Climate Change Data

Monte Carlo Fashions Limited

Climate Impact & Sustainability Data (2022-2023, 2023-2024)

Reporting Period: 2022-2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:98828 (2022-23), 98056 (2021-22)
Water Consumption:70304 (2022-23), 69643 (2021-22)
Waste Generated:1565 (2022-23), 1400 (2021-22)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Ethical Business Practices
  • Sustainable Sourcing
  • Employee Well-being
  • Environmental Risk Management
  • Human Rights
  • Stakeholder Engagement
  • Consumer Engagement

Environmental Achievements

  • Increased share of renewable electricity through Rooftop solar generation
  • Optimizes water consumption through conservation, sewage treatment, reuse and rainwater harvesting
  • Installed 360 KLD Zero Liquid Discharge System

Social Achievements

  • Provided health insurance and accident insurance to employees and workers
  • Maternity leave with full salary for 6 months
  • Various training programs for employees and workers
  • Zero complaints related to Sexual harassment, Discriminatory employment, child labour, forced labour or any form of involuntary work

Governance Achievements

  • Robust mechanism for reporting illegal or unethical behavior
  • Whistle Blower Policy
  • Code of Conduct

Climate Goals & Targets

Environmental Challenges

  • Environmental regulations are becoming increasingly stringent
  • Human rights violations or non-compliance with statutory norms
Mitigation Strategies
  • Clearly articulated risk management framework to identify, assess, categorise, address and mitigate all relevant risks
  • Principles of human rights are followed in all the company’s manufacturing units

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Company’s Code of Conduct
  • Health, Safety and Sustainability initiatives

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: National Guidelines on Responsible Business Conduct (NGRBC)

Certifications: ISO 9001:2015, ISO 14001:2015 (in progress), ISO 45001:2018 (in progress)

Third-party Assurance: Namdhari Eco Energy Private Limited (Energy Audit)

Awards & Recognition

  • Superbrand for woollen Knitted apparels

Reporting Period: 2023-2024

Environmental Metrics

Total Carbon Emissions:Nil
Scope 1 Emissions:Nil
Scope 2 Emissions:Nil
Scope 3 Emissions:Nil
Renewable Energy Share:14.36%
Total Energy Consumption:7393843.96 Kwh
Water Consumption:65542 kilolitres
Waste Generated:1492 metric tonnes
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Ethical and Transparent Governance
  • Sustainable Products and Processes
  • Employee Well-being
  • Stakeholder Engagement
  • Human Rights
  • Environmental Protection
  • Inclusive Growth
  • Responsible Consumer Engagement

Environmental Achievements

  • Increased share of renewable electricity through rooftop solar generation.
  • Implemented sewage treatment and reuse, and rainwater harvesting.
  • Installed 360 KLD Zero Liquid Discharge System.

Social Achievements

  • Provided health insurance, accident insurance, and maternity benefits to employees and workers.
  • Conducted various training programs for employees and workers on fire fighting, first aid, health & safety.
  • Maintained 100% return to work and retention rates for employees and workers who took parental leave.

Governance Achievements

  • Implemented a Code of Conduct incorporating an anti-corruption and anti-bribery policy.
  • Established a Whistleblower Policy and Vigil Mechanism.
  • Board of Directors responsible for managing sustainable issues.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Maintaining ethical standards and complying with relevant laws and regulations.
  • Environmental risk management in the face of increasingly stringent regulations.
  • Human rights risks associated with violations or non-compliance.
Mitigation Strategies
  • Established a comprehensive risk management framework for environmental risks.
  • Adheres to human rights principles across all manufacturing units.
  • Implemented policies & procedures, ethics committee & helpline, whistleblower policy, and legal compliances.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable sourcing of fibres (over 40% sustainable fibre of total fibre consumed).
  • Company's Code of Conduct and Health, Safety and Sustainability initiatives for suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: National Guidelines on Responsible Business Conduct (NGRBC)

Certifications: ISO 9001:2015, ISO 14001:2015 (ISO 45001:2018 in progress)

Third-party Assurance: Not Applicable

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Use of sustainable fibres like cotton, jute, rayon, BCI cotton, recycled Polyester, liva (viscose), modal, tencil and bamboo fibre.

Awards & Recognition

  • 'Superbrand' for woolen knitted apparel