compliance
• Human Rights Practices
• Ethics & Anti-Corruption
• Labor management
• Corporate Governance
• Product Stewardship/ Supply Chain Sustainability
• ESG Oversight
• Energy Management
• Corporate Social Responsibility and Sustainability
• Green House Gas Reduction
• Transparency & Accountability
• Waste Management

Environmental Achievements

• Reduced specific energy per unit
• GHG reductions: 4270 Tons of CO2e emissions saved
• Power reduction projects implemented resulting in approx. 1.42% power savings in FY 22-23 and 3% in FY 21-22

Social Achievements

• Multiple online and classroom sessions on key topics such as Safety, Code of Conduct, Cybersecurity, Data Analytics, and Sustainability for employees and workers
• Implemented Sankalp Siddhi (Joyful Body & Mind) drive to promote healthy lifestyle through yoga and awareness sessions

Governance Achievements

• Established projected scope 1, and scope 2 emissions for a net zero year and is in the process of making a long-term mitigation plan to achieve this net zero target
• Top management of the company has given top priority to corporate governance issues and displayed signed copies of the code of conduct on their website and by regularly reviewing the committee.

Climate Goals & Targets

Environmental Challenges

• Occupational health and safety due to large number of permanent and contractual workmen situated in close proximity to the local community
• Risk of non-compliance with regulations
• Risk of human rights issues
• Risk of ethical and anti-corruption issues
• Risk of labor management issues
• Energy management challenges due to variation in manufacturing processes
• GHG reduction challenges in a hard-to-abate sector
• Supply chain sustainability challenges

Mitigation Strategies

• Long-term target to move towards zero accident company with ISO45001 practices
• Proactive management approach to compliance risk
• Procedures and policies in place in all manufacturing units and influencing similar value chain partners for human rights
• Policy-driven approach to create a control mechanism across all operations and units for ethics and anti-corruption
• Well-defined labor management procedures in place
• Energy conservation culture in all plants with energy management teams
• Aligned GHG reduction roadmap to the national Net Zero Target
• Environmentally and socially sustainable supply chain using innovative approach to manufacturing processes

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement

• Supply chain policy
• Supplier code of conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: IATF 16949:2016, ISO 9001:2015, ISO 14001:2016, ISO 45001:2018

Third-party Assurance: GSA & Associates

Sustainable Products & Innovation

• ELV (End of Life) compliant painted parts

Environmental Metrics

ESG Focus Areas

• Occupational Health & Safety
• Compliance
• Human Rights Practices
• Ethics & Anti-Corruption
• Labour Management
• Corporate Governance
• Product Stewardship/Supply Chain Sustainability
• ESG Oversight
• Environment
• Energy Management
• Green House Gas
• Waste Management
• Corporate Social Responsibility
• Transparency & Accountability
• Quality

Environmental Achievements

• Zero waste sent to Landfill
• Significant reduction in waste through structured VA-VE projects
• Continuous reduction of waste

Social Achievements

• 5% increase in sustainable sourcing
• 77% of the value chain partners were assessed on Health & Safety and Working Conditions
• Conducted awareness sessions on various topics covering 100% of value chain partners
• R&D and CAPEX Investments in AI-based tools and software for product quality improvement
• 100% Training of Employees and workers on Human Rights Issues and Policies
• 100% of Plants were assessed on Human Rights issues
• Maintained Zero fatalities
• Zero Pending complaints of the stakeholders at the end of the year
• No cases on POSH

Governance Achievements

• Improved female representation in Key Managerial Personnel (KMP) from 0 to 33%
• Robust corporate governance with clear policies and procedures
• Regular review of policies ensures strong oversight on governance issues

Climate Goals & Targets

Environmental Challenges

• Occupational, Health & Safety risks due to high-depth manufacturing and material handling
• Compliance risks due to heavy manufacturing operations in multiple locations
• Human rights risks due to large employee and supplier base
• Ethical and anti-corruption risks
• Labor management risks due to large human resource pool
• Corporate governance risks and opportunities
• Product stewardship and supply chain sustainability risks
• Environmental risks due to high-depth manufacturing
• Energy management risks due to high energy consumption
• Greenhouse gas emission risks
• Waste management risks and opportunities

Mitigation Strategies

• Long-term target to move towards zero accident company with ISO45001 practices
• Mapping all applicable regulations and managing compliance levels
• Policy-driven approach to manage human rights issues
• Policy-driven approach to create control mechanisms across operations
• Following ILO guidelines and having well-defined labor management procedures
• Policy-driven approach to create control mechanisms across operations
• Creating an environmentally and socially sustainable supply chain
• Adopting ESG policies and publishing them on the website
• Identifying improvement opportunities in various environmental aspects
• Effective energy utilization with GTC approach
• Aligning GHG reduction roadmap to the national Net Zero Target
• Continuously reducing waste through structured VA-VE projects and following 3R philosophy

Supply Chain Management

Supplier Audits: 77%

Responsible Procurement

• Supply chain policy
• Supplier code of conduct
• Preference for local suppliers
• QMS, ISO45001, ISO14001 compliance monitoring

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: IATF 16949:2016, ISO 9001:2015, ISO 14001:2016, ISO 45001:2018

Third-party Assurance: Not applicable