Celebrity Fashions Limited
Climate Impact & Sustainability Data (2016-04 to 2017-03)
Reporting Period: 2016-04 to 2017-03
Environmental Metrics
Governance Achievements
- Established a vigil mechanism and whistleblower policy.
- Set up an Internal Complaints Committee (ICC) to address sexual harassment and discrimination complaints.
Climate Goals & Targets
Environmental Challenges
- Cascading effects of Chennai floods impacting earnings (incremental costs and revenue loss).
- A rear minimum wages payment of Rs.5.78 crs.
- Short settlement of flood claim (Rs.1.14 crs).
- Retrospective levy of interest on loans (Rs.2.44 crs).
Mitigation Strategies
- Sustained marketing efforts, internal productivity improvements, and cost rationalization.
- Relocation of partial capacities to a DTA unit (expected benefits: incremental export incentives and business portfolio rejigging).