Stove Kraft Limited

Climate Impact & Sustainability Data (2022-23, 2023-24)

Reporting Period: 2022-23

Environmental Metrics

Total Energy Consumption:2,50,89,483*

Water Consumption:13188

Waste Generated:484.1235 mt

ESG Focus Areas

Energy Management
Water and Wastewater management
Human Rights
Customer Education and Awareness
Data Security
Product Quality & Safety
Health & Safety
Product Design & Life cycle management
Supply Chain Management
Material Sourcing and Efficiency

Environmental Achievements

Implemented energy saving technologies, optimizing production processes and reducing greenhouse gas emissions
Adopted sustainable water management practices such as rainwater harvesting, water re-use, and green infrastructure, effectively reducing the impact of water scarcity.
Implemented Zero Liquid Discharge (ZLD) systems at manufacturing locations.
Incorporated energy-efficient practices in its production process by utilizing renewable energy sources and optimizing robotic and automated machinery.
Implemented sustainable procurement practices to minimize environmental impact.
Adopted low-carbon or carbon-neutral materials in its manufacturing processes

Social Achievements

Prioritized the development and well-being of its employees
Took up community engagement programmes by making a positive impact on society and environment
Established a human rights policy that outlines its dedication to uphold human rights and prevent violations.
Provided training to employees to raise awareness about human rights issues and promote best practices.
Implemented various measures to ensure a safe and healthy workplace, including regular safety rounds, safety training, and provision of PPE.
Provided on-site access to medical consultation services for both occupational and non-occupational health issues. Conducted annual health check-ups for all employees and workers.

Governance Achievements

Formulated “Code of Conduct for Directors and Senior Management”
Has a Whistle Blower Policy
Has the “Code of Conduct for Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information”

Climate Goals & Targets

Environmental Challenges

Insufficient management of water and waste can cause disruptions in the operations of a manufacturing facility. Improper handling of waste can lead to increased expenses associated with waste disposal and meeting regulatory compliance requirements.
Neglecting to respect and uphold human rights within a manufacturing company’s operations or supply chain can give rise to labour exploitation and potentially causing harm to the company’s reputation, and eliciting negative responses from consumers.
Inadequate data security measures can make them vulnerable to cyber attacks, hacking, or insider threats, resulting in the theft or unauthorized access to proprietary information.
Neglecting safety protocols, training, maintenance, and protective measures exposes employees to hazardous conditions with severe physical and mental health consequences.
Disruptions in the supply chain can result in production delays and potential revenue loss. Maintaining consistent quality across the entire supply chain can be a challenging task.

Mitigation Strategies

Adopted sustainable water management practices such as rainwater harvesting, water re-use, and green infrastructure
Established a human rights policy and provided training to employees.
Implemented measures to secure data, including access control, virus prevention, intrusion detection, data backups, authentication, monitoring, and review, with data classification guidelines to protect data integrity and secure information systems.
Implemented various measures to ensure a safe and healthy workplace, including regular safety rounds, safety training, and provision of PPE.
Implemented a strong supply chain mechanism that includes rigorous quality control checks. Diversified supplier base and created contingency plans for potential disruptions.

Supply Chain Management

Responsible Procurement

Sustainable sourcing procedures in place

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR (SEBI)

Certifications: ISO 9001:2015

Third-party Assurance: J. Sundharesan & Associates (limited assurance)

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:60.11 tCO2e/year (Scope 1) and 0.00222 tCO2e/year (Scope 2)

Scope 1 Emissions:60.11 tCO2e/year

Scope 2 Emissions:0.00222 tCO2e/year

Renewable Energy Share:55%

Total Energy Consumption:28.36 MWh/year

Water Consumption:25360 m3/year

Waste Generated:194.957 tons/year