OUR SUSTAINABILITY FRAMEWORK
We are engaged in reinforcing our sustainable and inclusive actions in many ways. Our dedication to doing business responsibly and creating shared value is an integral part of our framework. We have embarked on a comprehensive and insight-driven journey to simplify and strengthen our sustainability approach and enable a focussed execution and impact.
1
Sustainability committee at Corporate level
2
Committee reporting to Board twice in a year
3
Plant level sub-committees reporting to Corporate Sustainability Committee
4
Quarterly meetings at plants and corporate
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Corporate Sustainability & Excellence team to drive ESG initiatives across KBL Group of Companies. Annual and Long range plans along with sustainability roadmap prepared
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ESG dashboard with commitments, goals and targets shall be reviewed by committee
The challenges we face as a society are inter-connected: climate change, social inequity, declining bio-diversity, and the need for clean water and air. We are working at the intersection of sustainability, culture and accountability to encourage new thinking and to advance the ESG issues that matter to our customers, communities and employees.
Environmental
Climate Change
Short-term Goal
- Prioritising energy efficiency and embracing deployment of alternate sources of energy
- GHG Scope 3 emission inventorisation and monitoring
- Carbon Net Zero roadmap finalisation
Long-term Goal
- Dedicated to implement strategies contributing to a low-carbon future and a positive environmental impact
- GHG Scope 1 & 2 emission reduction by 50%
- Achieve milestones of the Carbon Net Zero roadmap
Energy Management
Short-term Goal
- Installation of online energy monitoring system at all plants
- Implementing energy conservation and energy saving initiatives
Long-term Goal
- Enhance RE contribution in energy consumption up to 70%
- Reduction in Specific Energy consumption by 10%
Biodiversity
Short-term Goal
- Ensuring maximum greenbelt coverage at manufacturing plants
- Greenbelt and Biodiversity assessment in two plants
- Monitoring tree inventory
Long-term Goal
- Contributing to preservation and restoration of ecosystems and promoting a healthier and more sustainable planet
- Conducting biodiversity assessment for all plants
- Carbon sequestration
- Best practices of flora and fauna
Water
Short-term Goal
- Implementing rainwater collection systems across plant locations
- Recycling of wastewater or effluent generated to achieve Zero Liquid Discharge
- Water feasibility study/footprint assessment in two plants
Long-term Goal
- Employing a robust Water Management strategy for conservation, reuse and recycling of water to move towards becoming water neutral
- Water footprint assessment for all plants
- Measurement of rainwater harvesting/groundwater recharge
- Implementing best practices to improve water recycling >50%
Waste Management
Short-term Goal
- Minimising plastic usage and waste generation and encouraging value chain partners to follow waste management practices
- Waste management assessment in two plants
Long-term Goal
- Embracing the principles of a circular economy with strong emphasis on recycling to move towards ensuring zero waste to landfill
- Waste management assessment for all plants
- Implementing best practices to improve recycling of material >10%
SOCIAL
Workforce diversity
Short-term Goal
- Focussing on gender equality and women empowerment
Long-term Goal
- Enhancing diversity in the workplace through focussed initiatives and operational processes for a thriving workplace; extending diversity and inclusion in the hiring process; cultivating a more comprehensive approach for intersectional and cultural diversity; implementing training sessions using interactive methods like real-life scenarios
Community development
Short-term Goal
- Focussing on improving health of people living in and around the manufacturing facilities
Long-term Goal
- Enacting positive change in the society by executing CSR activities with wide-reaching efforts and maintaining a positive connect with communities at all levels of the society
GOVERNANCE
Certification
Short-term Goal
- LAKAKI Business Excellence Assessment (Group-level initiative)
- Energy Conservation (ENCON) Assessment (Group-level Initiative)
- TPM second stage certification for Dewas and Kirloskarvadi plants
Long-term Goal
- CII GreenCo Platinum Certification for manufacturing plants
- To achieve TPM world-class award
Technology
Short-term Goal
- Installation of a new assembly line for submersible pump sets for drainage and dewatering services
- Digital viscometers to avoid manual measurement of viscosity of paints and other solvents
- Feature enhancement along with automation of performance testing facilities at Dewas and Kaniyur plants
Long-term Goal
- Upgradation of pump performance testing set-ups for medium and large pumps at Kirloskarvadi
- Remote multiple pump monitoring and diagnostic tool
Research & Development
Short-term Goal
- New R&D lab for pump testing at Kirloskarvadi and upgradation of existing R&D lab for pump testing at Dewas
- Development of canned motor pumps for Navy application, pumps for flue gas desulphurisation slurry application, high efficiency end suction DBxe pumps in stainless steel, slurry pumps and large submersible pumps for wastewater and disaster management
Long-term Goal
- Development of high-performance butterfly valves, centric butterfly valves and floating ball valves
- Development of vertical inline pumps for HVAC application, energy-efficient borewell submersible pumps
- Development of high-efficient and ultra-premium efficient electric motors
