Climate Change Data

Electronics Mart India Limited

Climate Impact & Sustainability Data (2023-24)

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:22609.97 tCO2e/year
Scope 1 Emissions:1060.08 tCO2e/year
Scope 2 Emissions:21649.97 tCO2e/year
Scope 3 Emissions:4712.90 tCO2e/year
Total Energy Consumption:116594.61 MWh/year
Water Consumption:72844.88 m3/year
Waste Generated:1407.50 tons/year

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Installed solar panels across offices and retail outlets, significantly increasing renewable energy use.
  • Installed Reverse Osmosis systems in outlets to decrease reliance on bottled water.
  • Offsetting carbon footprint through a green belt initiative.

Social Achievements

  • Established an ESG committee to oversee sustainability initiatives.
  • Implemented various initiatives to lower energy consumption, such as optimising equipment usage and upgrading to energy-saving models.
  • Prioritising employee well-being leads to increased engagement, productivity, and commitment, fostering improved customer service and loyalty. Specific traning offering targeted training to boost employee performance and implementing a system of awards and recognition to acknowledge outstanding contributions.

Governance Achievements

  • Established an ESG committee to oversee and strategise sustainability initiatives.
  • Successfully installed solar power plants at several outlets.

Climate Goals & Targets

Environmental Challenges

  • Energy consumption in stores and company-owned locations can lead to increased costs and GHG emissions.
  • Global supply chains expose businesses to quality control issues, supplier ethics concerns, and currency fluctuations. Supply chain disruptions can lead to inventory shortages and delivery delays.
  • Occupational health and safety risks in retail encompass potential accidents, injuries for employees. Failure to address these risks can result in worker injuries, increased workers' compensation claims, legal liabilities.
  • The handling of vast customer data, including sensitive personal and payment information, means that any data breach could have severe consequences, including financial loss, legal penalties, and damage to reputation. Furthermore, failure to uphold privacy standards can erode customer trust, leading to potential loss of business and affecting the Company’s long-term viability.
Mitigation Strategies
  • Prioritise energy efficiency. Implemented various initiatives to lower overall consumption, such as optimising equipment usage and upgrading to energy-saving models. Actively investing in renewable energy sources to power operations.
  • Extended core policies to encompass the entire value chain. This ensures that all partners and suppliers operate in alignment with the company’s cornerstones, fostering responsible practices throughout the network.
  • Conduct regular internal audits to stay ahead of potential occupational risks. These in-depth assessments allow us to identify and address the most critical hazards within our operations before they can impact our workforce.
  • Implemented a robust IT policy that covers all phases of the data lifecycle, including acquisition, use, storage, and disposal. This ensures data protection at each level. Our 'Defence in Depth' strategy adds multiple layers of security measures, creating a more robust protection system. We place great emphasis on personnel and customer data security, training employees about safe data handling practices and employing advanced encryption for customer data. Additionally, we comply with all local and international data privacy laws and regulations to maintain the highest level of data security.

Supply Chain Management

Responsible Procurement
  • Careful assessment of potential vendors during selection, evaluating their compliance history with regulations like ESIC and EPF. Contracts explicitly state the obligation of partners to adhere to all statutory requirements. Regular monitoring, including requesting copies of challans (payment receipts) for deductions like ESIC and Provident Fund. Cross-checking challans with the previous month’s attendance register to verify accuracy. On-site visits may be conducted to confirm documentation and adherence to labor laws. A defined escalation process exists for identified discrepancies.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR