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0161-5000551

BXXIX-2254/1, Kanganwal Road, P. O.

Jugiana, Ludhiana, Punjab, India - 141120

marketing@happyforgingsltd.com

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Our ESG Approach

Leading Change for a Better Future

As we scale responsibly, ESG drives our decisions, culture, and investments. In 2024–25, we established a cross-functional ESG Committee, led by our Whole-Time Director, to guide our sustainability journey. Anchored in leadership, inclusivity, environmental care, and governance, we align business goals with global imperatives to create lasting value.

Our ESG Roadmap

We’ve crafted a forward-looking ESG roadmap anchored in five strategic pillars: strategy, governance, measurement, implementation, and disclosure. This framework was shaped through rigorous gap analysis, peer benchmarking, and active stakeholder engagement. It is both comprehensive and actionable.

Key Milestones
  • ESG Committee Formation: A cross-functional team, led by our Whole-Time Director, oversees integration and continuous monitoring.
  • Materiality Assessment: Identifies critical ESG priorities and risk areas.
  • Data Readiness: Aligns internal systems for accurate and transparent ESG disclosures.
  • Assurance Preparation: Builds audit-ready processes for credible reporting.
  • Long-Term Target Setting: Defines measurable goals across environmental, social, and governance dimensions.

Each milestone aligns with globally recognized frameworks, including ISO 14064, GRI, TCFD, and CDP, making our roadmap internationally benchmarked and locally relevant.

Our ESG Focus Areas

Through a comprehensive materiality assessment, we identified key ESG priorities that shape our strategy and actions:

  • Environmental Stewardship: Focused on managing energy and emissions, and reducing water usage and waste.
  • Social Responsibility: Committed to occupational health and safety, employee well-being, and inclusive hiring practices.
  • Ethical Governance: Dedicated to integrating ESG risks, promoting board diversity, ensuring transparency, and conducting supplier due diligence.

ESG Strategies and Targets

We’ve set time-bound ESG goals to turn our commitments into measurable impact. These targets reflect our ambition and accountability across environmental, social, and governance priorities.

Environment
  • Reduce Scope 1 and Scope 2 emissions by 50% by 2030*
  • Achieve 100% Zero Liquid Discharge implementation across all sites
  • Lower freshwater consumption by 35% by 2031-32*
  • Install a 20 MW solar plant by 2028
  • Reduce non-hazardous waste by 30%*
  • Participate in CDP Climate Change disclosure

Social

  • Cover 100% of our workforce with skill development programmes
  • Lower LTIFR by 50% by 2030*
  • Provide human rights and safety training to all raw material suppliers
  • Conduct impact assessments for at least five CSR projects

Governance

  • Link ESG performance to Board evaluation KPIs
  • Introduce an ESG risk management framework
  • Screen suppliers for sustainability alignment
  • Strengthen policies on ethical conduct and compliance

Together, these strategies reflect our core belief. Sustainability must be woven into everything we design: our products, our organization, and the future we envision.

*From baseline