Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Sustainability
• Economic Performance
• People Empowerment
• Corporate Governance

Environmental Achievements

• Reduced toxic discharges and emissions through investment in waste and effluent treatment plants.
• Implemented a 'zero paper wastage' initiative, recycling 1089.06 kg of waste paper.
• Established a zero water discharge system for water treatment, reusing recycled water.

Social Achievements

• Trained 662 individuals in vocational courses through Samarth-Jyoti.
• Provided primary education to 142 students.
• Offered remedial classes to 164 students.
• Opened vocational training centers at different locations.

Governance Achievements

• Adopted sound corporate governance practices to gain and retain investor trust.
• Implemented a comprehensive Code of Conduct applicable to all employees, directors, and senior management.
• Established board-level committees (Audit, Nomination & Remuneration, Stakeholder Relationship, and CSR).

Climate Goals & Targets

Environmental Challenges

• Paper wastage leading to resource depletion and pollution.
• Water usage in paint shop operations resulting in waste sludge.

Mitigation Strategies

• Implemented paper recycling program and training on paper usage.
• Established STP and eTP plants for zero water discharge and reuse.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Excellence in Quality Award from Yamaha Motor India Pvt. Ltd.
• Customised Business Support and excellent Contribution by HMSI
• Best Quality and TPM Practices by Bajaj Auto ltd.
• ACMA Gold Award in excellence in Technology
• FICCI Quality Systems excellence Award
• Innovation Award from JCB UK
• Recognition for good practices in safety
• Special Support by Maruti Suzuki India Ltd.
• Award for Cost Innovation through VA/Ve by Honda Motorcycle and Scooter India Pvt. Ltd.
• Best Vendor Performance by PT Suzuki Indomobil Motors

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• People Development
• Social
• Economic Growth
• Stakeholders’ Engagement & Development

Environmental Achievements

• Investment in waste and effluent treatment plants to reduce toxic discharges and emissions, minimize waste and prevent pollution
• Implementation of 3R policy (Reduce, Reuse, Recycle)
• Installation of community water treatment plant with RO system
• Tree plantation drives (more than 500 trees annually)
• Employee commuting programs using bus shuttles to reduce emissions

Social Achievements

• Samarth-Jyoti initiative: provided vocational training, primary education, remedial classes, and IT literacy programs to 6,395 individuals
• Established Minda Bal Gram providing long-term institutional care to children
• Established Moga Devi Minda Memorial School (CBSE affiliated) providing quality education
• S.L. Minda Memorial Hospital (100-bed multi-specialty hospital) providing affordable healthcare
• Health check-up camps and awareness programs

Governance Achievements

• Adoption of sound corporate governance practices
• Implementation of a comprehensive Code of Conduct
• Active and independent Board of Directors with various committees (Audit, Nomination & Remuneration, Stakeholders Relationship, CSR)

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: OHSAS, ISO

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 4 (Quality Education)
• Goal 5 (Gender Equality)
• Goal 6 (Clean Water and Sanitation)
• Goal 10 (Reduced Inequalities)
• Goal 13 (Climate Action)
• Goal 3 (Good Health and Well-being)

The report details how various initiatives contribute to these SDGs.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• CSR Times Awards for best Corporate Foundation in Women Empowerment
• National Award for Excellence in CSR and Sustainability for ‘Best Community Development’
• Manufacturing Today Award for ‘Excellence in CSR in Large Category’
• Rashtra Vibhushan Award for ‘Best Innovative CSR Project’
• Social Footprint National CSR Award for Excellent Value added to Local Community

Environmental Metrics

ESG Focus Areas

• environmental sustainability
• safety and security in local communities
• skill development
• education
• healthcare
• community development

Environmental Achievements

• Planted 12000 saplings and ensured their survival rate remained high.
• Reduced carbon emissions through employee commuting programs using bus shuttles.

Social Achievements

• Supported migrant labor amid the pandemic.
• Shifted physical classes to virtual classes during the pandemic.
• Distributed PPE kits and other required gears during the pandemic.
• Supported employees with all required support in challenging times.
• Supported NGOs working on similar fields during the pandemic.
• Encouraged less privileged women through self-help group initiatives.
• Provided skill development through different vocational programs.
• Built capacity through healthcare programs and curative need-based support.
• Provided support for social, environmental and cultural well-being.

Governance Achievements

• The Company’s Board consists of 8 members, out of which three are Executive; one is Non-Executive, while the remaining four are Independent Directors. The above composition comprises of two Women Director among which one is Independent Director.
• The Company has constituted various Board Committees and Executive level Committees which take the decision and drive implementation of different Corporate policies including decision- making processes ensuring compliance of diversity, inclusiveness, transparency, equity, accountability, and social policies.

Climate Goals & Targets

Environmental Challenges

• Historic difficulties posed by the COVID-19 pandemic.

Mitigation Strategies

• Continued support to communities despite challenging times.
• Connected with communities virtually.
• Adopted new lifestyles and made behavioral changes in the way we work.
• Introduced all possible technological platforms to connect with stakeholders to provide them with contentious support.
• Transformed CSR programs into a virtual/digital mode to provide uninterrupted training, education, and support to the community.
• Shared timely guidelines required for COVID-19 precautions and adequate support to employees, stakeholders, partners, and communities.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Rashtra Vibhushan Award 2017
• Manufacturing Today for “Excellence in CSR 2017”,
• National Award for excellence in CSR & Sustainability
• CSR Times Award 2018
• National CSR Awards 2018
• Indywood CSR excellence Award
• eT Now star of the Industry Awards 2018
• 3rd Social Imprint Award and Summit 2019
• Mahatma Awards 2019
• Outstanding Achievement in promotion of Education 2020 by Greentech Foundation
• Times of India “Social Mobility Achiever Award 2020”,
• IcSI Award

Environmental Metrics

ESG Focus Areas

• Operational Impact
• Employee and Community Well-being
• Responsible Product Offering
• Ethical Business Conduct

Environmental Achievements

• Increased renewable energy share from 2% to 10%
• Organized a green belt plantation drive across plants in India aiming to convert 40% of open landscapes into green areas

Social Achievements

• Certified as a Great Place to Work 2022 by the Great Place to Work Institute India
• Launched UNO Minda Energize, a wellness program covering mental, physical, social, and emotional well-being
• Implemented a gender diversity strategy aiming to increase the share of female employees to 20% by 2025
• Provided vocational training to women and youth in Beautician, IT literacy, and Cutting and Tailoring

Governance Achievements

• Received Amrop ET Best Board Award for Corporate Governance and Board leadership
• Established a robust corporate governance framework with a well-diversified board

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic and semiconductor shortages
• Commodity price pressures
• Competition in the auto component industry

Mitigation Strategies

• Strong alliances with suppliers and customers
• Cost rationalisation measures
• Exploring options for multiple product sourcing and localisation
• Continuous improvement of governance framework and policies

Supply Chain Management

Responsible Procurement

• Supplier code of conduct
• Statements addressing environmental and social standards (ISO 14001, ISO 18001, ISO 16949:2016 Certification, restricted hazardous materials, ELV/ROHs/REACH requirements)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC, GRI

Certifications: ISO 14001, ISO 45001

Third-party Assurance: S.R. Batliboi & Co. LLP (Financial Statements)

Sustainable Products & Innovation

• LED lighting projects
• EV Chargers (smart plugs and on-board chargers)

Awards & Recognition

• The 5th Institute of Company Secretaries of India (ICSI) CSR Excellence Awards
• Golden Peacock Award for Excellence in Corporate Governance
• Great Place to Work 2022
• Amrop-Economic Times Best Board’s Award
• Human Capital Award for Excellence in HR Digital Transformation

Environmental Metrics

ESG Focus Areas

• Skill Development
• Education
• Healthcare
• Community Development
• Sustainability
• Governance

Environmental Achievements

• Reduced carbon emissions through employee bus shuttle initiative (quantification not provided)
• Planted 15,000 saplings
• Zero-Water Discharge Plant implemented
• Waste management initiatives focusing on reduction and reuse

Social Achievements

• Skill development programs impacting 2,997 beneficiaries
• Education initiatives benefiting 3,658 beneficiaries
• Healthcare initiatives impacting 9,759 beneficiaries, including 88,845 COVID-19 beneficiaries
• Community development initiatives impacting 13,614 beneficiaries
• Samarth-Jyoti vocational training centers providing courses in cutting & tailoring, beauty & culture, and computer basics
• Establishment of The Suman Nirmal Minda School in Gujarat

Governance Achievements

• Established various Board committees to enhance decision-making and ensure compliance
• Developed a ‘Minda Systems Manual’ and ‘Minda Culture Manual’ for effective management

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact
• Limited access to quality education among disadvantaged communities
• Accessibility gap between basic healthcare and disadvantaged populations

Mitigation Strategies

• Operated a Covid facility
• Held virtual meetings and lectures
• Undertook skill development initiatives (online and physical classes)
• Provided infrastructure support and disaster relief
• Implemented Samarth-Jyoti Community School Education program
• Provided dependable medical facilities and raised public awareness of health issues

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Rashtra Vibhushan Award 2017
• Excellence in CSR 2017
• National Award for Excellence in CSR & Sustainability
• National CSR Award 2018
• CSR Times Award 2018
• ET Now Star of the Industry Awards 2018
• Indywood CSR Excellence Award
• Mahatma Award 2019
• Social Imprint Award and Summit 2019
• Mahatma Award for Life Time Achievement
• India CSR Leadership Award 2021
• ICSI CSR Excellence Award, 2020

Environmental Metrics

ESG Focus Areas

• Energy Management and Energy Transition
• GHG Emission Management
• Water Management
• Waste Management
• Product Life Cycle Assessment
• Human Resources Management and Employee Engagement
• Occupational Health and Safety (OHS)
• Human Rights (including Diversity, Equality, & Inclusion)
• Corporate Social Responsibility (CSR)
• Responsible and Sustainable Supply Chain
• Emerging Technologies
• Economic Value Creation
• Regulatory Compliance

Environmental Achievements

• 25% reduction in carbon intensity since baseline year
• Solar power installations across several facilities significantly reduced reliance on non-renewable energy sources
• Share of renewable energy in total energy increased approximately 5% during current year as compared to FY 2022-23
• LTIFR coming down to 0.05

Social Achievements

• Robust occupational health and safety programs significantly contributed to a decrease in workplace accidents
• Share of female employees in our workforce increased to 16% as on 31 March 2024

Governance Achievements

• Strengthened corporate governance practices, fostering a culture of integrity and accountability within the Company

Climate Goals & Targets

Environmental Challenges

• Mitigating environmental impact by identifying role in contributing to carbon emissions, waste generation, and resource consumption
• Ensuring the well-being of our workforce, fostering diversity and inclusion, and engaging with local communities

Mitigation Strategies

• Set ambitious ESG targets: reduce carbon emissions by 30% by 2030, expand use of renewable energy sources, implement sustainable waste management practices, strive for water neutrality
• Ensure health, safety, and inclusivity of employees, promote diversity, strengthen community engagement
• Enhance transparency, ethics, and accountability in business practices

Supply Chain Management

Supplier Audits: 64%

Responsible Procurement

• Supplier Code of Conduct
• Supplier Quality Assurance Manual (SQAM)

Climate-Related Risks & Opportunities

Physical Risks

• Increasing severity of extreme weather events such as cyclones and floods

Opportunities

• Reduce operational costs and enhance sustainability
• Capitalise on emerging markets for renewable energy solutions
• Align with global trends towards eco-consciousness and efficiency
• Anticipate energy supply disruptions

Sustainable Products & Innovation

• EV components