efficiency through innovation - …...this report is based on global reporting initiative’s g4...

SIDDHESHWAR FORGING AND AUTO PARTS PRIVATE LIMITED

“Efficiency Through Innovation”

1st BUSINESS

SUSTAINABILITY

REPORT

GRI-G4 –In

Accordance-

Core

2014-15

1

Table of Contents

1) Our Vision & Mission 2

2) Efficiency through Innovation 3

3) About The Report 4

4) Message from the Managing Director 5

5) Organizational Profile 6

6) Governing the Way We Operate 9

7) Enhancing the Trust of our Stakeholders 11

8) Materiality Analysis 13

9) Managing Our Environmental Footprint 16

10) Creating a Better Workplace 19

11) GRI G4 Content Index 23

2

Our Vision & Mission

Vision

With a strong commitment on

the export front Siddheshwar

Forging & Auto Parts Pvt Ltd. is

poised to become a leading OE

supplier of forgings and

machined components to auto

majors worldwide.

Our vision is to create excellent,

exhaustive and effective products

for the indigenous market and the

same time scale up export to

overseas market.

Mission To manufacture various

Automotive & Non - Automotive

components at Highest Quality

with a competitive Price, by

using World - Class

technology, and add value

to the customer.

3

Efficiency through Innovation

At Siddheshwar Forging and Auto parts Pvt Ltd (Further referred

as ‘Siddheshwar Forging’ in the report) our zeal to achieve

excellence in our work keeps us constantly on our toes. We

believe that innovation is the key for our success which comes

through efficient and effective working.

“Customer satisfaction” have always been our core value that

help us meet our commitment to customers, in terms of quality

of products and our services. With aggressive futuristic plans for

the company’s growth, we also intend to focus on ever-

increasing production as well as increasing our customer base.

“To Grow along with our employees & motivate them to

achieve excellence with efficiency & effectiveness.” has always

been our philosophy at work. Our products are tailor made

according to the needs of customers and always delivered in timely manner. The quality of

our products and services has always been the benchmark for the peer companies.

At Siddheshwar Forging we like to have a correct mix of people with expertise in their

respective domains and who believe in the idea of constant learning and innovation. Also,

flexibility in our work allows us to respond swiftly to the challenges coming in our way and tackle

various issues with energy and enthusiasm. This approach has always helped us achieve high

levels of efficiency in our work.

We have kept integrity in our working methods as our guiding principle. We believe that

transparent dealings, honesty, mutual respect, enthusiasm and ethical business policies always

give an edge over others. This way of work helps us create a positive frame in the mind of our

stakeholders and also increase their confidence which ultimately leads to the overall growth

of the company.

Along with all these, we keep safety of our employees, commitment to society and

environment as our top priority in each of our actions which is why quality checks for each of

our business processes has always been given maximum importance.

Our first sustainability report “Efficiency through Innovations” is an account of our activities,

efforts and plans to imbibe sustainability into our business plans and growth trajectory which

will help us improve our performance on triple bottom lines.

“We believe”-

Innovation is

the key for our

success which

comes through

efficient and

effective

working.

4

About The Report We start walking towards the path of Sustainability Reporting this Financial Year FY 2014-15

with the theme “Efficiency through Innovation” which has always been our motto for

performance in all our businesses. Our first Sustainability report this year (FY 2014-15) is one more

step towards sustainable, transparent and ethical business.

We at Siddheshwar Forging are constantly working towards improving our triple bottom line

performance as a responsible organization and trying to embed sustainability in every aspect

of our business. We always believe in being ethical in all our business practices which has

helped us gain trust amongst our stakeholders.

This report depicts our sustainability performance for the year 2014-15. It covers all our activities

involving manufacturing precision components through extensive forging and machining

processes for the Automotive and Engineering industries and supplying them to some of India's

largest engineering companies.

For creating this report, we have relied on our internal systems and management processes to

account for our sustainability performance. This performance is based on the data and

information collected and collated from primary sources across our operations. Further

wherever required, we have used assumptions and standard equations and calculation

methodologies for quantification purpose.

Certain information included in this report refers to our future plans and intentions, in order to

account for our sustainability approach. This information relates to our strategy, future plans

and targets, operations and business plans.

This report is based on Global Reporting Initiative’s G4 (Core) guidelines on sustainability

reporting and serves as our communication to the stakeholders on our business initiatives to

sustain economic, environmental and social bottom lines. A detailed table showing the

reference to reported GRI indicators has been presented in the GRI Index at the end of this

report.

Report Scope and Boundary

The report covers data and information for Financial Year 2014-15 on Siddheshwar Forgings

and Auto Parts Pvt Ltd operations like machining, assembling and supplying which located in

Bhosari, Pune.

Our project boundaries have been defined keeping in mind the perspectives of our key

management personnel together with the various issues and challenges identified through

various discussions or interactions with our customers, suppliers, employees etc. An overall

review of these helped in identifying the key materiality issues that helped form the further

strategies.

At Siddheshwar Forging, the boundary setting process was done based on GRI principles. Each

of the material aspect was identified for its impact either outside or inside the organization and

the scope of the report was finalized. It was found that each of the material aspect had the

relevant impact within the organization.

5

Message from the Managing

Director

Dear Stakeholders,

It is a pleasure to present Siddheshwar Forging and Auto Parts

Private Limited’s first sustainability Report for financial year FY

2014-15. Our commitment to the concept of sustainability has

always been embedded in our systems, processes and

activities. This report is a way for us to communicate to our

stakeholders about our efforts on improving our performance on

triple bottom lines.

The concept of “Sustainability” is not new to us. While taking into

account, an overall situation of our environment today we need

to increase our efforts to minimize the damage caused to it, by

using resources efficiently.

Efficient use of resources, overall development and innovation

have always been an integral part of our ethos which is why we

have always considered providing value addition to customers’ requirements using best

quality and world-class technology. This goes hand in hand with reliability and commitment to

the society at large. . Slowly and steadily we have been spreading our wings across the globe.

We have always been a client-centric organization; wherein all efforts are directed towards

providing high end professional services of manufacturing and supplying components for the

Automotive and Engineering industries through, extensive forging and machining processes.

Furthermore, we design the prototypes of these products through extensive engineering

resources on the basis of the specifications detailed by the clients so as to cater to the specific

requirements of the clients.

Our ethical business practices, client centric approaches, transparent business dealings and

market leading prices have enabled us to muster a huge customer base across the market

and form a positive image in the mind of all our stakeholders.

While pursuing our business goals, we always strive not only to ensure compliance to

applicable regulations but also aim to achieve newer operational standards and innovative

approaches to meet the customer requirements even better. Also, we adopt processes that

ensure business is conducted in a fair and transparent manner.

Ensuring the health and safety of our workforce has always been a high priority and this involves

various training and awareness programs for our employees in order to help their overall

development as our employees are major contributors to the success of our company.

We realize that this first sustainability disclosure of Siddheshwar Forging will provide us with new

insights into growing responsibly as well as better presenting our processes and working

methodologies to our stakeholders outside the company as well.

At Siddheshwar Industries, we believe in long term partnership with our customers & we always

look forward to an opportunity to explore new avenues that could prove mutually beneficial.

I would like to thank our stakeholders for their continued trust and support. We remain

committed to further improve the practice of sustainability to better meet your expectations.

Mr. Nilkanth Gandhi

Managing Director

6

Organizational Profile “Siddheshwar Forging and Auto Parts Pvt Ltd”, is one of India's

fastest growing companies in the field of precision components

for the Automotive and Engineering industries and are OE

suppliers to some of India's largest engineering companies.

Siddheshwar forging’s manufacturing capabilities include

extensive Forging & Machining processes with engineering

resources for developing customer projects from Prototype to

Production. The Plant of Siddheshwar Forging is headquartered

at Bhosari, Pune. Our Firm is legally established in partnership.

We provide world-class products for Domestic & Global

customer base, through the establishment of its operations

located in Pune, India. We are leading manufacturers of vehicle

hinges like Gears, Crankshafts, Flanges, Albero Shaft for

Automotive & Non-Automotive industry.

Siddheshwar forging was established in 1994. In a small time

span of 20 years, we have achieved a remarkable position in

Automotive & Engineering Sector. Our business has grown from

a small machine shop, to a leading supplier of precision machined parts to many OEM and 1st

tier customers, we are now highly equipped with world class facilities and have entered into

the Global Arena as well.

All this has become possible because of the competent team of professionals that are a part

of our organization and who greatly support all the practices of our trade. These highly

experienced professionals hold detailed knowledge of their respective domains. Moreover,

we have developed a sophisticated infrastructure facility installed with high tech machines

and advanced technology that sprawls across an extensive area.

In order to provide clients with a flawless range of products, we conduct various tests and

quality checks at our end.

Our vision is to adopt and tread on new technological paths for providing world class products

at reliable pricing across the globe. We at Siddheshwar forging firmly believe that there is no

substitute for hard work and our highly skilled professionals proves this from time to time by

meeting client’s specification accurately and in timely manner.

We have adopted an enhanced CAD facility to achieve advanced designing which helps us

to obtain world class quality designed vehicle hinges. The skies are opening up and

Siddheshwar Industries is gearing up to cater the ever increasing customer’s requirements.

We are a private limited company and is a subsidiary of Siddheshwar Group of Industries. There

is no change in the reporting period Regarding size, structure, or ownership. We do not have

any trade unions existing in our organization.

Currently we do not have any externally developed economic, environmental, and social

charters, principles, or other initiatives to which the organization subscribes or endorses. We do

not hold any membership associations.

“Our Motto”

To become one

of the leaders in

automotive

industry by

manufacturing

innovative and

customized

products for our

customer.

7

Our Strengths

Infrastructure

Our success solely depends on machining and forging of metals. Hence the excellence in

product quality depends on the infrastructure. We have 10,000 sq. ft. forging facility and 6000

sq. ft. machining facility for better forging and machining. Both these facilities have housed

machines that are top of the line in our state of the art manufacturing facility. We have

capacity to forge 1200 tonnes of steel forgings annually. Our company is equipped with Belt

Drop forging hammers, temperature controller furnaces, in-house die making facilities, shot

blasting etc.

Operation Procedures

There is ample scope for liberty in every department though management scrutinizes the

activities vertically and horizontally. We take strategic and operational decisions on site and

are always ready to be accessible to our customers and suppliers. Empowered decision

making, flexible thinking, efficiency, speedy response and short lead times are the basic

skeleton of our business process which makes us stand out in the crowd.

Forging Section

We are involved into making of machined forgings section which is made using best quality

raw materials. This section has wide range of applications. We provide best forging sections

which are used for shaping metals. Our wide range of products include machined forgings etc.

Our Products and Services

Siddheshwar Forgings has a wide and diverse range of products to meet critical needs of both

automotive as well as engineering industries. We manufacture different types of precision

components and have excellent manufacturing facilities supported by forging units.

A brief list of the different types of products that we manufacture and supply to our huge client

base along with its application is given below:

HINGE ASSEMBLY BACK DOORTOP- Scorpio ASSY HINGE TAIL GATE LWR-MPV

DOOR HINGE ASSEMBLY BACK DOOR BOT- Scorpio EUROPA TOP HINGE ASSY-Gunnebo

TAIL GATE DOOR HINGE ASSEMBLY-Xylo EUROPA BOT HINGE ASSY- Gunnebo

SIDE DOOR HINGE ASSEMBLY TOP/BOTTOM-XUV500 HINGE FORGING BIG CFDS/498- Gunnebo

HINGE ASSEMBLY BACK DOOR- Quanto HINGE FORGING SMALL CFDS/336- Gunnebo

STRIKER ROD FOR WII ROW SEAT LATCH- Scorpio ASSY HINGE TAIL GATE UPPER U203- Quanto

STRIKER ROD FOR WIII ROW SEAT LATCH- Scorpio ASSY HINGE TAIL GATE LOWER U203- Quanto

ASSY HINGE TAIL GATE UPPER-MPV

8

Markets Served

We sell a huge range of products in domestic markets and design products catering to the

customer needs. Our domestic market clients include Mahindra and Mahindra Ltd, Mahindra

Vehicle Manufacturing Ltd, Gunnebo India Ltd.

Employee Details

Regular Employees

25

1

Supply Chain Management

As we manufacture a large variety of components required by the vehicle industry a major

portion of our value generation occurs in the supply chain activities. The supply chain process

carried out in our organization is described below in the chart:

Customer PO/ Schedule Input In the System

Material Requirement

Planning (MRP)

Purchase Requisition

Purchase Orders are

released on Vendors

Raw Material Received In

ProductionDispatch

9

Governing the Way We Operate Our governance framework is founded on the principles of ethical business policies,

transparent dealings, client-centric approaches and sound strategies.

We have recruited a dexterous team of professionals, who assist us in the all the stages of our

business process. Owing to the hard work, dedication and sincerity of our professionals, we

have been able to stand ahead of our competitors. These experts are completely aware of

every pros and cons of their domains of expertise and have in-depth knowledge about their

respective fields. Moreover, to attain the goals of the organization in an effective and efficient

manner, the team members work in close equilibrium with each other. We also organize

training sessions and workshops on regular basis in order to enhance the skills and knowledge

of our team members.

We treat all our Employees with dignity and respect. We strongly believe that our Employees

are the biggest assets of the company because they are the real participants without whom

no company can grow and fulfill its mission.

We respect the rules of the company so that our company is respected by others. We make

rules we follow rules and we respect rules. We respect the values and cultures of the

communities in which we operate.

Our Board of Directors consist of a team rich in experience and knowledge. Mr Nilkanth Gandhi

and Mrs. Amita Gandhi lead the board of directors at Siddheshwar Forging and Auto Parts Pvt

Ltd. We have the following members in our Management team:

Designation Name

Managing Director Mr. Gandhi Nilkanth

Works Manager Mr. Bogar Muralidhar

Forging Plant Head Mr. Uttam Mane

Quality Manager Mr. Borgave Umesh

Production Manager Mr. Shetke Sadashive

Accounts Mrs. Nair Vasanti

Sr. Production Supervisor Mr. Kasar Sharad

HR / Purchase Mr. Patil Shankar

10

Organization Chart

Quality Policy

We are an ISO 9001: 2008 certified

company. At SFAPPL total Customer

Satisfaction is our motto and we are

committed to enhance it continuously by

Manufacturing and Supply of Quality

Forging & Machining Components. We shall

achieve this by Employee Focus,

Responsiveness, Team Work, Training and

Continuous Improvement. The objectives of

our Quality Policy are:

Aim for Zero Defect supplies through

implementation of Quality Systems

and Processes.

To be the Preferred Partner to our

Customers providing the greatest

value.

To become a highly respected

Industry Leader with which all Stake

Holders are proud to be associated

with

Our Future Growth

We are orienting ourselves towards customer focus, as one of the initial steps. We have already

started implementing TS-16949 Quality Management System.

11

Enhancing the Trust of our

Stakeholders

Management Approach

Any company can sustain its growth and success only if it has a positive impact on its

stakeholders and vice versa. We at Siddheshwar Industries firmly believe that engaging

stakeholders to understand their concerns and creating valuable solutions to their concerns is

a key to sustainable growth.

The inputs of stakeholders play a vital role in the way a company conducts its operations.

Hence addressing company’s social or environmental impact cannot be achieved without

the collaboration, knowledge and expertise of the stakeholders. Not only that, but a

stakeholder engagement helps in building trust amongst them, for the company. Hence,

identifying and engaging with relevant stakeholders is a way to ensure smooth execution of

operations at the location/site. It also helps in creating a safe environment for the workforce,

customers and the community as a whole.

At Siddheshwar Forgings stakeholder engagement is a need based process. We identify our

key stakeholders through their impact on our business and the value we create for them in

return. The top five stakeholders getting highly impacted by the organization and having

highest influence on the organization were selected as the key stakeholders, gaining their

inputs for the report preparation process.

Our key stakeholders

Customers

Meeting customer requirements with the changing market trends has always been our focus.

Our clients’ list include India’s leading businesses in two and three wheeler sectors, hence we

offer superior quality products conforming to global standards at industry leading prices.

With a variety of processes under one roof and huge engineering resources along with

dedicated supplier base, we offer solutions to customers for their wide range of outsourcing

needs. Our team members directly interact with the customers to know their needs precisely,

and provide them with the tailor-made products. Being a customer centric organization, we

constantly strive to resolve any queries and closing them in timely manner. To analyze our

performance on the customer satisfaction, we conduct satisfaction survey on yearly basis.

Employees

Our employees are our most valuable resource and significant contributors to our success. We

fulfill our commitment towards employee development by providing adequate opportunities

to them in the form of various training and learning sessions and thereby help them hone their

skills to the best. These training sessions are held by senior executives who have an in-depth

knowledge of their respective fields and have been a part of this industry since long.

We have also established initiatives to enhance our relationship with our employees through

various employee-based schemes and organizing various events for the same. We ensure

each of our team members’ work in sync with each other through a number of employee

empowerment initiatives and also various initiatives to encourage overall development of our

employees along with increased efficiency and enthusiasm.

12

Suppliers

Suppliers are our business partners and we rely on them for good quality products and on time

delivery as well. Since quality is of prime importance for our business, it is also extremely

important that proper and positive relations are maintained with our vendors and contractors

as their services are vital to our business.

We have always maintained a long term and positive relationship with all our suppliers as they

are an integral part of our value chain.

Local Communities

We have always considered Community development as our responsibility and has been

indeed an important task for us. At Siddheshwar forging we constantly engage with the

communities around our facilities and address their concerns. Our relationship with

communities is vital with regard to the business operations that we carry out, which is why we

interact with the communities at various levels and take various measures to address their

queries and concerns in the best possible method.

Our constant endeavor has been to be in sync with our communities and their expectations,

so that we can create an affirmative image in their mind.

Transporters

At Siddheshwar Forgings, we believe that quality in terms of manufacturing products and

providing services is vital to the company’s sustainable growth. To achieve the same, transport

of our products and services plays a very important role in creating the company’s positive

brand image in the market. We have to constantly rely on transporters for the timely delivery

of our raw materials to the plant and finished products to our customers. This makes the

transporter’s one of our most important stakeholder.

13

Materiality Analysis

Management Approach:

Material Issues are those that should be in sync with business strategy and capable to make a

major difference to an organization's overall performance on triple bottom line.

Hence identifying Sustainability issues of critical importance is essential for developing a

focused and comprehensive sustainability strategy for our company.

Siddheshwar Forging has institutionalized a process for identifying the material sustainability

issues and challenges for the company and its stakeholders. The intent of setting up such a

method is to deliberate and focus keenly on the issues that impact us and our surroundings

and which would also create the path for future growth.

Our Process of Identifying Material Aspects

A laundry list of material issues was prepared by KPMG in consultation with the senior

management at Siddheshwar Forging. The factors considered while listing down material issues

were; media reporting, internal review, external peer review, sector specific standards and

regulations and research on wider social and environmental trends and challenges.

Stakeholder’s were identified and prioritized based on their influence on Siddheshwar Forgings

and Siddheshwar Forging’s Impact on the stakeholders. Employees, Customers, Suppliers,

Investors and local community were the key stakeholders considered in this study.

The internal and external stakeholders ranked the material issues on a scale of 1 – 6 (where 1;

very low, 2: low, 3: medium; 4: high, 5: very high and 6 is not applicable) based on the impact

and importance of the material issue for Siddheshwar. The local community’s feedback on

material issues was taken and incorporated though one to one interactions.

We arrived at the top five material issues for Siddheshwar Forging by a scoring methodology,

where a simple average was taken for all the identified issues from all stakeholders, including

senior management. The Identified aspects are considered to be material and the report

content is based on these material issues.

Our Material Issues

Customer Satisfaction

‘Customer satisfaction’ is a key performance indicator within

Siddheshwar Forging’s business and shall always remain the

center of focus in order to create an all-inclusive sustainable

growth for the company.

Our work has always offered superior quality services to our

customers at industry leading prices and meeting customer

requirements. At Siddheshwar Forging right from the prototype

development to the final production using high grade material

in compliance with international quality standards make our

performance at par with global standards. This is helping us

spread our wings across the globe.

Our operations and processes have always managed in a way so as to meet the needs of the

customer according to the changing market conditions.

“Customer

Satisfaction”

We serve our

clients with great

professionalism

and enthusiasm.

14

At Siddheshwar Forging’s we believe that customer satisfaction can be achieved only if the

products and services provided by us are of high quality and meet global standards. To

achieve this we have created an expert team of professionals who are highly skilled and can

adapt to the latest technological up gradation in the market that leads to manufacturing of

precision engineered automobile components.

Even for the products that are supplied directly without customization, we provide a wide

range of varied products in each of the category so as to suit the needs of every particular

client.

Employee Engagement

At Siddheshwar Forging we consider our employees the most important stakeholders and rely

on them for the quality of our products and service. The employees are the ones who not only

create and deliver the products or services to our customers, but are also our company’s face

in front of the customers. Hence our employees are our most valuable resource and significant

contributors to our success.

At Siddheshwar Forging we support for employee equality, respect for cultures and values of

individuals as well as groups. We are committed towards employee development by providing

adequate opportunities to them in various forms and at various platforms.

It is very important to update our employees with the current market challenges and

opportunities to enhance their knowledge and in turn improve the company’s overall

performance. To achieve that we conduct regular meetings with our employees to review

their performance. We also provide training and learning sessions and thereby help them

develop the competencies and polish their skills to the best.

We try to arrange various events for our employees, so that they can inculcate a friendly work

culture amongst them and alleviate their team performance.

Labor/ Human rights

At Siddheshwar Forging we treat our employees as a family and respect their fundamental

rights. We support our employee’s wellbeing by providing them with the facilities/ benefits to

which they are entitled like Provident fund, gratuity, medical policies, maternity allowances

etc. Apart from the benefits, we also take care of any human right not getting exploited by us.

We don’t support child labor, forced/compulsory labor in our organization as well as take care

about this aspect throughout our value chain. We also believe in giving emphasis to equality

and gender discrimination is not tolerated in our organization.

We firmly believe that the fundamental rights of the employees are intrinsic to the growth of

any organization, hence we constantly strive to create a healthy workplace by implying

ethical values and transparent policies.

Occupational Health and Safety

We are a Manufacturing unit and service provider’s, so there is always a risk associated with

health and safety of the employees as well as contractors .We take utmost care for their safety

and consider the wellbeing of our employees as our prime responsibility.

Safety of our employees is one of the most important concern at Siddheshwar Forging, We

recognize the importance of the safety at workplace for our employees and always strive to

have zero injuries at our workplace.

Precautionary awareness of occupational health risks is an integral part of our orientation

program and on-site trainings, for both employees and contractors. We also impart trainings

on various health issues and safety concerns to our employees and contractors on various

issues for their general awareness.

15

Energy consumption

Energy is required in each and every process of our organization, making it a material issue for

us. We understand the importance of energy conservation and constantly put in efforts to

devise a proper energy management system in place.

At Siddheshwar Forging energy management focuses on, an integrated approach which

entails all the steps in the value chain – from the transportation of raw materials from the plant,

to the production of automotive components and further the dispatch of the final products to

our customers. This seamlessly coordinated production chain and the concentration of

expertise, provide an excellent basis for symbolizing product characteristics while at the same

time reduces energy and resource consumption.

The below table maps all the material issues with the relevant aspects from GRI Guidelines

against the Key performance indicators:

Materiality Issues Aspects Key Performance

Indicators

Customer Satisfaction Product and Service Labelling G4 PR 5

Employee Training and Development

Training and Development

GR-LA9



G4 LA 6

Employee Engagement Labor Practices Grievance Mechanism

G4 LA16

Human and Labor Rights Investment G4-HR2

Energy Consumption and Efficiency

Energy G4 EN 3, G4 EN 6

16

Managing Our Environmental

Footprint

Management Approach

The environmental management at Siddheshwar Forgings adheres to complying with

environment friendly policies. Our business processes requires consumption of natural resources

as raw material for manufacturing automotive components as well as for using energy in all

the operations including manufacturing and transportation of goods to the customer.

While the global demand for engineered automotive components and vehicle parts is

constantly increasing with the ever-growing automobile sector, it is also indicating an

increased use of natural resources for the production of the same. This demand is expected

to only increase at a prolific rate in the future.

We realize that these resources are shrinking and therefore the need of the hour is to utilize

them as efficiently as possible and reduce the wastage to the maximum extent possible.

To reduce the environmental footprint in our operations, we are in the process of taking

measures for improving the efficiency of our processes and using the energy resources

optimally. We ensure that our operations do not incur any negative impact on our surrounding

biodiversity.

Energy Consumption

Our efforts in energy management focus on an integrated approach which entails all the steps

in the value chain – from transportation of raw materials to the plant, to the production of

automotive components at a single site and further the dispatch of the final products to our

customers. This seamlessly coordinated production chain and the concentration of expertise,

provide an excellent basis for symbolizing product characteristics while at the same time

reduces energy and resource consumption.

The following is the data for our electricity consumption for the reporting year:

0

20

40

60

80

100

120

140 128

35

6276 74

62 62 63

4958 58

67

Ele

ctr

icity C

on

sum

ptio

n (

GJ)

Months

Electricity Consumption (GJ)

17

The diesel consumption required for transportation of finished components for the reporting

year accounted to 336.78 GJ. The month wise requirement is as shown in the figure.

Energy Reduction Initiatives

As we are in the first year journey of Sustainability reporting we have not worked much on

reduction of energy consumption. Going forward we would work on the energy reduction

initiatives. Some of the initiatives taken by our organization are listed below:

Replacing Mercury Lamp with LED Lamps

0

5

10

15

20

25

30

35

25 2529 30

3230 30

2824 25

29 30

Die

sel C

on

um

ptio

n (

GJ)

Months

Diesel Consumption( GJ)

Before After

18

Improvement Lux Level on Shop Floor

Before After

19

Creating a Better Workplace

Our Management Approach

We believe that Inclusion and empowerment of Human resources in the organization makes

them more creative and productive. Also due emphasis needs to be laid on understanding

the employees’ concerns and their expectations to enhance their efficiency levels. We aim to

continuously improve our employee engagement schemes so as to provide our workforce with

a conducive work atmosphere and also look towards developing further strategies towards

the overall development of our employees.

A skilled, committed, knowledgeable and enthusiastic workforce has always been the priority

at Siddheshwar Forging. We also believe that having the correct balance of right talent and

skills will prove to be a key success factor and shall also be an important parameter in defining

our sustainable growth trajectory.

We have always maintained the fact that each of our employee should get equal

opportunities to enhance their skills, which is why they are provided with a number of training

and learning sessions which help them increase their skills in their area of expertise. Also to keep

our professionals abreast of market trends & technological advancements, we arrange a

number of interactive and learning sessions for them.

We believe that good safety is good business which helps sustain world-class business

performance. Safety principles provide direction and focus to our Occupational Health and

Safety program for achieving and sustaining safety excellence. Siddheshwar Forgings strives to

provide safe place to work, ensures that all the machinery, tools, plant, equipment and

appliances are well designed, operated and maintained in a safe condition. Considering the

type of production and manufacturing processes that are carried out at our organization,

ensuring the occupational health and safety of the workforce in the firm is also of utmost

importance. Various control systems and devices, O&M systems, compliance audits,

inspection and maintenance, safety equipment, risk management should thus form an integral

part of our sustainability strategy.

Also, taking into account the issues related to workforce/ labor as well as the concerns

regarding various human rights at the workplace is of utmost priority for us as our employees

are major contributors to our growth and success.

The impacts of our products and services during their use phase and also at the end of the

product life are of significance. Also, as we customize our products according to the

specifications given by the customers, it becomes important to take more proactive

approaches of assessing the impacts of our products and services. Being a quality conscious

organization; we strive hard for achieving the highest standard of the quality in each product.

We believe in ensuring compliance to indicate confirmation to performance parameters and

also reduce financial risks.

Employee Engagement

Growth and success of any organization is because of technology adaption and innovation,

which is implemented by employees. The employees are the ones who not only create and

deliver the products or services to our customers, but are also our company’s face in front of

the customers. Hence our employees are our most valuable resource and significant

contributors to our success.

We regularly engage our employees by conducting regular meetings, to understand their

concerns and provide resolutions by arranging various trainings and employee events. . In

case of any concerns arising during any of the engagement sessions we make sure to resolve

it at the earliest and also take care not to have a repeat of it ever again. During this year we

20

did not receive any grievance from our employees which encourages us to maintain a

concern free work in future as well.

We celebrate various festivals and organize various events for our employees in order to

engage them with us not only through work but through a cultural bond.

Employee Training and Development

We are committed towards employee development by providing adequate opportunities to

them by providing training and learning sessions and thereby help them develop the required

competencies and polish their skills to the best.

It is very important to update our employees with the current market trends to help them cope

up with the ever changing customer demands and conform to global standards. This helps the

21

employees to enhance their knowledge and in turn improve the company’s overall

performance. A performance review is done during regular meetings and feedback is

provided to the employees on their performance.

We provide various training sessions to our employees like:

Housekeeping

Quality

Machine operation training

As this is our first Sustainability reporting journey we did not have systems in place to monitor

the training data. Going forward we would implement systems to monitor the data.


We believe that good safety is good business which helps sustain world-class business

performance. At Siddheshwar Forgings safety principles provide direction and focus to our

Occupational Health and Safety program for achieving and sustaining safety excellence

Any manufacturing company faces issues related to workmen safety. Hence, it becomes a

necessity to provide a healthy and safe working environment and also form strategies related

to assisting workforce members or their families regarding such hazards and risks etc.

In FY 2014-15 we did not encounter any case of reported injuries, occupational diseases and

fatality which makes us believe that the zero injury target is achievable and make us feel

satisfied that we are not lacking in our approach towards health and safety of our employees.

In order to implement safety practices we encourage the usage of Personal Protective

Equipment’s among the employees by conducting workshops through external agencies.

We have also worked on considering safety usage of devices and hence installed safety

guards.

Before After

22

Human/ Labor Rights

We have identified human and labor rights as our material issue in order to monitor the labor

related issues within our organization and our suppliers. But this being our first Sustainability

reporting journey we did not have systems in place to monitor the training data. Going forward

we would implement systems to monitor the data.

Customer Satisfaction

Our team members have always maintained a point to interact with the customers through

various mediums in order to know their needs in a better manner and shall continue to strive

towards achieving a better customer-management relationship through various efforts.

For measuring our performance on customer satisfaction, we conduct feedback survey. We

have received a score of 93.33 %. This survey was conducted without hiring any external

agency in the region of Pune.

23

GRI G4 Content Index

GENERAL STANDARD DISCLOSURES

General

Standard

Disclosures

Description

Information related to Standard

Disclosures required by the ‘in

accordance’ options may already be

included in other reports prepared by

the organization. In these circumstances,

the organization may elect to add a

specific reference to where the relevant

information can be found.

Page

Number

External Assurance

Indicate if the Standard

Disclosure has been

externally assured.

If yes, include the page

reference for the External

Assurance Statement in

the report.

STRATEGY AND ANALYSIS

G4-1 MD’s statement on sustainability. 5 No external assurance

ORGANIZATIONAL PROFILE G4-3 Name of the organization 6 No external assurance

G4-4 Primary brands, products, and/or services 7 No external assurance

G4-5 Location of organization’s headquarters 6 No external assurance

G4-6

Number of countries where the

organization operates, and names of

countries with either major operations or

that are specifically relevant to the

sustainability issues covered in the report

6

No external assurance

G4-7 Nature of ownership and legal form 7 No external assurance

G4-8

Markets served (including geographic

breakdown, sectors served, and types of

Customers/beneficiaries).

8


G4-9 Scale of the reporting organization. 8 No external assurance

G4-10

Total number of employees by

employment Contract and gender.

Report permanent employees by

employment type and gender, total

workforce by employees, supervised

workers and by gender, report total

workforce by region and gender, report

if substantial portion of work is by self-

employees or contractors, report

significant variations in employment

numbers (seasonal variation).

8


G4-11

Report the percentage of total

employees covered by collective

bargaining agreements

8


G4-12 Describe the organization’s supply chain. 8 No external assurance

G4-13

Significant changes during the reporting

period Regarding size, structure, or

ownership.

7


G4-14

Explanation of whether and how the

precautionary approach or principle is

addressed by the organization

13


G4-15

Externally developed economic,

environmental, and social charters,

principles, or other initiatives to which the

organization subscribes or endorses.

6


G4-16 Memberships in associations (such as

industry associations) and/or 6


24

national/international advocacy

organizations in which the organization:

• Has positions in governance bodies;

• Participates in projects or committees;

• Provides substantive funding beyond

routine membership dues; or

• Views membership as strategic

IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES

G4-17

All entities included in the organization’s

consolidated financial statements and if

any of these are not covered in the

report.

4


G4-18

Process for defining report content and

aspect boundaries and how the

organization implemented the Reporting

Principles for Defining Report Content

13


G4-19 List all the material aspects identified in

the process for Defining Report Content. 15


G4-20

For each material aspect report the

boundary within the organization: if

aspect is material within the organization,

if the aspect is material for all entities

within the organization and any

limitations regarding the aspect

boundary within the organization.

4,15


G4-21

For each material aspect report aspect

boundary outside the organization: if the

aspect is material outside the

organization, identify which entities or

groups for which it is material. Describe

geographical location where aspect is

material for entities identified. Report any

specific Limitations regarding aspect

boundary outside the organization.

4,15


G4-22

Report the effect of any restatements of

information provided in previous reports,

and the reasons for such restatements.

4


G4-23

Report significant changes from previous

reporting periods in the Scope and

Aspect Boundaries.

4


STAKEHOLDER ENGAGEMENT

G4-24 Provide a list of stakeholder groups

engaged by the organization 10


G4-25 Basis for identification and selection of

stakeholders with whom to engage 11


G4-26

Approaches to stakeholder

engagement, including frequency of

engagement by type and by

stakeholder group.

11


G4-27

Key topics and concerns that have been

raised through stakeholder engagement,

and how the organization has

responded to those key topics and

concerns, including through its reporting.

11


REPORT PROFILE

G4-28 Reporting period (e.g., fiscal/calendar

year) for information provided 4


25

G4-29 Date of most recent previous report (if

any). 4


G4-30 Reporting cycle (such as annual,

biennial, etc.) 4


G4-31 Contact point for questions regarding

the report or its contents Last Page


G4-32 Table identifying the location of the

Standard Disclosures in the report. 23


G4-33 Policy and current practice with regard

to seeking external assurance for the

report

No

external

assurance


GOVERNANCE

G4-34

Governance structure of the

organization, including committees

under the highest governance body

responsible for specific tasks, such as

setting strategy or organizational

oversight

9


ETHICS AND INTEGRITY

G4-56

The organization’s values, principles,

standards and norms of behavior such as

codes of conduct and codes of ethics.

2


SPECIFIC STANDARD DISCLOSURES

DMA and

Indicators

Description

Identified

Omission(s)

Reason(s)

for

Omission(s)

Page

Number

Explanation

for

Omission(s)

External

Assurance.

Material Aspect: Energy

G4-DMA

Disclosure on

Management

Approach

16

No

external

assurance

G4-EN3

Energy

consumption

inside the

organization

16 – 17

No

external

assurance

G4-EN6

Reductions in

energy

consumption

achieved as

a direct result

of

conservation

and

efficiency

initiatives

17

No

external

assurance

Material Aspect : Occupational Health and Safety

G4-DMA

Disclosure on

Management

Approach

19

No

external

assurance

G4-LA6

Types of

injury, injury

rate (IR),

occupational

diseases rate

(ODR), lost

day rate

(LDR),

21

No

external

assurance

26

absentee

rate (AR) and

work-related

fatalities, for

the total

workforce

(that is, total

employees

plus

supervised

workers),&

independent

contractors

working on-

site

Material Aspect : Training and Education

G4-DMA

Disclosure on

Management

Approach

19

No

external

assurance

G4-LA9

Average

hours of

training

employees

have

undertaken

during the

reporting

period.

Number of

training

hours

Data not

monitored. 20 - 21

As this is our

first

Sustainability

report, we

did not

have

systems in

place to

monitor the

data.

No

external

assurance

Material Aspect : Labor Practices Grievance Mechanism

G4-DMA

Disclosure on

Management

Approach

19

No

external

assurance

G4- LA16

Number of

grievances

about labor

practices

filed

addressed

and resolved

through

formal

grievance

mechanism

19 - 20

No

external

assurance

Material Aspect : Human Rights

G4-DMA

Disclosure on

Management

Approach

19

No

external

assurance

G4-HR2

Hours of

employee

training on

policies and

procedures

concerning

aspects of

human rights

and % of

Number of

hours

trained on

human

rights

Data not

monitored. 22

As this is our

first

Sustainability

report, we

did not

have

systems in

place to

monitor the

data.

No

external

assurance

27

employees

trained

Material Aspect: Product and Service Labelling

G4-DMA

Disclosure on

Management

Approach

21

No

external

assurance

G4-PR5

Results of

survey

measuring

customer

satisfaction.

22

No

external

assurance

Mr. Murlidhar Boggar SIDDHESHWAR FORGING & AUTO PARTS PVT.LTD.

Plot No. 98, Sector No.7, PCNTDA, Bhosari, Pune - 411 026.

Phone No: 020-30786879

Mobile No: 7620944213/20

Email: [email protected],

[email protected]

efficiency through innovation - …...this report is based on global reporting initiative’s g4...

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