Websol Energy System Limited Submits FY26 Business Responsibility and Sustainability Report
Websol Energy System Limited has filed its Business Responsibility and Sustainability Report for FY 2025-26. The report details operations in Photovoltaic Solar Cells & Modules, employee data, and ESG initiatives. Key targets include reducing energy consumption by 30% and increasing solar energy share to 35% by FY 2030. The company also aims to enhance women's participation in the workforce to 10-15% by 2027.
The filing of the Business Responsibility and Sustainability Report is a standard compliance requirement and does not immediately impact the company's operations, financial performance, or stock price.
The announcement is a routine regulatory filing (BRSR report) and does not contain any new financial performance data or significant business developments that would indicate a positive or negative sentiment.
Websol Energy System Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26 to the National Stock Exchange of India Limited and BSE Limited. This report, which forms part of the Integrated Annual Report, details the company's commitment to ethical and sustainable business practices.
The BRSR report covers a comprehensive range of disclosures, including details about the company's corporate identity, business activities focused on manufacturing Photovoltaic Solar Cells & Modules (99.96% of turnover), and its operational footprint across 15 states in India and 1 country internationally. It also provides detailed information on employee demographics, with a total of 140 employees and 855 workers as of FY 2025-26, and highlights the participation of women in leadership roles, with 2 out of 6 Board of Directors being female.
The company also outlined its approach to material responsible business conduct and sustainability issues. Key areas of focus include energy and GHG management, with plans to install a 700-kW rooftop solar project by FY 2026-27 to reduce Scope 2 emissions, and waste management with a focus on circular economy principles. Websol Energy System Limited also detailed its targets for environmental, social, and governance (ESG) aspects, aiming for significant reductions in electricity consumption intensity, increased solar energy share, and emission reductions by FY 2029. Social targets include expanding CSR programs, achieving 100% employee health coverage, and enhancing women's participation in the workforce to 10-15% by 2027.
The report also addresses compliance with labour laws, human rights, and occupational health and safety, with the company holding ISO 45001 certification for its OHS management systems. Websol Energy System Limited has a zero-tolerance policy towards corruption and bribery and has established internal control and monitoring mechanisms to assess its ESG performance.
A plain-language summary of a public exchange filing by Websol Energy System Limited. Read the original for the full detail.