ESG Pragmatic approach to sustainable business
ESG stands for Environmental, Social and Governance. These are the 3 pillars in ESG framework. The goal of ESG is to capture all the non-financial risks and opportunities inherent to a company's day to day activities.
- E encompasses carbon emissions and climate change. Every company uses energy and resources thereby every company affects and is affected by the environment.
- S encompasses the relationships the company has and the reputation it fosters with people and the communities it does business in. This includes labour relations, diversity and inclusion, human rights and community engagement.
- G encompasses the internal system of practices, controls and procedures that the company adopts to govern, make effective decisions, comply with laws and meet the needs of external stakeholders.
ESG Governance
NCC Ltd has established a robust ESG governance framework to oversee its ESG initiatives by forming a dedicated ESG sub-committee of the Board. This Committee approves and monitors the progress of ESG initiatives and targets.
Composition of ESG Committee
| Name of Director | Position |
|---|---|
| Mr Ramesh Kailasam | Chairman |
| Dr A S Durga Prasad | Member |
| Mr A A V Ranga Raju | Member |
| Mr A G K Raju | Member |
NCC has taken up many activities under the ESG framework and few of the fully operational initiatives are mentioned hereunder:
- 160 KW Solar Plant, Hyderabad
- 80 KLD Sewerage Treatment Plant, Hyderabad
- Waste Convertor Plant, Hyderabad
- Water Harvesting Pond 1 with 8750 KL capacity, Hyderabad
- Water Harvesting Pond 2 with 11,200 KL capacity, Hyderabad
- ISO 9001,14001 & 45001 certifications
Targets implementation of the following:
Environmental (E)
- Annual plantation of 10,000 saplings.
- Installation of 398 KW Solar Plant by FY 2025-26.
- Exploring eco-friendly alternatives like waste converter plants, bio-medical waste management, water harvesting.
- Focus on LEED and GRIHA certifications.
- Target to procure 932 electric vehicles to reduce carbon emissions for the next 3 years.
- Installation of solar lights and replacement of refrigerant gas with R32 gas in phased manner.
- Set up of water meters at HO, in Central Work Shop (CWS) and Regional Work Shops (RWS) by FY 2024-25.
- Establishment of 100 KL Rainwater Harvesting pits and tanks in 5 sites by FY 2024-25.
Social (S)
- Reduction of Lost Time Injury Frequency Rate (LTIFR) of employees and workers to 0.25 and 1.68 respectively for FY 2024-25
- Increasing women employee strength to 4% by FY 2026-27
- Mandatory training of 2 man-days per employee per year by FY 2024-25 and 4 man-days per employee per year by FY 2025-26
- 30% of CSR spend to be on slum and rural development projects
- To impact about 70000 people through community engagement by FY 2024-25
Governance (G)
- Conduct company wide trainings on Cyber security
- Digitization in all functions.
- Training on a continuous basis to stakeholders
