Sustainability in infrastructure projects is essential to ensure that the project not only meets the immediate needs but also has minimal negative impact on the environment and society in the long term. With sustainability as the core of our business at Welspun Enterprises, critical considerations are planned and to be implemented in our projects:
WEL ESG PolicyThe environment is essential for human survival, providing us with resources such as food, water, and energy, as well as essential ecosystem services like carbon sequestration and climate regulation. Protecting the environment is essential for maintaining the health and well-being of both humans and natural world. This involves taking steps to reduce our environmental impact, using renewable energy sources, reducing wastes and pollution, and conserving natural resources.
The most critical aspect is to shift mind set and behaviour to recognize the interconnectedness of all living things and the importance of living in harmony with the natural world.
Managing greenhouse gas (GHG) inventory in projects is critical for following reasons:
One of the critical strategies for reducing greenhouse gas emissions, primarily to improve upon following aspects:
Carbon footprint provides valuable information for new opportunities and sustainable finance:
The Solar rooftop system of 1 MW capacity installed on Nizamuddin bridge in New Delhi offsets electricity consumption of LED Streetlight on the stretch and supplies additional energy generated to the grid (through net metering system).
At our UP Jal Jeevan Mission project, a total of 27 MW capacity of solar panels are to be installed, in order to offset the energy required by pump houses to distribute water.
Extensive use of Pond Ash at our road projects enable us to reduce burrows for earth / soil on road embankments. This initiative significantly reduces dependency on burrows and minimizes the impact on biodiversity and soil.
All road projects with streetlights are developed using LEDs, including lights required for vertical landscaping.
As part of the beautification process of roads, 285 units of 8 sq.m. Vertical Gardens / Green Walls are installed on Nizamuddin Bridge at Delhi Meerut Expressway project.
We are proactive to the immediate global need for sustainable practices and share a cherished bond with the communities around us. With a steadfast commitment in the areas of Education, Empowerment, Environment and Health, we work closely with the surrounding villages to touch, heal and better their quality of life. In everything we do, there is a strong commitment to sustainable development, balancing the needs of the present with those of the future.
WelShiksha offers a Youth Learning Centre equipped with an in-house library, enabling rural youth to prepare for government jobs and central/state university exams from the comfort of their villages through self-study. Additionally, we conduct Spoken English sessions aimed at ITI and college students, enhancing their employability prospects upon graduation/course completion.
WelNetrutva aims to empower rural women by creating sustainable livelihoods within their villages. Through life skills, EDP, and specialized skill training, beneficiaries are equipped to successfully manage village enterprises. We enhance their knowledge with exposure visits and ensure market linkages for continued growth and prosperity.
WelSwashtya project aims to empower women in specific locations through enhanced healthcare services, focusing on preventive and curative measures for adolescent girls and women. Our initiatives include health awareness in schools, Rasoi demonstrations for healthy diets, capacity building of frontline workers, Asha and Anganwadi workers and screening programs for anemia, malnutrition, RTI/STI, cervical and breast cancer, lifestyle diseases, TB awareness, and menstrual health management. We also celebrate special health awareness days such as No Tobacco Day, AIDS Day, Breastfeeding Week, and Nutrition Month in collaboration with the government. Welspun promotes Nutrition Gardens to ensure access to vegetables for healthy living practices. This program enhances healthcare practices in rural areas through regular community health camps reaching remote villages. Our goal is to achieve improved healthcare outcomes and empower communities economically. With these efforts, we have positively impacted over 3,17,000 individuals across 165+ villages, aiming for lasting positive changes in rural well-being and economic stability.
The Welspun Super Sports Women Program empowers female athletes from underprivileged backgrounds to excel in sports and become catalysts for positive change. Our journey has already seen 600+ medals across 20+ sporting disciplines, achieved by 50+ athletes. We are committed to nurturing their potential and fostering them as future leaders and role models for our nation.
Welspun's green initiatives focus on mitigating climate change and preserving the environment for a sustainable future. Our efforts include expanding watersheds, planting trees, organizing beach clean-ups, and leading cleanliness campaigns such as Swachh Bharat. Additionally, we undertake projects like pond deepening and community garden development, revitalizing Dustbine to Govt schools to embrace nature conservation efforts.
WelSuraksha aims to reduce road accidents and enhance emergency response services through extensive road safety awareness and certified training programs for communities residing near highways. This initiative addresses the critical need to improve safety measures and preparedness for accident cases. Recognizing the devastating impact of road accidents, WelSuraksha is committed to fostering a culture of safety and responsibility among community members. Already, we have trained 1,30,000+ individuals, with ongoing efforts to extend our reach and impact. Our goal is to empower more communities with the knowledge and skills necessary to prevent accidents and respond effectively in emergencies.
WeVolunteer embodies our organization's commitment to supporting and inspiring employees to contribute to their communities for mutual benefit. Acknowledging the value of volunteering, we are proud to note the active involvement of over 4,500 employees, who have collectively contributed more than 9,200 volunteering hours. This initiative underscores our dedication to nurturing and empowering the communities we are a part of. Through these efforts, we aim to make a positive impact and strengthen relationships within the areas we serve. Our commitment to volunteerism reflects our core values and enhances our role as responsible corporate citizens.
Governance stands as a cornerstone within our ESG framework. We are dedicated to fostering a corporate culture that prioritizes transparency, accountability, ethical behaviours, safety, responsibility, and adherence to regulatory standards across our entire organization. This commitment to robust governance principles underscores our broader sustainability efforts.
Welspun Enterprises is actively reinforcing transparency and accountability throughout its organization, bolstered by dedicated leadership and a proactive Board of Directors, supported by various committees. The Company has carefully formulated a diverse Board that brings together a wide array of backgrounds, experiences, and skills to provide multifaceted insights and foster sustainable growth. Board members are strongly focused on enhancing internal systems, processes, procedures, and controls to ensure both accurate and transparent financial and non-financial reporting.
We have implemented specialized ESG (Environmental, Social and Governance) and CSR (Corporate Social Responsibility) Committees within the governance structure. These committees convene regularly to conduct in-depth evaluations of our ESG and CSR initiatives. This process entails a thorough analysis of our performance and practices. Their key role is to provide constructive feedback and recommendations, ensuring our commitment to sustainability and responsible corporate citizenship remains robust and aligned with our aspirations.
Being in the infrastructure sector, the company is most vulnerable to the effects of climate change. As the impacts of climate change are becoming more severe and widespread, the assessment of climate related risk are becoming increasingly important.
Scenario analysis is a powerful tool for considering different possible futures and exploring the potential implications of different events and trends. Impact Analysis: Modelling the consequences of different events and trends, and considering how different factors may interact to produce different outcomes.
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Head Ethics - Welspun Enterprises, C/8, BKT House, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (W), Mumbai - 400 013
Chairman, Audit Committee, WEL can also be intimated in exceptional cases
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