Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed a 15 KW rooftop grid power plant as an expansion to the existing 70 KW solar power plant.
• Implemented VFDs (Variable Frequency Drives) for bucket elevators to reduce energy consumption.

Social Achievements

• Upgraded a government school in Gopalapuram Village.
• Established the “Diagnostics and Healthcare Centre” in Kovvur.
• Distributed student uniforms in Balda Village, Gujarat.
• Operates an Aquaculture Skill Development Centre in Visakhapatnam.

Governance Achievements

• Compliance with Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI).

Climate Goals & Targets

Environmental Challenges

• Volatile global economic situation and severe challenges by Aquaculture industry in India due to Global recession impacting Shrimp exports leading to fall in demand.
• Volatile farm gate prices of Shrimps and Climatic changes resulted in postponement of commencing the culture and reduced area by the farms.
• High inflation affecting EU nations, and COVID-related difficulties in China.
• 8% decline in Shrimp feed sales volume during FY23 compared to the previous year.
• Fluctuating raw material costs, dependence on climatic conditions and international developments on Shrimp prices.

Mitigation Strategies

• Accelerated the establishment of a new shrimp feed manufacturing plant with an installed capacity of 1,75,000 MT per annum, along with expanding our shrimp processing capacity.
• Implementing energy-efficient technologies and equipment to optimize electricity usage.
• Implementing responsible sourcing practices by identifying and partnering with suppliers who prioritize sustainability and ethical sourcing.
• Implementing effective selling practices to increase market share and revenue growth.
• Implementing energy management practices such as equipment optimization and maintenance, reducing waste, and using renewable energy sources.

Supply Chain Management

Responsible Procurement

• Sources both domestically and from internationally recognized certified suppliers, including IFFO RS, MSC, FIP, RTRS, and ProTerra.

Climate-Related Risks & Opportunities

Physical Risks

• Floods, cyclones, and other natural disasters

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015, BAP, HACCP

Third-party Assurance: J. Sundharesan & Associates (limited assurance on certain sustainability indicators)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Community Development
• Environmental Stewardship
• Employee Well-being

Environmental Achievements

• Installed a 15 KW rooftop grid power plant, expanding the existing 256.34 KW solar power plant.
• Implemented VFDs (Variable Frequency Drives) for bucket elevators to reduce energy consumption.
• Implemented water recirculation systems

Social Achievements

• Established AU-Avanti Aquaculture Skill Development Centre, providing training to farmers and youth.
• Launched Avanti Healthcare & Diagnostics Centre in Kovvur, serving rural communities.
• Conducted free medical camps, blood donation drives, and eye camps.
• Supported construction of community projects and flood/cyclone shelters.
• Conducted 350+ training programs benefiting over 10,000+ farmers and community members on responsible practices.

Governance Achievements

• Secured certifications from various bodies and agencies for sustainable practices (e.g., BAP, ISO).

Climate Goals & Targets

Environmental Challenges

• Volatile global market conditions.
• Fluctuating raw material costs (fish meal, soybean meal, wheat flour).
• Challenges in shrimp exports (lower market prices, increased production costs, competition).
• Climate-related risks (floods, cyclones, disease outbreaks).
• High inflation rates in developed economies impacting consumer purchasing power.
• Increased production and export from Ecuador at a lesser cost.
• Issues of supply chain management and rising costs of logistics.
• Sluggish demand from the Chinese market.
• Dependence on imported Specific Pathogen-Free (SPF) Vannamei brood stock.

Mitigation Strategies

• Strategic focus on cost management.
• Leveraging government incentives (PLI, Operation Green).
• Expanding reach and impact (new shrimp processing plant).
• Diversification and focus on domestic market opportunities.
• Implementing strict traceability systems and scientific pond management practices.
• Effective forex management strategies.
• Continued investment in research and development.
• Exploring new export markets.
• Product innovations, new distribution channels, e-commerce, and supply chain optimization.

Supply Chain Management

Responsible Procurement

• Sourcing from internationally recognized certified suppliers (IFFO RS, MSC, FIP, RTRS, ProTerra).
• Integrating social, ethical, and environmental considerations into supply chain decisions.

Climate-Related Risks & Opportunities

Physical Risks

• Floods
• Cyclones
• Disease outbreaks

Transition Risks

• Fluctuating raw material costs
• Market volatility
• High inflation in importing nations
• Restrictions due to pandemics
• Geopolitical conflicts
• Increasing ocean freights

Opportunities

• Growing awareness of health benefits of seafood.
• Rising purchasing power of the middle class.
• Government support for aquaculture growth (PMMSY).

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015, BAP, HACCP, HALAL

Third-party Assurance: J Sundharesan & Associates (Limited Assurance)