Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Health
• Safety

Environmental Achievements

• Reduced power, fuel, oil, and water consumption through various energy conservation measures.
• Implemented Rain Water Harvesting System and Waste Management Services.
• Minimized effluents through better monitoring and corrective measures; reduction of input material; use of propane gas in heat treatment plants for reducing carbon emissions.

Social Achievements

• Contributed to philanthropic activities like free eye check-up camps, donating money and clothes to the poor, blood donation camps, spreading education, planting trees, and developing gardens.
• Provided material help to orphanages.
• Trained employable local youth under an earn-and-learn scheme.

Governance Achievements

• Maintained high standards of Corporate Governance and adhered to SEBI requirements.
• Established an Audit Committee, Shareholders’ Grievance Committee, and Remuneration Committee.
• Implemented a Code of Conduct for Board members and Senior Management.

Climate Goals & Targets

Environmental Challenges

• Poor GDP and industrial growth impacting market conditions.
• Anticipated hike in excise duties for auto components and automobiles.
• Nil change or increase in import duty on steel and aluminum.

Mitigation Strategies

• Multi-generational plans to expand production capacity, upgrade quality management systems, and improve marketing.
• Capex investments of Rs. 51 crore to enhance annual production capacity by 10-15%.
• Exploring new business avenues in domestic and export markets.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Occupational Health and Safety

Environmental Achievements

• Company is compliant with all the rules and regulations of the Jharkhand State Pollution Control Board and regularly monitors and keeps the effluents, emissions and waste disposals from the works well within the stipulated parameters as per the Environment Conservation & Pollution Control Laws.
• Company has made significant contribution towards conservation of energy. Innovation and technological up gradation of processes and methods have made significant impact in the overall consumption of natural resources, energy, fuel etc.
• Company’s management is consistently involved in promoting eco-friendly measures like planting of trees in and around the Work units, creating new gardens, Rain Water Harvesting, usage of transparent sheets for natural sunlight inside the plant, use of turbo ventilators for ventilation purpose and for minimizing the carbon footprints, use of propane gas in the heat treatment plants for reducing the carbon emissions, minimizing effluents through better monitoring and corrective measures, reduction of quantum of input material, whether it is steel, or usage of inert gases for welding through Value Analysis/Value Engineering activities.

Social Achievements

• All Statutory safety norms are diligently followed by the Company. Safety is accorded prime importance in the organization.
• Each Plant has Safety Committee to oversee the safety of the workforce through ensuring safe working conditions and well informed and duly trained workers.
• Safety audits and evacuation drills are conducted regularly and all staff members are encouraged to take part in the same and training for the awareness of the employees are conducted at regular intervals.
• Company has a personal Accident Insurance Policy (group) for ensuring welfare and security to the employees and their families.

Governance Achievements

• The Company is committed to maintain high standards of Corporate Governance and adhere to the Corporate Governance requirements set out by SEBI.

Climate Goals & Targets

Environmental Challenges

• Demand Fluctuations
• Macroeconomic Uncertainty
• Changes in Tax, Tariffs or Fiscal Policies
• Geopolitical and other Risks
• Country Risk through Exports
• Raw Material Prices
• Global Competition
• Financial Risk
• Technological Changes

Mitigation Strategies

• The Company, on a regular basis, assesses and evaluates the macroeconomic performance in its key markets and takes suitable remedial actions as may be necessary from time to time to mitigate such risks.
• For JMT Auto, increase in the price of raw materials, especially steel, are passed through so there is a limited impact on our profitability.
• Even as the Company enjoys strong and long standing relationship with many global OEMs, it continues to invest in newer products and better quality control.
• The Company continues to invest in new technologies and capacities to address such risks.
• In addition, our focus on rationalisation both in terms of size and functions, enables us to continue to complement the manufacturing excellence programs that are being developed.
• Strategic, operating and financial business risks are reviewed by the Audit Committee and the Board on a regular basis.
• In addition to the above risks, the committee monitors any potential new risks that may arise due to changes in the external environment.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 14001/2015, OHSAS 18001/2007, ISO 45001/2018

Third-party Assurance: Raj Gupta & Company, Chartered Accountants

Environmental Metrics

ESG Focus Areas

• Environment
• Occupational Health and Safety

Environmental Achievements

• Company is compliant with all the rules and regulations of the Jharkhand State Pollution Control Board and regularly monitors and keeps the effluents, emissions and waste disposals from the works well within the stipulated parameters as per the Environment Conservation & Pollution Control Laws.
• Company has made significant contribution towards conservation of energy. Innovation and technological up gradation of processes and methods have made significant impact in the overall consumption of natural resources, energy, fuel etc.
• Company’s management is consistently involved in promoting eco-friendly measures like planting of trees in and around the Work units, creating new gardens, Rain Water Harvesting, usage of transparent sheets for natural sunlight inside the plant, use of turbo ventilators for ventilation purpose and for minimizing the carbon footprints, use of propane gas in the heat treatment plants for reducing the carbon emissions, minimizing effluents through better monitoring and corrective measures, reduction of quantum of input material, whether it is steel, or usage of inert gases for welding through Value Analysis/Value Engineering activities.

Social Achievements

• All Statutory safety norms are diligently followed by the Company. Safety is accorded prime importance in the organization.
• Each Plant has Safety Committee to oversee the safety of the workforce through ensuring safe working conditions and well informed and duly trained workers.
• Safety audits and evacuation drills are conducted regularly and all staff members are encouraged to take part in the same and training for the awareness of the employees are conducted at regular intervals.
• Company has a personal Accident Insurance Policy (group) for ensuring welfare and security to the employees and their families.

Governance Achievements

• The Company is committed to maintain high standards of Corporate Governance and adhere to the Corporate Governance requirements set out by SEBI.

Climate Goals & Targets

Environmental Challenges

• Lower growth in ‘Agriculture & allied’, ‘Trade, hotel, transport, storage, communication and services related to broadcasting’ and ‘Public administration & defence’ sectors.
• Decline in investment rate and fixed investment rate since 2011-12
• Foreign direct investment (FDI) in India declined for the first time in the last six years in 2018-19, falling by 1 % to $44.37 billion as overseas fund inflows subsided in telecom, pharma and other sectors

Mitigation Strategies

• Government’s effort to improve ease of doing business and relaxation in FDI norms is yielding results.
• Net Foreign Direct Investment (FDI) inflows grew by 14.2 per cent in 2018-19.
• The Company, on a regular basis, assesses and evaluates the macroeconomic performance in its key markets and takes suitable remedial actions as may be necessary from time to time to mitigate such risks.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 14001/2015, OHSAS 18001/2007, ISO 45001/2018