Godrej Industries Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

**Governance, leadership and oversight**

**7. Statement by director responsible for the business responsibility report, highlighting ESG related**
**challenges, targets and achievements**

The Company is committed to integrating environmental, social and governance (ESG) principles into its
business which is central to improving the quality of life of the communities it serves. It adheres to the principles
of product stewardship by enhancing health, safety and environmental impacts of products and services across
their lifecycles. High standards of governance, we feel, are key to maintaining the trust of investors and all our
stakeholders. Our responsibilities go beyond our own Company as we work towards ingraining our values in the
relations with all our employees, customers, partners and across our supply chain. Being a value-driven
organization, your Company ensures that business is conducted in an ethical and responsible way.

**8. Details of the highest authority responsible for implementation and oversight of the Business**
**Responsibility policy(ies).**

Mr. Nadir Godrej, Chairman & Managing Director (DIN:00066195) under the guidance of the Board of Directors
and its Committees is responsible for implementation and oversight of the Business Responsibility and
Sustainability Policies.

**9. Does the entity have a specified Committee of the Board/ Director responsible for decision making**
**on sustainability related issues? (Yes / No). If yes, provide details.**

Yes, the Chairman and Managing Director and Senior Leadership Team review the Business Responsibility and
Sustainability Performance periodically as a part of the overall Management Review process. They provide
valuable direction and guidance to ensure that Safety and Sustainability implications are duly addressed in all
new strategic initiatives, budgets, audit actions and improvement plans.

**10. Details of Review of NGRBCs by the Company:**

**Subject for** **Indicate whether review was undertaken** **Frequency**

**Review** **by Director / Committee of the Board/** **(Annually/ Half yearly/ Quarterly/ Any**

**Any other Committee** **other)**

**P1** **P2** **P3** **P4** **P5** **P6** **P7** **P8** **P9** **P1** **P2** **P3** **P4** **P5** **P6** **P7** **P8** **P9**
Performance As a practice, Business Responsibility and Sustainability policies of the Company are
against reviewed periodically or on a need to basis by Senior Leadership Team including Managing
above Director and Executive Directors. During their assessment, the efficacy of the policies is
policies and reviewed and necessary changes to policies and procedures are implemented.
follow up
action

Compliance The Company complies with the statutory requirements as applicable.
with
statutory
requirements
of relevance
to the
principles,
and,
rectification
of any noncompliances

**11. Has the entity carried out independent assessment/ evaluation of the working of its policies by an**
**external agency? (Yes/No). If yes, provide name of the agency.**

**P1** **P2** **P3** **P4** **P5** **P6** **P7** **P8** **P9**
The Company conducts periodic review of charters, policies internally by the Senior Management and Board
Committees which then drives the policies, projects and performance of the aspects of business
responsibility and sustainability.

https://www.godrejindustries.com/public/uploads/reports/2023-24/BRSR_Final_25072024.pdf

Principle 7: Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner [...] For any policy advocacy, GIL ensures that it does so with the highest degree of responsible and ethical behaviour and also works with collective platforms such as trade and industry chambers and associations. Such associations and partnerships will provide strong foundation to develop the business, share knowledge, gather new ideas for innovations and also establish resilience to key industry issues while gaining an understanding of competition. [...] We work closely with our industry associations not just to tackle economic, environmental and social challenges but also to adopt new best practices. We ensure that policy advocacy is done with the highest degree of integrity, responsibility and credibility. The following are the list of our industry associations: [...] Indian Chemical Council (ICC) [...] CII (Confederation of Indian Industries) National Council & CII Western Region [...] IFCCI-Indo French Chamber of Commerce [...] Collaborating for Sustainable Palm Oil: We are part of Roundtable on Sustainable Palm Oil and have committed to produce, source and/or use sustainable palm oil certified by the RSPO. We are also a part of Action for Sustainable Derivatives that promotes responsible sourcing and collective action to increase sustainable production of palm oil and its derivatives.

https://www.godrejindustries.com/public/uploads/reports/2021-22/GIL-Annual-Report-2022.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]We firmly believe that it is crucial for businesses to have strong industry associations and memberships for collective growth. Such associations and partnerships will provide strong foundation to develop the business, share knowledge, gather new ideas for innovations and also establish resilience to key industry issues while gaining an understanding of competition. We ensure that policy advocacy is done with the highest degree of integrity, responsibility and credibility

1. ICC: We have established a long-term partnership with ICC by participating in all the events conducted by them. They are the apex industry body representing the chemical industry in India, and also pursue the "Responsible Care Programme†. Responsible Care is a global voluntary initiative of chemical industry to excel and continually improve health, safety and environmental performance. We are also RC certified company.

2. CII (Confederation of Indian Industries) National Council & CII Western Region: We work closely with CII to mitigate Climate Change. We have signed an agreement with CII in supporting the mission of sustainable growth and CII-ASSOCHAM code of conduct. The CII - Sohrabji Godrej Green Business center works closely with the stakeholders on promoting green practices in the industry and offers advisory services on the conservation of natural resources. One of the major step taken by CII towards this direction is the development of 'Green Company Rating system' (GreenCo rating) for companies. GreenCo rating is a holistic framework that evaluates companies on the environmental friendliness of their activities using life cycle approach. Our Valia unit is the first chemical manufacturing facility in India to receive Platinum rating in Green co rating system.

3. Collaborating for Sustainable Palm Oil
We are part of Roundtable on Sustainable Palm Oil and have committed to produce, source and/or use sustainable palm oil certified by the RSPO. We are also a part of Action for Sustainable Derivatives that promotes responsible sourcing and collective action to increase sustainable production of palm oil and its derivatives.

Other: GIL has submitted greenhouse gas emission reduction targets to the Science Based Targets initiative (SBTi) for validation. We evaluated the reductions required in our Scope I+II+III and committed to reducing these emissions in line with the globally determined target determined by the SBTi

CDP Questionnaire Response 2022