Climate Change Data

Safari Industries (India) Limited

Climate Impact & Sustainability Data (2023-2024)

Reporting Period: 2023-2024

Environmental Metrics

Total Carbon Emissions:10,832 tCO2e/year
Scope 1 Emissions:35 tCO2e/year
Scope 2 Emissions:10,797 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:7.8%
Total Energy Consumption:56,134 GJ/year
Water Consumption:23,746 KL/year
Waste Generated:1,134.47 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Empowering People
  • Protecting Planet
  • Sustainable Products
  • Responsible Business

Environmental Achievements

  • Installed a 1MW solar rooftop photovoltaic (PV) system at Safari Manufacturing Limited (SML), contributing 7.8% renewable energy share and reducing 272 tCO2e GHG emissions.
  • Reduced energy consumption from 180 kWh to 132 kWh per day by modifying the water pump system.
  • Reduced annual electricity consumption by 22,176 kWh units by modifying a CNC machine.
  • 2,946 KL of recycled water was treated and reused in FY 2023-24.

Social Achievements

  • Substantial rise in female headcount, demonstrating dedication to gender diversity and inclusion.
  • Extensive training programs providing employees with numerous hours of professional development.
  • Implemented a comprehensive grievance redressal mechanism.

Governance Achievements

  • Integrated ESG governance into business strategy.
  • Established clear policies and assigned accountability to senior leadership for ESG prioritization.
  • Actively engaged with stakeholders, prioritizing transparency and effective risk management.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • 20% reduction in energy intensity by FY 2028 from baseline year FY2024
  • 25% renewable energy mix in total energy consumption across all manufacturing plants by FY2028
  • 25% reduction in GHG Scope 1+2 emission by FY2028 from baseline year FY2024
  • Achieve gender diversity with 10% women representation among permanent workforce by FY2027
  • Conduct internal or third-party audits of 50% of Tier-1 supplier for compliance with the supplier Code of Conduct by FY2028
Short-term Goals:
  • Achieve zero waste to landfill certification at 1 site by FY2026
  • Attain IGBC Green Building certification for SML-Jaipur Plant by FY2026
  • Conduct a Life Cycle Assessment (LCA) study for polypropylene hard luggage by FY2026
  • Conduct Human Rights Due Diligence (HRDD) for the SML plant by FY2026

Environmental Challenges

  • Challenges in retaining and attracting required talent.
  • Demand risks due to recessionary trends in the global economy.
  • Currency risk associated with imports.
  • Unfair competition.
Mitigation Strategies
  • Implemented ESOP and ESAR schemes to retain and attract talent.
  • Followed Enterprise Risk Management (ERM) framework to manage and mitigate risks.
  • Optimized supply chain for better responsiveness and cost.
  • Focused investments to make supply chain more robust.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable Sourcing Policy
  • Supplier Code of Conduct
  • CSD Audits

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Reducing GHG emissions, increasing renewable energy use, enhancing energy efficiency.

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • ‘No. 1 Luggage Brand in India’ (Euromonitor International Limited)