Climate Change Data

Sterling Tools Limited

Climate Impact & Sustainability Data (2023-2024)

Reporting Period: 2023-2024

Environmental Metrics

Total Carbon Emissions:36300 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:4938.76 tCO2e/year
Scope 2 Emissions:31759.30 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:2.3-3%
Total Energy Consumption:238453.89 GJ/year
Water Consumption:97542 KL/year
Waste Generated:5197.33 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Emissions
  • Water management
  • Diversity and equal opportunity
  • Responsible supply chain
  • Community engagement
  • Manufacturing efficiency

Environmental Achievements

  • Supplying approximately 2.3-3% of its energy requirements from renewable sources.
  • Made substantial investment in wastewater treatment for water conservation and maintaining Zero Liquid Discharge status in some of the plants.
  • Installation of solar panels (700 KWP) at its Prithla plant.

Social Achievements

  • Providing health insurance, accident insurance, maternity benefits, and daycare facilities to employees.
  • Implementing a robust grievance redressal mechanism for employees and workers.
  • Conducting training programs on health and safety, skill upgradation, and behavioral development.

Governance Achievements

  • Strong Anti-Corruption and Anti-Bribery policy in place.
  • Regular assessments of all policies and procedures by the Audit Committee, Risk Management Committee, and Board.

Climate Goals & Targets

Long-term Goals:
  • Rehabilitation of the under-privileged group, improvement of the local community to help the marginalized sections of society.
  • Focus on creating shared value for our communities.
Medium-term Goals:
  • Promoting the use of Renewable Energy and reducing overall energy consumption.
  • Promoting Gender Diversity and Human Rights.
Short-term Goals:
  • Achieve carbon neutrality through strategic initiatives and sustainable practices.
  • Assessment of Green House Gas (Scope 3) emissions.

Environmental Challenges

  • Manufacturing emissions harming the environment.
  • Water scarcity posing a risk to operations.
  • Need to strengthen supply chain management.
Mitigation Strategies
  • Implementing emission reduction measures, energy conservation initiatives, and energy-efficient processes.
  • Reducing raw water consumption and focusing on efficient water management.
  • Further strengthening supply chain management practices.

Supply Chain Management

Supplier Audits: 80%

Responsible Procurement
  • Labor Laws Compliance and Human Rights, Occupational Health and Safety, Environmental Protection and Ethical Business

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • The Company’s Carbon reduction roadmap will offer distinct operational benefits.

Reporting Standards

Frameworks Used: Null

Certifications: ATF 16949: 2016, ISO 45001: 2018, ISO 14001: 2015, ISO 9001: 2015, ISO 17025

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed