Senvion's Path to Sustainability
Our Commitment to
a Sustainable Tomorrow
At Senvion India, sustainability is at the core of our mission. We engage with diverse stakeholders to identify ESG-related material topics, drawing insights from customer surveys, industry trends, and regulatory agencies. In 2022, we appointed CareEdge Advisory to integrate ESG principles into our processes and conduct our first materiality assessment. Our ESG Executive Oversight Committee has reviewed this assessment to ensure alignment with our policies, strategy, and risk priorities.
The material topics for the FY 2022–23 reporting year are detailed below, reflecting our commitment to sustainability and responsible business practices. Stakeholder involvement, openness, and adherence to sustainability best practices are the driving forces behind our journey toward ESG integration.
ESG Targets
Environment
| KPI | Unit | 2025 | 2030 | 2040 | UNSDG |
|---|---|---|---|---|---|
Decarbonization of business –
|
% Recyclability |
50% | 75% | 100% |    |
| Carbon emission reduction (Scope -1 – own manufacturing)
|
(kWh) conventional energy consumed | 25% reduction from 2022 | 25% reduction from 2025 | 25% reduction 2030 | |
| Carbon emission reduction (Scope - 3 : Tier 1 & 2 vendors) |
CO2e emissions reduced | 50% | 75% | 100% |
Social
| KPI | Unit | 2025 | 2030 | 2040 | UNSDG |
|---|---|---|---|---|---|
| Elevate marginalized society by providing access to better education & healthcare facilities | No. of beneficiaries reached | 2500 | 5000 | 10000 |     |
| Globally Best in class LTIFR | LTIFR | < 2 | < 1.5 | < 1 | |
| Share of women in work force with equal opportunities | % | 10% | 15% | 20% |
Governance
| KPI | Unit | 2025 | 2030 | 2040 | UNSDG |
|---|---|---|---|---|---|
| Compliance and responsible business training | % of compliance | 100% | 100% | 100% |    |
| Business ethics | % of compliance | 100% | 100% | 100% | |
| Supplier Code Of Conduct acceptance | % of purchased volume | 75% | 90% | 100% |
ESG Process
Navigating Sustainability: Our ESG Process
We identified areas for enhancing and developing the organisation's ESG practices with the help of a comprehensive ESG gap analysis.
We determined ESG priorities through a materiality exercise and aligned them with relevant ESG Key Performance Indicators (KPIs) and targets.
We gained insights into the ESG practices of our peers and developed a clear roadmap and strategy for Senvion through careful peer benchmarking.
We facilitated the collection of ESG data by providing templates and supported the calculation of emissions, as evidenced in the ESG report.