Magellanic Cloud Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:144.42 tCO2e/year (Scope 2)
Scope 2 Emissions:144.42 tCO2e/year
Renewable Energy Share:0%
Total Energy Consumption:611.6976 GJ/year
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Regular lights replaced with LEDs, energy-efficient air conditioners implemented, cloud servers used for data storage, automatic water dispensers and sensor taps installed to reduce water waste, reduced plastic waste and use of recyclable paper
Social Achievements
- Focus on customer satisfaction through continuous service improvement, promotion of diversity and gender equality, zero-tolerance policy for sexual harassment, employee health and safety measures, community support during Covid-19
Governance Achievements
- Strong corporate governance practices, regular review of governance policies, compliance with laws and regulations, whistleblower policy, code of conduct for directors and senior management, code of conduct for prevention of insider trading
Climate Goals & Targets
Environmental Challenges
- Climate change risks (strategic, physical, and transitional), cyber-attacks and data breaches, increased business leading to higher emissions from electricity usage
Mitigation Strategies
- Holistic approach towards carbon neutrality (energy efficiency, renewable energy, carbon offsets), investment in technology, awareness programs and trainings, cybersecurity and data privacy frameworks and controls, implementation of energy-efficient technologies and renewable power
Supply Chain Management
Responsible Procurement
- Code of Conduct for suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: BRSR
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Renewable Energy Share:0%
Total Energy Consumption:925.7 GJ
ESG Focus Areas
- Climate Change
- Data Privacy and Information Management
- Information Technology Security Practices
- Energy Efficiency
- Water Management
- Waste Management
- Employee Well-being
- Customer Focus
- Community Engagement
- Investor Relations
- Ethical Business Conduct and Compliance
Environmental Achievements
- Regular lights replaced with LEDs and energy-efficient air conditioners in offices; cloud servers for data storage to save energy and reduce emissions; automatic water dispensers and sensor taps to reduce water waste; reduced plastic waste and use of recyclable paper; wet and dry waste separation.
Social Achievements
- Focus on building innovative software solutions; policies to promote diversity and gender equality; zero-tolerance policy for sexual harassment; ensuring employee and family health and safety; assisting local welfare organizations.
Governance Achievements
- Promoting sound corporate governance practices; regular review of governance policies; robust internal processes to track ESG performance; adoption of Business Responsibility and Sustainability Report (BRSR).
Climate Goals & Targets
Environmental Challenges
- Climate change impacting environmental strategy and revenue; cyber-attacks and data breaches; increased business leading to higher emissions from electricity usage.
Mitigation Strategies
- Holistic approach to carbon neutrality; investments in technology, awareness programs, and cybersecurity frameworks; implementation of energy-efficient technologies and renewable power.
Supply Chain Management
Responsible Procurement
- Code of Conduct; expectation of adherence to ethical standards by stakeholders.
Climate-Related Risks & Opportunities
Opportunities
- Development of Net Zero solutions and environmental impact tracking.
Reporting Standards
Frameworks Used: GRI, NGRBC, BRSR