Climate Change Data

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