Syrma SGS Technology Limited is one of the leading Electronics Manufacturing Services providers. It has released the Business Responsibility and Sustainability Report for FY 2023-24, which lays down the synergy between business and sustainability.
Syrma SGS Technology Limited has improved in terms of sustainability through the reduction of greenhouse gas emissions, e-waste management, and enhancement of energy efficiency. It has set up some short-term targets regarding the same: a 25% reduction in GHG emissions in five years and an increase in the share of renewable energy to 50% by the year 2028. These are in tandem with the international targets prescribed for sustainable development and prove the responsible business conduct of the company.
The different aspects of sustainability that the report addresses relate to energy management, waste reduction, and employee welfare concerns. Syrma SGS has performed well in energy management, with quite a significant percentage of its energy intake being generated from renewable sources. Furthermore, the company institutes proper e-waste management procedures, which ensure that electronic waste is managed downstream through authorized agencies for its disposal. In addition to this, various programs have been implemented at Syrma SGS to ensure that its workers’ welfare is promoted, including fully-fledged health and safety initiatives and the promotion of diversity within its staff.
Sustainability has been addressed at all the places where Syrma SGS has its manufacturing locations within India. The company further stressed that its business is ethical and corruption-free and has no room for any type of corrupt practices; rather, it is completely transparent in all its dealings.
Conclusion
As Syrma SGS Technology Limited grows in operation, focusing on sustainability remains one of the cornerstones of its business strategy. This 2023-24 BRSR not only presents progress but also lays the foundation for how the movement of the organization on sustainability and corporate responsibility will be taken ahead in times to come. Directed at ESG goals, with a clear focus, Syrma SGS works toward leading responsible manufacturing practices and assures long-term value for stakeholders.
Source: BRSR
Credit: Syrma SGS Technology Limited