Shyam Metalics and Energy Limited
Climate Impact & Sustainability Data (2021-2022, 2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2021-2022
Environmental Metrics
Renewable Energy Share:80%
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced water consumption by recycling and reusing water
- Manufactured fly ash bricks through various industrial wastes
- Commissioned floating solar plant of 1.23 MW capacity
Social Achievements
- Yearly Eye & Medical Camp for Villagers
- Free Ambulance & Drinking Water Services for villagers
- Women Empowerment
Governance Achievements
- Appointed Growlity Inc., management consultants for a comprehensive diagnostic study on ESG fundamentals
Climate Goals & Targets
Environmental Challenges
- Global supply chain disruptions
- Geo-political tensions
- Pandemic related restrictions
Mitigation Strategies
- Focus on operational excellence
- Marketing strategies
- Enhanced safety and hygiene norms at offices
- Implemented work from home
- Staggered shift timings
Supply Chain Management
Responsible Procurement
- Long-term agreements with suppliers
- Focus on procuring materials from local areas
Climate-Related Risks & Opportunities
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:4671629.94 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:4671629.94 tCO2e/year
Scope 2 Emissions:474325.39 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0%
Total Energy Consumption:322,71,026.91 GJ/year
Water Consumption:85,84,945 kl/year
Waste Generated:282256.88 tons/year
Carbon Intensity:3.18 tCO2e/ton (Scope 1 & 2)
ESG Focus Areas
- Ethical, Transparent and Accountable Business Conduct
- Sustainable and Safe Goods and Services
- Employee Well-being
- Stakeholder Engagement
- Human Rights
- Environmental Protection
- Responsible Policy Engagement
- Inclusive Growth
- Responsible Consumer Engagement
Environmental Achievements
- Implemented Zero Liquid Discharge principle
- Reduced specific energy consumption under PAT scheme
Social Achievements
- Implemented occupational health and safety management system covering 100% of employees and workers
- Provided training on health and safety measures and skill upgradation to 100% of employees and workers
Governance Achievements
- Established a robust Grievance Redressal process
- Implemented anti-corruption and anti-bribery policies
Climate Goals & Targets
Long-term Goals:
- Setting targets for Sustainability KPIs related to climate change, energy, water, waste, air emissions and biodiversity for short term (2030) and long term (2050) goals.
Medium-term Goals:
- Setting targets for Sustainability KPIs related to climate change, energy, water, waste, air emissions and biodiversity for short term (2030) and long term (2050) goals.
Short-term Goals:
- Not disclosed
Environmental Challenges
- Environmental Impact Assessment
- Anti-corruption practices
- Health & safety of employees
- GHG emissions and climate change
- Sustainability in the supply chain
- Water and effluents
- Air pollution
Mitigation Strategies
- The financial implications related to risk and opportunity will be worked out by the company in due course of time
- Company has ‘zero tolerance’ of any practice that may be classified as corruption, bribery or giving or receipt of bribes
- Systematic risk management process to identify and control all the hazards
- Shifting towards renewable sources of energy
- Sustainable sourcing policy in progress
- Waste Water Treatment Plants
- Regular safety audits and corrective actions
Supply Chain Management
Supplier Audits: Periodic inspections of material value chain partners are performed.
Responsible Procurement
- Sustainable sourcing policy in progress
- Supplier/Vendor Code of Conduct (SCoC) in progress
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Certifications: ISO 9001, ISO 14001, ISO 45001
Third-party Assurance: Cleenviron and Envomin Consultant Pvt. Ltd (partial)
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:41,78,180.58 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:37,29,472.08 tCO2e/year
Scope 2 Emissions:4,48,708.4985 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:3.84% of total energy use
Total Energy Consumption:2,19,49,229.27 GJ/year
Water Consumption:56,22,817 kl/year
Waste Generated:52,233.36 tons/year
Carbon Intensity:0.476 tCO2e/ton (Scope 1 & 2)
ESG Focus Areas
- Climate Change
- Energy
- Water
- Waste
- Air Emissions
- Biodiversity
- Health & Safety
- Community Development
- Human Rights
- Supplier Sustainability
- Responsible Business Conduct
Environmental Achievements
- Reduced CO2 emissions by 12.5 Lacs Kg annually through solarization project (1.085 MWp)
- Implemented Zero Liquid Discharge (ZLD) in all plants
- Investment in emission control technology
Social Achievements
- Launched various employee well-being programs (health insurance, accident insurance, maternity benefits etc.)
- Implemented robust grievance redressal mechanisms for employees and workers
- CSR initiatives benefiting 130000+ persons
Governance Achievements
- Established several Board committees responsible for sustainability (CSR, Risk Management, Stakeholder Relationship, Audit, Nomination & Remuneration)
- Implemented Anti-Corruption and Anti-Bribery Policy
- Regular audits by internal auditors and regulatory bodies
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- GHG emissions and climate change
- Water resource management
- Air pollution
- Supply chain sustainability
- Corruption
- Health & safety of employees and workers
Mitigation Strategies
- Solarization project
- Emission control technologies
- Zero Liquid Discharge (ZLD)
- Water conservation techniques
- Robust occupational health and safety management system (ISO 45001)
- Anti-corruption and anti-bribery policy
- Sustainable sourcing policy (under development)
- Supplier audits
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier/Vendor Code of Conduct (SCoC)
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Resource scarcity
Transition Risks
- Regulatory changes
- Market shifts
- Reputational damage
Opportunities
- Development of energy-efficient products
- Renewable energy investments
Reporting Standards
Frameworks Used: Null
Certifications: ISO 9001, ISO 14001, ISO 45001, BIS Registration IS 1786 TMT, BIS Registration IS 2830 Billet, Green Pro certification of TMT & Structural Products
Third-party Assurance: Not Applicable
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- GreenPro certification