Jupiter Wagons Limited
Climate Impact & Sustainability Data (2022-03 to 2023-03, 2023-24)
Reporting Period: 2022-03 to 2023-03
Environmental Metrics
Total Carbon Emissions:10178.25 tCO2e/year
Scope 1 Emissions:5346.63 tCO2e/year
Scope 2 Emissions:4831.62 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0%
Total Energy Consumption:Not disclosed
Water Consumption:7726 kl/year
Waste Generated:8.021 tons/year
Carbon Intensity:4.92 tCO2-e/lakh INR
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Corporate Governance
Environmental Achievements
- Implemented LED lighting throughout Plants and Offices to conserve energy
- Introduced gas fired heat treatment furnace reducing demands on heat power and fossil fuels
- Finalized contracts to install Solar Power Generation facility
Social Achievements
- Promoting quality education in remote areas
- Aiding children's higher education and providing transportation
- Prioritizing preventive healthcare via awareness and check-ups
- Eradication of hunger, poverty, and malnutrition through food, supplements, clothing, organising eye camps and blood donation camps
Governance Achievements
- Successfully completed Qualified Institutional Placement (QIP) of ₹ 12,500 lakhs
- Recommended a dividend of ₹ 0.50 per share of a face value of ₹ 10
- Implemented a comprehensive Code of Conduct for the Board of Directors and Senior Management
Climate Goals & Targets
Long-term Goals:
- Become a leading player in India's commercial electric vehicle segment
Medium-term Goals:
- Target a market share of 20% in railway brakes market within the next 3-4 years
Short-term Goals:
- Generate revenue of ₹ 5 billion from brake business by FY25
Environmental Challenges
- Dependence on Railways as a major customer
- Cyclicality of the commercial vehicle industry
- Delays in execution of orders
- Raw material costs fluctuation
- Competition from other suppliers
- Increase in interest rate/cost
Mitigation Strategies
- Developing wagons for private operators
- Rationalising production capacities
- Increasing revenue from other businesses
- Centralising steel procurement
- Working closely with select OEMs
- Tightening working capital
Supply Chain Management
Supplier Audits: 70%
Responsible Procurement
- Procurement procedures outlined by the Research Designs and Standards Organization (RDSO)
- Adherence to the G-105 certification of the Indian Railways
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Supply chain disruptions
Transition Risks
- Regulatory changes
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: null
Certifications: ISO 9001:2015, ISO 14001:2004, ISO 45001:2018
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:47,742 tCO2e (Scope 1 & 2)
Scope 1 Emissions:10,887 tCO2e
Scope 2 Emissions:36,855 tCO2e
Scope 3 Emissions:1,118,082 tCO2e
Renewable Energy Share:0%
Total Energy Consumption:273,641 GJ
Water Consumption:25,011 KL
Waste Generated:11,462.46 MT
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Stewardship
- Social Responsibility
- Corporate Governance
Environmental Achievements
- Implemented energy-efficient technologies (advanced machinery, LED lighting), resulting in improved power factor from 79% to 98%
- Utilized metal scraps and used sand in production
- Established Sewage Treatment Plants (STPs) at plant level
- Commenced GHG inventory (scopes 1, 2 & 3)
Social Achievements
- Provided occupational health and safety trainings to all workers
- Established Internal Complaints Committee to address sexual harassment and human rights related grievances
- CSR initiatives in sports and health, training and development programs for employees
Governance Achievements
- BRSR Committee oversees ESG agenda and provides strategic direction
- Developed IT and cyber security policy
- Developed BRSR policy and HR policy covering anti-corruption and anti-bribery
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- GHG emissions and energy management (energy-intensive processes, regulatory pressures, climate-related events)
- Waste management & circular economy (significant waste generation, regulatory challenges)
- Human rights (failure to comply with statutory norms)
- Occupational health and safety (hazards in manufacturing processes)
- Risk management (product quality, supply chain disruptions, regulatory non-compliance)
- IT & Cyber Security (data breaches, cyber threats)
Mitigation Strategies
- Developed BRSR policy and committed to energy saving initiatives
- Utilized latest energy-efficient technologies
- Commenced GHG inventory
- Implemented effective waste management practices (metal scrap and used sand reuse, authorized recyclers)
- Prohibited child and forced labor, established Internal Complaints Committee
- Developed systems and procedures to identify potential health and safety hazards, provided safety training
- Developed IT and cyber security policy, implemented measures like device control, content aware protection, enforced encryption and e-discovery
Supply Chain Management
Supplier Audits: In process
Responsible Procurement
- Adherence to RDSO guidelines, G-105 certification, evaluation of health and safety standards of potential supply chain partners
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events damaging facilities, disrupting supply chains
Transition Risks
- Regulatory pressures to reduce emissions, energy price volatility
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: NGRBC
Certifications: ISO 45001 (3 out of 6 plants), ISO 14001, ISO 9001
Third-party Assurance: Not Applicable
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed