Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Accountability, and Transparency
• Safe and Healthy Working Conditions
• Product Safety and Quality
• Material Sourcing
• Solutions for low carbon mobility
• Energy Management
• Emissions Management
• Waste Management
• Respect for Individuals
• Human Rights
• Environmental Protection
• Inclusive Growth and Equitable Development
• Consumer Engagement

Environmental Achievements

• Reduced hazardous waste disposal by 75% and recycled 12,000 liters of water per day
• Increased total solar capacity from 1505.8 kWp to 1975 kWp
• Reduced GHG emissions through solar energy initiatives and energy efficiency measures

Social Achievements

• Provided health insurance, accident insurance, and maternity benefits to employees and workers
• Implemented a strong security system to fulfill the Zero Harm vision
• Provided training on health and safety measures and skill upgradation to employees and workers
• Supported CSR projects focusing on education, skill development, and community development
• Achieved 100% assessment of plants and offices for health and safety practices and working conditions

Governance Achievements

• Implemented ethical policies and framework to inculcate a culture of compliance and governance
• Established an ESG Committee for implementation of Environment, Social and Governance framework
• Complied with all applicable statutory and regulatory requirements

Climate Goals & Targets

Environmental Challenges

• Unethical behavior, non-compliance, and violation of any form may bring punitive and reputational repercussions
• Incidents may cause disruption, impact employee morale, and business reputation leading to negative financial implications
• Defective or unsafe products may account for product recalls
• Improper management of waste may lead to environmental pollution/contamination, regulatory fines and notices
• Any violation in human rights may lead to regulatory, legal, and legislative challenges

Mitigation Strategies

• Implemented ethical policies and framework
• Implemented a strong security system and safety management system
• Implemented IATF 16949 certified manufacturing facilities
• Implemented effective and efficient waste management practices
• Implemented a vigil mechanism for employees to report concerns

Supply Chain Management

Supplier Audits: 100% of suppliers assessed on sustainability parameters

Responsible Procurement

• Green Procurement Guideline
• Sustainability elements incorporated in standard purchase contracts

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products
• Increased revenue from battery electric vehicles (BEV)

Reporting Standards

Frameworks Used: GRI, NGRBC, UN SDGs, Companies Act 2013

Certifications: IATF 16949, ISO 14001, ISO 45001, ISO 50001

Third-party Assurance: InGovern and BlueSky

UN Sustainable Development Goals

• Goal 1
• Goal 8
• Goal 13

CSR projects contribute to poverty reduction, economic growth, and climate action

Sustainable Products & Innovation

• Electric and hybrid powertrain solutions

Environmental Metrics

ESG Focus Areas

• Ethics, Accountability, and Transparency
• Safe and Healthy Working Conditions
• Product Safety and Quality
• Material Sourcing
• Solutions for low carbon mobility
• Energy Management
• Emissions Management
• Waste Management
• Respect for Individuals
• Human Rights
• Environmental Protection
• Inclusive Growth and Equitable Development
• Consumer Engagement

Environmental Achievements

• Increased total solar capacity from 1,505.8 kWp in 2021-22 to 2,934.5 kWp in 2023-24; percentage of green energy increased from 3.17% in FY2023 to 3.95% in FY 2024 for Driveline Division.
• Successfully implemented a project in Chennai plant replacing banned R22 refrigerant with R407C, replacing 219 kgs of gas and 320 TR of AC capacity.
• Implemented Zero Liquid Discharge (ZLD) mechanism at Gurgaon site with 50 KLD capacity.
• Various initiatives resulting in energy savings (e.g., VFD installation, energy-efficient fans and AC units).

Social Achievements

• 100% of employees and workers received training on various topics including ethical compliance, safety, and data protection.
• Various well-being measures implemented for employees and workers (health insurance, accident insurance, maternity/paternity benefits).
• Implemented POSH policy and grievance redressal mechanisms.
• CSR initiatives supporting schools in Chennai on water, sanitation, and hygiene.

Governance Achievements

• Established ESG Committee for implementation of Environment, Social, and Governance framework.
• Implemented anti-bribery and corruption policy.
• Regular internal and external audits/reviews as part of ISO certification process.

Climate Goals & Targets

Environmental Challenges

• Unethical behavior, non-compliance, and violations.
• Health and safety related incidents.
• Product defects and recalls.
• Improper waste management.
• Potential human rights violations.

Mitigation Strategies

• Implemented ethical policies and framework, regular training and awareness sessions.
• Strong security system, regular assessment of health and safety practices, corrective action plans.
• IATF 16949 certification, continual improvement, defect prevention.
• Effective and efficient waste management practices, recycling and waste reduction initiatives.
• Code of Conduct and Business Ethics, human rights training, background verification of employees.

Supply Chain Management

Supplier Audits: 100% of new suppliers assessed on sustainability parameters

Responsible Procurement

• Green Procurement Guideline, Vendor Code of Conduct, sustainability requirements in purchase contracts

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products, increased revenue from BEVs

Reporting Standards

Frameworks Used: Null

Certifications: IATF 16949, ISO 14001, ISO 45001, ISO 50001

Third-party Assurance: Not applicable

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Drivetrain and powertrain products for electric vehicles

Awards & Recognition

• Great Place to Work