Licious Pledges to be ESG Compliant in the next 12 Months

Licious will be the first Indian company in the fresh meat and seafood category to achieve ESG (environmental, social and governance) compliance.
Licious Pledges to be ESG Compliant in the Next 12 Months

Licious, one of India's meat, seafood and meat products company, announced its commitment to be compliant with the global ESG norms during the current financial year. A focus on quality, sustainability, and traceability has been a constant for Licious since its inception. Taking a step further, the company is working towards a robust integration of sustainable development practices in its operations.

As a part of the process, Licious will:

- Act as an environmentally responsible entity monitoring energy use, waste generation, pollution control, natural resource conservation, and animal welfare.

- Will dedicate resources towards strengthening and creating a people-first organization that is inclusive & diverse. They will also continue to positively contribute towards the growth and welfare of the fishermen and farmer communities.

- Maintain complete transparency in internal practices, controls, stakeholder engagement, and regulatory compliance.

Vivek Gupta & Abhay Hanjura, Co-Founders, Licious, said, "The companies of tomorrow would not be functioning on just the principles or profits anymore. Being responsible towards the environment, communities, employees & overall transparent governance will also feature high on their agenda. The way we look at this is, the two will act like mutually complementary forces and work towards unlocking the companies' resilience."

"Licious is a purpose-driven organization that prides itself in being at the cutting edge of transformation of a hitherto largely ignored meat and fisheries industry that happens to be one of India's largest agrarian sectors as well. With low/no benchmarks around us, it is imperative that Licious constantly raise the bar for the industry. With our ESG commitment, we have embarked on this journey once again! The aim really is for us to create a positive and meaningful impact for all-out stakeholders," they added.

Echoing the sentiment of the Co-Founders, Nikhil Khattau, MD, Mayfield Fund & Member - Board of Directors, Licious, stated, "It is a noble mission and a lofty one. This calls for an all-hands-on-deck approach & the board is committed to supporting all endeavors of Licious in making it a category-leading company that sets benchmarks across safety, quality, and sustainability for the industry to follow."

Licious has been disrupting the meat & seafood industry in India since 2015. The pledge towards receiving ESG compliance will be another category pioneering endeavor. The company operates in 14 Indian cities, with an ambition to expand both national and global footprints in the near future. Over the last FY, Licious has registered a 300 percent growth with a current monthly order volume of 1 mn.

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