Elcom International Private Limited’s ESG Efforts Featured in Dun & Bradstreet ESG Champions of India 2023

Elcom International Private Limited, a leading electronics manufacturing company based in India, was recently featured in the Dun & Bradstreet ESG Champions of India 2023 report. In an interview with Dr Girish Vaze, Chairman and Managing Director of Elcom International, the company’s commitment to incorporating Environmental, Social, and Governance (ESG) principles into its business practices was highlighted.

Elcom International has taken several initiatives towards ESG in the past two years. The company’s manufacturing plant in Kolhapur has a solar rooftop that saves at least 40% of its energy costs and mitigates carbon dioxide emissions up to 12,977 tonnes. The company also uses treated sewage and effluent to irrigate its gardens and conserve water. In terms of social initiatives, Elcom International supports blue-collar workers and their families, differently-abled children through “Helpers of the Handicapped” in Kolhapur, orphans of military personnel, HIV patients, and education of underprivileged children through “Vanasthali Rural Development Centre” in Pune.

Elcom International engages with its stakeholders, including customers and employees, to implement ESG practices and demonstrate its commitment to sustainability and responsible business practices. The company provides RoHS and REACH compliant products to customers to ensure that its products have no negative impact on the environment or society. The products are designed using environmentally-friendly raw materials, and Elcom’s engineers and employees are trained to select ESG-compliant raw materials.

Elcom International plans to continue improving its ESG performance in the future by conducting an ESG audit to evaluate the impact of its operations on the environment and society. The company will identify areas of improvement and set measurable goals for the company to achieve. Elcom International will engage with its customers to understand their expectations and concerns regarding ESG practices and develop products and services that align with ESG principles. The company will educate its employees on ESG practices and encourage them to incorporate these practices into their daily work through training programs. The company plans to collaborate with its suppliers to ensure they also adhere to ESG practices. Elcom International will report its ESG performance to stakeholders, including customers, investors, and employees, using reporting frameworks such as the Global Reporting Initiative (GRI) or the Sustainability Accounting Standards Board (SASB) to provide transparent and consistent information about its ESG performance.

To read the complete interview with Dr Girish Vaze, please visit the Dun & Bradstreet ESG Champions of India 2023 report at https://tinyurl.com/pca5dmfx. Additionally, the interview is available on the Dun & Bradstreet website at https://www.dnb.co.in/events/esg/textinterview.aspx?slName=elcom.