Remsons Industries Limited
Climate Impact & Sustainability Data (2023-04 to 2024-03)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
ESG Focus Areas
- Sustainability
- Social Responsibility
- Clean Energy Adoption
- Women Empowerment
Environmental Achievements
- Solar-powered two manufacturing units, generating nearly 500 KVA energy per month
- Awarded a Gold Medal in the Ecovadis Sustainability Assessment (top 5% globally)
- Introduced solar lighting and returnable packaging to reduce environmental impact
- Planted 2000 saplings in Pardi, Gujarat
Social Achievements
- Ranked 30th in India’s Top 100 Great Mid-Sized Industries by Great Place to Work
- CSR initiatives through partnerships with Akshaya Patra, Indian Development Foundation, and Alert Citizen Foundation
- Supported local schools with educational materials, scholarships, and infrastructure improvements (Meri Pathshala project)
- Organized regular health check-up camps for underprivileged communities
- Sponsored mid-day meals for over 300 students annually at government schools
Governance Achievements
- Adopted a policy for selection, appointment and remuneration of directors and Senior Management Personnel
- Adopted Vigil Mechanism / Whistle Blower Policy
- Complied with all the requirements of the Listing Regulations as well as the regulations and guidelines of the SEBI
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Rising Costs (R&D, new facilities)
- Market uncertainties and future unpredictability
- Foreign exchange risk
Mitigation Strategies
- Robust framework to protect interests from market volatility
- Foreign currency hedging policies and practices
- Continuous monitoring and market intelligence for sales and procurement strategies
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct (labour practices, environmental responsibility, business ethics)
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Ecovadis
Certifications: ISO 14001:2015, IATF 16949:2016
Sustainable Products & Innovation
- Tyre Mobility Kit
- Infotainment systems
- Lighting
Awards & Recognition
- Ford World Excellence Award (2020)
- Ashok Leyland Best Supplier Award (2022)
- Inteva Best Supplier Award (2022)
- Advik Best Development Award (2023)
- ACMA Productivity Improvement Award (2023)
- ACMA HR Award (2023)
- Quality Forum India Gold Award (2023)