Climate Change Data

Paras Defence and Space Technologies Limited

Climate Impact & Sustainability Data (2022-23, 2023-24)

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:Nil
Scope 1 Emissions:Nil
Scope 2 Emissions:Nil
Scope 3 Emissions:The process of computation will be initiated and the particulars will be made available in due time.
Renewable Energy Share:0%
Total Energy Consumption:2,93,32,054.62 Joules
Water Consumption:8,771 kilolitres
Waste Generated:Nil
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Environmental Footprints
  • Product Design & Innovation
  • Employee Satisfaction and Wellness
  • Customer Satisfaction and Retention

Environmental Achievements

  • Implemented energy saving and energy efficiency measures
  • Implemented Zero Liquid Discharge (ZLD) across plants

Social Achievements

  • Periodic awareness programs on safety at workplace, HR policies and procedures, tax implications and tax savings, energy and water conservation, vendor and client management, ESG, Code of Conduct, sexual harassment, etc.
  • Regular execution of Safety Audits to assess and enhance safety protocols

Governance Achievements

  • Robust compliance management system and follows all applicable SEBI regulations and Guidelines on Corporate Governance
  • ISO 45001:2018; ISO 9001:2015, ISO 9100: 2016, ISO9001:2015, ISO 14001: 2015, AS 9100D, DRDO registration certificate, and CVRDE registration certificate certifications

Climate Goals & Targets

Environmental Challenges

  • Climate change and associated risks can pose challenges to company’s operations (production & Supply chain disruption) due to harsh climatic conditions (flood, cyclone, higher temperature etc.)
  • Mismanagement of wastage and hazardous substances can jeopardize the well-being and safety of employees, while also resulting in considerable environmental damage, including contamination of soil and water.
Mitigation Strategies
  • Accelerating the process of decarbonization and stimulating activity along the value chain. Actively monitoring emissions and establishing goals and targets along with implementation of energy saving and energy efficiency measures.
  • Proven waste management practice in vogue that makes sure that proper waste removal as per the waste category defined by the MPCB and State Pollution Control Board(s).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier code of conduct

Climate-Related Risks & Opportunities

Physical Risks
  • flood, cyclone, higher temperature
Opportunities
  • Climate adaptation and mitigation are key for building an eon organisation. They can also ease operational costs and drive greater efficiencies for the business conduct

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 45001:2018, ISO 9001:2015, ISO 9100:2016, ISO 14001:2015, AS 9100D, DRDO registration certificate, CVRDE registration certificate

Third-party Assurance: RIR Certification Private Limited

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:2198 tCO2e
Scope 1 Emissions:14 tCO2e
Scope 2 Emissions:2183.96 tCO2e
Total Energy Consumption:11260.66 GJ
Water Consumption:12530 KL
Waste Generated:4.70 tons

ESG Focus Areas

  • Climate Change
  • Corporate Governance
  • Employee Satisfaction and Wellness
  • Environment footprint – Waste and Emissions
  • Product Design, Quality and Innovation
  • Customer Satisfaction and Retention

Environmental Achievements

  • Reduced electricity and water consumption by adopting latest technologies
  • Proven waste management practice in place

Social Achievements

  • Initiatives towards communities’ development through CSR programs
  • Focus on employee satisfaction and wellness

Governance Achievements

  • Highly experienced management team with strong customer and supplier relationships
  • Board’s Corporate Social Responsibility (CSR) Committee responsible for sustainability related issues

Climate Goals & Targets

Environmental Challenges

  • Climate change impacting operations, supply chains, and financial stability
  • Increase in operating costs and geopolitical dynamics
Mitigation Strategies
  • Evaluated climate change risk exposure and developed a mitigation plan
  • Ensured energy-efficient equipment is installed across manufacturing units

Supply Chain Management

Supplier Audits: 85%

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 45001:2018, ISO 9001:2015, ISO 9100: 2016, ISO 14001: 2015, AS 9100D, DRDO Registration Certificate, CVRDE Registration Certificate

Third-party Assurance: Not Applicable