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| "Your Company received recognition for its outstanding initiatives in sourcing and supply chain management, winning awards in the Food, Perishables, Beverages & FMCG category at the CII SCALE Awards 2023 and the FICCI Sustainable Agriculture Awards 2023 for its efforts in sustainable agriculture. The Business is actively collaborating with esteemed research institutions to enhance the efficiency and competitiveness of the agri-value chain, while also expanding its crop development programs and introducing superior seed varieties across several states in India. A strong emphasis on proprietary crop intelligence and customized blends is expected to bolster the Company’s Branded Packaged Foods segment in the future, alongside a commitment to promoting millets as a nutritious and climate-resilient crop. The Company has launched a comprehensive Climate Smart Agriculture program across multiple states to improve agricultural resilience and productivity through advanced agronomy practices and precision farming techniques. Efforts to enhance exports have led to significant investments in facilities that connect farmers with global markets, reflecting the Company’s dedication to transforming the agri-ecosystem into demand-responsive value chains. Surya Nepal Private Limited faced economic challenges in Nepal but maintained its market position in the cigarette industry by focusing on product quality and distribution, while also expanding into new product categories like biscuits and confectionery. The company has established a new subsidiary to manufacture and distribute FMCG products, further diversifying its business operations in Nepal. ITC Infotech India Limited experienced robust revenue growth despite a slowdown in the global technology sector, driven by strategic partnerships and a focus on customer-centric solutions. The company has been recognized for its technology-led solutions and capabilities, receiving accolades from various industry benchmarking reports and awards. Looking ahead, the company plans to continue investing in talent development and expanding its technology capabilities to strengthen its position as a leading provider of business solutions. The company aims to maintain its status as one of India's most respected and valuable organizations, focusing on creating lasting value for all stakeholders. Its vision is guided by the principle of ""Nation First: Sab Saath Badhein,"" which emphasizes core values such as Trusteeship, Transparency, Empowerment, Accountability, and Ethical Citizenship. The CSR policy is designed to address various social issues, including poverty alleviation, education, healthcare, sanitation, environmental sustainability, and cultural preservation." | |
| "The company has identified specific focus areas for its CSR initiatives based on stakeholder needs, such as creating sustainable livelihoods and enhancing education and healthcare. The CSR and Sustainability Committee plays a crucial role in overseeing and guiding the company's CSR efforts to achieve its sustainability goals. The primary beneficiaries of the CSR programs are rural communities and those living near the company's production facilities. The company’s CSR initiatives include promoting preventive healthcare, education, women's empowerment, environmental sustainability, and the protection of national heritage. Impact assessments of CSR projects are conducted to evaluate their effectiveness and sustainability. The company has implemented a Two Horizon approach for its CSR programs, focusing on immediate livelihood strengthening and long-term capability building. The impact assessments have shown significant improvements in health, education, and economic empowerment among the targeted communities. The financial summary indicates that the company has met its CSR spending obligations for the year, with a total expenditure exceeding the required amount. There are no unspent CSR amounts from previous years, and the company has not created any capital assets through its CSR spending this financial year. The Central Tobacco Research Institute (CTRI) has found that there are no equally profitable alternative crops for regions that grow FCV tobacco. The Company is actively working with policymakers to establish fair and evidence-based regulations and taxation that balance economic needs with tobacco control goals. Manufacturing facilities are being upgraded with modern technologies to foster innovation and improve productivity, setting new standards in quality and sustainability. The Company has received recognition for operational excellence, including an award for its Kidderpore unit, and is committed to resource conservation and adopting advanced technologies. Sustainability efforts have been acknowledged, with several units receiving prestigious certifications and awards for energy management and water stewardship. Despite a challenging economic environment, the Company's FMCG sector outperformed the industry, driven by deep consumer insights and innovative product launches focused on health and convenience. The Branded Packaged Foods segment remains a leader in the market, continuously innovating to meet consumer demands and expanding its export reach. The Company is dedicated to creating a sustainable ecosystem in the food processing sector, enhancing market linkages, and improving resource efficiency." | |
| "The Personal Care Products Business is focusing on brand building and innovation to meet evolving consumer preferences, with a strong emphasis on premium offerings and natural ingredients. Your Company is committed to a bold Sustainability 2.0 agenda that addresses climate change and social inequity through inclusive strategies. It aims to enhance renewable energy usage significantly and achieve net-zero emissions while promoting sustainable livelihoods and water security. The Company is focused on creating a circular economy for packaging waste and restoring biodiversity through nature-based solutions. In the past year, the Company has already met its 2030 renewable energy target ahead of schedule, achieving over half of its total energy needs from renewable sources. Progress has also been made in reducing energy consumption and greenhouse gas emissions, as well as in water conservation efforts. The Company has maintained its plastic neutrality by managing more plastic waste than it generates and has expanded its sustainable agriculture initiatives to cover a substantial area. A comprehensive sustainability management approach is in place, ensuring stakeholder engagement and monitoring of sustainability impacts across its operations. The Company’s latest Sustainability Report adheres to global reporting standards and has received third-party assurance. It has sustained a high MSCI-ESG rating and has been recognized in various sustainability indices, reflecting its commitment to responsible business practices. The Company’s climate strategy emphasizes both transitioning to a low-carbon economy and adapting to climate change impacts through extensive risk assessments and the development of climate-resilient agricultural practices. Efforts in water stewardship include integrated management approaches that enhance water-use efficiency and support local communities in achieving water security. The Company has made significant strides in rainwater harvesting and has received high-level certifications for its water management practices. In the realm of green building, the Company has pioneered sustainable construction practices, achieving numerous certifications for its buildings and hotels, reinforcing its commitment to responsible luxury. The Company is also advancing its circular economy initiatives by achieving high recycling rates and optimizing packaging to minimize environmental impact, ensuring that all packaging will be reusable, recyclable, or compostable in the future. Overall, the Company is dedicated to making a meaningful contribution to sustainability while enhancing its operational efficiency and social responsibility." | |