ELIN ELECTRONICS LIMITED
Climate Impact & Sustainability Data (2022-2023, 2023-24)
Reporting Period: 2022-2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:2,166 MWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainability
- Environmental Stewardship
- Social Responsibility
- Employee Well-being
Environmental Achievements
- Reduced CO2 emissions by 231 metric tonnes
- Installed 40 solar lights around factory premises
- 80% reduction in waste generation by replacing paper corrugation with PP corrugation
- Implemented compostable sleeves, biodegradable bags, and eco-friendly paper packing, replacing single-use plastics
- Planted 19,875 trees
Social Achievements
- Implemented robust health-management initiatives including annual medical examinations, periodic tests, and mandatory Covid-19 vaccination
- Provided advanced safety measures, PPE usage, and regular OHS training
- Offered dedicated training of 1,340 hours (Goa Plant), 933.2 hours (Baddi Plant) and 1,846 hours (Ghaziabad Plant)
- Undertook meaningful social welfare initiatives promoting environmental preservation, health, education, livelihood, and community development
Governance Achievements
- Successful IPO and listing on BSE and NSE
- Established various committees including Audit Committee, Nomination and Remuneration Committee, Corporate Social Responsibility Committee, Stakeholder’s Relationship Committee, and Risk Management Committee
- Implemented a robust internal control system
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Transition remaining electricity consumption to solar energy by 2030 (estimated investment of ₹ 6 Crores)
Short-term Goals:
- Not disclosed
Environmental Challenges
- Consumption slowdown
- Fan regulation changes due to BEE norms
- Globalisation risk (competition from Chinese imports)
- Industry risk (stagnation or decline)
- Client concentration risk
- Regulatory risk
- Enhancing local value add
- Supply chain realignment
- Component manufacturing/lead time
Mitigation Strategies
- Diversified supply chain sources
- Continuous product innovation
- Diversified product portfolio
- Strategic partnerships and alliances
- New customer acquisitions
- Expanding into different market segments
- Monitoring and staying updated on regulatory changes
- Investing in advanced facilities
- Prioritising local sourcing of key components
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Partnered with suppliers using 100% recycled materials for packaging
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: ISO 9001:2015, ISO 14001:2015, IATF 16949:2016, ISO 26000
Certifications: ISO 9001:2015, ISO 14001:2015, IATF 16949:2016
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Best Supplier Quality Award
- Appreciation Award
- Regional Cooperation Award
- Bronze Supplier Award
- Certificate of Appreciation
- Excellence in Electronics
- Environment Management Excellence Award
- Silver Rating
- Customer First Award
- India SME 100 Awards
- Outstanding Performance Award
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:1049 tCO2e
Scope 1 Emissions:176 tCO2e
Scope 2 Emissions:873 tCO2e
Water Consumption:8700 KL/year
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced fresh water withdrawal from 11,015 KL in 2019 to 8,700 KL in 2023.
- Substituted non-biodegradable packaging with biodegradable options.
- Received residual waste disposal authorisation from Himachal Pradesh Pollution Control Board.
- Installed solar daylight pipe/light systems to reduce electricity consumption and carbon emissions.
- Total CO2 emissions in 2023-24: 10,49,000 kgs; Carbon offset by tree plantations: 12,93,600 kgs.
Social Achievements
- Implemented innovative programmes focused on skill enhancement, employee engagement, diversity and inclusion.
- Launched a role change programme to optimize workforce allocation and augment productivity.
- Nurtured internal talent through a rigorous assessment development programme.
- Employs over 150 women across various roles.
- Conducts regular medical examinations for employees, including specialized tests for those in hazardous activities.
- Provides safety precautions such as safety sensors, fencing barricades, and two-hand engaged operation systems.
Governance Achievements
- Upholds the highest standards of business ethics, transparency, and integrity, adhering to the Responsible Business Alliance (RBA) Code of Conduct.
- Formulated strict monitoring and enforcement procedures to ensure compliance with anti-corruption laws.
- Implemented a Corporate Risk Management Policy.
- Sanctioned a Board Diversity Policy.
Climate Goals & Targets
Long-term Goals:
- Become the leading and most preferred manufacturing company in its product line.
Medium-term Goals:
- Achieve robust growth in the fan segment, driven by both TPW and ceiling fans, including BLDC models.
Short-term Goals:
- Expand customer base and deepen relationships through strategic cross-selling and product development initiatives.
- Increase R&D competence in engineering, product, die and mould designing, electronic circuit designing, and prototype designing.
- Enhance ODM share of the business.
- Establish as a one-stop-shop facility with increased backward integration.
Environmental Challenges
- Decline in EBITDA and PAT due to negative operating leverage, driven by a marginal fall in revenue and rising costs.
- Challenges posed by the current macroeconomic environment for consumer durables and FMEG.
- Stiff competition from affordable Chinese imports.
- Potential stagnation or decline within the industry.
- Client concentration risk.
- Inability to comply with industry regulations and legal requirements.
- Shortage of skilled labor and competition from established players like China and Vietnam.
Mitigation Strategies
- Bolstering product development team to deliver innovative and high-quality products.
- Diversifying supply chain by exploring alternative markets and suppliers.
- Investing in product innovation to offer unique features and superior quality.
- Diversifying product portfolio to serve various market segments and industries.
- Investing in strategic partnerships and alliances.
- Acquiring new customers and expanding into different market segments.
- Building strong relationships with existing clients.
- Staying updated on changes in relevant regulations and compliance requirements.
- Engaging with regulatory authorities to ensure timely adherence.
Supply Chain Management
Responsible Procurement
- RBA Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Reduced energy costs and enhanced sustainability through investment in solar power captive consumption.
Reporting Standards
Frameworks Used: ISO 9001:2015, ISO 14001:2015, OHSAS-45001 Guidelines, SA-8000/2014, RBA Code of Conduct, ISO-26000
Certifications: ISO 9001:2015, ISO 14001:2015, TS: 16949:2016
UN Sustainable Development Goals
- Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Best Supplier Quality Award
- Certificate of Appreciation
- Regional Cooperation Award
- Bronze Supplier Award
- Certificate of Appreciation
- Winner of ELCINA-EFY ‘1st Prize’ in Environment Management Excellence Award
- Certificate of Gold (Second Prize)
- Silver Rating under Financial Support to MSMEs in ZED Certification Scheme
- Customer First Award
- Winner of ‘India SME 100 Awards’
- Appreciation Award
- Outstanding Performance Award