Techno Electric & Engineering Company Ltd. Releases Business Responsibility & Sustainability Report for FY 2023-24

The company has emerged as one of the leading players in India's engineering, procurement, and construction sectors. The Business Responsibility & Sustainability Report for the financial year 2023-24 has just been declared by the company. The report underlines the commitment of the company towards sustainability, ethical governance, and its continuous effort in environmental, social, and corporate governance. This report forms an integral part of TEECL's annual disclosures, underscoring the company's strategies to fall in line with India's broader goals relating to sustainable development. TEECL's report highlights its diversified operations in the areas of power transmission, flue gas desulphurization, advanced metering infrastructure, and renewable energy. It has achieved a turnover of ?1,68,086.72 lakhs for FY 2023-24 with increased focus towards expansion in the green energy sector. The report highlights that TEECL has a strong governance structure in place; an ESG Committee is created and led by Ms. Avantika Gupta, Non-Executive Director. This committee shall now lead the sustainability initiatives of the company, focused on energy efficiency, workplace safety, and improvement in employee skills. Further, the company has been on the frontlines of monitoring environmental performance based on its greenhouse gas emissions and water use, aiming for internal targets for improvement. Apart from the environmental programs, the BRSR by TEECL has discussed some initiatives on community involvement and social responsibility. It has taken up a string of CSR programs in health and education, particularly in the most backward sections of society. TEECL is also committed to upholding human rights and labor practices, given the large number of contract and subcontract workers associated with its projects. The report dedicates much space to the company's policies on anti-corruption and ethical business practices. Considering this, TEECL has put in place stringent ABAC policies backed by a whistleblower policy that ensures total transparency and accountability from top to grass-roots levels. Conclusion As the operations of TEECL further scale up, the company is more committed to embedding sustainability right into its core business processes. This BRSR for FY 2023-24 essentially showcases not just the strides that the company has made in the past but also very significantly maps out a clear road map ahead, especially in terms of improvement in ESG performance. The unwavering commitment to responsible business practices positions TEECL as a leader in the EPC sector by attesting to world standards of corporate responsibility and sustainability. Source: BRSR Credit: Techno Electric & Engineering Company Ltd.