Climate Change Data

Rane Holdings Limited

Climate Impact & Sustainability Data (2022-23, 2023-24)

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:34.18 tCO2e/year
Scope 2 Emissions:63.31 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:11,94,966 m3/year
Waste Generated:8.02 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Education
  • Healthcare
  • Environment
  • Community Development

Environmental Achievements

  • Installed 1 MW Solar Plant at Hyderabad Plant. RBL created own generation of overall renewable energy of 4.2 MW.

Social Achievements

  • Rane Polytechnic has achieved 100% placements for the third consecutive year
  • Rane Vidyalaya stepped into the sixth academic year with 744 Students across LKG to Class 9.

Governance Achievements

  • Rane Holdings Limited has adopted the Business Responsibility & Sustainability Reporting (BRSR) for FY 2022-23

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • It is proposed to setup appropriate measurement systems to capture greenhouse gas emissions across relevant business processes by Mar 2024.

Environmental Challenges

  • Turnaround planned in the US subsidiary had a setback due to poor offtake in the new business developed and even existing products.
  • Persistent warranty issue has had a detrimental impact on the financial performance of Rane NSK Steering Systems Private Limited.
  • Rt4u business was negatively impacted in FY22-23 particularly in Karnataka Sand mining and EV Battery OEM space as compared to previous year.
  • Supply chain challenges due to semiconductor shortage, shipping and logistics constraints.
Mitigation Strategies
  • Implemented various productivity improvement projects resulting in cost optimization.
  • Continuous discussion with NSK, Japan to reduce the financial burden on account of this issue.
  • Restricting future investments and reviewing the best decision regarding the future of this business in the long term interests of the Company.
  • Implemented strategic savings initiatives on power, sourcing etc., at the group level.

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: BRSR

Certifications: ISO 45001, ISO 27001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Overall best performance award from Maruti Suzuki
  • Best Kaizen award from Ashok Leyland
  • Daimler for being the reliable partner and achieving 100% delivery
  • VECV – Quality Excellence Category

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:51.21 tonnes of CO2 equivalent
Scope 2 Emissions:264.78 tonnes of CO2 equivalent
Scope 3 Emissions:Not disclosed
Renewable Energy Share:44%
Total Energy Consumption:Not disclosed
Water Consumption:1390.66 kilolitres
Waste Generated:24.95 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Sustainability

Environmental Achievements

  • Installed 1 MW Solar Plant at Trichy Plant, leading to 5.6 MW renewable energy generation. Overall, 44% of energy requirement met through renewable energy (Solar & Wind).

Social Achievements

  • Great Place to Work (GPTW) certified for 7th consecutive year (RBL) and 6th consecutive year (RML). Various employee wellbeing initiatives launched.
  • Women at Work Group launched to support women's career aspirations.

Governance Achievements

  • Robust internal control system implemented to prevent operational risks.
  • Ethical Standards of Behaviour – RANE COMPASS adopted for all Board members and employees.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Supply chain challenges due to semiconductor shortage, shipping and logistics constraints.
  • Market shift from small passenger car segment to utility vehicle segment impacting RML's sales.
  • Volatility in raw material costs eroding margins.
Mitigation Strategies
  • Focus on productivity and quality improvements, capacity utilization enhancement, cost optimization measures.
  • Increased revenue from international markets, new product development, and stronger aftermarket presence.
  • Procurement function implementing cost-reduction initiatives through alternate sourcing and localization, negotiating and passing through input cost increases to customers, and working on process improvements.

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: ISO 45001, ISO 27001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Supplier of excellence award from Polaris, Quality Excellence award from Tata Motors Commercial Vehicle, Quality Excellence award from Daimler, Extra Mile award from Tata Motors Passenger Vehicle, Kaizen awards from Tata Motors Limited, various awards from ACMA, QCFI, CII & ABKAOTS