ELECON ENGINEERING COMPANY LIMITED
Climate Impact & Sustainability Data (2023-24)
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:13,157.3 MtCO2e
Scope 1 Emissions:2,213.45 MtCO2e
Scope 2 Emissions:10,943.85 MtCO2e
Water Consumption:202,164.09 KL
Waste Generated:10,942.85 tons
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Established a 2 MW solar farm, significantly lowering greenhouse gas emissions.
- Windfarm generates electricity supplied to the grid, with unit credits offsetting electricity bill. Total capacity includes 4.7 MW in solar and 13.85 MW in windfarms.
- Commissioning 3 MW solar farm at Bamangam and 1 MW solar rooftop.
Social Achievements
- Skill enhancement and training programs boost efficiency and help retain skilled workforce.
- Comprehensive wellness programs for employee well-being.
- Doubling community engagement efforts.
Governance Achievements
- Ensuring ethical conduct through stringent codes of conduct.
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions in our operations
Short-term Goals:
- Commissioning 4 MW renewable energy (solar).
Environmental Challenges
- Neglecting health and safety can disrupt operations, reduce workforce availability, and potentially result in legal action.
Mitigation Strategies
- Enhancing safe work practices/procedures by automating machinery and working procedures.
- Increasing the frequency and coverage of training and awareness programs.
Supply Chain Management
Responsible Procurement
- Operating procedure to approve vendors. Quality assurance team conducts periodic audits.
Climate-Related Risks & Opportunities
Opportunities
- Transition to renewable energy sources
Sustainable Products & Innovation
- Products focused on use of recyclable materials and minimizing electricity and oil consumption.