Engaging with our Stakeholders

Engaging effectively with stakeholders enables us to understand and respond to their interests and expectations. It is an important driver for building long-term relations which facilitates us in delivering on our strategy.

Importance of material issues in business context and how we address them

Highly Critical Material Aspects

Key stakeholders and their relevant matters

Appreciation in share price and growth in dividends, business profitability and sustainability, high-level of corporate governance, environmental sustainability, financial stability and development prospects

Relevant Material Issues

M3
M12

Various Platforms/Forums of Engagement

Annual General Meeting (AGM), Integrated Report to shareholders, investor/analysts meets, quarterly results, media releases, company website, reports to stock exchanges

Key stakeholders and their relevant matters

Consistent quality, responsiveness to needs, aftersales service, sustainability, responsible guidelines, climate change disclosures, sustainability performance, responsible mining code, product quality and high-value products, health & safety, responsible marketing

Relevant Material Issues

M1
M2
M5
M6
M7

Various Platforms/Forums of Engagement

Distributor/ retailer/ direct customer meets, senior leaders customer meets/visits, customer plant visits, COO club, achievers meet, KAM workshops, focus group discussion, membership in trade organisation/ associations, complaints management, helpdesk, conferences, joint business development plans, information on packaging, customer surveys, CDP climate, water and supply chain reporting

Key stakeholders and their relevant matters

Quality issues, timely delivery, sustainability performance, safety checks, compliances, ethical behaviour, ISO and OHSAS Standards, on time payment

Relevant Material Issues

M2
M9
M12

Various Platforms/Forums of Engagement

Supplier prequalification/vetting, suppliers meets, supplier plant visits, partnership meetings, MoU agreements, trade association meets/seminars, professional networks, Bhagidhari Sabha, contract management/review, product workshops/on site presentations, framework agreements

Key stakeholders and their relevant matters

Responsible care, innovation, operational efficiencies, improvement areas, employee engagements, Long Term Strategy Plans, employee benefits, training, awareness, brand communication, Health & Safety

Relevant Material Issues

M2
M9
M12
M13
M15

Various Platforms/Forums of Engagement

Senior leaders' communication/talk, senior leadership forum, town hall briefing, goal setting and performance appraisal meetings/performance review, exit interviews, arbitration/union meetings, wellness initiatives, focus on workplace safety, employee engagement survey, email, intranet, flat screens, websites, poster campaigns, house magazines, confluence, circulars, quarterly publication, intranet, theatre workshops (oorja), newsletters

Key stakeholders and their relevant matters

Climate change roadmap, sustainability frameworks, policy advocacy, discussions on Plastic Waste Management Rule, framework beyond compliance and responsible care, timely contribution to exchequer, proactive engagement, contribution to local infrastructure, skill and capacity building, sustainable livelihood, clean and safe environment

Relevant Material Issues

M3
M5
M9
M10
M11
M12

Various Platforms/Forums of Engagement

Advocacy meetings with local/state/national government and ministries, seminars, media releases, conferences, membership in local enterprise partnership, membership in industry bodies such as ICC, BCCI, CII, etc.