Orbit Exports Limited
Climate Impact & Sustainability Data (2023-04 to 2024-03)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Renewable Energy Share:45%
ESG Focus Areas
- Sustainability
- Safety
Environmental Achievements
- 45% green energy consumption
- Water recycling at Kosamba and Sarigam plants
- Transitioned from coal to eco-friendly briquettes at Kosamba plant
- Utilized thermal fluid heater for steam generation at Sarigam plant
- Planted over 22,000 square feet of green cover
Social Achievements
- Provided free 42,930 meals for ‘Zero Hunger’ at the hospital for 6,132 beneficiaries
- Awarded fellowships to girls through Udayan Care’s Udayan Shalini Fellowships
- Provided support for poor community women through the distribution of sewing machines and grocery items and solar lamps
Governance Achievements
- Annual performance evaluation of the Board, its Committees and individual Directors
- Amended Whistle Blower Policy
- Amended Nomination and Remuneration policy
- Amended Corporate Social Responsibility Policy
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Next investment phase when capacity utilization touches 85%
- Increase renewable energy share from 40% to 75%
Short-term Goals:
- Sweat weaving and processing units through enhanced orders
- Enter premium supply chains addressing men’s Indian wear
Environmental Challenges
- Quality issues at factory operations
- Reduced demand due to geopolitical and economic pressures in North America and Europe
- Fluctuations in raw material prices
- Geopolitical instability, global economic slowdowns, high inflation and potential recessions
- Exchange rate volatility
- Supply chain disruptions
- Disaster risks
- Technology upgrades and R&D
Mitigation Strategies
- Hands-on engagement from top management to address challenges
- Developing new designs and exploring new distribution partners
- Inventory management practices and responsive procurement strategy
- Hedging policy
- Strengthened supply chain network
- Robust safety management policy
- Significant investment in R&D and modern technologies
Supply Chain Management
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI, HIGGS
Certifications: Better Cotton Initiative (BCI), HIGGS (FEM and FSLM), Global Recycled Standard (GRS), Sedex
UN Sustainable Development Goals
- Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed