PARTNERING

TO BUILD AN EQUITABLE AND SUSTAINABLE FUTURE

With five decades of experience in energy and the environment segments, a strong diversified order book, and our execution excellence, we reiterate our commitment to creating sustainable solutions for a better tomorrow. Along with ‘Environment’, Thermax recognises the crucial role that ‘Social’ and ‘Governance’ factors play in achieving this goal

We believe that we cannot create a better future for ourselves and our planet without collaboration. Our ethos is to partner with our stakeholders to build an equitable and sustainable future that offers access to clean air, clean energy, and clean water to all. This has been reflected in the strategic partnerships we have formed in recent years that have led to business expansion in green portfolios, enhancement of digital capabilities, as well as community outreach, enabling us to move forward on our ESG parameters.

Given our forte and market leadership in the energy domain, Thermax is well-positioned to benefit from the increasing focus on clean energy and decarbonisation initiatives. We leverage our capabilities in green technologies to serve our customers with solutions that facilitate the efficient deployment of energy resources. We also assist our customers in their sustainability and low-carbon journeys, supporting them to overcome the challenge of fuel availability, helping them achieve cost efficiency and reduce their environmental footprint.

Scaling technology-led solutions that address sustainability challenges is another way we minimise our impact on nature. An array of IoT-enabled digital solutions powered by machine learning, and Thermax-engineered algorithms have proved to be beneficial for many of our customers.

With some of our recent initiatives, we intend to play a critical and broad-based role in India’s hydrogen sector, supporting the nation’s mission of replacing grey with green hydrogen by 2030. We are working on creating a sturdy foundation to develop a competitive green hydrogen vertical.

In our pursuit of a sustainable and equitable future, we have placed a strong emphasis on social responsibility and creating an inclusive workplace. Through our partnerships with like-minded NGOs, organisations, and employees, we have created job opportunities, promoted education, and supported local communities. We will continue to practice the highest level of corporate governance with ethical and legal standards in the conduct of our operations, and engraining good corporate governance systems. We will also continue to build on our strong foundation by enhancing processes and controls and supporting transparency.

We are proud of the progress we have made in FY 2022-23, but we understand that there is still much work to be done. Looking ahead, we remain committed to forging strategic partnerships that promote sustainability, social responsibility, and good governance. We believe that by weaving ESG considerations into everything we do, we can create a positive impact and make a difference in the world.