Radhika Jeweltech Limited
Climate Impact & Sustainability Data (2019-2020)
Reporting Period: 2019-2020
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility
Social Achievements
- Contributed an amount of Rs. 12,63,000/- to Charitable Institutions for social welfare.
Governance Achievements
- Established a Whistle Blower Policy.
- Adopted an Anti Sexual Harassment Policy.
- Carried out an annual performance evaluation of its own performance, the Directors individually, as well as the Board Committees.
Climate Goals & Targets
Environmental Challenges
- Weakening demand and economic slowdown.
- Significant decrease in sales due to Covid-19 and government-imposed lockdowns.
- Loss of sales during festive seasons.
- Shortage of skilled labor increasing production costs.
Mitigation Strategies
- Company constantly reviews its exposure to various types of risk (regulatory, operational, environmental, financial).
- Systems in place to ensure compliance with all regulatory and statutory matters.
- Well-defined practice on inventory levels.
- Credit risks are analyzed prior to taking exposures with customers.