Godrej Industries : Business Responsibility and Sustainability Report

BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORTING

SECTION A: GENERAL DISCLOSURES

1. Details of the listed entity

1		Corporate Identity Number (CIN)		L24241MH1988PLC097781
2		Name of the Listed Entity		Godrej Industries Limited
3		Year of incorporation		1988
4		Registered office address		Godrej One, Pirojshanagar, Eastern Express Highway,
				Vikhroli (East), Mumbai - 400 079, Maharashtra.
5		Corporate address		Godrej One, Pirojshanagar, Eastern Express Highway,
				Vikhroli (East), Mumbai - 400 079, Maharashtra.
6		E-mail		[e-mail]
7		Telephone		[phone]/20/30
8		Website		www.godrejindustries.com
9		Financial year for which reporting is		2023-24
		being done
10		Name of the Stock Exchange(s)		BSE Limited (formerly Bombay Stock Exchange)
		where shares are listed		National Stock Exchange of India Limited (NSE)
11		Paid-up Capital		₹33,66,90,741/-
12		Name and contact details		Ms. Gayatri Divecha, Head - Good & Green
		(telephone, email address) of the		Email ID:[e-mail]
		person who may be contacted in
		case of any queries on the BRSR
		report
13		Reporting boundary - Are the
		disclosures under this report made
		on a standalone basis(i.e. only for
		the entity) or on a consolidated		Standalone basis
		basis (i.e. for the entity and all the
		entities which form a part of its
		consolidated financial statements,
		taken together)
14		Name of Assurance Provider		Not Applicable
15		Type of Assurance Obtained		Not Applicable

1. Products / Services

16. Details of business activities (accounting for 90% of the turnover):

Sr.	Description of Main Activity	Description of Business	% of Turnover of the
No.		Activity	entity
1	Fatty Acid	Fractionated Fatty acid and	39%
		stearic acid
2	Fatty Alcohol	Mid-cut fatty alcohol	21%
3	Surfactant	AOS, SLES, SLS	21%
4	Glycerine	Refined Glycerine	6%

1

17. Products/Services sold by the entity (accounting for 90% of the entity's Turnover):

Sr. No.	Product/Service	NIC Code	% of total Turnover
			contributed
1	Fatty Acid	20293	39%
2	Fatty Alcohol	20293	21%
3	Surfactant	20233	21%
4	Glycerine	20293	6%

1. Operations

18.	Number of locations where plants and/or operations/offices of the entity are situated:
Location	Number of plants	Number of offices	Total
National	4	4	8
International	0	1	1
19.	Markets served by the entity:
a. Number of locations
Locations		Number
National (No. of States)		Pan India
International (No. of countries)	65+

b. What is the contribution of exports as a percentage of the total turnover of the entity?

About 28% of the turnover is from exports

c. A brief on types of customers

At Godrej Chemicals, we categorize our customer base through value chain position, geographic markets, and business size. We serve base material manufacturers, OEMs, trade partners, contract manufacturers, and more, providing a broad range of products from core chemistries to specialty chemicals. We operate in varied segments like home and personal care, oil and gas, agrochemicals, pharmaceuticals, rubber, chemical & polymer intermediaries, and lubricants & metalworking fluids etc. Our geographic reach spans key markets, serving over 80 countries globally, with a strong domestic presence catering to local businesses, multinational corporations, large enterprises with complex supply chains and SMEs needing personalized solutions, offering tailored services and flexible production capabilities to meet diverse customer needs worldwide.

2

IV. Employees

20. Details as at the end of Financial Year:

1. Employees and workers (including differently abled):

Sr. No.		Particulars	Total (A)		Male		Female
					No. (B)		%	No. (C)	%
							(B / A)		(C / A)
			EMPLOYEES
1.	Permanent (D)	781		630		81	151	19
2.	Other	than Permanent (E)	156		102		65	54	35
3.	Total employees (D + E)	937		732		78	205	22
			WORKERS
4.	Permanent (F)	265		265		100	0	0
5.	Other	than Permanent (G)	807		795		99	12	1
6.	Total employees (F + G)	1,072		1,060		99	12	1

1. Differently abled Employees and workers:

	Sr.			Particulars			Total		Male			Female
	No.						(A)		No. (B)			%		No. (C)		%
												(B / A)				(C / A)
				DIFFERENTLY ABLED EMPLOYEES
1.			Permanent (D)		2		1			50		1		50
2.			Other than Permanent (E)		1		0			0		1		100
3.			Total differentlyabled
				employees		3		1			33		2		67
				(D + E)
					DIFFERENTLY ABLED WORKERS
4.			Permanent (F)		3		3			100		0		0
5.			Other than Permanent (G)		0		0			0		0		0
6.			Total differently abled workers	3		3			100		0		0
				(F + G)

21. Participation / Inclusion / Representation of women:

	Particulars		Total (A)	No. and percentage of Females
				No. (B)	% (B / A)
	Board of Directors		10	3	30%
	Key Management Personnel		2	1	50%
	(excluding Board of Directors)

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22. Turnover rate for permanent employees and workers:

Particulars		FY 2023-24				FY 2022-23			FY 2021-22 (Turnover
	(Turnover rate in		(Turnover rate in		rate in the year prior
		current FY)				previous FY)			to the previous FY)
	Male		Female			Total		Male		Female			Total		Male		Female		Total
Permanent	18		2			20		18		13			17		18		11		17
Employees
Permanent	10		0			10		14		0			10		17		0		17
Workers

1. Holding, Subsidiary and Associate Companies (including joint ventures)

23. Names of holding / subsidiary / associate companies / joint ventures as on March 31, 2024

	Name of the holding / subsidiary /	Indicate whether	% of shares	Does the entity
	associate companies / joint ventures	holding/	held by listed	indicated at
	(A)	Subsidiary/	entity	column A,
		Associate/ Joint		participate in the
		Venture		Business
				Responsibility
				initiatives of the
				listed entity?
				(Yes/No)
Godrej Consumer Products Limited	Associate	23.74%	No
Godrej Properties Limited	Subsidiary	47.34%	No
Godrej Agrovet Limited	Subsidiary	64.88%	No
Godrej Capital Limited	Subsidiary	89.48%	No
Godrej One Premises Management	Subsidiary	14.00%	No
Private Limited
Godrej International Limited	Foreign Subsidiary	100%	No
Godrej International Trading & Investment	Foreign Subsidiary	100%	No
PTE. LTD
VI.	CSR Details

24. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No):

Yes, the provisions of Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014 are applicable to the Company. However, during the Financial Year 2023-24, your Company was not required to spend towards CSR activities as per applicable provisions.

1. Turnover as on March 31, 2024 (in ₹): 27,09,43,39,816.53
2. Net worth as on March 31, 2024 (in ₹): 15,16,11,53,250.78

4

VII.	Transparency and Disclosures Compliances

25. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:

	Stakeholder group			Grievance Redressal			FY 2023-24			FY 2022-23
	from whom			Mechanism in Place
	complaint is			(Yes/No), (If Yes, then		Number of	Number of	Remarks	Number of	Number of	Remarks
	received			provide web-link for		complaints	complaints		complaints	complaints
				grievance redress		filed during	pending		filed during	pending
				policy)		the year	resolution at		the year	resolution at
							close of the			close of the
							year			year
	Communities		Yes, a mechanism is in	Nil	Nil	We haven't	Nil	Nil	We haven't
				place to interact with			received any			received any
				community leaders to			complaints			complaints
				understand and			from the			from the
				address their			communities			communities
				concerns, if any.			that we			that we
								operate in.			operate in.
	Investors (other		NA	NA	NA	The	NA	NA	The
	thanshareholders)						Company			Company
								does not			does not
								have			have
								investors			investors
								other than its			other than its
								shareholders			shareholders
								and			and
								debenture			debenture
								holders.			holders.
	Shareholders		Yes, the Company has	39	39	The	51	51	The
				an email id for			complaints			complaints
				reporting any			were duly			were duly
				grievance and			resolved			resolved
				complaints of			during the			during the
				investors on			financial year			financial year
				investor@godrejinds.c			to the			to the
				om. Alternatively,			satisfaction			satisfaction
				shareholders can			of			of
				lodge complaints on			shareholders			shareholders
				https://scores.gov.in/s
				cores/Welcome.html
	Employees and		Yes. our employees /	Nil	Nil	-	Nil	Nil	-
	Workers		workers can share
				their grievances or
				queries by directly
				writing to their
				respective HR
				managers. We also
				have a comprehensive
				Whistle Blower policy,
				which allows and
				encourages
				employees to bring to
				the management's
				notice concerns about
				suspected unethical
				behaviour,

5

	Stakeholder group			Grievance Redressal			FY 2023-24			FY 2022-23
	from whom			Mechanism in Place
	complaint is			(Yes/No), (If Yes, then		Number of	Number of	Remarks	Number of	Number of	Remarks
	received			provide web-link for		complaints	complaints		complaints	complaints
				grievance redress		filed during	pending		filed during	pending
				policy)		the year	resolution at		the year	resolution at
							close of the			close of the
							year			year
				malpractice, wrongful
				conduct, fraud and
				violation of the
				company's policies.
				Policy can be
				accessed at
				https://godrejindustrie
				s.com/public/uploads
				/policies_and_codes/
				Whistle_Blower_Policy
				_effective_08112023.p
				df.
	Customers		Yes. Our Consumers	Nil	Nil	-	Nil	Nil	-
				can reach out to the
				Sales Persons /
				Marketing Head /
				Production Head /
				Quality Control Head
				to share their
				grievances against our
				products and services;
				They can also speak to
				our executives to raise
				any query/grievance
				about our products.
				Policy can be
				accessed at
				https://godrejindustrie
				s.com/public/uploads
				/policies_and_codes/
				Whistle_Blower_Policy
				_effective_08112023.p
				df
	Value Chain		Yes. Our Value Chain	Nil	Nil	-	Nil	Nil	-
	Partners		partners, and
				Business Associates
				can reach us /
				Business Head where
				they can share their
				grievances or queries.
				For safeguarding the
				interests of value
				chain partners,
				grievance redressal
				mechanism is detailed
				in the Whistle Blower
				Policy of the
				Company, Policy can
				be accessed at
				https://godrejindustrie

6

	Stakeholder group			Grievance Redressal			FY 2023-24			FY 2022-23
	from whom			Mechanism in Place
	complaint is			(Yes/No), (If Yes, then		Number of	Number of	Remarks	Number of	Number of	Remarks
	received			provide web-link for		complaints	complaints		complaints	complaints
				grievance redress		filed during	pending		filed during	pending
				policy)		the year	resolution at		the year	resolution at
							close of the			close of the
							year			year
				s.com/public/uploads
				/policies_and_codes/
				Whistle_Blower_Policy
				_effective_08112023.p
				df
	Other (please		NA	NA	NA	NA	NA	NA	NA
	specify)

26. Overview of the entity's material responsible business conduct issues

Please indicate Material responsible business conduct and sustainability issues pertaining to environmental and social matters that present a risk or an opportunity to your business, rationale for identifying the same, approach to adapt or mitigate the risk along-with its financial implications, as per the following format:

Sr.

Material issue

Indicate

Rationale for

In case of risk,

Financial implications of

No.

identified

whether risk

identifying the risk /

approach to adapt or mitigate

the risk or opportunity

or

opportunity

(Indicate positive or

opportunity

negative

(R/O)

implications)

1

Emission

Risk

Rising power demand has

We are already transitioning to lower

Negative Implication

resulted

in

higher

emissions technology by reducing our

dependence

on

costlier

specific

energy

consumption

and

coal imports as supplies

increasing

our

renewable energy

from

domestic

sources

sources. Close to 56 % of the energy

are

still

insufficient

to

we use is from renewable sources

meet

increased

energy

such as wind, solar and biomass.

demand.

2

Water & effluents

Risk

We

are

dependent

on

We are working to reduce our water

Negative Implication

surface

water

for

consumption in the processes and

production

which

is

installed

water

efficient

equipment.

dependent on rain. If we

Both our manufacturing plants are

receive less rain in a year, it

Zero Liquid Discharge compliant. Our

will impact our production

strategy is to treat used industrial

and we have to buy water

water on site and reuse water for

from other sources.

process / utilities.

3

Health and safety

Risk

and

Given the nature of our

We have health and safety policy and

Positive Implication

Opportunity

business

health

& safety

at individual plant level and all the

related

risks

in

manufacturing

sites

are

ISO

manufacturing operations

45001:2018

compliant.

We

have

is one of our top priorities.

implemented various initiatives to

Operational

risks

and

ensure health and safety of

natural hazards are likely

employees across our locations both

business disruptions.

at operational level and managing

natural hazards. At plants, we ensured

this by creating task forces to monitor

and implement health & safety

measures going beyond compliance

and adopting industry best practices.

7

Sr.

Material issue

Indicate

Rationale for

In case of risk,

Financial implications of

No.

identified

whether risk

identifying the risk /

approach to adapt or mitigate

the risk or opportunity

or

opportunity

(Indicate positive or

opportunity

negative

(R/O)

implications)

4

Training

and

Risk

Given

the

context of

Our strategic

people

management

Negative Implication

Development

rapidly

expanding

framework is designed to create value

Chemicals sector, attrition

& execute the business strategy. Built

of our key talent with niche

on three pillars of talent, organization

skillsets and that of our

& culture, we strive towards creating

diverse talent pool is a risk

agile & inclusive workplace by

which

can

impact

defining

&

developing

new

business

continuity

and

capabilities

and accelerating

total

growth .

engagement to build a high

performance team. We focus our

efforts towards nurturing & sustaining

the thriving culture that exists at GIL

Chemicals which has helped deliver

strong business performance.

5

Employee

Well

Opportunity

We

ensure

goal

setting,

We are regularly reviewing and

Positive Implication

Being &

Worker

performance reviews and

auditing our people processes and

Management

reward

and

recognitions

interventions for their efficiency and

are done in a very

effectiveness in alignment with the

structured way to keep our

larger

objective

of

business

employees engaged.

performance.

6

Sustainable

Risk

Consumers are now more

Sustainable Supply Chain: We have

Positive Implication

Supply Chain

aware

of

the

using

made our sustainable palm oil policy

products

made

using

and have taken goal of achieving

materials

sourced

from

100% transparency upto mills and

sustainable

sources. Any

refineries in our palm supply chain. To

negative

feedback

or

achieve that we collaborate with our

concerns

from

our

suppliers and have also became a

stakeholders

can

impact

part of Action for sustainable

our brand value. In the last

derivative (ASD). ASD is a

two years, we have seen

collaborative

initiative

which

brings

multiple

queries

and

together companies in the cosmetics,

clarification

from

our

home and personal care, and oleo

major

customers

chemicals

industries

to

collectively

regarding transparency in

tackle supply chain issues around

our

supply

chain

and

palm oil and palm kernel oil

grievance mechanism.

derivatives. We are also one of the

leading Indian entity who is a part of

RSPO

7

Customer Health

Opportunity

Availability

of consistent

Our philosophy is Life Essential

Positive Implication

and Safety

high

quality

and

safe

Crafted with Care. We are committed

products

with

high

to deliver consistently high quality

customer

service

to

/and high performing products and

customer.

services to our customers. Our

products are widely used in personal

and home care industry globally,

customer health and safety and

product quality is paramount to us.

We focus relentlessly on continuous

improvement in quality in all domains

and implemented key best practices

at our sites, which enables it to meet

the stringent quality benchmarks set

8

Sr.	Material issue	Indicate	Rationale for	In case of risk,		Financial implications of
No.		identified	whether risk	identifying the risk /	approach to adapt or mitigate	the risk or opportunity
			or	opportunity						(Indicate positive or
			opportunity							negative
			(R/O)							implications)
					by multinational customers for the
					product qualifications.	Quality	is
					reviewed by teams and top
					management at regular levels to
					ensure	compliance	and
					improvements.	Both factories	are
					currently certified as per latest ISO
					standards, i.e., ISO 9001:2015 (QMS),
					ISO 14001:2015 (EMS) and ISO
					45001:2018	(OH&S).	Ambernath
					completed		IATF	(Automotive
					certification for tyre industries) and
					responsible		care	certification
					whereas Valia become first chemical
					manufacturing company in India to
					receive Platinum rating in Green Co
					Audit by CII. Both the units are
					compliant on SMETA 4.0 Pillar and are
					certified by BVQI. The units are
					audited on- Labour Standards, Health
					and Safety,		Environment	and
					Business Ethics. Currently, both units
					are Silver rated on Ecovadis platform.
					Ambernath plant is also certified with
					ISO 22716:2007 for COSMETIC-
					GOOD MANUFACTURING PRACTICES
					(GMP). The site is also certified with
					FOOD	SAFETY	SYSTEM
					CERTIFICATION	22000	for refined
					glycerine manufacturing. Majority of
					our C16-C18 alcohol grades are
					covered under COSMOS certification.
					The certification helps labelling the
					product as natural or organic. Majority
					of the finished products at both
					locations are Kosher certified, HALAL
					certified and some are also REACH
					registered to meet the EU regulation.

9

SECTION B: MANAGEMENT AND PROCESS DISCLOSURES

This section is aimed at helping businesses demonstrate the structures, policies and processes put in place towards adopting the NGRBC Principles and Core Elements.

The National Guidelines on Responsible Business Conduct (NGRBC) released by the Ministry of Corporate Affairs has updated and adopted nine areas of Business Responsibility. These are briefly as under:

P1

Businesses should conduct and govern themselves with integrity, and in a manner that is Ethical,

Transparent and Accountable.

P2

Businesses should provide goods and services in a manner that is sustainable and safe

P3

Businesses should respect and promote the well-being of all employees, including those in their value

chains

P4

Businesses should respect the interests of and be responsive to all its stakeholders

P5

Businesses should respect and promote human rights

P6

Businesses should respect and make efforts to protect and restore the environment

P7

Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is

responsible and transparent

P8

Businesses should promote inclusive growth and equitable development

P9

Businesses should engage with and provide value to their consumers in a responsible manner

Disclosure Questions

P1

P2

P3

P4

P5

P6

P7

P8

P9

Policy and management processes

1.

a. Whether your

entity's policy/policies

Y

Y

Y

Y

Y

Y

Y

Y

Y

cover each principle and its core elementsof

the NGRBCs. (Yes/No)

b. Has the policy been approved by the

Y

Y

Y

Y

Y

Y

Y

Y

Y

Board? (Yes/No)

c. Web Link of the Policies, if available

https://www.godrejchemicals.com/sustainability/codes-

and-policiesand

https://godrejindustries.com/investors/listing-compliance

2. Whether the entity has translated the policy

Y

Y

Y

Y

Y

Y

Y

Y

Y

into procedures. (Yes / No)

3. Do the enlisted policies extend to yourvalue

Y

Y

Y

Y

Y

Y

Y

Y

Y

chain partners? (Yes/No)

4.

Name of the national and international

The policies are based on prescribed principles,

codes / certifications / labels / standards (e.g.

conformance to the spirit of international standards like

Forest Stewardship

Council, Fairtrade,

ISO 9000, ISO 14000, ISO 45001, UNGC guidelines and ILO

Rainforest Alliance, Trustea) standards (e.g.SA

guidance.

8000, OHSAS, ISO, BIS) adopted by your entity

and mapped to each principle.

5.

Specific commitments, goals and

We continue to uphold Godrej Group's Good and Green

targets set by the entity with defined

vision, that aims to create a more inclusive and greener

world.

timelines, ifany.

In order to achieve this vision, we have set targets for

ourselves thereby making Sustainability a key part of our

manufacturing process and value chain.

• Our Targets are Aim for Zero (No Fatality, Zero Major

process

safety

incident

&

Dangerous

occurrences).

10