Climate Change Data

Rushil Decor Ltd.

Climate Impact & Sustainability Data (2023-24)

Reporting Period: 2023-24

Environmental Metrics

Scope 1 Emissions:3683.88 Metric tonnes of CO2 equivalent (2023-24); 3,508.46 Metric tonnes of CO2 equivalent (2022-23)
Scope 2 Emissions:52519.77 Metric tonnes of CO2 equivalent (2023-24); 55,872.10 Metric tonnes of CO2 equivalent (2022-23)
Water Consumption:2,89,538 kilolitres (2023-24); 2,81,105 kilolitres (2022-23)
Waste Generated:2944.55 metric tonnes (2023-24); 2,733.32 metric tonnes (2022-23)
Carbon Intensity:66.59 MTCO2e/crore rupees (2023-24); 70.83 MTCO2e/crore rupees (2022-23)

ESG Focus Areas

  • Environmental Sustainability
  • Community Development
  • Employee Well-being

Environmental Achievements

  • Cultivated 27,000 hectares of land and supported plantation efforts for approximately 15 Million farmers
  • Planted around 140 Million trees in Karnataka and Andhra Pradesh
  • Implemented various energy conservation measures resulting in power cost savings

Social Achievements

  • Strategic entry into the eco-friendly plywood segment using wood from agroforestry practices
  • Ongoing training and team-building activities for employee well-being and retention
  • CSR initiatives in areas of Animal Welfare, Promoting Education, Preventive Health Care, Sanitation and safe drinking water, Eradicating Hunger, Poverty and Malnutrition (food supply), Empowering Woman and Economically backward group, Setting up Old age homes and such other facilities for senior citizen

Governance Achievements

  • Implemented robust Risk Management Policy
  • Established a Vigil Mechanism / Whistle Blower Policy
  • Complied with Secretarial Standard 1 and 2 issued by the Institute of Company Secretaries of India (ICSI)

Climate Goals & Targets

Long-term Goals:
  • Develop a well-defined ESG framework with key goals and targets
Medium-term Goals:
  • Achieve a turnover of ` 2,500 Crore
Short-term Goals:
  • Elevate average total utilisation level to exceed 90%

Environmental Challenges

  • Fluctuations in raw material prices
  • Intense market competition
  • Changes in Government regulations
  • Supply chain disruptions
  • Economic downturns
  • Changing consumer preferences
  • Unorganised sector competition
  • Infrastructure challenges
  • Counterfeit products
Mitigation Strategies
  • Supplier diversification
  • Focus on premium market segment and exports
  • Brand visibility enhancement
  • Capacity expansion
  • Product innovation
  • Proactive monitoring of regulatory changes
  • Robust compliance programs
  • Improved market reach and expansion efforts
  • Operational discipline and cost control
  • Robust cash flow generation
  • Investment in R&D and employee upskilling
  • Creditworthiness evaluation and collection monitoring
  • Agroforestry for raw materials
  • Strategic plant locations

Supply Chain Management

Responsible Procurement
  • Sustainable sourcing
  • Local procurement

Climate-Related Risks & Opportunities

Opportunities
  • Agroforestry
  • Energy efficiency improvements
  • Renewable energy integration

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001, ISO 14001, ISO 18001, Singapore Green Label, Bureau of Indian Standards IS 2046:1995, Bureau of Indian Standards for MDF Board

Sustainable Products & Innovation

  • Eco-friendly MDF
  • Eco-friendly plywood