Laxmi Cotspin Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2022-23)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Enhanced godown capacity of raw material by constructing 18000 sq feet new godown in the company premises with NABARD support
- Installed pollution control equipment’s to reduce the carbon emission
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- High prices of raw material resulted to no parity in the export of cotton yarn
- Indian cotton prices were very high compared to US cotton, resulting in no parity in yarn exports and increased domestic competition
- Farmers held their cotton crop until June 2023, skyrocketing raw material prices
Mitigation Strategies
- Continuous efforts at cost reduction, process improvements, diversification of products and improving productivity by improving efficiencies, and searching PAN India customers and also export market for selling of yarn
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: ISO 9001: 2008, Global Organic Textile Standards (GOTS), Organic processing and Trading (Control Union), 4 Star rating (Textiles Committee), BCI (Better Cotton Initiative), OEKO-TEX
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- STAR EXPORT HOUSE (Ministry of Commerce, Government of India)
Reporting Period: 2022-23
Environmental Metrics
ESG Focus Areas
- Education
- Development, Renovation of Public Utilities & Infrastructure
- Healthcare
- Social Awareness including Rural Development
- Environmental Sustainability
- Promoting Sports
- Agricultural Development
- Skill Development
- Sanitation and Hygiene
Social Achievements
- Initiatives in education, agricultural development, skill development, sanitation and hygiene, social awareness and healthcare.