Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed 110 kWh of rooftop solar project at its Dadra property
• Commissioned installation of 1.0 MW of Solar Rooftop at Silvassa units
• Continued rainwater harvesting at all units in west India
• Continued efforts to save energy through various initiatives (LED lamps, transparent sheets)
• Newly built expanded capacity at Silvassa consists of lithium Ion MHE (warehouse truck & forklifts)

Social Achievements

• Various initiatives during Covid-19 outbreak for well-being of the employees
• Continued investment in Human Resource and Talent acquisition

Governance Achievements

• Formal evaluation of Board’s performance and that of its Committees and individual directors
• Independent Directors evaluated the performance of the Non-Independent Directors, the Chairman and Board as a whole

Climate Goals & Targets

Environmental Challenges

• Retrospective reduction on govt incentives, interest subvention
• Coal and fuel costs impact
• Raw material prices, supply chain disruptions
• Russia-Ukraine conflict accelerating cost pressures
• Operating in a highly competitive and fragmented industry
• Susceptibility to volatility in raw material prices, fluctuation in foreign exchange, obsolescence due to change in trends

Mitigation Strategies

• Robust planning and strategy to protect Company’s interests despite volatility in Commodity prices
• Appropriate hedging activities to manage foreign exchange risk
• Expansion at Silvassa factory to increase capacity
• Expansion for Top of Bed / Blankets segment
• Expansion at Handloom Home Textiles division

Supply Chain Management

Supplier Audits: 100% through internal / external audits and social audits conducted by Customers / Vendors

Responsible Procurement

• Increasingly works with vendors who have integrated facility for effluent treatment or subscribe to a common treatment/ discharge facility
• Works with small producers based on their quality, operational efficiency and design capability

Climate-Related Risks & Opportunities

Opportunities

• Scope to increase reliability on renewal energy

Awards & Recognition

• Best Global Business Category (Mid-Corporates) in India – 2021 by Dun and Bradstreet’s Business Excellence Awards 2021
• Leading Mid-Corporates in India - 2020 by Dun and Bradstreet
• Dun & Bradstreet - RBL Bank SME Business Excellence Awards 2019

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed Rooftop Solar of 2.1 MW at Silvassa location for captive consumption contributing up to 35% of existing electricity units consumed.
• Finished goods warehouses are operated by fully Electric lithium-ion fleet of forklifts/reach trucks.

Social Achievements

• Employee engagements and training for providing new growth opportunities.
• Knowledge sharing sessions on labour laws.
• Physical and Mental Wellness sessions conducted on regular basis.
• Grievances redressal system where employees are encouraged to share their concerns.

Governance Achievements

• The Board of Directors of the Company has empowered the Senior Management at each location to ensure the compliance with the principles and to review it periodically and strive to improve the current standards.

Climate Goals & Targets

Environmental Challenges

• Geo Politics Risk: Tension between key trading partners could lead to tariff and trade restrictions. Geopolitical instability in trade routes could result in supply chain disruption, higher cost and delays.
• Climate Change Risk: Climate change adversely impacts the growth and production of yarn.
• Water Management Risk: Water is mainly required for processing the textiles consumes.
• Regulatory changes: Any regulatory changes can change the way company operates.
• Health and Safety risk: Manufacturing operations carry an inherent risk of injury.
• Employee/ Worker engagement: Any strike/dispute can disturb functioning of the organisation.

Mitigation Strategies

• Sources 99% of its Raw material from the domestic market to avoid supply chain disruptions.
• Invested significantly across all locations over last three years and added capacity in legacy products and build new product lines to grab the opportunity of Chine plus one sentiment.
• Adequate system to regularly monitor stock of the raw material including keeping alternative supply sources, offering products with different type of yarn such as Suprima, recycled, etc.
• Aims to increase use of sustainable inputs and procedure to fight climate change.
• Plant wise plan/actions implemented for alternate sources of water like borewell, ground water, effluent treatment plant, water re-use, rainwater harvesting, tanker water supply and achieving water neutrality.
• Continues to monitor all emerging regulations, incidents, developments and map it for compliance.
• Regular training and discussion with employees is conducted to keep them updated about regulatory changes.
• Data mapping and records are kept in an organised manner.
• Training of workers and employees for operating machines, procedure, SOP etc.
• Compliance with all applicable health and safety legislations and relevant standards.
• Keep upgrading the health and safety standards.
• Employee engagements and training for providing new growth opportunities.
• Knowledge sharing sessions on labour laws.
• Physical and Mental Wellness sessions conducted on regular basis.
• Grievances redressal system where employees are encouraged to share their concerns with their Reporting Manager or the members of the senior management.
• Policy on Prevention of Sexual Harassment at Workplace for prevention, prohibition and redressal of sexual harassment at workplace has been formulated and Internal Complaints Committee has also been set up to redress any such complaints received.

Supply Chain Management

Supplier Audits: 100% of Major value chain partner

Responsible Procurement

• Ethical business practice; discourages child labour, force labour for sustainable sourcing; works with communities residing in the surrounding area of the factory and small producers based on quality, operational efficiency and design capability of the vendors.

Climate-Related Risks & Opportunities

Opportunities

• Expanding use of CNG, Solar Energy, Electrical Vehicles and other renewable energy source