NAGREEKA CAPITAL & INFRASTRUCTURE LIMITED
Climate Impact & Sustainability Data (2017-04 to 2018-03, 2019-04 to 2020-03)
Reporting Period: 2017-04 to 2018-03
Environmental Metrics
Governance Achievements
- Implemented a system of evaluating performance of the Board of Directors and its Committees and individual Directors.
Climate Goals & Targets
Environmental Challenges
- Disrupted business in the textile chain due to the launch of GST.
- Reduced imports of raw cotton and yarn due to China's policy to reduce cotton reserves.
- Inherent risk in the cotton textile and yarn industries due to seasonal raw materials and fluctuating cotton acreage.
- Unavailability of skilled and semi-skilled workers and their erratic absenteeism.
Mitigation Strategies
- Successfully dealt with factors affecting the business during the year.
- Well-defined internal control policy and system with regular internal audits and checks.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2019-04 to 2020-03
Environmental Metrics
Governance Achievements
- Implemented a system of evaluating performance of the Board of Directors and its Committees and individual Directors.
- Framed a Whistle Blower Policy for its Directors and Employees.
Climate Goals & Targets
Environmental Challenges
- Liquidity crisis in the NBFC sector.
- COVID-19 pandemic impact on the Indian and International business environment.
Mitigation Strategies
- Focus shifted to ensuring the health and well-being of all employees, and on minimizing disruption to services for all customers.
- Cautious approach towards fresh business and focus on shoring up liquidity.