Action Construction Equipment Limited
Climate Impact & Sustainability Data (2023-24)
Reporting Period: 2023-24
Environmental Metrics
Water Consumption:26749 m3/year (2023-24); 16495 m3/year (2022-23)
Waste Generated:112.713 tons/year (2023-24); 82.790 tons/year (2022-23)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Installed and commissioned PV Solar Power plant of 2478.9 KWP capacities across various roofs and parking space.
- Installation of PV Solar Power Plant of 317 KWP is under process.
- Reduced power cost by improving the production processes.
- Replaced paint shop oven running through diesel with PNG connections.
Social Achievements
- Various initiatives to make its workplace more engaging, collaborative, and fulfilling.
- Empowering employees with user-friendly tools and ensuring a digitally integrated and agile infrastructure.
- Comprehensive diversity, equity, and inclusion policy to ensure equal rights and respect for all individuals.
- Zero tolerance on sexual harassment at workplace.
Governance Achievements
- Formalized clearly defined systems to manage risks within acceptable limits.
- Robust internal financial control system.
- Whistle blower policy and vigil mechanism.
- Sexual harassment policy pursuant to provision of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.
Climate Goals & Targets
Environmental Challenges
- Distribution channels, retailer network and customer service delivery.
- Supply Chain disruptions.
- Fluctuations in commodity prices.
- Information Security and IT systems.
- Technology innovation.
- Global economic and geopolitical environment.
- Financial Risk.
- Occupational, Health and Safety Risks in Operations.
- Competitive Intensity.
- Talent Management (Succession Planning & Employee Retention).
- Regulatory Risk.
Mitigation Strategies
- Significant steps have been taken to improve dealer profitability and financial health. Online channels have been simplified to enhance the customer online experience.
- Strong management team continues to work towards sustainable low cost of production, operational excellence and securing key raw material linkage.
- Continue to work on mitigating the inflationary impact through ‘Commodity Risk Management’, cost re-engineering and value engineering activities.
- IT center and Enterprise Resource Planning (ERP) – integrating all business divisions, Data Loss Prevention strategy implemented across all IT assets.
- Investing in R&D and upgrading products continuously.
- Closely monitor and risk assess global developments, implementing mitigation plans as necessary.
- Prudent hedging strategies and appropriate mix of financing to mitigate the risks.
- Health and safety guidelines ensure compliance with local and international laws, regulations and standards.
- Investing in new product development, technology upgradations and increasing channel reach.
- Developing talent pool through learning and career development programmes.
- Continuous monitoring of the evolving regulations, impact assessment, implementation of statutory compliance.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Ind AS
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 4500:2018
Sustainable Products & Innovation
- Electric CEV-5 Cranes and Engines
Awards & Recognition
- Bestseller in Tower Cranes at 11th Annual Equipment India Awards
- Top Challengers of 2022-23 at 21st Construction World Global Awards
- Innovative Design Award to ACE AP 21A Articulating Boom Lift
- Innovative Design Award to ACE F150 EV NextGen Electric Crane
- Hurun India Value Creator of the Year 2023 Award
- Listed as ‘India’s Leading Listed ESG Entity’