SHRIRAM PROPERTIES LIMITED
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:972.49 tCO2e/year
Scope 1 Emissions:252.73 tCO2e/year
Scope 2 Emissions:719.76 tCO2e/year
Scope 3 Emissions:0 tCO2e/year
Water Consumption:25,413.45 KL/year
Waste Generated:0 tons/year
Carbon Intensity:0.14 Metric tonnes / C Mn
ESG Focus Areas
- Customer Satisfaction
- Quality and Safe working
- Economic performance
- Governance
- Health and Safety
- Sustainability and Green Building
- Human Rights
- Data Privacy and Safety
Environmental Achievements
- 30% reduction of power with more light (LED bulbs)
- 20% saving of fresh water (recycling STP treated water)
Social Achievements
- 100% of women employees who availed maternity benefit returned to work
- Various channels of communication to receive and redress grievances (Whistle Blower System, POSH complaints, general grievances to HR)
- Periodic health check-up and welfare measures for workers through contractors
- Donations to NGOs, hospitals, and educational institutions
Governance Achievements
- Annual Declarations from Directors and KMPs to identify and avoid conflicts of interest
- Training programs on Code of Conduct, Ethical Leadership, and other relevant topics
Climate Goals & Targets
Environmental Challenges
- Highly sensitive to deliverables and promises; delayed projects
- Brand image issues related to quality and safety
- Administering all applicable laws at the site level
- Accidents and mishaps at site
- Protection of company data and personal data of employees
Mitigation Strategies
- Close interaction with customers, regular feedback surveys
- Technology upgrades, process improvements, value engineering
- Training on adherence to laws and ethical business practices, frequent audits
- Robust training on best practices, safety audits, surveillance
- SOP on data protection, firewalls, access control, security audits, data backup
Supply Chain Management
Supplier Audits: 100%
Responsible Procurement
- Sustainable Supply Chain Management Policy (SSCM)
- Priority to locally sourced materials
- Preference to green-certified products
Climate-Related Risks & Opportunities
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:994.96 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:234.81 tCO2e/year
Scope 2 Emissions:760.15 tCO2e/year
Water Consumption:75,425 KL/year
Carbon Intensity:0.012 Metric tonnes / H lakhs (FY24)
ESG Focus Areas
- Customer Satisfaction
- Governance (Regulatory Compliance, Bribery, Anti-Corruption)
- Occupational Health and Safety
- Sustainability and Green Building
- Human Rights
- Data Privacy and Safety
Environmental Achievements
- Reduced water usage by 27% through water conservation measures.
- Achieved 38% energy savings through energy conservation measures at Park 63 project.
- Reduced carbon footprint through the use of GGBS in concrete mix composition.
- Reused wastewater for secondary consumption purposes (gardening, landscaping, flushing) via STP.
- Utilized voided and waffle slab technologies to reduce concrete and steel usage.
Social Achievements
- Improved conditions for intellectually disabled children at Tambaram Institute.
- Distributed relief kits to over 2,500 families affected by Cyclone Michaung.
- Conducted road safety awareness campaigns with Tamil Nadu Traffic Police.
- Provided training programs on various topics for employees (Health and safety, skill upgradation).
Governance Achievements
- Implemented training and awareness programs on various principles for Board of Directors, KMPs, and employees.
- Established multiple communication channels for addressing and resolving grievances (Whistleblower system, HR Department).
Climate Goals & Targets
Environmental Challenges
- Delay in handover/construction timelines resulting in fines, penalties, and customer dissatisfaction.
- Non-compliance to agreement terms and conditions leading to customer dissatisfaction.
- Inability to gauge customer preferences resulting in loss of customers.
- Poor quality resulting in repair costs, litigations, and adverse brand image.
- Unethical practices resulting in legal consequences and adverse image.
- Regulatory non-compliances exposing the company to litigation, fines, and penalties.
- Accidents and mishaps at sites causing loss of life, injury, and property damage.
- Loss of employee and customer data, business disruption, and customer dissatisfaction.
Mitigation Strategies
- Regular interaction with customers to understand and resolve issues.
- PULSE survey and feedback mechanism.
- Product design and pricing aligned with market expectations.
- Training for sales and marketing teams to work closely with customers.
- Investment in quality control, technology upgrades, process improvement, value engineering, and innovation.
- Training at all levels for adherence to laws and company policies.
- Strict enforcement through frequent audits.
- Ethical business practices.
- Robust training on best practices, use of audio-visual aids and posters.
- H&S audits and strict enforcement.
- Surveillance by CC cameras at sites.
- Implementing stringent data protection policies and procedures.
- Imparting training and awareness programs for employees on data protection and privacy.
- Developing backup and third-location data storage with mirror image techniques (DRS).
Supply Chain Management
Supplier Audits: 100%
Responsible Procurement
- Sustainable Supply Chain Management Policy (SSCM)
- Priority to purchasing locally available materials/products of high quality
- Preference to green-certified field products
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Aluminum formwork technology
- GGBS as a Supplementary Cementitious Material (SCM)
- Voided and waffle slab technologies