SecureKloud Technologies Limited
Climate Impact & Sustainability Data (2014-04 to 2015-03, 2016-2017, 2023-24)
Reporting Period: 2014-04 to 2015-03
Environmental Metrics
Social Achievements
- Conducted blood donation camp
Governance Achievements
- Adopted a Code of Conduct for Prevention of Insider Trading
- Established a Fraud Risk and Management Policy
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2016-2017
Environmental Metrics
Social Achievements
- Total Headcount increased by 115% last year to over 625.
- Implemented various people initiatives including STEP (Systematic Training for Effective Programming), Mitr (employee referral program), ComPass (mentorship program), SMile (social initiative), and WWW2 (knowledge-sharing sessions).
Governance Achievements
- Established a Vigil Mechanism and Whistle Blower Policy.
- Adopted a Code of Conduct for Prevention of Insider Trading.
Climate Goals & Targets
Environmental Challenges
- Execution risk in fixed-price contracts.
- Employee attrition and availability of skilled resources.
- M&A execution risk.
- Exchange rate risk due to US dollar denominated revenues.
- Investment risk related to intangible assets.
Mitigation Strategies
- Significant investments in platform (IP).
- Initiatives for employee development, entrepreneurship culture, and investments in recruitment and training.
- Stringent evaluation criteria, diligence parameters, and corporate governance practices for acquisitions.
- Regular impairment tests of intangible assets.
- Not disclosed
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Automaton
Awards & Recognition
- Forbes Top 8 Value Creators in 2016
Reporting Period: 2023-24
Environmental Metrics
ESG Focus Areas
- Sustainable cloud computing practices
Climate Goals & Targets
Environmental Challenges
- Loss of a major customer (approximately 33% of consolidated revenues)
- Continued operating losses raising substantial doubt about the ability to continue as a going concern
Mitigation Strategies
- Detailed plans to raise fresh equity capital and reduce costs to cut operating losses and make operations profitable