Climate Change Data

VIDEOCON INDUSTRIES LIMITED

Climate Impact & Sustainability Data (2015)

Reporting Period: 2015

Environmental Metrics

ESG Focus Areas

  • Energy Conservation
  • Environmental Protection
  • Health & Safety
  • Corporate Social Responsibility

Environmental Achievements

  • Recertification of ISO-14001 for Environmental Management System
  • Installed Gray Water Treatment plant in canteen area to treat the 10 KLD waste water /day
  • Upgradation of effluent treatment & sewage treatment plant and using treated water for gardening

Social Achievements

  • Conferred with the prestigious National Energy Conservation Award for 2015 by the Bureau of Energy Efficiency (BEE), for the First Prize in the Manufacturers of BEE Star Labelled Appliances (Refrigerator) Sector
  • Relentless CSR initiatives
  • Cordial industrial relations

Governance Achievements

  • Compliance with corporate governance requirements under the Companies Act, 2013, and as stipulated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Climate Goals & Targets

Environmental Challenges

  • Economic slowdown resulting in lower business volumes
  • Huge accumulated losses of Videocon Telecommunications Limited (VTL)
  • VTL's ability to continue as a going concern is substantially dependent on its ability to fund its operating and capital expenditure requirements
  • Pricing of oil and gas is subject to variation and depends on a number of factors
  • Exploration and production of oil and gas and other natural resources involves a high degree of risk
  • Increased competition could adversely affect the expansion plans by limiting the number of new exploration blocks
  • Rapidly changing consumer tastes
  • Disruption of supply or distribution
  • Disruption to trade
  • Forex risks
  • Labour unrests
  • Adverse regulation
  • Tax changes
  • Talent management
  • Technological disruptions
  • Change in consumer tastes and priorities
Mitigation Strategies
  • Introduction of Solar Power Trading through Indian Energy Exchange for the power cost optimization
  • Replacement of old conventional luminaries by highly efficient 18 watt LED tube lights in all shopfloors and workstations
  • Use of energy saving lighting arrangement on roads and inside the manufacturing facilities by using 60 watt LED Street light lamps, Electronic Ballets, CFL lamps
  • Use of variable-speed drives for large variable loads
  • Replacement of obsolete and high power consuming air conditioners by using new Star rating and energy efficient AC’s in respective locations
  • Tune up the HVAC Control system to minimize flows and reduce blower/ fan/ pump power requirements
  • Optimizing the blow-down flow rate and ensuring turn off of unnecessary cooling tower fans when loads are reduced
  • Demand efficiency restoration after motor rewinding
  • Use of motion sensors for better lighting control for stores, offices, washrooms
  • Conducting energy saving training sessions for employees at all levels so as to increase awareness for utilization of natural resources
  • Risk Management Policy to identify the risk elements and manage, monitor and report on the principal risks and uncertainties that can impact its ability to achieve its strategic objectives
  • Proper confidentialities and privacy policies to control risk elements
  • Insurance policies to protect the property, assets etc.
  • Formal mechanism for evaluating the performance of the Board of Directors as well as that of its Committees and individual Directors

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • National Energy Conservation Award for 2015