Infrastructure projects
Our team has accomplished several feats in various villages around the area. We repaired toilets at Zilla Parishad school in Inzhapur while also giving the compound wall in Chitoda a fresh coat of paint. But that’s not all – we built water filters in both Bhugaon and Selukate, and we’re completing a bridge by the end of the month. We even managed to provide numerous trucks of slag to villages to help with construction projects. We didn’t forget about education – we were thrilled to provide desks and benches to the school in Selukate. But our work is far from done, as we’re currently in the process of constructing boundary walls and toilets for village schools. Stay tuned for updates as we continue to make a difference in these communities.
BAIF Rural Livelihood Program
We launched a Rural Livelihood Program in July 2022 for 5 villages near the Wardha Steel Complex. Our focus is on empowering women farmers over the next 3 years. We introduced climate-smart agriculture practices, like double cropping and drip irrigation, to boost yields. We also taught dairy farming techniques, like Sorted Semen Artificial Insemination and green fodder cultivation, to create an additional source of income. Moreover, small-scale enterprises, such as Vermicompost and soap making, were established through existing Women Self Help Groups. We spread awareness about the project through Gram Sabhas and formed Village Development Committees to select direct beneficiaries.
And to be frank, we’re not just boosting milk production, we’re taking agricultural techniques to the next level! With artificial insemination for families’ cattle and cost-efficient practices for local communities, we’re revolutionizing rural livelihoods. And it doesn’t stop there. We’ve provided a few hundred beneficiaries with everything from drip irrigation to biogas plants and even introduced new-age farming practices to numerous demo plots. We’re not just creating opportunities, we’re empowering individuals through independent business ventures like vermicomposting and spices in Selukate. And the best part? Our objective is to keep track of the income improvement that comes from these activities over the last year. We’re changing lives and building a brighter future – that’s what we call progress.
Dear Stakeholders,
In the pursuit of sustainable business practices, our commitment to creating an ESG report is a pivotal step towards a brighter future. The objective is to capture all the non-financial risks and opportunities inherent in day-to-day activities. Our focus spans a diverse range of critical issues, from climate change to workplace conditions and ethical conduct. We are united as a team, valuing every individual and investing significantly in their well-being, professional development, and the creation of a safe, and healthy working environment.
ESG strategy not only secures investor confidence and customer loyalty but also reduces operating costs, enhances asset management, and improves our financial performance.
Our approach to Environmental, Social, and Governance (ESG) is pivotal as we navigate the rapidly evolving business landscape. Today, I address key facets integral to our success and our unwavering commitment to sustainability, social responsibility, and the betterment of the Indian economy while caring for our planet.
- Health and Safety: The welfare of our employees, customers, and communities has always been a top priority. Ongoing global health challenges reinforce the importance of a robust health and safety framework. We will continue to invest in measures that protect the health of our workforce and ensure the welfare of all stakeholders.
- Digitalization: In a world undergoing digital transformation, staying ahead is vital. Our commitment to digitalization is about enhancing efficiency, reducing our environmental footprint, and optimizing our operations.
- Environmental Initiatives: We are committed to reducing our carbon footprint, conserving resources, and participating actively in environmental initiatives. This includes setting ambitious yet achievable sustainability goals, utilizing eco-friendly practices, and investing in renewable energy sources.
- Contributing to the Indian Economy: Our operations significantly impact the local and national economies. We focus on job creation, skill development, and supporting small and medium-sized enterprises in our supply chain.
- Performance in the Steel Industry: The steel sector has been the backbone of economic growth and infrastructure development globally, and we are on the path of expanding our operations sustainably.
- Challenges in the Steel Industry: The Steel industry faces a multitude of challenges including environmental impact, market volatility, global trade pressures, dependence on import for coking coal, poor logistics and infrastructure, high energy consumption, higher taxes, technological changes, and regulatory compliance. We are always on the look-out for innovative ideas to curtail the impact of these challenges faced by the steel industry.
- Our Commitment to ESG: We remain committed to ESG principles, as we steer our company towards overall success which not only aims at economic success but also upholds responsibility and accountability. We aim to pursue cleaner production, and innovation in steel productivity, uphold efficient global trade practices, invest in workforce development, and ensure regulatory compliance.
Aligning our strategy with ESG principles enhances our resilience in a changing world. I extend my gratitude to our Evonith Steel family for their dedication. Together, we can make a positive impact and build a Better Today and, moreover a stronger, and responsible future.
Best regards,
Anil Bangur
Director, Evonith Steel
Dear Stakeholders,
It is with immense pride that we unveil Evonith Steel’s inaugural Environmental, Social, and Governance (ESG) Report, a momentous milestone that signifies our unwavering commitment to ESG principles throughout our organization. This report is a comprehensive reflection of our journey, providing invaluable insights into the progress made, results achieved, and our future commitments.
At the core of Evonith Steel’s ethos are our clearly defined values: Here for All – Here for People, Here for Impact, Here for Excellence. Our dedicated cross-functional ESG committee, comprising 12 members, ensures the pervasive integration of these principles across our organization, aligning our focus areas with our core values.
We have instituted specific programs to exemplify our dedication, ranging from prioritizing worker safety and supporting local communities to reducing our carbon footprint. Highlighted below are key initiatives that underscore our commitment:
Health and Safety: Our Occupational Health and Safety (OHS) management systems adhere to global standards, with a focus on achieving zero harm through Hazard Identification Risk Assessment (HIRA) and safety techniques.
Diversity and Inclusion: The independent D&I Committee, consisting of 28 cross-functional members, actively promotes diversity and inclusion through training programs and talent acquisition, with a specific emphasis on empowering our female colleagues.
Addressing Climate Change: We actively reduce our carbon footprint, enhance energy efficiency by focussing on processes, technology & risk assessment. We adhere to ISO 50001 standards, involving employees at all levels in energy management.
Managing Water Resources: Responsible water usage practices are integral to our ESG framework, considering environmental and biodiversity impacts.
Vocal for Local: We prioritize local procurement from micro, small, and medium-sized enterprises (MSMEs) to support local economies.
Business Ethics: Upholding the highest standards of integrity, transparency, and accountability.
Corporate Social Responsibility: Commitment to community well-being is demonstrated through initiatives in education, healthcare, and socio-economic development, focusing on ten nearby villages.
Our report provides an in-depth exploration of the actions taken and outcomes achieved, showcasing Evonith Steel’s evolution into a sustainable and growth-oriented company. This journey towards financial and operational discipline strengthens our commitment to creating a Better Today for All. Through this report, we extend transparency and insight into our sustainability initiatives and future commitments.
To our valued stakeholders — employees, contractors, communities, suppliers, customers, partners, shareholders, and investors — we express sincere gratitude for your unwavering support. At Evonith Steel, we remain steadfast in our dedication to excellence, both in financial performance and meeting ESG targets.
As we anticipate the future, we stand firm in our commitment to our values. Together, we will shape a sustainable, prosperous, and impactful future. We encourage each stakeholder to delve into the report and join us in our pursuit of excellence, making a meaningful difference in the world.
Yours sincerely,
Jai Saraf
Chairman, Evonith Steel