Climate Change Data

Environmental Metrics

Environmental Achievements

• Installation of 1.023 MWP solar panels completed at one plant; installation of another 1.156 MWP solar panels underway.

Social Achievements

• Not disclosed

Governance Achievements

• Constituted a Corporate Social Responsibility (CSR) Committee on May 30, 2023; adopted a Corporate Social Responsibility Policy and Code of Conduct for employees.

Climate Goals & Targets

Environmental Challenges

• Changing consumer preferences; competition from unorganized players; sluggish growth of Indian leather footwear market; imports from China; economic and political factors; foreign currency fluctuation; fragmented industry structure.

Mitigation Strategies

• Adapting to new fashion trends and consumer desires; exploring new ideas to exceed customer expectations; innovating in products and brand representation; monitoring major risks regularly; implementing well-designed internal control systems; upgrading employee skills; implementing world-class safety practices.

Supply Chain Management

Supplier Audits: Not disclosed

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Women’s sports/running shoes with memory foam socks; new designs for shoe uppers.

Environmental Metrics

ESG Focus Areas

• Governance

Social Achievements

• Implementation of Prevention of Sexual Harassment at Workplace (POSH) Policy
• CSR activities under "Adopt a Heritage 2.0" Scheme and National Apprenticeship Promotion Scheme (NAPS)

Governance Achievements

• Familiarization programs for Independent Directors covering roles, responsibilities, and regulatory updates

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Heritage Preservation
• Medical Facilities
• Education
• Green Planet
• Women Empowerment

Environmental Achievements

• Planted trees in various government places and marked areas for future plantation drives.
• Not disclosed

Social Achievements

• Supported Arunodaya Charitable Trust (eye care facility) and a charitable hospital in Unnao.
• Supported Vidyalaya Prabandh Samiti (school for underprivileged students).
• National Apprentice Promotion Scheme participation.
• 25% women representation on the Board.

Governance Achievements

• Established a centralized ICC committee to address matters under the POSH Act, 2013.

Climate Goals & Targets

Environmental Challenges

• First quarter of the year had low overall shopping in the Indian market.
• Expanding into non-core markets (outside North India) presents challenges due to differing regional climates and consumer preferences.

Mitigation Strategies

• Opened new warehouses in Mumbai, Kolkata, Hyderabad, and Bhiwandi to improve prime deliveries PAN India.
• Implemented a dual strategy for capturing non-core markets: online sales through marketplaces and offline stores.
• Implemented SAP to optimize supply chain efficiencies.

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