Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Product Safety and Sustainability
• Employee Well-being
• Stakeholder Engagement
• Human Rights
• Environmental Protection
• Public Policy Engagement
• Inclusive Growth
• Customer Engagement

Environmental Achievements

• Utilization of waste flue gas in the drier of galvanizing plant
• Use of recuperator in rolling mill
• Use of LPG in place of Furnace Oil
• Use of transparent sheets for natural day lighting

Social Achievements

• CSR spending of INR 29.90 million (more than 2% of average net profits of the three immediately preceding years)
• 100% safety training for permanent and temporary employees
• 70% skill up-gradation training for permanent employees, 50% for temporary employees

Governance Achievements

• Annual Board review of BR performance
• Periodic assessment of BR performance by BR Head
• No complaints received relating to ethics, bribery or corruption

Climate Goals & Targets

Environmental Challenges

• No specific challenges mentioned in the report.

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Considerations of safety and environment in supplier selection

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business

Certifications: ISO 18001 (Health and Safety), ISO 14001 (Environmental Management)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Employee Well-being
• Community Development

Environmental Achievements

• Reduced carbon footprint by reducing thermal and electrical energy intensity, implementing a minimum waste policy at plants, and increasing renewable energy use.

Social Achievements

• Launched "Skipper Cares" program providing support to families of deceased employees (last drawn salary up to Rs. 50,000 for 2 years, education support for children, 3 years of medical coverage for dependents, preferential employment for family members).
• Achieved Great Place to Work® certification.

Governance Achievements

• Adopted a Dividend Distribution Policy.
• Formulated a Nomination and Remuneration Policy.
• Implemented a Board Evaluation Policy.
• Established a Vigil Mechanism/Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Unavailability of sea containers and longer lead times impacting engineering export revenue.
• Unprecedented volatility of commodity prices negatively affecting engineering fixed-type contract execution margins.
• Increased raw material prices due to geopolitical issues leading to increased working capital utilization.

Mitigation Strategies

• Increased raw material inventory to mitigate commodity price risk on secured contracts.
• Took corrective steps to neutralize raw material volatility.
• Optimized receivables cycle across business divisions.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Great Place to Work® certification

Environmental Metrics

ESG Focus Areas

• Occupational Health and Safety
• Energy Management
• Emissions Management
• Employee Engagement
• Effluents Management
• Waste Management
• Community and Society
• Responsible Sourcing

Environmental Achievements

• 13% reduction in greenhouse gas emissions at a process level in the furnace by shifting to low-sulphur fuels
• Installation of solar panels at three key facilities to reduce reliance on fossil fuels
• Reduction of freshwater consumption through recycling and reuse of effluents treated water
• Reduction of coal consumption at the processes level through heat recovery system
• Reduction of ETP sludge generation through sludge driers

Social Achievements

• Achieved the distinction of being recognized as a Great Place To Work
• Successfully met its CSR budgeted expenditure, positively impacting the community

Governance Achievements

• Established an Environmental, Social and Governance (ESG) Committee

Climate Goals & Targets

Environmental Challenges

• High energy consumption during the production process contributing to carbon emissions
• Inadequate energy management practices could lead to increased reliance on fossil fuels
• Poor waste management practices exacerbating the impact of climate change effects
• Occupational health and safety practices, if not managed properly, can expose employees to risks

Mitigation Strategies

• Working on heat recovery systems to conserve waste heat
• Installation of solar panels, LEDs and natural lighting to manage energy efficiently
• Implemented an emissions management program focusing on optimal fuel usage and cleaner alternatives
• Strong focus on health and safety of employees and workers, aligned to ISO 45001 standards
• Established grievance redressal mechanisms
• Comprehensive waste management programs with focus on Reduce, Recycle, and Reuse principles

Supply Chain Management

Responsible Procurement

• Encouraging suppliers to adopt NGRBC principles
• Vendor Monitoring process aligning suppliers with critical sustainability focus areas
• Self-assessments, periodic risk assessments, and third-party assessments

Climate-Related Risks & Opportunities

Opportunities

• Energy management presents an opportunity to reduce operational costs and mitigate climate change impacts

Reporting Standards

Frameworks Used: NGRBCs

Certifications: ISO 9001:2008, ISO 45001:2018, ISO 14001:2015, Bureau of Indian Standards (ISI)

Third-party Assurance: R.V. BRIGGS & CO PRIVATE LTD (partially)

Awards & Recognition

• Great Place to Work

Environmental Metrics

ESG Focus Areas

• GHG emissions management
• Energy Management
• Water and Effluent Management
• Waste Management
• Occupational Health and Safety
• Diversity, Inclusion, and Equal Opportunity
• Human Rights
• Community Development
• Corporate Governance
• Research, Development and Innovation
• Product Quality and Safety

Environmental Achievements

• 3 MW solar plants across all three units, generating 20,56,280 kWh
• Phased replacement of CO2 gas with an 80:20 Argon-CO2 mixture
• Initiated a Life Cycle Assessment (LCA) for its two product lines towers and poles
• Installation of sewage treatment plants (STPs) and effluent treatment plants (ETPs)
• 95% reuse of plastic waste from polymers unit
• Installation of a 150 KLD ETP (Effluent Treatment Plant) in its Uluberia plant to reuse iron-contaminated water in-house processes

Social Achievements

• Achieved “Great Place to Work” certification for the third consecutive time
• Successfully met its CSR budgeted expenditure
• Worker health promotion program for all employees

Governance Achievements

• Established an Environmental, Social and Governance (ESG) Committee
• Implemented an Integrated Management System (IMS) that adheres to International Organization for Standardization (ISO 45001, ISO 14001, ISO 9001) standards

Climate Goals & Targets

Environmental Challenges

• GHG emissions from fossil fuels used in manufacturing processes
• Energy consumption in manufacturing process
• Water consumption in rolling mills and GI operations
• Hazardous and non-hazardous waste generation
• Occupational health and safety risks
• Human rights risks

Mitigation Strategies

• Expanding solar capacities
• Installing heat recovery systems
• Implementing a phased replacement of CO2 gas with Argon-CO2 mixture
• Installing STPs and ETPs
• Implementing ISO 45001:2018 across all operational and project sites
• Implementing a whistle-blower mechanism

Supply Chain Management

Responsible Procurement

• Prioritizes local sourcing practices (approximately 53% of raw materials sourced within the state)
• Majority of raw material suppliers hold national and international certifications in environmental and social management systems

Climate-Related Risks & Opportunities

Opportunities

• Implementing proactive measures to reduce the carbon footprint of our products

Awards & Recognition

• Winner in the Encon Awards 2023 for Excellence in Energy Conservation