Climate Change Data

Environmental Metrics

ESG Focus Areas

• Renewable Energy
• Employee Well-being
• Community Development

Environmental Achievements

• 5 MW Solar Power Project generated 0.8 crore units of electricity.
• Rooftop solar project generated 0.07 crore units of electricity.
• Eight Wind Turbine Machines generated 1.16 crore units of electricity.

Social Achievements

• Emphasis laid on raising awareness on health and wellness of employees.
• CSR spending of Rs. 42 lakh (4.7% of profit after tax).

Governance Achievements

• Appointed Mrs. Smita Amol Lahoti as an additional independent woman director.
• Established a Vigil Mechanism/ Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and ensuing global economic downturn.
• Lower sales of auto-components (31% down).
• Raw material cost inflation, especially in steel prices.
• Shortage of some critical components using semi-conductors.
• Supply chain disruptions due to worker migration.

Mitigation Strategies

• Tight cost-control measures.
• Development of Power Steering for new tractor models.
• Attempts to pass on raw material cost increases to customers.
• Occasional block-closures to manage demand and component delays.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 14001, ISO 45001, IATF 16949

Third-party Assurance: Joshi Apte & Co., Chartered Accountants

Sustainable Products & Innovation

• Power Steering adapted to BS-VI parameters