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)