Happy Forgings Ltd.
Climate Impact & Sustainability Data (2014-2023, 2023-24, 2024)
Reporting Period: 2014-2023
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:93,778 + 8,318 = 102,096 tCO2e/year
Scope 1 Emissions:8,318 tCO2e/year
Scope 2 Emissions:93,778 tCO2e/year
Total Energy Consumption:557,549 GJ/year
Water Consumption:227,605 KL/year
Waste Generated:27,255 tons/year
Carbon Intensity:1.27MtCO2 eq/ MT
ESG Focus Areas
- Health, safety and environment
- Energy Management
- GHG Emission
- Code of Conduct
- Water Management
- Waste Management
- Training and education
- Sustained performance & quality
Environmental Achievements
- Baseline assessment of Scope 1, 2 and 3 emissions completed.
- Installed 5MW capacity roof-top solar project at existing plants.
Social Achievements
- Employee well-being program implemented.
- Training program on health & safety implemented.
- Medical check-up, vaccination drive conducted.
Governance Achievements
- ESG committee established to develop a comprehensive strategy and execution plan.
Climate Goals & Targets
Medium-term Goals:
- 50% reduction in Scope 1 & Scope 2 emissions by 2030
Short-term Goals:
- 100% recycling of wastewater by 2025
Environmental Challenges
- Employee health and safety issues impacting production.
- Breach in code of conduct impacting business.
- Failure to manage waste attracting fines/penalties.
Mitigation Strategies
- Employee well-being program
- Training program on health & safety
- Medical check-up, vaccination drive
- Webinar and induction training sessions for employees
- Waste management SOP in place
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Sustainability
- Waste Reduction
- Energy Efficiency
- Water Conservation
Environmental Achievements
- 50% reduction in Scope 1 and Scope 2 carbon emissions target by 2030
- 100% wastewater recycling target by 2025
- Installed 5 MW solar power plants at manufacturing facilities
- Replaced oil-fired furnaces with electric heating systems
- Implemented 1,600 kVAR Hybrid APFC Panel for improved power factor
- Initiatives for paper recycling
- Replaced halogen lights with LED fixtures
- New technology in Shot Blast Machines with dust collection bags
- Installed rainwater collection & recharge system. Recharged 16 lac cum/year of rainwater during 2023 (4x of water withdrawn)
Social Achievements
- Numerous awards received for quality, performance, and delivery from various clients (Ashok Leyland, Generac, Escorts Kubota, American Axle & Manufacturing, TAFE, Eicher Engineering Components, VE Commercial Vehicles, JCB)
- IATF 16949:2016, ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015 certifications
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- 50% Reduction in Scope 1 and Scope 2 carbon emissions by 2030
Short-term Goals:
- 100% wastewater recycling by 2025
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: IATF 16949:2016, ISO 45001:2018, ISO 9001:2015, ISO 14001:2015
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Gold award for “Superlative Performance in Agility” – 2024 Ashok Leyland Supplier Summit
- Next Level Quality award by Generac – 2023
- Best Quality Award by Escorts Kubota Limited (2024)
- Supplier Excellence Award for “Quality Performance” by American Axle & Manufacturing - 2024
- ‘Best Supplier Award’ at the Global supplier meet 2024 from TAFE
- IATF 16949 :2016 accreditation for manufacture of forged and machined components and excluding product design Dugri Facility
- Excellence Award by Escorts Kubota Limited
- ISO 45001 : 2018 & ISO 14001 : 2015 accreditation for manufacture of forged and machined components Kanganwal Facility I
- IATF 16949 :2016 accreditation for manufacturing of forged and machined components without product design responsibility and with the extended manufacturing site(s) for Kanganwal Facility I
- ‘Supplier Excellence Award’ for delivery performance at AAM (American Axle Manufacturing) India Supplier Event 2023
- ‘Award for Outstanding Contribution in Gear Business’ at the Annual Supplier Conference 2023 organised by Eicher Engineering Components, VE Commercial Vehicles
- ISO 14001 :2015 & ISO 45001 :2018 accreditation for manufacture of forged and machined components and excluding product design Dugri Facility
- ‘The Entrepreneur & Leadership Award’ at the JCB Annual Supplier Conference 2023
- Certificate of appreciation for supplier Agri machinery under ‘Business Excellence Process/ Digitalisation ’ by Escorts Kubota Ltd. 2022