Our endeavours to be #AlwaysBetter are rooted in Purpose, which is to create compelling value for our stakeholders. Purpose underpins our business strategy and finds expression in our efforts to continually create meaningful impact for our customers, employees, supply partners, distributors, investors, and society. Significantly, prioritizing Purpose also means that we continue to use the best technologies to produce high-end products that enable our global customer base to experience world-class compressors while making an increasingly positive impact on the natural environment.
At ELGi, we have always placed great importance on the welfare of society and the environment. In the past year, we embarked on a journey to streamline and systematize our environmental, social, and governance (ESG) initiatives. This endeavour has resulted in the development of a comprehensive Sustainability Framework, which encompasses a range of programs aimed at addressing the three key pillars of our approach: Always Responsible, Always Reliable, and Always Resilient. By adhering to these principles, we ensure that our operations are conducted responsibly, our products and services are consistently reliable, and our organization remains resilient in the face of challenges.
Our aim is to be #AlwaysBetter, constantly striving for improvement in our sustainability performance. Through our ongoing commitment to this mission, we seek to create a positive impact on society and the environment while delivering value to our stakeholders.
We strive for resource-neutral operations and focus on reducing our carbon emissions and improving water sustainability. Our goals include reducing carbon intensity by 28% and decreasing freshwater usage by 50% by 2026-2027. The efficient management of resources in our operations is reflected in various measures aimed at reducing water usage and waste. We aim to achieve resource neutrality and demonstrate effective product stewardship by the end of the decade.READ MORE IN THE ESG REPORT
We prioritize the health, safety, and well-being of our employees, striving for continuous improvement in productivity and cultivating a safety-first culture to achieve zero accidents. Our target is to achieve zero Lost Time Injury Frequency Rate (LTIFR) by 2026-2027, and we have made significant progress with an LTIFR of 0.44 in FY23. We are committed to upholding Human Rights of all employees and increasing the representation of womenREAD MORE IN THE ESG REPORT
At ELGi, we define successful governance based on how well each individual understands their role within the company and contributes to our collective progress. We have implemented practices that encourage active participation from employees at all levels, and we also seek input and feedback from external stakeholders on important development and growth-related topics. Accountability, ethics, and integrity are our key focus areas. We prioritize being accountable to our stakeholders and ensure that this value is communicated and practiced throughout the organization.READ MORE IN THE ESG REPORT
Our adherence to the ESG approach enables us to contribute to achieving several of the SDGs.Read More
ELGi is fully committed to integrating the ESG approach in our business practices and to achieving the goals and targets we have set ourselves as part of our sustainability roadmap.