Afcons Infrastructure Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:217,145.96 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:1,56,282.00 tCO2e/year
Scope 2 Emissions:60,863.96 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:27,06,685.47 GJ/year
Water Consumption:13,47,475 m3/year (consumption)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Energy and Emissions
- Water and Wastewater Management
- Waste Management
- Occupational Health & Safety
- Human Capital Development
- Corporate Governance and Business Ethics
- Product Quality & Safety
- Regulatory Compliance
- Local Communities
Environmental Achievements
- Improved wastewater recycling by 11% year-on-year
- Reduced total energy consumption
- Improved energy efficiency
- Implemented dust suppression methods, equipment emission controls, and noise reduction tactics
Social Achievements
- Launched Whole Wellness Model encompassing physical, emotional, mental, and spiritual well-being
- 100% of employees received performance and career development reviews
- Implemented a Behaviour Based Safety (BBS) program
- Various CSR initiatives including community kitchens, relief to orphanages, and income augmentation programs in Africa
Governance Achievements
- Established a Risk Management Committee
- Developed and implemented a Risk Management Policy
- Annual performance evaluation of the Board and individual Directors
- ISO 9001, ISO 14001, and BS OHSAS 18001 certified
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Slight increase in total electricity consumption and Scope 2 emissions
- Managing hazardous waste from construction
- Maintaining stringent environmental standards across diverse projects
Mitigation Strategies
- Implementing energy-efficient measures and transitioning to renewable energy sources
- Responsible disposal of hazardous waste through authorized recyclers
- Stringent environmental compliance and oversight with a dedicated team of environmental engineers and auditors
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Rigorous screening of hazardous waste recyclers
- Minimising environmental impacts by replacing hazardous paints with non-hazardous alternatives
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 9001, ISO 14001, BS OHSAS 18001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Most Innovative Knowledge Enterprise (MIKE) Award (2018-2022)
- National Highway Excellence Award
- EPC World Award for Kanpur Metro
- Maharashtra State Best Employer Brand Award
- CIDC Awards
- International Project of the Year Award
- Excellence in Rail & Metro Project Execution Award
- Construction Contractor of the Year Award
- Dun & Bradstreet Award
- British Safety Council's International Safety Award
- Royal Society for Prevention of Accidents (ROSPA) International Safety Award
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
- Safety
- Employee well-being
- Sustainability
Environmental Achievements
- Publication of maiden ESG report
Social Achievements
- Achieved 15 Million Safe Man Hours without Lost Time Injury on multiple projects
- Afcons ranked second among Top Infra Companies of India
- Afcons adjudged third Fastest Growing Company
- Fastest implementation of S4 Hana On Rise in Afcons
- 1 mn Safe Man hours achieved by Afcons in global projects
- Afcons wins Global MIKE Award for sixth time in a row
- Various awards received for excellence in projects and corporate social responsibility
Governance Achievements
- Successful implementation of S4 Hana On Rise, a cutting-edge technology
Climate Goals & Targets
Long-term Goals:
- Vision 2027: Become a `25,000 Cr organisation
Environmental Challenges
- Global uncertainties
- More subdued order booking in 2023
- Contractual issues in the infrastructure sector, with risks and liabilities often shifted to contractors
- Delays due to unforeseeable geological/sub-surface conditions
- Lack of compensation for employer's delays
- Neutrality concerns regarding engineers appointed by the employer
- Issues with price adjustment payments
Mitigation Strategies
- Organisational structural changes to manage growth and foster leadership
- Heightened emphasis on employee productivity
- Addressing contract issues through improved clauses (e.g., payment of damages for employer's delays, sharing of cost-saving benefits, compensation for unforeseeable difficulties)
- Ensuring site handover, environmental clearances, and employer's financial position before project award
- Implementation of S4 Hana On Rise to improve operational efficiency and resilience
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Most Innovative Knowledge Enterprise (MIKE) award (Global and Indian categories for eight consecutive years)
- Most Outstanding Global MIKE Award winner in 2023
- One of the Top 50 Innovative Companies in 2023 at the CII Industrial Innovation Awards
- Industry Excellence Award for 2023 from the Institution of Engineers, India (IEI)
- Atal Shastra Markenomy - Best Private Sector Infra Construction Enterprise’ Award at the 8th Atal Shastra Markenomy Awards 2023
- Third prize in the Newsletter (English) category at the Public Relations Society of India (PRSI) National Awards 2023
- Third position in the Best Communication Campaign (Internal) category at the PRSI National Awards 2023
- Best Infrastructure Development Company Award at the Zee Real Heroes Awards 2023