Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment, Health, and Safety

Social Achievements

• Spent an amount of ` 854 Lakhs towards 20 social projects in the areas of rural housing, education, healthcare and women and childcare.

Governance Achievements

• Maintained high standards of Corporate Governance by laying emphasis on Ethical Corporate Citizenship and establishment of transparent Corporate Cultures.

Climate Goals & Targets

Environmental Challenges

• Higher commodity prices resulting in subdued margins.
• Mounting global economic challenges and fiscal measures to contain economic impact.
• Retail inflation increased to an eight-year high.
• Increased interest rates impacting the feasibility of large infrastructure projects.
• Cost of construction input materials like steel and cement increased significantly.
• COVID-19 pandemic impacting operations in the first half of the year.

Mitigation Strategies

• Strategies to remain asset light, strong execution, and financial discipline.
• Closely watching commodity rates and exploring opportunities to contain margin risks.
• Proactive steps taken by management to improve the situation.
• Focus on orders with benchmark margins and cost control initiatives.
• Measures for containing the spread of COVID-19 virus so that the work in the project sites is not hampered.

Supply Chain Management

Responsible Procurement

• Procures raw materials from local & small producers to the extent possible / permitted under the contracts awarded.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced greenhouse gas emissions (Scope 1 and 2) from 175747 MTCO2e to 165901 MTCO2e
• Initiatives to conserve energy and environment
• Sewage treatment plants constructed

Social Achievements

• CSR outlay of ₹7.8 crore in FY23 benefiting more than 50,000 people
• 135 training programs held in 2022-23

Governance Achievements

• Established a robust Health, Safety, and Environment (HSE) management system
• Implemented an anti-corruption and anti-bribery policy

Climate Goals & Targets

Environmental Challenges

• Political risks
• Competition risks
• Operational risks
• Market risks
• Working capital risks
• Contract & Claims risks
• Cyber security risks

Mitigation Strategies

• Appropriate mitigation strategies are in place to address political risks.
• Company’s competitive advantage is derived from experienced workforce, strong track record, technical expertise, financial strength, brand equity and regular engagement with Clients and representatives.
• Due care is exercised in the selection of sub-contractors, vendors, key technical and non-technical employees, insurance coverages, financial tie-ups, timely obtaining of Right of Way, designs and drawings etc.
• Operating multi-divisions such as Buildings & Housing, Transportation, Water, Railways, Electrical, Irrigation and Mining.
• Close monitoring and follow-up with the Clients for the timely approvals and payments for better working capital management.
• Robust documentation and follow up mechanism with Clients, subcontractors and vendors to address the related claims, disputes etc.
• Implemented a cyber-security framework to identify, detect and prevent cyber security risks.

Supply Chain Management

Supplier Audits: 100% critical value chain partners are assessed

Responsible Procurement

• Specific clauses in work orders ensuring compliance with applicable labor laws, minimum wages, other relevant statutory compliances, and EHS performance.

Climate-Related Risks & Opportunities

Physical Risks

• Climate change-related extreme weather occurrences

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 14001, ISO 45001, ISO 9001

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Customer Experience & Satisfaction
• Employee & Workforce Engagement, Wellbeing
• Social engagement & Impact
• Environment management

Environmental Achievements

• Replaced CFL fixtures with LED light fixtures, resulting in an estimated 40% saving in lighting load.
• Installed auto sliding glass doors at offices to reduce cooling demand.

Social Achievements

• Continuous improvement of Employee wellbeing and Training.
• Continuous improvement of Safety and working conditions.
• Improving diversity and inclusion in our workforce.
• Implementing initiatives to enhance community engagement and social impact.

Governance Achievements

• Establishing a well-defined leadership structure, roles, and responsibilities for seamless functioning towards sustainability.

Climate Goals & Targets

Environmental Challenges

• Ethical supply chain practices
• Diversity and inclusion within the workforce
• Climate change-related extreme weather occurrences impacting operations and employee safety.
• Water scarcity potentially harming operations.
• Non-compliance with waste legislation.

Mitigation Strategies

• Implementing building design and materials more resilient to extreme weather events.
• Regularly assessing and updating emergency response plans.
• Providing employee training on safety procedures during extreme weather.
• Using recycled water for non-potable purposes.
• Reducing water usage during construction activities.
• Incorporating sustainable design features that minimize water demand.
• Implementing effective waste management practices.
• Utilizing eco-friendly building materials.
• Ensuring compliance with local environmental regulations.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• extreme weather occurrences