Climate Change Data

Happiest Minds Technologies Private Limited

Climate Impact & Sustainability Data (2022-23, 2023-24)

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:2432.32 tCO2e per million rupees of turnover
Scope 1 Emissions:57.37 tCO2e
Scope 2 Emissions:2374.95 tCO2e
Total Energy Consumption:12262.49 GJ
Water Consumption:4,173 kilolitres
Waste Generated:50.90 metric tonnes

ESG Focus Areas

  • Carbon Neutrality
  • Sustainable Power Usage & Water Conservation
  • Community Involvement
  • Employee Well-being
  • Diversity & Inclusion

Environmental Achievements

  • Installed solar power with a peak capacity of 183kWh at Madivala campus to reduce grid energy consumption.

Social Achievements

  • Achieved Great Place to Work® certifications among the top 10 ‘India’s Best Workplaces in Health and Wellness 2022’
  • Implemented various wellbeing initiatives including Mindfulness Training, HappiZest, and Mithra - the Good Samaritan Counselling Programme.

Governance Achievements

  • Established an ESG Committee responsible for decision-making on sustainability-related issues.
  • Implemented an anti-bribery policy covered under clause 5.1 of the Integrity Policy.

Climate Goals & Targets

Medium-term Goals:
  • Achieve carbon neutrality in the Company’s operation by 2030.

Environmental Challenges

  • Reducing Scope 1 and 2 greenhouse gas emissions and achieving carbon neutrality by 2030.
Mitigation Strategies
  • Implemented various projects and initiatives to reduce GHG emissions, including the installation of solar power.

Supply Chain Management

Responsible Procurement
  • Sustainable sourcing policy, vendor code of conduct, and a value system sustainability framework

Climate-Related Risks & Opportunities

Awards & Recognition

  • Great Place to Work® certifications among the top 10 ‘India’s Best Workplaces in Health and Wellness 2022’

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:4084 MTCO2e
Scope 1 Emissions:1242 MTCO2e
Scope 2 Emissions:2842 MTCO2e
Scope 3 Emissions:3295 MTCO2e
Renewable Energy Share:10%
Total Energy Consumption:39,69,007 kWh
Water Consumption:9204.206 KL
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Governance
  • Community Engagement
  • Supply Chain Sustainability

Environmental Achievements

  • Solar Power Generation of 1,773.21 Giga Joules
  • Zero Liquid Discharge at all facilities
  • Electronic Waste recycling - 1.5 Metric Tons
  • Construction and Demolition Waste diverted from landfills - 82.5 Metric Tons
  • Non-Hazardous Waste reduction - 3.96 Metric Tons
  • 10% renewable energy utilization

Social Achievements

  • Donated 15,23,743 meals to the Akshaya Patra Foundation (total 10 million meals)
  • Implemented various initiatives to improve employee well-being, including mindfulness programs, MITHRA (Good Samaritan Program), and various wellness programs.
  • 27.7% Gender Diversity
  • Launched 'Rekindle Your Dreams' program for women re-entering the workforce

Governance Achievements

  • Established an ESG Committee
  • 50% of the Board of Directors comprises Independent Directors
  • Implemented robust data privacy and security measures, including ISO 27701 certification
  • Implemented various policies including Anti-Bribery and Anti-Corruption Policy, Integrity Policy, Whistle-Blower Policy, and Grievance Resolution Policy.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve carbon neutrality by 2030
  • Ensure 50% of suppliers adhere to sustainability standards by 2027
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Climate change risks potentially affecting business growth
  • Supply chain sustainability challenges
Mitigation Strategies
  • Transitioning to renewable energy (aiming for 100% by 2030)
  • Implementing carbon reduction initiatives
  • Working towards ensuring 50% of suppliers adhere to sustainability standards by 2027
  • Conducting supplier due diligence and audits

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Vendor code of conduct emphasizing ethical and sustainable sourcing
  • Green sourcing (21% of products and services)

Climate-Related Risks & Opportunities

Physical Risks
  • Droughts, heat waves, floods
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, Business Responsibility & Sustainability Reporting (BRSR), Science-Based Target initiative (SBTi), Climate Pledge, Ecovadis, Carbon Disclosure Project (CDP)

Certifications: ISO 27701

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • UN SDG 7: Affordable and Clean Energy
  • UN SDG 13: Climate Action

Various initiatives contribute to these goals, including renewable energy adoption, tree planting, and rural electrification.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • 'ESG Champions of India 2024’ by Dun & Bradstreet