Harsha Engineers International Limited's 2023-24 Sustainability Report Highlights Commitment to ESG Principles

Harsha Engineers International Limited has come out with its Business Responsibility and Sustainability Report for the financial year 2023-24. It is, in effect, a statement of HEIL's commitment to inculcate ESG practices into its core operations as part of its commitment towards sustainable development. This report forms part of the HEIL's overall transparency undertaking and is in adherence to the Global Reporting Initiative's Universal Standards, 2021, thereby ensuring that the reporting is based on globally recognized frameworks. The 2023-24 BRSR mirrors the initiatives of HEIL in sustainability about environmental management, employee well-being, and corporate governance. Initiatives addressing the ecological footprint of the group with serious investments in renewable energy and water management systems will help maximize its green credentials. With a commitment to carbon neutrality by 2030 and net zero by 2050, HEIL has been doing its bit to keep the ever-rising global temperatures under check. It has reduced carbon emissions by 45% and increased the share of renewable resources in its energy mix to 47.52%. HEIL has also focused much on the welfare of its employees alongside environmental sustainability. It is observed that 100% of permanent employees and workers have been covered under health and accident insurance; the company has paid more attention to maternal and paternal leaves. Health and safety management systems are comprehensively implemented with regular safety training and hazard assessments for a safe working environment. These efforts underline HEIL's commitment to making a supportive, secure work environment. Another important aspect upon which the report lays focus is the commitment of HEIL toward ethical governance. The company has constituted a management committee on ESG, which shall be responsible for managing its sustainability efforts. This shall involve compliance with regulatory requirements and maintenance of high corporate conduct. It also brought to the fore that HEIL has been taking steps towards enhancing diversity and inclusion at the workplace, with women comprising 20 percent of its Board of Directors and 14 percent of its key management personnel. The report also includes HEIL's product lifecycle management, the company's sourcing practices concerning sustainability, and its waste management policies. The company has established a supplier code of conduct to ensure its materials are sustainably and ethically sourced. Besides, HEIL has taken responsible care in waste management, ensuring plastics, e-waste, hazardous wastes, and other articles are recycled or disposed of in an environmentally friendly manner. Conclusion: The 2023-24 BRSR of Harsha Engineers International Limited showcases its continued commitment to sustainability and responsible business practices. HEIL presents an exemplary performance in the industry through its rigorous attention to environmental stewardship, employee well-being, and ethical governance. While the company strengthens its ESG initiatives further, it is well-poised to make a meaningful contribution toward global goals on sustainability, thereby generating long-term value for its stakeholders. Source: BRSR Credit: Harsha Engineers International Limited