Shriram Pistons and Rings LImited

About

• Industry: Automotive Manufacturing
• Company: Public (NSE: SHRIPISTON)
• Number of Employees: 4,000
• Headquarter: New Delhi, India
• Global Presence: 50+ Countries
• ESG Needs: OSH, BRSR, EcoVadis, CDP, Materiality Assessment, Customer Report, ESG Strategy, Decarbonisation, GHG (Scope 1, 2, 3)

Company Overview

Shriram Pistons & Rings Limited (SPRL) is a leading manufacturer of pistons, piston rings, and engine components, serving both the automotive and industrial sectors. With six advanced manufacturing facilities across India and exports to over 50 countries, SPRL has built a strong reputation for quality, innovation, and sustainability. 

Committed to responsible growth, the company integrates best-in-class environmental, social, and governance (ESG) practices into its business operations to ensure long-term resilience and compliance with evolving global standards.

Project Overview

To strengthen its sustainability framework and regulatory compliance, SPRL partnered with Oren to establish a structured, data-driven ESG strategy. This initiative aimed to enhance corporate transparency, improve ESG reporting accuracy, and create a streamlined approach for managing sustainability initiatives across: 3 manufacturing plants and 5 assembly units, 1 corporate head office, and 5 regional sales offices.

The project focused on materiality assessment, decarbonization planning, CDP and ESG reporting (BRSR), and EcoVadis score assessment, and stakeholder engagement, ensuring SPRL remains at the forefront of sustainability leadership in the industry.

Oren provided strategic expertise and technological solutions, enabling SPRL to seamlessly integrate ESG best practices into its operations while aligning with global reporting frameworks and stakeholder expectations.

Key Challenges

• Materiality Assessment & Stakeholder Engagement: SPRL required a structured methodology to identify and prioritize ESG factors most critical to its business and stakeholders, ensuring alignment with industry best practices.
• Integrated ESG Data Management: The company needed a centralized ESG data repository to streamline regulatory and customer reporting, improving data efficiency, accuracy, and accessibility.
• Scope 1, 2, and 3 Emissions Tracking: Measuring and mitigating direct, indirect, and supply chain emissions demanded an advanced, structured approach to ensure transparency and meaningful reductions.
• Decarbonization Roadmap Development: SPRL aimed to establish a long-term strategy for reducing carbon emissions, ensuring a measurable and impactful path toward sustainability.
• Customer ESG Queries & Compliance: As customer expectations around sustainability and ESG compliance grew, SPRL needed a robust framework to effectively address inquiries and align with evolving ESG requirements, reinforcing its competitive edge.

Oren’s Solutions

To support SPRL’s sustainability journey, Oren implemented a range of strategic interventions designed to enhance ESG integration, regulatory compliance, and stakeholder engagement:

• Materiality Assessment & Stakeholder Engagement: Oren facilitated a comprehensive materiality analysis, engaging key stakeholders to refine and align ESG priorities with SPRL’s business objectives and industry standards.
• Development of a Centralized ESG Database: By implementing the Oren Sustainability Hub, SPRL gained a centralized ESG data repository, streamlining data collection and reporting for BRSR, CDP, and customer disclosures across: 3 manufacturing plants and 5 assembly units, 1 corporate head office, and 5 regional sales offices.
• Scope 1, 2, and 3 Emissions Management: Oren enabled SPRL to track, measure, and analyze emissions data, laying the foundation for an effective carbon reduction strategy.
• EcoVadis Score Assessment: Oren supported SPRL in undergoing an EcoVadis sustainability assessment, enhancing its rating and reinforcing its commitment to responsible business practices.
• BRSR & CDP Reporting: Oren guided SPRL through the development and submission of its Business Responsibility and Sustainability Report (BRSR) and Carbon Disclosure Project (CDP) report, ensuring regulatory compliance and transparency.
• ESG Strategy & Decarbonization Plan: Oren collaborated with SPRL to develop a comprehensive ESG strategy, incorporating a decarbonization roadmap to achieve measurable sustainability targets.
• Customer ESG Queries & Assessment Support: Oren provided expert assistance in addressing customer ESG-related assessments and inquiries, ensuring seamless compliance with evolving client sustainability expectations.

Key Outcomes

Through its partnership with Oren, SPRL has made significant strides in ESG integration, reinforcing its commitment to sustainability, transparency, and regulatory compliance.

• Comprehensive ESG Strategy Integration: SPRL successfully embedded ESG principles into its corporate strategy, strengthening its position as a sustainability leader in the industry.
• Optimized ESG Reporting Capabilities: Leveraging the Oren Sustainability Hub, SPRL established a centralized ESG and GHG database, enabling efficient, data-driven multi-stakeholder reporting.
• Successful Completion of BRSR: Oren developed and published SPRL’s Business Responsibility and Sustainability Report (BRSR) for FY 2022-23 and FY 2023-24, ensuring full regulatory compliance with SEBI’s guidelines.
• Clear Decarbonization Roadmap: SPRL now has a structured, actionable plan to achieve its long-term carbon reduction goals, positioning itself for a low-carbon future.
• Strengthened Stakeholder Confidence: By proactively addressing ESG concerns and sustainability expectations, SPRL has enhanced its reputation, investor trust, and competitive positioning.

Through its strategic collaboration with Oren, SPRL has laid a strong foundation for ESG leadership. With a structured, future-focused approach, the company is well-equipped to drive long-term growth, regulatory compliance, and sustainability excellence.