Climate Change Data

Salona Cotspin Limited

Climate Impact & Sustainability Data (2020-03 to 2021-03, 2021-04 to 2022-03, 2023-03-31, 2023-04 to 2024-03)

Reporting Period: 2020-03 to 2021-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Installed 1.350 MW Capacity of Solar Power Plant on Roof top at factory premises for captive consumption, leading to reduction in power cost.

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Install two more Ring frame with compact equipment and Knitting Machine for manufacturing value-added products.

Environmental Challenges

  • Lockdown imposed by both Central and State government on account of global pandemic virus COVID19 impacted manufacturing activities from March 24, 2020 to May 5, 2020.
  • Dislocation of workers due to COVID-19 posed a threat of manpower shortage.
  • Lower utilization levels due to lockdown and phased relaxations affected performance.
Mitigation Strategies
  • Company commenced operations from May 6, 2020 with minimum workforce.
  • Cost reduction measures, improving productivity and exploring new markets, maintaining high quality are underway.

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

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2021-04 to 2022-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Green energy generated was 65.57 Lakh units (net) of wind electricity and 12.98 Lakh Units generated through Solar Power Plant (Roof Top) at factory premises. Installed 2.00 MW capacity of Solar Power Plant (Ground Mounting).

Social Achievements

  • Not disclosed

Governance Achievements

  • Established a vigil mechanism for directors and employees to report concerns about unethical behaviour, actual or suspected fraud or violation of the Company’s code of conduct or ethics.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Mismatch of prices of cotton (raw material) and prices of yarn (finished goods).
  • Price fluctuation in both domestic and import cotton.
  • Power cost fluctuations.
Mitigation Strategies
  • Cost reduction measures, improving productivity and exploring new markets, maintaining high quality.
  • Captive consumption of wind electricity to reduce power costs.

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

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023-03-31

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Environmental Achievements

  • Increased green energy generated to 69.87 Lakh units (net) of wind electricity from 65.84 Lakh units in the previous year and 36.01 Lakh Units (Previous Year 34.34 Lakh Units) was generated through Solar Power Plant (Ground Mounting) at Thaligai Village, Velagoundampatti, Namakkal District, Tamil Nadu for Captive Consumption. Further the Company has installed one number Wind Electric Generator to the capacity of 2.10 MW at Deri Village, Jamnagar District, Gujarat and the energy generated 39.01 Lakh Units(net) from July 2023 to March 2024.

Climate Goals & Targets

Environmental Challenges

  • Mismatch of prices of cotton (raw material) and prices of yarn (finished goods) in the Spinning segment of the textile industry.
  • Higher interest cost affecting margin.
  • Price fluctuation in both domestic and imported cotton.
  • Disruption in the supply and / or violent changes in the cost structure affecting profitability.
  • Power cost affecting cost structure.
Mitigation Strategies
  • Cost reduction measures, improving productivity and exploring new markets, maintaining high quality.

Supply Chain Management

Climate-Related Risks & Opportunities