Climate Change Data

Environmental Metrics

Social Achievements

• The labor-management relations remained cordial.

Governance Achievements

• There has been no material departure from the best practices of corporate governance, as detailed in the listing regulations.

Climate Goals & Targets

Environmental Challenges

• Depressed previous international economic conditions caused a decrease in profitability.
• Textile industry is facing continuous challenges in maintaining profitability due to decline in worldwide yarn demand and unstable cotton prices in domestic and international markets.

Mitigation Strategies

• We are closely monitoring the current market situation and taking all possible measures for smooth operations of the Company.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment, Health and Safety

Environmental Achievements

• Indus Wind Energy Limited has achieved COD and become fully functional, contributing to eco-friendly greener Pakistan and creating employment through CSR activities.

Social Achievements

• Not disclosed

Governance Achievements

• Board composition complies with the Code of Corporate Governance regulations, 2019.

Climate Goals & Targets

Environmental Challenges

• Unprecedented hike in input prices at the international level and continuous fluctuation in the exchange rate significantly increased the working capital requirements of the export industry.

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility
• Environment, Health and Safety

Social Achievements

• The management works towards empowering people by helping them develop the skills they need to succeed in a global economy. The company equips communities with information, technology and the capacity to achieve improved health, education and livelihood outcomes.

Governance Achievements

• The Company is committed to good corporate governance and compliance with best practices. The requirements of the Code of Corporate Governance set out by the Pakistan Stock Exchange in their Listing Regulations have been duly complied with.

Climate Goals & Targets

Environmental Challenges

• Pakistan's textile and garment exports have been experiencing numerous challenges during the last fiscal period. The global economic slowdown has adversely affected textile exports for major supplier countries, including Pakistan. Additionally, political unrest within the country has also disrupted economic activities.
• increase in commodity prices, power cost, minimum wage increases, markup rates, etc.

Mitigation Strategies

• better supply-chain management for raw materials and innovation in production processes

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Waste water treatment
• Conservation of natural resources
• Reduction in wastages
• Enhancement of recycling, improvement of energy efficiency
• Enhancement of environmental performance by reducing spills and releases

Social Achievements

• Not disclosed

Governance Achievements

• Restructured the Board and its committees, particularly aimed at enhancing governance and strategic oversight

Climate Goals & Targets

Environmental Challenges

• Rise in energy cost and finance costs
• Damage to Pakistan's cotton crop from ongoing monsoon rains
• Changes in the Finance Bill (removal of zero-rating facility on local supplies under the Export Facilitation Scheme (EFS), new duties on raw material imports, increased infrastructure taxes, and a shift of exports from a Final Tax regime to a Normal Tax regime)

Mitigation Strategies

• Investments in fixed assets (building BMR and the new rotor machine plant)
• Secured a preliminary agreement with the IMF for a USD 7 billion Extended Fund Facility (EFF)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility
• Diversity, Equity and Inclusion (DE&I)
• Sustainability Risks and Opportunities

Social Achievements

• The Company has voluntarily disclosed its CSR policy on its website.

Governance Achievements

• The Board has been made responsible to consider Sustainability Risks and Opportunities and make policies to promote diversity, equity and inclusion (DE&I) and make strategies, priorities and targets. Also board is required to periodically review and monitor and disclose the assessment of risks and disclose measures taken.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities