Business Responsibility Report FY 2020-21
Section A: General Information about the Company
- Corporate Identity Number (CIN) of the Company: L28920MH1957PLC010839
- Name of the Company: Siemens Limited
- Registered Address: Birla Aurora, Level 21, Plot No.1080, Dr. Annie Besant Road, Worli, Mumbai-400030
- Website: https://www.siemens.co.in/
- E-mailid: communication.in@siemens.com
- Financial Year Reported: 1st October 2020 - 30th September 2021
- Sector(s) the Company is engaged in (industrial activity code-wise)
Power generation, transmission and distribution, intelligent infrastructure for buildings, distributed energy systems, automation and digitalization for discrete and process manufacturing industries, intelligent mobility solutions for rail and road transport.
Industrial | Description |
Group | |
271 | Manufacture of electric motors, generators, transformers and electricity distribution and control |
apparatus | |
281 | Manufacture of general purpose machinery |
279 | Manufacture of other electrical equipments |
261 | Manufacture of electronic components and optical products |
302 | Manufacture of railway locomotives and rolling stock |
331 | Repair of fabricated metal products, machinery and equipments |
332 | Installation of industrial machinery and equipments |
List three key products/services that the Company manufactures/provides (as in balance sheet)
- Switchgear Items
- Switchboards, control boards and miscellaneous accessories
- Transformers, Turbine and Motors
For additional information on products and solutions, please refer to the Annual financial statements and Management Discussion and Analysis Report.
8. Total number of locations where business activity is undertaken by the Company
- Number of International Locations: Siemens Limited has 2 international locations - Sri Lanka, Bangladesh.
- Number of National Locations: Siemens Limited has 34 locations including factories across India.
- Markets served by the Company - Local/State/National/International: Siemens Limited has a pan-Indiapresence and supports Siemens business in Bangladesh, Nepal, Bhutan and Sri Lanka.
Section B: Financial Details of the Company
- Paid up Capital (INR Million): 712
- Total Turnover (INR Million): 131,045
- Total profit after taxes (INR Million): 11,030
- Total Spending on Corporate Social Responsibility (CSR) as percentage of profit after tax (%): 2.0% (of average net profit for previous three years)
- List of activities in which expenditure in 4 above has been incurred: The three thematic areas of the CSR projects are as follows:
- Education
- Social
- Environment
Annual Report 2021 | Siemens Limited | 1 |
The list of projects where the expenditures were incurred is available at the link:
https://assets.new.siemens.com/siemens/assets/api/uuid:b624cbce-72f2-4b63-8d48-9ea2a091f9cb/ SiemensLimitedCSRProjectsFY21.pdf
Section C: Other Details
-
Does the Company have any Subsidiary Company/ Companies?
Siemens Rail Automation Pvt. Ltd and C&S Electric Limited with effect from 1st March 2021 are subsidiary companies as of 30th September 2021. - Do the Subsidiary Company/Companies participate in the BR Initiatives of the parent company? If yes, then indicate the number of such subsidiary company(s)
Yes, Siemens Rail Automation Pvt. Ltd. a wholly owned Subsidiary Company participates in the BR initiatives of the parent Company. - Do any other entity/entities (e.g. suppliers, distributors etc.) that the Company does business with participate in the BR Initiatives of the Company? If yes, then indicate the percentage of such entity/entities? [Less than 30%, 30-60%, More than 60]
It is mandatory for all the channel partners, suppliers, vendors, NGOs and contractors to adopt the Code of Conduct for Siemens Suppliers which contains the basic principles and rules for business conduct.
Section D: BR Information
1. Details of Director/Directors responsible for BR
-
Details of the Director/Directors responsible for implementation of the BR policy/policies.
DIN: 02261944
Name: Mr. Sunil Mathur
Designation: Managing Director and Chief Executive Officer - Details of the BR head
S. No. | Particulars | Details |
1. | DIN Number (if applicable) | ---- |
2. | Name | Lakshmi Chatterjee |
3. | Designation | Head of Strategy & Sustainability |
4. | Telephone number | 1800 209 1800 |
5. | E-mail id | lakshmi.chatterjee@siemens.com |
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2. Principle-wise (as per NVGs) BR Policy/policies (Reply in Y/N)
S. | Questions | P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | ||||
No. | ||||||||||||||
1. | Do you have policy/policies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | ||||
for... | ||||||||||||||
2. | Has the policy being | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | ||||
formulated in consultation | ||||||||||||||
with the relevant | ||||||||||||||
stakeholders? | ||||||||||||||
3. | Does the policy conform to | The policies are in line with international standards and practices such as ISO | ||||||||||||
any national /international | 14001, BS OHSAS 18001, UNGC Guidelines, UN Human Rights Declaration | |||||||||||||
standards? If yes, specify? | and European Human Rights Convention; ILO Principles, OECD Guidelines for | |||||||||||||
Multinational Enterprises, UN Convention against Corruption; IFRS as issued | ||||||||||||||
by the IASB. | ||||||||||||||
4. | Has the policy been | Significant policies are formulated at Siemens Group level in Germany. | ||||||||||||
approved by the Board? | The policies are adopted by Siemens Limited in India with Board level | |||||||||||||
If yes, has it been | undertaking to the Group on implementation of key policies in India. The | |||||||||||||
signed by MD/ owner/ | policies pertaining to local legislations and systems are approved and signed | |||||||||||||
CEO/ appropriate Board | by relevant senior management personnel. | |||||||||||||
Director? | ||||||||||||||
5. | Does the Company have | The Company has a well-established internal governance structure to ensure | ||||||||||||
a specified committee | the implementation of various policies, internal regulations and procedures. | |||||||||||||
of the Board/ Director/ | The Company has internally mapped all policies, internal regulations and | |||||||||||||
Official to oversee the | procedures to business functions responsible for implementation. The MD/ | |||||||||||||
implementation of the | CEO has the ultimate responsibility to oversee implementation of all policies. | |||||||||||||
policy? | Siemens Limited reviews the implementation of policies through its internal | |||||||||||||
audit and risk management process. | ||||||||||||||
6. | Indicate the link for the | Siemens Business Conduct Guideline is available at: | ||||||||||||
policy to be viewed online? | https://new.siemens.com/in/en/company/investor-relations/business-ethics. | |||||||||||||
html | ||||||||||||||
Siemens Compliance policy is available at: | ||||||||||||||
https://new.siemens.com/in/en/company/investor-relations/business-ethics. | ||||||||||||||
html | ||||||||||||||
Siemens Safety, Health and Environment policy is available at: | ||||||||||||||
https://new.siemens.com/in/en/company/sustainability.html | ||||||||||||||
Siemens CSR policy is available at: | ||||||||||||||
https://assets.new.siemens.com/siemens/assets/api/uuid:be123153-67bc- | ||||||||||||||
4f31-9856-46c12634b6cd/SiemensLimitedCSRPolicy11May2021.pdf | ||||||||||||||
All other policies are available on the Company's internal network. | ||||||||||||||
7. | Has the policy been | Yes. All the policies communicated to internal stakeholders are available on | ||||||||||||
formally communicated | the internal network. Policies communicated to external stakeholders are | |||||||||||||
to all relevant internal and | available on the Siemens website. | |||||||||||||
external stakeholders? | ||||||||||||||
8. | Does the Company have | Yes. There is an in-house structure with clearly defined roles and | ||||||||||||
in-house structure to | responsibilities that are periodically reviewed under the Internal Risk | |||||||||||||
implement the policy/ | Management Framework. | |||||||||||||
policies? |
Annual Report 2021 | Siemens Limited | 3 |
9. | Does the Company have | Yes. The Company's stakeholder grievance is covered by the Code of |
a grievance redressal | Conduct for Suppliers and Business Conduct Guidelines. In order to ensure | |
mechanism related to the | integrity and transparency of business processes, there is a system in place | |
policy / policies to address | to identify any non-compliance and violations of the Siemens Business | |
stakeholders' grievances | Conduct Guidelines. The tool, "Tell Us", can be used for whistle blowing | |
related to the policy/ | and redressal of other grievances by employees, customers, suppliers and | |
policies? | other stakeholders 24/7 worldwide either online or by telephone, and in any | |
of the 150 languages. All the concerns reported on "Tell Us" are addressed | ||
through proper channels and if found to have merit, disciplinary action is | ||
taken. There is also an ombudsman in place where grievances can be raised. | ||
Employees and third parties can confidentially and anonymously confide | ||
in these impartial professionals should they observe improper business | ||
practices in the Company. Siemens has a Business Enquiry Helpline number | ||
(1800 209 1800) to register any complaints. Siemens also has a "Contact Us" | ||
page through which customers and other stakeholders can register queries | ||
on investor relations, press and media, general or other enquiries. | ||
10. | Has the company carried | Yes. The Company's policies and procedures are supported by Internal Risk |
out independent audit/ | Controls. These risk controls are continually evaluated for their efficacy | |
evaluation of the working | through internal audit mechanism and are also subject to external audits. | |
of this policy by an internal | ||
or external agency? |
2a. If answer to S. No. 1 against any principle, is 'No', please explain why: (Tick up to 2 options)
Not applicable, as Siemens Limited has policies in place for all the 9 Principles
3. Governance related to BR
-
Indicate the frequency with which the Board of Directors, Committee of the Board or CEO assesses the BR performance of the Company. Within 3 months, 3-6 months, Annually, more than 1 year
The BR performance is reviewed quarterly by the CEO. - Does the Company publish a BR or a Sustainability Report? What is the hyperlink for viewing this report? How frequently it is published?
Siemens Limited has been publishing a Business Responsibility Report annually since eight years. The reports can be viewed at following URL https://new.siemens.com/in/en/company/investor-relations/annnual-report.html
Section E: Principle-wise performance
PRINCIPLE 1: BUSINESSES SHOULD CONDUCT AND GOVERN THEMSELVES WITH ETHICS, TRANSPARENCY AND ACCOUNTABILITY
1. Does the policy relating to ethics, bribery and corruption cover only the company? Yes/ No. Does it extend to the Group/Joint Ventures/ Suppliers/Contractors/NGOs/Others?
Siemens Limited holds the highest standards of integrity and behavior, ensuring compliance and adherence to the law and internal regulations through the Siemens Compliance System. Compliance is firmly embedded throughout the Company - not only through internal regulations, related processes and controls, but also through requirement for all Siemens managers to actively take responsibility, ongoing communication and training measures that help to strengthen the culture of integrity in Siemens. "Always act as if it were your own company" - This maxim of an active ownership culture applies to every individual - from Managing Board members to trainees. Every employee takes responsibility for Siemens' success and for ensuring that this success is achieved in an exemplary manner - in accordance with our corporate values. This is the overarching element of the Siemens Compliance System with its three action levels: Prevent, Detect and Respond. Siemens Limited. has zero tolerance for corruption and violations of the principles of fair competition. Siemens Limited. has adopted the Business Conduct Guidelines (BCG), which details the minimum acceptable ethical and responsible business practices for employees, channel partners, suppliers, vendors, NGOs and contractors. The Company is committed to transparency and best practices are also extended to suppliers through the Code of Conduct for
4 | Annual Report 2021 | Siemens Limited |
suppliers, channel partners and other external stakeholders. This code warrants compliance with laws prohibiting child labor, taking responsibility for the health and safety of their employees and ensuring that suppliers act in accordance with applicable statutory and international standards regarding environmental protection and human rights. The effectiveness of compliance at Siemens Limited. rests on the Company-wide governance performed by Compliance organization, supported by clear reporting lines.
2. | How many stakeholder complaints have been received in the past financial year and what percentage was | ||
satisfactorily resolved by the management? If so, provide details thereof, in about 50 words or so. | |||
Received in 2020-21 | Percentage satisfactorily resolved | ||
by the management | |||
Stakeholder complaints related to ethics, | 22 | 82% | |
bribery and corruption | |||
Siemens takes all matters raised concerning possible ethics & compliance breaches very seriously. These matters are | |||
recorded, evaluated and investigated in a transparent, fair and objective manner following the Siemens' laid down | |||
processes. For the year ended 30th September 2021, out of the total 22 such matters received, 21 were completed as on | |||
15th October 2021 and the one remaining matter is in finalization stage. |
PRINCIPLE 2: BUSINESSES SHOULD PROVIDE GOODS AND SERVICES THAT ARE SAFE AND CONTRIBUTE TO SUSTAINABILITY THROUGHOUT THEIR LIFE CYCLE
-
List up to 3 of your products or services whose design has incorporated social or environmental concerns, risks and/or opportunities.
Listed below are products and services which incorporate environment and safety risks/concerns - Regenerative breaking in EMU Mumbai and Electric Locomotives
- Sinorix 227 and Sinorix 1230 Fire Extinguishing system
- Premium Efficiency Motors IE3 with CE Complaint Design
- For each such product, provide the following details in respect of resource use (energy, water, raw material etc.) per unit of product (optional):
- Reduction during sourcing/production/ distribution achieved since the previous year throughout the value chain?
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Sinorix 227 and Sinorix 1230 Fire Extinguishing system
Sinorix 1230 and Sinorix 227 are room protection systems. Both systems are using chemical agents to absorb the heat and thus extinguish the fire. Sinorix 1230 uses 3M Novec 1230 Fire Protection Fluid and Sinorix 227 uses HFC 227ea.
Sinorix 227ea Fire Extinguishing system
With an ozone depletion potential of 0, it has no influence on the ozone layer. Extinguishing without leaving any residue and without risk of corrosion is the optimal prerequisite to contain for example a smoldering fire in electrical switching rooms, telecommunication systems, data centers or server rooms - before it even gets started. Sinorix 227 extinguishing solutions provide optimal protection against risks of fire and allows fast, reliable extinguishing.
Sinorix 1230 Fire Extinguishing system
Sinorix 1230 reacts rapidly with superior extinguishing properties - protecting valuable assets and ensuring extinguishing without negative impact on the environment. The agent is also non-toxic,non-flammable and non-explosive. The Sinorix 1230 fluid has zero ozone depletion potential. The Sinorix 3M™ Novec™ 1230 Fire Protection fluid is non-corrosive and non-conductive and does not damage high-value assets such as delicate electronics. Environmentally friendly and Novec 1230 fluid is safe for people thanks to one of the highest safety margins.
Maintaining process loss of HFC 227ea gas during gas filling process at 1.6% against consumed quantity in FY21, thereby also reducing the CO2 emission.
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Sinorix 227 and Sinorix 1230 Fire Extinguishing system
Annual Report 2021 | Siemens Limited | 5 |
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Siemens Ltd. published this content on 04 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2022 15:28:00 UTC.