Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy Security
• Rural Prosperity
• Alternative Energy
• Talent Management
• Innovation

Environmental Achievements

• Not disclosed

Social Achievements

• Retail business estimated to generate over half a million jobs directly in the next five years.
• Reliance Retail creating rural business hubs to engage with the rural community in education, health care and community welfare initiatives.

Governance Achievements

• Moody's and S&P reaffirmed investment grade ratings for Reliance's international debt.

Climate Goals & Targets

Environmental Challenges

• Delays in mobilization and lack of availability of deep-water rigs for oil and gas exploration.
• Absence of a level playing field between private and public sector petroleum retailing companies leading to suspension of petrol and diesel sales from retail outlets.
• Talent crunch in a growing global organization.

Mitigation Strategies

• Aggressive exploration campaign aimed at diversifying the search for new accumulations.
• Expanding deep-water rig fleet with six additional deep-water rigs contracted.
• Forming strategic alliances with key players in the services and equipment industry.
• Augmenting human capital.
• Multi-pronged approach to talent management including nurturing home-grown talent, hiring top talent, and retaining talent through an Employee Stock Option Plan.
• Collaborating with educational institutions to build industry-oriented programs.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Ranked 19th amongst the top 50 innovative companies in the world by Business Week

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Recycled over 2 billion waste PET bottles
• Developed ReRoute™ using plastic waste to construct roads
• Developing circular polyolefin products EcoRepol™ and EcoRelene™

Social Achievements

• Imparted 7.65 lakh man-hours of training to its workforce
• 95.9% of permanent workforce received safety and skill upgradation trainings
• Spent ₹813 crore on community development projects

Governance Achievements

• Established a robust Anti-Bribery Management System (ABMS) and adopted ISO 37001:2016 standard
• CSR&G Committee assesses BR performance annually
• Robust mechanism through a Vigil Mechanism and Whistle-blower Policy

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, UN SDGs, API/IPIECA Sustainability Reporting Guidelines, SEBI BRR framework, TCFD, WEF-IBC metrics

Certifications: ISO 14001

Third-party Assurance: KPMG Assurance and Consulting Services LLP

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• R|Elan™
• RelWood™
• ReRoute™
• EcoRepol™
• EcoRelene™

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Managing Environmental Impacts
• Energy Efficiency of Operations
• Water and Effluent Management
• Raw Material Security
• Ecosystem and Biodiversity
• Innovation and Technology
• Waste Management and Circular Economy
• Sustainable Supply Chain Management
• Disaster Preparedness and Management
• Health, Safety and Employee Well-Being
• Diversity and Inclusion
• Customer Satisfaction
• Data Privacy and Cybersecurity
• Security and Asset Management
• Talent Management
• Community Development
• Labour Management and Human Rights
• Business Ethics, Integrity and Transparency, Code of Conduct and Grievance Redressed Mechanisms
• Regulatory Issues and Compliance

Environmental Achievements

• 115% increase in renewable energy consumption from previous year
• 22,957 metric tons of plastic waste recycled in FY 2022-23
• 51.83% of plastic pallets sold with partially oriented yarn (POY) were reclaimed during the reporting period
• ~18% Y-o-Y reduction in total scope 1 and scope 2 emissions per rupee of turnover
• 18.44% Y-o-Y reduction in energy intensity per rupee of turnover
• 18.44% Y-o-Y reduction in water intensity per rupee of turnover

Social Achievements

• Reliance Foundation reached 7.5 million+ people through its various interventions
• Zero fatalities at work reported
• 100% of employees and workers covered by organizational insurance and benefits
• Zero sexual harassment complaints
• 93.55% return to work rate of female employees post parental leave
• 86% employees were given skill upgradation training during the reporting year

Governance Achievements

• 100% of employees and workers are covered by code of conduct, anti-bribery, anti-corruption, cybersecurity and related awareness programmes
• Zero instances of anti-competitive conduct

Climate Goals & Targets

Environmental Challenges

• Climate change related disruptions
• Failure to meet growing expectations of addressing environmental impacts
• Inability to keep pace with accelerated transition to a lower-carbon world
• Dependency on freshwater
• Tight crude oil market or other geopolitical developments
• Ecosystem and biodiversity loss
• Inability to attract, retain or develop employees
• Non-adherence to labour regulations
• Changes in the regulatory environment
• Cyber-attack incidents

Mitigation Strategies

• Net Carbon Zero target for 2035
• Periodic reductions in emissions
• Energy optimisation and waste heat recovery projects
• Strategic investments and long-term supplier arrangements
• Periodic environmental impact studies
• Significant investment in R&D
• 3Rs of a circular economy – Reduce, Reuse, Recycle
• Robust business continuity management plans
• Safety and operational risk management framework
• Reliance Group’s Diversity & Inclusion (DEI) Charter
• Digitally enabled comprehensive compliance management framework

Supply Chain Management

Supplier Audits: Over 90% of suppliers engaged with EcoVadis, 11% completed assessment

Responsible Procurement

• Business Partner Code of Conduct
• EcoVadis Sustainability Assessment

Climate-Related Risks & Opportunities

Physical Risks

• Rising temperatures and sea levels
• Heat waves
• Erratic rainfall
• Floods and droughts

Transition Risks

• Regulations relating to use of low-carbon technologies
• Changing customer preferences

Opportunities

• Energy transition
• Development of energy-efficient products

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9000, ISO 14000, OHSAS 18000, ISO 27001, Payment Card Industry Data Security Standard, RC 14001:2015

Third-party Assurance: KPMG Assurance and Consulting Services LLP

Sustainable Products & Innovation

• Recron® Green Gold™ Polyester Staple Fibre (rPSF)
• Green Polyolefin (gPO)
• Waste to Road (W2R)
• Biodegradable Polybutylene adipate terephthalate (PBAT)
• Algae-based Composites
• Biomaterial – nanocellulose and Pet food

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Transition
• Circular Economy
• Diversity & Inclusion
• Community Development
• Health, Safety, and Employee Well-being
• Sustainable Supply Chain Management
• Data Privacy and Cybersecurity

Environmental Achievements

• Reduced energy consumption by 5.28 Million GJ in FY 2023-24
• Increased renewable energy consumption to 6.85 Million GJ
• Commissioned first commercial-scale Compressed Bio Gas (CBG) plant
• Jamnagar refinery received ISCC-Plus certification for producing circular polymers
• Planted over 5,09,000 saplings

Social Achievements

• Onboarded 1,71,116 new employees
• 21.4% women employees across the group
• Over 28.80 Million person hours of training completed
• Reliance O2C and E&P, Reliance Retail and Reliance Jio were certified as a Great Place to Work ®
• Launched ‘Plant4Life’ environmental initiative
• Reliance Foundation touched lives of ~76 Million people

Governance Achievements

• Established robust ESG governance framework
• ESG Committee oversees company’s ESG performance
• Implemented comprehensive compliance management framework
• Robust Vigil Mechanism and Whistle-blower Policy in place
• MSCI upgraded RIL’s ESG rating from BBB to A

Climate Goals & Targets

Environmental Challenges

• Climate change and energy transition risks
• Commodity price volatility
• Customer experience and retention
• Oversight over investee companies/alliances
• Talent acquisition and retention
• Data privacy risks
• Cybersecurity risks
• HSE risks
• Physical security and natural calamity risks
• Regulatory compliance risks
• Treasury risks

Mitigation Strategies

• Strong business continuity management strategies
• Diversified supply chains
• Climate-related considerations integrated into strategic planning
• Diverse sourcing of commodities
• Superior customer experience initiatives
• Strong governance processes and internal controls for strategic alliances
• Talent acquisition, management and retention initiatives
• Privacy-by-design and privacy-by-default approach
• Defence-in-depth cybersecurity strategy
• Robust HSE management system
• Risk management strategies to safeguard assets and reputation
• Digitally enabled comprehensive compliance management framework
• Effective liquidity management

Supply Chain Management

Supplier Audits: 299 vendors audited

Responsible Procurement

• Sustainable Procurement Framework
• Supplier Code of Conduct
• Collaboration with EcoVadis

Climate-Related Risks & Opportunities

Physical Risks

• Unpredictable weather events
• Changes in long-term climate patterns

Transition Risks

• Changes in regulations
• Evolving stakeholder expectations
• Technology advancements

Opportunities

• Development of energy-efficient products
• Transition to renewables

Reporting Standards

Frameworks Used: Integrated Reporting Framework, GRI Standards, National Guidelines for Responsible Business Conduct (NGRBC), United Nations Sustainable Development Goals (UN SDGs), Task Force on Climate-Related Financial Disclosures (TCFD), International Sustainability & Carbon Certification (ISCC) Plus

Certifications: ISO 45001, ISCC Plus, Great Place to Work ®

Third-party Assurance: Deloitte Haskins & Sells LLP and Chaturvedi & Shah LLP

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)

Various initiatives contribute to these goals (Refer to Integrated Approach to Sustainable Growth section)

Sustainable Products & Innovation

• CircuRepol™ and CircuRelene™ (circular polymers)
• ReRoute™ product
• Sustainable packaging
• R|ELAN™ fabric
• RCAT-HTL technology
• Algal protein
• Bio-available vegan iron (R BAGI)
• Spider silk protein
• Bio-based, biodegradable and compostable PHA bioplastics
• JioBharat phone

Awards & Recognition

• Numerous awards across various categories for Retail, Digital Services, Media & Entertainment, O2C, E&P, and CSR initiatives (Refer to Major Awards and Recognitions section)