corporate sustainability report 2014 - 15 genext...
TRANSCRIPT
GENEXT PRECISION
AUTOTECH PVT. LTD. Innovating our way to Growth
CORPORATE
SUSTAINABILITY
REPORT
2014 - 15
1
Contents
Vision, Mission and Values ...................................................................................................... 2
Innovating Our Way to Growth ............................................................................................. 3
About The Report .................................................................................................................... 4
Director’s Statement ............................................................................................................... 5
Organizational Profile .............................................................................................................. 7
Awards and Achievements ................................................................................................. 11
Corporate Governance ....................................................................................................... 12
Stakeholder Engagement .................................................................................................... 14
Materiality Analysis ................................................................................................................ 16
Environmental Performance ................................................................................................ 19
Social Performance ............................................................................................................... 21
GRI G4 Content Index ........................................................................................................... 30
2
Vision, Mission and Values
Our vision is to become preferred supplier
of fuel tanks, sheet metal parts & welded
assemblies, most admired by our stake
holders
Vision
Mission
To develop and supply fuel tanks, sheet
metal parts & assemblies ensuring total
customer satisfaction with a focused
approach on manufacturing technology
up gradation
1) Customer centric work culture .
2) Employee empowerment .
3) Improvising competencies of employee.
4) promote team work with adherence to systems and procedures.
5) Respect for laws, ethics and human beings.
6) Adherence to environmental compliances.
7) Innovation culture in the organization through continual improvement in all areas of operations.
8) Concern for Environment.
3
Innovating Our Way to
Growth Creating success and growth for our organization by providing the high quality products and
adapting to the latest market trends forms the base for the way we work. Creating a ladder
of growth and success for our company through an all-round development has been our
motto since our inception in 1990.We have relentlessly been working on developing every
business sector with which we have been involved.
In addition to creating business value in financial terms, we at Genext Precision Autotech Pvt.
Ltd. (further referred to as Genext Precision in this report) have always focused on providing
solutions suiting our customer’s requirements. We manage the dynamic market trends
through constant innovation and engage with our stakeholders at various levels to ensure
smooth flowing supply chain for the organization.
‘Customer satisfaction’ in every possible way has always been the driving force behind each
of Genext Precision’s business activities and shall always remain the center of focus in order
to create an all-inclusive sustainable growth for the company.
At Genext Precision, we believe that customer satisfaction can be achieved only if the
products and services provided by us are of the highest quality and meet industry standards
alongside meeting the ever-changing client specifications. In view to this, we have an expert
team of professionals who are highly skilled and can adapt to the latest technological up
gradation in the market, that leads to manufacturing of precision engineered automobile
components and parts.
While we focus on creating value for our company, we are also conscious about the impacts
of our operations on the environment and society in which we operate.
Our first sustainability report “Innovating our way to Growth” is a concept that inspires us to
optimize our business performance through constant innovations while incorporating
sustainability into the core of the business helping us to encompass our aspirations and
responsibilities to the society and to the environment.
4
About The Report We embark on our Sustainability Reporting journey with the theme “Innovating our way to
Growth” which has been our key focus throughout the business processes. The sustainability
report depicts our sustainability performance for the year 2014-15 and covers all our
manufacturing, supplying and exporting practices for various products and services. This
being our first report, we consider it as our first step towards our communication with
stakeholders and will continue this endeavor every year.
This report is a way to communicate to our internal and external stakeholders that we have
always believed in sustaining our leadership by relentlessly seeking to improve our
performance. We have functioned in a manner that we always found an opportunity of
growth in every challenge that came our way creating a solution to meet our customer’s
requirements.
We at Genext Precision rely on our internal management systems and processes to account
for our sustainability performance. This performance is based on the data and information
collected and collated from primary sources across our operations. Further wherever
required, we have used assumptions and standard equations and calculation
methodologies for quantification purpose. Certain information included in this report refers to
our future plans and intentions, in order to account for our sustainability approach. This
information relates to our strategy, future business plans and operations.
Our report describes various initiatives taken in relation to overall sustainability of the
organization, our management approach and our short and long term strategies.
This report is based on Global Reporting Initiative’s (GRI) guidelines and is in accordance to
‘core’ application level. The scope of the report includes single site of Genext Precision
Autotech Pvt Ltd (Manufacturing and services). A detailed table showing the reference to
reported GRI indicators has been presented in the GRI Index at the end of this report.
Report Scope and Boundary
Our project boundaries have been defined keeping in mind the perspectives of our key
management personnel together with the various issues and challenges identified through
various discussions or interactions with our customers, contractors, employees etc. An overall
review of these helped in identifying the key materiality issues that helped form the further
strategies.
The boundary setting process was done based on GRI principles. Each of the material aspect
was identified for its impact either outside or inside the organization and the scope of the
report was finalized. It was found that each of the material aspect had the relevant impact
within the organization.
Scope of our report for financial year FY 2014-15 includes all the operations like
manufacturing, assembling and supplying of automotive products at Genext Precision,
Nashik.
5
Director’s Statement
Dear Stakeholders,
It is a pleasure to present Genext Precision’s first sustainability
Report for financial year FY 2014-15. In spite of this being our
maiden Sustainability Report, our commitment to the concept
of sustainability has always been embedded in our systems,
processes and activities.
We at Genext Precision continuously strive hard and work
towards our vision to become leading sheet metal
components supplier to leading automobile
manufacture/O.E.Ms within & Outside India.
We are a client-centric organization; wherein all our efforts
are directed towards attaining the highest level of customer
satisfaction by providing them with a qualitative range of
automotive components and machine tools along with
affordable pricing. We believe in a strategic development
and adoption of newer technologies to keep ourselves in line
with the current market trends, which also helps us in reaching our organizational goals. While
pursuing our business goals, we strive not only to ensure compliance to applicable
regulations but also aim to achieve newer operational standards and innovative
approaches to meet the customer requirements even better.
Employees are our prime stakeholders and we take utmost care of them through employee
engagement and providing them with employee benefits. We have employee friendly
policies and conduct various events for our employees on regular basis. Trainings are also an
essential part of our management system, which in turn enhances productivity of our
employees by upgrading them with both technical and soft skills. We always try to choose
current topics for training, to keep our employees updated about current market scenario;
wherein most of the topics are related to employee benefits and employee health and
safety.
At Genext Precision, health and safety is given a top priority, which can be clearly seen
through our initiative in which, we arrange early morning exercise sessions for all our
employees before heading to work. Being a manufacturing company, we understand that
there are always health and safety risks associated with the work and it’s our responsibility to
take care of our employees. Alongside making the best quality PPE’s available for our
employees, we take pride in saying that we everyday provide a small training session to our
employees on the appropriate use and importance of PPE’s before heading for work.
Considering the mix of the employees in our organization and the current health sensitive
topics, this year we organized “HIV Aids” awareness programme for labor class people and
“Swine flu” awareness programme for all the employees.
In our endeavor to contribute our bit to the social progress of the country and enabling
better quality of life for our local communities, this year we tried to help our country in the,
“Swachha Bharat Abhiyaan”. All our employees cleaned the factory premises and nearby
areas. We have taken this first step towards community betterment and will explore more
opportunities in future to make our journey on sustainable path more significant.
Balasaheb Khairnar
Director
6
Our ethical business practices, client centric approaches, transparent business dealings and
market leading prices have enabled us to muster a huge customer base across the market
and form a positive image in the minds of all our stakeholders.
7
Organizational Profile Genext Precision is a Nashik based private company and has expertise in manufacturing
automobile components. We are a manufacturer, supplier as well as a service provider and
trader for Automobile components and parts.
Established in 1990, our company is
backed up with latest automated
design capabilities for tooling, a
state of art press shop and a
dedicated workforce. The design
facilities help the company to
respond quickly to the most complex
requirements of the customers.
Our advance management system
allows the company to arrive at
product feasibility, tooling
development, material planning and
machine loading in optimal time.
We at Genext have highly qualified
& experienced manufacturing team
with ever increasing challenges related to complex part geometry, very close tolerances,
Customization for specific products, meeting deadlines and delivery milestones.enquiry
Providing best quality products has been our motto since our inception and we achieve that
through our stringent quality system conforming to, “ISO TS/16949” standards, and an
excellent service backup which has enhanced customer’s confidence. Our performance in
domestic markets have been worth becoming one of the best suppliers of automotive parts
and have confidence to achieve a world class quality status & compete in a global market
in future.
We at Genext Precision Autotech Pvt Ltd. have been involved in manufacturing various
automotive parts and components, especially for OEM’s. We are focused on the
manufacture and supply of sheet metal components for the automobile and industrial
applications.
Our products are most complex fuel tanks, tubular and sheet metal components for the
automobiles along with other sheet metal press parts for the industry. We are experts in
suspension & body components for automobiles.
Quality of the products manufactured and supplied by us is of utmost priority to us, which is
why we have a dedicated team headed by a Quality Assurer to test and check the
manufacturing operations at every step in order to ensure that the products manufactured
meet the industry standards and are of premium quality.
Various automotive components, vehicle parts, fuel tanks etc. manufactured by us have
always been known by us for their durability, corrosion resistance, long-life and quality.
8
Our Products and Services
Vehicle Components Fuel Tank Assembly
For Mahindra Vehicles
Skid Plate Assembly
Body Reinforcement
Cross Sil l
Panel Floor
Reinforcement
Engine Mounting
Bracket
Pil lar Hinge Body
LH/RH
Support Gril le
Assembly
Assembly T R/R Real
Loor
Exten Side MBR
Engine Front Support
Fuel Tank Assembly
For Mahindra &
Mahindra Scorpio
Project
Foot Step Section Side steps for
SC,DC Scorpio -
Exports
Rear foot step for
U/V.
Side step for D/C.
Side step for
Marshal
Side step for
Camper Dx
Side step for Max
Pipe intercool inlet
CD for Scorpio
Pipe intercool
Outlet CD for
Scorpio
Connection Pipe
for Scorpio
Pipe Radiator inlet
Pipe intercool
Outlet CRDI for
Scorpio
Press section Sub Components
for Fuel Tank
Assemblies
Scuff Plates for
Scorpio
Flex Plates for
Exports Oil Pan for
Exports
Genext Precision Auto Industries Pvt. Ltd. has been serving a wide variety of customers. Well
established names of the industry prefer to work with us because of our record of consistently
delivering high quality products, on time and competitive prices.
The following partial clients served by Genext Precision; Mahindra and Mahindra, Renault
Nissan, Muco and Force Motors are representative of the scope of businesses.
9
Supply Chain Management
Exporting of the automotive parts and assemblies for various customers at various locations
leads to the need of identifying various environmental impacts due to the transportation of
these products and also for various logistical purposes or planning strategies also.
Ethical business practices along with meeting customer requirements indicates a need to
form systems and strategies to screen our suppliers and also describe processes used to
identify and assess significant impacts. (Kindly mention if any initiatives are taken on supply
management).
The supply chain management process is explained in the below figure:
FLOW PROCESS
CHART R.M. TO F.G
RAW MATERIALS
FROM MIL / Supplier
PRODUCTION
QUALITY CONTROL
DISPATCH
Sale to M&M
10
Employee Details
The number of employees working with Genext Precision are all males. The below table
shows bifurcation of contractual and Permanent workers.
Permanent Contractual
29 22
11
Awards and
Achievements Quality System MSES Award Level “B” Score is 62%.
Quality Management Systems ISO/ TS 16949:2009 Certified Company.
QUALITY STANDARD
12
Corporate Governance Our governance framework is founded on the principles of ethical business practices,
transparency, client-centric approaches and sound strategies.
Our team has efficient and talented professionals along with qualified technical staff. We
have engineers, machine operators, housekeeping staff, skilled and semi-skilled workers in
our team who are dedicated to their respective responsibilities and deliver their optimum
efforts in production of quality products. We maintain a fair environment among our
employees so that they are capable to deliver their best.
Our top management includes the following distinguished
professionals:
The Code of Conduct is applicable to all Employees of the Company and essentially lays
down the norms of Work Ethics to be observed during employment with the Company. The
Code of Conduct shall be strictly followed by all Employees.
Managing Director,
Balasaheb Khairnar
General Manager
N T Gajare
Manager (Accounts),
Sunil Amrutkar
Manager
(Purchase, logistics),
Sanjay Jadhav
Manager
(HR and Administration),
Gautam. P. Pagare
Plant . Head
V. P Bachhav
13
The below mentioned acts would come under the violation of Code of Conduct.
Stopping work before time.
Constant late attendance.
Excessive absenteeism.
Offensive/abusive conduct and/or language.
I rresponsible handling of Precision Group property.
Personal use of Precision Group property without permission.
False expense claim.
Smoking in the prohibited area in the premises.
Violence and harassment to other employees.
Disturbing / distracting other employees.
Theft of company property.
Intentional destruction of company property.
Intentional violation of company rules. Unauthorized possession of Weapons.
Disclosing confidential / financial information to outsider.
Being under the influence of drugs, alcohol or narcotics while on duty.
Taking or giving bribes.
Not providing details to concern authority in approved format while
Entering or existing out of the office premises for long duration either for
personnel or professional work
There is no change in the size structure and ownership of Genext Precision. Also we do not
have externally developed economic, environmental, and social charters, principles, or
other initiatives to which the organization subscribes or endorses. We do not have any
memberships association with any organization.
14
Stakeholder Engagement Management Approach
We at Genext Autotech firmly believe that ‘Stakeholder engagement’ is the key to
sustainable growth. Addressing company’s social or environmental impact cannot be
achieved without the collaboration, knowledge and expertise of the stakeholder. Their inputs
play a vital role in the way a company conducts its operations.
Also, stakeholder engagement is a facilitator of trust. Hence, identifying and engaging with
relevant stakeholders is a way to ensure smooth execution of operations. It also helps in
creating a safe environment for the workforce, customers and the community as a whole.
We identify our key stakeholders through their impact on our business and the value we
create for them in return. The concerns identified by them through various channels and
engagement mechanisms are vital for our successful business growth. At Genext Precision
engagement with stakeholders is an ongoing process and need based. The stakeholder
engagement was carried out with identified key stakeholders for gaining the inputs for the
report preparation process.
Our key stakeholders
Customers:
Any company’s Growth and success is dependent on its customers. “Customer satisfaction”
is our main driving force and our organization works towards the same without keeping any
stone unturned.
At Genext Precision our team engages with our clients and customers through various
platforms as it is important to understand the dynamic market conditions and address the
specific concerns and requirements in an effective and timely manner. Our ability to
develop products and customize them according to changing market demands and
specific requirements is vital for our current and future business growth.
Constant innovation and collaboration has always helped us build a strong business and at
the same time create a trust about our company in the minds of the consumers.
Employees:
Our employees are our most valuable resource and significant contributors to our success.
The employees are the ones who create and deliver the products or services to our
customers. We fulfill our commitment towards employee development by providing
adequate opportunities to them in the form of various training and learning sessions and
thereby help them hone their skills to the best.
To sustain our leadership, we relentlessly seek to improve our performance and also
encourage our team to make use of every business challenge and opportunity that comes in
our way and shape it to our purpose.
15
We have established initiatives to enhance our relationship with our employees through
various employee-based schemes and employee engagement events.
Shareholders’ and investors:
It is important for us to understand the priorities of our investors regarding various issues. This
enables us to optimize our performance and create maximum value for our investors.
At Genext Precision we interact with our investors through one to one interaction on a
monthly basis, in order to boost their trust in our company and also imbibe their suggestions
and opinions in our business strategies.
Our investors have built the trust amongst us because of our excellent risk management,
employee relations, proven record of wealth creation and our environmental and social
commitments. We have always demanded uncompromising ethical standards in all we do
and say when it comes to our investors.
We are committed to doing what is right—in good times and in bad and are accountable
for the commitments we make.
Suppliers:
As quality is of utmost importance for our business, it is important to maintain cordial
relationship with our vendors and contractors.
We have always maintained our stance on the suppliers maintaining a comprehensive
quality system to ensure compliance with the requirements of the contract.
We have a dedicated process that we follow to assess the capability and performance of
each supplier in order to ensure that each of our suppliers and sub-suppliers are also meeting
the industry standards and the raw materials procured are of the highest quality. Maintaining
positive relations with our vendors/contractors thus indirectly helps us build confidence with
our customers.
Community:
Engaging with the communities around our facilities and addressing their concerns is an
indeed important task. We are committed to good corporate citizenship. We strive to
contribute generously to our community by providing meaningful employment locally and at
the same time also support them at our best of our capabilities.
Our relationship with communities is vital with regard to the business operations that we carry
out which is why we interact with the communities at various levels and take various
measures to address their queries and concerns in the best possible method. We
continuously engage in dialogues with community members to improve our sustainability
performance and reduce business risks.
The suggestions and grievances of the local communities are responded at the earliest
possible time and in the least possible means.
16
Materiality Analysis
Management Approach:
Identifying Sustainability issues of critical importance is essential for developing a focused
and comprehensive sustainability strategy for our company. Therefore, it became necessary
to institutionalize a process for identifying the material sustainability issues and challenges for
the company and its stakeholders. The intent of setting up such a method is to deliberate
and focus keenly on the issues that impact us and our surroundings and which would also
create the path for future growth.
Our Process of Identifying Material
Aspects
A laundry list of material issues was prepared by KPMG in consultation with the senior
management at Genext Precision. The factors considered while listing down material issues
were; media reporting, internal review, external peer review, sector specific standards and
regulations and research on wider social and environmental trends and challenges.
Stakeholder’s were identified and prioritized based on their influence on Genext Precision
and Genext Precision’s Impact on the stakeholders. Employees, Customers, Suppliers,
Investors and local community were the key stakeholders considered in this study.
The internal and external stakeholders (except community) ranked the material issues on a
scale of 1 – 6 (where 1; very low, 2: low, 3: medium; 4: high, 5: very high and 6 is not
applicable) based on the impact and importance of the material issue for Genext Precision.
The local community’s feedback on material issues was taken and incorporated though one
to one interactions.
We arrived at the top five material issues for the Genext Precision by a scoring methodology,
where a simple average was taken for all the identified issues from all stakeholders, including
senior management. The Identified aspects were considered to be material and the report
content is based on these material issues.
Our Material Issues
1. Product Stewardship We, at Genext Autotech, are committed to manufacture and supply automotive
components and other vehicle parts of prominent quality as per customer's
specifications. Along with the continuously changing market conditions and
increasing competition, maintaining the quality of the services being provided
becomes an important challenge. As a result, it becomes increasingly important to
have a continual process to improve the standard of the products manufactured,
supplied or exported by our firm.
Being a quality conscious organization; we strive hard for achieving the highest
standard of the quality in each product. For this, we procure premium raw material
from the reputed vendors of the market for manufacturing our entire range of
products and services. We have defined processes in order to ensure that our
17
machining centers, machine tools and components, special purpose machines etc.
meet global industry standards and that raw material of the highest quality go into
our production processes.
We also have a team of experts, which monitors each level of production to ensure
that finished range is free from any kind of defect.
Continuous Improvement in regard to cost reduction is also an essential element of
long term business success for us and for our suppliers. In order to remain competitive,
it becomes a must for us to recognize the requirement to find effective ways to
eliminate waste and reduce the cost of our products.
While the current level of quality policy at Genext Precision has enabled us to
achieve a huge client base, we are constantly aiming to improve the same in order
to constantly meet the changing customer requirements. Also, innovation in any
business operation has been a constant motto for Genext Precision and that has
always helped us achieve success and growth even in the dynamic market
scenarios.
2. Employee Training and development Our people are our most valuable assets and investing in them helps us build a strong
organization. At Genext Precision, we measure growth not just in terms of the value
we deliver to our customers, but also in terms of the growth of our employees. We
believe that the welfare of our employees is integral to our vision to become a vibrant
organization.
Talent Management strategy at Genext Precision is focused on building future leaders
and creating a talent pool within the organization to ensure a pipeline of high quality
business leaders to steer the company forward on its growth trajectory. Hence the
company focuses on training their human resources for the overall development,
motivation and retention of their employees. Many training programmes are
arranged for the permanent and contractual workforce by us to enhance their
capabilities. This year also we had organized many employee trainings on currents
topics relevant to their overall development and the information is provided further in
this report.
3. Occupational Health and Safety Safety is one of the most important aspect at Genext Precision. As a Manufacturing
unit and supplier there is always a risk associated with health and safety of the
employees and utmost care should be taken to protect the employees. We
recognize the importance of the safety at workplace for our employees and always
strive to have zero injuries at our workplace.
Precautionary awareness of occupational health risks is an integral part of our
orientation program and on-site trainings, for both employees and contractors. We
also impart trainings on various health issues and safety concerns to our employees
and contractors on various issues for their general awareness.
4. Customer Satisfaction Customer satisfaction’ in every possible way has always been the driving force
behind each of Genext Autotech’s business activities and shall always remain the
center of focus in order to create an all-inclusive sustainable growth for the
company.
18
Managing customer satisfaction and meeting customer requirements has always
been the key area of focus at our company, which is why all our operations and
processes are always managed in a way so as to meet the needs of the customer
according to the changing market conditions.
At Genext Autotech, we believe that customer satisfaction can be achieved only if
the products and services provided by us are of the highest quality and meet industry
standards alongside meeting the ever-changing client specifications as well. To
achieve this we have created an expert team of professionals who are highly skilled
and can adapt to the latest technological up gradation in the market that leads to
manufacturing of precision engineered automobile components. Even for the
products that are supplied directly without customization, we provide a wide range
of varied products in each of the category so as to suit the needs of every particular
client.
Our Team members have always maintained a point to interact with the customers
through various mediums in order to know their needs in a better manner and shall
continue to strive towards achieving a better customer-management relationship
through various efforts.
5. Energy Consumption Our efforts in energy management focus on an integrated approach which entails all
the steps in the value chain – from transportation of raw materials from the plant, to
the production of automotive components and further the dispatch of the final
products to our customers. This seamlessly coordinated production chain and the
concentration of expertise, provide an excellent basis for symbolizing product
characteristics while at the same time reduces energy and resource consumption.
Materiality Issues Materiality Aspects GRI
Indicators
Product Stewardship Non GRI
Employee Training and
Development Training and Development G4-LA9
Occupational Health and Safety Occupational Health and
Safety
G4-LA5,G4-
LA6
Customer Satisfaction Product Service and Labelling G4-PR5
Energy Energy G4-EN3
19
Environmental
Performance
Management Approach
While the global demand for engineered automotive components and vehicle parts is
constantly increasing with the ever-growing automobile sector, it also indicating an
increased use of natural resources for the production of the same. This demand is expected
to only increase at a prolific rate in the future.
We realize that these resources are shrinking and therefore the need of the hour is to utilize
them as efficiently as possible and reduce the wastage to the maximum extent possible.
To reduce the environmental footprint in our operations, we are in the process of taking
measures for improving the efficiency of our processes and using the energy resources
optimally. At the same time, we are enhancing our efforts towards recycling and reusing
waste, thereby reducing landfilling. We ensure that our operations do not incur any negative
impact on our surrounding biodiversity.
Materials
As a company that is involved in the process of manufacturing various automotive parts and
assemblies, we believe that it becomes important to know the amount of resources
consumed and also the materials that are recycled or reused in order to increase the
environment as well as the economic efficiency. (Confirm for the packaging materials –
trolley)
The technical standard for resource use along with the guidance note helps us to mitigate
the environmental impact of our products.
Major raw materials used by our company for the manufacture of automotive components
are Al Si, CR-D, CR-EDD and HRPO. The material consumption for this financial year FY 2014-15
is 641.2396 MT. (Kindly provide full forms of the materials used and also complete the data
sheet till March 2015)
In the current financial year FY 2014-15, we recycled 6.959 MT of HRPO clutch cable scrap.
Sr. No Materials used by weight /
volume Unit Quantity
1. Raw materials MT 641.2396
2. Packaging Materials (Kindly give
data in weight and not in nos) Nos 120
20
Percentage of materials used that are
recycled or reused Unit Quantity
HRPO (%) 1.0853
Energy Consumption
Our efforts in energy management focus on an integrated approach which entails all the
steps in the value chain – from transportation of raw materials to the plant, to the production
of automotive components at a single site and further the dispatch of the final products to
our customers. This seamlessly coordinated production chain and the concentration of
expertise, provide an excellent basis for symbolizing product characteristics while at the
same time reduces energy and resource consumption.
Sr. No Direct energy consumed Unit Quantity
1. Electricity GJ 889.524
2. Diesel GJ 104.78
Product Responsibility
Management Approach
The impacts of our products and services during their use phase and also at the end of the
product life are of significance. Also, as we customize our products according to the
specifications given by the customers, it becomes important to take more proactive
approaches of assessing the impacts of our products and services. We assess the health and
safety impacts of the product/ service for improvement during the certification process.
Being a quality conscious organization; we strive hard for achieving the highest standard of
the quality in each product. We believe in ensuring compliance to indicate confirmation to
performance parameters and also reduce financial risks. Our quality policy is very stringent
conforming to ISO/TS16949 standards.
For this, we procure premium raw material from the reputed vendors of the market for
manufacturing our entire range of products and services. We have defined processes in
order to ensure that our machining centers, machine tools and components, special purpose
machines etc. meet global industry standards and that raw material of the highest quality go
into our production processes.
Customer Satisfaction Surveys
“Customer satisfaction” being our main focus area we try to get a feedback from our
customers in the form of a performance score card. This score card evaluates our
performance based on following parameters like customer perceived quality performance,
plant quality performance, certifications, plant delivery performance and system
certifications or audits. We have scored a good rating in all our performances in this financial
year FY 2014-15.
21
Social Performance Management Approach
A skilled, committed, knowledgeable and enthusiastic workforce has always been the priority
at Genext Autotech. We also believe that having the correct balance of right talent and skills
will prove to be a key success factor and shall also be an important parameter in defining
our future growth as well.
Inclusion and empowerment of people in the organization will make them more creative
and productive and also due emphasis needs to be laid on understanding the employees’
concerns and their expectations to enhance their efficiency levels. We aim to continuously
improve our employee engagement schemes so as to provide our workforce with a
conducive work atmosphere and also look towards developing further strategies towards the
overall development of our employees.
We have always maintained the fact that each of our employee should get equal
opportunities to hone their skills, which is why they are provided with a number of training
and learning sessions which help them increase their skills in their area of expertise. Also to
keep our professionals abreast of market trends & technological advancements, we arrange
a number of interactive and learning sessions for them.
Considering the type of production and manufacturing processes that are carried out at our
organization, ensuring the occupational health and safety of the workforce in the firm is also
of utmost importance. Various control systems and devices, O&M systems, compliance
audits, inspection and maintenance, safety equipment, risk management should thus form
an integral part of our sustainability strategy at Genext Autotech.
Also, taking into account the issues related to workforce/ labor as well as the concerns
regarding various human rights at the workplace is of utmost priority for us as our employees
are major contributors to our growth and success.
22
Employee Events
Any organization gains success because of
its innovation and technology but it is
employees who create the organization.
We consider our employees as our most
important stakeholders. At Genext Precision
Autotech Pvt Ltd we believe that our
employees should know how important
they are for us and how much we value
their contribution.
We had arranged an ESIC “Janjagruti
Abhiyan” in coordination with ESIC Nasik
Branch office to create an awareness in the
employees about the benefits they are
entitled to have in the organization. It was
attended by all the employee including
permanent staff, operators and contract
labor.
This “Janjagruti Abhiyaan” imparted
information on the hospitals in Nasik which are
having tie-up with ESIC and how the
employees as well as their family members
can reap benefit of this scheme.
Training on ESIC for Employees
23
Employee Events
We at Genext Precision firmly believe that
employee satisfaction is our best reward.
This year our management have taken
some initiatives on celebrating few special
moments with our employees like
employee birthdays and New Year
celebration.
We celebrate employee’s birthdays in an
environment friendly way by gifting the
employee with a flower grown in our own
garden along with chocolates which are
distributed to everyone.
We treat our employees equally and same is
followed by celebrating the birthdays of all the
levels of employees including our managing
director of the organization.
This year Genext Precision Autotech tried to
create a common platform where
Managing Director can meet every
employee on the shop floor as well as
contract labours on the occasion of new
year and gave them sweets and blessings.
This initiative helped in fostering the trust of
the employees.
Birthday and New Year Celebrations
24
Employee Training and Awareness
Initiatives
We provide continuous training and learning sessions to our workforce that helps them hone
their skills in their area of expertise as our employees are major contributors to the growth of
our company. Training is being provided on various topics related to employee benefits,
employee engagements and occupational Health and Safety.
Following is the data provided on total training hours provided by Genext Precision to their
permanent employees, permanent workers and contractual labors.
Permanent - Staff
Training Hours (Male)
Permanent Worker
Training Hours (Male)
Contract workers
Training Hours (Male)
148 38 6.75
Occupational Health and Safety:
Any manufacturing company faces issues related to workmen safety. Hence, it becomes a
necessity to provide a healthy and safe working environment and also form strategies
related to assisting workforce members or their families regarding such hazards and risks etc.
In FY 2014-15 we did not encounter any case of reported injuries, occupational disease and
fatality which makes us believe that the zero injury target is achievable and make us feel
satisfied that we are not lacking in our approach towards health and safety of our
employees.
We conduct regular fire Mock Drill every six months to train the workmen and all the staff on
the emergency preparedness during any even of fire breakout in the organization. It mainly
focuses on the use of fire extinguisher.
This year we have conducted two fire mock drills in the months of September 2014 and
February 2015
25
Safety Awareness Session
Fire Mock Drills
26
Health Awareness Session 1
We are very particular about the health of our
employees and we take their wellbeing as our
prime responsibility. We keep regular check on
the updates over any health issues in the
company as well as any epidemic diseases in
the society which can impact them. This
initiative taken by us helps build us trust among
the employees that we care for them.
This year had been disastrous for many people
worldwide as swine flu created allot of health
issues and even took many lives in our country.
Hence we took “Swine Flu” as a topic for
employee health and safety training. In Nasik
city also swine flu created a havoc by taking
the death toll to 17 this year.
We consulted civil hospitals in the Nasik city
for gaining detailed information on swine flu
and prepared posters to display this
information to our employees. This created
an awareness among our employees about
the disease and its preventive measures.
Swine Flu Awareness
27
Health Awareness Session 2
Most of our workmen/ contract labourers are
uneducated, poor and unmarried which puts
them at high risk of contracting HIV Aids.
Since our considerable amount of workforce
includes contractual workforce, we took it as
our responsibility to make them aware of the
Aids.
Hence we arranged a training session
through which the labourers gained insight
on reasons and preventive measures to
avoid this deadly disease. This session was an
open forum discussion which brought out all
the related queries of the labours and our
officials helped them get resolved.
HIV AIDS Awareness
28
Health Awareness Session 3
A good work environment is always a
motivation for employees. Considering the
type of processes at our manufacturing
facilities and the work pressure on our
employees we have always maintained a
stress free work environment for them. We
arrange compulsory morning exercise
sessions for all our employees to keep them fit
and energetic throughout the day.
This session keeps employees healthy as well
as increases their work efficiency.
Also, since safety is of prime importance to us,
we provide PPE’s to all our workmen and
after everyday workout we keep a small
training session on importance and use of
PPE’s. This ensures us the regular and proper
use of the given PPE’s by our employees and
contractors.
Morning Exercise and Training on PPE’s
29
CONTRIBUTING TO SOCIAL DEVELOPMENT
Management Approach
Working along with our communities to support their development, alleviating their concerns
and at the same time minimizing potential impacts of our operations has been identified as a
long-term way to create a sustainable overall growth for the company as well as create a
positive image of the company in the minds of all our stakeholders as well as the public in
general.
As an organization that creates significant economic value through its operations, we
believe in showing commitment to various community development initiatives as these local
communities are in a way major contributors to our success by providing us raw materials,
manpower and other support during the processes at our manufacturing facilities.
Working towards their significant concerns and issues and handling or managing them not
only shall prove to contribute towards their overall development but also add to our
profitability in one way or the other.
Community Event Identification of the ‘right’ programs for social
or community development to have maximum
benefits is of critical importance to us.
The general procedure followed a Genext
Precision is to conduct need-identification by
interacting one to one with the local people
followed by discussions and feedback
suggestions.
This year we have taken our first few initiaves
towards our responsibility for nearby
communities. As a community service we
opted to support our PM Mr. Narendra Modi in
his “Swachha Bharat Abhiyaan” and we
made all our employees participate in this
event.
We had conducted a cleanliness drive in our
factory premises and nearby Ganesh Nagar.
Swachha Bharat Abhiyaan
Looking at the unavailability of drinking water at Sinnar, we provided drinking water facility at
Sinnar ghat for locals. Adhar Ashram students were lacking proper seating arrangements,
hence we provided that facility for the students. Although it’s a starting year for us we will
continue to increase our efforts in coming years.
30
GRI G4 Content Index
GENERAL STANDARD DISCLOSURES
General
Standard
Disclosures
Description Information related to Standard Disclosures
required by the ‘in accordance’ options
may already be included in other reports
prepared by the organization. In these
circumstances, the organization may elect
to add a specific reference to where the
relevant information can be found.
Page
Number
External Assurance Indicate if the
Standard Disclosure
has been externally
assured.
If yes, include the
page reference for the
External Assurance
Statement in the
report. STRATEGY AND ANALYSIS
G4-1 Director’s statement on sustainability. 5 Not conducted
external assurance
ORGANIZATIONAL PROFILE
G4-3 Name of the organization 3 Not conducted
external assurance
G4-4 Primary brands, products, and/or
services 8
Not conducted
external assurance
G4-5 Location of organization’s
headquarters 7
Not conducted
external assurance
G4-6
Number of countries where the
organization operates, and names of
countries with either major operations
or that are specifically relevant to the
sustainability issues covered in the
report
7 Not conducted
external assurance
G4-7 Nature of ownership and legal form 7 Not conducted
external assurance
G4-8
Markets served (including geographic
breakdown, sectors served, and types
of
Customers/beneficiaries).
8 Not conducted
external assurance
G4-9 Scale of the reporting organization. 10 Not conducted
external assurance
G4-11
Report the percentage of total
employees covered by collective
bargaining agreements
10 Not conducted
external assurance
G4-12 Describe the organization’s supply
chain. 9
Not conducted
external assurance
G4-13
Significant changes during the
reporting period Regarding size,
structure, or ownership.
13 Not conducted
external assurance
G4-14
Explanation of whether and how the
precautionary approach or principle is
addressed by the organization
16 Not conducted
external assurance
G4-15
Externally developed economic,
environmental, and social charters,
principles, or other initiatives to which
13 Not conducted
external assurance
31
the organization subscribes or
endorses.
G4-16
Memberships in associations (such as
industry
associations) and/or
national/international
advocacy organizations in which the
organization:
Has posit ions in governance
bodies;
Participates in projects or
committees;
Provides substantive funding
beyond routine
membership dues; or
Views membership as
strategic
13 Not conducted
external assurance
IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES
G4-17
All entities included in the
organization’s consolidated financial
statements and if any of these are not
covered in the report.
4 Not conducted
external assurance
G4-18
Process for defining report content
and aspect boundaries and how the
organization implemented the
Reporting Principles for Defining
Report Content
18 Not conducted
external assurance
G4-19
List all the material aspects identified
in the process for Defining Report
Content.
18 Not conducted
external assurance
G4-20
For each material aspect report the
boundary within the organization: if
aspect is material within the
organization, if the aspect is material
for all entities within the organization
and any limitations regarding the
aspect boundary within the
organization.
18 Not conducted
external assurance
G4-21
For each material aspect report
aspect boundary outside the
organization: if the aspect is material
outside the organization, identify
which entities or groups for which it is
material. Describe geographical
location where aspect is material for
entities identified. Report any specific
Limitations regarding aspect
boundary outside the organization.
18 Not conducted
external assurance
G4-22
Report the effect of any restatements
of information provided in previous
reports, and the reasons for such
restatements.
4 Not conducted
external assurance
32
G4-23
Report significant changes from
previous reporting periods in the
Scope and Aspect Boundaries.
4 Not conducted
external assurance
STAKEHOLDER ENGAGEMENT
G4-24 Provide a list of stakeholder groups
engaged by the organization 14
Not conducted
external assurance
G4-25 Basis for identification and selection of
stakeholders with whom to engage 14
Not conducted
external assurance
G4-26
Approaches to stakeholder
engagement, including frequency of
engagement by type and by
stakeholder group.
15 Not conducted
external assurance
G4-27
Key topics and concerns that have
been raised through stakeholder
engagement, and how the
organization has responded to those
key topics and concerns, including
through its reporting.
15 Not conducted
external assurance
REPORT PROFILE
G4-28 Reporting period (e.g., fiscal/calendar
year) for information provided 4
Not conducted
external assurance
G4-29 Date of most recent previous report (if
any). 4
Not conducted
external assurance
G4-30 Reporting cycle (such as annual,
biennial, etc.) 4
Not conducted
external assurance
G4-31 Contact point for questions regarding
the report or its contents Last Page
Not conducted
external assurance
G4-32 Table identifying the location of the
Standard Disclosures in the report. 30
Not conducted
external assurance
G4-33
Policy and current practice with
regard to seeking external assurance
for the report
No
external
assurance
Not conducted
external assurance
GOVERNANCE
G4-34
Governance structure of the
organization, including committees
under the highest governance body
responsible for specific tasks, such as
setting strategy or organizational
oversight
13 Not conducted
external assurance
ETHICS AND INTEGRITY
G4-56
The organization’s values, principles,
standards and norms of behavior such
as codes of conduct and codes of
ethics.
4 Not conducted
external assurance
33
SPECIFIC STANDARD DISCLOSURES
DMA and
Indicators Description
Identified
Omission
Reason(s)
for
Omission
Page
Number
Explanation
for
Omission
External
Assurance.
Material Aspect: Energy
G4-DMA
Disclosure on
Management
Approach
19 No
G4-EN3
Total fuel
consumption
from non-
renewable &
renewable
sources
20 No
Material Aspect : Occupational Health and Safety
G4-DMA
Disclosure on
Management
Approach
21 No
G4-LA6
Types of injury,
injury rate (IR),
occupational
diseases rate
(ODR), lost day
rate (LDR),
absentee rate
(AR) and work-
related
fatalities, for
the total
workforce
(that is, total
employees
plus supervised
workers),&
independent
contractors
working on-site
24 No
Material Aspect : Training and Education
G4-DMA
Disclosure on
Management
Approach
21 No
G4-LA9
Average hours
of training
employees
have
undertaken
during the
reporting
period.
24 No
34
Material Aspect: Product and Service Labelling
G4-DMA
Disclosure on
Management
Approach
20 No
G4-PR5
Results of survey
measuring
customer
satisfaction.
20 No
CONTACT DETAILS
Mr N.T. Gajare
Genext Precision Autotech Pvt Ltd
Plot E 20/21 MIDC,
Satpur,
Nashik 422007.