Kirloskar Group (This report encompasses Kirloskar Oil Engines Limited (KOEL), Kirloskar Industries Limited (KIL), Kirloskar Ferrous Industries Limited (KFIL), Kirloskar Pneumatic Company Limited (KPCL), Indian Seamless Metal Tubes Limited (ISMT), and Avante Spaces Limited (ASL).)
Climate Impact & Sustainability Data (February 2024 (Fiscal year ended March 31, 2023))
Reporting Period: February 2024 (Fiscal year ended March 31, 2023)
Environmental Metrics
ESG Focus Areas
- Climate Action
- Circular Economy
- Employee Health and Safety
- Talent Management
- Stakeholder Relations
- Responsible Supply Chain
- Human Rights & Labor Practices
- Corporate Governance
- Innovation Management
Environmental Achievements
- KOEL’s Kagal manufacturing plant is Carbon Neutral Certified and a CII ‘Greenco Platinum Plant’ (2021).
- KFIL’s 100% electricity consumption is generated in-house from a solar plant and waste heat recovery plant.
- KPCL’s Vertical Green Wall (India’s largest – 21,283 sq ft).
Social Achievements
- Various community development programs including health check-ups, life skills training, education support, and sustainable livelihood initiatives.
- Work culture focused on inclusion, collaboration, and innovation.
Governance Achievements
- Strong governance framework with balanced boards and a group-wide code of conduct.
- Third-party Ethics Helpline for whistleblower complaints.
Climate Goals & Targets
Medium-term Goals:
- KFIL targets to become a 2-billion-dollar company by 2030.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- KOEL: Golden Peacock Award for Energy Efficiency (three consecutive years)