Climate Change Data

Manoj Vaibhav Gems 'N' Jewellers Limited

Climate Impact & Sustainability Data (2020-03 to 2022-03)

Reporting Period: 2020-03 to 2022-03

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • COVID-19 pandemic impact on business and operations.
  • Potential litigation and legal proceedings.
  • Contingent liabilities.
  • Seasonal fluctuations in income.
  • Significant working capital requirements.
  • Related party transactions.
  • Risks associated with e-commerce business.
  • Potential negative publicity.
  • Challenges in adapting to changing consumer demands and market trends.
  • Risks associated with purchase advance schemes.
  • Geographic concentration of operations.
  • Potential for ineffective marketing programs.
  • Dependence on discretionary consumer spending.
  • Potential customer complaints.
  • Potential trademark infringement.
  • Lack of design registration under the Designs Act, 2000.
  • Potential insufficient insurance coverage.
  • Risks associated with reliance on industry reports.
  • Broad management discretion over Net Proceeds.
Mitigation Strategies
  • Availing financial assistance under Government Schemes (ECLGS) during COVID-19.
  • Shifting focus to online business model during COVID-19.
  • Implementing safety protocols against COVID-19.
  • Proactive engagement with customers.
  • Strengthening supply chain network.
  • Improving online business.
  • Reducing overhead expenses.
  • Implementing quality control procedures.
  • Accurately estimating customer demand and supply requirements.
  • Recycling inventory.
  • Complying with financing agreements.
  • Obtaining approvals for activities.
  • Managing inventory effectively.
  • Expanding product offerings and distribution channels.
  • Accurately anticipating seasonal fluctuations.
  • Raising additional capital as needed.
  • Maintaining various licenses and permits.
  • Protecting credit card and other personal information.
  • Implementing robust IT systems and controls.
  • Monitoring and managing risks associated with e-commerce.
  • Protecting trademarks from infringement.
  • Developing appealing product styles.
  • Addressing customer complaints effectively.
  • Maintaining adequate insurance coverage.

Supply Chain Management

Climate-Related Risks & Opportunities