Climate Change Data

Imagicaaworld Entertainment Limited

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

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:6279.23 tCO2e/year
Scope 1 Emissions:1,223.01 tCO2e/year
Scope 2 Emissions:5056.22 tCO2e/year
Renewable Energy Share:59.65%
Total Energy Consumption:92.25 Lakhs kWh/year
Water Consumption:4,64,315 kiloliters/year
Waste Generated:662.69 metric tons/year
Carbon Intensity:0.25 Metric tons of CO2 equivalent per rupee of turnover

ESG Focus Areas

  • Customer Experience and Satisfaction
  • Product Quality and Safety
  • Energy Management
  • Water and Waste Management
  • Employee well-being, training and Retention

Environmental Achievements

  • Power Consumption through Open Access (Solar & Wind Power) was 92.25 Lakhs kWh which is 59.65% of the total power consumption of the premises.
  • Setting up a captive solar power plan, expected to result in substantial savings in the power costs.

Social Achievements

  • 31 training sessions were conducted during the year covering various topic areas (Prevention of Sexual Harassment, Health & Safety, Employee skill development, Prevention of Insider Trading, Guest Experience enhancement)
  • The Company provides group mediclaim policies to all our employees.
  • The Company conducts employee skill development training programs.

Governance Achievements

  • Successful implementation of Resolution Plan
  • Board of Directors is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors including Woman Director.

Climate Goals & Targets

Short-term Goals:
  • Reducing carbon footprint by moving to more renewable energy sources

Environmental Challenges

  • Seasonal business affected by weather conditions, school vacations, public holidays and weekends.
  • Changes in public and consumer tastes or a decline in discretionary consumer spending, consumer confidence and general economic conditions.
  • Incidents or adverse publicity concerning the parks or the theme or the water park industry generally could harm Company’s brands or reputation as well as negatively impact the business.
  • Impact of Epidemics and Pandemics
  • Finding skilled manpower having experience of the industry is challenging.
Mitigation Strategies
  • Focus on F&B and retail & merchandise operations by targeting the per capita spending of guests.
  • Monetise the crowd movement in the parks by offering sponsorship opportunities to advertisers.
  • Market its facilities as a suitable venue for hosting wedding receptions, parties, conferences and meetings and other corporate events.
  • Increasing awareness of the parks, and ‘Imagicaa’ brand through effective media and marketing campaigns.
  • Offering a variety of ticket options and disciplined pricing and promotional strategies.
  • Adding new options especially for evening entertainment.
  • Developing a very strong on-job training and development program.

Supply Chain Management

Responsible Procurement
  • Procures materials only from vendors who fulfil 100% of legal requirements.

Climate-Related Risks & Opportunities

Awards & Recognition

  • Guinness World Record – 2022
  • Trip Advisor’s Travellers Choice Award - 2020
  • FICCI Travel & Tourism Excellence Award - 2019
  • VFS Global Times Travel Awards 2019
  • IAAPI National Awards For Excellence 2018-2019
  • India’s Retail Champions Award 2019
  • ET Business Icons February 2019
  • Guinness World Records – February 2019
  • LIMCA BOOK OF RECORDS – 2018
  • HICSA Awards 2016

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:5772.45 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:902.09 tCO2e/year
Scope 2 Emissions:4,870.36 tCO2e/year
Renewable Energy Share:64.84% (Khopoli premises)
Total Energy Consumption:70,403.75 MWh/year
Water Consumption:4,79,368.15 m3/year
Waste Generated:657.93 tons/year
Carbon Intensity:0.0038792162618 tCO2e per footfall (Scope 1 & 2)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced carbon footprint by transitioning to renewable energy sources and minimizing the use of plastic. Currently sources nearly 60% of its energy needs from renewable sources. Setting up an 8 MW captive solar project.
  • Implemented in-house green initiatives to optimize the operations of rides and attractions, thereby reducing energy consumption.
  • Installed EV charging stations for electric vehicles and motion control lights.

Social Achievements

  • Developed a very strong on-job training and development program.
  • Provides employee friendly transport and local stay facilities.
  • Offers group mediclaim policies to all employees.
  • Conducts skill development training programs for employees.
  • Acknowledges and rewards long-term service of employees.
  • Provides flexible working hours and work-from-home options.

Governance Achievements

  • Established an ESG Committee to focus on sustainability.
  • Complied with the Corporate Governance requirements as enshrined in the Companies Act, 2013 and SEBI Listing Regulations.
  • Implemented a Vigil Mechanism/ Whistle Blower Policy.

Climate Goals & Targets

Medium-term Goals:
  • Continue to focus on increasing the number of guests hosted at the parks
  • Increase profitability and achieve cost optimisation
Short-term Goals:
  • Expand in newer geographies
  • Develop Imagicaa, Khopoli, as an Integrated Holiday Destination
  • Increase the number of guests hosted at the parks
  • Diversify revenue streams

Environmental Challenges

  • Seasonal nature of the business, affected by weather conditions, school vacations, public holidays and weekends.
  • Changes in public and consumer tastes or a decline in discretionary consumer spending.
  • Incidents or adverse publicity concerning the parks.
  • Impact of epidemics and pandemics.
  • Finding skilled manpower with experience in the industry.
Mitigation Strategies
  • Marketing strategies to draw larger audiences.
  • Adapting to changes in consumer tastes and preferences.
  • Implementing a comprehensive security and safety plan.
  • Developing a strong on-job training and development program.
  • Implementing a comprehensive risk management policy.

Supply Chain Management

Responsible Procurement
  • Procures materials only from vendors who fulfil all legal requirements.

Climate-Related Risks & Opportunities

Awards & Recognition

  • Bureau of Indian Standard Recognition for Esteemed Licensee for Outstanding Commitment to Quality
  • Label & License Awards 2023 – Best Merchandise by Theme & Amusement Park
  • IAAPI National Excellence Awards 2023-24 – 2 awards
  • Guinness World Record – 2022 - Most number of people unboxing simultaneously
  • Trip Advisor’s Travellers Choice Award - 2020
  • FICCI Travel & Tourism Excellence Award - 2019
  • VFS Global Times Travel Awards 2019 - Winner – Adventure Attraction Sector
  • IAAPI National Awards For Excellence 2018-2019 – 5 awards
  • India’s Retail Champions Award 2019 – Winner – Entertainment Category
  • ET Business Icons February 2019 – Winner – Preferred Themed Entertainment Destination
  • Guinness World Records – February 2019 – Most number of faces (258) washed by P&G at Imagicaa
  • LIMCA BOOK OF RECORDS – Largest collection and distribution of Toys Drive(2018)
  • HICSA Awards 2016 – Best New Hotel of the Year – Novotel Imagicaa Khopoli
  • India’s Most Attractive Brands – Entertainment Category – Rank 1 (2015)
  • India’s Most Trusted Brands 2015 – Theme Park category
  • TripAdvisor’s Traveller’s Choice Awards 2015
  • OTM Award for Excellence – Most Promising New Destination Award (2015)