Climate Change Data

AGS Transact Technologies Limited

Climate Impact & Sustainability Data (2020, 2021-2022, 2022-23, 2023-04 to 2024-03)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Reduced air pollution by offering greener transportation options (BRT) in Amritsar.
  • Not disclosed

Social Achievements

  • Amritsar BRTS project created employment opportunities for local people.
  • Women Connect event promoting women leaders in business.
  • Campus Connect 2.0 fostering exchange of ideas between AGS and students.
  • Retail Connect 2.0 providing insights on building capabilities for a new world.
  • Ongo's 5 years of empowering merchants with digital solutions.
  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Traffic congestion in Indian cities.
  • Need for efficient and sustainable transportation solutions.
  • Not disclosed
Mitigation Strategies
  • Implementing MaaS (Mobility as a Service) solutions.
  • Developing and deploying National Common Mobility Card (NCMC).
  • Promoting QR code-based ticketing for contactless payments.
  • Implementing Bus Rapid Transit (BRT) systems.
  • 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: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Ongo bagged 3 awards at the ACEF Asian Leadership Forum and Awards (Excellence in Digital Transformation, Excellence in Corporate Reputation, Excellence in Marketing Innovation)

Reporting Period: 2021-2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • AGS manufacturing unit in Daman has been ISO 14001 certified since June 2016.
  • Tied-up with Ecyclear for collection and disposal of e-waste.
  • AGS House building in Navi Mumbai is striving to evolve towards a “Green building” with initiatives like recycled water usage, VRF AC units, and green DG.

Social Achievements

  • COVIAssist team provided emergency assistance to employees and their families affected by COVID-19.
  • #StopTheSpread campaign achieved 100% vaccination for over 8,000 employees and their family members.
  • Various offline & online training programs for employees.

Governance Achievements

  • Successful listing on the Indian Stock Exchanges (NSE & BSE).
  • Annual performance evaluation of the Board, its Committees and Individual Directors.

Climate Goals & Targets

Long-term Goals:
  • Be market leaders in payment solutions and FinTech segments.
Medium-term Goals:
  • Enhance integrated technology payments platform.
  • Increase share of outsourced or managed ATMs/CRMs.
  • Improve operational efficiency to reduce operating costs.
Short-term Goals:
  • Grow and scale up digital business.
  • Pivot from payment-as-a-service to payment-as-a-convenience through the Ongo ecosystem.
  • Add more merchants to Ongo ecosystem.

Environmental Challenges

  • Omicron-led disruptions dampened ATM outsourcing revenues in Q4 FY2021-22.
  • High finance cost, non-recurring expenses (provisions, impairment, ESOP cost), pandemic, geopolitical tensions, supply chain challenges, increase in raw material prices and inflationary trends impacted profitability.
  • COVID-19 pandemic impacted operations.
Mitigation Strategies
  • Successful listing on the Indian Stock Exchanges.
  • Strengthened digital platforms (Ongo and Fastlane).
  • Expanded ATM/CRM network and PoS solutions.
  • Implemented cassette swaps for outsourcing services business.
  • Focus on growing digital business and pivoting from payment-as-a-service to payment-as-a-convenience.

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: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • ‘Iconic Brands of India 2021’ by the Economic Times
  • ‘Technology Disruption of the Year’ award for QR-Cash Solution at the 3rd Inn-Tech 2021

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:31,636.68 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:10.98 tCO2e/year
Scope 2 Emissions:30,627.70 tCO2e/year
Total Energy Consumption:136,388.07 GJ/year
Water Consumption:1829.84 kl/year
Waste Generated:339.58 tons/year
Carbon Intensity:2.53 per Million Rupees of turnover (FY2022-23)

ESG Focus Areas

  • GHG emissions and energy management
  • Waste management
  • Human capital development
  • Customer satisfaction
  • Community development
  • Health and safety
  • Supply chain management
  • Privacy and Data security
  • Digital inclusion
  • Diversity, Equity and Inclusion
  • Employee engagement and well-being
  • Business ethics

Environmental Achievements

  • Implemented solar energy solutions at Daman plant
  • Implemented VRF AC units to reduce CO2 emissions at AGS House, Navi Mumbai
  • AGS House building in Navi Mumbai strives towards becoming a “Green building”

Social Achievements

  • Various training and awareness programs for employees on health & safety, code of conduct, and prevention of sexual harassment
  • Grievance redressal mechanism in place for employees

Governance Achievements

  • Anti-corruption and anti-bribery policy in place

Climate Goals & Targets

Environmental Challenges

  • GHG emissions and energy management
  • Waste management
  • Customer satisfaction
  • Supply chain management
  • Privacy and Data security
  • Diversity, Equity and Inclusion
  • Business ethics
Mitigation Strategies
  • Focusing on GHG reduction and energy efficiency
  • Responsible waste management through authorised vendors
  • Prioritising customer satisfaction
  • Responsible sourcing practices
  • Established and commercially reasonable security standards and procedures to safeguard information
  • Commitment to a fair and inclusive workplace
  • Fostering a culture of integrity, promoting ethical awareness

Supply Chain Management

Responsible Procurement
  • Sustainable sourcing policies and processes
  • Supplier Quality Ratings (SQR) and vendor audits

Climate-Related Risks & Opportunities

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:20,566.7 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:3.54 tCO2e/year
Scope 2 Emissions:20,563.14 tCO2e/year
Total Energy Consumption:121,962.63 GJ/year
Water Consumption:4,281.29 kilolitres/year
Waste Generated:452.33 metric tonnes/year

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Installation of VRF AC units at AGS House in Navi Mumbai to reduce CO2 emissions
  • Incorporation of solar energy into operations at the Daman plant
  • Use of recycled water for urinals, toilets, and garden irrigation at AGS House
  • Partnership with Ecyclear for nationwide e-waste collection and disposal

Social Achievements

  • AGS Shiksha initiative providing education to underprivileged and special children
  • Financial assistance to medical institutes in Maharashtra
  • Provision of SMART boards to Oxford School

Governance Achievements

  • Implementation of a Whistle Blower Policy/Vigil Mechanism
  • Annual performance evaluation of the Board, its Committees, and Individual Directors
  • Formulation of a Dividend Distribution Policy

Climate Goals & Targets

Short-term Goals:
  • Issuance of around 3 Lakh NCMCs over the next one year

Environmental Challenges

  • Decline in revenue during FY 2023-24
  • Delays in collections from customers resulting in delays in payments and increased working capital requirement
  • Subdued performance with total income of ₹ 15,088 Million and Adjusted EBITDA of ₹ 3,815 Million
Mitigation Strategies
  • Strategic scaling down of low-margin and capital-intensive businesses
  • Focus on maximizing revenue and reducing costs
  • Debt reduction measures
  • Cost optimization efforts

Supply Chain Management

Responsible Procurement
  • Responsible Supply Chain Management policy
  • Supplier Quality Ratings and audits
  • Strict adherence to labour laws

Climate-Related Risks & Opportunities

Awards & Recognition

  • ET NOW Best BFSI Brands Conclave 2024
  • Bronze award at iNFHRA's Workplace Excellence Conference & Awards 2023-2024
  • Economic Times Excellence in Innovation at The Global Innovation Network 2023