Page 110 - Arvind 2024

S. No.
Material issue identified
Emissions and Energy Management
Indicate whether risk (R) or opportunity (O)
Rationale for identifying the risk / opportunity
Improving upon the energy efficiency and increasing renewable usage will support us in cutting down the energy expenses and achievement of pertinent emission reduction commitments.
1. By adopting advanced energy management and low- emission technologies, the company can position itself as a leader in sustainable construction practices.
2. Energy-efficient practices can lead to significant cost savings over time due to reduced energy consumption and reliance on renewable energy sources.
3. As sustainability becomes a key factor for consumers, showcasing a commitment to reducing emissions can differentiate the company in a competitive market
In case of risk, approach to adapt or mitigate
Financial implications of the risk or opportunity
4. Long-term strategic risks include the potential for stricter future regulations and the need for costly retrofits or upgrades to meet these new standards.
O
Health, Safety & Rights
R
Reputational risk if we fail to ensure fair labour practices, protection of human rights, health and safety of our employee.
1. The construction industry is prone to a high number of workplace injuries and accidents due to the nature of the work, which often involves heights and heavy machinery.
2. There is a moral obligation to ensure the safety and well-being of employees. Failure to do so can lead to a loss of trust and low morale among the workforce.
3. Non-compliance with health and safety regulations can lead to legal action, hefty fines, and increased insurance premiums, impacting the financial stability of a company
We conduct an assessment of potential risks across our project sites. This evaluation enables us to identify key areas where safety could be enhanced, and we are actively integrating these insights into our SOPs.
1. We ensure that all personnel are equipped with the necessary protective gear tailored to their specific tasks.
2. We are committed to continuous improvement in our safety standards. We regularly review and update our SOPs
Health, Safety & Rights
O
By addressing the above risks we are securing our social license to operate and representing ourselves as a socially responsible organisation.
1. By prioritizing health and safety, we can build a reputation as a responsible employer, which can attract talent and increase client trust.
2. A safe and healthy workforce is more productive, which can lead to faster project completion and higher quality outcomes.
3. Keeping up with health and safety regulations can prevent legal issues and fines, ensuring smooth operations.
4. Integrating health, safety, and rights into business practices contributes to sustainable development goals and corporate social responsibility initiatives
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Positive Implications
Negative Implications
Positive Implications
108 | Arvind SmartSpaces Limited