Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethical Business
• Sustainable Operations
• Responsible Value Chain
• Care for People
• Inclusive Growth

Environmental Achievements

• 34% Energy conserved
• 10,467 GJ Water recycled
• 10,458 GJ Renewable energy generated
• Reduced packaging material consumption through various initiatives (e.g., usage of bins instead of packing boxes, JIT supply)

Social Achievements

• Zero Fatalities
• 4421 Lives impacted through CSR
• ACMA HSE Excellence Bronze Award received
• National CSR Award for Saksham – Empowering Persons with Disabilities CSR Project
• Awarded ‘20 Best Companies to work for in 2020’ by CEO Insights

Governance Achievements

• Established a dedicated ESG governance system
• No fines on environmental and social compliance levied
• No significant fines or non-compliance with regulations concerning health and safety, product marketing, and product information disclosure

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic posed several bottlenecks to business

Mitigation Strategies

• Stayed resilient, maintained stability, adapted to the crisis
• Established a ‘Group Response Team’ to tackle the pandemic
• Conducted vaccination drive for the workforce
• Doubled customer interactions through digital platforms
• Provided medical teleconsultation services
• Defined standard organizational procedures and safety guidelines
• Introduced improvement projects to reinforce a culture of Learning and Development
• Provided support to workforce and communities during the pandemic (e.g., supplying raw materials, arranging food, distributing medical accessories)

Supply Chain Management

Responsible Procurement

• Policies and procedures for managing suppliers
• Clauses in supplier agreements on environmental compliance, wages, hours, and conditions of employment
• Focus on local sourcing

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (Core option)

Sustainable Products & Innovation

• Low cost highly reliable SPMs
• Products meeting BS VI emission regulations
• DC-DC converters for electric vehicles
• Intelligent Rider Assistance System (iRAS)

Awards & Recognition

• Ford Q1 Quality Circle Award
• ASSOCHAM’s Diversity and Inclusion Awards 2021 (1st Runner Up)
• Gold Award in Quality Circle Forum of India QC virtual Competition
• 3rd Position in energy conservation category by ACMA
• National CSR Award

Environmental Metrics

ESG Focus Areas

• Energy Management
• Materials Efficiency
• Waste Management
• Product Quality & Safety
• Occupational Health & Safety
• Business Ethics
• Supply Chain Management
• Human Rights
• Social Inclusion

Environmental Achievements

• Invested in renewable energy (solar power)
• Implemented Sewage Treatment Plants (STPs) and Effluent Treatment Plants (ETPs)

Social Achievements

• Created a robust OHS system, resulting in high employee retention rates
• Established a Grievance Redressal Policy and committee
• Conducted training programs for skill upgradation

Governance Achievements

• Established a CSR & Sustainability Committee at the Board level
• Implemented a comprehensive anti-bribery and anti-corruption policy

Climate Goals & Targets

Environmental Challenges

• Energy Management (reducing energy intensity and fossil fuel dependency)
• Materials Efficiency (reducing material usage)
• Waste Management (reducing waste to landfill and incineration)
• Supply Chain Management (disruptions due to global events)
• Business Ethics (upholding transparency and good governance)

Mitigation Strategies

• Investing in renewable energy and efficient energy use
• Leveraging opportunities for materials reuse and circularity
• Investing in efficient technologies to reduce waste and hazardous materials
• Creating agile and resilient supply chain management systems
• Implementing robust internal governance mechanisms and policies

Supply Chain Management

Supplier Audits: 100% of major suppliers assessed for health and safety practices and working conditions

Responsible Procurement

• Supplier Code of Conduct
• Supplier assessments

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: NGRBC

Certifications: OHSAS 45001:2018, ISO 14001:2015, IATF 16949:2016

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Energy Management
• Materials Efficiency
• Waste Management
• Product Quality & Safety
• Occupational Health & Safety
• Business Ethics
• Supply Chain Management

Environmental Achievements

• Substantial investments in renewable energy (solar power)
• Implementation of energy efficient management strategies and reducing the use of fossil fuel based energy
• Exploring circularity strategies to recycle and repurpose waste
• Investing in advanced technologies, decreasing hazardous waste usage, and minimizing material wastage

Social Achievements

• Strong occupational health and safety system ensuring a secure working environment
• Remarkable employee retention rates across all plants
• Implementation of a strong business ethics environment across all facilities
• Robust and comprehensive internal governance structure including Whistleblower Policy, Prevention of Insider Trading, Related Party Transactions, and Grievance Redressal for all stakeholders

Governance Achievements

• Establishment of Sustainability & CSR Committee at the Board level which oversees and guides the Sustainability initiatives of the organization
• Implementation of initiatives such as the Whistleblower Policy, Prevention of Insider Trading, Related Party Transactions, and Grievance Redressal for all stakeholders
• MCL Code of Conduct for employees and board members upholds transparency and ethical standards in all business dealings

Climate Goals & Targets

Environmental Challenges

• Climate change and the need for decarbonization initiatives
• Poor waste management practices leading to environmental pollution
• Supply chain disruptions due to various factors (pandemic, geopolitical conflicts, regulatory changes)
• Risks associated with inadequate supply chain management

Mitigation Strategies

• Investments in renewable energy and exploration of avenues to decrease reliance on fossil fuels
• Outsourcing waste management to an approved vendor and exploring circularity strategies
• Enhancing agile and robust supply chain management systems
• Conducting vulnerability assessments to ensure supply chain resilience

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Guidelines on Responsible Business Conduct (NGRBC)

Certifications: OHSAS 45001:2018, ISO 9001:2015, ISO 14001:2015, IATF 16949:2016, ISO 50001:2011

Third-party Assurance: Not applicable