Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Replaced all office lighting with LED Lamps at plant level; Replaced some Air Cooled Units with Water Cooled Units at the Roorkee plant to avoid creation of negative air pressure; Installation of energy efficient blowers at Chennai plant; Reduction of layup chiller power consumption at Chennai plant; recycles broken glass (cullet) back into the furnace to reduce energy consumption

Social Achievements

• AIS Integrated Community Development Programme (ICDP) saw a successful implementation at 51 villages; focus was on overall development through interventions in the areas of education, vocational training, health and livelihood development to help empower thousands of men, women and children living close to its manufacturing facilities at Bawal (Haryana) and Roorkee (Uttarakhand).

Governance Achievements

• Strong corporate governance and stringent values which is reflected in the way of doing business; Sound business ethics and integrity are core to the organisation’s values and each business places a high importance on its dealings with all employees, customers, suppliers and other stakeholders

Climate Goals & Targets

Environmental Challenges

• Subdued global backdrop; decelerating growth of China; developments in the US relating to interest rates, dollar movement across currencies and US Presidential election; escalation of tensions in the Middle East and Brexit; subdued year for the construction industry affected by demonetization, RERA and the run up to GST

Mitigation Strategies

• Focused vision and executing by staying true to its core values; brownfield capacities in Auto; greenfield expansion for its 5th automotive plant in Gujarat; Taloja plant refurbishment; continuous focus and investments in building a diverse talent pool; introduced new value added products for glazing and interiors segments

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• AIS Renew
• Ecosense Excel
• AIS Décor
• AIS Pyrobel
• AIS Swytchglas

Awards & Recognition

• Award in Overall Excellence and Certificate for Spares Schedule Adherence from Maruti Suzuki India Ltd.
• Best Kaizen in Cost category at National level Kaizen Competition 2016-17 from Honda Cars India Ltd.
• Special Award, Appreciation Award and a Shield for Special Support for the year 2016 by Hyundai Motor India Ltd.
• Best Supplier Award 2016 in Chemical Commodity by Fiat India Automobiles Pvt. Ltd.
• Best Supplier 2016 – Quality and a special citation of Distinction by Tata Motors Ltd.
• Shield for Best Quality Performance for 2016-17 in Mahindra Supplier Excellence Awards from Mahindra & Mahindra Ltd.

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced water consumption by 46,000 liters per month at one plant by installing a new fire hydrant point.
• Reused 441 tonnes of wooden scrap.
• Patan plant designed for IGBC and LEED certification using high-performance glass in the factory façade, resulting in energy savings with a 2.5-year payback period.

Social Achievements

• Implemented various community development programs in Bawal, Roorkee, and Patan focusing on education, skill development, and women empowerment.
• Provided support during the COVID-19 crisis by distributing oxygen concentrators and setting up PSA oxygen generation plants.
• Launched several initiatives to keep employees engaged and motivated during the pandemic.

Governance Achievements

• Maintained compliance with corporate governance requirements (except for a temporary shortfall in independent directors).
• Established a Vigil Mechanism/Whistle Blower Policy.
• Implemented a robust risk management policy.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting key growth-driving automotive and construction industries.
• Supply chain disruptions.
• Slowdown in the automotive and residential housing markets.
• Spike in commodity prices.

Mitigation Strategies

• Developed and implemented pandemic-related guidelines and protocols.
• Prioritised investments and digitalised processes.
• Introduced virtual engagement and training programs.
• Implemented cost rationalisation programs.
• Reduced debt by ₹233 crores.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• AIS Eco Sense Excel Glass
• AIS Eco Sense Edge Glass
• AIS SunShield Heat Reflective Glass

Awards & Recognition

• Runner Up Supplier of the Year 2020 (Toyota Kirloskar Motor)
• Zero Defects Supplies – Year 2020 (Toyota Kirloskar Motor)
• Certificate for achieving target in Quality – Year 2020 (Toyota Kirloskar Motor)
• Certificate for achieving target in Delivery – Year 2020 (Toyota Kirloskar Motor)
• Zero Defect Vendor for Bi3 Defect (Hyundai Motor India)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced CO2 emission by adopting new technology across plants
• Recycled approx. 17,000 kl of water, reducing fresh water consumption
• Deployed energy conservation initiatives resulting in 33.61% y-o-y cost savings

Social Achievements

• Facilitated various community development initiatives in education, vocational training, health, sanitation, skill development and COVID-19 awareness, benefiting 18,894 individuals
• Ran Unnati Education Programme providing tutorial support to 546 students
• Implemented Unnati skills development programme empowering women with tailoring and other skills

Governance Achievements

• Complied with all the requirements of Corporate Governance as laid down under Chapter IV of Listing Regulations
• Established a Vigil Mechanism/ Whistle Blower Policy
• Improved credit rating from A to A+

Climate Goals & Targets

Environmental Challenges

• Supply chain delays and disruptions
• Rampant commodity inflation
• Commodity price increases driving input costs

Mitigation Strategies

• Made adjustments to plans to address supply chain issues
• Strove for better cost control
• Used foreign currency forward contracts to hedge risks associated with foreign currency fluctuations

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• AIS Ecosense
• AIS Sunshield
• AIS Opal

Awards & Recognition

• Overall Excellence Award from MSIL
• 4 awards from TKML
• Global awards nomination from DICV
• 2nd Best Supplier of the Year Award from Tata Motors
• Best Quality Silver Award from Ashok Leyland
• Supplier Quality Excellence Award from General Motors
• ACMA Atmanirbhar Excellence Award
• CII Excellence in Specific Areas Award
• CII Kaizen Conclave 2022 Award

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 80% share of total energy from renewable sources by 2030.
• Launch a Carbon Neutrality Roadmap (scope 1, 2 and 3)
• Aim to minimize waste and maximize recycle and reuse of waste materials.
• Reduce plastic waste by adopting recyclable materials on Y-o-Y basis.
• Adopt biodiversity parks at manufacturing sites (as feasible) to enhance green belt.
• Aim for Zero Liquid Discharge (ZLD) for all manufacturing sites.
• Pioneering Green-Hydrogen in float glass manufacturing
• Significant reduction in carbon dioxide emissions (1,250 MTPA)

Social Achievements

• Human Resource commitments i.e., 70% internal movement and 30% external hiring.
• Focus on skill upgradation of talent pool and improve employee engagement and survey score on Y-o-Y basis.
• Digitalization of Human Resource data sets.
• Committed to achieve zero accident across all sites.
• Ensure compliance with applicable safety regulations, standards, and legal requirements, including conducting a safety audit and implementing corrective action as necessary.
• Continuous stakeholder engagement with employees, customers, suppliers, and the local community, to raise awareness and gather feedback on sustainability and community development initiatives.
• 17,000+ Persons benefitted from CSR efforts in FY 2023-24
• J8.50 cr+ CSR spent in FY 2023-24

Governance Achievements

• Zero tolerance towards corruption, bribery and conflict of interest at AIS
• Protect and uphold principles of human rights, dignity, and workplace ethics always and in all circumstances.
• Ensure compliance to data protection and data privacy; ensure strong cyber security controls and measures.
• Promote ethical business dealing and public relation with government representatives, industry associations / chambers, and business partners.
• Uphold good corporate governance with effective Board oversight.
• Collaborate with partners to co-create solutions for Social & environmental positive footprint.

Climate Goals & Targets

Environmental Challenges

• Margins Compression evident in economy
• Auto performance needs improvement
• Cost Increases more than any gains. Effect on Margins
• Quality Standards tightening
• Reduction in Float margin from 30.03% in FY 2022-23 to 17.70% in FY 2023-24 caused by a surge in imports at dumping prices and addition to capacity in India
• Slight delays in vertical startup of new projects and cost increases in certain inputs like raw materials and energy
• Geo - political uncertainties and supply chain disruptions
• Massive volatility in commodity prices and risk of foreign exchange
• Removal of Anti-dumping duty etc.
• Competition & use of alternatives

Mitigation Strategies

• Fast response
• increase local design and development; reduce cost of wastages; improve operational excellence; harness the power of digitalization, machine learning, manufacturing 4.0, AI; localization; sustainability; skill advancement; tier 2 improvement; cyber security; all of it under the umbrella of a holistic TQM management’s rigor and discipline
• scaling up and investing strongly with world-class facilities but with financially prudent norms
• deep localization program with much lower risk
• judicious for buildup of profitable assets in existing businesses, and sensible amounts for futuristic businesses
• evaluating all its GHG emissions and taking suitable countermeasures to reduce our carbon footprint
• working with experts and state governments to find ways to substantially increase our use of renewable energy in all our plants
• continuously exploring more avenues to substantially reduce our carbon footprint

Supply Chain Management

Responsible Procurement

• sustainable sourcing
• Audit Assessment
• Vendor Rating process

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• AIS Ecosense Spectra
• AIS Opal Trendz
• AIS Pyrobel-T

Awards & Recognition

• Maruti Suzuki India Ltd. Overall Excellence Award
• Maruti Suzuki India Ltd. HR Award
• Hyundai Motor India Ltd. Excellence in Sustainability Drive 2023
• Mahindra and Mahindra Ltd. Mahindra Supplier Excellence Award
• Renault Nissan India Pvt Ltd. Quality & Customer Satisfaction Mindset Award 2023
• Daimler India Commercial Vehicle Plaque
• Daimler India Commercial Vehicle Certificate of Appreciation
• IGBC Green Factory Buildings Gold Certification for AIS Patan plant