Climate Change Data

Dreamfolks Services Limited

Climate Impact & Sustainability Data (2023-2024)

Reporting Period: 2023-2024

Environmental Metrics

Total Carbon Emissions:61.869 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:37.199 tCO2e/year
Scope 2 Emissions:24.67 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:138,400 MWh/year
Water Consumption:565 KL/year
Waste Generated:0.2564 Metric tonnes/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Education
  • Gender Equality
  • Environmental Sustainability
  • Data Security
  • Employee Well-being
  • Community Engagement

Environmental Achievements

  • Introduced changes in delivery model eliminating the need for plastic cards, reducing plastic usage.
  • Introduced web access and QR code access, reducing paper usage.
  • Invested in indoor plants and LED lighting in the workspace.
  • Building is LEED Gold Certified.
  • Installed 500 KW solar panel to power common area lighting.

Social Achievements

  • Project AKSHAR: Enhanced educational facilities for girls in Haryana, supporting female empowerment and community upliftment.
  • Launched DreamFolks Club membership packages, making premium travel and lifestyle experiences accessible to a broader audience.
  • Implemented various employee well-being initiatives (carrom championship, yoga day, offsite R&R, cricket championship, etc.).
  • 5 out of 9 Management Trainees hired were female students.
  • Implemented a POSH policy for the Prevention of Sexual Harassment of women at the workplace.

Governance Achievements

  • Implemented comprehensive security measures and protocols, achieving PCI DSS version 4.0 compliance.
  • Established robust internal control systems aligned with company size and industry.
  • Regular monitoring assesses the adequacy, effectiveness, and usefulness of financial and operational controls.
  • Implemented a Whistle Blower Policy and Vigil Mechanism.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Increase contributions from services beyond Indian airport lounges to 15-20% over the next 4-5 years.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Data security risks due to handling sensitive client data and data aggregation.
  • Inability to hire, train, engage, and retain talent.
  • Failure to invent new technology solutions.
  • Geo-political risks impacting the aviation sector.
  • Potential market saturation in India.
Mitigation Strategies
  • Implemented processes and systems to prevent data breaches and obtained necessary system certifications.
  • Cultivated a vibrant and all-inclusive workforce, promoting diversity and inclusion.
  • Continuously working towards creating a robust tech platform through R&D investments.
  • Diversified the client base and expanded into global markets.
  • Developed flexible strategies adaptable to changing external conditions and explored additional revenue streams.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable sourcing policy for items like electronic equipment, daily consumables, furniture, and stationery.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: National Guidelines on Responsible Business Conduct (NGRBC)

Certifications: ISO/IEC 27001, PCI DSS version 4.0, SOC1 Type 2, SOC2 Type 1 & 2, LEED Gold Certification

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 1: No Poverty
  • SDG 3: Good Health and Well-being
  • SDG 4: Quality Education
  • SDG 5: Gender Equality
  • SDG 6: Clean Water and Sanitation
  • SDG 7: Affordable and Clean Energy
  • SDG 9: Industry, Innovation and Infrastructure
  • SDG 12: Responsible Consumption and Production
  • SDG 13: Climate Action
  • SDG 15: Life on Land
  • SDG 16: Peace, Justice and Strong Institutions
  • SDG 17: Partnerships for the Goals

Various initiatives contribute to these goals through education support, women's empowerment, environmental sustainability measures, and ethical business practices.

Sustainable Products & Innovation

  • Web access and QR code access; elimination of plastic cards.

Awards & Recognition

  • Most Promising Business Leaders of Asia 2023-24
  • Travel Retail Superstars 2023 – Star Team
  • Top 20 India Tech Leaders
  • India's Impactful CEOs 2023
  • Best Brands 2023
  • Entrepreneur of the Year 2023
  • World's Best Emerging Brand 2023
  • World's Best Emerging Leader 2023
  • Most Trusted Service Provider for BFSI Sector
  • CX Leader of The Year
  • Best Banking Card Service Provider of the Year
  • Best User Experience Solution Provider