TK Elevator has been conferred with the 2nd prize at the “National Award for Excellence in Energy Management (NECA) 2022” in the manufacturing category, a company release said.
This prestigious award was conferred by Raj Kumar Singh, Cabinet Minister of Power, New & Renewable Energy at an illustrious award ceremony held at Vigyan Bhawan, New Delhi on December 14, 2022.
Minimizing environmental footprint
TK Elevator has won this award for its commitment and outstanding performance in the arena of Energy Conservation and Management. As an industry leader and responsible company, TK Elevator prioritizes minimizing the environmental footprint of our operations and achieving ambitious carbon reduction targets through the substitution of non-renewable energy sources by cleaner and renewable energy. In India, TK Elevator is committed to achieving a Green House Gas (GHG) emission reduction target of 53 per cent by 2050 from the base year of 2018-2019.
Energy-saving initiatives
Some of the important energy saving initiatives undertaken by TK Elevator at its Multi-Purpose Facility in Chakan, Pune includes optimizing powder coating units, air conditioning systems as well as electrical transformers.
To further reduce its reliance on traditional energy sources, TK Elevator has also introduced electric-powered forklifts or scissor lifts. Other energy-saving initiatives introduced by TK Elevator in India to include the installation of motion sensors, LED lights and energy efficient machines such as punching, bending, and compressors with VFD.
A solar plant at its Multi-Purpose Facility (MPF) has the capacity of 850 kw. Moreover, TK Elevator has achieved considerable reduction in electrical specific energy consumption by 29 per cent and thermal specific energy consumption (PNG) by 43 per cent at its Pune MPF in FY21.
Past recognitions
Globally, TK Elevator has achieved several key milestones on its sustainability journey: For three years in a row, the company has received an “A” rating for climate protection in the world’s largest climate ranking from the rating organization CDP and topped the global Sustainalytics ESG ranking in the machinery industry in 2021. In May this year the company published its first Sustainability Report and announced its new emission reduction targets, which have been validated by the Science Based Targets initiative. Recently the company received Gold status in EcoVadis sustainability rating. This places TK Elevator in the top 5 per cent of all companies in EcoVadis’ current rating.
Also read: TK Elevator Modernizes Kolkata Metro With “Made In India” Tugela Escalators
Business sustainability
Commenting on the winning of the award, Manish Mehan, CEO & MD, TK Elevator (India), said: “As a major corporation and leading local manufacturer in India, TK Elevator understands the challenges brought by climate change and the importance of taking the lead to conduct business sustainably and responsibly. Our strategy prioritizes the adoption of clean energy in our operations and to reduce overall energy consumption, conferral of this prestigious award by the Ministry of Power, New & Renewable Energy is both confirmation and incentive for us to extend our commitment to sustainability even further.”
