Creative Newtech Limited
Climate Impact & Sustainability Data (2021-22)
Reporting Period: 2021-22
Environmental Metrics
Social Achievements
- Facilitated vaccination for all its employees to ensure the safety and well-being of the associates.
- Adopted hybrid working module intermittently during FY 2022 in compliance with regulatory guidelines promoting social distancing norms and COVID appropriate behaviour.
Climate Goals & Targets
Environmental Challenges
- Rapid Obsolescence of Technology & Change in Consumer Preferences
- Credit Risk
- Interest Rate Risk
- Competition Risk
Mitigation Strategies
- Constantly upgrade the product and service portfolio
- Stay on top of changing consumer preferences
- Determined a credit policy with credit limit requests and approval procedures
- Developed a focused and aggressive receivables management system to ensure timely collections
- Judiciously managed the debt-equity ratio
- Used a mix of loans and internal cash accruals
- Well managed the working capital to reduce the overall interest cost
- Created strong differentiators in project execution, portfolio, level on involvement in marketing and delivery
- Invest in technology and people to remain ahead of the curve
- Customer-centric approach, value-added services and ability to innovate customer specific solutions