R GOODRICKE GROUP LIMITED

Climate Impact & Sustainability Data (2021-04 to 2022-03)

Increased efforts to "GO GREEN" to counter challenges of Global warming and Carbon emission. Afforestation projects, creation of water bodies, usage of bio fertilisers and safe pesticides, usage of renewable fuel in the form of gas firing systems and hydro power projects continue to be focus areas to ensure sustainability.
All gardens in Assam and Darjeeling are Rainforest Alliance certified. Badamtam & Barnesbeg in Darjeeling are certified Organic & Fairtrade. Dooars gardens and Orangajuli and Nonaipara in Assam are Trustea certified.

Initiated a targeted program to create a safe and empowered workplace for women tea workers to implement global women safety framework to strengthen prevention and response mechanisms focused on women safety.
Successfully launched its Goodricke Premium brand specially packed for the people of Bihar using its finest teas produced in the company’s own Dooars gardens.
Opened a Tea Outlet in Gangtok and other outlets are planned to be opened in Kolkata and Siliguri shortly.

Complied with the Corporate Governance requirements under the Companies Act, 2013 and as stipulated in Listing Regulations.
Established a Vigil Mechanism/Whistle Blower Policy and oversees through the Audit Committee, the genuine concerns, if any, expressed by the employees and the Directors.

Adverse dry weather condition in the beginning of the season and extremely wet weather conditions in the months of July, August and September.
Substantial increase in labour wages, high social cost over most other tea producing countries, high infrastructure costs and increasing energy and other input costs.
Shortage of labour during peak season in some pockets.
COVID-19 pandemic impacted operations at tea estates, movement of teas and essential items, and overall market buoyancy.
Strict USA sanctions on Iran drastically limited export of Orthodox teas.
Effect of pandemic in the European markets impacted export sales.

Made substantial investment in irrigation to minimize the impact on crop due to a change in climatic conditions.
Widespread safety measures have been strictly enforced at all its tea estates in consultation with the concerned Government agencies including social distancing at the workplace, restriction of entry of visitors, compulsory quarantine of returning migrants, regular testing of the workforce, vaccination camps for the workforce etc.
Gradually as restrictions were eased production and supply were resumed swiftly to full scale to service the demands from the markets.

Climate Change Data