SAGE METALS GROUP

Sustainability
Report2022-23

Contents




Scope of the Report

07

Reducing our23
Environmental Footprint24



Climate Change andEnergy Management
Waste Management

27

Water & EffluentsManagement

29

Air Emissions

31

Empowering
Our Employees& Communities

32

Occupational Health& Safety33 




Community Development 37



Sustainability Strategy

15

Sustainability Governance17 

Human and Labor
Rights39

Employee Engagement& Well-being

41

Gender Diversity& Inclusion

45

Creating Sustainable
Product Solution

47

Product Innovation

48

Digitalization andCybersecurity

48

Upholding Business
Integrity

50

Corporate Governance51

Supply Chain
Management

53

Key Highlights
  

     

­  ­    Awards and Recognitions   



 
­   

  
 

 
   
­ ­

­  ­ 
­   

 



  

  





Sage Metals US Holdco is US
based Holdco company and parent
company to Gluhend India Private
limited ( GIPL) which bought andmerged Sage Metals Private
Limited in 2018.
Gluhend India Private Limited( GIPL) currently operates 3
Manufacturing Plants ( 2 inHaryana State and 1 in UP) and HO
in Delhi and having its Registeredoffice in Mumbai -India.
Gluhend India Private limited has
100% Subsidiary in US as Sage
International INC (SII) which has
further acquired companies Jayco
Manufacturing and Trident
Components LLC in 2018 & 2019.
Currently Sage International INC(US) operates 3 plants and 2
Warehouses in US also DBA Jayco
Manufacturing and Trident
Components.
Gluhend India Private Ltd (hereafterreferred to as "Sage Metals
Group") is thrilled to present its
maiden Sustainability Report for the
Financial Year spanning from 1st
April 2022 to 31st March 2023.
This report offers an overview of
the key Environmental, Social, andGovernance ("ESG") topics andtheir performance within theGroup. This Report was preparedin reference with the internationallyrecognized Global Reporting
Initiative (“GRI”) Universal
Standards 2021. The report aims tocommunicate the significant
operational matters and existing06

sustainability methods of Sage
Metals Group. In general, thisreport highlights how Sage
Metal's Group business activitiesalign with optimal approaches insustainable growth, achieving
these goals through robust
collaboration and partnerships.
Our objective is to communicate
our dedication to sustainability
with a diverse range ofstakeholders, encompassing
employees, investors, customers,
business associates, suppliers,
lenders, the community, andgovernmental bodies. In thissustainability report, we present
our progress, challenges, andaspirations concerning ESG
topics. The report covers activitiesof the Group’s India Operations
including New Delhi HQ andthree Manufacturing Plants in
India.

This Report was
prepared inreference with theinternationallyrecognized
Global Reporting
Initiative (“GRI”)
Universal
Standards 2021.
The report aims
to communicate
the significant
operational
matters andexisting
sustainability
methods of Sage
Metals Group.

Scope of the Report
This is our first sustainability
report and offers essential details
about our sustainability
achievements, significant risks,and governance procedures forthe entirety of our business inIndia. It encompasses thereporting duration spanning from
1st April 2022 to 31st March
2023. It furnishes comprehensive
insights into Sage Metals Groupand India operations.
Contact
If you have any questions about thisreport, email us at
sustainability@sagemetals.com

07    
I am honoured to introduce ourinaugural Sustainability Report of Sage
Metals Group, a moment that fills mewith immense pride. This reportsignifies our commitment totransparency and accountability inhighlighting our sustainability efforts.
Our journey towards sustainability is
not merely a positive gesture; it is a
strategically sound decision for ourbusiness. By seamlessly integrating
sustainability into our core operations,
we are reinforcing our position as aleading engineering solutions
company in the metals manufacturingsector. This approach positions us toeffectively respond to evolving societal
expectations, regulatory standards,
and market dynamics. Furthermore, it
equips us with the ability toproactively manage potential risks
while also opening doors to new
avenues of growth and innovation.

MADHUR ANEJA
MD & CEO
Sage Metals Group of Companies

08“Companies should adopt
sustainability practices
because it's the ethicalchoice, not just a
regulatory requirement.”

At Sage Metals Group, weunderstand that sustainability is
not just a choice but a
responsibility in today's world.
This report reflects our dedication
to a more sustainable andresponsible future. We lookforward to continued progressand collaboration with all our
stakeholders as we strive to makea meaningful impact on both ourindustry and the planet. As we
venture into the future, stretching
beyond the horizon, we
recognize the immense potential
we hold to forge a positive
impact on the world we inhabit.
At Sage Metals Group, ourcommitment is unwavering, andwe are resolute in our mission toinfuse sustainability into the very
core of our business strategy.
Our perspective has evolved frommerely addressing the businessrisks to harnessing the boundless
opportunities present for thecreation of sustainable productsthat resonate with new markets
and discerning customers.
In our quest for sustainability thisyear (2022-2023), we initiatedour inaugural materiality
assessment. This endeavour
aimed to gain insight into theissues that matter most to ourstakeholders and its influence on
our company. Using the findings
from this assessment, weformulated our Sustainability
Strategy, which will serve as ourroadmap towards a moresustainable future.
In the journey ahead, we pledge
to intensify our efforts, striving toestablish Sage Metals Group as
an exemplar of Indian enterprise
excellence. Our goal is tocultivate enduring value for all
our stakeholders, encompassing
our valued customers, dedicatedemployees, investors, lenders andthe communities we touch.
Moreover, we aspire to become
torchbearers, illuminating thepathways to a brighter and moresustainable future for generations
yet to come.

Our goal is tocultivate enduring
value for all our
stakeholders,encompassing
our valued
customers,
dedicated
employees,
investors, and thecommunities wetouch. Moreover,
we aspire to
becometorchbearers,
illuminating thepathways to abrighter andmore sustainable
future forgenerations yet tocome.

As we embark on thistransformative journey, we extend
our heartfelt gratitude for our
stakeholders unwavering support,
which has been the cornerstoneof our success. Together, we will
forge a future where sustainability
not only thrives but flourishes,enriching lives and leaving an
indelible mark on the world.

09  






10

Sage Metals Group is built
around strong commitments tocustomers, employers,
shareholders and theenvironment. We are anengineering driven organization
with world class manufacturingsystems. With multiple
manufacturing plants spread
across USA and India, we areable to offer cost effective
solutions to our customers.
We are an international supplierof manufactured products andmetal forming, casting, andstamping services to several
industries. We offer multiple
surface treatment options,
machining, fabrication andassembly options primarily to thePowerGrid/EWA, Plumbing
Fixtures/Drainage, HVAC andIndustrial markets. Founded in
1983, the company has grown tobecome a significant player in the
manufacturing industry. With
global headquarters in New
Delhi, India, it operates six
manufacturing facilities, threelocated in the USA and three in
India. Sage Metals Group has asignificant presence in the UnitedStates, where approximately 40
per cent of its products andservices originate; but also
maintains large-scale
manufacturing capacity in India.
The company has a workforce ofover 2000 employees,
contributing to its success andoperational capabilities. The
company's manufacturing process
are highly diversified,encompassing various techniquessuch as High-Pressure Die
Casting (HPDC), Gravity Die
Casting (GDC), Sand Casting,
Investment Casting, Stamping,Forming and fabrication. This
diverse range of processes allows
the company to cater to a widearray of customer needs andproduce high-quality products.
In addition to its diverse
manufacturing processes, thecompany also works with a wide
range of metals. It specializes inhandling multiple alloys of
Aluminum (AL), Zinc (Zn),
Copper (Cu), Cast Iron, andSteel. This versatility enables thecompany to meet the demands ofvarious industries and provide
tailored solutions based on
specific metal requirements.
Overall, with its extensive
experience, global presence,
diversified processes, andexpertise in handling various
metals, the company stands as areliable and capablemanufacturing partner for clientsworldwide.

The company has
a workforce ofover 2000
employees,
contributing to its
success andoperational
capabilities. The
company's
manufacturing
process arehighly diversified,encompassing
varioustechniques such
as High-Pressure
Die Casting(HPDC), Gravity
Die Casting(GDC), Sand
Casting,
Investment
Casting,
Stamping,
Forming andfabrication.

We successfully met our
production targets for the full
year. This accomplishment
demonstrates our ability toeffectively execute ouroperational plans and meet our
production goals acrossdiversified metals. As a result, thecompany achieved impressive
financial results, generating highrevenue from its ongoing
operations.
11  

VisionOur vision is to become
the premier supplier of awide range of engineeringsolutions encompassing
various metals and alloys.
We aim to achieve thisstatus through theimplementation of
cutting-edge metal
treatment techniques.
Additionally, we aspire to
be recognized as the
supplier of choice, known
for our unwaveringcommitment to social
responsibility.

ValuesAt the core of ourvalues, weembrace Integrity
Integrity
as the foundationof our actions. We
foster Innovation
to drive progressand excellence.
Innovation
Trust is the bondthat unites us with
our stakeholders,
and we celebrate
Trust
Diversity as asource of strength,
enriching ourcollective
Diversity
perspective.

MissionOur mission is to offer
advanced engineeringsolutions in metals andalloys, guided byunwavering principles,
fostering creativity, building
strong partnerships, andcelebrating diverse
perspectives, all while
contributing to a socially
responsible future.

HQ and Manufacturing Facilities

New Delhi, India

Sahibabad, India

Faridabad, India

Bawal, India

Grand Prairie,Texas, US

Fort Worth, Texas, US

Lugoff, South Carolina, US

HQ, Sage Metals
Group

Overview: Located in Delhi
NCR, this facility is spread
across 4 acres of Land

Overview: Located in
Delhi NCR, theFaridabad facility is
spread across 3 acres ofland

Overview: Located in outskirtsof Delhi NCR, the Bawal
facility is spread across 4.2
acres of land

Overview: Located in Grand
Praire spanning across
100,000 sqft in total

Overview: Located in
Fort Worth spanning
across 35,000 sq ft in
total

Overview: Located in South
Carolina Spanning 13500 sq
ft.

*This report covers the
HQ and manufacturing
facilities in India.

Key Capabilities: Hot andCold High-Pressure Die
Casting, Gravity Die
casting, Machining,
Assembly and Surface
treatment
Material Expertise: Zinc
and Aluminum

Key Capabilities: Sand
casting, Investment
casting and Gravity Die
casting, Machining &Plating
Material Expertise:
Copper, Iron, Steel andAluminum

Key Capabilities: Stamping,Zn Plating, Pipe forming, Pipecutting, Blanking, Rollthreading, Machining &assembly
Material Expertise: AL & SS
Sheets and Steel Metal
forming pipes

Key Capabilities: Metal
stamping, Fabrication,
Welding, Laser Cutting,
Machining and
Rapid Prototyping
Material Expertise: AL,
Copper, Brassand Stainless SteelKey Capabilities:
Powder coating,Silk Screen
Material Expertise: AL,
Copper, Brassand Stainless SteelKey Capabilities: Stamping,
Laser Cutting, Welding,
Fabrication, Machining,
Assembly, Finishing, Packing,Warehousing
Material Expertise: AL,
Copper, Brass andStainless Steel*Map not to scale1213  




14

We hold sustainability as one of
our core values, and we are fullycommitted to being a catalyst for
positive change and sustainable
development. Our approach
involves leading environmental
stewardship, practicing social
responsibility, and upholding
strong governance principles. Byprioritizing these aspects, we aim
to make a meaningful and lasting
impact on the environment andcommunities, working towards asustainable future for all. We
actively engage with key
stakeholders and strive toenhance performance by setting
clear targets, fostering open
communication, and ensuringtransparent reporting. Bycollaborating with our
stakeholders, we aim to align our
objectives, exchange valuable
insights, and collectively drive
progress. Through thiscollaborative approach, we
promote accountability, facilitate
informed decision-making, andmaintain trust with our
stakeholders. By setting
measurable targets, promoting
open and honest communication,and providing transparent
reporting, we are committed toachieving continuous
improvement and deliveringvalue to all those involved.

Sustainability
Strategy
At Sage Metals Groupsustainability is at the core of ourbusiness strategy. We recognizethat as a prominent player in themetal industry, we need to takeresponsibility for minimizing ourenvironmental impact, fosteringsocial well-being and upholding
strong governance practices toensure our long-term economic
viability. Our commitment tosustainability is deeply integrated
in our corporate culture and wehave set forth a comprehensive
strategy to guide our efforts.

We actively
engage with key
stakeholders andstrive to enhance
performance bysetting clear
targets, fostering
opencommunication,and ensuringtransparent
reporting.

Our vision is to be a sustainability
driven engineering company
recognized for excellence insustainable practices, innovationand customer-centric solutions.
Our mission is to responsibly
produce advanced engineering
products while minimizing ourenvironmental footprint, fosteringa safe and inclusive workplace,and empowering thecommunities we serve. We strive
to deliver innovative productsolutions that enable progressand sustainable development fora better future. We are proud topresent our strategy in thefollowing illustration.

15

  

Vision:Striving to be a worldwide pioneer in cutting-edge technology solutions, our commitment extends beyond innovation — we aim
to lead in environmental sustainability and social responsibility.

Mission:Our mission is to provide cutting-edge engineering solutions in metals and alloys, emphasizing sustainability as we foster
creativity, build strong partnerships, and celebrate diverse perspectives. Committed to a socially responsible future, we strive tolead in sustainable practices.

Strategic
Pillars

Strategic
Aims

ESG
Focus

ESG
AIMS

Creating value through our uniquely
responsible and sustainable operation

Diversiﬁcation of productproﬁle and customer baseTransforming for a sustainable andresilient endeavoring future

Achieving cost efﬁciency andmaximizing resource utilization
through variety of intervention acrossoperation, fostering the health andwell-being of people through our
products and business.

Through our increasingly
consumer-oriented business and a
growing portfolio of sustainableproducts, we continuously innovate
and adopt eco-friendly materials andproduction processes, enablecircularity of operation to offer
sustainable solutions to meet thedemand of new market

To contribute to a low-carbon
economy and enhance quality oflife through innovated andintegrated metal business that
uplifts all stakeholders including
local communities.

Reducing our environmental
footprint

Empowering our employees
and community

Upholding Responsible
Business

Creating Sustainable
Product solution• Reduce GHG emission and overall
energy consumption, through energy
efﬁciencies initiatives and integrationof renewable resources• Reduce waste generation, effectively
manage hazardous waste throughproper treatment and disposal andpromote recycling• Reduce water consumption by
exploring less water-intensive
technologies.
• Decarbonization of the value chain toachieve carbon neutrality at Sage
Metals Group• Protect labour rights and promote
safety, health and well-being of ouremployees and contract workers.
• Improve quality of life of local
communities through our community
development programmes• Adhere to global businessstandards of corporate
governance• Taking responsibility insolving climate issues byintegrating climate related
aspects into businessstrategy.

• Accelerate
performance-based R&D
to capture new markets• Increased use ofrenewable feedstock andsecondary materials• Increase usage ofalternative water resource
to reduce dependencies
on freshwater• Enabling circularity ofoperations

SDG
Alignment

Material
TopicsClimate Change
and Energy
Management

Water & Effluent
Management

Waste
Management

Air Emissions

Human & Labor
RightsOccupational
Health & Safety
Community
Development

Employee
Engagement &Well Being

Corporate Governance• Product Innovation

Supply Chain Management

Gender Diversity& Inclusion

As we move forward, we remain dedicated to continuous improvement. We understand that the sustainability
landscape is dynamic, and we are committed to adapting to emerging challenges and opportunities.
We understand that sustainability is not just a goal. It is a fundamental principle that guides our actions anddefinitions. By pursuing our sustainability strategy diligently, we aim to not only make a positive impact on theenvironment and society but also secure a resilient and prosperous future for Sage Metals Group.
16

Sustainability Governance

We have established a robust
governance structure to ensure
effective oversight of oursustainability agenda and thepriority areas related toEnvironmental, Social, andGovernance (ESG) issues.
Our sustainability governanceframework aims to harmonize oursustainability ambitions with theoverarching corporate businessstrategy and objectives. Thismodel is designed to ensure thatsustainability is not a separate
entity but an integral part of ourstrategic direction, seamlessly
integrated to contribute to our
broader organizational goals
and vision.
The MD/CEO of the company
holds the responsibility ofmanaging the company, which
encompasses offering strategic
direction and counsel, evaluating
opportunities, as well as
identifying and implementing
measures to manage risks.

Additionally, the MD/CEO
supervises the company's
governance, risk management,compliance processes, andsustainability achievements.

Our sustainability
governanceframework aims
to harmonize oursustainability
ambitions withthe overarching
corporatebusiness strategy
and objectives.

The overall responsibility forsustainability lies with the
MD/CEO and the Sustainable
Governance Committee. They aresupported by the sub-committee,
who carry out the implementationof the sustainability initiatives atcorporate and plant sites.
MD/CEOMr Madhur Aneja

Sustainable Governance Committee
Leadership Team Lead by Amit Jain

Sub Committee
Environment andEnergy SpecificRemuneration and
Employee Welfare

Operational Excellenceand Monitoring17  

 

We adopt a broad perspective
when identifying stakeholders,acknowledging that theirperspectives, interests, andconcerns are significant. By
considering the diverse range ofstakeholders, we aim to foster
positive relationships, understandtheir needs, and engage inmeaningful dialogue to address
their expectations. This inclusive
approach allows us to consider
the wider impact of our actions
and work collaboratively towards

sustainable outcomes. We
understand that each stakeholder
has unique areas of interest andpreferences for engagement.
Therefore, our method,
approach, and frequency ofengagement are tailoredaccordingly. In this report, we
provide an overview of ourapproach to engaging with our
main stakeholders, and moredetailed information can befound throughout the document.

This inclusive
approach allows
us to consider
the wider impactof our actions
and workcollaboratively
towards
sustainableoutcomes.

Shareholders
Shareholders play a vital role in the operationof our company, contributing capital, shaping
decision-making processes, and ensuringaccountability. Their vested interests areclosely tied to the prosperity and profitabilityof the business, establishing them as pivotal
stakeholders in our corporate realm.

Employees
Our employees serve as thecornerstone of our company, andin our pursuit of becoming thepreferred employer, weconsistently foster open
communication with ourworkforce.

Regulators
Our commitment to engaging with regulatory
bodies is demonstrated through our active
participation in various government
consultation programs. This collaborative
approach allows us to stay informed, influence
decisions, and ensure that our business
operations align with the evolving regulatory
landscape.

18

Customers
Our business philosophy revolves around
prioritizing our customers. We regularly
engage in discussions with our customers,
focusing on our product offerings andexploring ways to fulfil their requirements.

Community
We are broadening ourcommunity engagement
through the utilization ofcommunity programmes andevents.

Suppliers
Our business thrives on dependable andenduring partnerships with our suppliers.
As collaborative partners, we jointly strive
to generate mutual benefits, foster ongoing
innovation, and enhance sustainability
throughout the entire value chain.

19  

The Materiality Assessment
Process: A '5' Part ApproachIn 2023, we undertook our firstmateriality assessment tounderstand topics that areimportant to our stakeholders andto our business, that have thepotential to significantly impact
our business or external
environment in alignment with theguidance outlined in the Global
Reporting Initiative (GRI)
Standards. Incorporating
comprehensive interviews with avariety of internal and external
stakeholders, the materiality
process encompassed desktop
research along with an external
consultation survey. By
referencing ESG Frameworks andconducting thorough desktop
research on ESG material topics

1

3

We engaged with
our top global
customers to gain
insights intomaterial topics
that matter mostto theirrelationship with
us and theirlong-termbusiness success.

5

Topic
Identification

Stakeholder
Engagement

Analysis of
Responses

MatrixGeneration

Validation

Identification ofmaterial ESG
topics relevant tothe sector andbusiness
operations
through desktop
researchEngaged with
Internal andexternal
stakeholders to
obtain theiropinion on theidentified material
ESG topics

Based on theinterviews,
stakeholder
responses arecollated, analyzed
and scored

Based on the
responses, amatrix is developedfor effective
visualisation of therelative importanceof material ESG
topicsThe materiality
matrix ispresented toSage Metal
Group's senior
management for
approval

2

20

from peers and customers, an
initial list of 23 topics wereidentified. After a review of peer
best practices, global initiatives
and frameworks, the list was
narrowed to 18 topics. Next, weinteracted with our internal andexternal stakeholders tounderstand material topics
deemed important. We engaged
with our top global customers togain insights into material topics
that matter most to theirrelationship with us and theirlong-term business success. We
then prioritized the relevant
sustainability topics, which werediscussed with and confirmed by
the Senior Management at Sage
Metals Group.

421  

Materiality Matrix
This matrix is based on referenced sustainability frameworks and standards (GRI, SASB) andinterviewing results of internal and external stakeholders and benchmarked peer practices.



Impact on Stakeholder  

  






   

 

 



 

Impact on Sage Metals Group
Highly Priority

Medium Priority

Low Priority

Reducing
ourEnvironmental
Footprint
22

While managing the environmental impactof our business operations across the entire
value chain, we aim to surpass the legal
obligations. We recognize that our activities
influence the environment, whether it isrelated to sourcing materials for our
products, managing our supply chain andproduction processes, or considering theutilization, recycling, and proper disposalof those products. Environmental Policy at
Sage Metals Group governs our approachto environmental practices.

23  Our Approach

The dissemination of environmental
information among members andthe promotion of awareness involveorganizing inter-department andinter-unit competitions and contests
throughout the year. This effort is
especially emphasized on World
Environment Day, celebrated
annually on June 5th.

Climate Change and Energy Management
Climate change and thedeterioration of ecosystems are
currently having adverse effects
on human health and are eroding
the effectiveness of healthcare
systems. Addressing theseenvironmental challenges
requires a comprehensive
approach at the systems level toachieve improved healthcare
outcomes while minimizing theenvironmental impact. The sixth
Assessment Report (AR6) issued
by the United Nations'Intergovernmental Panel on
Climate Change (IPCC) presents
a stark reality: global
temperatures have already surged
by 1.1 degrees Celsius. Thistemperature rise has triggered a
noticeable surge in the frequency
and intensity of extreme weather
events worldwide. As a result,
Climate Change has evolved intoa pressing existential risk thatdemands a concerted response
from all stakeholders.

24

Confronting climate change
requires an unyielding
partnership between government
and industry. The private sector's
growing contribution is
instrumental in steering us fromwords to impactful actions.
Climate change stands as one ofthe paramount challenges of ourera, requiring immediate andconcerted action across industries.
Sage Metals Group recognizes thepressing global challenge ofclimate change and ourcommitment to responsible
business extends to addressing
the impacts of climate change andreducing our carbon footprint. As
we navigate a world marked bychanging climate patterns, ourorganization remains steadfast in
its commitment to responsible
business practices. Moreover, weconsistently provide training to ouremployees on energy
conservation.

Material Issue
Climate Change
Energy Management

SDG

Highlight
Our efforts include implementing
energy-efficient technologies,       
optimizing resource consumption,and installing three solar power set      up for sourcing renewable energy.
 
We have increased our energy
efficiency by switching High Speed    
Diesel to Piped Natural Gas, Solarlights and replaced old pump with          
new grundfos pump. By embracing  innovation and continuous
improvement, we aim to minimize
greenhouse gas emissions across ourvalue chain. Going forward, we
intend to actively engage withstakeholders, industry
partners, and“Green fuels can be key
communities to foster
to reduce environmental
knowledge sharing. In thefootprint”
upcoming years, we aim
to adopt a comprehensive
and multifaceted climate strategy
through implementation oflocation-specific adaptation strategies

Our facilities in Faridabad, Bawal,
and Sahibabad have implemented
solar energy systems (total capacity
912 KW) to generate electricity,which is then utilized in our
manufacturing processes.
We disclose our greenhouse gas
emissions using the Greenhouse Gas(GHG) Protocol corporate standard,
which is issued by the World
Business Council for Sustainable
Development (WBCSD). Our direct
greenhouse gas emissions (Scope 1)stem from sources within ourpossession or control, while indirect
greenhouse gas emissions (Scope 2)
result from the utilization ofpurchased electricity and heating.

Performance
GHG Emissions (tCO2e)
 
   25  

Unit

2020

2021

2022

2023

Scope 1tCO2e1217.901

1041.671

1109.009

1028.016

Scope 2

tCO2e

8092

6349

7547

6862

Total

tCO2e

9309.901

7390.671

8656.009

7890.016

Total Energy Consumption (KWH)


2021

2022

00

00

00
00

00

00

35

30

00
25

00

00

00
00

00
00

20

00
15

00

00
00

10

50

00

00

0

0

00



2023

Total Renewable Energy Consumption (KWH)


2021

26

0

0
2023

00
0,
,0
12

,0

0,

00

0
00

2022

10

0,
8,
0

6,

00

,0

00

0
00
0,

4,
0

0,
,0

20

0

00



Waste Management
As per World Economic
Forum Global waste
generation is estimated toincrease to 2.2 billion tonnes
per year by 2025 and only
15-20% of the waste
generated globally is
recycled. In India as wellwaste production has
increased because of a
growing population,
fast-paced urban
development, and higher
levels of consumption. This,
combined with insufficientsorting of waste at its source
and a lack of proper
infrastructure, has led to asignificant challenge inmanaging waste, particularly
when it comes to plastic
waste.
Resource consumption can be
reduced if materials are kept
within the cycles of theeconomy for as long as
possible. At Sage Metals
Group, we acknowledge thesignificance of embracing
circularity and fully recognize
the potential it offers. Given
that we are in the metals
business reuse and recycle ofmetals becomes very
imperative and our goal is toincorporate materials sourced
sustainably that can be
repurposed as raw materials
for new products, thus
completing the cycle ofmaterials.

Material Issue
Waste Management

SDG

Our Approach
Our imperative is to
revolutionize every facet ofour existing take-make-waste
system. This comprehensive
transformation entails
reevaluating how we manage
resources, how we produce
and utilize products, and ourapproach to handlingmaterials in their post-use
stage. This shift reflects ourcommitment to adopting amore sustainable and circularmodel for resource
management and product life
cycles.
We have implemented a
waste management andreduction programs
encompassing the principlesof the 3R approach, which
includes Reduce, Reuse, andRecycle, across all ouroperational sites. To prioritize
the implementation of these

programs, we assess sites
based on factors such as thevolume of waste generated,
the level of hazard associatedwith the waste, and thepotential value that can bereclaimed from the waste.
This approach ensures theefficient utilization of
resources and materials while
simultaneously intensifying
our efforts to promote reuse
and recycling across ouroperations.
As part of our commitment toenvironmental responsibility,
we rigorously monitor andresponsibly dispose ofhazardous waste bycollaborating withstate-authorized recyclers andensuring strict compliancewith the guidelines set forth
by the State Pollution Control
Board.

27

  

Water and Effluents Management
In addition to this, we have
implemented the 5S process,which involves thesegregation of hazardous andnon-hazardous materials using
designated segregation bins.
This structured approachallows us to efficiently
separate and manage waste
streams.
Furthermore, we maintainseparate hazardous waste
collection yards, ensuring thathazardous materials arehandled and stored in a
dedicated and secureenvironment, adhering to allsafety and regulatory
requirements.

Performance
Waste Generated (MT)


Total Weight ofWaste Generated




Hazardous
Waste*




Non-Hazardous
Waste
0

200

400
2021

600
2022

800

1000

1200

2023

*Hazardous waste includes Oil Filters, PPE,ETP Chemical Sludge, Used Oil socket cotton, Used Oil

Managing water consumption
and ensuring a secure watersupply is essential for the
success of our organization.
Water, being a critical natural
resource, plays a vital role inthe manufacturing activities ofSage Metals Group, as wellas in the company's future
growth and development.
Potable water is a crucial
resource for Sage Metals
Groups' employees and thecommunities in which thecompany operates. Therefore,
it is imperative for theorganization to effectively
manage and mitigate any
impact on water catchments,
ensuring that water quality is
not compromised and thevolume of potable water
available to surrounding
areas is not reduced. This is
crucial to maintain thecompany's social license tooperate.

Material Issue
Water and EffluentsManagement

SDG

Our Approach
In alignment to global bestpractices, we undertake
various initiatives to bolster
water security and reduce ourwater consumption.

We are committed to rigorouscompliance with theregulatory guidelines
established by the relevant
regulatory bodies in theregions where we operate.
We conduct annual audits of
our water management
processes to ensure theireffectiveness. As part of ourongoing monitoring efforts,
we closely track the monthly
water consumption of our key
business units. This proactive
approach allows us topromptly identify and address
any sudden increases in water
usage, contributing to ourcommitment to responsible
water resource management.
We did not have any water
related non-compliance in any
area of our operations in FY
2023.

We process water from theplant through an Effluent
Treatment Plant (ETP), andsewage water is treated via a
Sewage Treatment Plant(STP). The treated water isutilized for gardening
purposes.
We actively monitor the Total
Dissolved Solids (TDS) andpH levels of the water on adaily basis.

2829  

Air Emissions

Performance
Total Water Withdrawal (ML)

0

20

40
2021

60
2022

80

100

120

2023

Treated water, which has
undergone a purification
process to ensure its
quality and safety, isbeing utilized for thepractice of gardening.

Effective oversight andcontinuous monitoring of air
quality management andemissions control are crucial
because they affect various
stakeholders. This involves not
only regulating emissions
from our facilities but also
evaluating their impact on the
air quality in the vicinity, a key
component of oursustainability plan.
Additionally, it holds
significant importance infostering and sustaining
positive relationships with ourneighbouring communities.
Managing air quality
effectively is an essential partof our sustainability strategy
and contributes significantly
to nurturing favourable
relations with the nearby
communities. Our primaryobjective is to constantly
enhance air quality andminimize dust emissions inareas influenced by ouroperations, benefiting our
employees, the communities
we operate in, and theenvironment.
Material Issue
Air Emission

SDG

30

Our Approach
Our operations result in therelease of various air
pollutants like sulphur dioxide(SO₂), nitrogen oxide (NOx),and particulate matter. We
manage these emissions instrict accordance with ourenvironmental permits andregulatory compliance. Eachof our facilities is obligated toobtain and adhere to
regulatory- approved air
quality limits and permits. This
commitment is reinforced bycontinuous monitoring andthrough these efforts, we
strive to minimize the impactof these emissions on local
communities and thesurrounding environment. We
monitor and conduct stack
test of our DG sets tominimise the air pollution.
Moreover, we are currently
implementing a fume
collector to gather heatfumes, and a dust collector
for effective dust collection.

31  

Occupational Health and Safety
Ensuring the well-being of
our employees is of utmost
importance, given theinherent risks associatedwith heavy machinery andhazardous materials in our
industry. It is not just a
matter of ethical and legal
obligations but also apractical necessity to avoid
disruptions in production,
increased costs, andpotential legal obligations.
Prioritizing health and safety
is integral to our operational
excellence, and responsible
business practices.

Empowering
Our
Employees &Communities
32

At Sage Metals Group, we recognize that
our workforce is our greatest strength. We
are committed to fostering a culture
characterized by exceptional performance,
meritocracy, and inclusivity, enabling our
employees to flourish. With a company-widecommitment to diversity, equity, andinclusion, we are actively engaged incultivating a workforce that not only reflects
our values but also nurtures innovation anddrives sustainable growth.

The health and safety of every
individual is our top priority.
We firmly believe that a safeand healthy work environment
is not just a goal but afundamental right. To uphold
this commitment, we have
implemented stringent safety
protocols, regularly updated
training programs, andcomprehensive risk
assessments across all ouroperations. We encourage aculture of vigilance,accountability, and continuous

improvement, where every
team member plays an activerole in identifying andmitigating potential hazards.

Our Approach
At Sage Metals Group“Ignorance is no excuse“,
health and safety stand as
legal and moral responsibility
towards our employees.
Our continual commitment
goes beyond averting serious
accident; it encompasses theprevention of any unsafe
activities that could potentiallylead to accidents, nearmisses, or necessitate first aid
interventions. We are in theprocess of implementing ISO
45001 at all our operationalsites in India by FY 23-24.
We have established stringent
procedures that enforce a
Zero Tolerance policy towards
unsafe conditions andbehaviors, which could poserisks to employee well-being
or infrastructure. We aremindful of our responsibility
towards safety of individuals in
the workplace. Hence, Risk
Assessments, planned andunplanned job observations,safe operating procedures
and technical instructions, arebut a few of the management
systems in place as part of theoverall Environment Healthand Safety (HSE) program.
Furthermore, we have installedfire extinguisher,water
sprinkler to prevent any
emergency situation
Dedicated team inspects ittime to time.
Preventing Noise Pollution

We regularly assess Lux
levels and sound levels eachquarter to prevent accidents
and promote overall healthand safety.

Material Issue
Health and Safety

SDG

33

  

As per Factory Act, 1948, weare compliant with theregulations and requirementsof the following aspects:

Zero Tolerance Procedure applies to all, and includes but is not limited to:Zero - Accidents
Zero - Amputations
Zero - Tolerance to unsafe conditions and behaviour
Zero - Tolerance to personal protective equipment non-compliance
Zero - Tolerance for failing to comply with lock-out procedures
Zero - Tolerance for failing to adhere and comply with Environmental Health and Safety
Standards and Procedures
Zero - Tolerance for failing to adhere all relevant Legal and Other Requirements.

PerformanceContractors

FY 2020

FY 2021

FY 2022

FY 2023

Male

FemaleMale

FemaleMale

FemaleMale

FemaleNumber of fatalities as a resultof work-related injury

0

0

0

0

0

0

0

0

Number of high-consequencework-related injuries

0

0

0

0

0

0

0

0

Number of dangerous
occurrences / Near misses

68

0

44

0

21

0

24

0

An occupational health andsafety management system
has been implemented atSage Metals Group, in
accordance with legal
requirements. The
implementation of this system
is a response to specific legal
obligations. To meet theserequirements, we maintain alegal register and utilize
legatrix software to ensurecomprehensive compliancewith relevant legislation andregulations.
Our company takes the matterof hazard identification, risk
assessment, and incident
SafetyEmployees

FY 2020

FY 2021

FY 2022

FY 2023

Male

FemaleMale

FemaleMale

FemaleMale

FemaleNumber of fatalities as a resultof work-related injury

0

0

0

0

0

0

0

0

Number of high-consequencework-related injuries

0

0

0

0

0

0

0

0

Number of dangerous
occurrences / near misses

0

0

0

0

0

0

0

0

34

Safety measures andprotocols have been
implemented to protect
employees from workplace
hazards and accidents.

HealthAddressing
health-related concernsand promoting thewell-being of ouremployees

investigation seriously.
A dedicated team led by ERT
plays a crucial role inensuring safety andcompliance. The team is
responsible for hazardous
waste monitoring andensuring its proper and timely
disposal to state-authorized
recyclers in compliance withthe regulations set forth by
the State Pollution Control
Board. As a result of our
100% compliance withenvironmental regulations, thepollution department has notissued a single notice
regarding hazardous
materials.

Procedure for reporting healthand safety incidents

Our plant HR is responsible
for handling health and safetyincident reports at ourheadquarters. Additionally, ateach Plant, we have adesignated area specificallyfor health emergencies,
equipped with medical
professionals and stockedwith necessary medications.
An ambulance is readily
available for any severe
conditions.

Good Working Condition
We provide work environmentthat meets the prescribedstandards for safety, cleanliness,and overall working conditions.

Employee Welfare
We are taking measures toensure provisions for rest,
sanitation, and other facilities
to enhance the well-being of
the workforce.

35  

Our commitment to safety andhazard mitigation isdemonstrated through acomprehensive set ofpractices and initiatives:a) We proactively identify
potential hazards throughinternal audits and ensure
their swift resolution,
thanks to the diligent
efforts of our HR team.

environmental testing andcalibration to maintain thehighest standards of safety
and compliance.
We also have acomprehensive occupational
health and safety training
program designed to address
various aspects of worker
safety.
1. Basic life supportb) Job risk assessments andhealth check-ups, guided
by a robust Health Matrix,
help us monitor andmanage risks associatedwith our operations.

2. Fire fittingc) We strictly adhere to a
PPE (Personal Protective
Equipment) Matrix toensure the safety of ourworkforce.

7. Personal Protective
Equipment (PPE)d) Clear guidelines forincident and accident
reporting have been
established, complete witha structured investigation
format and corrective andpreventive action (CAPA)
procedures.
e) In anticipation of
emergencies, we haveintroduced an Emergency
Response Team (ERT) thatis well-prepared to handle
any unforeseen situations.
We utilize online
monitoring systems like
OCEMS at our Effluent
Treatment Plant (ETP),
employ safety sensors,
and regularly conduct36

3. Safety awareness4. Chemical Handling,
5. Waste Disposal System
6. Ergonomic work condition

8. Mock-drill on oil spills,
chemical spills, and fires

Community Development

9. Unsafe Acts & Conditions

The interactions,partnerships, and initiatives
established between ourbusinesses and thecommunities in which we
operate are aimed at
fostering positive
relationships, addressing
community concerns, andcontributing to the overall
well-being and developmentof the surrounding area.

10. Work instruction atmachines/area
11. Behaviour-based safety
Moving forward, we arecommitted to upholding oursafety vision by dedicating
resources to enhance oursystems, standards, andworkforce. Through theutilization of digital
innovations and cutting-edge
systems, our aim is toproactively identify andmitigate risks, with a strong
focus on becoming a leader
in innovative safety practices.

Our comprehensive
community engagement
strategy revolves aroundcatalyzing economic
development and bolsteringsocial progress. A pivotal
element in this strategy is ourambition to creating
meaningful employment
opportunities within theindustry and community atlarge in the future. Besides
giving priority to local
employment, allows us to not
only progress towards
improving the livelihood ofcommunity members but also
making substantial
contributions to the local
economy. Furthermore, it is
our approach to alignseamlessly with regional labor
regulations and workforce
development initiatives,
reinforcing our commitment
to harmoniously integrate ouroperations with thecommunities we serve.

Material Issue
Community Relations
Local Employment

SDG

Our Approach
At Sage Metals Group ourinteractions with thecommunities where we
operate are driven by astrong commitment tocorporate social responsibility
with the primary objective of
nurturing positive
relationships, addressing
community concerns, andcontributing to the overall
well-being and developmentof the areas in which we arepresent. Central to thisapproach is community
engagement, where we
actively seek input throughvarious channels tounderstand their needs andpreferences. Our
philanthropic efforts extend tosupporting healthcare
institutions, while ourcommitment to environmental
stewardship ensures that ouroperations are conductedwith minimal impact on thesurroundings.

37  

Human and Labor Rights

Performance
Number of initiatives implemented that includes

FY 2020

FY 2021

FY 2022

FY 2023

Social impact assessments, including gender impact assessments,
based on participatory processes

0

0

1

1

Environmental impact assessments and ongoing monitoring

1

1

2

2

Works councils, occupational health and safety committees andother worker representation bodies to deal with impacts

2

2

4

4

Formal local community grievance processes

1

1

4

4

Our commitment tocommunity well-being andenvironmental stewardship isdemonstrated throughinitiatives like vaccination
drives, blood donation
camps, and health check-ups
in collaboration withorganizations like the Rotary
Club, Government Hospital,and ESIC (Employees' State
Insurance Corporation). These
efforts contribute significantly
to public health and ensurethat individuals in thecommunity have access toessential healthcare services.
We also organised annual
tree plantation in the local
area as a part of ourcommitment to environmental
sustainability We firmly
believe in transparent
communication, sharing
information about ouractivities, environmental
impact assessments, andsafety measures, which fosters
trust and confidence within
the community. Ultimately, ourgoal is to cultivate a38

collaborative and mutually
beneficial environment where
both Sage Metals Group andthe community can prosper

together, reflecting ourdedication to being a
responsible and caring
corporate citizen.

The universal Human Rights
based approach encourages
businesses andorganizations to adopt
sustainable and socially
responsible policies andpractices. Respecting andupholding human and laborrights is a foundational
principle that lies at the coreof our values andoperations.
Prioritizing human and laborrights is a matter of ethicalconduct and long-termsustainability. Metals
companies like ours operatingin complex global supply
chains, must ensure that ourown operations and those of
our suppliers uphold theseprinciples.

Elimination ofForced andCompulsory Labor
Uphold the eliminationof all forms of forced
and compulsory labor,
including modern
slavery and humantrafficking.

Abolition ofChild Labor
Take actions toeliminate child labor
in regions ofoperations and within
the supply chain.

conditions for our employees.
Upholding human and laborrights is not just a legal
requirement; it is a moral
imperative that defines ourapproach to responsible andethical business practices.

Material Issue
Human and Labor Rights

SDG

Sage Metals Group seeks to
identify, assess, and manage
human rights impacts within
our value chain in line withthe principles of
non-discrimination and equal
opportunity, forced labor,human trafficking, and childlabor. We prohibit all formsof child and forced labor,
including prison labor,
indentured labor, bonded
labor, military labor, modern
forms of slavery and any formof human trafficking in ouroperations and supply chain.

Our Approach
We commit to providing
equal opportunities to all,free from discrimination,
while ensuring fair wages,
benefits, and safe working

Performance
FY 2020 FY 2021

FY 2022

FY 2023

Operations and suppliers at significant
risk for incidents of child labor

0

0

0

0

Operations and suppliers at significant
risk for incidents of forced labor

0

0

0

0

39

  

Here is a breakdown of ourefforts collectively
contributing to creation of asafe, respectful, and ethicalwork environment:
Age Verification at Entry
We do not hire individuals
below 18 years of age, as aneffective preventive measureindividuals' dates of birth isverified at the entrance.
Document Verification
Checking Aadhar cards andaccepting only those with age
verification by the HR team at
two stages during joining is arobust way to ensure that all
employees are adults.
Clear Signage"CHILD LABOURPROHIBITED" sign isdisplayed at the main gate tosend a strong message andreinforce our commitment to
the policy.
Stress Management
We promote employee
participation in recreational
activities such as table tennis,
carom, chess, etc., which
proves beneficial in
alleviating stress and fosteringa sense of energy andhappiness. Additionally, weorganize sessions on
meditation, yoga, andemployee counseling tofurther support theirwell-being.

40

Reasonable Working Hours
Working hours are limited to
8 hours per day and Sunday
is observed as a holiday inalignment with labor
standards, ensuring a healthy
work-life balance.
We do not promote extra
working hours policy in Head
office but in Plants we pay
them as per minimum wages.
Working Conditions
We always focus to maintainthe work environment
positive,in this regards werandomly collect suggestion
and feedback from them. We
always adhere government
approved minimum wages
policies.
Furthermore, we conduct
annual employees job
satisfactory survey.
Flexible Working Hours
In certain exceptional
circumstances, flexibility inworking hours may be
granted, subject to approvalby the Head of the relevant
department.
Continual Training
Employees are trained
regularly to raise awarenessabout child labor and forcedlabor, empowering ourworkforce to identify andreport any violations they may
come across.
Insurance
We provide employees
medical and accidental
insurance as per the company
policy.
At present, 313 employees
are covered under thisinsurance.
Policy Publication
Publishing our policy against
forced labor at the main gate
serves as a reminder of ourcommitment to ethicalpractices.
Employee Performance
Process
We distribute a self-assessment
form to employees, which they
complete. Subsequently, theHead of the Department(HOD) reviews theassessments, and the forms
are then submitted to the HR
personnel for further
processing.
Promotions are solely basedon individual performance,
ensuring a fair anddiscrimination-free evaluation
process for all employees.

Employee Engagement & Well-being
Our employees are ourbrand ambassadors.
Employee engagement is
critical aspect of ourbusiness, it goes beyond
mere job satisfaction anddelves into the emotional
commitment andenthusiasm that employees
bring to their roles.
Engaged employees are
more likely to be motivated,
productive, and dedicated totheir work, which, in turn,leads to higher overall
performance and betterbusiness outcomes. We
ensure that they are
effectively utilised andrewarded for meeting thecurrent and future needs ofthe organisation. To that end,
fostering employee
engagement becomes anessential goal for companies
looking to thrive in today'scompetitive landscape.
Material Issue
Employee Engagement
and Well-being

SDG

Our Approach
Our approach to employee
engagement and well-being isrooted in creating aworkplace that nurtures theholistic needs of ourworkforce. This includes
prioritizing the welfare of ouremployees, establishing clear
and transparent
communication channels,
enabling open dialogue andfeedback. We invest in healthand wellness programs,
offering physical and mental

well-being resources, while
also embracing flexible work
arrangements toaccommodate diverse needs.
These efforts towards
employee work-life balance,
performance management,
and celebrating milestones
rounds out ourcomprehensive approach,ensuring that our employees
flourish both professionallyand personally.

41

  

Performance

FY 2020
FY 2020

FY 2021

FY 2022

FY 2023

Total no. of employees by employee
category and gender

Male

FemaleMale

FemaleMale

FemaleMale

FemaleSenior management

12

0

13

0

14

0

10

0

Middle management

67

5

73

5

54

6

51

5

Staff

290

2

261

3

195

6

262

4

Total

376

355

349

332

Employee Hires and TurnoverFY 2020

FY 2021

FY 2022

FY 2023

New hires,by age
group

< 30
years

30-50
years

> 50
years

< 30
years

30-50
years

> 50
years

< 30
years

30-50
years

> 50
years

< 30
years

30-50
years

> 50
years

No. ofnew hires*

33

56

2

17

28

6

7

28

0

14

24

1

Total*

91

51

35

39

*This does not include data for Sahibabad location

FY 2020

FY 2021

FY 2022

FY 2021

FY 2022

FY 2023

Average Training Hours per employee,
by gender

Male

FemaleMale

FemaleMale

FemaleMale

FemaleTotal number of training hours
provided to employees

76.83

2.66

494.7

7

166.5

5

35.87

4.64

*This does not include data for Bawal location

Category

FY 2023
Number of people imparted skill upgradation

Employees- Male48

Employees- Female

4

Workers- Male

74

Workers- Female0

Return to work/retention rate of permanent
employees/workers that took parental leave in FY 2023

Return to work rate (%)

Retention rate (%)

Male

100

100

Female100

100

FY 2023

New hires, by gender

Male

FemaleMale

FemaleMale

FemaleMale

FemaleNo. of new hires

105

8

61

3

55

4

47

2

Training and Education
FY 2020
Average Training Hours per employee,
by gender

FY 2021

FY 2022

FY 2023

Male

FemaleMale

FemaleMale

FemaleMale

FemaleSenior management

1

0

21

0

20

0

26

0

Middle management

157.35

8

235.3

12

162

5

108.6

12

Staff

156.59

0

124.6

16

76.5

17

55.16

7.25

Average Training Hours

107.64136.32

74.33

61.67

*This does not include data for Faridabad location

42

43

  

Employee Referral Program
We have implemented a policy thatrewards eligible employees who
successfully refer candidates to join
Sage Metals Group for full-time
regular job openings at all staff
levels.
Maternity Leave
We provide maternity leave to thefemale staff as per policy.
Enhanced Leave Benefits
We have introduced comprehensive
leave rules to support our employees
in maintaining a healthy work-lifebalance. This includes provisions forcasual leaves, sick leaves, and earned
leaves.
Leave Encashment
At the end of the year, any unusedcasual leaves by permanent
employees are eligible forencashment, providing an additional
benefit.
Local Conveyance Entitlement
When employees travel for official
work without being allocated an
official vehicle, they are entitled tohave their travel expenses covered by
the company.
Continuous learning and professional
development opportunities empower
our employees to thrive.

Programmes for upgrading employee skills
and transition assistance programmes
Negotiation & Influencing Skills Training
Urga Calendar - Events: Organizing a calendarof events and workshops to facilitate skill
development and knowledge sharing among
employees.
On-the-Job and Classroom Training
Benchmarking - Operations and Machine
Job Rotation: Providing opportunities for
employees to rotate through different roles ordepartments to broaden their skill sets andperspectives.
Team Building and Result-Oriented Activities
Leadership and Management Development
Programs
Supervisory Development Program
Mentoring and Coaching for Middle
Management

Gender Diversity & Inclusion
Protecting employees fromall forms of discriminationand harassment in theworkplace is imperative.
Companies are incumbent toassume the responsibility of
establishing a safe andinclusive workspace foreveryone and actively strive
to eliminate any form ofharassment or
discrimination.
Being an Equal Opportunity
Employer is a fundamental
aspect of our organizational
ethos. Ensuring that
discrimination based on
various characteristics,
including age, disability,
ethnicity, marital or family
status, military veteran status,
national origin, race, color,religion, gender, gender
identity, sexual orientation, orCommunication and Presentation Skills Training
These programs not only upgrade employee
skills but also promote professional growth anddevelopment, making employees more
adaptable and prepared for transitions within
the organization.

1

44

any other characteristic
protected by law, has noplace in our workplace. We
seek to foster an inclusive
environment that drives new
ideas, products, and services,and better enables us to be
the customer’s first choice.

Material Issue
Gender Diversity & Inclusion

SDG

Our Approach
We are committed to building
and sustaining a diverse andinclusive workplace culturethat unlocks the full potentialof our employees. We
champion the uniquenesseach employee brings to theworkplace and recognize
diversity extends beyond
protected classes like raceand gender to include
differences in background,skill sets and experience.
Sage Metals Group has apolicy of zero tolerance
against any kind of Sexual
Harassment or discrimination
caused by any employee1
during their tenure towards
any women being an
employee, Client, Vendor andContractor in Company
premises or elsewhere in
India or abroad. We firmly
adhere to a merit-based
approach where all
employment decisions aresolely rooted in individuals'
qualifications and theirrelevant job-related
experiences.

Employee – means a person employed by Sage (GIPL) for any work on regular, temporary, ad hoc or daily wage basis, either directly or through an agent, including acontractor, with or, without knowledge, whether for remuneration or not, or working on a voluntary basis or otherwise, whether the terms of employment are expressed or
implied and includes a co-worker, a contract worker, probationer, trainee, apprentice or called by any other such name.

45  

Performance
FY 2021
Percentage of individuals within
the organization’s governancebodies, by gender

FY 2022

Male

FemaleMale

FemaleMale

Female

25%

75%

50%

50%

50%

50%

FY 2021
Percentage of individuals within theorganization’s governancebodies, by age group

FY 2022

FY 2023

< 30
years
old

30-50
years
old

> 50
years
old

< 30
years
old

30-50
years
old

> 50
years
old

< 30
years
old

30-50
years
old

> 50
years
old

50%

50%

0

25%

75%

0

25%

75%

0

FY 2021
Percentage of Permanent
Employees

FY 2023

FY 2022

FY 2023

Male

FemaleMale

FemaleMale

Female

98%

2%

98%

2%

98%

2%

Creating
Sustainable
Product
Solution
46

Product Quality and Innovation drives
competitiveness, customer satisfaction,and business growth. Quality is definedas the extent to which a product fulfills or
surpasses customer expectations andspecified standards concerning
reliability, durability, performance,
safety, and consistency. It serves as thecornerstone for establishing customer
trust and fostering loyalty.

47  

Product Innovation
As the industry is witnessing a
positive shift towards
sustainable practices thatprioritize environmental
stewardship and social
responsibility, innovative
solutions become essential
not only for improving
product quality but also for
reducing the ecologicalfootprint of metal production
and consumption.
Material Issue
Product Quality
Research and Innovation

SDG

Our Approach
We are motivated to observe
how breakthroughtechnologies transition fromR&D programs to adoption byleveraging cutting-edge
technologies and novel
approaches, companies canachieve higher levels of
precision, reliability, andperformance in our metal
produce. Although these
innovative technologies are
anticipated to integrate into
our regular operations in the
future, dedicating resources
to innovation to meet market
demand is essential for us toestablish itself as a market
leader in emerging
technologies. Embracing
innovation will not only help
us meet stringent quality
standards but also drivecompetitiveness and customer
satisfaction in a rapidly
evolving marketplace.

Digitalisation andCybersecurity
Sage Metals Group iscommitted for Digitization alldata to Drive Digital
Transformation. Information
Technology team work closelywith business operation teams
to identify the opportunities
and find way to digitize theAutomate the process via
latest technologies.
Sage Metals spends
significant amount every year
to adopt latest technologies
and improve the security
posture of the organization.
In FY 2023, Sage Group have
implemented significant
projects i.e. Multi cloudenvironment, New Age
firewalls, SAP S/4Hana,
HRMS, ITSM and otherimportant security
applications.
We also focusing toacquire/replace our
Manufacturing machines withlatest PLC based CNC
machines.
Material Issue
Digitalisation andCybersecurity

SDG

48

Our Approach
We are committed toprotection and use of
information technology assets
and resources within theorganisation to ensure
integrity, confidentiality andavailability of data and assets.
Our asset management
policy, applicable to all IT
asset users across our IT
Team's offices and plants in
India, encompasses a wide
range of individuals,
including employees,
temporary employment
agency workers, vendors,
business partners, andcontractor personnel. This
policy is designed to uphold
the responsible managementof IT assets, focusing on
crucial aspects such as
identifying asset ownership,classifying assets, andassessing their Confidentiality,
Integrity, and Availability.
We have also implemented anaccess control and password
policy to define the security
requirements for regulated
access to all digital data
resources. This policy isessential for ensuring thataccess to information,business data, email
accounts, and our ERP systemis strictly controlled. Access isgranted based on businessapprovals and in accordancewith specific security
requirements, following a'need-to-know' basis
approach."

To guarantee that maintains
adequate security controls
throughout the acquisition,
deployment, and maintenanceof its information systems andservices, a Software
Acquisition Policy has been
established. The primaryobjective of this policy is to
educate employees on their
obligations when procuring
or acquiring IT software orservices falling within the
categories outlined in the
Applicable
Hardware/Software/Service
section. This policy outlines
the procedures and principles
governing the procurement ofsuch hardware, software, orservices.

certification to further bolster
our data security practices.

Sage Metals Group has
implemented acomprehensive set ofmeasures to safeguard its
information security. This
includes conducting regularphishing training campaigns
lasting for 15 days andrecurring every quarter. These
campaigns involve sending
employees phishing emails
with links tailored to theirinterests, redirecting users tophishing training videos
aimed at enhancing their
preparedness forcyberattacks. Participation inthese training sessions is
mandatory for all employees.
We are also in the process ofobtaining ISO 27001

Furthermore, we haveestablished an access control
policy, ensuring access to
information systems isgranted based on employees'
job functions. Any deviations
from the standard accessrequire approval from therelevant function head orplant manager. The company
is committed to upholding
information security andcontinually enhancing our
security measures. As a result,
There have been zero
instances concerning breachof customer privacy and lossof data during the reporting
period.

In addition, a third-party
Vulnerability Assessment isconducted annually to identify
and address any IT security
risks. The assessment includes
a detailed review of thereport, followed by the
resolution of identified issues
and a rescan to ensurecompliance with safe
practices. We also maintain aformal records retention
schedule, specifying theduration for retaining various
types of third-party data. The
protection of third-party datafrom unauthorized access ordisclosure is under review.

49  

Corporate GovernanceOne of the primary
responsibilities ofcorporate governance is tooversee the strategic
direction of the company.
This oversight involves
various aspects, including
the composition andindependence of the Boardof Directors, shareholder
rights, executive
compensation, and risk
management.

Board Structure
The composition of theboard is a critical tocorporate governance at
Sage Metals Group. A
well-balanced board
typically includes a mix ofindependent directors,
executives, and sometimes
representatives of major
shareholders.

UpholdingBusiness
Integrity

50

Corporate governance is a crucial
aspect of how companies aremanaged and overseen. It involves aset of practices, rules, and processes
by which a company is directed andcontrolled to ensure it operates inthe best interest of its shareholders
and stakeholders.

Board of Directors

Mr Madhur Aneja
Managing Director

Mr Sandeep Kumar Chotia
Director (Finance)

Mr Michael Rakiter
Director

Mr Sanjay Sanghoee
Director

Mr Matthew Constantino
Director

Mr Sanchit Jain
Nominee Director

Mr Ravi Singhvi
Nominee Director

51  

Business Ethics
Business ethics are theguiding principles that define
the moral compass of ouroperations. This encompasses
principles of honesty, integrity,
fairness, and respect for all
stakeholders, shaping the
conduct of business activities.
Ethical business practices
entail transparency,
compliance with laws andregulations, and a commitment
to social responsibility andsustainability.

Material Issue
Business Ethics
Compliance & Regulation

SDG

Compliance
Our Code of BusinessConduct and Ethics (the“Code”) serves as a guiding
framework to ensurecompliance with legal
requirements and ourstandards of honest andethical business conduct. It
underlines the importance ofaccountability, conflict ofinterest management, andethical leadership. Violationof this standard can result in
disciplinary actions,
including termination of
employment.
Any actual or potential
violation of the Code,howsoever insignificant orperceived as such, would bea matter of serious concern
for the Company.
Consequently, we havedeveloped the Whistleblower
Policy ("the Policy") toestablish a channel throughwhich our employees canvoice their concerns
regarding breaches of legal
or regulatory mandates, aswell as any incorrect ormisrepresentation of any
financial statements andreports, among other issues.

Honest and ethical conduct
are critical to our business.
Compliance demonstrates acommitment to ethical andresponsible businesspractices, fostering trust
among customers, investors,
and regulatory bodies, whichis essential for long-term
success of our company.
ensure adherence toenvironmental standards,
safety protocols, andindustry-specific quality
requirements. Failing tocomply can result in heftyfines, reputational damage,and operational disruptions.
All Representatives have aduty to comply withapplicable law, both to theletter and in spirit, and we
expect you to act in an
honest, ethical, andprofessional manner.
We conduct annual
awareness training to prevent
corruption and bribery as per
the approval of HOD.
Any issues of non-compliance arereported to:Supply Chain Management
Ethical and environmentallyconscious procurement ofmaterials ensures social andenvironmental impact isminimized throughout the
supply chain. These practices
encompass strategies aimed
at reducing environmental
footprint, enhancing social
responsibility, and ensuringlong-term viability of supply
chain, often including
resource conservation andethical considerations that
directly impact our operations
and reputation. From
resource conservation andregulatory compliance tomarket demand and risk
mitigation, the relevance of
responsible sourcing andsustainability cannot be
overstated.
Material Issue
Responsible sourcing &Sustainable Supply Chain

SDG

Our Approach
Sage Metals Group greatly
values the contributions of
our suppliers, contractors,
and other business partners,
collectively referred to as'Business Partners,' as theyplay a crucial role in our
success. In order to foster acollaborative environment
where our Business Partners
are motivated to engage withus, it is imperative that they
have the assurance of being
treated in a legal and ethicalmanner.

significant supplier
agreements. In the process of
selecting a business partner,
principle of nondiscrimination is adhered to.
Regardless of race, color,religion, sex, national origin,age, sexual orientation,
marital status, medical
condition, veteran status,
physical or mental disability,
or any other characteristic
protected by federal, state, or
local law, all Business Partners
are evaluated on their merits.

We purchase supplies,
procure contract labour, andotherwise deal with Business
Partners based on need,
quality, service, price andterms and conditions. It is ourpolicy to select high-quality
Business Partners, whoprovide and create value for
us and our stakeholders.

Typically, Business Partners
retain the freedom to sell theirproducts or services to any
other party, including
Restricted Entities. However,in instances where products
or services are specificallydesigned, fabricated, ordeveloped to the Company's
specifications, contractual
agreements may impose
certain sales restrictions.

We engage in a competitive
bidding process to establish

Company Secretary, Whistle Officer
Head - Personnel & Administration,
Whistle officer

Designated Mail Ids:
compliance.gluhend@gmail.com,
hr@sagemetals.com

5253  GRI Index
Ref No.

Disclosure

Section2-1

Organizational details

About Sage Metals Group

2-2

Entities included in the organization’ssustainability reporting

About the Report

2-3

Reporting period, frequency andcontact point

About the Report2-4

Restatements of information

This is our first sustainability report, hence, there
has been no restatement of information.

2-5

External assurance

The report did not undergo an external assurance.
The disclosures have been reviewed and assured
internally by the board of directors.

2-6

Activities, value chain and otherbusiness relationships

About Sage Metals Group

2-7

Employees

Employee Engagement and Well-being

2-8

Workers who are not employees

Employee Engagement and Well-being

2-9

Governance structure and composition

Upholding Business Integrity

2-11

Chair of the highest governance bodyCEO’s Message
Upholding Business Integrity

2-12

Role of the highest governance body inoverseeing the management of impacts

Upholding Business Integrity

2-14

Role of the highest governance body insustainability reporting

Upholding Business Integrity

2-15

Conflicts of interest

Business Ethics

2-16

Communication of critical concerns

Business Ethics

2-22

Statement on sustainable development strategy

CEO’s Message

Ref No.

Disclosure

Section

3-3Management of material topics

Climate Change and Energy

302-1

Energy consumption within the organization

Climate Change and Energy

302-4

Reduction of energy consumption

Climate Change and Energy

3-3Management of material topics

Water & Effluents

303-1

Interactions with water as a shared resource

Water & Effluents

303-2

Management of water discharge-related impacts

Water & Effluents

303-3

Water withdrawal

Water & Effluents

305-1

Direct (Scope 1) GHG emissions

Climate Change and Energy

305-2

Energy indirect (Scope 2) GHG emissions

Climate Change and Energy

305-5

Reduction of GHG emissions

Climate Change and Energy

3-3Management of material topics

Waste

306-1

Waste generation and significant
waste-related impacts

Waste

306-2

Management of significant waste-related impacts

Waste

306-3

Waste generated

Waste

306-4

Waste diverted from disposal

Waste

3-3

Management of material topics

Employee Engagement & Well-being

EnergyWater

Emissions

Waste

2-25

Processes to remediate negative impacts

Business Ethics Compliance

2-26

Mechanisms for seeking advice and raisingconcerns

Business Ethics Compliance

2-27Compliance with laws and regulations

Compliance

401-1

New employee hires and employee turnover

Employee Engagement & Well-being

2-29

Approach to stakeholder engagement

Stakeholder Engagement

401-2

Benefits provided to full-time employees that are
not provided to temporary or part-time employees

Employee Engagement & Well-being

3-1

Process to determine material topics

Materiality

3-2

List of material topics

Materiality

401-3

Parental leave

Employee Engagement & Well-being

54

Employees

55  

Ref No.

Disclosure

SectionHealth & Safety

Ref No.

Disclosure

SectionCommunity

3-3Management of material topics

Health & Safety

3-3Management of material topics

Community

403-2

Hazard identification, risk assessment,
and incident investigation

Health & Safety

413-1

Operations with local community engagement,
impact assessments, and development programs

Community403-3

Occupational health services

Health & Safety

413-2

Operations with significant actual and potential
negative impacts on local communities

Community

403-7

Prevention and mitigation of occupational
health and safety impacts directly linked bybusiness relationships

Health & Safety
418-1

Substantiated complaints concerning breaches ofcustomer privacy and losses of customer data

Digitisation and Cybersecurity

403-8

Workers covered by an occupational healthand safety management system

Health & Safety

403-9

Work-related injuries

Health & Safety403-10Work-related ill health

Health & Safety

Training & Development
3-3Management of material topics

Employee Engagement & Well-being

404-1

Average hours of training per year per employee

Employee Engagement & Well-being

404-2

Programs for upgrading employee skills andtransition assistance programs

Employee Engagement & Well-being

404-3

Percentage of employees receiving regularperformance and career development reviews

Employee Engagement & Well-being

3-3Management of material topics

Gender Diversity & Inclusion

405-1

Diversity of governance bodies and employees

Gender Diversity & Inclusion

Operations and suppliers at significant
risk for incidents of child labour

Human and Labor Rights

Operations and suppliers at significant risk
for incidents of forced or compulsory labour

Human and Labor Rights

Diversity & Inclusivity

Child Labor
408-1

Forced Labor
409-1

56

57

INDIA

346, Functional Industrial Estate,
Patparganj, New Delhi - 110092

USA

Sage International Inc.
1470 Avenue T, Grand Prairie, Texas 75050

www.sagemetals.com | www.jaycomfg.com | www.tridentcomponents.com