CSR Team, New Corporate Building (First Floor),
Bajaj Auto Limited, Akurdi, Pune, Maharashtra – 411035
Tel: 020-6610 7293
- Bajaj Auto ranks 96th in Forbes list of world’s top 100 innovative companies of 2014
- BrandZ Top 50 Most Valuable Indian Brands By Kantar20145
CHIEF SUSTAINABILITY OFFICER
- 2018 2018 NDTV Carandbike Awards this year, winning the two-wheeler of the year, viewers-choice two-wheeler of the year, and the premium motorcycle of the year
- ‘Special Award for TPM Achievement’ by Japan Institute for Plant Maintenance (JIPM)
Report created by Kavita Kripalani
Bajaj Auto Ltd. engages in the manufacture and market of motorcycles and three-wheeler vehicles. It operates through the Automotive and Investments and Others segments. It offers motorcycles, scooters, commercial vehicles, and related spare parts. The company was founded on November 29, 1945, and is headquartered in Pune, India.
Company Sustainability Activity
Bajaj Group believes that the true and full measure of growth, success, and progress lies beyond balance sheets or conventional economic indices. It is best reflected in the difference that business and industry make to the lives of people.
Through its social investments, Bajaj Group addresses the needs of communities residing in the vicinity of its facilities, taking sustainable initiatives in the areas of health, education, environment conservation, infrastructure and community development, and response to natural calamities.
- Bajaj Auto is determined to increase fuel economy and curb emissions across its entire product lineup. Alternate fuels are good for the environment, reducing emissions and dependence on oil.
- Bajaj Auto entered into Wind Power in January 2000 and invested approximately Rs. 3 billion over the next 3 years. The rationale behind the investment was to provide a natural hedge against rising energy costs and to contribute to a clean energy initiative that was nascent in the state of Maharashtra.
- With this initiative, approximately 90% of Bajaj’s power requirements for Plants within the state of Maharashtra, are met through Wind Power.
- The DTSi technology, the mother technology for DTS-Fi and DTS-Si engines are highly fuel-efficient. The engine technology also helps in reducing emissions and keeping the environment clean & green.
- Bajaj has world-class manufacturing plants at Waluj and Pantnagar and a state of the art plant at Chakan where a wide range of two-wheelers and three-wheelers are manufactured. These plants have adhered to ISO 9001 (Quality systems) and ISO 4001 (Environment system) certification. All the plants are actively involved in afforestation with plantation work in & around plant premises.
- Investments have been made in Effluent Treatment Plant (ETP) to separate industrial & domestic effluent resulting in a better quality of treated water. Further by installing a tertiary plant, the treated water is again recycled.
- Bajaj Auto has been at the forefront of adopting various measures for a greener and cleaner environment right from using wind power for energy requirements, use of alternate fuels like CNG and LPG for its commercial vehicles, green plantations and water treatment in its manufacturing facilities, and use of advanced engine technology like the DTS-i to reduce emissions.
- BS-VI: The thrust on new products and upgrades was done without affecting the massive transition plan of the entire product portfolio to meet India’s stringent BS-VI emission norms. The entire range of motorcycles and commercial vehicles had to be redesigned to employ sophisticated electronic controls including fuel injection to meet these emission norms. The production plants and dealer network also needed to be upgraded to achieve this transition.
- R&D has invested in creating a state-of-the-art electric vehicle (EV) test facility in FY2020. This new laboratory will be pivotal in their thrust into the EV space. Every component and aggregate in the EV system can be tested for performance and durability at the new facility.
Bajaj Auto does not disclose any targets regarding sustainability at the moment.
- In FY2020, their overall three-wheeler sales declined by 14.9% from the all-time high in FY2019 to 661,517 units. Their domestic sale of three-wheelers reduced by 8.5% to 364,817 units. Despite this, Bajaj remained by far the market leader, accounting for 57.3% of all three-wheeler sales, and 63.8% of passenger vehicle sales.
- In the goods carriers segment, they now account for 27.0% of the domestic market — up from 23.8% a year earlier.
- They continue to dominate the petrol and alternate fuel market – with sales of 240,467 vehicles in FY2020 and a domestic market share of 88%.
- In the overall diesel category, Bajaj Auto achieved leadership with a market share of 40%.
- In the small diesel category, their market share now stands at 89% – up by 9 percentage points.
- In the larger diesel segment, their market share has grown from 26% to 29%.
- Last year, their quadricycle, Qute, was successfully launched in states: Kerala, Gujarat, Odisha, and Rajasthan. In FY2020, they sold 942 units of Qute within India. A partnership with Uber helped in selling 270 Qutes in the Bangalore market, with over 150 such vehicles now running on the Uber platform. They exported over 2.17 million vehicles – 4.4% over the previous year, and their highest-ever exports. This occurred despite the lockdown that started on 24 March 2020 and permitted problems for three-wheelers in Egypt.
- In a difficult global market scenario, they succeeded in growing their motorcycle exports by 10.2% and sold almost 1.87 million vehicles to other countries of the world.
- They consolidated their presence in 79 countries. Of these, they are either ranked No.1 or No. 2 in 22.
- The Bajaj Group has actively stepped in to fight the Coronavirus pandemic, which has struck India hard. The Bajaj Group has pledged an amount of H 100 crore to fight COVID-19 in India. In a response to the pandemic, the Bajaj Group will work closely with the Government and its strong network of over 200+ NGOs and deploy measures to make resources available for fighting the Coronavirus. The primary focus will be towards supporting up-gradation of key healthcare infrastructure, which will be needed to tackle the spread of Coronavirus. The Company has identified private sector hospitals and government hospitals where it will help upgrade ICUs and even procure much-needed equipment like ventilators for patients and personal protection equipment for healthcare workers, doctors, nurses, and other medical staff. Isolation units have also been set up and facilities created to enhance testing facilities for COVID-19 in the areas of Pune, Pimpri-Chinchwad, and the rural areas of Pune.
The details of charitable activities done through their trusts:
- Integrated rural development activities, rural transformation through model villages, and village adoption.
- Formal and non-formal education through Anganwadis, Balwadis, Schools, Colleges, Technical and Management Institutions and Science centers, Adult Literacy, etc.
- Healthcare and community welfare through hospitals and medical research institutions for enhancing access to top-class but affordable healthcare for the economically underprivileged.
- Sustainable livelihood through integrated agriculture development, skill development, and vocational training, self-help groups, farmer’s co-operatives, women upliftment, and women empowerment.
- Supporting Art, Culture, and Heritage
- Sports promotion and development
- Awarding and honoring people, who have aligned themselves for community development through constructive programs.
- Contributing for Sanitation and Hygiene.
- Ecological Conservation and Environment Development and many more areas.
United Nations Sustainable Development Goals
United Nations SDGs Compliance
The following section aligns current company-wide sustainability initiatives with the UN Sustainable Development Goals. Although not explicitly stated, Bajaj has attempted to be compliant with SDGs.
- The Kamalnayan Bajaj Hospital, Aurangabad: The Kamalnayan Bajaj Hospital, which is a charitable institute, extends services to Below Poverty Line (BPL) and Economically Weaker Sections (EWS) of the society. While the treatment for BPL patients is free, for EWS, it is subsidized to the extent of 50%. To date, the benefit of this scheme has been extended to 1,57,457 patients and an amount of H 171.8 million (approx.) spent on it.
- Sri Chaitanya Mission (BhaktiVedanta Hospital): Bhaktivedanta Hospital and Research Institute (a project of Sri Chaitanya Seva Trust) is a NABH accredited hospital that focuses on healthcare, with 200 bedded multi-specialty hospitals providing free, concessional and affordable healthcare services through a preventive and protective holistic approach to the needy sections of the society. The hospital provides state of art facilities to the bottom of the pyramid in Maharashtra and UP touching 11 million lives. Bajaj Auto Ltd. supported the construction of an infrastructure capable of housing 100 additional beds. The intent behind the H 60 million projects is to create facilities that would provide surgical assistance to people with eye health disorders and the treatment for cancer.
- United Way of Delhi – Neev Programme: Setting up Anganwadis in USN, Uttarakhand: The project (formerly known as Born Learning) aims at providing nutritional and educational support to children in the pre-primary age group (0-6 years). Children falling under this age bracket require maximum physical, psychological and emotional support to blossom into healthy adults. Believing in this notion, the project which runs in Udhamsinghnagar has already established 20 Anganwadis in the said location to provide a healthy environment for child growth and education. The project also proposes to establish 100 more such Anganwadis in the JBGVS core geography. As an impact of the ongoing partnership, UWD records reveal a 25% rise in the admission of children in the established Anganwadis. The project was recently visited by the District Magistrate.
- AROHI- Reducing maternal and child morbidity in Nainital and Almora, Uttarakhand: The project attempts to bring maternal health facilities to the doorstep of the remote village women from the Kumaon Himalayas who otherwise suffer from poor health due to lack of proper infrastructure and inaccessible transport mechanisms. The goal of the project is to reduce maternal and child morbidity and mortality in the Okhalhanda block of the Nainital district. The project has established one resource center reaching out to 10 villages in the said location and 1 mobile medical unit (MMU) which reaches out to 105 village women with diagnostic facilities during pregnancy and post-childbirth. The partnership has impacted the lives of 100,000 beneficiaries from three blocks- Ramgarh, Okhalkhanda and Kapkot of Nainital and Bageshwar District by eliminating maternal death rates and successfully handling two critical cases of ante-natal women
- The Corbett Foundation – The Bajaj Saksham Project, Nainital Uttarakhand: The project aims to provide primary healthcare facilities to the communities living in and around the tiger reserves of Corbett, Kanha and Bandhavgarh to help create a harmonious coexistence between wildlife and human beings by building healthy communities to sustain the reserves. The project undertakes health service delivery through mobile medical units and OPD center in Garhwal and has impacted 17,278 patients through the field and special health camps conducted every week
- AGRANI – Training frontline health workers for safe healthcare practices: The Arogya project is being implemented in their regions of Champawat Block covering a population of 9,400 people across 31 villages. Through the project, Agrani engages with 29 frontline workers to ensure that safe and hygienic healthcare practices exist within the community. To achieve this, capacity-building activities of the frontline workers are conducted too. The project also conducts monthly awareness sessions on anemia and menstrual health for adolescent girls and boys in 3 government schools covering approximately 1,200 students.
- Jimmedari Foundation, USN, Uttarakhand: Under the Bajaj Mobile Health Clinic Project, in partnership with Jimmedari Foundation, beneficiaries from rural villages of Udhamsinghnagar have been provided with equitable, accessible, primary healthcare services in the form of Mobile Health Clinic. The health clinics operate once a month through a fixed date outreach initiative benefiting 30,000 people across 25 villages. Bajaj Auto Ltd. supported them with the provision of a mobile van worth H 1.38 million to set up the mobile health clinics that would carry out the primary healthcare service delivery.
- Sri Ramkrishna Vivekananda Sevasram: The project reaches out to the inhabitants of Guptakashi in Rudraprayag district with healthcare service delivery, which is otherwise inaccessible to them due to extreme weather conditions and difficult terrains. The Bajaj Health Initiative – Rudraprayag project, attempts to run 2 free medical clinics for the people living in the remote area of Kedarnath valley reaching out to 30,000 people.
- RESPONSE TO THE GLOBAL PANDEMIC COVID 19: The Bajaj Group has actively stepped in to fight the Coronavirus pandemic, which has struck India hard. The Bajaj Group has pledged an amount of H 100 crore to fight COVID-19 in India. In a response to the pandemic, the Bajaj Group will work closely with the Government and its strong network of over 200+ NGOs and deploy measures to make resources available for fighting the Coronavirus. The primary focus will be towards supporting up-gradation of key healthcare infrastructure, which will be needed to tackle the spread of Coronavirus. The Company has identified private sector hospitals and government hospitals where it will help upgrade ICUs and even procure much-needed equipment like ventilators for patients and personal protection equipment for healthcare workers, doctors, nurses and other medical staff. Isolation units have also been set up and facilities created to enhance testing facilities for COVID-19 in the areas of Pune, Pimpri-Chinchwad and the rural areas of Pune.
- Aasra Trust – Education for street children, Dehradun, Uttarakhand: The project in partnership with Bajaj works towards empowering street children with education. The project has 21 program activities ranging from identification of out-of-school children, enrolling them in school and supporting them with facilities to retain them in schools till graduation. The project currently has a target of 2,672 children and 1,601 parents from 8 government schools under project intervention.
- Himal Prakriti, Munsiyari, Uttarakhand: Himal Prakriti is working with a vision to promote nature conservation and sustainable livelihoods in the Himalayas. Himal Prakriti is strengthening and supporting the processes for the democratic governance of natural resources through the reactivation of Van-Panchayats. Its activities include research and conservation action, nature-based education, advocacy and policy interventions, and exploring and promoting suitable low-cost technology innovations in the remote Himalayan villages. With support from Bajaj, Himal Prakriti has so far established 11 Poly Houses, 24 Smokeless Chulhas, and 4 Nurseries. Moving forward from Pond Rejuvenation with the support of villagers, the project also supported the target groups to conserve the traditional breeds of 11 yaks from the target location.
- United Way of Delhi – Neev Programme: Setting up Anganwadis in USN, Uttarakhand: The project (formerly known as Born Learning) aims at providing nutritional and educational support to children in the pre-primary age group (0-6 years).
- Bajaj Science Education Centre by Gandhi Gyan Mandir was set up in 2008 to instill a passion for science and innovation in secondary school students, through learning by doing. It is a place to think and a place to do. Starting with 40 students, 139.3 sq.m (1,500 sq.ft.) of space, their teachers, and an investment of H 200,000, it now has around 520 students from 35 schools and is housed in a designer 33,000 sq. ft. complex, with excellent laboratories built at a cost of H 56 million.
- CORD, Almora, Uttarakhand Chinmaya Organization for Rural Development (CORD) in partnership with Bajaj is undertaking integrated rural development programs that include: community institute building, gender, health, women empowerment, livelihood, micro-credit, social inclusion of disabled, etc. The project is undertaking training on various rural development issues that would reach out to a population of 5,000 from their panchayats of Dholadevi and Dwarahat block of Almora district, Uttarakhand
- Lifeline for Women: Hamaara Sapna Project Hamaara Sapna, initiated by Ms. Minal Bajaj for Jamnalal Bajaj Seva Trust, endeavors to transform the lives of women residing in the slums of Mumbai with education, empowerment, and entrepreneurship.
- Bajaj Water Conservation Project (BWCP): BWCP covered 51 villages of Paithan taluka of Aurangabad. The project provided access to drinking water and irrigation facilities for the villagers. Phase II covered 110 villages of Gangapur and Aurangabad talukas, which are drought-prone. Through continuous work since 2017 towards water conservation, almost 80% of the villages have got access to clean drinking water. The villagers were also facilitated with lifesaving irrigation to their crops in the second phase of BWCP. In December 2019, the total water harvesting capacity created was 31,724 TCM, which has enabled an irrigation potential of 3,898 hectares. Moreover, silt removed from Percolation Tanks and Nalas was spread over 2,408 hectares of agricultural land, thereby enhancing its productivity. BWCP Phase III, Aurangabad has committed a budget of H 1.98 billion, out of which H 981 million has been disbursed. Phase III of the project was launched in Vaijapur taluka of Aurangabad district in September 2019, covering 12 villages with an area of 8,584 hectares and 2,511 households. In addition, phase III has been started in Aurangabad, Satara, and Yavatmal districts of Maharashtra, covering 30 villages with a budget of H 426,3 million. These villages have an area of 17,696 hectares and include 34,898 households.
- Foundation of Ecological Security, Anand, Gujarat: One of the most critical problems being faced today is the degradation of land and water resources in the catchment areas. This has led to depleting water supplies, thereby affecting agricultural productivity. This project intends to augment the conservation of water for improving the resilience of agriculture in rain-fed areas. The project is spread over Bhilwada, Udaipur, Rajsamand, Chhitorgarh, and Pratapgarh districts of Rajasthan, covering an area of more than 35,000 hectares. The total commitment from Bajaj to this project is H 270 million, out of which H 148.5 million has already been disbursed till December 2019.
- Shramjivi Janta Shahayak Mandal, Satara: The Project is in Mann Taluka of Satara District, Maharashtra. Total coverage is 5,224 hectares benefiting 1,136 Households with 6,251 population. Project period their years (2017 To 2021). The major issue associated with this area is low rainfall. The average annual rainfall for the last 10 years of the project area is 451.31mm with a severe scarcity of potable drinking water. The villagers, especially women are the worst sufferers who spend a lot of time and energy only fetching drinking water from distant places during summer. Bajaj Group is supporting this project with funding to the tune of H 118.5 million. With the funding till December 2019, 4 Village Development Committees, 39 Self Help Groups, 26 Water User Groups have been formed. Plus, 1,498 Loose Boulder Structures (LBS) and 31 Gabion Structures constructed. Also, water absorption trenches were excavated covering an area of 74 hectares. Due to this water conservation work, this year all wells and percolation tanks have enough water and farmers got lifesaving irrigation for their crops. Migration from villages has also reduced.
- People Science Institute, Dehradun, Uttarakhand: PSI is pioneering the work of natural resource management, community-led watershed-based livelihoods development, post-disaster reconstruction and rehabilitation, disaster-safe housing, environmental quality monitoring, promotion of system intensification, and river conservation. The proposed program in partnership with Bajaj aims to regenerate and protect 50 critical springs in five water-scarce districts of Uttarakhand. Considering the dependency of a minimum of 20 households per spring, the program will benefit about 1,000 households covering a population of around 5,000.
- Conservation of energy Company continues its efforts to reduce and optimize energy consumption at all its manufacturing facilities, including the corporate office at Pune. Significant reduction in energy consumption has been achieved by various means as shown hereunder:
- A) Electrical Energy l Installation of 5MWp Rooftop Solar Plant in Waluj for reducing their loads at discoms and for energy cost financial benefits. Installation of energy-efficient LED luminaries at various designated areas across all their factories for energy conservation. Installation of Power Factor Controller panels at heavy fluctuating load areas for maintaining power quality and its associated losses. Minimize compressed air losses by arresting minor and ultra leakages through an advanced tool-Air leak detector system. Miscellaneous equipment’s power wastage reduction through timer provision. ETP, STP, and RO treated water pumps are replaced by energy-efficient pumps. Heat Pump installed for washing machines instead of electrical heaters (cell no C3, C6, and H6)-3 nos. Cyl Head and Crankcase FRD machine-Parameters optimization for power consumption reduction (14 nos).
- B) Water – ETP Treated water re-use for feeding RO Plant. Rainwater storage pond making capacity 25,000 M3. ETP RO rejects water to mix with rain storage pond water and reuses to feed the RO plant, resulting in zero groundwater use for the Paint shop process. Minimize AHUs water consumption by arresting minor water leakages. Continuous reuse of STP treated water for toilet flushing, cooling towers, and gardening. Revisit of all AHU installations/Installation of New AHU for Vehicle assembly (cellulose pad type). Continued rainwater harvesting across all plants. Proper adherence to the water pumping schedule. Water chiller integration work and removal of many HVAC systems resulting in minimized water consumption. All water-cooled ACs are converted to Air Cooled.
- C) LPG/Propane – Lacquer Oven auto ON-OFF in lunch and dinner time. Hot water rinse, KOD, and Degreasing stages-Hot water generators ON-OFF optimized to control bath temperature linearly and proportionally. Continued use of low temp chemicals for pretreatment. Use of energy-efficient burners in the canteen.
- D) Utilisation of renewable energy-key initiatives – Usage of Rooftop Solar Power Generation (Waluj) 5MWp, utilizing 20,000 units of renewable energy daily for designated shops. 100% usage of rainwater storage pond. Solar water heater installed in the canteen. Daylight pipe installation. During the year, 41 nos. daylight pipe installed. Total daylight pipe installed- 200 nos. Use of Solar Energy (Plant capacity 2 MW)- Total Solar units generated and utilized during the year are 2.27 million KWH. Use of Turbo Ventilators in the Paint shop and Dispatch area for roof exhaust. Present Roof Top Solar power capacity-3.22 MWp (Akurdi)- Total units generated. 32.738 lakh KWH. Total savings H 292.22 lakh.
- The Jamnalal Bajaj Foundation is committed to the rural development activities in the Wardha district. The Foundation substantially funds programs that facilitate economic development, hygiene, and health care, child and adult education, women and child welfare, and alternative use of natural resources. Of special significance is the Foundation’s financial contribution to widows and children of farmers of the Vidarbha district, who have committed suicide.
- At IIT, Powai, they have supported in building a world-class iconic building named ‘Rahul Bajaj Technology Innovation Centre‘, which will be a seven-story building with about 200,000 sq. ft. area and will consist of three departments:
- SINE – Society for Innovation and Entrepreneurship
- IRCC – Industrial Research and Consulting Centre
- IDC – Industrial Design Centre
- All the three centers will facilitate the conversion of innovative ideas, research activity into entrepreneurial ventures, to support existing industries to develop products to create a manifold impact on society, development of eco-friendly products leading to the creation of wealth and social value through successful ventures and thus contributing to national growth. The innovation center is expected to be ready by December 2020.
- Rahul Bajaj Technology Innovation Centre (RBTIC) is a partnership with the India Institute of Technology, Bombay.
- Laxminarayan Devasthan Trust Supported in the renovation of the Laxminarayan Mandir, Wardha and which is a landmark in their social development, as it was the first temple to open its gates to the Dalits then untouchables.
- Foundation of Ecological Security, Anand, Gujarat: One of the most critical problems being faced today is the degradation of land and water resources in the catchment areas. This has led to depleting water supplies, thereby affecting agricultural productivity. This project intends to augment the conservation of water for improving the resilience of agriculture in rain-fed areas. The project is spread over the Bhilwara, Udaipur, Rajsamand, Chittorgarh, and Pratapgarh districts of Rajasthan, covering an area of more than 35,000 hectares. The total commitment from Bajaj to this project is H 270 million, out of which H 148.5 million has already been disbursed till December 2019.
- Bajaj believes that a company alone cannot be sustainable unless it takes along its supply chain. They support their vendors to become globally competitive in terms of safety, quality, production, delivery, cost, and human development. The TPM concept is pervasive at vendors’ end with the help of BAVA (Bajaj Auto Vendors Association). At present: l,174 Tier 1 vendor groups from their supply chain are practicing TPM. Of these, 128 have been conferred with the ‘BAL TPM Award’ and 71 have secured the ‘BAL TPM Excellence Award’. Going further, 23 of the 71 ‘BAL TPM Excellence’ awardees have successfully challenged the next level of award, i.e. the ‘JIPM award for Excellence in TPM’. In addition, BAL’s TPM practicing Tier I vendors have extended TPM practices down the supply chain to their vendors. Thus, the TPM way is now being practiced by 295 Tier II vendors. Of these, 167 have been certified as TPM awardees by their respective Tier I vendors.
- The signing of an anti-corruption initiative of World Economic Forum (WEF) in support of the initiative taken by WEF, with a view to strengthening the efforts to counter bribery and corruption, the Company is a signatory to the ‘Commitment to anti-corruption and is supporting the ‘Partnering Against Corruption-Principles for Countering Bribery’ derived from Transparency International’s Business Principles. This calls for a commitment to two fundamental actions viz. a zero-tolerance policy towards bribery and the development of a practical and effective implementation program.
- Adoption of Confederation of Indian Industry (CII) Charters the Company, being a member of CII, has adopted the following Codes/Charters: 1. CII Code of Conduct for Affirmative Action; 2. Model Code of Conduct for Ethical Business practices; 3. Charters of Fair and Responsible Workplace Guidelines for Collaborative Employee Relations; and 4. Charters on Fair and Responsible Workplace Guidelines for Contract Labour.
- Aasra Trust – Education for street children, Dehradun, Uttarakhand The project in partnership with Bajaj works towards empowering street children with education.
- Swadhar – School Intervention program for underprivileged children in classes 1-4, Pune Urban The project runs in partnership with Swadhar towards facilitating school intervention in 58 schools in PMC and PCMC, Pune for children between classes 1-4.
- CORD, Almora, Uttarakhand – Chinmaya Organization for Rural Development (CORD) in partnership with Bajaj is undertaking integrated rural development programs that include: community institute building, gender, health, women empowerment, livelihood, micro-credit, social inclusion of disabled, etc.
The company has some certificates and awards, but no expressed targets. It implicitly aligns with 13 out of 17 UN SDGs, which is more than many other companies.
The automotive company is making good progress in ecological conservation, renewable energy, clean water, human rights, poverty, education, gender equality, and innovation in alignment with the UN Sustainable Development Goals. Their initiatives cover various aspects of corporate social responsibility and they appear to show solid integrity and leadership in their business approach.
However, the company does not communicate its goals specifically and clearly, which makes it difficult to identify its true progress. In addition, particularly because the company is in the automotive sector, it is imperative that they prioritize tracking the effects of their environmental footprint and are doing everything in their power to offset it as much as possible.
It is not clear if the company is achieving this or not without clear targets and metrics identified. This company has been rated a C.
Analyst Outlook: Neutral
The company has many admirable initiatives and should continue making progress with its ethical business practices. To achieve greater success in sustainability, the company should communicate its progress in a more organized manner by identifying its specific targets, sustainability metrics, and clear alignment with UN SDGs.
- ‘BS’ in BS VI stands for ‘Bharat Stage’ which signifies the emission regulation standards set by Indian regulatory bodies.
- The ‘VI’ is a roman numeric representation for six. The higher the number gets, the stricter the Bharat Stage emission norms get which eventually means it becomes trickier (and costlier) for automakers to meet them. These emission standards were set by the central government to keep a check on the pollutant levels emitted by vehicles that use combustion engines. To bring them into force, the Central Pollution Control Board sets timelines and standards which have to be followed by automakers. The company implies that its practices indeed meet these standards.