Page 7 - ABG ESG Report
P. 7

ESG is the new currency
          with which a company's

          ability to sustain itself is

          being transacted.

          I feel very enthusiastic about the ESG   To complement these enablers, we have   rankings. DJSI also ranked ABFRL as
          targets we have adopted at the Group   various tools, either developed in-house   Asia's 'Most Sustainable Company' in the
          and business levels and the partnerships   or procured through expert networks.   Textile, Apparel & Luxury Goods
          we have forged towards achieving them.   The mainstay being the ABG Sustainable   Industry'. Birla Cellulose was again
          These performance targets at ABG and   Business Framework of policies,   ranked #1 among all MMCF producers
          its businesses are re ective of the   standards and guidance notes. The   globally in Canopy's Hot Button Report
          material areas, you can see the details in   standards are being implemented   2020 with 'dark green shirt' rating.
          subsequent sections of this report. They   through self-assessment questionnaires
                                                                                  I am eagerly looking forward to our
          have been identi ed and developed   (SAQs) that monitor the progress of
          through our sustained interactions with   processes being set up on material ESG   ongoing Sustain-ability 2.0 Journey.
          all key stakeholders and our        issues. This is complemented through   Going forward, as a Group, we will
          understanding of the megatrends. For   projects and initiatives on achieving   continue to deliver on our committed
          example, we recognise that climate   Group and business level ESG       ESG targets; explore and leverage
          change needs to be addressed through   performance targets and associated   advanced technology whether it is
          operational changes of decarbonisation   roadmaps.                      developed by large existing tech players
          as well as the need for adapting to the                                 or start-ups; take stewardship positions
          changes in rainfall and weather patterns   We partner with many external expert   in the kind of products we make
          that are already playing out.       organisations, academic institutions,   through circularity; extend the circle of
                                              think tanks, membership-based       ESG by bringing in suppliers, customers
          The rubber meets the road when we   organisations to consistently enhance   and consumers, and most importantly,
          implement action plans to update the   our learning and capabilities, improving   collaborate with all stakeholders for
          processes and reach the performance   our processes, and newer technological/   shared prosperity and growth.
          targets in Group businesses across all   digital solutions. This is seamlessly
          locations. The action plans are     supported through internal stakeholders   Hope you  nd this Group ESG
          incorporated in annual plans and a   by the way of working groups. Together,   Performance Report insightful, useful
          clearly de ned set of key performance   we are working as 'OneABG' to improve   and impactful. I look forward to your
          indicators (KPIs) are used for measuring   our ability to sustain through cross-  views and feedback on the same so that
          and monitoring progress. Five key   functional working groups and       we can keep raising the sustainability
          enablers form the backbone of all our   knowledge partners.             bar.
          action plans– (i) having the right people
                                              It is an honour for us to be recognised
          for the right job; (ii) ensuring right
          systems are in place; (iii) providing and   internally as well as externally for the   Deeksha Vats
                                              progress that we have made till now.   Chief Sustainability Officer (CSO),
          maintaining right assets and
                                              Hindalco was recognised as Aluminium   Aditya Birla Group
          equipment; (iv) deploying right
                                              Industry Leader for its sustainability
          technologies including processes in   performance in the 2020 and 2021
          addition to use of digital tools; and (v)
                                              edition of the S&P Dow Jones
          drawing the right partnerships and
                                              Sustainability Indices (DJSI) Corporate
          platforms that create synergies.
                                              Sustainability Assessment (CSA)

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