Subros Limited, an integrated player in the auto components sector, today released its Business Responsibility and Sustainability Report for the financial year 2023–24. The report brings out the commitment of Subros to incorporating sustainability at the core operation and management level, with a definite thrust on environmental management, social and employee welfare issues, and ethical business practices. Being one of the critical suppliers of thermal products to OEMs in the automotive industry, Subros has been proactive in providing solutions for sustainability according to the existing global environmental norms.
The sustainability approach of Subros is as follows:
Environment Management: There are several ways in which Subros has adopted to minimize the environmental impact. The company is committed to its plans on managing energy up to the adoption of such renewable sources of energy by FY 2023–24, with solar power being a hallmark achievement for the company. The company has also focused on matching reduced greenhouse gas emissions with manufacturing process upgrades and the adoption of cleaner technologies. Energy-saving systems have helped Subros achieve huge savings in energy in manufacturing plants, thus reducing its carbon footprint.
Water and Waste Management: In terms of water conservation and waste management, the company has made great strides. Subros maintains a zero liquid discharge policy that guarantees no wastewater shall leave the facility without being rendered biologically and chemically harmless. The company has also optimized its water usage across all its facilities, with a notable decrease in water consumption for every unit of production. Subros has also adopted a full-fledged waste management practice based on recycling and reuse of the same. The company has achieved a lower generation of hazardous waste and higher recycling of nontechnical hazardous waste, thus causing minimum damage to the environment.
Employee Welfare: Subros is committed to the welfare of its employees. The company has implemented an Occupational Health and Safety Management System (OHSMS) certified to ISO 45001 standards. All employees are covered under this system, which provides for periodic health check-ups, safety training, the issuance of protective equipment, and the need for personal protective equipment. Subros also upholds the tenet of a safe working environment by regularly conducting safety drills and awareness programs. Its resolutions in this direction have an excellent record of few incidents and high employee contentment.
Corporate Governance: Subros practices proper corporate governance, with adequate disclosure and accountability and a commitment to proper conduct. The company has a Code of Conduct and Ethics, by which the work of all the company’s employees and stakeholders is governed. The policies cover the areas of anti-corruption policies, conflict of interest, and observance of the requirements of the company. Subros has also put in place a strong mechanism of grievance redressal to address the issues brought up by employees or other stakeholders. It ensures that every issue raised is attended to immediately and justly.
Supply Chain Management: Subros has been particularly focused on developing a sustainable and robust supply chain. Great effort is placed by the company in conducting frequent audits of suppliers to see if they adhere to ESG values. This includes sustainable sourcing material and working jointly with suppliers on their ESG performance. This strategy was adopted by the company to maintain its competitive advantage and to be an important contributor to the overall sustainability of the automotive industry.
Conclusion
Subros Limited’s BRSR, 2023-24, underpins the company’s credence in sustainability and responsible business. With a clear focus on managing environmental engagement related to its workforce and management, governance concerning its workforce, and responsible procurement practices, Subros is driving the automotive component sector actively in the direction of a sustainable venture. The proactive approach of the company to managing ESG-related risks and opportunities underlines its commitment to long-term growth coupled with a positive social impact.
Source: BRSR
Credit: Subros Limited