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About the report
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Corporate Overview +
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Statutory Reports +
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Financial Statements +
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Download Full ReportWe firmly believe that our commitment to ESG will help us build a sustainable, resilient and successful business that positively impacts the world around us. We will continue to uphold the highest standards of ESG, work towards the United Nations Sustainable Development Goals and abide by national laws and regulations to ensure that we contribute to the greater good and make a positive impact on the world.
Our unwavering commitment to ESG principles has allowed us to become more resilient and adaptable in the dynamic global market. We take pride in our accountability towards environment, society and the economy, and have implemented initiatives such as reducing greenhouse gas emissions, minimising waste and conserving energy.
We acknowledge the importance of social responsibility and have made it our top priority to take care of our employees, consumers and communities. We have implemented various programmes that support the physical and mental wellbeing of our employees, promote D&I and ensure the safety of our consumers. Our Corporate Social Responsibility (“CSR”) is rooted in philanthropy of being responsible and shared value for all stakeholders. With sustainability at its core, our CSR efforts entail skill training, employee engagement, water conservation and community care development.
Strong governance practices are essential for building trust and maintaining long-term relationships with our stakeholders. We have therefore prioritised the implementation of transparent, ethical and globally accepted governance practices. We believe that strong governance practices are not only essential for maintaining the trust of our stakeholders but also for enabling us to achieve our long-term business goals.
Energy Efficiency, Reduction in emissions and Responsible sourcing
Positive Organizational Culture
Employee Value Proposition
Ethical Business practices and compliance to laws and regulations
Customer Service Excellence
Based on these components, we intend to provide greener renewable solutions in a responsible manner in line with our purpose by taking into account our economic, environmental and social duties and ambitions. We aspire to empower the lives of our employees by creating a positive work atmosphere that enhances morale and increase productivity.
Through our dynamic product portfolio and systematic resource allocation, we want to provide our consumers a broad range of value propositions. By functioning with honesty and integrity, we intend to have an opportunity to build incredible trust and loyalty with the public, consumers, suppliers, industry partners, regulators, shareholders and other stakeholders in the business.
Aims to improve energy efficiency to limit energy consumption and integrate renewable energy sources.
Innovation focuses on producing energy-efficient products, reducing emissions and optimising natural resources.
Significant energy reduction achieved across product lines, including fans, lighting, pumps and appliances.
Renewable energy infrastructure helps decrease carbon footprint and reduce power costs per unit.
Various carbon-neutral measures implemented to mitigate greenhouse gas emissions.
Dedicated to water conservation, implemented steps to reduce consumption and utilise zero liquid discharge system.
Improved material efficiency, eco-friendly packaging, waste recycling and waste segregation have reduced industrial waste and greenhouse gas emissions.
Efforts made to manage hazardous waste and dispose of e-waste responsibly.
CSR initiatives centered around four key areas: skill development, community care, water conservation and employee engagement.
Skill and entrepreneurship initiatives provide training, placement assistance and entrepreneurship development.
Examples: Project Nayi Disha and Project Swabhiman.
Community care programmes aim to alleviate poverty, education, health and environmental sustainability. Examples: Project Patang, Ujjwal Deep Scholarship and mid-day meal.
Water conservation projects focus on integrated watershed management, natural resource conservation and empowering drought-hit villages.
Upholding globally recognised human rights principles and standards.
KAVACH initiative implemented for comprehensive EHS strategy.
Safety and skill training for our employees, including disabled employees.
Inclusive workplace with supportive benefits and equitable job opportunities.
Policies, mechanisms and frameworks in place to ensure compliance with ethical, legal and moral standards.
Five value pillars: Personal Leadership, Innovation, Execution Excellence, People Development and Courage.
Included ESG-related risks as a part of our overall risk assessment.
Anti-Bribery and Anti-Corruption Policy in place; conducts related training and awareness for employees.
Code of Conduct for workplace practices, regulatory compliance, ethical behavior and reporting mechanisms; applies to all employees and directors.
Whistle-blower policy in place for disclosing unethical behavior, fraud, or violations of Company’s Code of Conduct without fear of reprisal.
Prevention of Sexual Harassment policy and Internal Complaints Committee (“ICC”) for addressing complaints.
Intellectual property strategy to support research activities and reward innovators.
Privacy statement explaining how customer data is collected, used and shared.
*Significant decrease is due to stoppage of glass manufacturing in Baroda
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