Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Completed installation of 12.38 MWp solar power plant, reducing power cost by 25%

Social Achievements

• Maintaining H.T.M High School at Hisar, promoting education and vocational training
• Launched vaccination drive for employees and their families during the COVID-19 pandemic

Governance Achievements

• Adherence to the highest standards of corporate governance, ensuring transparency and ethical standards

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic causing global disruption
• War in Ukraine escalating uncertainties in the supply chain and increasing input costs
• Labour shortage affecting operations
• Competition from other developing countries
• High volatility of cotton and yarn prices
• Rupee to US$ exchange rate fluctuations

Mitigation Strategies

• Vaccination drive for employees and families
• Close monitoring of cotton price movement and strategic buying
• Hedging activities to manage foreign exchange risk
• Increased worker training programs and strengthening operational efficiency

Supply Chain Management

Responsible Procurement

• Encouraging suppliers to adhere to high ethical standards and environmental practices

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and manufacturing mechanisms

Reporting Standards

Frameworks Used: GRI, BCI, GOTS, OEKO-TEX, ISO 9001:2015

Sustainable Products & Innovation

• Primero (premium 100% Cotton Combed Yarn)
• Dinero (premium 100% Cotton Carded Yarn)
• CCY (contamination controlled 100% cotton combed knitting yarn)

Environmental Metrics

ESG Focus Areas

• climate change and energy
• health and safety
• innovation
• corporate governance
• ethics
• integrity

Environmental Achievements

• Elevated total solar capacity to 16.855 MWP (14.23% increase from 14.755 MWp), resulting in cost reductions in power expenditures.

Social Achievements

• Established a fully functional globally recognized R&D Centre at DCM Nouvelle Specialty Chemicals Limited.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Slow global demand affecting export demand.
• Elevated cotton commodity prices impacting revenue.
• Sustained inflationary trends influenced by supply chain disruptions, rising energy & commodity prices, and government stimulus measures.

Mitigation Strategies

• Disciplined execution and maintaining trajectory within a highly dynamic market setting.
• Commissioned a new unit resulting in a 38% growth in spinning capacity.
• Introduced a new energy-efficient product, 'Futuro'.

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

• Futuro -Compact Yarn

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Human Rights
• Environment
• Integrity

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Health and Safety
• Labour Management
• Human Capital Development
• CSR
• Responsible Supply Chain
• Enhancement of Renewable Power
• Responsible Investment
• Business Ethics
• Climate Change
• Energy
• Safety
• Innovation
• Governance
• Ethics
• Integrity

Environmental Achievements

• Increased renewable energy share by 214% in FY 2023-24, consuming 74510.01 GJ from renewable sources.

Social Achievements

• Implemented various measures for employee well-being, including health insurance, accident insurance, and maternity benefits. Cost incurred on well-being measures was 81,98,997 INR in FY 2023-24.
• Provided training programs for employees on health and safety, skill upgradation, and other topics. Total training hours for employees in FY 2023-24: 353 (83% on health and safety, 23.51% on skill upgradation). Total training hours for workers in FY 2023-24: 1673 (67.18% on health and safety, 11.24% on skill upgradation).

Governance Achievements

• Adopted an 'Anti Bribery Policy'.
• Risk Management Committee responsible for decision making on sustainability related issues.

Climate Goals & Targets

Environmental Challenges

• Risks in corporate governance and conduct.
• Health and safety risks for employees and workers.
• Challenges in labour management and compliance.
• Risks in responsible supply chain.
• Risks related to business ethics.

Mitigation Strategies

• Periodical internal reviews, audits, and presentations on changes introduced by regulators.
• Regular health and safety training for all employees and workers.
• Ensuring complete compliance with all applicable labour rules and regulations.
• Building long-term relationships with key raw material suppliers and thorough due diligence process.
• Whistleblower policy and its deployment.

Supply Chain Management

Responsible Procurement

• Prioritizing local suppliers based on human rights, health and safety standards, business ethics, and environmental policies.

Climate-Related Risks & Opportunities