Business Responsibility
& Sustainability Report

About This Report

Reporting Boundary

Materiality Process

A double materiality assessment was conducted in Q2 FY 2025-26, engaging 842 stakeholders across 8 categories. The assessment identified 12 material topics mapped to the 9 NGRBC Principles.

Assurance

Frameworks Referenced

Table of Contents

Table of Contents (continued)

List of Abbreviations

List of Abbreviations (continued)

List of Tables & Figures

Tables

List of Tables & Figures (continued)

Tables (continued)

Figures

Message from the Board

Dear Stakeholders,

FY 2025-26 has been a landmark year for GreenTech Industries in our sustainability journey. As the global discourse on climate change intensifies and regulatory expectations evolve, we have strengthened our resolve to integrate ESG considerations into every facet of our operations.

Our company, engaged in the manufacture of electronic components for clean energy — solar panels, energy storage systems, smart grid solutions and related EPC services — operates 6 manufacturing plants across India with a workforce of 4,800 permanent employees and 3,200 workers. We sit at the intersection of industrial growth and the clean energy transition.

Key Achievements in FY 2025-26

Environmental stewardship: We reduced absolute Scope 1 and 2 GHG emissions by 3.2% year-on-year even as revenue grew 14.8%. Renewable energy share reached 28.5%, up from 22.1%. Energy intensity per unit of turnover improved by 15.2%.

Water and waste: Water recycling rates improved to 74.2%, and our Vadodara plant achieved ZLD certification. Waste diversion reached 70%, with a target of 85% by FY 2027-28.

Social performance: Female participation increased to 19.8% of total headcount (target: 25% by FY 2028-29). LTIFR improved to 0.42 per million man-hours with zero fatalities for the third consecutive year.

Governance: 100% of Board members, KMPs and senior management completed Code of Conduct affirmation. The whistleblower mechanism resolved 12 complaints with 32-day average resolution time.

Three-Year ESG Roadmap

We acknowledge that gaps remain, particularly in Scope 3 emissions estimation, value chain human rights due diligence, and environmental management at newer facilities.

Executive Summary

Assurance Readiness

Principle-wise Compliance

Priority Action Summary

YoY Performance Highlights

Section A: General Disclosures

I. Details of the Listed Entity (Table 2)

Sector & Business Details

II. Products/Services (Table 3)

Product Sustainability Features (Table 4)

III. Operations (Table 5)

Market Coverage & Exports (Table 6)

Supply Chain Overview

IV. Employees (Table 7)

Contractual Staff

Diversity: SC/ST/OBC/PwD (Table 8)

Age Distribution (Table 9)

Turnover Rates (Table 10)

Hiring Data FY 2025-26 (Table 11)

V. Holding, Subsidiary & Associate (Table 12)

VI. CSR Details (Table 13)

Section B: Management & Process Disclosures

Policy Status — 9 NGRBC Principles (Table 14)

Policy Details (Table 15)

Policy Training Coverage

Self-Assessment Scores

Governance Structure (Table 16)

Board Competency Matrix (Table 17)

Stakeholder Engagement (Table 18)

Double Materiality Results (Table 19)

Section C: Principle-wise Performance

Principle 1: Ethics, Transparency & Accountability

Code of Conduct Coverage (Table 20)

Whistleblower Statistics (Table 21)

Anti-corruption Training (Table 22)

Regulatory Actions & Fines (Table 23)

Principle 2: Sustainable & Safe Products

R&D Investment (Table 24)

Sustainable Sourcing (Table 25)

LCA Results (Table 26)

EPR Compliance (Table 28)

Principle 3: Employee Wellbeing

Benefits Coverage (Table 29)

Safety Performance (Table 30)

Training (Table 31)

Grievances (Table 32)

Equal Remuneration (Table 33)

Principle 4: Stakeholder Engagement

Stakeholder Matrix (Table 34)

Initiatives for Disadvantaged Groups

Principle 5: Human Rights

HR Training Coverage (Table 36)

Minimum Wages (Table 37)

HR Grievances (Table 39)

Median Remuneration & Pay Gap (Table 38)

HRDD Assessment (Table 40)

VC Assessment Roadmap