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