Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Not disclosed

Environmental Achievements

• Manufacturing of eco-friendly bio-fuels (briquettes and pellets) as substitutes for traditional fossil fuels.
• Utilization of agricultural and household waste as raw materials.

Social Achievements

• Creation of employment opportunities in rural areas through collection centers and collaborations with Gram Panchayats.
• Cordial relationship between management and labor; no unions or strikes since inception.

Governance Achievements

• Constitution of Audit Committee, Stakeholder Relationship Committee, and Nomination and Remuneration Committee in compliance with corporate governance norms.

Climate Goals & Targets

Environmental Challenges

• Resistance to change from existing users of conventional fossil fuels.
• Limited operating history and scalability.
• Geographical concentration of sales in Gujarat.
• Absence of entry barriers leading to increased competition.
• Varying calorific value of bio-fuel output due to manual raw material mixing.
• Dependence on third-party transportation providers.
• Unsecured loans repayable on demand.
• Negative publicity risks.
• Non-compliance with certain statutory provisions in the past.
• Negative cash flow in the past 3 years.
• Significant working capital requirements.
• Potential for cost and time overruns in expansion plans.
• Inadequate insurance coverage for certain risks.
• Dependence on leasehold land for manufacturing facility.
• Potential for raw material supply disruptions.
• Business conducted on purchase order basis with no long-term contracts.

Mitigation Strategies

• Development of a unique business model that has proven successful and scalable.
• Locational advantage for easy access to raw materials.
• Implementation of efficient procurement policies for cost-effective production.
• Focus on customer satisfaction and building long-term relationships.
• Investment in state-of-the-art infrastructure and technology.
• Government support in the form of tax holidays, VAT exemptions, and interest rate subventions.
• Aggressive marketing strategies.
• Leveraging the experience of promoters in agriculture and technology.
• Appointment of a whole-time company secretary to ensure timely compliance.
• Implementation of security measures to prevent fraud and theft.
• Succession planning to retain key managerial personnel.
• Internal accruals and debt financing to meet capital requirements.
• Disciplined debtor management and strong management control policies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Appointment of authorized collection agents for procuring agro-waste.
• Collaborations with Gram Panchayats for procuring solid waste.

Climate-Related Risks & Opportunities

Physical Risks

• Cyclone, heavy rainfall, and other natural incidents that may damage waste collection.

Transition Risks

• Decline in fossil fuel prices affecting bio-fuel demand.

Opportunities

• Growing global demand for alternative renewable energy sources.

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2008

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Bio-briquettes and bio-pellets.

Awards & Recognition

• Not disclosed