SITI Networks Limited
Climate Impact & Sustainability Data (2016-04 to 2017-03, 2022-23)
Reporting Period: 2016-04 to 2017-03
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Stakeholder Responsibility
- Regulatory Compliance
Governance Achievements
- Implemented Whistle Blower & Vigil Mechanism Policy
- Adopted Code of Conduct for Board of Directors and Senior Management
- Established a Policy on Ethics at Work Place
- Approved Related Party Transaction Policy
- Approved Policy for determining Material Subsidiaries
- Formulated Insider Trading Code and Policy for Fair Disclosure of Unpublished Price Sensitive Information
- Implemented familiarisation program for Independent Directors
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-23
Environmental Metrics
ESG Focus Areas
- Customer Centricity
- Employee Well-being
- Responsible Business Practices
Social Achievements
- Launched Ubiattendance mobile app for sales employees, improving productivity.
- Continued employee engagement initiatives, rewards, and recognition programs.
- Organized a Leadership Meet for team building and strategic planning.
Governance Achievements
- Implemented NTO 3, complying with TRAI regulations.
- Appointed Vikram Singh Panwar as CFO.
Climate Goals & Targets
Short-term Goals:
- Achieve 100,000 broadband customers in Delhi.
Environmental Challenges
- Rise of streaming services impacting Cable TV purchasing patterns.
- Economic slowdown leading to TV package downgrades or deactivation.
- Defaults in repayment of bank loans, classified as NPAs.
Mitigation Strategies
- Introduced Broadband plans bundled with WATCHO (OTT Platform).
- Enhanced customer communication through SMS, CRM, and WhatsApp.
- Developed cost-effective variable sales model for Broadband.
- Discussions with lenders for debt restructuring.