Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Zero waste to landfills from manufacturing units for the last 4 fiscal years
• Diverted over 541 MT of waste from landfills through various waste management projects
• Significant energy savings initiatives across clusters (North East, South, Central West) resulting in substantial cost savings and carbon reduction.

Social Achievements

• Trained over 4,47,000 women entrepreneurs in beauty and wellness sector
• Supported over 8,660 women micro entrepreneurs through Beautypreneur project
• Implemented EMBED project to eliminate vector-borne endemic diseases, resulting in significant reduction in malaria, dengue, and chikungunya cases.

Governance Achievements

• Established a robust Whistle Blower Policy
• Complied with the requirements specified in Regulations 17 to 27 and clause (b) to (i) of sub regulation (2) of Regulation 46 of the Listing Regulations.
• Regular Board effectiveness review to enhance performance.

Climate Goals & Targets

Environmental Challenges

• Challenging macroeconomic environment in various regions (e.g., input cost increases, adverse forex movement, consumer shift away from value-added products)
• Supply chain disruptions
• Competition

Mitigation Strategies

• Robust cost-optimisation programmes and timely price increases
• Strong focus on category development with breakthrough innovation
• Strengthening last-mile distribution
• Investing in consumer and accelerating growth

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Certifications: ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 (mentioned for some units)

Environmental Metrics

ESG Focus Areas

• Occupational health & safety
• Product safety and Quality Testing
• Business Ethics and Ethical Marketing
• Governance and accountability
• Sustainable Packaging
• Sustainable supply chain management
• Renewable Energy
• Research & Development
• Sustainable and Greener Products
• Diversity & Inclusion

Environmental Achievements

• Reduced plastic packaging intensity by over 22% from the base year of 2019-20
• Utilizing over 27% renewable energy in its operations
• Reduced specific energy consumption by 35%
• Increased renewable energy portfolio to 27%
• Reduced water intensity by 39% and achieved water positivity
• Diverted over 7,200 MT of waste from landfills
• Reduced GHG emission intensity by 41%

Social Achievements

• Covered 76% of suppliers by procurement spends under Sustainable Procurement Policy
• 23% women representation in senior leadership (on track for 30% by 2030)
• Conducted a self-assessment across plants in India covering 93% of the workforce
• Reached out to over 28.4 million people and enabled their protection against vector-borne diseases

Governance Achievements

• Received ISO:27001:2022 certification for information security system and process
• Adheres to BRSR in India and other international frameworks like CDP, GRI, and Integrated Reporting frameworks

Climate Goals & Targets

Environmental Challenges

• Physical risk to workforce in manufacturing and distribution
• Lack of sufficient training on best practices related to OHS
• Evolving regulatory landscape regarding product composition
• Maintaining business ethics and ethical marketing practices
• Adhering to reporting and transparency requirements
• Enforcement of strict regulations on plastic, waste generation, and disposal
• ESG compliance risk for critical suppliers and unethical sourcing practices

Mitigation Strategies

• Robust Health & Safety policy and strong SOPs
• Periodic review of safety procedures
• Implemented quality testing standard operating procedures
• Adopted multiple policies (code of conduct, whistleblower policy, etc.)
• Human rights due diligence based on UN Guiding Principles
• Focus on plastic packaging intensity reduction
• Exploring greener alternatives to plastic packaging
• ESG assessment of close to 75% of suppliers by procurement spends
• Sharing industry best practices and suggestive actions with suppliers

Supply Chain Management

Supplier Audits: 76% coverage by procurement spends

Responsible Procurement

• Sustainable Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Adoption of renewable energy

Reporting Standards

Frameworks Used: BRSR, GRI Standards 2021, CDP, SBTi

Certifications: ISO 45001, ISO 27001:2022

Third-party Assurance: KPMG Assurance and Consulting Services LLP

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Godrej Magic Hand Wash (lower water content, lower plastic packaging)

Awards & Recognition

• Various safety performance recognitions from NSC and CII