Climate Change Data

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