Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Road Safety
• Education
• Women Empowerment
• Disability Inclusion
• Community Development

Environmental Achievements

• Planted over 14,60,680 trees with over 90% survival rate
• Installed 13,597 solar streetlights benefiting over 800,000 people
• Replaced 108,308 traditional bulbs with LED lamps, saving over 30 million electricity units annually
• Conserved and channelized over 76 lakh liters of water

Social Achievements

• Provided skill development training to 19,119 individuals, majority being women, leading to employment or entrepreneurship for many
• Supported over 2,300 specially-abled individuals with mobility aids
• Provided road safety training to 0.5 million people
• Supported education infrastructure development in 144 government schools, benefiting 19,661 students
• Provided midday meals to 10,385 students daily
• Empowered women police officers with two-wheelers in eight states

Governance Achievements

• Established a CSR committee with board oversight
• Implemented a CSR policy aligned with Schedule VII of the Companies Act, 2013
• Engaged independent evaluators to assess social returns on investment (SRoI)

Climate Goals & Targets

Environmental Challenges

• Addressing road safety challenges in India
• Improving access to quality education and healthcare in rural areas
• Empowering women and specially-abled individuals
• Promoting environmental sustainability

Mitigation Strategies

• Implemented various road safety programs including training parks and awareness campaigns
• Developed educational infrastructure and provided skill development training
• Provided healthcare services through mobile medical vans and vision centers
• Undertaken large-scale tree plantation, solar streetlight installation, and LED bulb replacement programs

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• SDG 3: Good Health and Well-being
• SDG 4: Quality Education
• SDG 5: Gender Equality
• SDG 7: Affordable and Clean Energy
• SDG 13: Climate Action

The report highlights how various initiatives contribute to these SDGs.

Awards & Recognition

• Bhamashah Award
• Best CSR Practices from Chief Minister, Haryana
• Appreciation for LED Project from Chief Minister, Uttarakhand
• Excellence in CSR, CII-ITC Sustainability Awards 2018
• NGOBOX-Dalmia Bharat, 5th CSR Impact Award for Project Enable
• FICCI Road Safety Awards 2018
• Best Green Excellence-Sustainability Award
• Highest rating at ‘ET 4 Good’

Environmental Metrics

ESG Focus Areas

• Greener World
• Safer World
• Equitable World

Environmental Achievements

• Planted more than two lakh fruit trees with 1,168 farmers from 20 villages across Dharuhera, in district Rewari, Haryana. Overall, till date we have planted a cumulative total of 23.7 lakh saplings across the country
• Maintained more than 19,932 solar streetlights that had been installed in over 229 Gram Panchayats in Uttarakhand, Haryana, Rajasthan and Gujarat
• Supported villages in maintenance of the rejuvenated ponds and also engaged in awareness activities around its areas of operation

Social Achievements

• Renovation work was carried out at four government schools in Haridwar, Uttarakhand, and a comprehensive library was built at Pandit Lalit Sharma P.G. College, Rishikesh, Uttarakhand
• Supported 3 schools benefiting 1028 students schools in and around the villages of Rajasthan, Haryana and Uttarakhand
• 8,184 children across areas where our interventions are ongoing benefited from remedial-education interventions
• Handed over 200 Hero scooters to women police officers in Uttar Pradesh and Haryana
• Project Arogya benefitted 52,735 people

Governance Achievements

• Supported the setting up of four Paramarsh Kendras in Jaipur in partnership with Rajasthan Police
• Supported 10 young individuals to work closely with the Chief Minister's Office for bringing transparency, accountability and efficiency in public service delivery in the state

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic resulted in curtailment of some activities and restrictions on in-person training

Mitigation Strategies

• Allocated a substantial part of the CSR budget towards Covid-19 relief efforts
• Streamlined a mechanism to feed lakhs of people from poor communities
• Mobilised teams across plant locations to distribute ration kits to needy communities
• Pursued ongoing CSR programmes with utmost care and caution abiding by Covid-19 protocol
• Transitioned to online mode for education and training programs

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Mahatma Award 2020 for ‘CSR Excellence’
• ‘CSR Shining Star’ award

Environmental Metrics

ESG Focus Areas

• Value Chain Zero Emission Approach
• Positive Ecosystem
• Circular Economy
• Business Transformation
• Diversity & Inclusion
• Climate protection
• Energy management
• Water
• Materials
• Waste
• Air emissions
• Product stewardship
• Emerging Mobility Solutions

Environmental Achievements

• Achieved 75% waste neutral facilities through recycling and co-processing initiatives (target 100% by 2025)
• Carbon neutral operations stands at 33% (target 100% by 2030)
• Achieved 399% water positive facilities (target 500% by 2025)
• Reduced total energy consumption by 17%
• Improved solar footprint by 10%, generation of 10 Million units of Green energy annually
• The Centre for Innovation & Technology (CIT) became the first R&D unit to receive the ‘GreenCo Platinum rating’

Social Achievements

• Signed the United Nations Women’s Empowerment Principles
• CSR efforts tailored to diverse communities
• Launched ‘Ladki Chala Rahi Hai’ campaign promoting women empowerment
• Over 99% of employees vaccinated against COVID-19
• Various health and wellness initiatives for employees and their families
• Ride Safe Training program benefiting 7.43 lakh people

Governance Achievements

• Updated Whistle Blower, POSH, CSR, Risk Management and Related Party Transactions Policies
• Established a Sustainability and CSR Committee
• Implemented an e-compliance tool
• All manufacturing facilities are certified with ISO 45001

Climate Goals & Targets

Environmental Challenges

• Recurrence of COVID-19 in export markets
• Economic uncertainty in key global markets
• Potential cyberattacks
• Significant shift from ICE vehicles to EVs
• Rising pollution levels
• Depleting Air Quality Index
• Operation in water stress regions
• Black swan events
• Workforce falling ill due to widespread disease
• Shift in spending patterns

Mitigation Strategies

• Support the global business with additional markets
• Concerted localisation efforts
• Strengthened IT infrastructure
• Investment in Ather Energy
• In-house efforts towards a winning EV solution
• Successfully transitioned to BSVI Emission Standards
• Enhanced efficiency of existing recycling facilities
• Explore innovative ways of creating value for customers
• Developing labour-centric policies
• Identify ways of delivering greater value to customers

Supply Chain Management

Supplier Audits: Safety audits for over 70 direct suppliers and 10 tier-deeper partners

Responsible Procurement

• Sustainable Procurement Guidelines
• Green Partner Development Programme (GPDP)
• Sustainable Partner Development Programme (SPDP)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Droughts

Transition Risks

• Technology-related risks
• Policy risks
• Market risks
• Reputational risks

Opportunities

• Development of EVs and other clean energy products

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001:2015, ISO 45001, ISO 50001:2018 (Vadodara plant), CII GreenCo Platinum (CIT)

Third-party Assurance: Price Waterhouse Chartered Accountants LLP

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• EVs
• Fuel-efficient vehicles

Awards & Recognition

• Dow Jones Sustainability Index (Emerging Markets Index)
• Sustainalytics platform (global leader)
• CII GreenCo Platinum rating
• Economic Times ‘Best Workplaces for Women 2021’ Award

Environmental Metrics

ESG Focus Areas

• Climate Action
• Circularity
• Diversity and Inclusion
• Supply Chain Sustainability
• Emerging Mobility

Environmental Achievements

• Achieved 39% carbon neutral operations (Target: 100% by 2030)
• Achieved 405% water positive facilities (Target: 500% by 2025)
• Reduced total energy intensity by 18%
• Improved solar energy generation by 28%, generating more than 13 million units of green energy
• Achieved 87.5% waste neutral facilities through recycling and co-processing initiatives (Target: 100% by 2025)
• Gurugram manufacturing facility achieved ‘Single-use Plastic Free’ certification from CII

Social Achievements

• Launched VIDA, its first electric scooter
• Progress in Diversity and Inclusion, recognized in Bloomberg Gender Equality Index 2023
• Increased female diversity to 9.7%
• 33 patents awarded

Governance Achievements

• 30% women representation on the Board
• Implemented Sustainable Partner Development Programme (SPDP) with 128 supply chain partners
• 100% of direct supply chain partners signed Sustainable Procurement Guidelines

Climate Goals & Targets

Environmental Challenges

• Slow demand and high inflation in global markets
• Shift from ICE vehicles to EVs
• Rising pollution levels
• Operation in water-stressed regions
• Supply chain disruptions due to geopolitical risks and natural disasters
• A shift in spending patterns

Mitigation Strategies

• Concerted localisation efforts
• Exploring new business models (Battery as a Service, Vehicle as a Service)
• Investment in adaptation to climate change (climate-resilient infrastructure)
• Investment in renewable energy, low carbon Products (EVs)
• Multi-sourcing plans for essential technology components
• Frequent discussions and meetings with suppliers
• Developing rainwater harvesting potential
• Enhanced efficiency of existing recycling facilities

Supply Chain Management

Supplier Audits: 128 supply chain partners assessed; 112 SCPs manufacturing facilities audited

Responsible Procurement

• Sustainable Procurement Guidelines
• SPDP
• Conflict-free mapping using IMDS

Climate-Related Risks & Opportunities

Physical Risks

• Floods
• Droughts
• Heat waves
• Groundwater drought

Transition Risks

• More stringent policies and regulations
• Global warming
• Rising pollution levels
• Declining competitiveness of ICE vehicles

Opportunities

• Increased market share due to early deployment of low emission technologies
• Expanding the EV portfolio
• Shared mobility
• Renewable energy

Reporting Standards

Frameworks Used: GRI Standards (2021)

Certifications: ISO 14001, ISO 45001, ISO 22000:2018 (5 plants), ISO 27001, ISO 50001, ISO 9001

Third-party Assurance: Price Waterhouse Chartered Accountants LLP (Limited assurance)

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

Initiatives contribute to these goals through renewable energy adoption, sustainable product development, waste reduction, and climate action strategies.

Sustainable Products & Innovation

• VIDA V1 electric scooter
• Flex-fuel compatible products
• Products with i3s technology and XSENS

Awards & Recognition

• CII ITC Sustainability Award
• Bloomberg GEI 2023
• Economic Times ‘Best Organisations for Women’
• CII National HR Excellence Awards

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Management
• Water Management
• Waste Management
• Product Stewardship
• Biodiversity
• Human Rights
• Diversity, Equity and Inclusion
• Talent Management
• Health, Safety and Well-being
• Customer Satisfaction
• Corporate Social Responsibility
• Business Ethics
• Risk Management
• Supply Chain Management
• Data Protection

Environmental Achievements

• 40% carbon neutrality achieved (Scope 1+2)
• 100% Zero Waste-to-Landfill certification across facilities
• 455% water positivity rate
• 46% increase in renewable energy use from FY 2022-23
• 14,219 tCO2 emissions avoided in FY 2023-24
• Reduced carbon emission per equivalent vehicle (EPV) by 22% compared to 2010 baseline

Social Achievements

• Increased gender diversity from 8.6% to 13.5%
• 100% return-to-work rate after parental leave
• 50,000 children's helmets distributed for road safety
• 4,000 women trained under Project SAKSHAM
• Renovated three schools benefiting 1,445 students
• 98.77% customer satisfaction rate, 7% reduction in complaints

Governance Achievements

• 100% compliance to regulations
• 100% employees completed Code of Conduct training
• Zero product recalls in FY24
• Zero cyber security breaches in FY24
• Zero environmental violations and monetary fines in FY 2023-24

Climate Goals & Targets

Environmental Challenges

• Climate change impacts (droughts, heatwaves, etc.)
• Transition risks (regulatory changes, market shifts to EVs)
• Water stress in operating regions
• Supply chain disruptions
• Semiconductor shortages
• Cybersecurity threats
• Growing demand for climate data disclosure

Mitigation Strategies

• Investing in renewable energy and energy efficiency
• Developing climate-resilient infrastructure
• Implementing water conservation measures
• Diversifying supply chains
• Developing alternative sourcing strategies
• Strengthening IT infrastructure and cybersecurity measures
• Transparent disclosure of climate-related information

Supply Chain Management

Supplier Audits: 82% of manufacturing supplier locations audited by annual purchase value in FY 2023-24

Responsible Procurement

• Sustainable Procurement Guidelines
• Supplier Code of Conduct
• Sustainable Partner Development Programme (SPDP)

Climate-Related Risks & Opportunities

Physical Risks

• Droughts
• Heatwaves
• Cold waves
• Wind hazards
• Dust storms
• Floods
• Cyclones

Transition Risks

• Regulatory changes
• Market shifts to EVs
• Technology risks
• Reputational risks

Opportunities

• Expanding EV portfolio
• Developing flex-fuel vehicles
• Improving fuel economy
• Investing in renewable energy

Reporting Standards

Frameworks Used: GRI Standards (2021)

Certifications: ISO 14001, ISO 45001, ISO 50001, ISO 9001, Zero Waste-to-Landfill

Third-party Assurance: Bureau Veritas (India) Pvt. Ltd. (limited assurance)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Vida V1 electric scooter
• Surge S32 convertible electric vehicle

Awards & Recognition

• CII National Award for Excellence in Water Management (Gurugram Plant)
• CII National Award for Excellence in Energy Management (Dharuhera Plant)
• CII National Award for Environmental Best Practices (Gurugram Plant)
• CII GreenCo Champion Award
• Fast Runners in Gender Equality by PwC
• HR Excellence Award 2023 by PNGI Forum
• BW Healthcare Award in Institutional Excellence in Occupational Health and Wellness
• GOQii Healthy Place to Work certification