Greaves Cotton Limited has announced the release of its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, along with an Assurance Statement. This report, the fourth edition, covers the period from April 1, 2025, to March 31, 2026, and includes financial and non-financial information for Greaves Cotton Limited and its material subsidiaries, Greaves Electric Mobility Limited and Excel Controlinkage Private Limited. The BRSR is structured around the National Guidelines on Responsible Business Conduct (NGRBC) and emphasizes the company's commitment to sustainability as core to its operations. Greaves Cotton has voluntarily partnered with an independent assurance provider to offer reasonable assurance on BRSR core indicators and limited assurance on broader sustainability metrics. The report details the company's business activities, which include manufacturing electrical equipment, general purpose and special purpose machinery, and transport equipment, accounting for 95% of turnover. Key product categories include Diesel, CNG & Petrol Engines (34% of turnover), own and multi-brand spare parts (27%), and Gensets (26%). The company serves 28 states and 8 Union Territories nationally and 22 countries internationally, with exports contributing 10% to consolidated turnover and 13% to standalone turnover for FY 2025-26. Greaves Cotton also provided details on its workforce, comprising 1,419 employees and 3,012 workers as of the financial year-end, with specific data on differently-abled employees and workers. The report highlights the company's CSR activities and compliance with section 135 of the Companies Act, 2013, noting a turnover of ₹1,988.02 crore and net worth of ₹1,443.71 crore as of March 31, 2025. Material responsible business conduct issues identified include Product Safety and Quality, Climate Change and Energy Transition, Sustainable Supply Chain, Environmental Sustainability and Resource Efficiency, Protection of Human Rights, Customer Engagement and Satisfaction, Occupational Health and Safety, Talent Development, Diversity and Inclusion, Community Development and Social Impact, Cyber Security and Data Privacy, Innovation, Electrification and Clean Mobility Solutions, Business Ethics and Anti-Corruption, and Corporate Governance and Regulatory Compliance. The company has outlined its approach to adapt or mitigate risks and leverage opportunities associated with these issues, with financial implications ranging from positive to negative. The company's policies align with NGRBC principles and have been translated into procedures, extending to value chain partners. Greaves Cotton has achieved Zero Lost Time Injury Frequency Rate (LTIFR) and implemented various safety and environmental initiatives, including a target to reduce Scope 1 and Scope 2 greenhouse gas emissions by 13% and water consumption by 6% by 2030, aiming for Net Zero by 2070. The report also details community development and employee engagement initiatives.
