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| Material Issues | Measures | Linked KPIs* | |
|---|---|---|---|
| Product performance |
3
|
Ensuring equipment reliability Ensuring product performance Product safety Diversifying and scaling businesses |
Cumulative no. of equipment with remote monitoring functionality |
| Design upgradation and improvement |
13
|
New designs/products launched Focus on research and innovation |
Number of products launched Number of patents applied and granted Number of trademarks registered |
| Material Issues | Measures | Linked KPIs* | |
|---|---|---|---|
| Waste management |
4
|
For customers:Adoption of a new technology for waste management For Thermax:Converting waste to value Creating awareness through Thermax Cares initiatives such as conducting monthly webinars on plastic waste disposal and e-waste |
Hazardous waste Non-hazardous waste % of waste converted as value Number of awareness events organised |
| Climate change related risks |
6
|
Charting a decarbonisation roadmap |
For customers:Environment-friendly vapour absorption cooling For Thermax:Capex on carbon footprint reduction related projects Measuring GHG emissions Carbon dioxide emission equivalent savings from various initiatives |
| Energy management |
11
|
For customers:Introducing new energy management solutions Diversifying and expanding renewable energy portfolio For Thermax:Energy mapping and efficiency Increasing renewable energy capacity at the premises |
Renewable and non-renewable Energy savings from various initiatives |
| Water management |
15
|
For customers:New product/technologies developed For Thermax:Water conservation initiatives Monitoring water consumption of domestic plants Water recycling and zero liquid discharge initiatives |
No. of new product launches by the Water and Waste Solutions business No. of zero liquid discharge (ZLD) installations within the Company’s own facilities Water consumption at all domestic plants Recycled water Rainwater harvested |
| Emission management |
16
|
For customers:Emission management technologies For Thermax:Environmental compliance at all plants |
For customers:Air treated through air pollution control system For Thermax:Measurement of non-carbon emission data PM, NOx, SOx, VOCs |
| Material Issues | Measures | Linked KPIs* | |
|---|---|---|---|
| Compliance and integrity |
3
|
Adherence to the standards prescribed by certification bodies Diversity and inclusion of the Board |
% of gender diversity in the Board |
| Material Issues | Measures | Linked KPIs* | |
|---|---|---|---|
| Local employment |
1
|
Promoting local employments around our plant area(s) |
Greater than 80% local employment |
| Community engagement |
2
|
Initiatives under Social Compact Thermax Foundation activities |
No. of families directly benefitted through CSR around our manufacturing facilities No. of student beneficiaries of The School Project |
| Occupation, health, safety and emergency preparedness |
5
|
Ensuring safety measures to achieve zero harm Awareness campaigns for health and safety Pursuing excellence in safety processes |
Lost time injury frequency rate (LTIFR) Fatality Total recordable incident rate (TRIR) HSE training records No. of OHS audits/ inspections |
| Talent acquisition and retention |
7
|
Flexible working policy Talent mobility Training for people development Creating inclusive workplace to attract and retain diverse talent |
No. of training man-hours Investment in training and development initiatives Regrettable attrition rate |
| Protection of human rights |
8
|
ASHA Code of conduct for employees and vendors |
No. of whistleblower complaints resolved No. of anti-social harassment act complaints received and resolved Training / declaration of compliance from employees |
| Responsible supply chain management |
14
|
Vendor connect portal to ensure that the vendor fulfils the sustainability criteria Ensuring that all vendors sign the Thermax vendor code of conduct |
No. of suppliers trained on sustainability 37% of material sustainably sourced |
