Greaves Cotton Ltd Releases Sustainability Report Detailing ESG Commitments and Environmental Stewardship

Greaves Cotton Ltd Releases Sustainability Report Detailing ESG Commitments and Environmental Stewardship​

Greaves Cotton Limited, an organization anchored in a 165-year legacy of engineering excellence, has published its Business Responsibility and Sustainability Report (BRSR) for the financial year spanning April 1, 2025, to March 31, 2026. The report underscores the company's commitment to integrating sustainability into its operational DNA across its entire stakeholder ecosystem, reinforcing its transition toward a diversified, fuel-agnostic powerhouse, as part of its 'GREAVES.NEXT' strategic roadmap.

The BRSR covers Greaves Cotton Limited (GCL) and its material subsidiaries: Greaves Electric Mobility Limited and Excel Controlinkage Private Limited. The report is structured around the National Guidelines on Responsible Business Conduct (NGRBC).

Operational Scope and Core Business​

Greaves Cotton Limited specializes in manufacturing electrical equipment, general purpose and special purpose machinery, and transport equipment. Approximately 95% of its business activity relates to this core manufacturing segment.

The company's product offerings include Diesel, CNG, and Petrol Engines (34% of turnover), Own and multi brand spares parts (27%), Gensets (26%), Non-Auto Engines (8%), and Industrial Engines (5%).

Operationally, the company maintains a presence across 11 locations nationwide, encompassing both plants and offices. It serves a market base spanning 28 states and 8 Union Territories nationally, while also exporting to 22 countries. Exports contribute either 10% or 13% of the consolidated or standalone turnover for FY 2025-26.

ESG Commitment and Strategic Focus​

The company views ESG as a vital enabler of long-term growth and innovation. The BRSR highlights proactive measures taken to manage risks associated with climate change, supply chain resilience, and human rights. The management has established measurable targets to reduce greenhouse gas (GHG) emissions and water consumption by 2030, with a long-term ambition of achieving Net Zero by 2070.

Key areas of focus include:

• Environmental Stewardship: Maintaining a zero liquid discharge (ZLD) status across all manufacturing facilities and actively minimizing the ecological footprint through resource efficiency.
• Human Rights & Labor: Upholding human rights standards, conducting Human Rights due diligence assessments, and establishing grievance redressal mechanisms for employees and workers.
• Supply Chain: Integrating ESG principles into procurement processes by expanding ESG and Human Rights due diligence to cover suppliers representing approximately 73% of procurement spend by value.

Key Performance Indicators (KPIs)​

The report details various operational metrics across environmental, social, and governance dimensions:

Workforce and Social Impact​

Greaves Cotton Limited employs a total of 1,419 permanent employees and 3,012 workers. The company emphasizes employee well-being, achieving a Zero Lost Time Injury Frequency Rate (LTIFR) across operations during the reporting period.

Environmental and Resource Management​

The company has made substantial strides in resource efficiency and emissions reduction. Key achievements include:

• Emissions Reduction: Successfully avoiding approximately 3,129,285 kg of CO₂e emissions through energy-efficiency initiatives.
• Resource Conservation: Maintaining Zero Liquid Discharge (ZLD) status across manufacturing facilities.
• Eco-Efficiency Initiatives: Implementing robotic spray-painting systems for industrial engines, resulting in an approximate 20% reduction in paint consumption and lower Volatile Organic Compound (VOC) emissions.

Governance and Risk Management​

The company maintains a robust governance framework through an ESG & CSR Committee, with Ms. Kavita Nair serving as Chairperson and Mr. Parag Satpute (Managing Director & Group CEO) serving as a Member.

A review of material risks identified by the company shows that while Product Safety and Quality pose a significant risk, the company has mitigated this by implementing stringent quality assurance controls, including ISO 9001:2015 and IATF 16949 standards. Climate Change is viewed as both a Risk and an Opportunity, driving investment in cleaner technologies.

The report further details internal practices, noting that the company provides access to necessary grievance redressal mechanisms for all stakeholder groups, including dedicated policies for Prevention of Sexual Harassment (POSH) and Whistle Blower policy.

Supplier Engagement​

A significant focus area is the supply chain, where ESG and Human Rights due diligence assessments were extended to cover suppliers representing approximately 73% of procurement spend by value. The company actively uses its Supplier Code of Conduct to ensure ethical conduct and regulatory compliance throughout its value chain.

GREAVESCOT Stock Price Movement​

On Thursday, shares of Greaves Cotton Limited rallied significantly, gaining 5.58% and closing at ₹237.23. The stock traded within a tight range on the day, finding support near the low of ₹224.98 and reaching a high of ₹238.69.