Climate Change Data

Environmental Metrics

ESG Focus Areas

• Conservation of Energy
• Corporate Social Responsibility (CSR)
• Human Resources

Environmental Achievements

• Significant measures taken to reduce energy consumption by using energy-efficient equipment. Regular review of power consumption patterns across all locations and implementation of improvements/changes to optimize energy/power consumption.

Social Achievements

• Company treats its human resources as one of its most important assets. Continuous investment in attraction, retention and development of talent. Programs providing focused people attention are underway. Thrust on internal talent promotion through job rotation and job enlargement.

Governance Achievements

• Adherence to Corporate Governance practices, ethical leadership, transparent and accountable communication with stakeholders. Compliance with Clause 49 of the Listing Agreement and Voluntary Corporate Governance Guidelines.

Climate Goals & Targets

Environmental Challenges

• Economic crisis impacting the gems and jewellery industry.
• Recession as a major threat to the jewellery industry (luxury item).
• Entry of competitors (China, Sri Lanka, Thailand) in the small diamond segment.
• Unusual increase in gold prices.
• Depreciating value of Rupee impacting diamond prices.

Mitigation Strategies

• Focus on optimizing cost efficiencies to cope with the economic crisis.
• Exporting products to competitive global markets (U.S.A., Hong Kong, Middle East).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Community Development
• Education
• Healthcare
• Environment
• Social Empowerment
• Infrastructure Development

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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

Environmental Metrics

Environmental Achievements

• Even though its operations are not energy-intensive, significant measures are taken to reduce energy consumption by using energy-efficient equipment.

Governance Achievements

• The Board has laid down Codes of Conduct for Executive Directors and for Non-Executive/ Independent Directors of the Company.

Climate Goals & Targets

Environmental Challenges

• The Company has faced technical difficulties in filing eforms on MCA portal and hence the same were pending.
• Due to some technical reasons, the website of the Company faced some difficulties in proper functioning; however the said issues were sorted out and the website is working effectively.

Mitigation Strategies

• The Company has appointed Whole time Company Secretary in employment w.e.f. 21st March 2016.
• The said issues were sorted out and the website is working effectively.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• Even though its operations are not energy-intensive, significant measures are taken to reduce energy consumption by using energy-efficient equipment.
• The Company regularly reviews power consumption patterns across all locations and implement requisite improvements/changes in the process in order to optimize energy/ power consumption and thereby achieve cost savings.

Social Achievements

• The Company is committed to discharging its social responsibility as a good corporate citizen.
• The Company has adopted a policy for prevention of Sexual Harassment of Women at workplace and has set up Committee for implementation of said policy.

Governance Achievements

• The Board of Directors has framed a policy which lays down a framework in relation to Corporate Social Responsibility of the Company.
• The Company has implemented a comprehensive ‘Enterprise Risk Management’ framework in order to understand the risks they are exposed to, put controls in place to counter threats, and effectively pursue their objectives and further to anticipate, idenify, measure, mitigate, monitor and report the risks

Climate Goals & Targets

Environmental Challenges

• Large Presence of Unorganized Sector
• Technological constraints
• Increased competition

Mitigation Strategies

• The share of the unorganized sector in the Indian GJ business is declining.
• The Indian government has provided an impetus to the gems and jewellery industry with its foreign trade policies: 100 per cent foreign direct investment (FDI) in gems and jewellery allowed through the automatic route.
• Setting up of SEZs and gems and jewellery parks to promote investment in the sector.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• Significant measures are taken to reduce energy consumption by using energy-efficient equipment. The Company regularly reviews power consumption patterns across all locations and implement requisite improvements/changes in the process in order to optimize energy / power consumption and thereby achieve cost savings.

Governance Achievements

• The Board has carried out an annual performance evaluation of its own performance, the directors individually as well as the evaluation of the working of its Committees.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Declining sales figures due to weak domestic demand and falling exports.
• Supply chain disruptions due to COVID-19 pandemic and lockdowns.

Mitigation Strategies

• Significant cost control measures.
• Focus on exports.
• Established world-class safety measures and preventive protocols at all locations, prioritizing employee health and safety.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Risks associated with operating in a particular industry and include risks arising from demand changes, changes in customer’s choice and industry changes.
• Gold price fluctuation risk
• Forex risks

Mitigation Strategies

• The Company has adequate internal control procedures commensurate with the size of the Company and the nature of its business for purchase of stores, raw materials, components, plant and machinery, equipment and other assets, and for the sale of goods.
• The Company also has in place an Audit Committee to have a periodic overview of the internal control procedures of the Company.

Supply Chain Management

Climate-Related Risks & Opportunities