Sangam (India) Limited
Climate Impact & Sustainability Data (2022-23, 2023-24)
Reporting Period: 2022-23
Environmental Metrics
Total Carbon Emissions:2,47,328.79 tCO2e/year (Scope 1) and 2,12,126.10 tCO2e/year (Scope 2)
Scope 1 Emissions:2,47,328.79 tCO2e/year
Scope 2 Emissions:2,12,126.10 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:20%
Total Energy Consumption:33,72,394.56 GJ/year
Water Consumption:13,82,009 kl/year
Waste Generated:34,256.26 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental conservation
- Social welfare
- Good governance
Environmental Achievements
- Reduced carbon footprint by 20% annually through the use of solar power plants (13 MW) and a wind energy facility (5 MW).
Social Achievements
- Construction of schools and hospitals.
- Establishment of Sangam University, Institute of Technology and Management, and Sangam School of Excellence.
- Establishment of Smt. Kesar Bai Soni Memorial Hospital & Research Centre.
- Creation of textile training centers providing training and employment assistance to approximately 500 workers.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Fluctuating demand for textile and apparel products.
- Unfavorable natural conditions affecting raw material availability and quality.
- Stringent environmental regulations.
- Fragmented and unorganized textile sector in India.
Mitigation Strategies
- Implementing rigorous procedures and practices to ensure responsible and sustainable manufacturing processes.
- Adoption of the ‘reduce, reuse, and recycle’ principles.
- Use of recycled or organic raw materials and sustainable chemicals, dyes, and other resources.
- Exploring and incorporating alternative energy solutions.
- Robust risk management framework.
Supply Chain Management
Supplier Audits: Continuous basis
Responsible Procurement
- Sustainable sourcing procedures are in place, with 55% of inputs sourced sustainably.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: ISO 9001:2015, OEKO-TEX, ISO 45001:2018, SA 8000:2014
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Eco-design and environmental-friendly products
Awards & Recognition
- TEXPROCIL Export Award 2016-17
- Best Productivity award for Sangam Spinners (2002)
- Rajasthan State Award for Export Excellence (2008)
- Rajasthan Energy Conservation Award (2009-10)
- India’s ‘Power Brand Rising Star’ (ICMR and Planman Consultancy)
- ‘Rising Entrepreneur of the Year Award’ (Planman Consultancy)
- Gold Trophy for Export Performance to Sangam Denim (2014-15)
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:2,29,998.90 tCO2e/year (Scope 1) + 2,16,110.89 tCO2e/year (Scope 2)
Scope 1 Emissions:2,29,998.90 tCO2e/year
Scope 2 Emissions:2,16,110.89 tCO2e/year
Water Consumption:4,83,830 m3/year
Waste Generated:14,400 tons/year
ESG Focus Areas
- Renewable energy
- Employee development
- Community engagement
- Water and waste management
- Recycling
- Resource efficiency
- Community empowerment
- Human rights
- Labor rights
Environmental Achievements
- Operation of three solar power plants generating 16 MW of power
- Operation of a 5 MW wind energy facility
- Recycling 30,000 MT of fibre annually from 38,400 MT of plastic waste
- Processing 12,500 MT of cotton and other waste each year
Social Achievements
- Established educational institutes
- Established a NABH-certified hospital
- CSR spend of ₹2.28 crore impacting 2 lakh+ lives and educating 250+ students
Governance Achievements
- 11% Board gender diversity
- Robust risk management framework
- Implementation of a vigil mechanism/Whistle Blower Policy
Climate Goals & Targets
Short-term Goals:
- Revenue target of ₹4,000 crore by 2025-26, with EBITDA margins reaching 12.5%
Environmental Challenges
- Reduced demand for textiles
- Global market fluctuations
- High material prices
- Decline in export demand
- Geopolitical uncertainties
- Inflationary pressures
- Competition from low-cost producers
- Lack of product diversification
Mitigation Strategies
- Strategic measures to enhance profitability and operational efficiency
- Substantial capital expenditure to drive growth and expand capabilities
- Focus on value-added products
- Expanding market presence domestically and internationally
- Robust risk management framework
- Implementation of a vigil mechanism/Whistle Blower Policy
- Investment in cutting-edge technologies
Supply Chain Management
Supplier Audits: Continuous basis
Responsible Procurement
- Sustainable sourcing procedures
Climate-Related Risks & Opportunities
Awards & Recognition
- TEXPROCIL Export Award 2016-17 - Gold Plaque
- Best Productivity Award for Sangam Spinners (Dyed Yarn) in 2002
- Rajasthan State Award for Export Excellence in 2008
- Rajasthan Energy Conservation Award for 2009-10
- Gold Trophy for Export Performance to Sangam Denim in 2014-15
- 4-star export house status
- TEXPROCIL Export Award 2022-23 Gold Trophy
- India’s ‘Power Brand Rising Star’ status
- ‘Rising Entrepreneur of the Year Award’