S. No. Material issue identified Indicate whether risk or opportunity (R/O) Rationale for identifying the risk/ opportunity In case of risk, approach to adapt or mitigate Financial implications of the risk or opportunity (Indicate positive or negative implications) 7 Energy and emission Management Risk Climate change mitigation necessitates a reduction in energy usage and emissions footprint through the deployment of carbon reduction initiatives. The Company level policy on Energy Management acts as a guideline for managing and optimising energy consumption and emissions, in line with India’s goal of being Net Zero. Negative – The process of identification and quantification of the financial implications of the identified risks and opportunities is currently ongoing. 8 Consumer Welfare Opportunity To position ourselves as market leaders and the most trusted consumer brand. Heritage has built legacy brands while sustaining strong market connections to ensure consumer welfare. Positive – Consumer goodwill will translate into product sales. 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. Disclosure Questions P1 P2 P3 P4 P5 P6 P7 P8 P9 Policy and management processes 1. a. Whether the Company’s policy/policies cover each principle and its core elements of the NGRBCs. (Yes/No) Yes Yes Yes Yes Yes Yes Yes Yes Yes b. Has the policy been approved by the Board? (Yes/No) Yes Yes Yes Yes Yes Yes Yes Yes Yes c. Weblink of the policies, if available Policies are available in the link mentioned below https://www.heritagefoods.in/policy 2. Whether the Company has translated the policy into procedures. (Yes/ No) Yes Yes Yes Yes Yes Yes Yes Yes Yes 3. Do the enlisted policies extend to the Company’s value chain partners? (Yes/No) No No No No No No No No No 4. Name of the national and international codes/certifications/ labels/ standards (e.g. Forest Stewardship Council, Fairtrade, Rainforest Alliance, Trustea) standards (e.g. SA 8000, OHSAS, ISO, BIS) adopted by the Company and mapped to each principle. 1. ISO 22000:2018 (Food Safety Management System) 2. ISO 9001:2015 (Quality Management System) 3. ISO 45001:2018 (Occupational Health & Safety) 4. ISO 14001:2015 (Environmental Management System) 5. ISO 50001:2018 (Energy Management System) 6. HALAL Certification by JUHF The Company also has AgMark, BIS and EIA certificates. 5. Specific commitments, goals and targets set by the Company with defined timelines, if any. To be a nationally recognised brand for healthy and fresh products . 6. Performance of the Company against the specific commitments, goals and targets along with reasons, in case the same are not met. Key Performance targets across ESG parameters are set internally and tracked and acted upon continuously Heritage Foods Limited | 31st Annual report 2022-23 110
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