Palred Technologies Limited
Climate Impact & Sustainability Data (2012-03 to 2013-03, 2013-03 to 2014-03)
Reporting Period: 2012-03 to 2013-03
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility
- Corporate Governance
- Employee Well-being
Environmental Achievements
- Go Green Campaign: Dry waste collection, Carpooling initiatives
Social Achievements
- Donations to Kinnera Welfare Society, Support to tribal craftsmanship through Tribes India, Blood donation camp, Ranked 18th in top 20 IT companies in DQ-CMR Best Employer Survey 2012, Conferred with "Best HR Strategic Plan Award" at India Human Capital Summit 2012
Governance Achievements
- Improved Corporate Governance compliance, Whistleblower Policy, Fraud Detection Policy, Code of Conduct for senior officers
Climate Goals & Targets
Environmental Challenges
- Economic uncertainties and tough competition in Europe and the United States, Market shift towards Software as a Service (SaaS) model, Global economic slowdown, Technology obsolescence, Geographic concentration of revenues, Integration challenges in acquisitions, Variability of quarterly operating results, Intellectual property infringement
Mitigation Strategies
- Strong value creating product lines and sales efforts, Focus on SaaS model, Diversification of revenue streams, Continuous improvement in technology and processes, Proactive risk management, Seamless integration strategies for acquisitions, Internal control systems, Intellectual property policies
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Best HR Strategic Plan Award
Reporting Period: 2013-03 to 2014-03
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility
Social Achievements
- Donated Rs. 5 Lakhs to Bhupati Raju Sita Devi Charitable Trust for children's education.
Governance Achievements
- Improved governance and transparency.
- Implemented Whistle Blower Policy, Fraud Detection Policy, and Code of Conduct for prevention of Insider Trading.
- Established internal controls and documented procedures.
Climate Goals & Targets
Environmental Challenges
- Lack of touch and feel in online shopping.
- Increased competition with global players.
- Low margins in e-commerce.
- Security breaches, fraud, and customer disputes in e-commerce.
- Intellectual property infringement.
Mitigation Strategies
- Risk management measures including educating the team on risks, communicating organizational policies to customers, regular software updates, and implementing robust internal controls.
- Disciplined approach to risk management.
- Focus on talent development and continuous learning.
- Implementing Enterprise Resource Planning with various business controls.