Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Generated 246.60 lakh units from wind and 23.86 lakh units from solar farms, equivalent to a saving of 25063 tons of CO2

Social Achievements

• Continued Founder’s Day celebration in a grand manner
• Focus on a safe working atmosphere, constantly evolving systems for recognition and reward, consistent communication and imparting skills and training

Governance Achievements

• Risk Management Committee (RMC) formed
• Corporate Social Responsibility (CSR) Committee constituted and CSR Policy adopted

Climate Goals & Targets

Environmental Challenges

• Cyclical variations in automotive industry performance
• Sensitivity to policy changes
• Competitive market
• Fluctuating raw material prices
• Pressure on margins
• Global economic health impacting demand
• Geopolitical risks from the war in Eastern Europe
• Inflation in commodity prices
• Interest rate hikes
• Prospect of significant demand reduction

Mitigation Strategies

• Increased geographic spread of customer base
• Improved capacity utilization in existing facilities
• Prioritized working capital management

Supply Chain Management

Responsible Procurement

• Supplier survey
• Continuous risk assessments and audits
• Detailed questionnaire for new key material suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on social, environmental and economic responsibilities of business

Certifications: ISO 9001, TS 16949

Awards & Recognition

• India’s Most Admirable Brand 2022
• India’s Top Minds 2022

Environmental Metrics

ESG Focus Areas

• Health, safety and Environment
• Climate change
• Supply Chain Disruptions
• Disaster Recovery
• Information Systems, Data protection and Customer Privacy
• Human Resources development - Training and Education
• Waste Management
• Social Impact

Environmental Achievements

• Implementation of robust waste management system incorporating initiatives that ensure hazardous waste management and responsible disposals
• 100 % forging flash to steel mills for recycling purpose
• 100 % of treated industrial effluent for processing is reused
• 50 % of recycled water from sewage treatment plant is used for maintenance of greenery in the plant
• 100 % of hazardous waste is sent to authorized waste handler
• Packing boxes are recycled
• The E -Waste generated across the company is handled meticulously every quarter

Social Achievements

• Creating bench and identifying next rung of leaders
• Providing a need based and innovative range of training courses
• Company supports the needs of the Employees classified as Persons with Disabilities. The Company’s office / factory units are designed keeping in mind accessibility of differently abled employees.
• The premises / offices have been equipped with ramps, furniture, washrooms, lifts and handrails for stairwells to facilitate the movement of differently abled individuals.

Governance Achievements

• Implementation of Integrated Management System comprising ISO 14001 (Environmental Management System) and ISO 45001 (Occupational Health & Safety Management System) by the end of F 26.

Climate Goals & Targets

Environmental Challenges

• Health and Safety incidents
• Increase in cost of operations and possible reduction in demand due to market conditions
• Supply Chain Disruptions
• Business interruption due to natural calamities
• Confidential data leakage
• Poor waste management

Mitigation Strategies

• Implementation of company -wide robust EHS management system ensuring zero harm to life; Providing training to all the employees and workers on safe working practices; Ensuring periodic inspection and audit; Investigation of each reported case and preparation of remedial action.
• Various cost control initiatives were taken to mitigate the operational cost risk; Concentrating on development of new products to bring in new business; Focusing on diversification strategy in order to capitalize on the increasing demand
• Various measures are undertaken by the Company to enhance its supply chain resilience, including multi -sourcing of raw materials, improving warehouse management and leveraging technology to optimize logistics operations.
• Adequate protection plan against calamities including appropriate insurance were taken.
• All privileged system access is reviewed periodically and data leakage prevention system are implemented.; Restricted data access control and data encryption to monitor the work activities implemented.; Internal audits is being conducted regularly to ensure compliance with the Privacy Policy and to uphold the highest standards of data protection.
• Implementation of robust waste management system incorporating initiatives that ensure hazardous waste management and responsible disposals.

Supply Chain Management

Responsible Procurement

• Supplier survey, continuous risk assessments and audits
• All new key material suppliers are required to fill in a detailed questionnaire prior to on boarding

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 9001:2015, IATF 16949:2016