Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Net CO2 avoided: 56050.13 MT (with Methane avoidance); Roadmap to reduce Scope 1 & 2 emissions by ~10% over the next 3 years.
• One site using byproducts as a source to generate renewable energy (fulfilling >80% of the energy requirement in operations). Our target is to operationalize the second WTE site by FY 23-24.

Social Achievements

• Current LTIFR of 0.41 with the target to achieve <0.30 by FY 23-24. Employee trainings are conducted regularly on themes such as construction dangers, waste management, machine/fire safety, emergency material handling, and heavy vehicle safety.
• Implementation and strict adherence to the company’s ‘Responsible & Ethical Suppliers Code of Conduct’ for all suppliers, vendors, and subcontractors.
• 100% Coverage of POSH policy across all the sites. Compatible infrastructure for women employees.
• At all locations, best practices in community grievance resolution are implemented.

Governance Achievements

• ISO 14001:2015 certification
• ISO 9001:2015 certification
• Board Composition - Your Company currently has six Directors, comprising, two Executive Directors, and four Non- Executive Directors, of which three are Independent Directors (including one Woman Director) and one Promoter Director.
• Independent Directors head committees such as Audit, Nomination Remuneration, and Stakeholder Relationship Committees, Vigil Mechanism to encourage the reporting of actual concerns or grievances.
• All Directors and Senior Members of the Core Management Team who are one level below the Board of Directors are subject to the Code of Conduct.
• Board approved ESG policy and dedicated committee to provide oversight on key ESG issues.

Climate Goals & Targets

Environmental Challenges

• Market Competition
• Human Resource Risk (health and safety)
• Financial Risk (interest rate fluctuations, credit quality, liquidity)
• Cyber Security Risk (malware and system hacks)
• ESG Risks (gaseous emissions, worker health & safety, ethical conduct)
• Infrastructure
• Inadequate segregation of waste
• Need for government assistance

Mitigation Strategies

• Strong service standards and comprehensive range of services
• Stringent policies and safety standards
• Risk management policy, Board monitoring
• Cutting-edge technologies, cybersecurity mechanisms
• ESG risks integrated into organizational strategy, KPIs, and targets
• Cost-control strategies, process enhancements, project selection
• Improved awareness and implementation of waste segregation
• Government initiatives and partnerships

Supply Chain Management

Responsible Procurement

• Responsible and Ethical Suppliers Code of Conduct

Climate-Related Risks & Opportunities

Awards & Recognition

• CII Merit For Excellence for Managing Municipal Solid Waste In India

Environmental Metrics

ESG Focus Areas

• Circular economy
• Climate change
• Sustainability
• Social responsibility
• Governance

Environmental Achievements

• Avoided ~4,688 ton of CO2 during the year.
• One site uses by-products to generate >80% of its energy requirement.
• Greenhouse gases from BLF station and leachate treatment are captured and flared to reduce emissions.
• Completed construction of Integrated Waste to Energy Project (14 MW, 1000 TPD)

Social Achievements

• Continued contributions to charitable causes (disaster relief, health, education).
• Gender diversity of 4.1% for staff and 4.8% for Swachhta Warriors.
• Organized various training programs for employee development.

Governance Achievements

• Secured ISO 9001:2015 and ISO 14001:2015 certifications.
• Established a robust risk management framework.
• Implemented a Vigil Mechanism Policy.

Climate Goals & Targets

Environmental Challenges

• Competition in the waste management industry.
• Economic uncertainty, inflation, rising interest rates.
• Supply chain risks (energy, fuel, vehicle spares).
• Cyber and data security risks.
• Insufficient/Inefficient waste segregation methods.
• Human behavior (waste generation, illegal dumping).
• Inadequate infrastructure.

Mitigation Strategies

• Established quality service standards and strong performance barriers.
• Risk Management Committee analyzes and evaluates risks.
• Multiple supply channels and procurement from various geographic areas.
• Sophisticated cybersecurity protocols.
• Investing in technology and advanced equipment.
• Awareness campaigns and educational initiatives.
• Focus on calibrated growth through selection of viable projects.

Supply Chain Management

Responsible Procurement

• 'Code of Conduct for Responsible and Ethical Suppliers'

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015, ISO 14001:2015

Sustainable Products & Innovation

• RDF
• Compost

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Increased renewable energy consumption from 1.89% in FY2022-23 to 5.03% in FY2023-24
• PCMC WtE plant is the first of its kind to sell power under the Green Energy Open Access Rules, in the state of Maharashtra.
• Waste-to-Energy (WtE) plant processes ~1,000 tonnes of municipal solid waste per day, generating 14 MW of clean energy. This project utilizes recycled water from the Chikali Sewage Treatment Plant (STP), eliminating the need for freshwater dependency.

Social Achievements

• ZERO fatalities reported within our premises
• Infrastructure is designed to ensure that women feel comfortable and supported in all our work environments
• Continuous employee training and awareness programmes

Governance Achievements

• Robust governance framework focusing on ethical business conduct, regulatory compliance, and effective risk management
• Several committees, led by Independent Directors, including the Audit, Nomination and Remuneration, and Stakeholder Relationship Committees
• Every employee participates in comprehensive Code of Conduct training

Climate Goals & Targets

Environmental Challenges

• Inadequate waste management infrastructure poses significant occupational health and safety risks for workers engaged in waste collection and disposal
• Supply Chain Management involves mitigating risks associated with supplier sustainability and adherence to the Supplier Code of Conduct
• Regulatory compliance is critical for maintaining organizational integrity and avoiding legal repercussions
• ESG governance is integral to maintaining stakeholder trust and achieving sustainable growth
• Inadequate risk management practices can lead to unforeseen operational disruptions, financial losses, and reputational damage

Mitigation Strategies

• Implementing regular safety drills and establishing clear safety protocols
• Continuous employee training and awareness programmes
• Robust incident reporting system in place to address and investigate accidents promptly, with corrective actions taken to prevent recurrence
• Diversify their supplier network to reduce reliance on any single source
• Implementing stringent supplier assessments and conducting regular performance reviews ensure quality and compliance
• Developing and maintaining contingency plans for potential disruptions and fostering clear, proactive communication with suppliers
• Implementing comprehensive internal and external audits and monitoring systems helps ensure adherence and identify potential issues early
• Providing ongoing training for employees and maintaining clear documentation supports effective compliance and reduces the risk of violations
• Regular audits and assessments ensure adherence to ESG standards and identify areas for improvement
• Engaging stakeholders and integrating their feedback into ESG strategies help enhance transparency and effectiveness
• Regular risk assessments and scenario planning help identify potential threats and evaluate their impact
• Implementing robust monitoring and control mechanisms ensures timely detection and response to emerging risks, while ongoing training reinforces risk awareness across the organization

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Preferential procurement policy for marginalized/vulnerable groups (approx. 10%)
• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001:2015, ISO 9001:2015, ISO 45001:2018

Third-party Assurance: Not Applicable

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed