Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Corporate Social Responsibility
• Green Building

Environmental Achievements

• Obtained Gold Certified Green Building Certification for 23 additional stores, bringing the total to 50 stores (covering more than 2.3 million sq. ft. of development).
• Total commissioned capacity of 4.2 MW on the rooftops of 46 stores through rooftop solar plants.
• Installation of low-flow water-efficient fixtures, rainwater harvesting pits, and Sewage Treatment Plants (STPs) at several stores.

Social Achievements

• Aided more than 95,000 students through educational interventions in municipal schools of Mumbai.
• Built 71 fully functional computer labs and 56 libraries.
• Conscious efforts to reduce the gender gap in supervisory roles.

Governance Achievements

• Constitution of various committees (Audit, Stakeholders’ Relationship, Nomination and Remuneration, CSR, Risk Management, Operations, and ESOP) in compliance with the Companies Act, 2013 and Listing Regulations.
• Regular performance evaluation of the Board, committees, and individual directors.

Climate Goals & Targets

Environmental Challenges

• Unsatisfactory store opening outcomes due to challenges in real estate acquisition and internal weaknesses.
• Economic headwinds such as GDP slowdown, decreased rural spending, and rising commodity prices.

Mitigation Strategies

• Working to improve internal processes related to store openings.
• Focusing on maintaining cost efficiencies and offering the best customer value to mitigate economic headwinds.
• Investing in internal capabilities and nurturing talent.

Supply Chain Management

Responsible Procurement

• Health and safety assessments of supplier facilities.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Commissioned 36 solar plants with a capacity of 8.2 MW, bringing the total to 226 solar plants with a cumulative capacity of 36.0 MW. 24.1% of total energy requirement at these premises is met through solar energy.
• 217 buildings achieved Green Building Certifications (38 Gold under US GBC LEED, 1 Gold under Indian GBC LEED, 178 Gold under Indian GBC).
• Reduced plastic packaging by 70 MT through reduction of non-essential packaging and incorporation of recycled content plastic in packaging of our own brand products.
• Recycled 64,843 MT of paper waste and 5,437 MT of plastic waste.

Social Achievements

• School Excellence Programme supported students from 10 Municipal Corporations and 2 Zilla Parishads, covering more than 300 schools and positively impacting more than 136,000 students.
• Supported several external institutions running impactful programmes in education, healthcare, environment, and nutrition.
• Upgraded and managed toilet blocks at two railway stations in Mumbai, improving hygiene for lakhs of commuters.

Governance Achievements

• Appointment of Mr. Harishchandra Bharuka as an Independent Director.
• Re-appointment of Mr. Ramakant Baheti as Whole-time Director & Group CFO and Mr. Elvin Machado as Whole-time Director.

Climate Goals & Targets

Environmental Challenges

• Maintaining daily low prices in a competitive market.
• Availability of suitable real estate for new stores.
• Attracting, hiring, training, and retaining skilled employees.
• Maintaining optimal inventory levels.
• Predicting consumer preferences and adapting offerings.
• Managing store expansion and operations in new locations.
• Cybersecurity breaches.
• Pandemic outbreaks.
• Climate change impacts and regulations.

Mitigation Strategies

• Everyday Low Cost/Everyday Low Price (EDLC/EDLP) strategy.
• Cluster-based expansion approach.
• Investment in training programs.
• Robust IT systems.
• Continuous customer feedback.
• Internal financial controls and monthly business reviews.
• Cybersecurity measures.
• Sustainability matrix for go-to-market strategy.
• Collaboration with vendors to reduce Scope 3 emissions.

Supply Chain Management

Supplier Audits: 10% of total value chain spend

Responsible Procurement

• Focus on local assortment and sourcing from regions where products are widely available or manufactured.
• Interactions with large suppliers to introduce products that reuse materials.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Climate regulations

Opportunities

• Value retail's less resource-intensive nature

Reporting Standards

Frameworks Used: BRSR

Certifications: Green Building Certifications (IGBC/USGBC)

Third-party Assurance: Grant Thornton Bharat LLP

UN Sustainable Development Goals

• SDG 4 (Quality Education)
• SDG 7 (Affordable and Clean Energy)
• SDG 13 (Climate Action)

Initiatives contribute to these goals through education programs, renewable energy adoption, and climate change mitigation efforts.

Sustainable Products & Innovation

• Products with recycled materials (planters, plates, shopping bags, etc.)