RACL Geartech Ltd
Climate Impact & Sustainability Data (2022-04 to 2023-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Energy Consumption:52736832
Water Consumption:16276.7
Waste Generated:1946 kg/ 75 no’s
ESG Focus Areas
- Climate Change
- Water Management
- Waste Management
- Occupational Health and Safety
- Employee Wellbeing
- Supplier Evaluation
- Compliance
Environmental Achievements
- Achieved zero reportable safety incidents
- 100% supplier evaluation of RM & OSP (supplier parts) achieved
- 100% statutory and regulatory compliance achieved
- Implemented a mechanism for Zero Liquid Discharge (ZLD) with ETP & STP
Social Achievements
- Achieved attrition rate of 5% in FY 22-23
- Achieved a customer satisfaction index of 90% in FY 22-23
- Various awareness programs conducted for value chain partners
Governance Achievements
- Integrated ESG objectives into its business strategy
- Established various committees (CSR, Stakeholder Relationship, Risk Management) for oversight of sustainability related issues
Climate Goals & Targets
Medium-term Goals:
- Move towards an Injury Free Workplace by 2025
Short-term Goals:
- Reduce GHG emissions by lowering energy use & switching to renewable energy; source 40% electricity from Solar Energy by March 2024
- Bring further improvements in the water treatment plant & rain water harvesting plant by 2024
- Achieve 100% supplier evaluation of RM & OSP by 2024
Environmental Challenges
- Climate change as a key business risk
- Water scarcity
- Waste management
- Occupational health and safety
- Supplier evaluation on environment & social aspects
Mitigation Strategies
- Roadmap to reduce GHG footprint with initiatives like renewable energy, energy efficiency
- Wastewater treatment and reuse for gardening
- Processes to minimize water use in canteens
- Waste segregation and disposal in appropriate ways
- Commitment to zero waste to landfills
- Safety policies (SHE) and ‘Zero incident work culture’ promotion
- Health and safety training for all employees
- Continuous improvement in water treatment and rainwater harvesting
Supply Chain Management
Supplier Audits: 100%
Responsible Procurement
- Encouraging vendors to follow ISO 9001 and ISO 14001
- Planning a sustainable supply chain program with environmental and social assessments
Climate-Related Risks & Opportunities
Opportunities
- Decarbonization through renewable energy and energy efficiency