Shivalik Bimetal Controls Limited
Climate Impact & Sustainability Data (2022-23, 2023-24)
Reporting Period: 2022-23
Environmental Metrics
Total Carbon Emissions:189.92 tCO2e/year (Scope 1)
Scope 1 Emissions:189.92 tCO2e/year
Total Energy Consumption:33,291 GJ/year
Water Consumption:8603 kilolitres/year
Waste Generated:687.38 tons/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Implemented a mechanism for Zero Liquid Discharge through ETPs and STPs.
- Reduced Scope 1 emissions from 125.29 metric tonnes of CO2 equivalent to 189.92 metric tonnes of CO2 equivalent.
Social Achievements
- Provided health insurance, accident insurance, and maternity benefits to employees and workers.
- Implemented a Whistle Blower Policy to address grievances related to human rights issues.
Governance Achievements
- Established anti-corruption and anti-bribery guidelines as part of the Company’s Code of Conduct.
- Constituted a BRSR Committee for decision-making on sustainability-related issues.
Climate Goals & Targets
Environmental Challenges
- Handling hazardous material/waste in business operations.
- Safety risks associated with manufacturing operations.
- Technological risks related to process automation, quality control, supply chain management, and customer engagement.
Mitigation Strategies
- Adherence to occupational health and safety standards and EHS policies.
- Continuous engagement with suppliers to identify and mitigate risks.
- Periodic risk assessments and implementation of an Emergency Response Plan.
- Investment in Research and Development to improve processes and products and develop innovative solutions.
- Strengthening cybersecurity measures to protect data and infrastructure.
Supply Chain Management
Responsible Procurement
- Supplier manual/Code of Conduct
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: National Guidelines on Responsible Business Conduct (NGRBC)
Certifications: ISO 9001, ISO 14001, ISO 45001
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:174.56 tCO2e/year (Scope 1)
Scope 1 Emissions:174.56 tCO2e/year
Water Consumption:10179 KL/year
Waste Generated:732.72 tons/year
ESG Focus Areas
- Environmental Sustainability
- Employee Well-being
- Community Engagement
Environmental Achievements
- Sourced most power from renewable sources (primarily hydroelectric)
- Implemented zero-liquid discharge policy
- Comprehensive waste management practices, including recycling plastic waste
Social Achievements
- Robust health and safety protocols for employees
- Investments in employee training and development
- Significant investments in promoting and supporting educational initiatives
- Allocated resources to promote healthcare, including preventive measures
Governance Achievements
- Maintained a debt-free status
- Established a comprehensive internal control framework
- Adopted a Whistle Blower Policy
- Implemented a policy on Prevention, Prohibition and Redressal of Sexual Harassment of Women in the Workplace
Climate Goals & Targets
Environmental Challenges
- Economic slowdown in key markets (US and EU)
- Geopolitical tensions leading to supply disruptions
- Global supply chain disruptions
- Volatility in raw material prices and forex rates
- High working capital intensity
- Inflationary pressures
Mitigation Strategies
- Market diversification
- Product portfolio expansion
- Monitoring geopolitical developments and adjusting procurement strategies
- Increasing inventory buffers
- Strengthening supply chain resilience by diversifying supplier base and developing contingency plans
- Broadening supplier network and exploring alternative sourcing strategies
- Employing forex hedging strategies
- Advanced inventory management techniques
- Enhanced receivables management practices
- Managing costs through operational efficiencies and strategic procurement
Supply Chain Management
Responsible Procurement
- Supplier manual/Code of Conduct