BPL Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
ESG Focus Areas
- Water and Sanitation
- Clean Energy
- Responsible Consumption and Production
- Life on Land
Environmental Achievements
- Reduce, Reuse and Recycle water
- Phased implementation of solar energy
- E-waste management
- Go green initiatives
Governance Achievements
- Established a Sexual Harassment Policy in line with the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality
Environmental Challenges
- Supply chain disruptions
- Dependence on imported components
- Regulatory challenges
- Intense global competition
- Need for skilled labor
- Fluctuations in currency exchange rates
- Evolving consumer preferences
- High import duties and strict localization norms
- Lack of a robust ecosystem of companies locally manufacturing components
- Inefficient supply chain for raw materials
- Small scale of Indian companies compared to global firms
- High capex business with poor ROI
Mitigation Strategies
- Cost optimization activities
- Effective reuse of water through ETP and rainwater harvesting processes
- Investment in upgrading manufacturing facilities
- IATF certification
- Discussions with global electronics manufacturers
- Strategy to work with specific lighting companies
- Investment in high-end Automated Optical Inspection equipment
- Risk Management Committee evaluates and recommends risk mitigation plans
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
ESG Focus Areas
- Sustainability
- Clean water and sanitation
- Affordable & Clean Energy
- Responsible consumption & Production
- Ethical Standards
- Local Area Development & Corporate Social Responsibility
Environmental Achievements
- Reduced external dependencies through Rainwater harvesting and increased reuse of treated water
- Initiated investments in solar energy (350 kWp solar PV rooftop solution planned)
- Fully functional and compliant emission treatment plant and sewage treatment plant installed
Social Achievements
- Sustained work with local schools and panchayats to drive education and employability
- Annualized attrition rate of approximately 9%
Governance Achievements
- Implemented Enterprise Resource Planning (ERP) in Jan 2024
- Obtained International Automotive Task Force (IATF) Certification
- Annual Board evaluation process undertaken
Climate Goals & Targets
Long-term Goals:
- Lead the industry by adopting eco-friendly practices in PCB manufacturing
Medium-term Goals:
- Invest in advanced multilayer PCB technology to cater to high-end segment
Short-term Goals:
- Increase market share in Automotive and Power Conversion sectors
Environmental Challenges
- Electronic Market Slump
- Geopolitical Situation (China border conflict)
- Increasing competition from Chinese giants
- Changes in Business dynamics due to Technology disruption
- Disruption in Manufacturing Processes or material
- Lower barriers to entry
- Limited volume growth in single-side segments
- Non-availability of skilled manpower
- Credit Risk
- Inadequate profits for preference share redemption
Mitigation Strategies
- Focused sales approach towards acquiring Automotive and Power Conversion Segments
- Strengthened position in automotive and power conversion segments through IATF certification, AOI machine, improved manufacturing process, and Class 100k clean room
- Increased penetration in Northern Region by appointing a sales team
- Investing in advanced multilayer PCB technology
- Adapting AI technology to monitor production parameters
- Exploring possible methods for redemption of Preference Shares
- Exploring possibility of issuing fresh convertible preference shares
Supply Chain Management
Responsible Procurement
- Comprehensive process to identify raw material suppliers meeting BPL standards