Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Preventive healthcare
• Eradication of hunger
• Education
• Women empowerment
• Health and hygiene
• Skill development

Environmental Achievements

• Chhindwara textile unit won National Energy Management Award by Society of Energy Engineers & Managers (SEEM)
• Vapi textile unit won Gold Award for Environment Management awarded by GreenTech Foundation
• Vapi textile unit won “Grow Care India Environment Awards 2018” – Gold category
• Jalgaon textile unit won Greentech Safety Gold Award
• Installation of 650 KW Roof Top Solar Power plant in Vapi
• Utilization of 7.54 Lakh Units generated from Vapi Solar power plant

Social Achievements

• Up-skilled and certified over 20,000 tailors
• Launched 51 franchisee-based tailoring hubs, creating an annual conversion capacity of about 2 million meters of fabric
• Generated 3 million man-hours of employment in Khadi development, with 30% higher wages for weavers
• Opened first Khadi store in Kala Ghoda, Mumbai
• Created over 3 million hours of employability for Khadi artisans
• Added another school, Smt. Sunitidevi Singhania School at Thane

Governance Achievements

• Stepped down as Chairman of Raymond Apparel Limited to separate ownership and management
• Reconstituted the company’s leadership team with new board members
• Implemented a Whistle Blower Policy

Climate Goals & Targets

Environmental Challenges

• Subdued rural demand in the second half of the year
• Liquidity issues
• Moderated consumer sentiments
• Rising oil prices
• Trade wars between major global trading partners
• US monetary tightening
• Increase in wool and input costs
• Lower capacity utilization in Ethiopia plant
• Initial operating challenges in Ethiopia plant (staff training and plant stabilization)

Mitigation Strategies

• Price hikes in product offerings
• Re-engineered manufacturing processes to factor in rising input costs
• Supply chain initiatives and adoption of new technology platforms
• Asset monetization and foray into real estate development
• Measures taken to streamline operating challenges in Ethiopia plant

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• TechnoFresh fabric
• Raymond Blacks
• Lightweight jackets
• Auto fit shirts
• Anti-crease and stretchable fabrics
• 3D printed accessories
• Do-it-yourself clothing line

Awards & Recognition

• Top 80 Annual reports in Asia Pacific at LACP International awards
• Marketing Campaign of the Year at Indian Retail Awards 2018
• Most Admired Brand-Marketing & Promotion at India Fashion Forum
• Best Window Display Products & Collection at Global Awards for Retail Excellence
• Best Manufacturer Exporter awarded by Federation of Karnataka Chambers of Commerce & Industry
• Best Marketing Campaign of the year for “ParxHunt” initiative by Times Network
• CII- Excellent Energy Management Award -1st Prize in 2018
• FICCI Certification of Quality System Excellence in 2018
• CII-Most Innovative Environmental Project in 2018
• 3 awards in Retail, Jewelry, Fashion & Lifestyle at e4m Prime Time Awards

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Preventive healthcare
• Women empowerment

Environmental Achievements

• Vapi plant received ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and ISO 50001:2018 certificates
• Vapi plant produced sustainable fabric worth ₹17 Crore in FY19-20
• Chhindwara plant awarded Platinum HSE Award 2019
• Jalgaon Plant won Platinum Level Grow Care Safety Award 2019

Social Achievements

• Launched an exhaustive range of Personal Protective Equipment (PPE) offerings
• Launched a slew of personal hygiene products as well as skin friendly hand sanitizers and cleansers as a part of Raymond Care initiative
• Contributed towards the set-up of a 1000-bed COVID-19 hospital

Governance Achievements

• Implemented a Whistle Blower Policy
• Adopted Code of Business Conduct & Ethics
• Adopted an ‘Internal Code of Conduct for Regulating, Monitoring and Reporting of Trades by Designated Persons’

Climate Goals & Targets

Environmental Challenges

• Subdued consumer demand
• Impact of COVID-19 pandemic
• Planned trade channel stock correction in Branded Apparel

Mitigation Strategies

• Asset monetisation of the 20-acre land sale deal
• Cost rationalisation & cost control measures
• Deferred capital expenditure
• New cash management model ('Collect, Sell & Produce')
• Enhanced digital capabilities

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Organica wool and recycled polyester combination

Awards & Recognition

• Ethnix wins award for most admired fashion design concept & excellence
• Raymond Represents India, wins 2nd prize in World Tailoring event
• National Awards for Marketing Excellence at BTVI
• Raymond awarded “Best Product Manufacturer and Distributor”
• Chhindwara Plant: Excellence in Quality Management & Leadership
• Vapi Plant: Global Recycle Standard (GRS) certification
• Raymond is Winner of “Business Transformation through Technology”
• JK Files – Leading Emerging Indian Company of the Year Award
• JK Files – ‘India Engineering the Future’
• RPAL – Best Quality Performance
• Grow Care India Safety Gold Award 2019
• Multiple awards won for Annual Report 2019

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Litigation and claims against the company and group companies.
• Inability to promptly identify and respond to changing customer preferences or evolving fashion trends.
• Dependence on maintaining and enhancing awareness of our brands.
• Dependence on manufacturing facilities.
• Dependence on promoters, directors, and key managerial personnel.
• Lack of commissioned industry report for disclosures.
• Inability to obtain, renew, or maintain statutory and regulatory licenses, permits, and approvals.
• Interests of certain directors, key managerial personnel, and senior management.

Mitigation Strategies

• Investing in marketing initiatives for brand recall and awareness.
• Conducting data analytics and exploring fashion trends to introduce new products.
• Implementing various insurance policies.
• Leveraging technology solutions to enhance productivity and performance.
• Fostering a work environment that encourages continuous growth for employees.
• Ensuring compliance with statutory and regulatory requirements.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• India's Retail Champions 2024 award
• Emerging Retail Brand of the Year 2023-24
• Outstanding contribution to the Retail Industry
• Button Hole Award
• Excellent Award

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Human Rights
• Labor Standards
• Governance
• Supply Chain Sustainability
• Anti-Corruption

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Sustainable procurement practices
• Use of sustainable raw materials

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UNGC, UN Guiding Principles on Human Rights, ILO conventions