Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental stewardship
• People first
• Responsible governance

Environmental Achievements

• Recycled 13180 kg of plastic waste in FY 2023-24
• Purchased 700 tonnes of carbon credit to offset Scope 1 & 2 emissions of 677.75 tCO2e in FY 2022-23
• Implemented digital invoicing and e-agreements to reduce paper consumption
• Replaced plastic bags with paper bags at stores

Social Achievements

• 15% women in the total workforce
• Zero fatalities at premises
• 100% coverage for employees and workers on BRSR
• 66% input materials sourced from MSMEs/small producers
• CSR expenditure: INR 7.45 Crore
• Impacted 11,567 lives through CSR initiatives

Governance Achievements

• 5 Committees to drive corporate governance
• Longstanding relationship with Big 4 auditors for over a decade
• Credit rating upgraded to AA/Stable from AA-/Stable

Climate Goals & Targets

Environmental Challenges

• Decline in the number of weddings
• General consumer weakness
• GHG emissions from energy-intensive processes
• Waste management non-compliance risks
• Occupational health and safety risks
• Human rights risks in the supply chain

Mitigation Strategies

• Investing in retail expansion and broadening presence from weddings to festive wear
• Purchasing carbon credits
• Implementing energy-efficient systems
• Implementing comprehensive waste management programs (recycling, reusing, reducing)
• Implementing OHS training programs and regular health check-ups
• Implementing human rights training and awareness programs, establishing an internal committee to address grievances

Supply Chain Management

Responsible Procurement

• Sourcing from MSMEs (66% in FY 2023-24)
• Encouraging sustainable practices among suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Awards & Recognition

• India’s Retail Champions Award
• Most Admired Fashion Brand of The Year