Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable development
• Employee safety
• Quality products

Environmental Achievements

• Shop floor lighting standardized for LED lighting ONLY for existing and new plants at Future Tech and Climatech.
• Power consumption reduction of multi-spindle machines by optimizing circuits.
• Procurement of high efficiency motors for manufacturing machines.

Social Achievements

• Maintained cordial relationship with employees at all levels.
• Implemented Work from Home Policy to ensure the safety of employees post COVID 19 issue.
• Created awareness of COVID 19 among the employees through E-mails and educated employees on personal hygiene and precautions.

Governance Achievements

• Maintained the highest standards of Corporate Governance and adhered to the Corporate Governance requirements set out by SEBI.
• Established a Vigil Mechanism, which includes a Whistle Blower Policy, for its Directors and Employees.
• Carried out an Annual Evaluation of its own performance, performance of the Directors and the working of its Committees.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic led to unprecedented socioeconomic disruption worldwide.
• Nation-wide stringent lockdown imposed from 25th March 2020 brought economic activities to a standstill.
• Company’s operations were hit substantially from 25th March 2020.
• Fluctuation in Raw Material prices
• Disruption in supply chain due to the second wave of COVID-19

Mitigation Strategies

• Utilized the lockdown as an opportunity to make our business leaner, reducing various costs and improving operational efficiencies.
• Maintained sharp focus on all receivables and cash flows.
• Ensured that investments in newly seeded subsidiaries continued and successfully operationalized them during the year.
• Developing alternative sources of raw material as well as their supply chain to ensure timely delivery of goods at a minimal cost.
• Re-engineering production and rethinking avoidable costs while investing in R&D, e-Training and brand building.

Supply Chain Management

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO/TS 16949:2009, ISO 14001:2004, BS OHSAS 18001:2007

Third-party Assurance: Deloitte Haskins & Sells LLP

UN Sustainable Development Goals

• Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed