GeeCee Ventures Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Environmental Achievements
- GGBS, a waste of the steel plant is mixed with Ordinary Portland Cement (OPC) in the ratio of 40 to 50 % in all of the construction sites which reduces the usage of cement and increases the consumption of the waste without compromising with the quality of the end product.
- Bringing Autoclaved Aerated Concrete or AAC blocks to use at all construction sites.
- Soil erosion is protected by top soil conservation and the same is thereafter used for gardening purpose.
- Rain water harvesting done at all project either by collection tanks are made available or recharging ground water through re- charge pit based on the site condition
- In majority of the projects STP plants are installed for treating sewage and effluent at the same time.
- Installation of LED lamps for common areas and pathways.
- Adoption of efficient lighting technology including use of timers and/or sensors for operating the light fixtures in certain areas.
- Using high efficiency pumps, motors and other equipments / machineries
Social Achievements
- Online training session on the topics of employee sensitization and awareness programme on POSH for all office and site based employees.
Governance Achievements
- Maintaining high standards of Corporate Governance
- Company is committed to transparency in all its dealings and places high emphasis on business ethics.
Climate Goals & Targets
Environmental Challenges
- Unanticipated delays in project approvals
- Availability of accomplished and trained labour force
- Increased cost of manpower
- Rising cost of construction lead by increase in commodity prices
- Over regulated environment
- Regulatory Hurdles
- Monetary tightening and funding issues
- Market price fluctuation
- Sales volume
Mitigation Strategies
- Building sufficient reserves resulting out of operating cash flows to take advantage of any land acquisition or development opportunity.
- Upgrading the IT infrastructure – both in terms of hardware and software.
- Reviewing the process documentation to ensure effectiveness of the controls in all the critical functional areas of the Company.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Ind AS
Third-party Assurance: MRB & Associates, Chartered Accountants
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Environmental Achievements
- Installation of LED lamps for common areas and pathways.
- Adoption of efficient lighting technology including use of timers and/or sensors for operating the light fixtures in certain areas.
- Using high efficiency pumps, motors and other equipments / machineries
- Solar energy is utilized to meet the energy demands of the common areas of our developments.
- Installation of STP plants for treating sewage waste for reuse
- Installation of low-flow fixtures for reduction of water consumption
- Recycling water within the development area to reduce dependency on external water source
Social Achievements
- Organized online training session on the topics of employee sensitization and awareness programme on POSH for all office and site based employees.
Governance Achievements
- Maintaining high standards of Corporate Governance
- Adopting a revised ‘Policy on Related Party Transactions’
Climate Goals & Targets
Environmental Challenges
- Unanticipated delays in project approvals
- Availability of accomplished and trained labour force
- Increased cost of manpower
- Rising cost of construction lead by increase in commodity prices
- Over regulated environment
Mitigation Strategies
- Building sufficient reserves resulting out of operating cash flows to take advantage of any land acquisition or development opportunity.
- Upgrading the IT infrastructure – both in terms of hardware and software.
- Reviewing the process documentation to ensure effectiveness of the controls in all the critical functional areas of the Company.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Ind AS
Third-party Assurance: MRB & Associates, Chartered Accountants