Medium Risk

S. P. APPARELS LIMITED

Garments

CIN: L18101TZ2005PLC012295 FY: - Revenue: ₹9,816.2 Cr
5.3
ESG Risk
Score /10
Compliance RiskEpr ExposureGhg Intensity

Risk Breakdown

GHG Intensity
5.0
Water Intensity
5.0
Waste Intensity
1.0
EPR Exposure
6.5
Compliance Risk
10.0
HR Risk
3.0
Governance Risk
5.0

Financial Exposure

Est. Compliance Cost₹16–59 crore
EPR ApplicableUnknown
Scope 1 Emissions— tCO2e
Scope 2 Emissions— tCO2e
Water Withdrawal— m³
Waste Generated563.1 T

Governance

Anti-Corruption PolicyYes
Conflict of Interest PolicyUnknown
BRSR AssuranceNone
Assurance Provider

Double Materiality

Financial Materiality5.3
Impact Materiality4.6
QuadrantFinancially Material

Supply Chain

MSME Sourcing0.6%
Lifecycle AssessmentNo
Product ReclaimYes

Material Risks

e-waste

ESG Targets & Commitments

TopicTarget / MetricStatus
Human Rights in Supply Chain HR clauses in all contracts Commitment

AI Risk Summary

**S.P. Apparels Limited – ESG Financial Risk Summary** S.P. Apparels faces critical compliance exposure with a perfect 10.0/10 compliance risk score, creating potential SEBI enforcement action and delisting risk under BRSR Core Expansion mandates—the company's inability to report Scope 1 and 2 emissions data suggests material disclosure gaps. Extended Producer Responsibility (EPR) applicability remains unconfirmed despite a 6.5/10 exposure rating, representing a significant blind spot in the garment sector where textile waste obligations under Rule 4 of Plastic Waste Management Rules impose financial and operational liabilities. The estimated compliance remediation cost of ₹16–59 crore (0.16–0.60% of ₹9,816 crore revenue) masks potential EPR costs if textiles fall under expanded producer responsibility frameworks, plus carbon accounting obligations if Scope 1 & 2 emissions are subsequently quantified and priced at India CCTS rates (₹600–900/tonne). Immediate priority: clarify EPR classification, establish verified GHG

Source: S. P. APPARELS LIMITED BRSR Filing, FY -. Derived from the company's own public disclosures. Not investment advice or a regulatory determination.

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