{"id":27263,"date":"2024-12-11T15:48:57","date_gmt":"2024-12-11T10:18:57","guid":{"rendered":"https:\/\/www.shahi.co.in\/?p=27263"},"modified":"2024-12-11T15:48:57","modified_gmt":"2024-12-11T10:18:57","slug":"launching-our-third-sustainability-report-for-fy-2023-24","status":"publish","type":"post","link":"https:\/\/shahi.co.in\/launching-our-third-sustainability-report-for-fy-2023-24\/","title":{"rendered":"Launching our third Sustainability Report for FY 2023-24"},"content":{"rendered":"\n
We are excited to launch the third edition of our sustainability report, \u2018Moving the Needle: Adapt, Impact, Inspire.\u2019 In FY 2023-24, we focused on adapting to change, driving impact, and inspiring efforts across the value chain. <\/p>\n\n\n\n
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This year, we have deepened our dedication to sustainable practices for both people and the planet. We\u2019re advancing environmentally conscious actions across our operations to ensure a circular value chain. <\/p>\n\n\n\n
Anant Ahuja, Director of ESG and Sustainability at Shahi Exports<\/strong>, said,<\/p>\n\n\n\n
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\u201cThe Sustainability Report has allowed us to track our progress more closely and reflect on both our immediate and long-term strategies. Many of the sustainability challenges the industry faces require innovative solutions, and the data in this report enable us to better understand where to accelerate our innovation efforts and where we are making measurable progress.\u201d<\/p>\n<\/blockquote>\n\n\n\n
Key highlights from the report: <\/strong><\/h3>\n\n\n\n
TO ADAPT<\/strong>:<\/h4>\n\n\n\n
Our journey of adaptation aligns with industry shifts and environmental sensitivities, leading to strategic enhancements in governance and operations: <\/p>\n\n\n\n
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Established a dedicated governance team in FY 2023-24 to uphold accountability. <\/li>\n\n\n\n
Partnering with next-gen material and dry processing innovators. We ensured that 50% of the materials we use fall under the sustainable category. <\/li>\n\n\n\n
Adapted to the evolving legislative landscape as our Knits Processing Division became one of India\u2019s first mills to undergo the Yarn Ethically and Sustainably Sourced Assessment. <\/li>\n\n\n\n
Scaling our flagship digitization project, \u2018Trakwel\u2019, across factories. <\/li>\n<\/ul>\n\n\n\n
TO IMPACT:<\/strong><\/h4>\n\n\n\n
Our efforts aim to create a positive impact on our workforce, communities, and the planet. In FY 2023-24, we implemented key initiatives to enhance sustainability and social responsibility, achieving meaningful outcomes: <\/p>\n\n\n\n
Achieved 106% of our STITCH program supervisor training goal.<\/li>\n\n\n\n
Reached 106% of our goal to train women in Gap Inc. P.A.C.E.<\/li>\n\n\n\n
Surpassed training goals with 110% completion in BSafe- Grievance Redressal Mechanism awareness. <\/li>\n\n\n\n
Reached 98% of skill development targets with local communities. <\/li>\n\n\n\n
Reached 20,590 mothers and children under our Maternal and Child Health and Nutrition services, meeting 137% of our goal. <\/li>\n\n\n\n
Introduced EWASE (Empowering Women at Shahi Exports) to champion gender equality and support women in advancing to leadership roles. <\/li>\n<\/ul>\n<\/div>\n\n\n\n
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Planet<\/strong>:<\/h5>\n\n\n\n<\/figure>\n\n\n\n
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Achieved 100% coal phase-out in one of our mills. <\/li>\n\n\n\n
Scored 68.92% of verified Higg FEM Index Version 4.0 score against a global avg of 48.08%. <\/li>\n\n\n\n
Achieved 78% recycled water usage for industrial purposes in our textile mills<\/li>\n\n\n\n
100% of the dyes and auxiliaries used in our production processes are ZDHC MRSL compliant.<\/li>\n\n\n\n
Achieved a CDP score of \u2018B\u2019 compared to the global average of \u2018C\u2019. <\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n
TO INSPIRE:<\/strong><\/h4>\n\n\n\n
A key objective is to inspire industry-wide change and elevate standards for environmental and social responsibility. To advance this goal, we\u2019ve partnered with leading organizations:<\/p>\n\n\n\n
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Fashion Pact: <\/strong>Serving on the Fashion Pact Steering Committee, we engage and collaborate on critical industry and environmental issues. This helps us share a supply chain partner\u2019s perspective and learn from the industry’s best practices.<\/li>\n\n\n\n
Transformer\u2019s Foundation: <\/strong>Collaborated with The Transformers Foundation and peers like Epic Group, Simple Approach, and Norlanka to create An Apparel Supplier’s Guide to Key Sustainability Legislation<\/em>, outlining 12 upcoming laws in the US, UK, and EU.<\/li>\n\n\n\n
Fashion Producer\u2019s Collective: <\/strong>Serving on the Producer Committee to amplify producer voices, share knowledge, and drive sustainable fashion leadership. <\/li>\n\n\n\n
International Apparel Federation<\/strong>: Joined the federation to strengthen sustainable supply chains, industry standardization, and inclusive solutions. <\/li>\n<\/ul>\n\n\n\n
Harish Ahuja, Managing Director and Chairperson of Shahi Exports, <\/strong>said,<\/p>\n\n\n\n
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\u201cAs we enter our 50th year, we’re excited about what lies ahead. Our roadmap focuses on diversifying our product portfolio, prioritizing sustainability, and investing in our people. We look toward a more circular future as we remain steadfast in our role as catalysts for change.\u201d<\/p>\n<\/blockquote>\n\n\n\n
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