Cello World Limited
Climate Impact & Sustainability Data (2023-24)
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:370 tCO2e (Scope 1 & 2)
Scope 1 Emissions:47.64 tCO2e
Scope 2 Emissions:322.05 tCO2e
Total Energy Consumption:2269.19 MWh
Water Consumption:4530 m3
Waste Generated:0.17 tons
Carbon Intensity:0.004 x 10-5 Tonnes Co2e/rupees
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Increased solar energy generation from 16.51 lakh units in FY 2023 to 45.00 lakh units in FY 2024 across five manufacturing facilities.
- Implemented a comprehensive approach to reducing, reusing, and recycling waste, with factory heads committing to a 5% annual reduction.
Social Achievements
- Launched various employee well-being initiatives including HR induction programs, yoga sessions, sales conferences, team-building activities, health awareness training, and cybercrime awareness seminars.
- Implemented career guidance programs for children of employees.
- Conducted CSR initiatives focused on education, healthcare, and animal welfare.
Governance Achievements
- Successfully completed its maiden IPO.
- Strengthened the board with the addition of five independent directors.
Climate Goals & Targets
Environmental Challenges
- Macro-economic factors impacting discretionary spending.
- Raw material price risk.
- Liquidity risk.
- Distribution network risk.
- Competition risk.
- Counterfeit risk.
- Quality risk.
- Change in customer preference.
Mitigation Strategies
- Diversified product range including essential items.
- Careful inventory management and price adjustments.
- Monitoring financial position and maintaining cash reserves.
- Diversifying distribution network and strengthening relationships with distributors.
- Diverse product range and strong brand reputation.
- Brand awareness campaigns.
- Stringent quality control processes.
- Monitoring changing trends and introducing new product lines.
Supply Chain Management
Responsible Procurement
- Sourcing primary materials through subsidiaries with strict inspection procedures.
- Managing imports exclusively through registered vendors and developing a local procurement supply chain.