Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Usage of LED fixtures and solar panels at factory premises for energy conservation.
• Zero Liquid Discharge denim unit.
• Recycling of waste textiles and caustic recovery plant.
• Efficient Effluent Treatment Plant for wastewater recycling.
• Rainwater harvesting.

Social Achievements

• Facilitating economic development, providing job opportunities, and building a harmonious society.
• Focus on employee well-being and a healthy work culture.

Governance Achievements

• Compliance with the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and other applicable laws.

Climate Goals & Targets

Environmental Challenges

• Surge in raw material prices.
• Stretched working capital requirements.
• COVID-19 pandemic impacting business operations, labor supply, raw material availability, working capital, and demand.

Mitigation Strategies

• Implementing key initiatives across various functions to address market challenges and leverage opportunities.
• Maintaining adequate surplus liquidity and prudence in managing credit and operational risks.
• Following all protocols and guidelines issued by ICMR-WHO to safeguard employees' health and safety.
• Restarting operations with partial capacity and adhering to safety norms.

Supply Chain Management

Responsible Procurement

• Encouraging suppliers and vendors to participate in BR initiatives.
• Requiring third-parties to abide by the Code of Conduct and Ethics.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NVG – SEERB

Awards & Recognition

• Dun & Bradstreet-Bank of Baroda ‘Supply Chain Finance Awards, 2019’

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed one of the largest zero liquid discharge denim units in India
• Energy optimisation and development of newer methods to meet the challenge of energy waste and resource depletion in textile wet processing
• Usage of LED fixtures and solar panels
• Reuse condensate recovery to process water and save energy
• Recycling of unwanted by-products and residual waste from textile processing
• Efficient Caustic Recovery Plant

Social Achievements

• Facilitates economic development by providing job opportunities
• Undertook measures to facilitate quality healthcare stimuli for workers (regular medical examinations, fire safety measures, first aid kits, favorable work shift rotation)
• Focus on ‘serving the country and benefiting the people’

Governance Achievements

• Best Brand Award by ‘Gujarat Brand Leadership Awards 2020’
• Mr. Vikram Oza, Director & CFO of the Company was selected and awarded as the Top 100 CFOs in March, 2021

Climate Goals & Targets

Environmental Challenges

• Declining demand (both exports and domestic), lower product prices
• Surged raw material prices
• Dislocation in the global supply chain
• COVID-19 pandemic and its lockdowns
• Regulatory uncertainties
• Heightened levels of inflation in various commodities and services

Mitigation Strategies

• Core focus on technology
• Reaching out to stakeholders
• Reliance on superior quality, extensive network, and repute
• Consolidating operations and regaining momentum
• Identifying and pursuing new opportunities and pandemic-driven textile demand patterns
• Availing credit limits sanctioned by bankers

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Best Brand Award by ‘Gujarat Brand Leadership Awards 2020’

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Initiated usage of sustainable fuels like biomass for steam generation, replacing coal and reducing GHG emissions.
• Increased the usage of energy from renewable resources (solar panels) to address scope 1 energy consumption.
• Installed a wastewater recovery facility.

Social Achievements

• Safety & skill up-gradation training was given to all employees.
• Zero incidents of product recall due to safety concerns.

Governance Achievements

• Implemented code of conduct, along with whistleblower and insider trading policies.

Climate Goals & Targets

Environmental Challenges

• Combating climate change
• Responsible consumption and production
• Clean water and sanitation
• Carbon emissions and energy management
• Water and wastewater management
• Waste management
• Responsible chemical management
• Employee wellbeing
• Human rights
• Product quality & safety
• Workplace health & safety
• Corporate governance

Mitigation Strategies

• Investing in new innovative technologies
• Using sustainable fuels like biomass
• Increasing renewable energy use (solar panels)
• Installing a wastewater recovery facility
• Implementing a robust Chemical Management System (CMS)
• Robust process control and Quality Assurance System
• Skilled and empowered safety team
• Regular safety training sessions and drills
• Comprehensive and robust system of internal controls

Supply Chain Management

Responsible Procurement

• Sustainable certified materials are procured on demand. Based on the consumer demands BCI, Organic, GRS certified material are procured.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Shift to sustainable fuels (biomass) for steam generation, replacing coal and significantly reducing greenhouse gas emissions.
• Increased use of solar panels for renewable energy.
• Installation of a wastewater recovery and Zero Liquid Discharge (ZLD) water treatment facility.
• Robust waste management system for recycling and reuse of process and post-industrial waste.

Social Achievements

• Safety & skill upgradation training for all employees.
• Implemented a robust Chemical Management System (CMS), resulting in certifications like ZDHC, OEKO-TEX, and GOTS.

Governance Achievements

• Comprehensive and robust system of internal controls ensuring precise reporting and adherence to regulatory laws and organizational policies.
• Implemented a code of conduct, along with whistleblower and insider trading policies.

Climate Goals & Targets

Environmental Challenges

• Combating climate change
• Promoting responsible consumption and production
• Ensuring access to clean water and sanitation
• Product Design and Innovation in a dynamic textile market
• Carbon Emissions and Energy Management
• Water and Wastewater Management
• Waste Management
• Responsible Chemical Management
• Employee Wellbeing
• Human Rights
• Product Quality & Safety
• Workplace Health & Safety
• Corporate Governance

Mitigation Strategies

• Investing in new innovative technologies across spinning, weaving and processing.
• Using sustainable fuels like biomass for generating steam.
• Increasing the usage of energy from renewable resources (solar panels).
• Installing a wastewater recovery facility.
• Recycling and re-using process waste as well as post industrial waste.
• Robust Chemical Management System (CMS) in place.
• Safety & skill upgradation training for all employees.
• Robust Process Control and Quality Assurance System with 100% inspection of goods before dispatch.
• Skilled and empowered safety team with regular training and monitoring.
• Comprehensive and robust system of internal controls.

Supply Chain Management

Responsible Procurement

• Sustainable sourcing of BCI, Organic, and GRS certified materials upon request

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: ZDHC, OEKOTEX, GOTS, GRS, OCS, RCS, Higg’s Index, BCI

UN Sustainable Development Goals

• Goal 12

Recycling ties into the 12th goal of the UN's SDGs.