ESG Initiatives: ClimateSmart=BusinessSmart
At WayCool, ESG is not just an afterthought but embedded in all our processes.
Transforming farm tech, processing tech, distribution tech, retailer tech, consumer tech and financial tech with an integration core leading to transparency and intelligence across the food ecosystem
At WayCool, climate action is an element of business action where we are demonstrating how climate smart initiatives can create business smart impact contributing to multiple business bottom lines. WayCool’s Environment, Social & Corporate Governance (ESG) team was formed to build solutions that have a perennial impact on the environment and society.
By deploying impactful decarbonizing strategies, WayCool ensures a minimum footprint on our environment through large-scale carbon avoidance and carbon restoration projects across the value chain of the company.
WayCool aims to become water positive across its operations by undertaking initiatives that allow the company to give back more water than originally consumed.
WayCool envisages to ensure 100% of the water treated and reused within our facility meets our domestic needs or goes into groundwater recharge. The objective is to cease dumping of used water into the ground or water channels that may add to existing pollutants.
With a vision to build an efficient, impactful, and sustainable platform that handles 1% of the entire world’s food, sustainability is deeply integrated across WayCool’s value chain right from sourcing, supply chain operations, warehousing operations up to distribution.
Focused on food development and distribution, we leverage innovative technologies to scale and operate a complex supply chain from soil to sale. The technology brings complete, real-time visibility and control across the supply chain, be it in demand planning, managing inventory, sales force automation, and distribution.
With the use of advanced tools like AI and ML, we have not only created avenues of economic value to the farmers, retailers, and consumers, but built an efficient supply chain demonstrating resilience to climate change impact, and helped achieve regional food security.
By effectively utilizing the available roof area of distribution centers, WayCool has installed rooftop solar power plants to harness solar power for its daytime power consumption thereby reducing not only GHG emissions, but also reducing the operating costs pertaining to energy consumption by 43% in the facilities.
Through various energy efficiency measures such as retrofitting facilities with energy efficient lighting, HVACs, and usage of building materials with desirable thermal properties, Waycool constantly reduces its energy consumption, operational cost and the associated GHG emissions.
Through installation of state-of-the-art water filtration and treatment systems, we aim to create water security by reusing treated water back in our operations for domestic and landscaping purposes and recharging the excess water to the groundwater table.
As a commitment towards reducing the environmental footprint of our food distribution network, WayCool has deployed electric vehicles in our last mile delivery fleet to decarbonize our logistics-based emissions.
Recognized as excellent carbon sinks, the Miyawaki method of urban forests help in reducing the temperatures of concrete heat islands, reduce air and noise pollution, protect bare ground from soil erosion and flooding, and support biodiversity.
WayCool is a proud winner of the SAP Ace Awards presented by the SAP India group as the “Sustainability Champion”. This achievement underlines our commitment towards sustainability through the display of strong governance systems.
