Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Product responsibility
• Wellbeing of Employees
• Stakeholders’ Engagement
• Human Rights
• Environment
• Public Policy
• Inclusive Growth
• Consumers’ Relations

Environmental Achievements

• Reduced diameter of Optical Fiber Cables (Micro Cables) by approximately 20%
• Switched to 90% of designs with dry core construction, reducing petroleum product use
• Recycled water in manufacturing facilities, reducing fresh water consumption
• Installed Solar Photo Voltaic System at more than 3,350 BTS sites

Social Achievements

• Provided Annual Health Check-ups, Occupational and Skill Enhancement Training, Maternity/Paternity benefits, Insurance (Health, Accident, Life), subsidized food, transport facility for late working and night shift working to employees
• Undertook various social initiatives providing medical facilities to marginalized communities
• Implemented community benefit programs with impact assessment

Governance Achievements

• Annual review of BR performance by the Board/Committee
• Publication of annual BRR as part of the Annual Report
• Implementation of Anti-bribery and Anti-corruption Policy applicable to all individuals worldwide working for all affiliates and subsidiaries of HFCL

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sourcing of RoHS and REACH compliant raw materials

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Micro module cables (reduced cable diameters by approx. 20%)
• Cables with dry core construction
• RoHS and REACH compliant products

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Replaced all traditional lights with LEDs across the organisation.
• Reduced optical fibre cable diameters by 15%, resulting in a 25% reduction in cable weight.
• Switched to 90% of designs with dry core construction, reducing petroleum product use.
• Water is continuously recycled in Goa and Hyderabad manufacturing facilities.

Social Achievements

• Launched CARES (Consulting Aid for Resilient Emotional State), an Employee Assistant Programme.
• Hired 700+ new employees during FY22.
• Spent INR 6.81 Cr on CSR initiatives focusing on healthcare and education.

Governance Achievements

• Established a well-articulated governance framework.
• CARE Ratings upgraded the Company's credit rating to A with stable outlook.
• Implemented a Whistle-Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Slowdown in the global economy due to geopolitical tensions and supply chain disruptions.
• Competition in the telecom, defence, and railway sectors.
• Risk of delays in project completion.

Mitigation Strategies

• Business diversification beyond telecom to defence, railways, and smart city segments.
• Strong operational policies and a talented team.
• Professional consultants to monitor currency fluctuations and hedging strategies.

Supply Chain Management

Responsible Procurement

• Long-term contracts with reputed suppliers; optimizing transportation by using full truckloads.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 14001

Sustainable Products & Innovation

• Reduced diameter optical fibre cables; dry core construction cables; solar-powered BTS sites.

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Product responsibility
• Wellbeing of Employees
• Stakeholders’ Engagement
• Human Rights
• Environment
• Public Policy
• Inclusive Growth
• Consumers’ Relations

Environmental Achievements

• Reduced diameter of Optical Fibre Cables (Micro Cables) by 15% in diameter and 25% reduction in cable weight
• Promotes new designs manufactured with use of no Jelly and reduced level of jelly by using dry water blocking materials and switched to 90% of designs with dry core construction
• Water recycling in manufacturing facilities reducing fresh water consumption
• Installation of Solar Photo Voltaic System at 3,350 BTS sites

Social Achievements

• Annual Health Check-ups for employees
• Occupational and Skill Enhancement Training for employees
• Maternity/Paternity benefits for employees
• Various social initiatives providing medical facilities to marginalized communities

Governance Achievements

• Implementation of Anti-bribery and Anti-corruption Policy applicable to all individuals worldwide working for all affiliates and subsidiaries of HFCL

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• long-term contracts with reputed suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Optical Fibre, Optical Fibre Cables (OFC) with various type of designs
• micro module cables

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste Management
• Health and Safety
• Diversity and Inclusion
• Employee Growth, Development and Skills
• Innovation Management
• Data Security and Privacy

Environmental Achievements

• Implemented Zero Liquid Discharge mechanism at all manufacturing plants.
• 40% reduction in fuel-diesel consumption by optimising forklift operations in 2021-22 at Goa facility.
• Waste diverted from landfilling to AFR/Recycling

Social Achievements

• 100% of permanent employees and workers covered by PF and Gratuity.
• Various training programs for employees and workers on health and safety, skill upgradation, DEI, POSH Act and Women's Rights.
• CSR initiatives benefiting over 143,662 individuals, with 100% from vulnerable and marginalized groups.

Governance Achievements

• Established ESG Committee.
• Implemented anti-bribery and anti-corruption policy.
• Whistleblower Policy in place.

Climate Goals & Targets

Environmental Challenges

• Climate Change risks including supply chain breakdowns, operational hazards, and asset management complexities due to extreme weather events.
• Data security and privacy risks.

Mitigation Strategies

• Strategies aligned with mitigating climate change related risks and anchoring for sustainable development.
• Implementing measures and processes designed to secure, protect and safeguard information at all levels.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Environmental, social, and governance compliances are mandatory for vendor registration.
• Sourcing solder paste from ISO 14001:2015 certified supplier.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory transformations

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015, TL9000:2016, ISO 10002:2018, ISO 14001:2015, ISO 45001:2018, ISO 27001:2013, ISO 27701:2019, ISO/IEC 20000-1:2018, ISO/IEC 17025:2017, ISO 22301:2019

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• New-generation wireless connectivity solutions with improved energy efficiency
• Energy-efficient 5G wireless radio products

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Innovation Management
• Data Privacy and Cyber Security
• Employee Growth, Training, and Learning & Development
• Climate Change
• Sustainable Supply Chain
• Occupational Health and Safety
• Waste Management
• Diversity and Inclusion

Environmental Achievements

• Planning to install 1 MWp rooftop Solar power in Hyderabad facility to generate 1.5 million units/annum during financial year 2024-25. This will bring down carbon emission up to 1,215 Metric Ton/annum and Monetary saving up to ₹105 Lacs.
• Implemented Zero Liquid Discharge (ZLD) by establishing Sewage Treatment Plants
• STP capacity extended to 35 KLD for sewage treatment.
• Horticulture waste is composted and utilised for in-house gardening.
• Reducing power consumption by upgrading technology in machineries resulting in saving of 10% of electricity cost on a yearly basis.
• Set goals for a cumulative 40% renewable energy transition by 2026-27.
• Targeted meeting 7% of the energy requirement by FY2025 by renewable energy sources.
• Reduce power consumption by upgrading technology in machineries resulting in saving of 5 lakh units of electricity on a yearly basis by 2025.
• Goa facility has taken several initiatives to recycle its packaging waste

Social Achievements

• Various training programs for employees on topics like 5S Pillars, Integrated management systems (IMS), and six sigma, Awareness Session on Person with Disability (PWD), Assertive Communication, Business Etiquette Workshop, Session on Sustainable future by reducing Carbon Footprints, Change Management, Conflict Management and Problem Solving, Empowering Female Leaders of the Future, Prevention of Sexual Harassment (POSH) Awareness Session, Mastering work life balance -stress management training, Training on emergency preparedness- electrical safety, awareness, evacuation of shop floor /office during emergency, Hazard Identification and Risk Assessment, Pathway to wellness – A comprehensive talk on health aspects, Responsible disposal- Training on EU RoHS & the E-Waste (Management) Rules, 2022, Safety first- Comprehensive Training on Lock Out Tag Out, Near-miss Reporting, Monsoon Preparedness.
• Implemented a sustainable procurement process, making environmental, social, and governance compliance mandatory as part of the vendor onboarding and registration process.

Governance Achievements

• Established an ESG Committee to oversee and lead the Company’s environmental, social, and governance strategies

Climate Goals & Targets

Environmental Challenges

• Climate Change risks encompassing supply chain disruptions, operational risks, and asset management complexities due to extreme weather events.
• Risks of supply chain disruption may arise from factors such as climate change, geopolitical factors, or shortages in raw materials.
• Occupational Health and Safety risks

Mitigation Strategies

• Strategies and actions to mitigate climate change related risks and to anchor for sustainable development.
• Building resilience by implementing sustainable practices to combat climate change, diversifying suppliers to reduce geopolitical stresses and obtaining alternate sources to handle raw material shortages.
• Maintaining a safe, hazard free and healthy work environment for its employees and workers by adhering to healthy standards, norms, regular safety training and risk awareness sessions.

Supply Chain Management

Responsible Procurement

• Sustainable procurement process, making environmental, social, and governance compliance mandatory as part of the vendor onboarding and registration process.

Climate-Related Risks & Opportunities

Physical Risks

• extreme weather events

Transition Risks

• regulatory changes, market shifts

Sustainable Products & Innovation

• new-generation wireless point-to-point and point-to-multipoint connectivity solutions
• new generation 5G wireless radio products