Shree Cement Ltd

SCL's Board has the overall responsibility of guiding and steering the climate change vision, reviewing and guiding strategies, monitoring the implementation of transition plan and set-up systems and procedures to conduct operations of the company in adherence to its vision. Board also oversees the major capital expenditure as part of new project approvals. To ensure compliance with laws and regulations concerning environment and climate change, CSR and Sustainability Committee along with the ESG Committee monitors and reviews compliance requirements specified under various statutory requirement. The frequency of meeting of ESG committee is twice in a year and the minutes are recorded and presented to the board. However, ESG committee meeting can also take place if any important issue pertaining to climate change, water or energy etc. arises. The risk management committee of the board meets half-yearly to discuss enterprise level risks including climate change related risks. Through ESG committee meeting minutes, The entire Board is also informed and updated on legal frameworks related to energy, such as the Perform, Achieve, and Trade (PAT) scheme and the Renewable Purchase Obligation (RPO), among other KPIs. ESG performance is also one of the factors considered under the Remuneration Policy, approved by the Board, to determine the remuneration of Directors, Key Management Personnel and Senior Executives.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The Company's climate change strategy is communicated to the concerned internal stakeholders including the unit heads, energy managers etc., for them to act accordingly. The ESG committee with director on board is responsible to review these engagement and ensure that necessary steps are taken to reach the Company's short term targets on climate change and suggest course correction wherever necessary. Our Chief Sustainability Officer (CSO) also engages with internal and external stakeholders in alignment to the company's overall climate change strategy. Additionally, we partner with the organizations for engagement on climate related activities whom we understand would help us meet our climate change strategy.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]The Company's climate change strategy is communicated to the concerned internal stakeholders including the unit heads, energy managers etc., for them to act accordingly. The ESG committee with director on board is responsible to review these engagement and ensure that necessary steps are taken to reach the Company's short term targets on climate change and suggest course correction wherever necessary. Additionally, we partner with the organizations for engagement on climate related activities whom we understand would help us meet our climate change strategy.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes