Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety, Health and Environment
• Employee Well-being
• Corporate Social Responsibility

Environmental Achievements

• Water and air pollution control measures successfully operated; industrial trade effluents used for gardening; tree plantation at factory site maintained
• Energy cost saving through power trading and wind power ` 49.98 Lakhs

Social Achievements

• Many initiatives taken to support business through organizational efficiency and various employee engagement programmes which have helped the Organization to achieve higher productivity levels
• Significant efforts undertaken to develop leadership as well as technical/functional capabilities in order to meet future talent requirement

Governance Achievements

• Company is committed to adhere to the highest standards of ethical, moral and legal conduct of business operations
• A Vigil Mechanism provides a channel to the employees and Directors to report to the management concerns about unethical behaviour, actual or suspected fraud or violation of the Codes of Conduct or policy

Climate Goals & Targets

Environmental Challenges

• Unprecedented increases in commodity prices, inflationary pressures and constant global supply chain disruptions
• Foreign Exchange volatility
• Growing competition both from domestic and global players
• High inflationary trends
• High dependence on imported raw material
• Volatility in metal prices and fluctuations in Foreign Exchange
• Foreign government putting protective duty barriers to Indian exports

Mitigation Strategies

• Continuously investing in the development of competent vendor base as well as in-house component production facilities to bring flexibility and cost competitiveness
• Investment into advanced low cost manufacturing is ongoing; along with adding capacities wherein management sees good future demand and potential growth
• Appropriate hedging policy for imported raw materials

Supply Chain Management

Responsible Procurement

• Company is committed to handhold its value chain partners to implement relevant policies and processes to enhance their sustainability performance

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: IATF 16949:2016, ISO 9001:2015, ISO 14001:2015