We ensure that we follow high standards of corporate governance. We combine governance with a rigorous
and transparent approach to reporting to maintain the trust of our stakeholders.
Our Board of Directors are responsible to delivery against our company strategy with our executive leadership team. They set our values and standards, and oversee sustainability and corporate responsibility.
The Board Risk Committee discusses the risks and opportunities of the company and reviews it formally at least twice a year. ESG risks, especially climate-change related financial and physical risks are now part of our ERM (enterprise risk management) and they play a crucial role in our company performance and growth.
Our ESG governance is a multi-tiered structure that ensures strategic oversight, operational accountability, and organisation-wide engagement. At the top we have the Board-level ESG Committee that provides high-level direction and oversight on all ESG priorities, and climate risks.
Reporting into this Board Committee is the Executive ESG Committee led by the Head of Sustainability and CSR (Godrej Industries Group level Chief Sustainability Officer). This cross-functional committee of senior executives across functions and geographies drive the integration of ESG goals, such as climate risk management, human and labour rights, and ethical governance, among others into business strategy and operations.
For us to be transparent to our stakeholders our public reporting on our sustainability performance is a crucial component. Our sustainability performance is detailed in our Annual Integrated Report, ESG Factbook and our website. In 2023, we developed our understanding of our climate-related financial and physical risks and opportunities as part of the Task Force on Climate-related Financial Disclosures (TCFD) requirements. We also report on SEBI’s Business Responsibility and Sustainability Reporting disclosures and even follow the Global Reporting Initiative (GRI) standards for reporting certain sustainability parameters. We adhere to the following reporting standards and frameworks –
UN Sustainable Development Goals (SDGs)
We fully support delivery of all the SDGs by 2030. We believe we can make the biggest impact on 7 goals: SDG 1 no poverty, SDG 3 good health and wellbeing, SDG 5 gender equality, SDG 6 clean water and sanitation, SDG 10 reduced inequalities, SDG 12 responsible consumption and production, and SDG 13 climate action.
Task Force on Climate-related Financial Disclosures (TCFD)
Our TCFD disclosure provides us and our stakeholders climate-related information and insights into how we are mitigating and adapting to climate-related physical and financial risks and opportunities.
Global Reporting Initiative (GRI)
We report sustainability parameters in reference to GRI Standards. We have a GRI index of the indicators that we’ve reported and have been assured by and independent assurer.
United Nations Global Compact
We signed up to the UN Global Compact in 2024 and committed to report our progress against the ten principles of the UN Global Compact.
In FY2024 and FY2025, our sustainability disclosures were assured by KPMG Assurance and Consulting Services LLP.