Salasar Techno Engineering Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-2024)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Water Consumption:25707.5 kilolitres (FY2022-23); 10425.5 kilolitres (FY2021-22)
Waste Generated:5536.40 metric tonnes (FY2022-23); 5767.40 metric tonnes (FY2021-22)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Installed a 535 KW rooftop solar plant at its Hapur facility, generating 5.62 Lakh units of green energy during FY 2022-23
- Using LPG in zinc melting furnaces, minimizing pollution and improving efficiency
- Maintained ample green belt across plant premises
Social Achievements
- Spent Rs. 87.34 Lakhs on CSR initiatives, supporting various charitable trusts
- Employee benefit expenses of Rs. 4,646.34 Lakhs during FY 2022-23
- Fostering a sense of equality and diversity amongst its human resource through initiatives like employee engagement in decision making, annual get-together, sports & office picnic
Governance Achievements
- Adopted Vigil Mechanism Policy for fair and transparent affairs
- Maintained cordial industrial relations
- Consistently paid dividends for the last 5 years
Climate Goals & Targets
Environmental Challenges
- Credit risk from customers
- Economic slowdown impacting growth
- Infrastructure investment slowdown
- Foreign currency risk
- Execution challenges (geological surprises, land acquisition, approvals)
Mitigation Strategies
- Detailed review mechanism for overdue receivables
- Diversified business portfolio and geographical presence
- Foreign exchange risk mitigation policy with hedging
- Close monitoring of project risks and mitigation strategies
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct covering anti-bribery, emissions, safety, human rights, and ethics
Climate-Related Risks & Opportunities
Reporting Period: 2023-2024
Environmental Metrics
Scope 1 Emissions:4,448.23 Metric tonnes of CO2 equivalent
Scope 2 Emissions:3,490.99 Metric tonnes of CO2 equivalent
Water Consumption:24,474.59 kilolitres (2023-24); 25,707.5 kilolitres (2022-23)
Waste Generated:7,967.99 metric tons (2023-24); 5,536.4 metric tons (2022-23)
ESG Focus Areas
- Health & Safety
- Labor Practice & Employee Development
- Climate Change
- Data Security & Privacy
- Business Ethics & Integrity
- Supply Chain Management
- Waste Management
- Sustainable Innovation and Digital Reliability
- Diversity, Equity & Inclusion
- Human Rights
- Corporate Governance
- Regulatory Compliance
- Natural Resources Conservation
- Social Development & Community Involvement
Environmental Achievements
- Achieved ZLD in one plant
- Significant efforts to reduce absolute Scope 1 and 2 GHG emissions
Social Achievements
- Conducted stakeholder engagement exercise via materiality assessment in 2024-25
- Planning to implement ISO 20400 for sustainable procurement
Governance Achievements
- All company policies are reviewed & approved by the Board or the Managing Director (MD)
Climate Goals & Targets
Long-term Goals:
- Obtain ZLD in all plants by 2029
Medium-term Goals:
- Reduce companywide absolute Scope 1 and 2 GHG emissions by 10% by 2030, against a 2023 base year
- Implement sustainable sourcing practices in its supply chain by 2028
Environmental Challenges
- Enhancing environmental management
- Addressing social issues
- Strengthening governance structures to meet evolving regulatory expectations
Mitigation Strategies
- Developing and implementing a climate action plan, including emissions reduction and energy efficiency initiatives
- Implementing comprehensive health and safety protocols, regular safety training, and emergency preparedness plans
- Establishing continuous learning programs, career development paths, and fair labor practices
- Implementing advanced cybersecurity measures, conducting regular audits, and providing employee training on data privacy
- Developing a comprehensive code of ethics, conducting regular training, and establishing a whistleblower policy
- Conducting supplier risk assessments, adopting sustainable procurement practices, and implementing technology-driven supply chain solutions
- Adopting waste reduction strategies, recycling programs, and proper waste disposal methods
- Investing in R&D for sustainable technologies and ensuring digital systems are reliable and secure
- Developing DE&I policies, conducting bias training, and implementing inclusive hiring practices
- Implementing a human rights policy, conducting due diligence, and ensuring compliance with international standards
- Establishing clear governance structures, conducting regular board evaluations, and engaging stakeholders
- Developing a compliance management system, conducting regular training, and monitoring regulatory changes
- Implementing resource efficiency programs, sustainable sourcing, and conservation initiatives
- Developing community engagement programs, investing in social projects, and encouraging employee volunteering
Supply Chain Management
Responsible Procurement
- Supplier code of conduct
- Sustainable sourcing practices