Stock Report

Sansera's ESG World for a Sustainable Future

Posted On : 2023-11-29 15:30:29( TIMEZONE : IST )

Sansera Engineering Limited, known for developing complex and critical precision engineered components for the automotive and non-automotive sectors over multiple decades, has announced its commitment to Environmental, Social, and Governance (ESG) principles.

In today's world, ESG has become a central theme globally for businesses, investors, and stakeholders. It encompasses a wide range of practices that address critical global challenges, from reducing environmental impact and fostering social responsibility to ensure good governance practices. Recognizing the importance of these factors in shaping the future of our industry and the world at large, Sansera is taking significant steps towards incorporating ESG considerations into its core operations to ensure a sustainable and ethical future. Our ESG initiatives are multifaceted and span over multiple dimensions. We believe that by prioritizing ESG considerations, we can drive innovation, foster trust, and create long-term value for all our stakeholders.

1. Environmental Responsibility: We are committed to reducing our carbon footprint and mitigating environmental impacts by investing in sustainable technologies, improved manufacturing processes, reducing emissions, conserving resources, minimizing energy consumption, using renewable energy, reducing waste, and improving the overall eco-friendliness of our operations to ensure our operations have a minimal impact on the planet.

2. Social Engagement: We believe in our social responsibility, both within and outside our organization. Our responsibility extends beyond our products and services to our people and the communities where we operate. We are committed to creating an inclusive and diverse workplace, actively engaging in social initiatives that empower our employees and supporting the well-being of the communities where we operate.

3. Governance Excellence: Transparency, integrity, and accountability are the cornerstones of our governance practices. We constantly review and improve our corporate governance to ensure that it aligns with the highest ethical standards and legal requirements. We have an ESG policy and governance mechanism around to ensure that we are on track with respect to our ESG goals and commitments.

Sansera understands that embracing ESG principles is not just a moral obligation and duty but also our privilege to make a positive impact on the world we live in. By integrating ESG considerations into our business, we are better positioned to attract responsible investors, foster long-term growth, and meet the evolving expectations of our customers, employees, and partners. We will continue to work diligently to meet the ESG goals, to hold ourselves accountable, and to report our progress openly and transparently.

Commenting on ESG, Mr. B R Preetham, Executive Director & CEO, Sansera Engineering Limited said, "I am deeply proud to state that our Plant 11, Bidadi, Bangalore was awarded with a prestigious Platinum Certification by the Indian Green Building Council (IGBC) way back in 2020, nominated as one of the three nominee globally by our customer Daimler for environment sustainability in 2021 and recognized as Ecovadis Silver Medal 2023 for Sustainability rating. We are pledged to our journey toward embracing Environmental, Social, and Governance (ESG) principles. ESG is not just a buzzword; it's a fundamental compass guiding our business's purpose and direction. We recognize that our success is linked with our responsibility towards our planet, our people, and our governance practices."

Shares of Sansera Engineering Ltd was last trading in BSE at Rs. 827.60 as compared to the previous close of Rs. 850.10. The total number of shares traded during the day was 13986 in over 1268 trades.

The stock hit an intraday high of Rs. 846.90 and intraday low of 825.30. The net turnover during the day was Rs. 11662967.00.