Shriram Pistons & Rings: BRSR, CDP, EcoVadis and a Decarbonisation Roadmap
Shriram Pistons and Rings Limited
At a Glance
- Industry: Automotive components (pistons, piston rings and engine components)
- Company: Listed (NSE: SHRIPISTON)
- Headquarters: New Delhi, India
- Employees: 4,000
- Exports: 50+ countries
- Sites in scope: 3 manufacturing plants, 5 assembly units, 1 corporate head office and 5 regional sales offices
- Services: BRSR reporting, CDP, EcoVadis, materiality assessment, ESG strategy, decarbonisation roadmap, GHG accounting (Scope 1, 2 and 3), ESG data management platform, customer ESG questionnaires
- Headline results: BRSR published for FY 2022-23 and FY 2023-24; CDP disclosure submitted; EcoVadis assessment completed; decarbonisation roadmap in place
About the Client
Shriram Pistons & Rings Limited (SPRL) manufactures pistons, piston rings and engine components for the automotive and industrial sectors, from manufacturing facilities across India, and exports to more than 50 countries.
SPRL partnered with Oren to build a structured, data-driven ESG programme covering 14 sites: 3 manufacturing plants, 5 assembly units, the corporate head office and 5 regional sales offices. The work spanned materiality assessment, decarbonisation planning, BRSR and CDP reporting, the EcoVadis assessment, customer ESG requests and stakeholder engagement.
The Challenge
- Materiality and stakeholder engagement: SPRL needed a structured way to identify and prioritise the ESG factors most critical to its business and stakeholders.
- Integrated ESG data: regulatory and customer reporting needed one central ESG data repository instead of separate sources.
- Scope 1, 2 and 3 emissions: measuring direct, indirect and supply chain emissions required a structured approach that could support real reductions.
- Decarbonisation roadmap: SPRL wanted a long-term, measurable plan for cutting carbon emissions.
- Customer ESG queries: as customers' sustainability expectations grew, SPRL needed a reliable way to answer their questionnaires and requests.
Oren's Solution
- Materiality assessment: Oren ran a materiality analysis with key stakeholders to align ESG priorities with SPRL's business objectives.
- Central ESG database: Oren Sustainability Hub gave SPRL one ESG data repository across all 14 sites, used for BRSR, CDP and customer disclosures.
- Emissions management: Oren set up tracking and analysis of Scope 1, 2 and 3 emissions as the basis for the carbon reduction strategy.
- EcoVadis: Oren supported SPRL through its EcoVadis sustainability assessment, improving its rating.
- BRSR and CDP: Oren guided the development and submission of SPRL's Business Responsibility and Sustainability Report (BRSR) and its CDP disclosure.
- ESG strategy and decarbonisation plan: Oren worked with SPRL on an ESG strategy that includes a decarbonisation roadmap with measurable targets.
- Customer ESG support: Oren helped SPRL answer customer ESG assessments and enquiries.
The Outcome
| Impact Area | Outcome |
|---|---|
| Regulatory Reporting | BRSR developed and published for FY 2022-23 and FY 2023-24, in line with SEBI's guidelines. |
| Disclosures & Ratings | CDP disclosure submitted and EcoVadis assessment completed with an improved rating. |
| Data Management | One ESG and GHG database across 14 sites on Oren Sustainability Hub, serving regulatory, CDP and customer reporting. |
| Decarbonisation | A structured, actionable decarbonisation roadmap backed by Scope 1, 2 and 3 emissions tracking. |
| Strategy | ESG principles built into the corporate strategy, with priorities set through the materiality assessment. |
| Customer Confidence | Customer ESG questionnaires and assessments answered from the same central data, with Oren's support. |
In the Client's Words
"Oren is very professional, and they deliver their services and commitments in a time-bound manner. The products they have developed are absolutely topnotch and it caters to all our requirements."
Atul Khanapurkar, Executive Director, Shriram Pistons & Rings
Conclusion
Shriram Pistons & Rings now runs BRSR, CDP, EcoVadis and customer ESG reporting from one database covering its plants, assembly units and offices, with a materiality-led ESG strategy and a decarbonisation roadmap to guide the next phase.
Related services: BRSR reporting · CDP · EcoVadis · Decarbonisation · ESG for automotive
