ZF Commercial Vehicle cuts emissions in FY 2025-26

2 min read     Updated on 03 Jul 2026, 03:19 AM
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Reviewed by
Jubin VScanX News Team
AI Summary

ZF Commercial Vehicle Control Systems India filed its Business Responsibility and Sustainability Report for FY 2025-26, reporting 100% green electricity usage and significant reductions in Scope 1 and 2 emissions. The company maintained a Zero Liquid Discharge approach and recovered over 99% of its waste. Safety performance was strong with zero fatalities, and CSR spending exceeded obligations.

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ZF Commercial Vehicle Control Systems India Limited filed its Business Responsibility and Sustainability Report (BRSR) and the Independent Limited Assurance Statement for the financial year ended March 31, 2026, with the stock exchanges on July 2, 2026. The filing, submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, forms part of the company's Integrated Annual Report for FY 2025-26. The report details the company's environmental, social, and governance (ESG) performance, highlighting its commitment to sustainability and carbon neutrality targets.

Environmental Performance and Decarbonisation

The company achieved 100% green electricity across its operations in FY 2025-26, with 80% sourced through renewable energy procurement and the remaining 20% through green energy certificates. This shift contributed to a significant reduction in greenhouse gas emissions. Total Scope 1 emissions decreased to 1,265.38 metric tonnes of CO2 equivalent from 1,763 metric tonnes in the previous year, while Scope 2 emissions fell to 4,435.97 metric tonnes from 5,891.92 metric tonnes. The company reported a 28% decrease in Scope 1 emissions and a 25% decrease in Scope 2 (location-based) emissions compared to the previous year.

The company's decarbonisation strategy targets climate neutrality by 2040, with an interim goal to reduce Scope 1 and Scope 2 CO2 emissions by 80% by 2030 against a 2019 baseline. Key initiatives included the installation of a 200 kWp rooftop solar system at the Lucknow facility and the commissioning of a 1,200 KL rainwater harvesting pond at the Jamshedpur facility, which meets approximately 40% of the plant's annual water requirement.

Resource Management and Waste

ZF Commercial Vehicle Control Systems India maintained a Zero Liquid Discharge (ZLD) approach across its plants, ensuring no untreated water is discharged. Total water consumption for FY 2025-26 was 1,01,266 kilolitres, with a water intensity of 24.9 per rupee of turnover. The company implemented 51 energy-efficiency projects during the year, delivering annual savings of approximately 2,617 MWh.

In terms of waste management, the company generated a total of 5,446.73 metric tonnes of waste. Of this, 5,432.88 metric tonnes were recovered through recycling, reusing, or other recovery operations, aligning with its zero waste to landfill strategy. Hazardous waste disposal was managed safely through authorised agencies.

Social Impact and Governance

The company reported strong safety performance with zero fatalities and zero Lost Time Injury Frequency Rate (LTIFR) for employees. Worker LTIFR improved from 0.64 to 0.28. Total CSR spending for the year was INR 1,038.20 Lakhs against an obligation of INR 1,025.43 Lakhs, benefiting over 3 Lakh people across 16 states.

The BRSR report received limited assurance from SGS India Private Limited, confirming the accuracy and reliability of the core ESG indicators, including greenhouse gas footprint, water footprint, and energy footprint. The assurance engagement was conducted in accordance with International Standard on Assurance Engagements (ISAE) 3000 (Revised) and ISAE 3410.

Historical Stock Returns for ZF Commercial

1 Day5 Days1 Month6 Months1 Year5 Years
-0.69%-7.63%+1.46%-3.60%+10.01%+105.63%

How will the company sustain the 80% renewable energy procurement strategy amidst potential future volatility in energy prices or grid availability?

What specific technological investments are planned to bridge the gap between the current 25-28% emission reductions and the 80% reduction target required by 2030?

With the majority of waste already being recovered, what are the next steps in the circular economy strategy to further reduce the total waste generated?

ZF Commercial Vehicle Control Systems India Ltd accepts CFO resignation

1 min read     Updated on 01 Jul 2026, 01:54 AM
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Anirudha BScanX News Team
AI Summary

ZF Commercial Vehicle Control Systems India Ltd has accepted the resignation of Ms. Sweta Agarwal from the position of Chief Financial Officer, effective June 30, 2026. The Board accepted the resignation on May 13, 2026, allowing her to serve her notice period. The company informed the exchanges in compliance with Regulation 30 of the SEBI Listing Regulations.

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ZF Commercial Vehicle Control Systems India Ltd has accepted the resignation of Ms. Sweta Agarwal from the position of Chief Financial Officer (CFO). The resignation is effective from the close of business hours on June 30, 2026. The Board of Directors had previously accepted the resignation on May 13, 2026, allowing Agarwal to serve the stipulated notice period under her employment terms.

The company informed the stock exchanges regarding the change in Key Managerial Personnel in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in accordance with the provisions of Schedule III of the regulations and the relevant Master Circular issued by the Securities and Exchange Board of India (SEBI).

In her resignation letter, Agarwal stated that her decision to step down was professional in nature. She affirmed that during her tenure, she endeavoured to discharge her duties with integrity, adhering to applicable laws, accounting standards, and fiduciary obligations attached to her role as a KMP of a listed entity.

The following table details the cessation information as per the regulatory requirements:

Particulars Remarks
Reason for change Resignation from the position of Chief Financial Officer of the Company by Ms. Sweta Agarwal.
Date of cessation June 30, 2026 (closure of business hours)
Brief Profile Not applicable
Disclosure of relationship Not applicable

The resignation has been recorded by the company's Compliance Officer, C V Kavviya. ZF Commercial Vehicle Control Systems India Limited, formerly known as WABCO INDIA Limited, is headquartered in Chennai and listed on the BSE and NSE with the trading symbol ZFCVINDIA.

Historical Stock Returns for ZF Commercial

1 Day5 Days1 Month6 Months1 Year5 Years
-0.69%-7.63%+1.46%-3.60%+10.01%+105.63%

Who will be appointed as the new CFO to replace Ms. Sweta Agarwal, and what is the timeline for this transition?

How will the company ensure financial stability and strategic continuity during the leadership transition period?

What impact might this change in key managerial personnel have on ZF Commercial Vehicle Control Systems India's financial performance and investor confidence?

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