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)