Businesses traditionally have focussed on their financial performances, and the key metric for growth was on the increased year-on-year financial gains. The importance of financial gains overshadowed several other key business operations.
Fast forward to 2021, millennials expect businesses to focus on nonfinancial parameters, and question sustainable ways of working. They have a reputation for being valuesdriven and are concerned about climate change, social responsibility and control over ways of working (governance). Millennials couldn’t have been more correct. We have major climate change issues requiring immediate attention, which if delayed, can lead to devastating consequences.
In line with this recent conscientiousness, industries across sectors and geographies have zeroed in on three key indicators to measure a firm’s nonfinancial performance i.e. Environment, Social and Governance (ESG) and a structured disclosure of performance. For the J M B axi Group, ESG is just another day in the office. Throughout its operating years, there has always been high priority given to the environment we operate in; the employees, communities involved in our day-to-day working and ensuring that works are carried out within statutory and legal boundaries. We have constantly valued our business ecosystem and have worked towards a sustainable future.
We have formed an ESG Sustainability committee chaired by Krishna Kotak, Chairman of J M B axi group. The ESG committee consists of team Leaders and committee members who work on various ESG related projects as follows:
- Electrification of mobile equipment
- Tree plantation
- Solar and wind energy
- Bio fuel
- Stakeholder engagement and community outreach
- Employee engagement and wellness
- Diversity and inclusion
- Composting and waste management
- Water management
However, it is now time to announce to the world about the good work we have been doing under the ESG umbrella. To help us in this journey to disclose our ESG performance we have appointed a team of multidisciplinary professionals passionate about sustainable ways of doing business.
As part of this initiative, we will have
4 ESG MODULES | ||
---|---|---|
Module 1 | ||
Materiality Assessment and Maturity diagnostics. ESG Framework and Roadmap | ||
Module 2 | ||
GHG inventorisation | ||
Module 3 | ||
ESG report 2020-21 | ||
Module 4 | ||
ESG performance rating advisory |
The goal is to become the leader in ESG in the llogistics and port sector, and constantly challenge ourselves to deliver and improve our sustainable ways of working. Let’s together work towards a better and cleaner future.