Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Product Life Cycle Sustainability
• Employee Wellbeing
• Stakeholder Engagement
• Human rights
• Environmental
• Public Policy
• CSR
• Customer relations

Environmental Achievements

• Reduced CO2 equivalent Global Warming Potential (GWP) by 3.66 Million Metric tonnes annually by reducing steel content in vehicles.
• Significant reduction of Hydrocarbon and NOx emissions in all models, meeting BS IV emission norms.
• Improved fuel economy by 7.0 kmpl in mopeds, saving 19.21 million litres of fossil fuel and avoiding 44576 Metric Tonnes of CO2 emissions annually.
• Increased renewable energy share from 19% (2013) to 30% (2016), aiming for 50% by 2020.
• 90% product recyclability.
• 80% process water recycling in Hosur & Mysuru plants with Zero liquid discharge.

Social Achievements

• Provided subsidized food, transportation, and extended mediclaim policy coverage for employees.
• Offered flexi-time and crèche facilities.
• Conducted safety and skill up-gradation training for 95% of permanent employees and 100% of permanent women and casual employees.
• Maintained good relations with the Labour Union.

Governance Achievements

• Adopted a Code of Business Conduct and Ethics (CoBC) for Directors and Senior Management.
• Implemented a Code of Conduct (CoC) for all employees.
• Established a whistle-blower policy.
• Regularly reviewed the implementation of policies through internal audit.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Periodical system audits at tier 1 suppliers & special process audit at tier 2 suppliers

Responsible Procurement

• Encouraging suppliers to obtain TS and ISO 14001 certifications; monitoring expiry dates; providing awareness on environmental and social issues; promoting TPM culture.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVG)

Certifications: ISO 14001:2015, OHSAS 18001:2007

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Hybrid vehicles, three-wheeler 'King' with CNG/LPG/Gasoline engines

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced specific water consumption by 18% in the last 3 years.
• Renewable power contributes to 80.4% of overall power consumed, resulting in a CO2 emissions reduction of 61,386 tons during 2021-22.
• Significant weight reduction of about 4.6 kg in NTorq, leading to an estimated savings of about 8,020 tons of CO2 per annum during raw material production.

Social Achievements

• 100% of permanent workmen are members of TVS Motor Company Employees Union.
• 100% of employees were paid above the legal minimum wage.
• Launched Employee Assistance Programme (EAP) focusing on 360-degree well-being of employees.

Governance Achievements

• Code of Business Conduct and Ethics, Whistle Blower Policy, Related Party Transaction Policy, Corporate Social Responsibility Policy, Code of fair disclosure, Code of conduct to regulate, monitor and report trading by insiders, Quality and environment policies relating to safe and sustainable products, Environment, Occupational Health and Safety policy are in place and reviewed regularly.

Climate Goals & Targets

Environmental Challenges

• Hazardous chemicals in products and processes
• CO2 emissions
• End-of-Life Lithium-ion batteries

Mitigation Strategies

• Hazardous chemical restrictions (adhering to AIS 129, Stockholm convention, and internal material standards).
• Reduction of CO2 emissions through development of Electric Vehicles and Flex Fuel Vehicles.
• Recycling of Lithium-ion batteries through partnerships with recyclers.

Supply Chain Management

Supplier Audits: 41 suppliers/recyclers audited in reporting year; 93 in last 4 years

Responsible Procurement

• 100% of input material and services sourced from suppliers adhering to internal or external sustainability standards

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products
• Expansion of electric vehicle market

Reporting Standards

Frameworks Used: GRI, NGRBC

Third-party Assurance: Self-declaration

Sustainable Products & Innovation

• Electric Two-wheeler and Three-wheeler
• Ethanol blended gasoline compatible vehicles
• Flex Fuel Vehicle (FFV)

Awards & Recognition

• Outstanding Renewable Energy User by Indian Federation of Green energy
• Significant Achievement in Employee Relations by the Employer Federation of India
• Most Inclusive Companies Index award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Scope 3 Emissions
• Human Rights
• Employee Well-being
• Sustainable Sourcing
• Waste Management
• Stakeholder Engagement
• Responsible Business Conduct

Environmental Achievements

• Increased share of renewable energy from 5.8 MW to 7.8 MW
• Waste heat recovery from Regenerative Thermal Oxidizer (RTO) and Air Compressors
• Implementation of energy-efficient projects (e.g., conversion of induction motor-based blowers to DC blowers)
• 95% VOC abatement with waste heat reuse
• 70% reduction of PM10 in DG sets flue gas
• 22622 KL of groundwater saved through rainwater harvesting
• 1870 KL of RO reject water reused
• Zero Liquid Discharge system implemented in Hosur Plant; recycling adopted in Mysuru and Nalagarh Plants

Social Achievements

• Various awareness programs conducted for value chain partners
• Infrastructure audit conducted to improve accessibility for PwD (80% accessibility achieved)
• Holistic rural development initiatives benefiting 90,000 people
• Livelihood projects for women in Self-Help Groups benefiting 20,000 people
• Medical consultations and health camps benefiting 200,000 people
• Platform created for sales of women self-help group products benefiting 900 people

Governance Achievements

• 100% of Board of Directors and 92% of Employees covered by training on all NGRBC principles
• Anti-corruption and anti-bribery policy in place
• Policy on Related Party Transactions in place
• Robust mechanism for prevention and redressal of human rights violations

Climate Goals & Targets

Environmental Challenges

• Climate change and stringent regulatory norms
• Scope 3 emissions across the value chain
• Future impending carbon emission

Mitigation Strategies

• Development of EVs and Flex Fuel Vehicles (FFV)
• Scope 3 emissions inventorization project for FY 2023-24
• Supplier excellence taskforce to support suppliers in enhancing renewable energy and improving environmental and social performance
• Assessments conducted and support provided to value chain partners on process, environmental compliance, safety practices, and social aspects

Supply Chain Management

Supplier Audits: 10% of value chain partners assessed for health and safety practices and working conditions

Responsible Procurement

• Sustainable sourcing practices (95% of supplier parts sourced sustainably)
• Encouraging suppliers to get certified under ISO 14001, ISO 45001, SA 8000 & IATF
• System & process audits conducted at supplier end periodically

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products

Sustainable Products & Innovation

• Electric 2W and 3W products
• E20 compatible products
• Flex fuel vehicles

Environmental Metrics

ESG Focus Areas

• Water
• Waste & Recycling
• Living Wages
• Occupational Health & Safety and Road Safety
• Alternative Fuel Technology
• Electric Vehicle
• Climate Change impacts of products
• Energy & emissions Management (in operations)
• Resource Management
• Human rights
• Diversity & inclusion
• Skill enhancement (learning & talent management)
• Community Welfare
• Governance
• Supply Chain Management
• Market/Product Competition
• Customer Satisfaction

Environmental Achievements

• 93% of energy requirements met through renewable energy resources
• 100% hazardous waste co-processed
• 230% rainwater conservation
• 43% green cover

Social Achievements

• Various well-being measures for employees and workers
• 100% of permanent employees and workers covered by PF and Gratuity
• Various CSR projects benefiting 1.6 million beneficiaries

Governance Achievements

• Board of Directors responsible for implementation and oversight of Business Responsibility policies
• Independent assessment/evaluation of policies by Bureau Veritas India (Private) Limited

Climate Goals & Targets

Environmental Challenges

• Unpredictable rainfall impacting water supplies
• Groundwater depletion
• Stricter regulations on water usage
• Growing waste volume from production processes
• Inefficient recycling practices
• Stricter EPR regulations
• National minimum wage unchanged since 2017
• Manufacturing, infrastructure, and logistics safety incidents
• Partial non-adherence to safety standards by contractors
• Increasing regulations on emissions and fuel efficiency
• Scarcity and fluctuating price dynamics of raw materials
• Supply chain disruptions

Mitigation Strategies

• Programs aimed at managing indirect emissions and building supplier capacity
• Long-term supply contracts
• Progressive use of sustainable materials
• Implementation of recycling programs
• Established strong relationships with suppliers
• Focused programs on supply chain diversification, localization and optimization
• Investment in research and development
• Monitoring market trends and customer preferences
• Introduction of Flex Fuel Technology
• Collaboration with external agencies to develop alternative fuel vehicles
• Government incentives and subsidies for EVs
• Development of new supply chain for EVs
• Creation of charging infrastructure using renewable energy
• Introduction of fast charger option and higher range EVs

Supply Chain Management

Supplier Audits: 27% of value chain partners assessed for health and safety practices and working conditions

Responsible Procurement

• Sustainable Procurement Policy
• SA 8000 audits of suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Unpredictable Rainfall

Transition Risks

• Increasing regulations on emissions and fuel efficiency

Opportunities

• Shifting consumer preferences towards more eco-friendly vehicles

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 14001, ISO 45001, SA 8000: 2014, ISO 27001

Third-party Assurance: Bureau Veritas India (Private) Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• TVS X (electric scooter)
• Raider 125 (Flex Fuel Technology)

Awards & Recognition

• Not disclosed