Elgi Equipments Reports Strong Progress in ESG Initiatives for FY 2025-26

Elgi Equipments Reports Strong Progress in ESG Initiatives for FY 2025-26​

Elgi Equipments Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report details the company’s commitment to sustainable growth, focusing on environmental management, employee wellbeing, and responsible product stewardship across its global operations.

The company, specializing in manufacturing electrical equipment and air compressors, maintains a strong international footprint. ELGi serves customers across 28 states and 8 union territories nationally and exports to 65 countries. The business activities are overwhelmingly focused on the manufacture of Air Compressors, which constitute 95.51% of the entity's turnover.

Key Environmental Performance Metrics​

ELGi Equipments demonstrated significant improvements in resource efficiency and climate action during the reported year. The company is working toward ambitious environmental targets, including a reduction of CO2 emissions by 28% by 2027 and reducing fresh water consumption by 50% by 2027.

Significant operational achievements include:

• Climate Action: ELGi achieved a 63.33% reduction in carbon intensity. This was supported by the installation of a 1 MW Open Access (OA) Wind Power Plant in Tuticorin District and the initiation of 2 MW OA Solar Power implementation.
• Resource Efficiency: The company reduced energy intensity to 3.75 GJ per rupee of turnover, down from 3.88 GJ/Rupee of turnover in FY 2024-25. Furthermore, water consumption intensity decreased to 1.97 KL/Rupee of turnover.
• Waste Management: The company achieved a 90.23% recycling rate for Foundry sand and is pursuing zero landfill disposal for foundry waste by FY 2026-27. Total waste generated was 6,153.81 metric tons, with 3,658.13 MT recycled or reused.

The company's efforts toward environmental protection are formalized through numerous initiatives across its manufacturing plants, including the implementation of an Energy Management System certification at the Foundry plant and commencing fuel switching projects at the Pressure Vessel Division (PVD).

Sustainable Sourcing and Human Capital Focus​

In terms of social performance, ELGi maintains a commitment to workforce development and equitable practices. As of the end of the financial year:

• The company has 1,091 employees and 1,249 workers. The percentage of female employees stands at 8% (permanent) and 32% (other than permanent).
• Median remuneration for Employees other than Board and KMP stood at 13,83,996 for male and 13,25,004 for female. Workers' median remuneration was 9,16,452 for males and 3,87,852 for females.
• The company ensures comprehensive training coverage on ethics, integrity, and sustainable product practices across various workforce segments.

ELGi also maintains a robust framework to safeguard human rights. The company's anti-bribery policy strictly prohibits all forms of bribery involving both public and private sector entities. It is committed to ensuring that all products meet stringent standards for safe and responsible usage.

Operational Scale and Global Presence​

The business structure of ELGi Equipments Limited includes a wide array of global subsidiaries, operating in markets including Australia, Italy, USA, and various countries across Europe and Asia through specialized subsidiary companies such as Elgi Compressors Do Brasil Imp E Exp Ltda and Elgi Equipments Australia Pty Ltd.

Corporate Governance​

The company adheres to principles of responsible business conduct, maintaining a dedicated framework for risk identification and mitigation related to environmental (e.g., climate change action) and social matters. The BRSR outlines various performance indicators across the nine ESG attributes, with independent limited assurance provided by Price Waterhouse Chartered Accountants LLP on selected indicators for FY 2025-26.

ELGIEQUIP Stock Price Movement​

Shares of Elgi Equipments Limited are climbing as of 1:49 PM, pushing up by 0.15% to trade at ₹582.6. Traded volume currently stands at 136,805 shares during the ongoing market session.