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Corporate

Environmental, Social and Governance (ESG)

Environmental, Social and Governance (ESG)

ESG Report Financial Year 2023-24

Embedding ESG to Drive Responsible Growth

At BGL, we believe that ESG principles are integral to driving mutual and sustainable progress for an organisation. In FY 2024-25, we launched our inaugural ESG report under the initiative ‘Project Green Vasundhara’, aligned with global standards including GRI 2021, SASB, UN SDGs and NGRBC. Our ESG strategy, based on double materiality assessment, is governed through a three-tier structure involving the Board, Board-level Committees and functional teams.

ESG Framework

Embedding ESG into core business decisions

Reducing environmental impact

Inclusive
growth

Maintaining robust governance practices

Environmental

We undertook several initiatives to reduce our environmental footprint across operations in FY 2024-25. Key initiatives include:

Energy Savings
  • Installed a 1,300 kWp solar plant at Lonand, reducing ~ 1,400 tCO2e of energy annually
  • Undertook multiple process optimisations, resulting in over 2 Lakh kWh energy savings
Reducing Emissions
  • Total GHG emissions (Scope 1 & 2) stood at 30,462 tCO2e for FY 2024-25
Water Conservation
  • 62,094 KL water consumed across plants with Zero Liquid Discharge
  • Implemented rainwater harvesting systems
Waste Reduction
  • Recycled 52 KL of used oil
  • Undertook extensive segregation and safe disposal of hazardous and non-hazardous waste
Enhanced Air Quality
  • Introduced fume extractors, high-suction dust collectors and cleaner lubricants to improve indoor air quality

Continuous employee feedback through surveys, safety committees and 2S initiatives, ensuring inclusive decision-making

DEI programmes include awareness workshops, Women’s Day celebrations and POSH compliance (zero complaints reported)

Robust policies to ensure fair compensation, anti-discrimination and adherence to Indian labour laws

100% of employees received training on safety, leadership and technical competencies

Key Employee Initiatives of FY 2024-25

100% coverage under health & safety risk assessments

Regular medical check-ups,
mental health workshops and
ergonomic interventions

Zero fatalities/ high-consequence work injuries reported during the year