Climate Change Data

Environmental Metrics

Governance Achievements

• Established a Vigil Mechanism Policy (VMP) to deal with instances of fraud and mismanagement.
• Constituted an Internal Complaints Committee under the Anti Sexual Harassment Policy.

Environmental Challenges

• Macro-economic risks (political factors, natural disasters, financial changes).
• Regulatory risks (changes in legislation, taxation).
• Risks related to competition.
• Risks related to resources or access to resources.
• Human asset risks (shortage of talent in the construction sector).

Mitigation Strategies

• Pro-active risk management strategies to understand potential causes of delay and disruption claims.
• Risk management policies designed to minimize potential adverse effects on financial performance.
• Risk management framework ensures compliance with Clause 49 of the Listing Agreement.
• Periodic review of risk assessment and minimization processes.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Disruption caused by the COVID-19 pandemic.
• Delay in implementation of the Approved Resolution Plan due to anomalies related to promoters' shareholding.
• Rising input costs for cement, steel, and other construction materials.
• Longer working capital cycle.
• Delays in obtaining environmental clearances, land acquisitions, and rehabilitation.
• Stagnant and low construction margins.

Mitigation Strategies

• Resumed operations after implementing standard protocols and safety measures in line with guidelines.
• Cost optimization and value enhancement.
• Efforts to align processes and controls with global best practices.
• Maintaining adequate liquidity on the Balance Sheet to exploit growth opportunities and fund emerging and high-growth businesses.
• Prudent allocation of resources (Capex and Working Capital) to fund growth in different businesses.
• Attracting and retaining a robust and thriving talent pool through employee engagement programs, monetary and non-monetary incentives, leadership development initiatives, offering professional development opportunities and fostering a conducive organization climate.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 9001:2008

Third-party Assurance: J Jain & Co., Chartered Accountants