Crown Lifters Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-03 to 2024-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Governance Achievements
- Established a Vigil Mechanism/Whistle Blower Policy
- Framed a Business Conduct Policy
Climate Goals & Targets
Environmental Challenges
- Economic uncertainty and volatility in material costs
- Dependency on other sectors
- Inconsistent demand due to market fluctuations
- Increased competition from new players
- Government policy changes and budgetary allocation
- Weak currency pressure on margins
- Environmental regulations to protect air quality
- Increasing demand for rental construction equipment
- Unforeseen business losses
Mitigation Strategies
- Regular monitoring and corrective actions
- Measures to safeguard assets and interests
- Adequate internal control systems
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023-03 to 2024-03
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environment, Health and Safety
- Corporate Social Responsibility
Environmental Achievements
- LED Lights in office in place of CFL in offices
- Encouraging Go Green Initiatives
- Use of Natural Ventilation
- Switch off electrical appliances, whenever not required
Social Achievements
- Not disclosed
Governance Achievements
- Framed Vigil Mechanism/ Whistle Blower Policy
- Framed Business Conduct Policy
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Slowdown in the economy may hurt the infrastructure and manufacturing sectors which in turn can cause a slowdown in the Company’s growth
- Inadequate construction project management, project risks might result in financial and legal difficulties, as well as disproportionate availability of workforce
- Banks play the most vital role in financing the projects, however, due to reasons like restricted balance sheet, absence of willingness to lend to infrastructure sectors and drastically increasing non-performing assets may lead to decrease in funding projects
- The risk of raw material price volatility translating into margin pressure due to a sharp rise in raw material prices, increase the cost of goods sold and affect the profitability of the industry
- Environmental issues and strict laws may hinder the strong growth of the Company
- Fluctuations in the demand of construction equipment’s can affect the Company’s operations
- Emergence of new foreign and domestic companies can cause the Company to face stiff competition
- Current war situation around the world may drastically affect the business of the company
Mitigation Strategies
- Your company is mainly focusing on manpower and the intelligence
- Your company recognizes that every business has its inherent risks and the company has been taking proactive approach to identify and mitigate them on a continuous basis
- The company has taken necessary measures to safe guard its assets and interest etc.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed