Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Energy Conservation
• Waste Reduction
• Employee Diversity

Environmental Achievements

• Installed a Zero Discharge Effluent Treatment plant
• Reduced energy consumption through daily practices

Social Achievements

• Improved employee diversity at the workplace

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on volumes and market volatility
• Fluctuation in raw material prices
• Supply chain disruptions
• Global economic slowdown
• Foreign currency fluctuations
• Competition in the fashion industry
• Environmental risks from chemicals

Mitigation Strategies

• Cost-cutting measures
• Direct procurement of raw materials from farmers
• Regular maintenance of manufacturing units
• Contingency plans
• Monitoring market forces and adapting policies
• Hedging against foreign currency risks
• Innovation in shades, fabrics, and textures
• Adherence to safety norms and regulations

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015, ISO 14001:2015, BCI, GOTS, OEKO-TEX

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Tough economic conditions
• COVID-19 pandemic impacting operations

Mitigation Strategies

• Numerous innovative and state-of-the-art technological measures undertaken for driving efficiencies in running its preschool and K-12 school operations

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Zero liquid discharge company
• Significant measures to lower waste generation
• Facilities are Oeko Tex 100, GOTS 5.0 and BCI certified
• Developing a sustainable product range with fibre blends such as Tencel, Rayon and Exell
• Carbon neutral Company
• Implemented measures to support condensate recovery from processed water
• Focus on reducing energy requirements
• Installed solar panels
• Installed inverters to reduce energy consumption
• Opted for LED lights

Social Achievements

• Several health and education programmes for our communities
• Conducive work environment
• Several employee engagement initiatives
• Zero tolerance for discrimination
• Prioritise the health and safety of our people
• Supply protective clothing, helmets, goggles, and other Personal Protective Equipment (PPE)

Governance Achievements

• Robust governance framework
• Streamlined reporting mechanism
• Robust and equitable corporate governance practices
• Transparency and open communication with stakeholders

Climate Goals & Targets

Environmental Challenges

• Rising cotton prices
• Supply chain disruptions
• Multidecadal inflation

Mitigation Strategies

• Improving working capital management and operational efficiencies
• Integrated business model
• Upgrading and expanding our current capacity to cater to the needs of our customers
• Introducing new weave designs and several innovative product designs that conserve water
• Developing super stretch and two-way stretch denims

Supply Chain Management

Responsible Procurement

• Zero tolerance for suppliers who use child labour

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BCI, GOTS 5.0, Oeko Tex Standard 100

Sustainable Products & Innovation

• Eco Roots
• Stay Dark
• 4-Dimensional Stretch
• Eco Print
• Hemp Denim

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed solar panels for electricity generation
• Built a Zero liquid discharge plant where the entire water supply is reused
• Minimized wastage by utilizing leftover material
• Created a massive green cover in and around facilities
• Member of the ‘Better Cotton Initiative’ and received ‘Global Organic Textile Standard’ certificate

Social Achievements

• Organized ‘Robotex India’, a robotics festival
• CSR activities focused on promoting education
• Improved capacity utilization in Dholi unit from 65% in FY21 to 85% in FY22
• Expanding footprints in Europe and Latin America

Governance Achievements

• Implemented a Code of Conduct for all Board Members and Senior Management Personnel
• Framed a Whistle Blower Policy
• Framed a policy on materiality of related party transactions and dealing with Related Party Transactions

Climate Goals & Targets

Environmental Challenges

• Rising inflation, higher tax rates, rising price of cotton, shortage of skilled labour
• Uncertainty over physical retail
• Labour reliance
• Impact of COVID-19 pandemic

Mitigation Strategies

• Cost restructuring exercise
• Exploring export opportunities
• Strengthening liquidity position
• Focusing on increasing top line and bottom line
• Expanding reach, striving for operational excellence, optimising cost, improving return ratios, maintaining healthy balance sheet position
• Building strategic and long-term tie-ups with global retail brands for direct sales

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 20% Reduction in energy usage
• 5MT Reduction in consumption of steam
• 250 KLD Water recycled
• 95-96% Recovery of water from RO plant
• 50,000 Trees planted
• Reduction in water consumption by 20 to 25 percent

Social Achievements

• Active involvement in educational welfare initiatives
• Providing educational resources, scholarships, and coaching classes
• Organising robotics workshops

Governance Achievements

• Established several board committees
• Separation of chairman and CEO positions
• Implemented a robust policy on Related Party Transactions

Climate Goals & Targets

Environmental Challenges

• Competition risk
• Exchange rate risk
• Technology risk
• Raw material price inflation risk
• Inadequate raw material supply
• Infrastructure bottlenecks
• Shortage of labourers

Mitigation Strategies

• Extensive research and development efforts
• Strategic partnerships
• Regular oversight of currency exposure
• Efficient currency trading approach
• Risk management program
• Cost optimization, product localization, supply chain efficiency enhancement, and material yield improvement
• Technological advancements
• Automation

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Most Iconic Brand in Denim Manufacturing

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced water usage and water discharge by 5%
• Generated 4,552,046 units from wind mill projects
• Generated 301,724 units from solar systems
• Planted 5,000 trees
• Increased condensate recovery reuse from 50% to 60%

Social Achievements

• Organized employee engagement initiatives
• Conducted safety audit and fire safety audit
• Implemented stringent safety measures (safety training, first aid, PPEs, access to doctors and psychologists)

Governance Achievements

• Established Common Effluent Treatment Plant (CETP) to control water pollution
• Implemented extensive tree plantation activity

Climate Goals & Targets

Environmental Challenges

• Shifting consumer preference towards safe & sustainable products
• Stringent regulatory environment on chemical sustainability
• Retaining talent and ensuring fair labor practices
• Energy costs and GHG emissions
• Raw material price fluctuations due to weather conditions
• Stringent environmental regulations

Mitigation Strategies

• Engaged with vendors and suppliers for safer, sustainable products
• Implemented 2 MW Wind Mill Power Project and planning for solar rooftop system
• Implemented stringent safety measures
• Strategic cotton purchasing plan
• Water reuse and recycling through ETP, RO, and STP
• Developed alternative sourcing strategies

Supply Chain Management

Responsible Procurement

• Sustainable sourcing of organic cotton, fair trade cotton, BCI Certified Cotton, and recycled Polyester

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: BRSR

Certifications: OEKO-TEX Standard 100, GOTS 5.0, BCI

Sustainable Products & Innovation

• Sustainable product range with Tencel, Rayon, and Excel fibers