The environmental aspect of ESG focuses on your Company’s efforts to minimise its carbon footprint and manage defined resources responsibly while adhering to relevant regulations. The social dimension involves evaluating the Company’s relationships with vendors, employees, customers, and communities. The governance component assesses the Company’s strategic framework for managing its operations. For Manaksia Steels, ESG is particularly important because the manufacture of its products relies on natural resources, either directly or indirectly. Any deviation from responsible practices or perceptions of irresponsibility could significantly affect the Company’s reputation and market position, and the opposite is also true.
At Manaksia Steels, our environmental commitment focuses on using eco-friendly resources, minimising consumption to what is essential, and promoting waste recycling. We also strive to limit fossil fuel use to moderate levels and enhance our resilience to climate change. By prioritising responsible environmental practices, we aim to reduce our ecological footprint and advance sustainability in our operations.
Our company installed pollution control equipment to reduce emissions.
Prioritised the use of relatively clean LPG over high-sulphur liquid fuels.
Manufactured products that are environmental friendly and recyclable.
Adhered to all statutory environmental regulations.
Enhanced tree plantation initiatives across manufacturing units.
Invested in cutting-edge technologies to lower energy consumption.
Installed a 1 MW solar plant for captive energy consumption.
Manaksia Steels focuses on investing in employees, vendors, customers, and community engagement. We understand that fostering strong relationships with these stakeholders is essential for mitigating risks related to supply, demand, and production disruptions.
Here, we emphasise community well-being through CSR initiatives that address underserved areas and promote social responsibility and environmental sustainability.
Workforce: We are dedicated to excellence in product quality and resource efficiency, with our workforce playing a pivotal role in these achievements. Our strategic investments in recruitment, retention, and training reflect this commitment.
Customers and Vendors: We have strengthened partnerships with vendors of capital equipment, spare parts, and customers. By collaborating with prominent vendors who align with our values of quality, sustainability, and responsible business practices, we ensure a shared commitment to these principles.
Our company conducted comprehensive training programs to educate workers on safety measures.
Established standard operating protocols to enhance employee safety.
Organised health camps providing free health check-ups as part of its commitment to employee wellness.
Offered detailed education and training programs on the hazards associated with handling toxic chemicals.
Prioritised safety through proactive measures, including a well-defined safety policy, regular awareness initiatives, periodic performance reporting, recruitment of experienced professionals, comprehensive training, mock drills, and investment in state-of-the-art equipment.
Appointed a dedicated safety officer to reinforce commitment to employee health and safety, ensuring compliance with industry standards and best practices.
Our commitment to governance involves clearly defining our business strategy, values, codes of conduct, Board responsibilities, and composition, while adhering to the principles of the United Nations Global Compact (UNGC). We are dedicated to maintaining robust governance practices that promote transparency, accountability, and ethical decision-making, ensuring responsible and sustainable business operations.
Appointed experienced and independent directors.
Established a Whistle blower mechanism enabling employees to report concerns directly to the Chairman of the Audit Committee.
Addressed investor complaints promptly and efficiently.
Promoted real-time internal audit engagement with auditors, submitting quarterly audit reports to the Audit Committee and Board, along with an Action Taken report.
Developed policies in accordance with the Companies Act and SEBI regulations to ensure compliance and uphold good governance practices.
Conducted separate meetings of Independent Directors to evaluate the performance of individual Directors and the Board.
Provided the Board with updates on statutory and regulatory amendments from various government departments.
Maintain transparent communication with shareholders, ensuring that all price-sensitive information was disclosed through official announcements to the stock exchanges.
At Manaksia Steels Limited, the commitment to social responsibility extends beyond core business operations. Our company is dedicated to making a positive impact on communities, with a focus on health, education, and environmental sustainability. Our CSR initiatives are mentioned below:
Health and Wellness Programs
Our company undertook several health-focused initiatives, demonstrating its commitment to improving public health:
Free Medical Check-Up and Bio-Screening Camp:
In observance of World Diabetes Month 2023, your Company organised a comprehensive medical checkup and bio-screening camp in Purba Medinipur. This camp provided essential health services to diabetic patients from underserved villages, offering free consultations and screenings to support early diagnosis and management of diabetes.
Health Check-Up Camps in Kolkata:
Continuing its health and wellness efforts, your Company conducted multiple health checkup camps across Kolkata. These camps offered free medical consultations, screenings, and health advice to underprivileged communities, ensuring access to necessary healthcare services for those in need.
Enhancing Educational Facilities
Our company invested in educational infrastructure to support learning in rural and underserved areas:
Computer Facilities in Local Schools:
To bridge the digital divide, your Company established modern computer facilities in schools located near the factory. This initiative provides students with access to essential digital tools and resources, equipping them with the skills required for the future.
Infrastructure Improvement for Schools Serving Orphans and Special Needs Children:
Our company donated funds to enhance the infrastructure of a school serving orphaned children and those with hearing and speech impairments. This contribution included support for the supply and installation of new steel and glass windows, improving the safety and functionality of the facilities of the school.
Environmental Sustainability Efforts
Our company is committed to promoting environmental sustainability through impactful projects:
Development of Electric Crematorium:
Demonstrating its dedication to environmental stewardship, your Company donated H50 Lakh towards the development and construction of a new electric crematorium in South Kolkata. This initiative aims to promote cleaner and more sustainable cremation practices, contributing to improved air quality and reduced environmental impact.
At Manaksia Steels Limited, the commitment to social responsibility extends beyond core business operations. Our company is dedicated to making a positive impact on communities, with a focus on health, education, and environmental sustainability.
Our company undertook several health-focused initiatives, demonstrating its commitment to improving public health.
In observance of World Diabetes Month 2023, your Company organised a comprehensive medical checkup and bio-screening camp in Purba Medinipur. This camp provided essential health services to diabetic patients from underserved villages, offering free consultations and screenings to support early diagnosis and management of diabetes.
Continuing its health and wellness efforts, your Company conducted multiple health checkup camps across Kolkata. These camps offered free medical consultations, screenings, and health advice to underprivileged communities, ensuring access to necessary healthcare services for those in need.
Our company is committed to promoting environmental sustainability through impactful projects.
Our company invested in educational infrastructure to support learning in rural and underserved areas.
To bridge the digital divide, your Company established modern computer facilities in schools located near the factory. This initiative provides students with access to essential digital tools and resources, equipping them with the skills required for the future.
Our company donated funds to enhance the infrastructure of a school serving orphaned children and those with hearing and speech impairments. This contribution included support for the supply and installation of new steel and glass windows, improving the safety and functionality of the facilities of the school.
Demonstrating its dedication to environmental stewardship, your Company donated H50 Lakh towards the development and construction of a new electric crematorium in South Kolkata. This initiative aims to promote cleaner and more sustainable cremation practices, contributing to improved air quality and reduced environmental impact.
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