SHAPING THE FUTURE
SUSTAINABLY
ESG REPORT 2021-22
CONTENTS
About the Report
• Theme of the report | 4 | |
• | Reporting Methodology | 6 |
• | Reporting Scope and Boundary | 6 |
Company Landscape
• | About Gabriel India | 10 |
• Our Presence and Reach | 14 | |
• ESG Performance in FY 2021-22 | 15 | |
• Message from the Executive Chairperson | 16 | |
• | Message from the Managing Director | 18 |
Embracing Sustainable Development
• Engaging with Our Stakeholders | 22 | |
• | Materiality at Gabriel | 25 |
• | Our ESG Strategic Framework | 29 |
Governance
• Business Ethics and Compliance | 40 | |
• Corporate Governance, Transparency, and Disclosures | 41 | |
• | Resilient Business Model | 44 |
• Data Privacy and Security | 45 | |
• | Economic Performance | 45 |
• Market Presence and Customer Focus | 46 | |
• Product Quality and Safety | 48 | |
• R&D And Intellectual Property Management | 49 | |
• | Risk Management | 50 |
Environment
- Investment in Clean Technology
- Water Stewardship
- Waste Management
- Energy and Emission Management
- Sustainable Products and Services
- Environmental Risk Management
- Biodiversity
Social
- Occupational Health and Safety
- Talent Recruitment and Retention
- Diversity, Inclusion, and Non-discrimination
- Human Rights and Labour Relations
- Employee well-being and Development
- Community Engagement
- Responsible Procurement
- Our Achievements
- Alignment with Standards
- Glossary
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2 | ESG REPORT FY 2021-22 | ESG REPORT FY 2021-22 | 3 |
Shaping
The Future
Sustainably
4 ESG REPORT FY 2021-22
The COVID-19 pandemic has not just | and business strategy. In the automotive | ||||||||
transformed how markets operate but has | component sector too, companies are | ||||||||
also compelled organisations to reconsider | progressively focusing on driving the ESG | ||||||||
their strategy for business sustainability. | agenda by emphasising on areas such as | ||||||||
While the pandemic has accelerated many | climate strategy, product stewardship, global | ||||||||
trends, | including | technology | adoption, | efficiency in the value chain, human capital | |||||
supply chain transformation, and digital | development, | innovation | management, | ||||||
consumer behaviour, it has also pushed the | strong brand reputation, and talent attraction | ||||||||
pedal on 'stakeholder capitalism', a critical | and retention, amongst others. | ||||||||
strategic shift to stay relevant and engaged | At Gabriel India, sustainability had always | ||||||||
in the world of accelerating ESG revolution. | been at the core of our operations. An integral | ||||||||
Globally, there is growing awareness around | part of our business strategy, it helps us to | ||||||||
several ESG issues including climate | create enduring partnerships and deliver | ||||||||
change, diversity, ethics, transparency, and | long term value to our stakeholders. While | ||||||||
human rights as well as an imperative need | we strengthen our position as a technology | ||||||||
to address them. | driven future ready organisation, our efforts | ||||||||
While countries like the United Kingdom (UK), | are directed towards accomplishing holistic | ||||||||
the United States (US) and the European | growth on the foundations of trust, good | ||||||||
Union (EU) are leading the ESG agenda | governance, | and | transparency, focusing | ||||||
across the globe through a number of policy | on innovation management, and adopting | ||||||||
changes, India has also shown significant | best risk management practices. We are | ||||||||
commitment to strengthening its ESG | cognizant of our impact on the ecosystem | ||||||||
agenda through the Business Responsibility | and have developed an enabling roadmap to | ||||||||
and Sustainability | Reporting | guidelines. | achieve our environmental and social goals | ||||||
Additionally, its bold and ambitious climate | towards creating a positive impact. | ||||||||
change | agenda-The | 'Panchamrit'- | As we aspire to become India's leading | ||||||
announced at the 26th session of the | sustainable | auto | component | manufacturer | |||||
Conference of the Parties (COP26), held in | our first Sustainability Report 'Shaping The | ||||||||
Glasgow in November 2021, is a reflection | Future Sustainably' highlights our constant | ||||||||
of the nation's commitment to sustainable | endeavours | to | serve our customers with | ||||||
economic development. | the highest standards of quality, efficiency, | ||||||||
In the current scenario heightened by | and sustainability. Driven by our values of | ||||||||
increasing stakeholder expectations, there is | leadership through partnership and people | ||||||||
growing evidence that ESG is a critical driver | empowerment, our ambition is to achieve | ||||||||
for being globally competitive and building | ethical and holistic growth as we work | ||||||||
trust. Organisations around the world are | relentlessly towards shaping and building a | ||||||||
placing strong emphasis on integrating | sustainable future for generations to come. | ||||||||
sustainability into | their | companies' vision | |||||||
ESG REPORT FY 2021-22 | 5 |
Social Environment Governance Development Sustainable Embracing Landscape Company report the About
Reporting
Methodology
At Gabriel India Limited (Gabriel India), we have prioritised sustainability as one of the core values of the organisation. We believe that conducting responsible business is the key to achieving holistic economic growth and sustained social development. Our relentless focus on promoting sustainability is reflected in the Company's pursuit of leading initiatives in the areas of Environmental, Social and Governance (ESG).
Gabriel India has been a firm believer in creating sustainable and holistic growth for our stakeholders since its establishment in 1961. We continually strive
to deliver value that goes beyond profitability to make a long-term difference in the lives of everyone affiliated with the Company. To this end, we have worked consistently to integrate sustainability into our culture by incorporating responsible practices into our decision-making and strategy development.
As we channel our efforts to create true value, we would like to keep our stakeholders informed of our progress and way forward. With this view, we present to you our first ESG report for FY 2021-22. This report encapsulates Gabriel's ESG objectives and strategies towards achieving our sustainability targets/goals.
Reporting | theAbout | |||
Period | ||||
This report presents Gabriel India's sustainability performance and activities for the period April 1, 2021 to | report | |||
March 31, 2022. | ||||
Management's | Company | |||
Responsibility | ||||
This maiden sustainability report of Gabriel India | to business growth. All the information provided | |||
Landscape | ||||
reflects the organisation's environmental, social, and | in this report has been reviewed by the Company's | |||
economic impact on matters that are meaningful | management. | |||
Feedback |
Reporting Scope and Boundary
We have a strong commitment to considering and | are welcome as they will improve our future reports. | Embracing |
valuing the ideas and opinions of our stakeholders. | Please feel free to contact us by mail or email at the | |
Your comments, questions, inquiries, and information | contact information provided below: | |
on any element of our sustainability performance |
The report has been developed in accordance with the 'GRI Standards- Core Option' on sustainability reporting and disclosures on the social, environmental, and economic responsibilities of our business. In this report we have also mapped our performance in accordance with the United Nations Sustainable Development Goals (UN SDGs).
Our report covers our operations across our sites at Chakan (Maharashtra), Dewas (Madhya Pradesh), Hosur (Tamil Nadu), Khandsa (Haryana), Nashik (Maharashtra), Parwanoo (Himachal Pradesh) and Sanand (Gujarat).
Sustainable | |
Contact Us | Development |
Gabriel India Limited | |
Registered Office / Head Office | Governance |
29th Milestone, Village Kuruli, | |
Pune Nashik Highway, Taluka Khed, | |
Pune, Maharashtra- 410501 (India) | |
Environment | |
sustainability@gabriel.co.in | |
Social |
6 ESG REPORT FY 2021-22
ESG REPORT FY 2021-22 | 7 |
COMPANY LANDSCAPE
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Disclaimer
Gabriel India Ltd. published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2022 11:23:10 UTC.