Climate Change Data

CARTRADE TECH LIMITED

Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:543.44 tCO2e/year
Scope 1 Emissions:241.68 tCO2e/year
Scope 2 Emissions:301.76 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1642 GJ/year
Water Consumption:4570 KL/year
Waste Generated:33.59 tons/year
Carbon Intensity:0.00000035 Metric tonnes of CO2 equivalent / ₹ of turnover

ESG Focus Areas

  • Human Capital Development
  • Consumer satisfaction
  • Data privacy & Cybersecurity
  • Technology/ Digital adoption
  • Energy management
  • Circular Economy and promotion of reuse/ refurbishment
  • Community engagement

Environmental Achievements

  • Reduced per capita electricity consumption
  • Installed two EV charging stations at Vashi office
  • Zero e-waste scrappage during the reporting year

Social Achievements

  • 100% of employees covered by health insurance
  • 100% grievance redressal of all stakeholders
  • No complaints received on any human rights issue

Governance Achievements

  • Zero cases of fines / penalties / punishment from any regulatory/ enforcing agency in reporting year
  • Zero complaints on human rights related issues
  • Zero adverse orders from regulatory authorities for anti- competitive conduct

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Constant upskilling of the workforce is critical to build capabilities to navigate the evolving technological and business landscape.
  • Cyber-attacks and data breaches are becoming major risks due to increasing digitisation and large- scale use of technology and its integration across platforms.
  • Rapid technological change, changes in user and customer requirements and preferences, frequent introduction of new services and products embodying new technologies, including apps, and the emergence of new industry standards and practices that could render our existing websites, apps and technology obsolete.
  • Energy management has assumed paramount importance considering the concerns surrounding increasing carbon emissions and climate change.
Mitigation Strategies
  • Robust mechanism to identify and recruit talent with required skills; competitive compensation framework; Learning and Development (L&D) programme; transparent grievance redressal mechanism.
  • Robust cybersecurity and data management framework and controls; regular review of data and IT security policies and procedures; training and awareness sessions; Cyber Insurance Policy.
  • Heavy investment in technological capabilities; advanced and sophisticated technology platform; scalable and vertically integrated technology platforms.
  • Exploring initiatives like sensor-based lighting, green building certification, etc. to reduce consumption within our office spaces.

Supply Chain Management

Supplier Audits: 0%

Responsible Procurement
  • Sustainable sourcing policy

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

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:703.39 tCO2e/year
Scope 1 Emissions:242.07 tCO2e/year
Scope 2 Emissions:462.32 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:2338 GJ/year
Water Consumption:5387 kilolitres/year
Waste Generated:40.44 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Human Capital Development
  • Customer satisfaction
  • Data privacy & security
  • Technology/Digital adoption
  • Energy management
  • Circular Economy and promotion of reuse/refurbishment
  • Community engagement

Environmental Achievements

  • Reduced electricity consumption from 1617 to 1625
  • Reduced water withdrawal from 4570 to 5387 kilolitres

Social Achievements

  • Launched DriveASmile CSR initiative, supporting mobility industry workers
  • Improved employee well-being measures, increasing cost by 8% to ₹1.07 crores

Governance Achievements

  • Integrated ESG risks into Enterprise Risk Management (ERM) framework
  • Zero cases of fines/penalties/punishment from regulatory agencies

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce electricity and fuel consumption

Environmental Challenges

  • High attrition rate of employees
  • Cyber-attacks and data breaches
  • Rapid technological change
  • Energy management and climate change regulations
  • Maintaining customer satisfaction
Mitigation Strategies
  • Robust talent acquisition and retention strategies (competitive compensation, L&D programs)
  • Robust cybersecurity and data management framework, cyber insurance
  • Heavy investment in technological capabilities, VAPT audits
  • Promoting energy saving awareness, improving energy efficiency
  • Customer-centric policies, practices, and strategies, regular feedback mechanisms

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable sourcing policy, expecting suppliers to adhere to social, business integrity, and environmental sustainability standards

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: National Guidelines on Responsible Business Conduct (NGRBC)

Certifications: Null

Third-party Assurance: Not Applicable for FY24

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed