ESG Overview - Taurani Holdings

Taurani ESG Initiatives

Building a sustainable future for an empowered nation by addressing its social and environmental needs.
View Taurani’s Interactive Sustainability report

A Comprehensive
ESG Vision

Taurani is committed to delivering sustainable and responsible growth, which creates value for both our shareholders and all our stakeholders. We proactively engage to incorporate sustainability in all our practices.

Embracing the philosophy of `Zero Harm, Zero Waste, Zero Discharge’, our ESG Vision is supported by 3 pillars.

Social Initiatives

Our primary purpose is to provide employees with the resources and tools they require to thrive. We aim to adopt a management strategy that involves a comprehensive approach, which begins with the recruitment of the right candidates based on merit and competencies. Once hired, employees are provided with adequate training and development opportunities to ensure continuous growth. Additionally, higher management provides regular feedback, recognition, and support to employees, along with motivating them to perform at their best. We foster a culture of open communication and teamwork, which leads us to a motivated and engaged workforce that supports business objectives.In our companies, such as Al Khaleej Steel, KHK Scaffolding, UTP, and THL, we have suggestion and complaint boxes in place to engage employees and improve communication between management and employees

We regularly conduct anti-corruption policy training for all employees and sponsor educational programs for them, including PROs for Arabic language learning for our employees. All employees including board members sign-off the code of conduct declaration form. In Al Khaleej Steel we conduct awareness and training on reducing the usage of ink cartridges by saving records digitally. Also developing software for all reports to ensure that the use of ink can be reduced by 50%. On the other side, KHK Scaffolding conducts regular employee training which covers self-development, leadership development, safety awareness, and other related topics that help with career development. We engage in community development programs that address social, economic, and environmental issues.

These programs include initiatives such as providing internships for University Students and hiring from the local community, health and wellness, and disaster relief as we donated steel to the temple in India from Universal Tube & Plastic Industries, and sponsor employees that wish to pursue their education or give offer them time flexibility. Participating in such programs not only brings positive social impact but also helps to enhance our reputation, build relationships with stakeholders, and gain customer loyalty. Emiratization is a key priority for our company, we implemented various programs and initiatives to attract, develop and retain UAE national talents to achieve UAE Vision. We have provided internships from local colleges such as BITS Pilani and Manipal University. Students are also considered on a full-time employment basis after successful completion of the internship.

Environmental Initiatives - 3200KW Of Solar Energy Installed

Carbon Offset helps us reduce our carbon footprint; we are currently supporting initiatives that help mitigate the environmental impact of our operations. We recognize the importance of reducing carbon emissions, therefore Taurani Holdings adopted a carbon offset strategy that ensures reducing greenhouse gas emissions, by investing in renewable energy and carbon offsetting. We are committed to maintaining the environment and providing a crucial contribution to a sustainable future.

Taurani Holdings is an innovative and environmentally conscious company, we recognize the importance of implementing a circular economy in our operations. By reusing and recycling materials, the circular economy supports our approach to preventing waste. Taurani Holdings ensures the efficient use of resources by adopting sustainable practices such as renewable energy and closed-loop systems. We are working towards our contribution to Sustainability, Green steel, Circular economy, and ESG.

Circular economy initiatives like scrap and tire recycling play an essential role in promoting sustainable resource management and reducing waste by repurposing materials and extending their lifespan. The combined steel output from all manufacturing subsidiaries amounts to 7,509 tonnes, which is then utilized and harvested back to DUCAST to avoid waste, resulting in 126 tonnes of carbon emission reduction. Overall, we have significantly improved our sustainability approach, reduced costs, and created new business opportunities. We also sell scrap to vendors, and it is either processed or reused for other purposes.

Governance Initiatives

Our risk management governance refers to the general oversight and countability of risk management practices within our company. We involve creating a framework that sets out the roles and responsibilities of all stakeholders in managing risk. By establishing a risk management policy, identifying, and analyzing potential risks, developing strategies to manage potential risks, and monitoring and reviewing the effectiveness of those strategies. We were able to minimize potential losses, improve decision-making processes, and enhance overall business performance.

At Taurani Holdings, we are devoted to maintaining the highest standards of ethical conduct in everything we do. Our code of conduct serves as a guiding framework for all employees, by outlining the principles and values that we uphold as a company. This code of conduct covers a wide range of topics, including honesty, integrity, respect, and accountability. It also highlights our commitment to maintaining a safe and inclusive workplace, protecting the environment, and complying with all relevant laws and regulations.

All employees are required to familiarize themselves with this code of conduct and to conduct themselves in accordance with its principles at all times. The Code of Conduct is explained at onboarding/induction, and the policy is handed out with a signed declaration. As part of the induction procedure, all HR policies are also explained. Whereas training details are handled by different departments, including HR and HSE, depending on the type of training provided, a total of 262 employees have participated and have all received induction and training on policies and codes of conduct.

Sustainability Goals

The world needs everyone to join hands to address the biggest environmental and social issues of our time.

Climate Change

Water Positivity

Waste Management

Case Studies

Project 1

Daily ‘Visual Management’ Taurani Aluminium Dbai.

Project 2

Recycle – Waste to Wealth Hindustan Zinc – Dariba Smelting Complex

Project 3

Industrial Hygiene Programme Taurani Aluminium – Dubai

Our Sustainable Journey

We have invested our time and resources in introspecting our actions; we have achieved our targets and formulated ambitious new ones; we have adopted global best practices and taken innovative leaps; we have aligned our standards with industry benchmarks and charted some of our own. We have done all this and continue to do it with a singular agenda: ensuring long-term growth for all stakeholders.

2022 - 2023

2023 - 2024