Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety and Well-Being
• Customer orientation and value creation for stakeholders
• Human Development and Human Rights in the Business
• Environmental
• Social
• Governance

Social Achievements

• Ensuring Zero Harm in workplace safety through hazard identification, mitigation plans, and regular safety trainings.

Governance Achievements

• Implementation of an anti-corruption and anti-bribery policy.

Climate Goals & Targets

Environmental Challenges

• Failure to ensure the health, safety and well-being of the Company’s workforce can impact productivity, business operations, customer satisfaction and profitability.

Mitigation Strategies

• The Company strives to foster a safe working environment and ensure Zero Harm. Hazards and risks are periodically identified, with mitigation plans devised for each. Additionally, safety trainings are provided to employees and workers on regular basis to ensure their holistic wellbeing.

Supply Chain Management

Supplier Audits: 80%

Responsible Procurement

• The vendors and customers are required to comply with the Health safety and Environment Manual of the Company.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate action
• Water and waste management
• Clean energy
• Socio-economic measures
• Health
• Continuous learning
• Skill development

Environmental Achievements

• Reduced GHG emissions (Specific figures not provided, but efforts mentioned)
• Responsible water management practices implemented
• Collaboration with authorized waste disposal facilities for reuse and recycling

Social Achievements

• Group medical insurance provided to employees
• Workmen's compensation policy implemented
• Various employee benefits offered (Higher Education Leave, Time off Leave, Paternity Leave)
• Training programs conducted (POSH, Diversity and Inclusion, Communication skills, etc.)
• No complaints registered regarding sexual harassment

Governance Achievements

• Established various Board Committees (Audit, Nomination & Remuneration, CSR, Stakeholders Relationship, Risk Management)
• Implemented organizational policies (Health, Safety & Environment, Risk Management, Whistleblower, Human Resource, CSR, Code of Conduct)
• Related party transactions reviewed and monitored regularly
• Policy and Procedure for enquiry in case of leak/suspected leak of Unpublished Price Sensitive Information (UPSI) implemented

Climate Goals & Targets

Environmental Challenges

• Environmental degradation and climate change
• Managing GHG emissions
• Supplier sustainability

Mitigation Strategies

• Company-wide HSE and SA policies implemented
• Efforts to optimize energy consumption and increase reliance on renewable energy
• Supplier sustainability programs to create awareness and build competencies

Supply Chain Management

Supplier Audits: 4 vendors screened for ESG criteria

Responsible Procurement

• Fair and transparent onboarding and management approach for vendors
• Performance in terms of Quality, Environmental, Health, and Safety (EHS) characteristics is one of the evaluation criteria
• Governance, ethics and compliance, fair business practices, labor and human rights, health and safety and environment are the parameters on which our suppliers are assessed

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

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

Environmental Metrics

ESG Focus Areas

• Climate change
• Water management
• Waste management
• Clean energy
• Employee well-being
• Skill development
• Community development
• Diversity & Inclusion
• Ethical conduct
• Regulatory compliance
• Transparency and reporting
• Data privacy and security

Environmental Achievements

• Reduced Scope 1 emissions (primarily from diesel consumption) to 1,479 Mt CO2e in FY23 from 1,009 tons of CO2 equivalent in FY22
• Scope 2 emissions from purchased electricity amounted to 93 Mt CO2e in FY23
• Scope 3 emissions linked to purchased goods and services, capital goods, fuel and energy, and waste generation reached 978.8 Mt CO2e in FY23

Social Achievements

• Launched the ‘VayuVeer’ program, providing six months of technical and on-the-job training to local youth, creating job opportunities.
• Provided group medical insurance and group personal accident policy to employees.
• Implemented a robust occupational health and safety management system.

Governance Achievements

• Established a robust internal financial control system.
• Implemented a Whistleblower Policy.
• Maintained a comprehensive governance framework including a Code of Conduct.

Climate Goals & Targets

Environmental Challenges

• High employee turnover ratio (27.9%).
• Slow uptake of advanced technologies (AI, ML).
• Overreliance on OEMs for spare parts and data.
• Challenges in land acquisition and transmission connectivity.
• High competition in the market.

Mitigation Strategies

• Investing in employee training and development programs.
• Implementing predictive maintenance strategies.
• Acquiring O&M businesses from distressed players.
• Developing alternative sourcing strategies.
• Prioritizing predictive maintenance practices.

Supply Chain Management

Supplier Audits: 26 vendors screened for ESG criteria in FY24

Responsible Procurement

• Evaluating supplier performance based on Quality, Environmental, Health, and Safety (EHS) criteria.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN SDGs

Certifications: ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Ernst & Young Associates LLP