Metro Brands Limited
Climate Impact & Sustainability Data (2023-24)
Reporting Period: 2023-24
Environmental Metrics
Scope 1 Emissions:448.45 tCO2e
Scope 2 Emissions:19,512.91 tCO2e
Scope 3 Emissions:7,636.88 tCO2e
Total Energy Consumption:254,467 units (renewable)
Waste Generated:~1,940 tonnes (old footwear processed)
ESG Focus Areas
- Circular Economy
- Community Development
- Employee Well-being
- Supply Chain Sustainability
Environmental Achievements
- Recycled the equivalent of ~50% of the shoes sold, with a target to recycle one pair for every pair sold within two years
- Installed solar power systems at both warehouses, generating 254,467 units of renewable energy
Social Achievements
- Supported 228 trainees under the National Apprenticeship Promotion Scheme
- Created awareness and educated the cobbler community, enrolling 7,888 beneficiaries in government schemes
- Donated ~3,500 pairs of shoes to underprivileged children
- Supported healthcare initiatives, screening 1,400 individuals for hypertension, diabetes, and oral cancer
Governance Achievements
- Implemented a robust internal control system
- Established a Whistle Blower Policy and vigil mechanism
Climate Goals & Targets
Medium-term Goals:
- Open 225 stores over the next two years
Short-term Goals:
- Recycle one pair of shoes for every pair sold within two years
Environmental Challenges
- Implementation of BIS regulations for footwear
- Competition risk from unorganized retailers and established brands
- Third-party manufacturing risks
- Vendor concentration risk
- Margin risk in online business
- Rapidly evolving trends
- Potential challenges from future third-party brand acquisitions
Mitigation Strategies
- Front-loaded inventory purchases to avoid supply chain disruptions due to BIS
- Enhanced multi-channel platforms and expanded presence on marketplaces
- Efficient outsourcing arrangements and quality inspection at warehouses
- Cultivated enduring relationships with 250+ vendors nationwide
- Strategic reduction of discounts and improved operational efficiencies in online business
- Agile adaptation to changing consumer preferences and digital marketing
- Thorough assessment of customer journey and in-store experience before introducing new brands
Supply Chain Management
Supplier Audits: 44.91% by business value and 44.19% by count
Responsible Procurement
- Collaboration with 250+ vendors
- ESG-based training and support for data collection
Climate-Related Risks & Opportunities
Awards & Recognition
- EY Entrepreneur of the Year Award
- India Retail Champions Award
- 23rd Images Fashion Awards
- Mapic India Retail Awards
- ET Great India Retail Award
- Images Retail Awards
- Economic Times Awards
- Dun & Bradstreet ESG Award