Climate Change Data

TCNS Clothing Co. Limited

Climate Impact & Sustainability Data (2022-23)

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:1125.17 tCO2e (Scope 1 & 2)
Scope 1 Emissions:29.39 tCO2e
Scope 2 Emissions:1095.78 tCO2e
Scope 3 Emissions:Not Available
Renewable Energy Share:Not disclosed
Total Energy Consumption:35952.81 GJ
Water Consumption:1394.58 KL
Waste Generated:1.197 metric tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Employee Well-being
  • Supply Chain Sustainability
  • Sustainable Sourcing
  • Environmental Protection
  • Product Safety
  • Business Ethics
  • Corporate Governance

Environmental Achievements

  • Reduced energy consumption through LED lighting in stores
  • Used refurbished floor fixtures and environment-friendly alternatives
  • Complied with Extended Producer Responsibility (EPR) for plastic waste
  • Sent e-waste for treatment, storage, and disposal in compliance with E-Waste Management & Handling Rules, 2016
  • Donated scrap fabrics to NGOs for recycling

Social Achievements

  • Organized various employee wellness initiatives (mental, social, physical, financial)
  • Celebrated various festivals and organized events to foster employee engagement
  • Established manufacturing facilities employing a majority women workforce
  • Implemented POSH policy and addressed reported cases
  • Undertook CSR projects focusing on education and rural development

Governance Achievements

  • Implemented anti-bribery and anti-corruption policy
  • Established a robust risk management framework
  • Adopted a Code of Conduct for Directors and Senior Management
  • Implemented an Insider Trading Policy
  • Maintained a diverse Board of Directors

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Premiumization of occasion-wear and casualizing day-wear ranges
  • Expand online growth journey
  • Increase focus on variety and convenience-seeking customers
Short-term Goals:
  • Deliver a winning range architecture and merchandise mix
  • Drive same-store sales recovery
  • Optimize working capital

Environmental Challenges

  • Subdued demand in the apparel market post-Diwali
  • Transition to Online D2C model impacting Online B2B revenues
  • Product-related challenges impacting sell-throughs
  • Elevated working capital levels
  • Supply chain disruptions due to geopolitical crises and climate change
Mitigation Strategies
  • Re-evaluated merchandise structure and delivery systems
  • Collaborated with partners for feedback incorporation
  • Allocated resources for technology integration and marketing refinement
  • Opened 76 new exclusive brand outlets
  • Transitioned online business to a D2C model
  • Consolidated into a fully integrated warehouse and implemented a planning and replenishment system
  • Implemented aggressive liquidation of old season merchandise, optimized new season purchases and repurposed existing stocks
  • Developed sustainable procurement policy and guidelines for suppliers
  • Evaluated sourcing areas to identify and mitigate climate risks
  • Improved product quality through on-site testing

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable sourcing policy
  • Evaluation of suppliers on labor standards, health & safety, and environmental safety

Climate-Related Risks & Opportunities

Physical Risks
  • Natural disasters impacting raw material supply
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