Sustainability

Fostering sustainability

Fueling Fun, Fostering Sustainability

At Funskool, we are committed to delivering joyful play experiences while ensuring a sustainable future. As India’s leading toy manufacturer, we embrace environmental stewardship, social responsibility, and ethical governance at every step.

Funskool’s focus on sustainability is evident in its eco-friendly product offerings and manufacturing processes, contributing to a greener future for generations to come.

At Funskool, we are dedicated to inspiring, engaging, and entertaining every child, aiding their holistic growth and development, while ensuring a sustainable future. As India’s leading toy manufacturer, we understand the profound impact our products and operations can have on the environment and society and therefore, have seamlessly integrated environmental stewardship, social responsibility, and ethical governance into the fabric of our operations.

We are committed to fueling fun while fostering sustainability. We believe that creating joyful play experiences for children should not come at the cost of compromising our planet’s well-being. Instead, we are dedicated to integrating sustainable practices throughout our business, from product design and manufacturing to community engagement and corporate governance to minimize our ecological footprint, empower our communities, and cultivate a greener tomorrow for the children we serve.

From investing in renewable energy to embracing eco-friendly materials, our sustainability efforts are rooted in a deep respect for the environment. Moreover, we recognize that our responsibilities extend beyond environmental stewardship. While actively promoting diversity, equity, and inclusion, we empower our workforce and collaborate with local communities to foster meaningful progress and inclusivity.

As we navigate the challenges and opportunities ahead, we remain steadfast in upholding the highest standards of corporate governance and responsible decision-making. Transparency, accountability, and continuous improvement are the guiding principles that shape our sustainability journey.

Our Sustainability Highlights

Renewable Energy:

₹40 lakh investment in solar power, with ISO 14001 certification for our Goa plant.

Eco-Friendly Materials:

59% of our primary products use renewable materials; 66% of waste is reused.

Community Support:

₹12 lakh invested in local initiatives; 83% of procurement from local suppliers.

Employee Focus:

80% female workforce at Ranipet factories; 100% local senior management hires.

Environmental Impact:

Targeting a 25% reduction in greenhouse gas emissions by 2027.

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Sustainability

Our Initiatives

Green Manufacturing:

Recycled materials and energy-efficient processes to minimize carbon footprints.

Water Conservation:

Advanced systems to reduce water usage and recycle for non-consumption purposes.

Waste Management:

Promoting recycling and sustainable packaging to drive a circular economy..

Governance & Social Responsibility

Transparent practices in ethical marketing, data privacy, and regulatory compliance.

Promoting diversity, equity, and inclusion across all operations.

Robust training programs with over 9.16 hours of development per employee on average.

As we continue our sustainability journey, we aim to create a greener tomorrow, driven by innovation and collaboration. Together, let’s build a better world for the children we serve.

Sustainability

Sustainability Outlook

Key Achievements

In FY 24, Funskool made significant strides in advancing sustainability across its operations, supply chain, and stakeholder engagement. Highlights include:

  • Enhancing energy efficiency and initiating renewable energy usage.
  • Implementing sustainable product design and lifecycle management practices.
  • Strengthening community engagement and social impact initiatives.
Future Goals & Commitments

Looking ahead, Funskool is committed to furthering its sustainability agenda and driving positive impact in the following areas:

  • Advancing environmental stewardship and climate resilience.
  • Enhancing social responsibility and community engagement.
  • Strengthening governance, ethics, and risk management practices.
  • Fostering innovation, collaboration, and continuous improvement.

By aligning sustainability with business strategy and stakeholder expectations, Funskool aims to create lasting value for society, the environment, and future generations.

Persistent Challenges

Funskool acknowledges the challenges and lessons learned in its sustainability journey. These include:

  • Upholding high standards of governance, ethics, and compliance.
  • Plastic waste and its disposal: As a manufacturer and distributor of toys and other products, the company likely generates a significant amount of plastic waste, which, if not managed responsibly, can have direct and indirect impacts on the environment and local communities.
  • Integrating sustainability into supply chain operations and supplier relationships.
  • Addressing emerging sustainability risks and opportunities.
  • Balancing environmental, social, and economic priorities to create shared value.
Sustainability Outlook

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