Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Reduced CO2e intensity from 3.98 tonnes per 1000 pieces of jewelry to 2.02 tonnes per 1000 pieces of jewelry (48% reduction)
• Reduced total GHG emissions from 2613 tonnes CO2e to 3475 tonnes CO2e despite a 2.5 times increase in production (33% increase in emissions, but significantly less than proportional increase in production)

Social Achievements

• Not disclosed

Governance Achievements

• Established an Environmental Management System (EMS) to monitor and verify carbon management targets

Climate Goals & Targets

Environmental Challenges

• High energy consumption from HVAC systems, contributing to GHG emissions and refrigerant leakage

Mitigation Strategies

• Identified HVAC systems as a priority area for further carbon intensity reduction
• Planned energy audit of production equipment and processes
• Exploring the use of renewable energy sources (solar and wind) in the long term

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: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Corporate Social Responsibility

Governance Achievements

• Established a Whistle Blower Policy for vigil Mechanism for Directors and employees.
• Complied with all mandatory requirements of SEBI (LODR) Regulations, 2015.
• Implemented an effective mechanism to track and monitor Insider Trading activities.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEBI (LODR) Regulations, 2015

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Corporate Social Responsibility

Governance Achievements

• Established various codes and policies to ensure integrity, transparency, independence and accountability (Code of Conduct for Directors and senior management, Code of Conduct for Prohibition of Insider Trading, Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI), Vigil Mechanism and Whistle Blower Policy, Policy on Related Party Transactions, Corporate Social Responsibility Policy, Nomination and Remuneration Policy, Policy for determining Material Subsidiaries, Policy for Preservation of documents, Risk Management Policy)
• Complied with the requirements of Corporate Governance specified in the SEBI (LODR) Regulations, 2015
• Implemented an effective mechanism to track and monitor insider trading activities.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEBI (LODR) Regulations, 2015

Environmental Metrics

ESG Focus Areas

• Responsible Jewellery Council (RJC) Membership
• Corporate Social Responsibility (CSR)

Environmental Achievements

• Energy conservation efforts resulting in optimum utilization of energy and reduction in power consumption by 3-4% p.a.
• Installation of solar panels at Unit I

Social Achievements

• Established Corporate Social Responsibility Committee (CSR Committee) with focus areas on Medical, Health Care and Social Welfare; Educational; Humanitarian; and Environmental, Cultural and Animal Welfare.
• Implementation of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

Climate Goals & Targets

Environmental Challenges

• Extreme volatility in equity markets and gold prices.
• Seasonality of business heavily dependent on US festive occasions.

Mitigation Strategies

• Entering new markets to broaden sales base and reduce reliance on US markets.
• Product innovation to constantly come out with newer designs.
• Efficient cost structure through cost-effective manufacturing locations.
• Judicious product mix and versatile pricing to suit consumer tastes.
• Efficient capital allocation to reduce working capital cycle.
• Acquisition of gold jewellery manufacturing unit in UAE for geographical diversification.

Supply Chain Management

Responsible Procurement

• Responsible Jewellery Council (RJC) Code of Practices

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Responsible Jewellery Council (RJC) Code of Practices

Certifications: Responsible Jewellery Council (RJC) certified member

Awards & Recognition

• SEEPZ-SEZ Star Award (2001)
• Walmart’s International Supplier of the Year (2004)
• GJEPC Award for second largest exporter of studded precious metal jewellery (2006)
• Three Star Export House (2007)
• GJEPC Award for largest exporter of studded metal precious Jewellery (2008, 2011, 2012, 2015, 2016)
• Emerging India Award (2009)

Environmental Metrics

Social Achievements

• Established the Corporate Social Responsibility Committee (CSR Committee) which has formulated and recommended to the Board, a Corporate Social Responsibility Policy (CSR Policy) indicating the activities to be undertaken by the Company.

Governance Achievements

• The Company is committed to maintain the highest standards of corporate governance and adhere to the corporate governance requirements set out by Securities and Exchange Board of India.
• The Company has taken appropriate steps and measures to comply with all the applicable provisions of Regulation 17 to 27 of SEBI (LODR) Regulations, 2015 and Section 177 of the Companies Act, 2013.

Climate Goals & Targets

Environmental Challenges

• The gems and jewellery sector in India, especially jewellery exporting businesses, has been impacted by gross capital mismanagement and highly leveraged balance sheets.
• US Dollar Fluctuations
• Price fluctuation and availability of diamonds and other gemstones
• Global economic conditions and consumer confidence
• Increase in tariffs on India and China could have a negative effect on the Company’s ability to sell products in the US market.

Mitigation Strategies

• At RGL, we have been able to steadily grow our business by following a highly disciplined approach based on prudent capital allocation and efficient working capital management.
• The Company uses foreign exchange forward contracts and foreign currency financial liabilities, to mitigate the risk of changes in foreign currency exchange rates in respect of its highly probable forecasted transactions and recognized assets and liabilities.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• GJEPC Award for outstanding Export Performance under the category “Studded Precious Metal Jewellery Exports”, in 2017.
• GJEPC Award for topping Export Performance under the category “Studded Precious Metal Jewellery Exports”, in 2016.
• Accorded with membership of Responsible Jewellery Council (RJC), in 2016.
• GJEPC Award for outstanding Export Performance under the category “Studded Precious Metal Jewellery Exports”, in 2015.
• GJEPC Award for outstanding Export Performance under the category “Studded Precious Metal Jewellery Exports”, in 2012.
• GJEPC Award for topping the Export Performance under the category “Studded Precious Metal Jewellery Exports from EPZ/ EOU Complexes” in 2011.
• Emerging India Awards 2009.
• GJEPC Award for being the largest exporter of Studded Precious Metal Jewellery in 2008.
• Wal-Mart’s ‘International Supplier of the Year’ Award, in 2004.
• SEEPZ-SEZ Star 2000-2001 Award.