FSN E-Commerce Ventures Limited
Climate Impact & Sustainability Data (2021-22)
Reporting Period: 2021-22
Environmental Metrics
ESG Focus Areas
- Health and Safety
- Sustainability
- Environmental Practices
- Employee Well-being
- Community Development
- Diversity and Inclusion
Environmental Achievements
- Reduced air shipments by shifting from national to regional fulfillment centers
- Transitioning from plastic packaging to eco-friendly alternatives
- Recycling 100% of recyclable waste materials
- More than 70% of packaging material sourced from eco-friendly products
Social Achievements
- Initiated vaccination drives for employees
- Provided counselling support for employees and their families
- Maintained zero tolerance towards workplace sexual harassment
- Contributed to Give India Foundation for COVID-19 relief
- Supported Slum Soccer's Edukick program
- Supported Dehaat Foundation for women's livelihood
- Procured products from over 350 MSMEs
Governance Achievements
- Established a robust internal control framework
- Implemented a Vigil Mechanism/Whistle-blower policy
- Adopted a Code of Conduct for Board and Senior Management
- Complied with all mandatory requirements of SEBI Listing Regulations
- Conducted annual performance evaluation of the Board and Committees
Climate Goals & Targets
Environmental Challenges
- High inflation and subdued discretionary spending
- Supply chain disruptions due to global events
- Evolving customer preferences and purchasing behavior
- Competitive retail landscape
- Attracting and retaining talent in a competitive market
Mitigation Strategies
- Omnichannel distribution, digital marketing, technology, and logistics investments
- Regional fulfillment strategy and higher sourcing to mitigate supply chain instability
- Expansion of lifestyle portfolio into new categories and brands
- Investments in various selling models (digital and physical stores)
- Investments in people and talent acquisition and retention programs
Supply Chain Management
Responsible Procurement
- Code of Ethical Purchasing
- Anti-bribery measures
- Compliance with laws and regulations
- Sourcing from over 350 MSMEs
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Nykaa Naturals Hair Care
- Nykaa Wanderlust Bath & Body
- Nykaa Cosmetics All Day Matte Foundation