Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Sustainable Agriculture
• Farmer Welfare
• Environmental Protection
• Circular Economy
• Carbon Neutrality

Environmental Achievements

• Reduced carbon emissions (B rating from CDP)
• Waste management initiatives diverting waste from landfills
• Initiatives to reduce pesticide use at farms
• Implementation of IPM (Integrated Pest Management)
• Investing in recyclable carton packaging

Social Achievements

• Implemented employee-friendly policies (medical facilities, financial assistance, vaccine costs reimbursement)
• Launched an Employee Stock Ownership Plan (ESOP)
• Sustainable sourcing programs benefiting smallholder mango farmers
• Promoting women farmers
• Ethical sourcing initiatives aligned with UN SDGs

Governance Achievements

• Improved transparency and effective reporting
• Board level promotion of CSR activities
• Compliance with SEBI (LODR) Regulations 2015

Climate Goals & Targets

Environmental Challenges

• Volatility in commodity and currency rates
• Inflationary pressures
• Supply chain disruptions
• Working capital intensive structure
• Commoditised nature of business

Mitigation Strategies

• Passing cost pressures onto customers
• Diversifying offerings to gain better competency
• Hedging strategies to manage forex risks
• Cost-plus model to manage input cost inflation
• Diversifying regional presence to mitigate concentration risk
• Extended product offerings to deal with vagaries of nature and changing consumer demand

Supply Chain Management

Responsible Procurement

• Sustainable sourcing programs
• Ethical sourcing initiatives

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CDP

Sustainable Products & Innovation

• Recyclable carton packaging
• Waste conversion into value-added products

Environmental Metrics

ESG Focus Areas

• Environmental Responsibility
• Social Commitments
• Good Governance

Environmental Achievements

• Reduced carbon emissions; aiming for net zero by 2030.
• Installed solar panels at Gonde factory, producing 639,000 units of electricity and saving ₹51,58,000.
• Diverted over 200,000 MT of waste from landfills, recycling peels, stones, and butter waste into compost and briquettes.
• Investing in technology to transform mango waste into pectins, oils, and butters.

Social Achievements

• Sustainable sourcing with EU clients, locating specialty produce for a large FMCG business with the help of smallholder farmers.
• Implemented KPI-led projects for sourcing mango from smallholder farmers, promoting sustainable farming and supporting women farmers.
• Granted ESOPs to employees with at least one year of service.

Governance Achievements

• Implemented several strategic initiatives to enhance operational excellence.
• Board of Directors oversees operations and supports expansion.
• Actively embraces renewable energy, water conservation, and waste management initiatives.

Climate Goals & Targets

Environmental Challenges

• Volatility in commodity and currency rates.
• Broad-based cost pressures (commodity prices, input cost inflation, freight challenges).
• Working capital intensive structure.
• Growing packaged food and beverage consumption.

Mitigation Strategies

• Passing cost pressures to customers.
• Hedging strategies to mitigate forex risks.
• Cost-plus model implementation.
• Economies of scale in procurement.
• Diversifying regional presence.
• Extended product offerings.
• Improving financial efficiency (reducing debtor and inventory days).

Supply Chain Management

Responsible Procurement

• Focus on smallholder farmer profitability and resilience
• Direct procurement of farm inputs
• Tackling harmful pesticide use
• Promoting sustainable agricultural practices

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CDP (Carbon Disclosure Project), SBTi (Science Based Targets initiative), UN SDGs

Certifications: Global Gap, Rainforest Alliance, Fair Trade, Organic, SAI

Sustainable Products & Innovation

• Pectin
• Oils
• Butters
• Vegan leathers
• Sustainable paper

Environmental Metrics

ESG Focus Areas

• GHG Emissions
• Water management
• Waste management
• Human Capital Development/Communities
• Business Continuity
• Supply Chain Management
• Corporate Governance Ethics
• Food Safety and Quality

Environmental Achievements

• Significant strides in reducing carbon footprint (Scope 1 and Scope 2 emissions)
• Increasing solar energy capacity across specific factory units
• Enhancing recycling and reuse efforts
• Implementing rainwater harvesting
• Upgrading water treatment plants

Social Achievements

• Provided training on health and safety measures, skill upgradation, ESG, POSH, and other technical subjects to employees and workers.
• Implemented mechanisms for grievance redressal for employees and workers.

Governance Achievements

• Implemented anti-corruption and anti-bribery guidelines as part of the employee manual.
• Established a robust framework for communicating work-related hazards.

Climate Goals & Targets

Environmental Challenges

• Climate change challenges (extreme weather, crop infections, labor productivity loss, evolving regulations, technological investments)
• Water scarcity, managing wastewater to prevent pollution
• Inefficient waste management practices
• Human rights issues in the agricultural sector (forced and child labor, unsafe working conditions, land disputes, inadequate facilities)
• Market risks (evolving regulations, increased demand for sustainable products, effects of climate change, controversies surrounding frozen foods)
• Supply chain disruptions (economic, natural, geopolitical, supplier, quality, transportation, and cyber threats)
• Compliance failures with food safety rules, ethical lapses in supplier practices, conflicts of interest in procurement, reputational harm from product recalls or ethical breaches
• Food safety and quality risks (contamination during handling and distribution)

Mitigation Strategies

• Collaborations with sustainable farmers, local sourcing, energy-efficient technologies, renewable energy solutions
• Technologies for water conservation, wastewater reuse, strategic water risk assessment
• Reduction of food wastage, composting organic waste, eco-friendly packaging
• Assessing potential human rights risks, drafting a human rights policy, supplier code of conduct
• Market research, monitoring competitor activities, product improvement, new product development, raw material sourcing diversification
• Building robust supplier relationships, proactive weather management, advanced soil health tools, blockchain for transparency, sensor monitoring, predictive analytics
• Monitoring food safety regulations, enforcing quality standards, engaging regulators, implementing strong internal compliance controls
• Prioritizing agricultural worker safety, training, protective equipment, transparent nutrition information, regulatory compliance

Supply Chain Management

Responsible Procurement

• Sustainable sourcing from more than 1,456 farmers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather changes, crop infections

Transition Risks

• Evolving regulations, technological investments

Opportunities

• Investing in energy-efficient technologies and renewable energy sources
• Carbon sequestration, generating and trading carbon credits

Reporting Standards

Frameworks Used: BRSR

Certifications: Sai Platform, Rainforest Alliance Certified, Non-GMO Project Verified, FSSC 22000, BRCGS Food Safety Certificate, USFDA, SGF, FSSAI, HALAL, SMETA, Sedex, Kosher

Third-party Assurance: Assurance not conducted