Climate Change Data

Tata AutoComp Systems Limited

Climate Impact & Sustainability Data (2022, 2022-04 to 2023-03)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Governance
  • Legal Compliance
  • Environment
  • Health and Safety
  • Labour and Human Rights
  • Transparency and Reporting

Climate Goals & Targets

Supply Chain Management

Responsible Procurement
  • Adherence to Tata Code of Conduct
  • Compliance with applicable laws and regulations

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO-14001, OHSAS-18001, ISO-45001

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:1711 tCO2e (Scope 1 & 2)
Renewable Energy Share:6.36%
Carbon Intensity:4.53 tCO2/INR Crores in FY 2022-23

ESG Focus Areas

  • Governance and Processes
  • Environment
  • Social

Environmental Achievements

  • Reduced carbon emissions by ~4,000 tons annually through solar power installations.
  • Recycled ~99% of water at facilities.
  • Reduced domestic water consumption from 38 liters/day/person to 28 liters/day/person.
  • Increased waste recycling by ~20% compared to FY22.

Social Achievements

  • 40,000 beneficiaries through CSR projects.
  • Zero fatalities.
  • Average employee training of 11 hours.

Governance Achievements

  • 1 Woman on the Board of Directors.
  • 2 Independent Directors.

Climate Goals & Targets

Long-term Goals:
  • Achieve Net Zero by 2045.
  • Become Water Positive by 2040.
Medium-term Goals:
  • Achieve 100% renewable energy by 2030.
  • Achieve water neutrality at all sites by 2030.
  • Achieve Zero liquid discharge (ZLD) at all sites by 2030.
  • Ensure Zero Waste to Landfill by 2030.
  • Achieve 50% female employees in workforce by 2030.
  • Impact 5 Lakh lives (Direct beneficiaries) positively through CSR initiatives by 2030.
Short-term Goals:
  • Reduce Scope 1 and Scope 2 emissions by 25% by 2030 (baseline 2020).
  • Increase renewable energy in the total energy mix by 20% by 2026 (baseline 2024).
  • Achieve domestic water consumption of less than 30 Liters/person/day by 2024.
  • Ensure 2x of recycled material in the total input material by 2025 (baseline 2020).
  • Achieve attrition of Hi-pot of 0% YoY.
  • Maintain voluntary attrition rate <10% YoY.
  • Achieve 10+ hours of training for each employee by 2026.
  • Maintain employee satisfaction score of greater than 90% by 2024.
  • Ensure 100% of employees receive human rights, Diversity & Inclusion training annually by 2024.
  • Reduce TAT to <60 days for POSH complaints by 2024.
  • Accelerate Annual Volunteering hours for staff employee to 8 hours by 2026.
  • Ensure 100% employees receive code of conduct and ESG training annually by 2024.
  • Reduce TAT to <45 days for TCoC complaints YoY.
  • Reduce TAT to <10 days for Customer complaints by 2027.
  • Maintain Customer satisfaction score of greater than 85% by 2024.
  • Target 2% of R&D spend on improving environmental and social impacts of product by 2025.
  • Assess 100% critical suppliers on ESG parameters by 2025.

Environmental Challenges

  • Scope 3 emissions reduction, particularly challenging in the automotive sector with a large and diverse supplier base.
  • Intermittency of renewable energy sources.
Mitigation Strategies
  • Implementing programs and initiatives for Scope 3 emissions categories.
  • Engaging with suppliers on emissions reduction disclosures and targets.
  • Exploring opportunities for purchasing carbon offsets and RECs, power purchase agreements for green power, and investing in prospective industrial carbon removal alternatives.
  • Installing Battery Energy Storage Systems (BESS) to address the intermittency of renewable energy.

Supply Chain Management

Supplier Audits: Targeting 100% assessment of critical suppliers by 2025

Responsible Procurement
  • Supplier Code of Conduct addressing Human Rights and Labor practices, Environmental standards, and Business Ethics.

Climate-Related Risks & Opportunities

Physical Risks
  • Heat waves
  • Longer warm seasons and shorter cold seasons
  • Extreme weather conditions impacting agriculture and human health
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Production of Battery Energy Storage Systems (BESS)

Reporting Standards

Frameworks Used: GRI Standards 2021, United Nations Sustainable Development Goals

Certifications: ISO 14001:2015, ISO 50001:2018, ISO 45001:2018, ISO 9001:2015, IATF 16949 First Edition, QS9000, ISO 27001

Sustainable Products & Innovation

  • Battery Energy Storage Systems (BESS)
  • Composites as replacement for conventional materials
  • Low-density products
  • Lightweight products
  • Green pigment products