FCS Software Solutions Limited
Climate Impact & Sustainability Data (2008-09 to 2014, 2015-04 to 2016-03, 2018-2019, 2022, 2022-04 to 2023-03)
Reporting Period: 2008-09 to 2014
Environmental Metrics
ESG Focus Areas
- Education
- Healthcare
- Community Development
- Sports
- Human Rights
Social Achievements
- Launched "The Rural Reach Program" providing basic computer knowledge to rural school students.
- Implemented "Sports for Hope" program promoting sports and moral values.
- Conducted Health Awareness Programs.
- Implemented Human Rights programs.
- Adopted and renovated Lady Noyce Senior Secondary School for the Deaf.
- Partnered with Punjab Govt. to provide free education in rural areas under the Adarsh School scheme.
- Established Lord Buddha Educational Society running a non-profit hospital.
Governance Achievements
- Established a CSR Committee to oversee CSR activities.
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2015-04 to 2016-03
Environmental Metrics
ESG Focus Areas
- Diversity
- Corporate Governance
- Corporate Social Responsibility
Social Achievements
- Expanded commitment to diversity on the Board, with increased female representation.
Governance Achievements
- Continuous work for growth in shareholder value through effective corporate governance.
- Established a whistle-blower policy and mechanism for reporting concerns.
- Adopted a policy on prevention, prohibition, and redressal of sexual harassment at the workplace.
Climate Goals & Targets
Environmental Challenges
- Hard times for the company due to adverse economic conditions.
- Global financial uncertainty, tighter regulation, protectionist tendencies in some markets.
- Budget constraints for IT investments, focus on regulatory compliance.
- Volatility in currency exchange movements.
- Increasing salary costs and escalating operational expenses.
Mitigation Strategies
- Focus on company strengths.
- Continuous investment in broadening offerings (consulting, IT services, business process management).
- Continuous recalibration of strategy and operational plans to minimize the impact of threats.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2018-2019
Environmental Metrics
ESG Focus Areas
- Education
- Healthcare
- Community Development
Social Achievements
- Running RIMS Hospital in Raipur since 2008 for the welfare of poor and backward people.
Governance Achievements
- Established a CSR Committee in compliance with Section 135 of the Companies Act, 2013.
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Geopolitical risks due to the Russia-Ukraine war, leading to higher trading costs and sanctions.
- Resurgence of COVID-19 variants impacting recovery, demand, and investment.
- Forex rate fluctuations due to geopolitical tensions and global market volatility.
- Increased competition in the IT services sector.
Mitigation Strategies
- Strengthening energy conservation efforts and using energy-efficient technologies.
- Continuous process of identifying and replacing low-efficiency machinery.
- Progressive Research and Development process to improve service quality.
- Technology upgradation and reinvention of business models.
- Leveraging longstanding client relationships and financial strength.