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 Power Plant at CWS, Shankarpally, Hyderabad
- 80 KLD Sewerage Treatment Plant at CWS, Shankarpally, Hyderabad
- Waste Convertor Plant at CWS, Shankarpally, Hyderabad
- Water Harvesting Ponds with 8750 KL and 11,200 KL capacity at CWS, Shankarpally, Hyderabad
- Water Harvesting Pond with 31,000 KL capacity at RWS, Bhubaneswar
- 6 Rainwater Harvesting pits with total capacity of 48 KL at CWS, Shankarpally, Hyderabad
- ISO 9001,14001 & 45001 certifications
Targets implementation of the following:
Environmental (E)
- Annual plantation of 10,000 saplings.
- Installation of 250 KW Solar Power 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.
- To increase Electric Vehicles (EVs) in our fleet to reduce carbon emissions.
- Installation of solar lights and replacement of refrigerant gas with R32 gas in phased manner.
- Set up of water meters at HO, in Central Workshop (CWS) & Regional Workshops (RWS) and for major Sites by FY 2025-26.
- Establishment of 120 KL Rainwater Harvesting pits and tanks in 5 Sites by FY 2025-26
Social (S)
- Reduction of Lost Time Injury Frequency Rate (LTIFR) of employees and workers to 0.23 and 1.60 respectively for FY 2025-26
- Increasing women employee strength to 4% by FY 2026-27
- Mandatory training of 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 80,000 people through community engagement for FY 2025-2
Governance (G)
- Conduct company wide trainings on Cyber security
- Digitization in all functions
- Training on a continuous basis to stakeholder
- 18 Internal Complaints Committees (ICCs) have been constituted under POSH Act, 2013 and meeting training requirements
