Climate Change Data

TeamLease Services Limited

Climate Impact & Sustainability Data (2021-04 to 2022-03, 2023-04 to 2024-03)

Reporting Period: 2021-04 to 2022-03

Environmental Metrics

ESG Focus Areas

  • Employability
  • Employment
  • Education
  • Community Development
  • Human Rights
  • Environmental Stewardship

Environmental Achievements

  • Replaced traditional lighting with LED lighting in buildings
  • Reduced water and paper usage in offices

Social Achievements

  • Increased employability through apprenticeship programs
  • Upskilling of youth
  • Community investment in research initiatives (₹199.09 lakhs)
  • 100% employee vaccination rate

Governance Achievements

  • Established a Whistle Blower and Vigil Mechanism Policy
  • Implemented a Code of Conduct for Prohibition of Insider Trading
  • Conducted annual performance evaluation of all directors, board committees, and the board as a whole

Climate Goals & Targets

Medium-term Goals:
  • Achieve 3.5% PBT blended margin

Environmental Challenges

  • COVID-19 pandemic and its impact on business operations
  • Supply chain disruptions
  • Unavailability of personnel
  • Lockdowns and closures of facilities
  • Macroeconomic factors (geopolitical crisis, inflation, higher cost of living)
Mitigation Strategies
  • Transitioned to work-from-home for 90% of employees
  • Implemented safety protocols for office re-opening
  • Re-negotiation with vendors and service providers
  • Investments in digital solutions, technology, and talent
  • Relocating central processing units to smaller locations for efficiency

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC

Certifications: ISO 27001:2013

Third-party Assurance: M/s. S.R. Batliboi & Associates LLP, Chartered Accountants (unmodified opinion on financial statements)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

ESG Focus Areas

  • Skill Development
  • Employability
  • Environmental Sustainability
  • Ethical Conduct
  • Community Engagement

Environmental Achievements

  • Adopted renewable energy and transitioned to energy-efficient LED lighting
  • Initiatives to limit water and paper consumption

Social Achievements

  • Facilitated employment of over 23 Lakh individuals
  • Launched degree-linked apprenticeships program
  • Introduced initiatives for vocational training
  • 35,000 net incremental associate growth (20% YoY increase)

Governance Achievements

  • Implemented robust risk management framework
  • Established a Whistle Blower and Vigil Mechanism Policy
  • Maintained high ethical standards as per Code of Conduct
  • Ensured compliance with labour laws and regulations

Climate Goals & Targets

Long-term Goals:
  • Become the largest private sector employer in India, largest staffing company in the world by headcount

Environmental Challenges

  • Pricing pressures and macroeconomic headwinds
  • Pressure on PAPM (per associate profit margin) from growth in large customers
  • Headwinds in the IT industry impacting IT staffing business
  • Reduction in NEEM trainees
Mitigation Strategies
  • Focus on fast-growing Global Capability Centres (GCCs)
  • Improved processes in IT staffing business
  • Transitioned to other high-margin apprenticeship programs
  • Expanding revenue drivers through value-added services
  • Driving economies of scale and operating leverage

Supply Chain Management

Responsible Procurement
  • Developing alternative vendors and suppliers
  • Maintaining strategic inventories

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC framework, GRI Standards 2021, UN Sustainable Development Goals (SDGs)

Third-party Assurance: M/s. S.R. Batliboi & Associates LLP (Statutory Auditors)