Climate Change Data

Indo Count Industries Limited

Climate Impact & Sustainability Data (2022-04-01 to 2022-06-30, 2023-24)

Reporting Period: 2022-04-01 to 2022-06-30

Environmental Metrics

ESG Focus Areas

  • Climate change
  • Water use efficiency
  • Sustainable sourcing (BCI cotton, organic cotton, ELS cotton)
  • Social infrastructure development
  • Sustainable development goals (SDGs)

Environmental Achievements

  • Received CII National Awards for excellent contribution with respect to improving water use efficiency and integrated approach in wastewater management
  • Adopted SBTi’s globally accepted methodology for emissions calculation and received approval for Emissions Target in June-22
  • Released first ESG Report - 2021

Social Achievements

  • Launched Project Gagan for BCI cotton to implement long-lasting alternatives to current agricultural practices
  • Launched Project Avani to promote Organic Cotton, sustainable social infrastructure and support systems for the farming community
  • Launched Project Anant for ELS (Extra Long Staple) Cotton to provide support and proper training to farmers

Governance Achievements

  • Became a member of the United Nations Global Compact and committed to integrating UNGC’s Principles into the organizational culture

Climate Goals & Targets

Environmental Challenges

  • Inflationary environment in USA
  • Sluggish customer off-take
  • Rise in overall input prices
Mitigation Strategies
  • Focus on value-added products and customer services
  • Initiatives on Branded businesses, B2C, D2C and Domestic market

Supply Chain Management

Responsible Procurement
  • Project Gagan (BCI cotton)
  • Project Avani (Organic Cotton)
  • Project Anant (ELS Cotton)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SBTi

Awards & Recognition

  • TEXPROCIL Export Award 2020-2021 (Gold Trophy)
  • Certificate of appreciation from JCPenney
  • CII National Awards for water use efficiency and wastewater management

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:185,242.7 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:185,242.7 tCO2e/year
Scope 2 Emissions:105,108 tCO2e/year
Scope 3 Emissions:133,235.7 tCO2e/year
Renewable Energy Share:21.5 MW (total renewable energy capacity)
Total Energy Consumption:686,025.1 MWh/year (non-renewable)
Water Consumption:1.33 Million cubic meters/year (net freshwater consumption)
Waste Generated:2519.7 tons/year (disposed)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced emissions by 6.2% (Kg CO2/Kg of production) compared to FY2022-23
  • Total renewable energy capacity reached 21.5 MW
  • Bhilad unit operates on 90% renewable power
  • Increased biogas Genset output to 250 KVA
  • Improved water efficiency, using 39 KL/MT compared to 45.4 KL/MT in FY 2022-23
  • Established an Effluent Treatment Plant (ETP) at Kagal facility

Social Achievements

  • Spent ₹23.44 crore on CSR initiatives over the past five years
  • Implemented an online performance management system for all permanent employees
  • Conducted various health programs across all locations
  • Offered 26 weeks of paid parental leave for the primary caregiver

Governance Achievements

  • Board gender diversity of 9%
  • Board Independence 63%
  • No corruption or bribery breaches in FY2023-24
  • No discrimination or harassment breaches in FY2023-24

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2040
Medium-term Goals:
  • Reduce energy emissions by 15% using renewable energy sources by 2025
  • Increase the share of sustainably procured material to 60% by 2030
  • Achieve Zero Liquid Discharge (ZLD) by 2030
  • 100% sustainable sourcing of packaging material by 2030
Short-term Goals:
  • Zero waste to landfills by 2025

Environmental Challenges

  • Raw material price fluctuations and scarcity
  • Environmental degradation from textile manufacturing
  • Climate change impacts on operations and supply chains
  • Inadequate governance frameworks
  • Regulatory non-compliance
  • Litigation risk
Mitigation Strategies
  • Supplier diversification and strategic partnerships
  • Sustainable sourcing practices
  • Robust regulatory compliance framework
  • Regulatory watch program and compliance audits
  • Proper inventory control system
  • Hedging against commodity price movements
  • Investment in technology and sustainable practices
  • Participation in sustainability initiatives
  • Stakeholder engagement

Supply Chain Management

Supplier Audits: 47 suppliers assessed in FY2023-24 (target 50)

Responsible Procurement
  • Supplier Code of Conduct
  • ESG criteria in supplier selection and contract awarding

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
  • Flooding
  • Raw material supply disruptions
Transition Risks
  • Regulatory changes
  • Market shifts
  • Consumer and regulatory pressure for sustainable practices
Opportunities
  • Development of energy-efficient products
  • Renewable energy expansion

Reporting Standards

Frameworks Used: UN SDGs (9), GRI, BRSR

Certifications: ISO 14001, ISO 45001, ISO 9001:2015

Third-party Assurance: Intertek

Sustainable Products & Innovation

  • Pure Earth dyes products
  • Carbon neutral Tencel products
  • Recycled PET fiber products
  • Wrinkle-free products
  • Quick-dry products
  • Freshness-enhanced products
  • Rekoop product line

Awards & Recognition

  • Giga-Gurus and Sparking Change Suppliers (Walmart Project Gigaton)