Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency, and Accountability
• Product Safety and Sustainability
• Employee Well-being
• Stakeholder Engagement
• Human Rights
• Environmental Protection
• Responsible Public Policy Engagement
• Inclusive Growth and Equitable Development
• Responsible Customer Engagement

Environmental Achievements

• Reduced per capita electricity consumption over the years
• Deployment of Hyper Converge Infrastructure (HCI) to optimize data center footprint and reduce energy consumption
• Recycling of wastepaper and printer toner cartridges

Social Achievements

• Augmented existing facial recognition-based attendance system with thermal screening for touchless experience
• Partnered with start-ups to leverage RTLS and AI for safe distancing in the workplace
• Developed Ramco CHIA, an AI-driven virtual assistant to simplify HR transactions, saving time and reducing human intervention
• Implemented programs related to physical and mental well-being of employees
• Coached managers to be more effective
• Conducted connect sessions with employees and provided leader recognition

Governance Achievements

• Established a CSR Committee to assess BR performance and oversee implementation of related policies
• Implemented a Whistle Blower Policy and Human Resource Grievance Redressal System
• Implemented an Investor grievance mechanism

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Priority given to local and small vendors

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SEBI LODR, National Voluntary Guidelines (NVGs)

Certifications: ISO Standards (Unspecified)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• RamcoGEEK (facial recognition with thermal screening)
• Ramco CHIA (AI-driven virtual assistant)
• Outlook Email-based transactions

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Product Safety and Sustainability
• Employee Well-being
• Stakeholder Engagement
• Human Rights
• Environmental Protection
• Public Policy Influence
• Inclusive Growth
• Customer Engagement

Environmental Achievements

• Deployment of Hyper Converge Infrastructure (HCI) reducing energy and cooling requirements in data centers.
• Gradual reduction in per capita electricity consumption over the years.
• Mechanism to recycle waste (dry and wet waste).

Social Achievements

• Initiated plans to implement and monitor programs related to physical and mental wellbeing of employees.
• Connect sessions with employees and recognition by leaders.
• 93% of permanent employees received safety & skill up-gradation training.
• Introduction of facial identity login feature for blue-collar workers, enabling easier access to Employee Self Service functions.

Governance Achievements

• Policies are approved by the Board/Senior Management Persons/Business Unit Heads.
• CSR Committee reviews BR performance periodically.
• Whistle Blower Policy and Human Resource Grievance Redressal System in place.

Climate Goals & Targets

Environmental Challenges

• Quantifying the percentage of sustainable sourcing inputs.
• Quantifying the percentage of recycling of products and waste.
• Impact assessment of community development initiatives to be undertaken in due course.

Mitigation Strategies

• Ongoing monitoring and evaluation of policies by external agencies and internal audits.
• Collaboration with approved recycling vendor for waste disposal.
• Focus on digital transformation to enable various global organizations to understand the role of digital technology.

Supply Chain Management

Responsible Procurement

• Priority given to local and small vendors.

Climate-Related Risks & Opportunities

Opportunities

• Promoting use of cloud solutions to clients, contributing to global environmental concerns.

Reporting Standards

Frameworks Used: SEBI LODR, National Voluntary Guidelines (NVGs)

Certifications: ISO Standards (Unspecified)

Sustainable Products & Innovation

• Self-Explaining Payslip
• Self-Configuration Engine
• Facial identity login feature

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Conservation of the Tropical Dry Evergreen Forest (TDEF) of South India
• Green IT initiatives focusing on energy-efficient infrastructure, cloud computing, virtualization, and green software development
• Reduced energy intensity per lakh rupee of turnover from 0.4272 to 0.3914
• Reduced water intensity per lakh rupee of turnover from 0.3889 to 0.3935

Social Achievements

• Employee well-being programs including 100% health insurance coverage
• CSR initiatives supporting education and skill development
• Return to Ramco initiative for women returning to the workforce
• 88.50% employee retention rate

Governance Achievements

• Implementation of a robust risk management framework
• Establishment of a Vigil Mechanism and Whistle Blower Policy
• Compliance with SEBI LODR and the Companies Act, 2013

Climate Goals & Targets

Environmental Challenges

• Economic uncertainties
• Adopting emerging technologies
• Attracting top talent
• Environmental responsibility
• Data privacy and compliance
• Increasing competition
• Rapid technological obsolescence
• Geopolitical tensions
• Currency volatility
• Economic and political conditions
• Intellectual property infringement
• Cybersecurity breaches and data privacy concerns
• Regulatory compliance and legal risks
• Changing buyer behavior

Mitigation Strategies

• Cost optimization measures
• Strategic partnerships
• Competitive compensation packages and professional development opportunities
• Robust risk management framework
• Stringent data governance policies
• Focus on customer experience and exploring new markets
• Continuous upskilling of workforce and investment in R&D
• Business continuity plans and diversification of operations
• Hedging trade receivables in major currencies
• Proactive avoidance of politically risky situations
• Dedicated team to monitor and enforce intellectual property rights
• Extensive cybersecurity measures and regular security audits
• Dedicated compliance team and legal counsel
• Close monitoring of industry changes and customer preferences

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Rising sea levels
• Harsher storms

Transition Risks

• Need for additional renewable energy

Reporting Standards

Frameworks Used: Integrated Reporting Framework by IIRC

Certifications: ISO 9001:2015, ISO 20000-1:2018, ISO 27001:2013

Awards & Recognition

• Philippines' Dream Employer of the Year 2023
• Best Workplace Diversity Award at the HR Tech Summit and Awards 2023
• ET Edge Employee Excellence 2023 Award
• 'Most Innovative Company of the Year' Award at the Asia CEO Awards 2023
• 'Top Vendor' for HR & Payroll at Global Enterprise Connect Awards 2023
• HR Vendors of the Year Awards for Best Payroll Software and Best Payroll Outsourcing
• 'Leader' and 'Star Performer' by Everest Group's PEAK Matrix® for APAC
• 'High Performing Partnership' by ISG Paragon Awards™ ANZ
• 'Leader' in NelsonHall's NEAT Assessment for Payroll
• 'Leader' in ISG's Provider Lens™ for Payroll Solutions & Services