DREDGING CORPORATION OF INDIA LIMITED
Climate Impact & Sustainability Data (2014-15 onwards, 2023-04 to 2024-03)
Reporting Period: 2014-15 onwards
Environmental Metrics
ESG Focus Areas
- Education
- Health
- Environment
- Women empowerment
- Livelihood promotion
- Sanitation
- Slum improvement
- Disaster management
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:760.200 Metric tonnes of CO2 equivalent (Scope 1) and (420 KG) (Scope 2)
Scope 1 Emissions:760.200 Metric tonnes of CO2 equivalent
Scope 2 Emissions:(420 KG)
Scope 3 Emissions:760200 Metric tonnes of CO2 equivalent
Renewable Energy Share:NIL
Water Consumption:36333 KL
Waste Generated:496.4 Tons & 300 Nos of Barrels
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Implemented environmentally friendly dredging techniques
- MARPOL regulations enforced on board vessels adhering to IOPP &IAPP requirements of the class.
- Vessels certified for IAPP, IOPP, ISPP. IMO Compliance
Social Achievements
- Zero fatalities and Lost Time Injuries in FY 2023-2024
- 18% women in the workforce as of FY 2023-2024
- Various welfare schemes viz., Family Pension Scheme, Gratuity Scheme, personal accident insurance coverage, Group Savings Linked Insurance Scheme, contributory Provident Fund, maternity leave, paternity leave, payment of ex-gratia to legal heirs/members of the family of deceased employees, canteen for project employees, medical attendance, merit scholarships for the children of SC/ST employees, pension scheme and DCI, Retired Employees Medical Trust/Scheme, family carriage facility for fleet personnel among others.
Governance Achievements
- Robust internal control system and various Board level Committee to monitors and reviews these aspects periodically.
- Implemented Microsoft Dynamics 365 Finance & Operation ERP
- Compliance Management Framework
Climate Goals & Targets
Medium-term Goals:
- 18% women in the workforce by 2025
Short-term Goals:
- Zero Incidents by 2025
- Employees Turnover: < 5 % Voluntary Attrition by 2025
- Employee Satisfaction Rate of 3.80/5 by 2025
- Customer Satisfaction Rate of 4.75 / 5 by 2025
Environmental Challenges
- Ageing dredging fleet (average age >25 years)
- High lead time for spare parts procurement
- Shortage of skilled manpower
- Increasing foreign and domestic competition
- Possible reduction in dredging expenditure by Government/Ports
- Regulatory changes
- Environmental concerns and related regulations
Mitigation Strategies
- Procurement of a 12,000 Cu.M Hopper Capacity Dredger
- Initiatives to reduce spare parts lead time and implement ERP for inventory management
- Outsourcing manpower for technical maintenance
- Exploring establishment of a Dredge Training Institute and Repair facility
- Robust career progression policy for shore-based employees and competitive remuneration for floating employees
- Diversification of service portfolio and geographical footprint
- Refurbishment of aged dredgers
- Cost management strategies (fuel efficiency, procurement streamlining)
- Sustainable dredging practices and environmentally friendly technologies
- Collaborations with ship repair yards for vessel maintenance
- Acting as nodal agency for major ports' dredging requirements
- Capacity utilization optimization (preventive maintenance, dry dock repair acceleration, computerization)
Supply Chain Management
Supplier Audits: 100%
Responsible Procurement
- Sustainable Procurement Policy
- ESG parameters verification for suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SEBI
Certifications: ISM, ISPS, ISO-9001, ISO-14001, MLC-2006, IOPP, IAPP
Third-party Assurance: Not Applicable