Climate Change Data

Suryalakshmi Cotton Mills Limited

Climate Impact & Sustainability Data (2022-23)

Reporting Period: 2022-23

Environmental Metrics

ESG Focus Areas

  • Sustainability
  • Environmental Stewardship
  • Ethical Business Practices
  • Water Management
  • Waste Management
  • Climate Responsibility
  • People Welfare

Environmental Achievements

  • 95% reduction of coal usage in fuel needs
  • 100% water recycled
  • Freshwater consumption reduced by 45%
  • Implementation of Regenagri - Regenerative cotton initiative
  • 5 MW Solar power installed
  • Implementation of CleanKore technology for indigo dyeing, eliminating Potassium Permanganate

Social Achievements

  • Integrated woman focused program trains unskilled women to undertake skilled jobs at its units
  • Periodic Training programmes for developing a skilled workforce, personality development programmes, yoga camps, etc., encouragement of employee participation in district / state level sports events are regularly undertaken.

Governance Achievements

  • Annual performance evaluation of the Board, its Committees and of Individual Directors was carried out
  • Familiarisation program for Independent Directors
  • Separate meeting of Independent Directors held

Climate Goals & Targets

Environmental Challenges

  • Rising other input costs like dyes, chemicals, coal & power
  • Recessionary trends in American and European economies impacting fabric exports
  • Fluctuations in cotton prices
Mitigation Strategies
  • Sustainable initiatives like recycling and CleanKore (sustainable dyeing technology) to achieve around 15% growth in export revenues
  • Debt reduction measures
  • Strategic integration of spinning and manufacturing capabilities

Supply Chain Management

Responsible Procurement
  • Regenagri initiative promotes responsible sourcing

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Higg Index

Certifications: ISO 14001:2015, ISO 9001:2015, Oeko-Tex, Better Cotton Initiative, GOTS, OCS, GRS, RCS, Regenagri, CleanKore, Indigood

Sustainable Products & Innovation

  • Products incorporated with recycled polyester fibres and pre-consumer and post-consumer processed cotton waste
  • Products using innovative new fibres such as Hemp, Banana fibre, Sorona fibres, and lyocell