Climate Change Data

SHANTI OVERSEAS (INDIA) LIMITED

Climate Impact & Sustainability Data (2018-2019, 2020-21, 2022-2023)

Reporting Period: 2018-2019

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Used bio-insecticides in the entire premises.
  • 100% mechanical process with no human touch from unloading to loading.

Social Achievements

  • Increased employment opportunities by increasing personnel from 30 to 60.
  • Initiatives taken to support business through organizational efficiency, process change support and various employee engagement programs.

Governance Achievements

  • Established a vigil mechanism for Directors and Employees.
  • Formal annual evaluation process by the Board.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Optimal utilization in the new plant over the next 2-3 years.

Environmental Challenges

  • Weather conditions and the quantum of crop in the coming season.
  • Highly competitive food industry with challenges from Indian and foreign manufacturers.
  • Mobile human resources with similar skills and experiences.
  • Frequent changes in Government policies and foreign trade policies.
  • Changes in GST Act.
  • Fluctuations in Dollar rates in the currency market.
Mitigation Strategies
  • Wide range of products to cater to customers across the globe.
  • R&D department focusing on innovation and ISO certification standards.
  • Increased crushing capacity from 50 MT to 200 MT per day.
  • Initiatives to improve organizational efficiency and employee engagement.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: APEDA, BRC FOOD, FSPCA, FSSAI, GFSI, GMP+, HACCP, HALAL, OK KOSHER,FSSC 22000, ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Madhya Pradesh Government Gaurav Award

Reporting Period: 2020-21

Environmental Metrics

Governance Achievements

  • Improved gearing ratio to 1.09 from 1.21 in 2019-20 and 1.62 in 2018-19

Climate Goals & Targets

Environmental Challenges

  • Shortage of labors and unavailability of containers at the port due to lockdown
  • Unavailability of containers for export to Korea, Europe etc due to COVID-19 impact worldwide. Increased freight rates to US & Europe reduced margins.
  • 30% of Soyabean crop damaged, impacting turnover and margin.
  • Government decreased Export incentive (MEIS) from 10% to 5%.
Mitigation Strategies
  • Strict control system to monitor day to day energy consumption.
  • Monitors developments to identify significant uncertainties in future periods

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2022-2023

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Substantial fall in export to the USA due to the levy of Countervailing Duty and Anti-Dumping Duty on produce imported from India.
  • Decline in export turnover for the last two years.
Mitigation Strategies
  • Decided to part away with Fixed Assets related to the Manufacturing Process.

Supply Chain Management

Climate-Related Risks & Opportunities