Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Employee Wellbeing
• Stakeholder Engagement
• Human Rights
• Community Development

Environmental Achievements

• Installed 8.75 MW Wind Turbine for power generation.
• Installed 1.58 MW Solar Panels (Roof-top).
• Initiated 16 MW ground mounted solar project (expected to reduce power cost significantly).

Social Achievements

• Obtained ISO 45001 certifications (occupational health and safety).
• Significant investment in employee training and skill development.
• CSR initiatives focusing on education, women empowerment, environmental sustainability, disaster management, health care and sanitation.

Governance Achievements

• Complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• Established a Whistle Blower Policy and Vigil Mechanism.
• Implemented a Risk Management Policy.

Climate Goals & Targets

Environmental Challenges

• Global economic slowdown impacting automotive and bearing industries.
• Supply chain disruptions and rising inflation.
• Foreign exchange fluctuations and raw material price risks.

Mitigation Strategies

• Focus on developing new customer base.
• Performance-driven culture and employee skill development programs.
• Maintaining foreign currency borrowings for natural hedge against forex risk.
• Investment in renewable energy sources to reduce power costs.

Supply Chain Management

Responsible Procurement

• Sourcing from local and small producers.

Climate-Related Risks & Opportunities

Opportunities

• Renewable energy investments.

Reporting Standards

Frameworks Used: Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Certifications: ISO 9001, ISO 14001:2015, ISO 45001:2018, IATF 16949

Environmental Metrics

ESG Focus Areas

• Product Safety & Quality
• Employee well-being and engagement
• Opportunities in Clean Tech
• Community Relations
• Occupational Health and Safety
• Customer Satisfaction
• Material sourcing efficiency
• Energy Management
• Corporate Governance
• Labour Relations
• Water consumption and wastewater management
• GHG emissions

Environmental Achievements

• Installed and setting up a Water Treatment plant to increase the efficiency in the water usage in the production process
• Recycling capacity of 50 KLD & 75 KLD from to STPs.
• Installed renewable energy projects such as Wind Mill (8.75 MW), Solar Rooftop (1.6 MW), Solar Ground mount (4.0 MW), and planned additional Solar capacity (11.5 MW)

Social Achievements

• Implemented measures for employee well-being including health insurance, accident insurance, and PF & Gratuity benefits for 100% of permanent employees and workers.
• Provided training programs on technical skills, behavioral aspects, and cybersecurity for employees and workers.
• Implemented mechanisms to receive and redress grievances for employees and workers.

Governance Achievements

• Reconstituted ESG Committee with expanded scope including CSR.
• Implemented robust systems and practices to ensure ethical behavior, transparency, and accountability in corporate decision-making.
• Adherence to a strict principle of upholding integrity and full compliance with local regulations and laws.

Climate Goals & Targets

Environmental Challenges

• Occupational Health and Safety risks due to manual labor and heavy machinery.
• Customer satisfaction risks due to weak customer experience.
• Material sourcing efficiency risks due to reliance on materials from geographically concentrated sources.
• Energy Management risks due to significant energy consumption.
• Corporate Governance risks related to various governance areas.
• Labour Relations risks due to attrition of skilled labor.
• Water consumption and wastewater management risks due to water scarcity and wastewater treatment.
• GHG emissions risks due to direct release of greenhouse gas emissions.

Mitigation Strategies

• Regular health and safety audits, safety training, and PPE provision.
• Procedures and ways to increase customer engagement.
• Strategies and practices to improve procurement and sourcing of raw materials.
• Investments in renewable energy sources and energy audits.
• Robust systems and practices to ensure ethical behavior, transparency, and accountability.
• Strategies and practices aimed at fostering positive labor relations.
• Sewage treatment plant installation and water conservation measures.
• Efficient emission monitoring systems, GHG emissions audits, and investments in GHG reduction projects.

Supply Chain Management

Responsible Procurement

• Prioritizing suppliers with sustainable practices

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGRBC

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

Third-party Assurance: TUV Nord (for ISO certifications); Ambica Associates (for water metrics)

Environmental Metrics

ESG Focus Areas

• Product Safety & Quality
• Employee well-being and engagement
• Opportunities in Clean Tech
• Community Relations
• Occupational Health and Safety
• Material Sourcing efficiency
• Energy Management
• Corporate Governance
• Labour Relations
• Water consumption and waste water management
• GHG Emissions
• Human Rights

Environmental Achievements

• Installed Rooftop Solar and Ground mounted solar panels
• Implemented a mechanism for Zero Liquid Discharge through the installation of Sewage Treatment Plants

Social Achievements

• Implemented tactics that promote strong labor relations, equal opportunity, worker benefits, and a safe and healthy workplace
• Prioritize employee happiness, workplace accessibility, and safety for all, including those with disabilities

Governance Achievements

• Adhere to a strict principle of upholding integrity at all times. Full compliance with local regulations and laws in every country where we conduct business, and firmly reject any form of corruption.

Climate Goals & Targets

Environmental Challenges

• Occupational Health and Safety risks from manual labor and heavy machinery
• Material Sourcing efficiency risks due to geopolitical disruptions and price fluctuations
• Energy Management risks due to substantial energy consumption
• Corporate Governance risks related to ethical practices and investor confidence
• Labor Relations risks related to workforce attrition
• Water consumption and wastewater management risks due to water scarcity and regulatory compliance
• GHG Emissions risks from manufacturing processes and regulatory compliance

Mitigation Strategies

• Routine health and safety audits, regular training programs, and hazard reporting mechanisms
• Strategies to improve procurement and sourcing of raw materials, fostering positive relations with vendors, adopting sustainable sourcing practices, and implementing lean manufacturing practices
• Investments in renewable energy sources (windmill and solar installations), energy audits, and energy-efficient technologies
• Robust systems and practices to ensure ethical behavior, transparency, and accountability in corporate decision-making, regular monitoring, independent audits, and board oversight
• Tactics that promote strong labor relations, equal opportunity, worker benefits, and a safe and healthy workplace, processes in place to address employee issues
• Water conservation measures, sewage treatment facilities, and efficient water management practices
• Effective emission monitoring systems, GHG emissions audits, investments in GHG reduction initiatives and technology, and renewable energy projects

Supply Chain Management

Supplier Audits: 75% (Working Conditions)

Climate-Related Risks & Opportunities