Allcargo Group Enhances ESG Initiatives
Allcargo Group, a global logistics conglomerate headquartered in India, is bolstering its Environmental, Social, and Governance (ESG) framework while speeding up its initiatives.
Allcargo Group aims to establish a robust ESG framework for its global businesses, regardless of their evolution stage, to create sustainable outcomes and uphold its commitment to society and the environment.
To this end, the group has enlisted KPMG Assurance and Consulting Services LLP to help establish a foundational framework for its ESG strategy and goals.
Furthermore, given the group's worldwide presence, it has brought in GovEVA to automate ESG reporting and provide digital tools for tracking and driving ESG programmes. GovEVA's ESG software leverages AI-enabled automation and domain-rich content, facilitating an organisation's ESG journey.
Allcargo Group's ESG strategy will be overseen by a core group composed of senior leaders from its worldwide offices, led by Suresh Kumar R, CEO of Allcargo Logistics India. The group is developing a comprehensive roadmap to accomplish its ESG and sustainability goals. To gain a better understanding of how ESG could be integrated into the group's business, over 300 senior leadership team members underwent immersive training by NITIE (National Institute of Industrial Engineering).
“We are reimagining our existing business models and believe that for sustainable growth, ESG has to be integral and embedded in our business strategy. To scale up our ESG agenda further, we have embarked on our journey of building a diverse workforce while nurturing the community we live in. Our ultimate focus with the ESG strategy is to help us position ourselves for continued success while supporting our clients' business objectives. At this juncture, we are uniquely placed to combine our business operations and be more purpose and sustainability-driven, coupled with digital innovation that will ultimately lead us to not only drive the sustainability agenda of the group but also shape sustainable logistical solutions with the wider logistics ecosystem and leave behind a better planet for the future generations,” said Mr. Shashi Kiran Shetty, Founder and Chairman of Allcargo Group.
Allcargo group has launched various programmes over the past quarters, including Cybersecurity, Diversity & Inclusivity, and Supporting Communities. The group is ISO27001 certified and has a low-risk Cyber Exposure Score.
The technology stack has been centralised, and a unified dashboard is used for reporting key metrics. The group has over 50% women in its workforce, with ECU Worldwide leading in inclusivity and diversity. A "RESTART- Back To Work Programme" for women returning to work was introduced, and Gati-KWE has one in five middle and upper management positions staffed by women.
Recognising the importance of community skilling, Allcargo Group established a multi-skill development centre in collaboration with JNPT and CIDCO, providing underprivileged youth with better employment prospects and transforming their lives. The Pradhan Mantri Kaushal Kendra (PMKK) has helped over 500 students complete training and receive job placements.
The Allcargo Group is also taking steps towards environmental sustainability by aiming to switch Gati's (an Allcargo Group Company) entire fleet of last-mile delivery vehicles to alternate fuels by 2025. The Avvashya Foundation, which is the group's CSR arm, is working towards planting a million trees by 2023 in collaboration with 15,000 farmers across tribal belts in Maharashtra under the Maitree initiative. This initiative is focused on creating a positive impact on the environment and local communities.
Headquartered in Mumbai, Allcargo Group operates in 180 countries and has a revenue of over USD 2.6 billion. The group, which comprises Allcargo Logistics Limited, ECU Worldwide, and Gati Limited, is customer-centric and prioritises a digital-first approach. It provides solutions for the international supply chain, express distribution, CFS-ICD, contract logistics, and logistics parks.
Source: American Journal of Transportation