Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental Excellence
• Workforce Management
• Supply Chain Management
• Community Development

Environmental Achievements

• Reduced total GHG emissions by 24.5% compared to FY 2016
• Conserved 680.5 GJ of energy through various initiatives
• Achieved 75% energy saving by installing soft starters
• Achieved 24% reduction of energy by eliminating air wastage

Social Achievements

• Achieved 26th position in the country in GPTW® Award for 2017
• Implemented various employee engagement initiatives (sports, cultural events, etc.)
• Consistently worked towards maintaining and improving safety culture, reducing the number of incidents

Governance Achievements

• Adherence to ANAND Code of Conduct by all employees
• Robust risk management framework in place
• Compliance with all applicable laws and regulations

Climate Goals & Targets

Environmental Challenges

• Challenges inherent to the automobile industry (new regulations, etc.)
• Water scarcity
• Resource utilization (raw material consumption and energy management)

Mitigation Strategies

• Optimizing energy usage, reducing carbon footprint, water conservation initiatives
• Renewable energy initiatives (wind and solar)
• Process waste reduction, conservation of water and natural resources
• Lightweight auto parts to reduce vehicular fuel consumption

Supply Chain Management

Supplier Audits: Supplier System Assessment (SSA)

Responsible Procurement

• Adherence to DANA Code of Conduct, environmental and safety compliance clauses in supplier agreements

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G4 guidelines

Certifications: ISO/TS 16949:2009, OHSAS 18001:2007, ISO 14001:2004 (except Manesar)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Lightweight drivetrain products, fuel-efficient axles

Awards & Recognition

• Great Place To Work® Award (2016 and 2017), Gold trophy in supplier development from ACMA

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental Excellence
• Workforce Management
• Supply Chain Management
• Community Development

Environmental Achievements

• Commissioned rooftop solar power plant at Chakan plant, contributing significantly to energy requirement.
• Reduced specific electricity consumption compared to FY 2016-17.
• Reduced specific water consumption by about 13%.

Social Achievements

• Chakan and Jodalli plants won awards for Safety.
• Focus on women empowerment and employee engagement activities.
• Zero fatalities within the company boundary. 8 recordable injuries and no cases of occupational diseases were reported.

Governance Achievements

• No cases of non-compliance and no monetary sanctions imposed with respect to anti-competitive behavior, anti-trust, monopoly practices, legal, environment and social regulatory requirements. No cases of corruption reported.

Climate Goals & Targets

Environmental Challenges

• High input costs due to commodity upward movement and inflation.
• Technical difficulties in intake of wind power at Jodalli plant.
• Market volatility, uncertainty, complexity, and ambiguity (VUCA).

Mitigation Strategies

• Cost control, cost saving and effective working capital management.
• Team worked to resolve technical issues at Jodalli plant and continued operations through grid electricity.
• Robust product development process to adapt to changing business requirements.

Supply Chain Management

Responsible Procurement

• Supplier System Assessment (SSA)
• Adherence to Dana Code of Conduct for suppliers.
• North-to-north & South-to-south supply chain integration

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards - Core option

Certifications: ISO 14001 (Chakan, Satara, Pantnagar plants)

Sustainable Products & Innovation

• Lightweight products to improve fuel efficiency of vehicles
• Product line for electric vehicles
• Prototype of an electric axle for small commercial vehicle

Awards & Recognition

• Golden Peacock and National Safety Council award by Chakan plant
• National Safety Council Karnataka chapter by Jodalli plant

Environmental Metrics

ESG Focus Areas

• Education
• Skill Development
• Health & Hygiene
• Community Conservation

Social Achievements

• Donation to SNS Foundation for the promotion of Education, Health & Hygiene and Community Conservation

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate change
• Water stewardship
• Waste management
• Energy efficiency
• Sustainable products
• Occupational health and safety
• Talent recruitment and retention
• Diversity and inclusion
• Human rights
• Community engagement
• Responsible procurement
• Ethical business conduct
• Regulatory compliance
• Cyber security
• Economic sustainability

Environmental Achievements

• 10% of energy consumption from renewable sources
• 94% of waste generated is being diverted from landfill
• 7,229 GJ energy savings due to energy efficiency interventions
• 0.44 MWp Rooftop solar installed
• Zero Liquid Discharge effluent treatment facilities at Hosur and Chakan

Social Achievements

• 4,100 workforce strength
• 38% female representation on the Board
• 13 average training hours for permanent employees
• 17 social impact programs conducted during the FY 2021-22
• INR 1.05 crore invested on employee upskilling
• INR 21.68 million invested towards CSR efforts
• Zero human rights complaints
• 0.19 Lost Time Injury Frequency Rate (LTIFR)

Governance Achievements

• 3-Tier ESG governance framework
• 60+ R&D specialists
• 3 DSIR approved R&D centres
• 75 patents filed till FY 2021-22
• ISO 27001 certification for Chakan plant

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Rising input costs
• Semiconductor shortages
• Competition
• Export risks
• Compliance risks
• Industry risks
• Contingency risks
• Procurement risks

Mitigation Strategies

• Debt reduction
• Minimising break-even point
• Simplification of parts
• Automation
• Diversification into different segments
• Disaster Recovery Plan (DRP) and Business Continuity Plan (BCP)
• Consolidated vendors and strategic alliances
• E-sourcing
• Capacity building seminars for partners
• Local procurement
• Investing in automation, process enhancement and renewable energy expenditures
• COPQ 2.0 and AHQ programs
• Plan with quarterly targets focusing on new product development and market share growth
• Specialized staff for exports
• Enhanced production processes to meet export standards
• Robust internal control system with internal audits and improvement assessments
• Compliance software system at each plant

Supply Chain Management

Supplier Audits: 180/year

Responsible Procurement

• Adherence to ANAND’s Code of Conduct
• ESG framework for supplier assessment
• Local sourcing
• 10-point checklist for supplier evaluation
• Long-term contracts with quality, environment, and safety provisions

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards– Core Option, UN SDGs, SEBI’s Business Responsibility and Sustainability Report (BRSR)

Certifications: ISO 14001, ISO 45001, IGBC Green Factory Building Certification-Silver (Sanand facility)

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 6
• SDG 7
• SDG 8
• SDG 10
• SDG 11
• SDG 12
• SDG 13
• SDG 15
• SDG 16
• SDG 17

CSR initiatives and other ESG efforts contribute to these goals.

Sustainable Products & Innovation

• Lightweight products for reduced resource consumption and fuel efficiency

Awards & Recognition

• Various quality awards from ACMA/CII and regional Quality Circle competitions
• Grade-A supplier ranking by a global customer
• No.1 in Fortune India ‘The NEXT 500 Companies’ list
• ACMA Excellence Award 2020 for ‘Excellence in HR’ and ‘Excellence in New Product-design and Development’ (Dewas plant)
• Best Supplier of the Year Award Demand Fulfilment North (2020-21) from TATA Genuine Parts

Environmental Metrics

ESG Focus Areas

• People
• Planet
• Purpose

Environmental Achievements

• Achieved 26% progress towards carbon neutrality.
• Achieved 33% progress towards water neutrality.
• Achieved 98% reduction in waste going to landfills.
• 12% renewable energy consumption.

Social Achievements

• Invested ₹2.08 Cr. in CSR efforts, including education for 400+ students and supporting 11 matriculate girls.
• Invested ₹1.04 Cr. in employee upskilling.
• 18 social impact programmes conducted.
• 0 complaints on human rights violations/abuse.

Governance Achievements

• Established a 3-tier ESG governance framework.
• 75 patents filed till FY 2022-23.
• 85% of suppliers audited for ESG issues.

Climate Goals & Targets

Environmental Challenges

• Rising global input prices and inflationary pressures on profit margins.
• Skills gap between current workforce and evolving needs.
• Environmental regulations are progressively tightening.
• Cybersecurity breaches risk the unauthorized use or theft of valuable intellectual property.

Mitigation Strategies

• Core 90 Cost Reduction Drive focusing on Sales PIP, RMC, MPC, FOH, and Cost of Conversion.
• Strategic roadmap for talent recruitment and retention, including employee engagement and benefits schemes.
• Articulated risk management framework to identify, assess, categorize, address, and mitigate environmental risks.
• Measures to ensure the security and protection of intellectual assets, including secure data exchange, periodic audits, NDAs, antivirus software, patent filing, and employee awareness sessions.

Supply Chain Management

Supplier Audits: 85% of 207 suppliers audited in FY 2022-23

Responsible Procurement

• Ethical, social, and environmental standards among suppliers
• Local procurement
• E-sourcing
• Capacity-building seminars for partners

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards, UN SDGs, UNEP, UNWEP

Certifications: ISO 14001, ISO 45001, ISO 27001 (3 locations)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 10
• Goal 11
• Goal 12
• Goal 13

Initiatives aligned with SDGs 6 (Clean Water and Sanitation), 7 (Affordable and Clean Energy), 8 (Decent Work and Economic Growth), 9 (Industry, Innovation, and Infrastructure), 10 (Reduced Inequalities), 11 (Sustainable Cities and Communities), 12 (Responsible Consumption and Production), and 13 (Climate Action).

Sustainable Products & Innovation

• Lightweight shock absorbers for electric vehicles
• Sustainable ride control systems for commercial vehicles
• MTB forks for mountain bikes and modern e-bikes

Awards & Recognition

• Golden Peacock Award
• Various customer awards and accolades
• Various industry awards and accolades