Tata Textile Mills Limited

Climate Impact & Sustainability Data (2023-07 to 2024-06, 2024)

Reporting Period: 2023-07 to 2024-06

Environmental Metrics

Total Carbon Emissions:9487 tons reduction compared to baseline (Specific tCO2e/year data not provided)

Scope 1 Emissions:Not disclosed

Scope 2 Emissions:Not disclosed

Scope 3 Emissions:Not disclosed

Renewable Energy Share:4.4 MW operational, 3.7 MW under construction (Percentage of total energy use not provided)

Total Energy Consumption:5441+ MWh/year from renewable sources (Total energy consumption not provided)

Water Consumption:Not disclosed

Waste Generated:Not disclosed

Carbon Intensity:Not disclosed

ESG Focus Areas

Environmental Stewardship
Social Responsibility
Corporate Governance

Environmental Achievements

Installed 4.4 MW solar power plant, with an additional 3.7 MW under construction.
Reduced GHG emissions by 9487 tons compared to baseline.
Implemented Waste Heat Recovery system.
Achieved GOTS, OEKO-Tex, GRS, RCS, and Regenagri certifications.

Social Achievements

Supported 3 primary and secondary school campuses in collaboration with The Citizen’s Foundation (TCF).
Ran adult literacy program "Jugnoo Sabaq", graduating its 5th batch.
Organized various employee engagement activities (Eid lunch, Women’s Day celebration, etc.).
Provided higher education assistance to 10 students and scholarships to 3 textile students.

Governance Achievements

Successfully implemented Oracle Fusion, a cloud-based ERP system.
Implemented Diligent Boards software for enhanced governance.
Received a stable credit rating of 'A' (Long-Term) and 'A1' (Short-Term) from PACRA.

Climate Goals & Targets

Long-term Goals:

Not disclosed

Medium-term Goals:

Continued focus on sustainable growth and export sales expansion.
Further investment in energy conservation and health and safety projects.

Short-term Goals:

Implementation of Business Intelligence solutions.
Balancing, Modernization, and Replacement (BMR) of manufacturing facilities.
Launch of new blow room for manmade fibers.

Environmental Challenges

High energy costs (natural gas, electricity).
High interest rates.
Cotton price volatility and shortage of local cotton.
Economic and political instability in Pakistan.
Exchange rate volatility.
Global supply chain disruptions.

Mitigation Strategies

Investing in renewable energy (solar power).
Optimizing inventory levels and working capital management.
Diversifying supplier base and procuring local cotton.
Proactive monitoring of economic and political conditions.
Implementing strategies to mitigate exchange rate risks.
Maintaining adequate stock levels to mitigate supply chain disruptions.

Supply Chain Management

Supplier Audits: Regular assessments and supplier evaluations are conducted.

Responsible Procurement

Collaboration with suppliers to enhance sustainability practices.
Ensuring safe working conditions and adherence to ethical standards.

Climate-Related Risks & Opportunities

Physical Risks

Extreme weather events (floods, heatwaves, storms).

Transition Risks

Stringent climate regulations.

Opportunities

Renewable energy integration.
Sustainable cotton sourcing.
Circular business models.
Carbon offsetting.

Reporting Standards

Frameworks Used: IFRS, Listed Companies (Code of Corporate Governance) Regulations, 2019

Certifications: ISO 9001, GOTS, OEKO-Tex, GRS, RCS, Regenagri

Third-party Assurance: M/s. Yousuf Adil, Chartered Accountants

UN Sustainable Development Goals

Not disclosed

Not disclosed

Sustainable Products & Innovation

Products made from organic cotton, BCI cotton, CMiA cotton, and recycled fibers.

Awards & Recognition

10th Employer of the Year Gold Recognition Award 2024.
Certificate of Merit for Best Corporate Report 2022.
Recognition Award for Best Practices in Occupational Safety, Health, and Environment 2023.

Reporting Period: 2024