Climate Change Data

The Waterbase Limited

Climate Impact & Sustainability Data (2020-04 to 2021-03, 2021-2022)

Reporting Period: 2020-04 to 2021-03

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability
  • Community Development
  • Women Empowerment

Environmental Achievements

  • Reduced carbon emission by working on sourcing renewable energy from reliable sources (Solar Unit planned)
  • Improved feed formulation to reduce environmental output (pond conditions)

Social Achievements

  • Established three Community Development Centres for Learning Livelihood and Research (CDC-LLR) labs, providing testing and technical support to farmers.
  • Launched Kashavi programme to provide education and life skills to school dropout girls and women.

Governance Achievements

  • Implemented a Whistle Blower Policy
  • Established a Corporate Social Responsibility (CSR) Committee and framed a CSR policy

Climate Goals & Targets

Long-term Goals:
  • Build a modern, efficient, and sustainable value chain.
Medium-term Goals:
  • Introduce functional feed to improve farming efficiencies.
  • Expand volumes in feed business, move into adjacent categories.
Short-term Goals:
  • Increase scale to be margin accretive.
  • Augment market share in feed and farm care.
  • Enter new geographies.

Environmental Challenges

  • Dependence on feed business and shrimp industry growth.
  • Supply and cost of inputs (raw materials for shrimp feed).
  • Regulatory compliance.
  • Stiff competition from peer companies.
Mitigation Strategies
  • Diversified revenue streams (hatchery, farm care products).
  • Strong brand recall among farmers, superior feed.
  • Investment in new capabilities.
  • Geographical expansion, stronger dealer networks.

Supply Chain Management

Responsible Procurement
  • Focus on quality monitoring technologies and improved production processes

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Next-gen feed for Vannamei shrimp with improved nutrition and health benefits

Reporting Period: 2021-2022

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability
  • Sustainable Farming Practices
  • Food Safety
  • Employee Well-being
  • Community Development

Environmental Achievements

  • Continuously investing in R&D capabilities, designing and upgrading processes and products to be more efficient and reduce any negative impact on the environment or on our end consumer.
  • Beefed up the bio security systems of the Hatchery by installing ultra modern water filteration systems which will help to produce high quality seed.

Social Achievements

  • Actively support “Kashavi Programme” which aims to ensure that school dropout girls and women receive education irrespective of age, income level and location. This programme gives them an opportunity to complete their secondary school education through NIOS (National Institute of Open School) while simultaneously developing necessary life skills.
  • Undertook several measures to maintain high health and hygiene standards at the workplace, ensuring vaccination for all its employees, families and contractual workforce.
  • Continued to invest in the employee’s professional growth. During the year, several new initiatives were undertaken to promote learning and encourage individual development.

Governance Achievements

  • Implemented a Whistle Blower Policy, whereby employees can report matters such as abuse of authority, misconduct, fraud, misappropriation of assets, non-compliance to code of conduct etc. to the Audit Committee.
  • Adherence to all rules, policies, statues and laws. All legal and statutory compliances are duly followed and complied with.

Climate Goals & Targets

Long-term Goals:
  • To maximize stakeholder value by consistently exceeding customers’ expectations and achieving operational excellence in whatever we do.
  • We are fundamentally committed to developing new technologies and imparting best practices for the growth of the sector and its contribution to Indian economy.
Medium-term Goals:
  • Strengthen our sales forces and network
  • Re-engineering our processes and investing aggressively in the development of new products and new capabilities.
Short-term Goals:
  • Modernisation and expansion of its processing plant would help the Company to become more competitive and increase its market share in the processing business.

Environmental Challenges

  • Rising input costs dented the margins.
  • Inability to pass on the cost due to competitive pressures, led to tightening of the margins in the feed business.
  • Supply chain disruptions, inflation woes, interest rate hikes, and the sharp depreciation of the Indian Rupee.
Mitigation Strategies
  • Stringent cost controls and diversification of product offerings to improve margins.
  • Increasing cash sales through attractive cash and early payment discounts to dealers.
  • Greater customers connect through workshops, training camps & farmer meets and providing best in class after sales technical support to farmer.
  • Cost containment measures to avoid discretionary expenses and improving the effectiveness of spends.
  • Strengthening our sales forces and network.
  • Re-engineering our processes and investing aggressively in the development of new products and new capabilities.

Supply Chain Management

Responsible Procurement
  • Quality Assurance department provides solutions to vendors to assure high quality ingredients are received at factories.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Indian Accounting Standards (Ind AS)

Certifications: Feed plants: ISO 9001:2015 and BAP certification, Processing unit: EU, USFDA, HACCP and FSSAI standards

Third-party Assurance: Deloitte Haskins & Sells LLP

Sustainable Products & Innovation

  • Baywhite Advance and Tiger XL Feed