The report will reflect the firm’s operations using an annual value from the fiscal year 2023-24, thus ensuring continued sustainability, regulatory compliance, and good corporate governance through different initiatives on environmental management, the welfare of employees, and ongoing efforts to reduce operational risks.
Currently, problems concerning operational performance tend to align with global sustainability trends being adopted by the firm and focus on growth with improving efficiency.
Corporate Overview
The corporate segment of the report indicates EMS Limited’s concern for doing the right thing in business. In its quest to achieve environmental compliance, EMS Limited has established an enabling proactive measure in developing its system of risk management related to its operations. It is noted that it does not have any ecologically sensitive operational projects, but it respects the value of preserving the environment and increasing its efficiency in operations as well as corporate compliance. There is also information on the operation that EMS Limited maintains on issues of governance and its commitment to ethical operation.
Statutory Reports and Reporting Boundaries
The report provides contact details of key executives at EMS Limited, notably Mr. Ashish Tomar, Managing Director & CFO, as the primary contact point for the report. The disclosure under this report is on a standalone basis, wherein no consolidation has been applied for this report from any other entity, and the company did not avail the services of external assurance providers in developing the report, thereby making it based purely on assessments by the organization itself.
Principle 8: Inclusive Growth and Development
In terms of social impact, no projects undertaken by EMS Limited warranted SIA under current regulatory standards. This report includes no ongoing rehabilitation or resettlement projects; hence, it presents a direct reflection of the company’s operational footprint in the surrounding communities. Though there exists no stipulated need for an SIA based on the regulatory requirements, EMS Limited still monitors its influence on local communities and keeps looking into ways it can support inclusive growth and development.
Environmental Management Practice
EMS Ltd.’s environmental management practices remain developing. The company is candid enough to admit that, to date, it does not have a ZLD system in place but intends to implement one in the future. So far, the company has yet to undertake systematic evaluations of air emissions, including critical pollutants such as NOx, SOx, and particulate matter. This shows a gap in the area EMS Limited will give more attention to as part of its sustainability strategy in the future.
Some material issues were recognized in the reporting period. It was known to have significant environmental effects in terms of project development, which would be exposed to local ecosystem disruption and eventual regulatory compliance. Conversely, EMS Limited sees technology and innovation as open opportunities for changes to be made in its business operations to become more productive and cost-efficient, particularly in its sustainability efforts. Employee Well-being and Health Insurance
EMS Limited has a keen strategic interest in the welfare of its employees.
The report continues, indicating that 100% of the permanent male employees of the company enjoy health insurance; therefore, the company concerns itself with the health status of the workers. However, apart from health insurance, there were no other fringe employee benefits, and this might be viewed as an area the company needs to develop shortly.
Waste Management and Scope 3 emissions
The company does not have a defined policy on waste management but is reviewing its operations to come up with a holistic waste management policy. It reflects that there are areas in EMS Limited that consider waste management to be in a state that requires more efforts toward sustainability.
In respect to the greenhouse gas emissions, EMS Limited recorded an increase in Scope 3 emissions. This proved to be 0.016 metric tons of CO2 equivalent. It is therefore in the interest of companies to track such indirect emissions arising from supply chains and other related ones. EMS Limited intends to measure and control these emissions soon.
Ecological Sensitivity
One of the most comforting facts that can be gleaned from the report is that EMS Limited does not operate close to ecologically sensitive areas. This means less exposure to regulatory issues and even the risks of pollution for the company around sensitive ecosystems. While this certainly diminishes the company’s current pollution footprint, EMS Limited still knows it has to keep its vigilance level high concerning its operational practices to never trade in its environmental compliance status.
Conclusion and Future Aims
The Annual Report 2023-24 of EMS Limited helps identify the company’s concentration on sustainability in operations. It is cutting its carbon footprint and improving the health of its employees. Though there are still areas of improvement where defining proper processes for waste management and analyzing air emissions will be necessary, it is beyond doubt that EMS Limited is ready to take on future challenges head-on. This concentration on innovation and technology shall surely be an essential factor in streamlining operations with lower cost efficiency, but adherence to sustainability would indeed also be practiced.
As EMS Limited moves forward into the future, it is expected to tighten its environmental policies, draft strategies on waste management, and further promote employee benefits. By doing so, the company will continue to portray that it is a responsive and forward-thinking player in its industry.
Source: BRSR
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