Midwest Limited - ESG Summary Midwest is committed to integrating Environmental, Social, and Governance (ESG) principles into its operations, focusing on sustainable mining practices, environmental contributions, and strong governance to ensure long-term value for stakeholders.
In its pursuit of sustainable mining, Midwest has implemented fuel-efficient systems and is transitioning to electrification of vehicle fleet and compressors to reduce greenhouse gas (GHG) emissions and reliance on diesel. The company aims to transform 11 out of its 58-strong vehicle fleet into electric vehicles (EVs) in a phased manner. Midwest has successfully converted 21 diesel-operated compressors and is in the process of converting additional 6 compressors to electrical compressors by 2026. This conversion is a testament to our green efforts, as it leads to a significant reduction in energy consumption and greenhouse gas emissions. Additionally, to ensure safe fuel management, Midwest employs an Underground Tank Decantation System and an Automatic Tank Gauging (ATG) system, automated flow meters, diesel bowsers, RFID tags, and machine sensors for precise fuel tracking and consumption optimization.
Midwest documented direct GHG emissions (Scope 1) stemming from the combustion of fuels in mining equipment and company-owned vehicles as part of its operational emissions profile, and indirect GHG emissions (Scope 2) of 6,760.97 MTCO2e from purchased electricity. The company is addressing its Scope 2 emissions by planning investments in on-site renewable energy projects like solar power plants and by designing a renewable energy transition roadmap.
The company also recorded levels of nitrogen dioxide (NO2) at 18.961 µg/m3, sulfur dioxide (SO2) at 9.32 µg/m3, and particulate matter at 95.54 µg/m3. Midwest has initiated a shift to renewable energy with the installation of a 1.1 MW Solar Power Plant at Arpanpally and plans for further expansion of 0.66 MW across sites in the Telangana state.
Midwest’s water management strategy focuses on conservation and efficiency, employing advanced technologies, rainwater harvesting in mining pits and recycling to reduce consumption and protect local water bodies. The company's landreclamation strategy includes eco-friendly overburden management, post-excavation rehabilitation, green belt development with native species, and a maintenance program for ongoing environmental stewardship. Midwest has developed green belts of over 43 acres and is contributing to Telangana state government’s "Harithaharam program" by providing with over 25,000 saplings.
The company prioritizes employee well-being, investing in safety training, health initiatives, and benefits, conducting regular health surveys, and providing on-site medical facilities. High-quality Personal Protective Equipment (PPE) and vocational training are also provided to the employees. The company promotes job creation and nurtures talent in smaller towns by employing over75% of its workforce from rural and semi-urban areas. The CSR Committee of Midwest is responsible for overseeing the CSR Policy, planning actions, allocating budgets, and ensuring the proper use of CSR funds. The company fosters a culture of volunteering for community engagement and development.
The company has contributed INR 19.2 million towards Corporate Social Responsibility in the current year, with a total expenditure of INR 54.9 million since the financial year 2014-15. Midwest champions education, focusing on early childhood programs for specially abled students, vocational training, distributed bicycles and supported in enhancing essential infrastructure facilities for 21 schools. The company has also upgraded healthcare facilities and promoted sustainable livelihoods through rural development initiatives, such as supporting sustainable agriculture by distributing organic input kits and conducted training sessions for farmers on using organic kits and urban composting techniques. Through these comprehensive sustainability initiatives, Midwest Ltd. demonstrates its unwavering dedication to environmental stewardship, social responsibility, and corporate governance.