Ice Make Refrigeration Limited
Climate Impact & Sustainability Data (2023-04 to 2024-03)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
ESG Focus Areas
- Sustainability
Environmental Achievements
- iMGreen Plant with a 50 kW PV Module Solar System, reducing monthly electricity consumption by up to 30%
- ISO 14001 certification across global operations
Social Achievements
- Annual blood donation camps and tree plantation drives
- Supporting local schools through sponsorships and providing children’s clothing
Governance Achievements
- Established a Vigil Mechanism/Whistle Blower Policy
Climate Goals & Targets
Long-term Goals:
- Exceed long-term revenue target of 1,500 Crores
Medium-term Goals:
- Achieve revenue of 1,000 Crores by 2027-28
Short-term Goals:
- Surpass turnover target of 500 Crores in 2024-25
Environmental Challenges
- Economic Risk: Changes in the global business landscape
- Supply Chain disruptions
- Quality Control Issues
- Currency Exchange Risk
- Cybersecurity Risk
- Competition
- Technological Redundancy
Mitigation Strategies
- Closely monitoring global economic trends, robust legal compliance, strategic partnerships, adapting to competitive dynamics
- Multiple suppliers, contingency plans for alternative sourcing, regular assessments of supplier reliability, optimized inventory levels
- Rigorous quality control processes, regular inspections and audits, advanced manufacturing technologies, staff training
- Hedging through financial instruments, diversifying customer base, pricing contracts in local currencies, monitoring exchange rate fluctuations
- Robust cybersecurity measures, security audits, employee training, encryption and access controls, backups, intrusion detection systems
- Product innovation and differentiation, operational efficiency, competitive pricing, superior service, monitoring market trends
- Ongoing research and development, updating product offerings, partnerships with technology providers, market research, employee training
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Solar cold room
Awards & Recognition
- Indian Leadership Award for Industrial Development (2011)
- Skoch Order of Merit (2014)
- Skoch Achiever Award (2014)
- Best Medium Enterprise (Manufacturing) Award (2014)
- FGI Awards for Excellence (2021)