Climate Change Data

SANGHVI MOVERS LIMITED

Climate Impact & Sustainability Data (2021-22, 2022-23, 2023-2024)

Reporting Period: 2021-22

Environmental Metrics

ESG Focus Areas

  • Safety
  • Environmental Sustainability
  • Community Engagement

Environmental Achievements

  • Installed 90 kWh solar plant at its Registered Office and 30 kWh solar plant at its depot resulting in use of renewable energy.
  • Initiated energy conservation programs

Social Achievements

  • Provided regular safety and skill up-gradation trainings to employees.
  • Deployed local service providers in its operations to the maximum extent possible.
  • Provided road safety trainings and regular health programs to drivers.

Governance Achievements

  • Maintained high standards of ethical behavior and compliance with regulations.
  • Established a Vigil Mechanism and Whistle Blower Policy.
  • Complied with Secretarial Standards issued by the Institute of Company Secretaries of India.

Climate Goals & Targets

Environmental Challenges

  • Global economic conditions affecting the Indian economy.
  • Competition from domestic and foreign players.
  • Cybersecurity risks.
  • Sustainability risks (ESG risks).
  • Market risks (inter-state movement of cranes, entry tax, delayed payments).
  • Regulatory risks.
  • Manpower risks (shortage of skilled operators and technical staff).
  • COVID-19 risks.
Mitigation Strategies
  • Implemented mitigation plans to minimize adverse impact on revenue and profitability.
  • Strengthened cybersecurity posture (security procedures, training, secure device configurations, intrusion detection systems, etc.).
  • Adopted forward-looking practices to address ESG objectives.
  • Developed alternative procurement strategies.
  • Explored contractual remedies to deal with disruptions.
  • Regularly conducted safety trainings and programs, implemented COVID-19 specific arrangements (sanitization, thermal screening, social distancing).

Supply Chain Management

Responsible Procurement
  • Dealing with various clients/vendors policy covering high quality service standards, compliance with EHS standards/regulations, labor, employee and human rights related regulations.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:4,967.02 tCO2e/year (Scope 1) and 168.80 tCO2e/year (Scope 2)
Scope 1 Emissions:4,967.02 tCO2e/year
Scope 2 Emissions:168.80 tCO2e/year
Water Consumption:450 kilolitres/year
Waste Generated:1.47 metric tonnes/year

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Installed 90 KW solar plant at Registered Office and 30 KW solar plant at Vadgaon depot.
  • Implemented measures to optimise fuel consumption and reduce emissions.
  • Installed a compost fertilizer plant at Registered Office in Pune.

Social Achievements

  • Supported initiatives that enhance access to quality education and skill development opportunities.
  • Engaged in initiatives that aims to improve access to healthcare facilities.
  • Promotes a varied and inclusive workforce.

Governance Achievements

  • Upholds the highest standards of corporate governance and ethical conduct.
  • Implemented strong governance practices, including effective risk management and internal controls.
  • Promotes a culture of integrity and zero tolerance for corruption.

Climate Goals & Targets

Long-term Goals:
  • To emerge as a global sustainability leader within the crane rental industry.

Environmental Challenges

  • Minimising environmental footprint.
  • Reducing greenhouse gas emissions.
  • Conserving energy and managing waste responsibly.
Mitigation Strategies
  • Investing in modern equipment and technologies that are more energy-efficient and environmentally friendly.
  • Adopting best practices in fleet management and maintenance to optimise fuel consumption and reduce emissions.
  • Promoting environmental awareness and education among employees.

Supply Chain Management

Responsible Procurement
  • Sustainable Supply Chain And Responsible Sourcing Policy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, NGRBCs

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Awards & Recognition

  • Most Preferred Workplace 2023
  • C & I India Energy Leadership Award
  • WIND-5, INSIDER Award
  • Turnkey Solution Provider of the Year 2023
  • WIND-5, INSIDER Project of the Year
  • Performance Excellence Award of the Year 2023
  • ReNew Power Best Contractor Award 2022
  • Vestas Certificate of appreciation
  • Certificate of appreciation from GE Renewable Energy
  • Authorised Economic Operator Certificate
  • Certificate of appreciation from Ministry of Finance

Reporting Period: 2023-2024

Environmental Metrics

Total Carbon Emissions:5,056.55 tCO2e/year (Scope 1) + 318.71 tCO2e/year (Scope 2)
Scope 1 Emissions:5,056.55 tCO2e/year
Scope 2 Emissions:318.71 tCO2e/year
Total Energy Consumption:81,309.56 MWh/year (non-renewable) + 49.72 MWh/year (renewable)
Water Consumption:456.31 m3/year
Waste Generated:1.22 tons/year

ESG Focus Areas

  • Emissions & Pollutants
  • Operational Efficiency
  • Waste Management
  • Climate Risk and Adaptation
  • Circular Economy
  • Customer Satisfaction
  • Operational Health & Safety
  • Employee Well-being & Retention
  • Labour Management
  • Diversity & Inclusion
  • Human Rights
  • Customer Information And Privacy Protection
  • Corporate Governance
  • Business Ethics And Compliance

Environmental Achievements

  • Installed a 120-kilowatt solar power system
  • Providing cranes for wind farm construction
  • Planted over 2,500 trees till 31 March 2024

Social Achievements

  • Implemented various initiatives to ensure the health and safety of our workforce
  • Prioritises the overall growth of its employees through robust people practices
  • Organised various events such as annual sports events, festival celebrations, trekking, health check-ups, and learning and development programmes

Governance Achievements

  • Implemented an Anti-Bribery and Anti-Corruption Policy along with a robust Vigil Mechanism and Whistleblower policy

Climate Goals & Targets

Environmental Challenges

  • Emissions and pollutants from crane operations
  • Waste management during company operations
  • Climate change events posing physical and transitional risks
  • Ensuring customer satisfaction in a high-value project sector
  • Operational health and safety risks due to manual labor and heavy machinery
  • Employee well-being and retention
  • Effective labour management practices
  • Improving diversity and inclusion
  • Protecting human rights
  • Customer information and privacy protection
  • Corporate governance
  • Business ethics and compliance
Mitigation Strategies
  • Committed to clean energy transition with an environmental policy, investing in solar plants and energy-efficient equipment
  • Established Waste Management and IT E-Waste Management Policies
  • Actively monitoring the evolving environmental landscape and associated regulations
  • Ensuring service quality with an escalation mechanism to address customer concerns
  • Strong emphasis on Employee Health and Safety (EHS) with ISO 45001 certification and regular trainings
  • Prioritising employee well-being with health and well-being initiatives, fair pay norms, equal opportunities, and extensive training programmes
  • Implementing robust labour management systems, including clear job descriptions and regular training programmes
  • Formulating measures to improve diversity and inclusion
  • Prioritising equal opportunity, strictly enforcing policies against sexual harassment, prohibiting child and forced labour, and adhering to a comprehensive code of conduct
  • Having a privacy policy and robust systems in place to safeguard customer information
  • Strict adherence to all relevant laws and regulations with robust systems in place to monitor regulatory compliance
  • Implementing an Anti-Bribery and Anti-Corruption Policy along with a robust Vigil Mechanism and Whistleblower policy

Supply Chain Management

Responsible Procurement
  • Sustainable Supply Chain And Responsible Sourcing Policy

Climate-Related Risks & Opportunities