Axita Cotton Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Energy Consumption:17,47,214 + 757,665 = 25,04,879 (2022-23); 976,946 + 937,356 = 19,14,302 (2021-22)
ESG Focus Areas
- Sustainability
- Environmental Responsibility
- Community Engagement
- Employee Well-being
- Organic Cotton Farming
Environmental Achievements
- Significant reduction in carbon footprint through energy-efficient machinery and responsible resource utilization
- Installation of solar panels resulting in energy savings
- Zero incidents or injuries due to safety training programs and well-maintained machinery
Social Achievements
- Arranging seminars in remote villages to educate on organic farming and sustainable goals
- School bag and notebook distribution in village schools
- Distribution of agricultural equipment to farmers' families
- Employee insurance coverage
Governance Achievements
- Implementation of Vigil Mechanism/Whistleblower Policy
- Compliance with SEBI (LODR) Regulations, 2015
- Regular Board meetings
Climate Goals & Targets
Long-term Goals:
- Sustainable and carbon-neutral farming practices
Environmental Challenges
- Uncertainty on monsoon
- Higher cost of raw materials
- Global events (e.g., war in Ukraine)
- Rising crude oil prices
- Logistic risks (scarcity and long delivery times of raw materials)
- Price fluctuations
- Exchange fluctuations (for exports)
- High inflation
Mitigation Strategies
- Tracking commodity prices daily
- Taking physical positions of commodities
- Entering into fixed-price contracts with domestic and overseas suppliers to hedge price volatility
- Implementing cost-saving measures
Supply Chain Management
Responsible Procurement
- Sustainable sourcing of cotton seeds
- Sourcing yarns made from recycled and alternate natural fibers
- Supplier Code of Conduct