The Business Responsibility and Sustainability Report for the period ended 2023-2024 has been filed by Texmaco Rail & Engineering Limited, which is a leader in rail & engineering. The report presents how the company has integrated environmental, social, and governance (ESG) considerations into its core operational plans. Since the industries of railways and engineering are under increasing scrutiny for their environmental and social impacts, this report from Texmaco espouses its proactive stance on sustainability, safety, and governance.
The report elaborates on the sustainability performance of Texmaco on important aspects such as energy consumption management and minimization of negative environmental impacts. During FY 2023-24, the company primarily emphasized the enhancement of energy efficiency, for which the total energy consumption amounted to 332,383.56 GJ, factoring in both renewable and non-renewable sources. It is marginally less than last year’s consumption, once again showing that Texmaco is well-focused on optimizing its energy use and reducing its carbon footprint.
Water management is another highly intensive field where Texmaco has achieved considerable breakthroughs. The company recorded a total water withdrawal of 145,504.50 kiloliters and ensured adequate water utilization in its processes. Texmaco continues on the path of sustainable practice by implementing the recycling and reuse of water, reducing waste, and following strict environmental rules.
Other objectives highlighted in Texmaco’s BRSR are the care and safety of the employees. Thus, Texmaco established an integrated health and safety management system compliant with ISO 45001 requirements. It further committed itself to providing a safe work environment. This includes periodic risk assessment studies conducted along with safety training programs and emergency preparedness initiatives. During FY 2023-24, Texmaco reported a decrease in injury cases at work attributed to efficient measures for ensuring safety.
Governance forms one of the key pillars of the sustainability strategy at Texmaco. The company has built a strong framework for ensuring regulatory compliance and complete transparency in operations. This includes, amongst others, the Board of Directors reviewing the business responsibility policies along with the senior management regularly to keep Texmaco responsible before its stakeholders.
Conclusion: The BRSR of Texmaco Rail & Engineering Limited for FY 2023-24 underlines the leadership of the company in sustainable business. Energy efficiency, water management, and employee safety are becoming new standards in rail and engineering businesses set by Texmaco. Further, during the evolution and alignment of operations with globally accepted goals on sustainability, the company reassures its position of being responsible and thinks ahead as a leader.
Source: BRSR
Credit: Texmaco Rail & Engineering Limited