Sharda Motor Industries Limited

Climate Impact & Sustainability Data (2022-2023, 2023-24)

Reporting Period: 2022-2023

Environmental Metrics

Scope 1 Emissions:40.97 tCO2eq/MwH (2023); 47.18 tCO2eq/MwH (2022)

Scope 2 Emissions:6,325.68 tCO2eq/MwH (2023); 5,202.51 tCO2eq/MwH (2022)

Total Energy Consumption:40,547 Gigajoules (2023); 33,664 Gigajoules (2022)

Water Consumption:14,096.10 kiloliters (2023); 26282.7 kiloliters (2022)

Waste Generated:123.8 metric tonnes (2023); 303.94 metric tonnes (2022)

ESG Focus Areas

Environmental
Social
Governance

Environmental Achievements

Reduced energy consumption through various initiatives like installation of automatic sensors, efficient harmonic panels, and LED lights.
Implemented water conservation measures and explored water recycling and reuse strategies.
Reduced waste generation and improved waste management system through recycling and responsible disposal.

Social Achievements

Provided various employee benefits such as health insurance, post-employment benefits, and compensated absences.
Supported various community initiatives through Sharda CSR Foundation Trust, focusing on healthcare, education, and environmental protection.
Implemented a robust grievance redressal mechanism for employees and stakeholders.

Governance Achievements

Established a formalized system of corporate governance with documented internal policies.
Implemented a robust risk management framework.
Complied with all mandatory requirements of Listing Regulations.

Climate Goals & Targets

Environmental Challenges

Fluctuations in energy prices impacting operating costs.
Dependence on non-renewable energy sources.
Global energy supply chain disruptions.
Stricter energy-related regulations.
Physical impacts of climate change (extreme weather events, resource shortages, infrastructure vulnerability).
Improper waste handling and disposal leading to environmental degradation and legal liabilities.
Inadequate handling of hazardous materials.
Water shortages or interruptions in water supply.
Unethical practices in the supply chain.
Overreliance on a single supplier.
Unsustainable material sourcing.
Human rights violations within the company or its supply chain.
Non-compliance with labour laws.
Discrimination or lack of diversity and inclusion.

Mitigation Strategies

Adopted renewable energy sources (solar and wind power).
Implemented energy-efficient technologies and practices.
Developed climate-resilient infrastructure designs.
Diversified suppliers and transportation routes.
Implemented water conservation measures and explored water recycling and reuse strategies.
Ensured waste management through proper disposal and recycling methods.
Implemented best practices for handling, storing, and disposing of hazardous materials.
Established a comprehensive sustainability policy and an environmental, health, and safety policy.
Implemented a supplier code of conduct.
Formulated a human rights policy.
Implemented an eff ective grievance redressal mechanism.
Provided training and awareness programs for employees.

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement

Supplier code of conduct
Sustainability standards
Awareness sessions on environmental and social issues
Supplier assessment for quality, delivery, cost & performance

Climate-Related Risks & Opportunities

Physical Risks

Extreme weather events
Resource shortages
Infrastructure vulnerability

Transition Risks

Rising energy costs
Emissions regulations

Opportunities

Cost savings from energy efficiency
Renewable energy solutions
Enhanced reputation

Reporting Standards

Frameworks Used: BRSR

Certifications: IATF 16949-2016

Sustainable Products & Innovation

Lean NOx Trap
Gasoline Particulate filters (GPF)
Diesel particulate filters (DPF)
Selective Catalytic reduction System (SCR)

Reporting Period: 2023-24