Climate Change Data

Genus Power Infrastructures Limited

Climate Impact & Sustainability Data (2022-23, 2023-24)

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:6748.04 tCO2e/year
Scope 1 Emissions:309.14 tCO2e/year
Scope 2 Emissions:6438.90 tCO2e/year
Total Energy Consumption:39,628.74 GJ/year
Water Consumption:37,988.25 kl/year
Waste Generated:58.87 tons/year
Carbon Intensity:8.34 Metric tons of CO2 equivalent/ turnover in crores

ESG Focus Areas

  • Energy and Emission Management
  • Sustainable Supply Chain
  • Occupational Health & Safety (OHS)
  • Human Capital Development
  • Corporate Governance
  • Sustainable Strategy

Environmental Achievements

  • Increasing renewable energy share and energy efficiency to decarbonize operations
  • Installation of Solar Panels, Reuse of exhaust heat of machine, Heating jackets on moulding machine heaters, Utilization of Wind Energy, Installation of IE3 motors, Transparent shed sheets for daylighting

Social Achievements

  • Improved participation of women and differently abled employees in the workforce
  • Continued zero non-compliance

Governance Achievements

  • Establishing a well-defined leadership structure, roles, and responsibilities for seamless functioning towards sustainability
  • Robust complaint management system

Climate Goals & Targets

Long-term Goals:
  • The company is decarbonizing its operations to achieve the net-zero goal.

Environmental Challenges

  • Increased energy cost
  • Evolving regulatory landscapes (carbon taxing)
  • Investment in clean technologies
  • Renewable energy
  • Incorporating a sustainable supply chain can involve higher costs
  • Supplier non-compliance to ESG will increase value chain emission
  • OHS poses legal and financial risks, reputational risks, employee turnover and absenteeism, reduced productivity, and decreased employee satisfaction
  • Poor corporate governance can pose several risks including legal and financial risks, reputational damage, decreased stakeholder trust, and decreased shareholder value
Mitigation Strategies
  • Robust strategy in place to decarbonize our operations and focuses on improving energy efficiency of processes
  • Increase electricity from renewable sources
  • Implementing Responsible supply chain by conducting a cost-benefit analysis to identify areas where cost savings can be achieved, collaborating with suppliers, prioritizing sustainability at the company level, and engaging in effective communication with stakeholders like investors, customers to gain support for investment in sustainable supply chain practices
  • Implementing effective safety policies and an OHS system, providing appropriate training to employees, conducting regular safety inspections, and fostering a culture of safety in the workplace
  • Establishing a well-defined leadership structure, roles, and responsibilities for seamless functioning towards sustainability

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement
  • Standard Terms and Conditions
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 9001, ISO 14001, ISO 20000, ISO 27001, OHSAS 45001, BIS, NABL, STS, EMC, ISI, S mark, AEO-T1, CMMI level 3

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:6732.31 + 649297.64 = 656030 tCO2e/year (Scope 1,2 & 3)
Scope 1 Emissions:200.00 tCO2e/year
Scope 2 Emissions:6,732.31 tCO2e/year
Scope 3 Emissions:649297.64 tCO2e/year
Renewable Energy Share:34%
Total Energy Consumption:45,860.00 GJ/year
Water Consumption:39,687.00 kilolitres/year
Waste Generated:907.55 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Energy and Emission Management
  • Sustainable Supply Chain
  • Occupational Health & Safety (OHS)
  • Human Capital Development
  • Corporate Governance
  • Sustainable Strategy

Environmental Achievements

  • Reduced energy intensity by 15.6%
  • Increased renewable energy share to 34%
  • 7.34 MT of plastic waste reused
  • Implemented rainwater harvesting in all 3 manufacturing units

Social Achievements

  • 100% of employees trained in human rights
  • Zero fatalities for employees and workers
  • Various CSR programs supporting healthcare, education, and community development

Governance Achievements

  • Established a Risk Management Committee to oversee ESG risks
  • KPMG Assurance and Consulting Services LLP carried out the assessment of major policies.
  • Implemented an Anti-Bribery and Anti-Corruption Policy

Climate Goals & Targets

Long-term Goals:
  • Reduce water consumption by 30% by 2040
  • Reduce energy intensity to 0.006 GJ/no. of meters by 2040
  • Increase renewable energy share to 55% by 2040
  • Achieve Net Zero by 2050
  • Increase number of suppliers assessed by 100% by 2040
  • Increase number of suppliers from MSME categories by 40% by 2040
  • Reduce turnover rate to < 7.4% by 2040
  • Achieve employee engagement score > 90 by 2040
  • Increase share of differently-abled employees to 6% by 2040
  • Increase share of differently-abled workers to 4% by 2040
  • Increase share of women employees to 20% by 2040
  • Increase share of women workers to >50% by 2040
  • 100% sites assessed for Human Rights by 2040
Medium-term Goals:
  • Reduce water consumption by 20% by 2030
  • Reduce energy intensity to 0.0067 GJ/no. of meters by 2030
  • Increase renewable energy share to 51% by 2030
  • Conduct LCA for top 5 products by 2030
  • Increase number of suppliers assessed by 50% by 2030
  • Increase number of suppliers from MSME categories by 35% by 2030
  • Reduce turnover rate to < 8.2% by 2030
  • Achieve employee engagement score > 75 by 2030
  • Increase share of differently-abled employees to 4% by 2030
  • Increase share of differently-abled workers to 3% by 2030
  • Increase share of women employees to 14% by 2030
  • Increase share of women workers to 48% by 2030
  • 100% of sites certified with ISO 9001:2015 by 2030
  • 100% of sites certified with ISO 27001:2022 by 2030
  • 100% of sites certified with green building certifications by 2030
  • 75% sites assessed for Human Rights by 2030
Short-term Goals:
  • Reduce water consumption by 10% by 2025
  • Reduce energy intensity to 0.0075 GJ/no. of meters by 2025
  • Increase renewable energy share to 38% by 2025
  • Conduct LCA for one product by 2025
  • Increase number of suppliers assessed by 25% by 2025
  • Increase number of suppliers from MSME categories by 30% by 2025
  • Reduce turnover rate to < 9.5% by 2025
  • Achieve employee engagement score > 60 by 2025
  • Increase share of differently-abled employees to 2% by 2025
  • Increase share of differently-abled workers to 2% by 2025
  • Increase share of women employees to 9% by 2025
  • Increase share of women workers to 45% by 2025
  • Maintain zero fatalities by 2025
  • 50% of sites certified with ISO 9001:2015 by 2025
  • 50% of sites certified with ISO 27001:2022 by 2025
  • 50% of sites certified with green building certifications by 2025
  • 100 employees trained in human rights by 2025
  • 50% sites assessed for Human Rights by 2025

Environmental Challenges

  • Increased energy costs
  • Evolving regulatory landscapes (carbon taxing)
  • Investment in clean technologies and renewable energy
  • Incorporating a sustainable supply chain (higher costs)
  • Supplier non-compliance to ESG
  • Occupational Health & Safety risks
  • Poor corporate governance
Mitigation Strategies
  • Robust strategy to decarbonize operations and improve energy efficiency
  • Increase electricity from renewable sources
  • Implementing Responsible supply chain by conducting a cost-benefit analysis
  • Collaborating with suppliers and prioritizing sustainability
  • Implementing effective safety policies and an OHS system
  • Providing appropriate training to employees
  • Establishing a well-defined leadership structure

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct
  • 100% sourcing from non-conflict zones

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Increased energy costs
  • Evolving regulatory landscapes (carbon taxing)
Opportunities
  • Development of energy-efficient products
  • Investment in clean technologies and renewable energy

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 9001, ISO 14001, ISO 20000, ISO 27001, ISO 45001, ISO 50001, BIS, NABL, STS, EMC, ISI, S mark, AEO-T1, CMMI level 3

Third-party Assurance: Not Applicable for the reporting period as per SEBI Circular No. SEBI/HO/CFD/CFD-SEC-2/P/ CIR/2023/122 dated 12 July, 2023

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Smart meters & smart metering solutions

Awards & Recognition

  • Not disclosed