Climate Change Data

Onward Technologies Limited

Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-24)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:1645.14 tCO2e/year
Scope 1 Emissions:11.33 tCO2e/year
Scope 2 Emissions:1633.81 tCO2e/year
Total Energy Consumption:74,23,813.84 MJ/year
Water Consumption:202.52 kl/year
Waste Generated:1.473 tons/year

ESG Focus Areas

  • Workplace Diversity
  • Human Capital
  • Data Security & Customer Privacy
  • Digitization

Environmental Achievements

  • Switched to energy-efficient lighting
  • Conducted tree plantation drives
  • Reduced single-use plastic usage by providing metal water bottles, paper straws, and ceramic coffee cups

Social Achievements

  • Implemented various initiatives like TAP (for hiring fresh talent)
  • Initiatives to encourage effective communication, promote diversity and inclusion, and a grievance redressal mechanism

Governance Achievements

  • Established a “Risk Management Committee” to create a framework for identifying internal and external risks, including ESG risks

Climate Goals & Targets

Environmental Challenges

  • Climate change
  • Growing energy demand
  • Employee retention
  • High rates of attrition in the Indian IT sector
  • Cyber and information security risks
Mitigation Strategies
  • Established a “Risk Management Committee”,
  • Investing in employee growth and development, supporting career advancement and performance
  • Implemented various initiatives like TAP (for hiring fresh talent)
  • Initiatives to encourage effective communication, promote diversity and inclusion, and a grievance redressal mechanism
  • Strong Cyber Risk Management framework monitored by the Information Technology & Security Committee and Risk Management Committee

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:881 tCO2e (Scope 1 & 2)
Scope 1 Emissions:153.6 tCO2e
Scope 2 Emissions:727.2 tCO2e
Scope 3 Emissions:12 tCO2e
Renewable Energy Share:22.1%
Total Energy Consumption:4346.17 GJ
Water Consumption:292 kl
Waste Generated:2.32 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Sustainability
  • Social Responsibility
  • Governance

Environmental Achievements

  • Adopted wind power for electricity generation, saving 510217 KWH of energy.
  • Implemented energy-efficient lighting and reduced paper usage in Pune office.
  • Reduced single-use plastics by providing reusable bottles to employees.

Social Achievements

  • Implemented various employee well-being measures including health insurance, accident insurance, and parental leave.
  • Maintained a low employee turnover rate (31.5% total in FY23-24).
  • Conducted training programs on various topics including human rights, code of conduct, and ESG awareness.

Governance Achievements

  • Established a Risk Management Committee to identify and address ESG-related risks.
  • Implemented an anti-bribery policy with a zero-tolerance approach.
  • Has a whistleblower policy in place.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Minimize carbon footprint by 5% every year.
Short-term Goals:
  • Increase training programs on environmental and social aspects.
  • Enhance community engagement.

Environmental Challenges

  • Payment Mechanism risks leading to customer dissatisfaction and operational disruptions.
  • Need to enhance engagement levels with the community.
Mitigation Strategies
  • Strengthening payment mechanisms through improved stakeholder engagement.
  • Implementing initiatives for water and energy conservation.
  • Increasing the number of training programs for employees on environmental and social aspects.

Supply Chain Management

Supplier Audits: 87% (health and safety); 83% (working conditions)

Responsible Procurement
  • Contractual obligations for statutory dues; verification and documentation; training and guidance; monitoring and reporting mechanisms; remedial measures; collaboration with regulatory authorities.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 27001:2013, ISO 9001:2015, TISAX

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed