Shankara Building Products Limited
Climate Impact & Sustainability Data (2020-2021, 2022, 2024)
Reporting Period: 2020-2021
Environmental Metrics
ESG Focus Areas
- Ethics, Transparency and Accountability
- Safe and Sustainable Goods and Services
- Employee Well-being
- Stakeholder Engagement
- Human Rights
- Environmental Protection
- Inclusive Growth and Equitable Development
- Customer Value
Environmental Achievements
- Invested in power consumption optimization and promoted renewable energy products (solar pumps, solar water heaters)
- Encouraged customers to use steel tubes and roofing sheets instead of wood and clay tiles (environmental and soil conservation)
- Sold products like drip irrigation and greenhouse structures (water conservation and farm productivity improvement)
- Promoted rainwater harvesting
Social Achievements
- CSR spending of ₹ 109.76 Lakhs
- Adopted a school in Bengaluru
- Water conservation project (Jala Nela) improving livelihoods of small and marginal farmers
- Ongoing training programs for retail store employees
Governance Achievements
- Established a Code of Conduct, Whistleblower Policy, and Policy for Determining Materiality of Events and Information
- BR performance assessed periodically by management
Climate Goals & Targets
Environmental Challenges
- Limited direct contribution to global environmental issues due to the nature of the business (trading and retailing)
Mitigation Strategies
- Controlling fuel consumption, encouraging renewable energy use, tree plantation, water recycling
- Sustainable sourcing practices
- Hub and Spoke vehicle fleet mechanism for efficient delivery
Supply Chain Management
Responsible Procurement
- Discouraging forced and child labor
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs)
Sustainable Products & Innovation
- Solar pumps
- Solar water heaters
- Steel tubes and roofing sheets
- Drip irrigation
- Greenhouse structures
- Rainwater harvesting systems
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Integrity, Ethics, Transparency, and Accountability
- Sustainable and Safe Goods and Services
- Employee Well-being
- Stakeholder Interests
- Human Rights
- Environmental Protection
- Public Policy Influence
- Inclusive Growth
- Responsible Consumer Engagement
Social Achievements
- Well-being initiatives undertaken for employees and workers.
Governance Achievements
- 100% of Board of Directors and Key Managerial Personnel covered by Code of Conduct training.
Climate Goals & Targets
Environmental Challenges
- Human Rights risks in operations and supply chain.
- Reputational risks from ethical lapses.
- Managing employee well-being.
Mitigation Strategies
- Code of Conduct in place to evaluate risks.
- Shankara Code of Conduct provides a framework for ethical behavior.
- Well-being initiatives implemented.
Supply Chain Management
Responsible Procurement
- Company Code of Conduct emphasizes integrity aspects applicable to all suppliers.
Climate-Related Risks & Opportunities
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:14,28,000 Units (2024); 12,05,000 Units (2023)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Installed energy-efficient LED lighting, replacing CFL lights.
- Monitoring energy consumption trends to identify energy-saving opportunities.
Social Achievements
- Various employee-friendly initiatives for employee well-being (health awareness sessions).
Governance Achievements
- Implementation of Code of Conduct covering anti-corruption and anti-bribery.
- Adoption of Whistleblower Policy and Vigil Mechanism.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Intention to source environment-friendly, recycled, energy-efficient, and locally sourced products and services.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: ISO 9001:2015
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed