Neuland Laboratories Ltd

A key step during the last year has been the restructuring of the Risk Management Committee of the Board to Risk & Sustainability Committee, which is reviewing the progress of our programs, providing critical inputs as well ensuring quality of disclosures & reporting. This Committee has been important in strengthening our governance as risk management is being regularly monitored at a board level. Along with the key risks which are being monitored, Climate change has been recognized as an emerging risk and necessary mitigation strategies are being evaluated. [...] Our leadership team has taken on board a concerted ESG program, that is built on the foundations of our operational excellence, integrating sustainability into our strategic management and combining Board-level oversight through our Risk and Sustainability Committee. By participating in various ESG evaluations, we strive to benchmark and strengthen our policies and systems, evaluation mechanisms, ESG goal setting and continuous improvement programs. [...] Neuland's Risk and Sustainability Committee of Board of Directors plays a vital role in guiding and overseeing sustainability and risk management initiatives. Internally, the ESG organisation structure has a ESG Steering Committee and a Core Committee. The Vice-Chairman and CEO of the Company chairs our Sustainability Steering Committee. The Steering Committee comprises of leaders from different functions and is responsible for setting sustainability goals, identifying and assessing sustainability-related risks, and developing policies and strategies to integrate sustainable practices into the organization's operations. The Sustainability Core Committee collaborates with site teams to implement sustainability initiatives across departments and operations. Its responsibilities also include identifying opportunities for sustainability improvements, monitoring performance, and creating sustainability communications. The Core Committee executes and reports on sustainability initiatives to the ESG Steering Committee.

The CEO monitors Environmental, Social, and Governance (ESG) goals and the ESG Steering Committee assesses environmental dependencies, impacts, risks, and opportunities while managing public policy engagement and supplier compliance. [...] A structured system ensures that Neuland's public policy positions align with its internal KPIs, overseen at the board level by the Risk and Sustainability Committee.

BUSINESSES, WHEN ENGAGING IN INFLUENCING PUBLIC AND REGULATORY POLICY, SHOULD DO SO IN A MANNER THAT IS RESPONSIBLE AND TRANSPARENT [...] Internal procedure on NLL's position on responsible advocacy [...] The Company engages in advocating for the advancement of the industry and public welfare. We focus on areas such as sustainable product development, environmental impact management, women's safety and security, and corporate social responsibility (CSR). Our participation extends to collaborating with industry associations and partnering with local government authorities on various initiatives aimed at promoting these causes. In the coming periods, we may be required to engage with government agencies, local municipalities or village panchayats in pursuing our renewable energy transition or biodiversity initiatives, however currently we do not anticipate any significant opportunity unfolding on the topic of policy advocacy for Climate Change matters.