ESG is an important aspect of business and there is a keen interest in this along with the financial performance of the company. A holistic approach to ESG is important to have harmonious relations with all stakeholders in our business – shareholders, employees, customers, suppliers, community, which is key to long term stability of our business model. CAIL understands this all too well.
CIE Automotive has laid down a detailed 5 years Strategic ESG Plan 20-25. This plan is aligned with the 17 UN Sustainable Development Goals (SDG) which were adopted by the United Nations in 2015 as a universal call to action to end poverty, to protect the planet and to ensure that by 2030 all people enjoy a semblance of peace and prosperity. CIE Automotive became signatory member of the UN Global Compact in 2015.
As a subsidiary, CAIL follows the guidelines laid down in CIE’s plan. There are four pillars of this plan viz. CIE Culture, Ethical Commitment, Eco Efficiency and Active Listening.
In CAIL, Key Performance Indicators (KPIs) are defined under each strategic pillar for every business vertical who specify targets and deadlines to be monitored. In all, there are almost 75+ KPIs monitored across CAIL.
ESG KPIs are integrated in the Balanced Score Card of individual plants and are monitored for progress monthly. Cross functional teams have been made at the plants to implement these KPIs. Periodic training is conducted for all concerned team members to emphasise the importance of these KPIs. The compliance status of individual plants is presented in the quarterly Apex Sustainability Council meeting.