Climate Change Data

Environmental Metrics

Environmental Achievements

• Plantation of trees & plants for ecological conservation.
• Deployment of sewage treatment plants at its projects and construction sites which treat and re-cycle waste water for reusing in watering plants, toilets etc.

Social Achievements

• COVID support to construction workers, residents and other stakeholders.
• Skill Development by providing training under National Employment through Apprentice Programme (NETAP)

Governance Achievements

• Implemented several best corporate governance practices.

Climate Goals & Targets

Environmental Challenges

• The COVID-19 induced lockdown brought the economy to a complete standstill leading to a disruption in cash flows, customer sentiments and stoppage in construction activities due to migration of labours thereby heavily impacting the real estate sector.
• Availability of capital at a reasonable cost continues to remain a challenge
• The major threat from a possible Third or more waves of COVID-19

Mitigation Strategies

• The Company’s good brand equity in tier 2/3 cities helped its projects in Delhi, Ludhiana, Lucknow and New Chandigarh perform as per its potential.
• The company delivered 2.71 million sq. ft. across various projects in FY21.
• The company provided financial incentives to customers facing difficulties during the year.
• The company enhanced its social efforts during COVID to provide relief to construction workers, Customers, associates and the society at large.

Supply Chain Management

Responsible Procurement

• The Company gives preference in selection of vendors for procurement of raw material, who comply with the various principles of sustainability.
• Vendors are sensitized about the Company’s Code of Conduct for every contract awarded, in order to ensure ethical practices are followed throughout the supply chain.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability
• Community Investment
• Governance

Environmental Achievements

• Deployed sewage treatment plants at its projects and construction sites which treat and recycle wastewater for reusing in watering plants, toilets etc.
• Initiated waste management by recycling waste into compost used for agriculture.
• Disposes some of the construction waste as scrap to get it recycled and reuse the same in construction works.

Social Achievements

• Omaxe Foundation distributed tracksuits and masks at Govt Secondary School and Arya Kanya Gurukul
• Omaxe Foundation distributed masks and tracksuits to the children of construction workers
• COVID-19 relief related activities

Governance Achievements

• Implemented several best corporate governance practices.
• Constituted an Internal Complaints Committee as required under the Sexual Harassment of Women at workplace (Prevention, Prohibition and Redressal) Act, 2013 (POSH).

Climate Goals & Targets

Environmental Challenges

• Increase in raw material and labor costs resulting in erosion of profitability.
• Increase in interest rates by the Reserve Bank of India to manage runaway inflation, can subdue the demand and increase the cost of capital.
• Ripple effects of global economic slowdown affecting economic growth in India that would in turn affect real estate demand.
• Commodity inflation driving increase in raw material costs can exert a significant drag on the profitability of the sector.

Mitigation Strategies

• Strategy of cost efficiency and Tier-II and Tier-III focus.
• Efficient capital allocation and timely servicing of debt.
• Focus on Tier-II and Tier-III Cities
• Diversified Product Mix

Supply Chain Management

Responsible Procurement

• The Company gives preference in selection of vendors for procurement of raw material, who comply with the various principles of sustainability.
• Vendors are sensitized about the Company’s Code of Conduct for every contract awarded, in order to ensure ethical practices are followed throughout the supply chain.

Climate-Related Risks & Opportunities

Awards & Recognition

• OMAXE CHOWK “Retail Property of the Year” “Most Popular Mall of the Year” in 2021 by Inkspell & in 2021 by the Global The Estatesmen Real Estate Congress
• WORLD STREET “Retail Property of the Year 2021” “Best Project Retail” in 2021 by the Global in 2021 by Inkspell & Real Estate Congress The Estatesmen

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption by using star rated appliances and replacing CFL lights with LED lights
• Promoting green buildings and other energy-efficient measures for construction

Social Achievements

• Delivered 3.87 million square feet of real estate properties to customers
• Created numerous job opportunities through various projects
• Implemented comprehensive strategies focused on waste diversion, recycling, and reuse

Governance Achievements

• Complied with various Rules and Regulations prescribed by the Stock Exchanges, SEBI and other statutory authorities
• Implemented a robust risk management framework
• Established a Whistle Blower Policy

Climate Goals & Targets

Environmental Challenges

• High cost of land
• Congested and unplanned infrastructure
• Complex rules and regulations
• Economic, regulatory, taxation, and environmental risks
• Credit risk, liquidity risk, regulatory risk, commodity inflation risk, and market risk

Mitigation Strategies

• Implemented strict Code of Conduct, anti-bribery and corruption policies and procedures
• Regular audits and reviews of financial transactions
• Robust risk management policies
• Comprehensive strategies focused on waste diversion, recycling, and reuse

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Evolving environmental and social regulations

Opportunities

• Energy efficiency

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001:2000

Awards & Recognition

• Best Brands at ET Edge Best Brands 2023
• Most Liveable Township Award at Dainik Bhaskar Eminence Awards 2023
• Best Township of the Year from Naidunia
• Prime Commercial Project of the Year at Times Realty Infrastructure Conclave 2024
• Best Leading Brand of the Year from Media Federation of India and Public Relations Council of India
• Tri-city Most Enterprising Real Estate Developer
• Brands Asia Award
• Golden Brick Awards 2024