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:
The 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.
To enhance the teaching & learning process for teachers & students with the use of technology, we have taken up the initiative to digitalize government primary school classrooms and make them more conducive for learning. Moreover, community driven initiatives have been executed to ensure that not just the students but the community as a whole understand the importance of education and support the initiatives.
To empower women in rural areas by creating sustainable farm and non-farm based livelihood opportunities.
To improve the preventive & curative health aspects of adolescent girls, women and community at large.
To empower female athletes coming from challenging backgrounds, in achieving their sporting endeavors and creating ambassadors of change.
Through the Wel-Krishi program, our teams work with the farmer’s community. An integrated approach is followed wherein we help them grow better produce, facilitate and get them the best of government schemes and provide support through dedicated experienced persons in the field.
Welspun’s green initiatives are factored into the Wel-Prakruti program. All activities related to nature constitute the program.
To reduce road accidents and improve emergency response services towards accident cases, the program dives into awareness on road safety and certified trainings to the communities living near the highways.
We-Volunteer is the about the organization supporting and encouraging its employees to contribute towards the community for mutual benefit.
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.
India - 000 800 9190236
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