ESG Strategy

Envisioning a Sustainable Future

Bajaj Electricals has utilised the materiality assessment as a foundation for creating a strategic ESG framework. Our ESG Strategy serves as a blueprint for seamlessly integrating ESG considerations into our core business. It plays a crucial role in establishing a comprehensive roadmap for our future endeavours. To effectively support our purpose, we have identified four strategic pillars that form the foundation of our ESG initiatives. These pillars, in turn, are further strengthened by ten specific focus areas.

Together, these pillars and focus areas provide us with a robust structure and clear direction for effectively addressing and incorporating ESG factors into our day-to-day business operations.

1

Vision – Inspiring Sustainable Living

4

Strategic Pillars

10

Focus Areas

Strategic Pillars and focus areas with KPIs.

Empowering Our Team

Ensuring Safety

KPIs

  • Lost Time Injury Frequency Rate
  • Workplace Safety

Strengthening Human Capital

KPIs

  • Diverse and Inclusive workforce
  • ESG Training
  • Employee Delight

Unlocking New Possibilities

Sustainable Product

KPIs

  • Product Life Cycle and Innovation
  • Sustainable Products

Packaging Responsibly

KPIs

Eco-friendly Packaging

Preserving the Environment

Combating Climate change

KPIs

  • Energy and Emissions
  • Carbon Sequestration
  • Climate Risk Assessment

Enhancing Circularity

KPIs

  • Waste Management
  • Reduce Single Use Plastic

Sustainable Supply Chain

KPIs

ESG-specificVendorAssessment

Guarding Integrity

Guarding Integrity

KPIs

  • ESG communication
  • Business Ethics

Engaging with stakeholders

KPIs

  • Community Development
  • Employee Volunteering Hours
  • Inspiring Trust in Customers
  • Inspiring Trust in Suppliers
  • Customer Centricity

Respecting Human Rights

KPIs

Human Rights Assessments