Climate Change Data

Hilton Metal Forging Limited

Climate Impact & Sustainability Data (2022-2023, 2023-04 to 2024-03)

Reporting Period: 2022-2023

Environmental Metrics

Social Achievements

  • The Company is committed to provide healthy environment to all employees of HFML and does not tolerate any discrimination and/or harassment in any form.

Governance Achievements

  • The Company has formulated, to ensure the high ethical and moral standards, code of business ethics and code on prohibition of insider trading.

Climate Goals & Targets

Environmental Challenges

  • rising steel prices and demand supply gap
  • high electricity tariff rates in Maharashtra region
  • rising fuel prices
  • government’s thrust on electric vehicles
  • technology upgradation and modernisation
Mitigation Strategies
  • continuous efforts in upgrading technologies and diversifying product range
  • plans to diversify into non-automotive sectors
  • productivity improvements, expanding vendor base and constant pricing negotiation with vendors
  • renegotiates the prices with its customers in case there is more than normal deviation in the prices of its major raw materials

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Sustainability
  • Community Well-being

Environmental Achievements

  • Committed to halving Scope 1 and Scope 2 emissions by 2030

Social Achievements

  • Fostering community well-being by repurposing resources for educational advancement and societal betterment

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • High electricity tariffs in Maharashtra
  • Demand-supply gap in steel
  • Lower technology and automation levels compared to global competitors
Mitigation Strategies
  • Seeking government support for interest subvention and Technology Upgradation Fund
  • Negotiating steel prices with vendors and customers
  • Undertaking technological upgradation

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed