Vikas Lifecare Limited
Climate Impact & Sustainability Data (2022-2023, 2023-04 to 2024-03)
Reporting Period: 2022-2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Manufacturing facility operating at minimal capacity utilization due to the COVID-19 pandemic.
- Shortfall in supply of raw materials or increase in raw material costs.
- Negative cash flow in the past.
- Negative profits in the past.
- Increased competition in a highly fragmented industry.
- Potential misconduct or errors by manpower.
- Past delays and non-filings of certain forms required by the Companies Act, 2013.
- Contingent liabilities.
- Related party transactions.
Mitigation Strategies
- Seeking to source raw materials from multiple suppliers.
- Improving operational efficiencies and achieving cost reductions.
- Focusing on attracting and retaining talented employees.
- Investing significantly in research and development.
- Maintaining high quality standards.
- Implementing a modern information technology system.
- Complying with applicable health and safety regulations.
- Obtaining necessary environmental approvals.
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
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Environmental Achievements
- Manufacturing Up-Cycled Compounds from industrial and post-consumer waste and scrap materials like EVA, PVC, PP, PE etc., directly contributing to the Environment Protection initiatives from the Government of India and fulfilling the mandated EPR obligations for the conglomerates using hundreds of thousands of tonnes of plastic products and packaging materials.
- Your company is pioneer in plastic waste recycling, is scaling up its recycling strength to help build a circular economy, recycle post‐consumer waste directly into moldable granules and subsequently give a second life to plastics.