7. Provide details of any corrective action taken or underway on issues related to fines / penalties / action taken by regulators/ law enforcement agencies/ judicial institutions, on cases of corruption and conflict of interest. Not applicable Leadership Indicators 1. Awareness programmes conducted for value chain partners on any of the Principles during the financial year: Total number of awareness programmes held Topics / principles covered under the training %age of value chain partners covered (by value of business done with such partners) under the awareness programmes The Company has not organised dedicated training sessions on the NGRBC principles for our value chain partners for FY 2022 -23. However, core components of the principles are discussed during vendor onboarding, evaluation and periodic review meetings with some of the important vendors. 2. Does the entity have processes in place to avoid/ manage conflict of interests involving members of the Board? (Yes/No) If Yes, provide details of the same. The Company has a Code of Conduct for the Board and Senior Management, which includes areas of ethics, integrity and honesty, and provides guidelines and processes on addressing unethical behavior. The Code also details the processes in place to manage conflicts of interest involving board members, contributing to a culture of transparency and accountability. Principle 2: Business should provide goods and services in a manner that is sustainable and safe. The Company understands the risks associated with goods and services and the subsequent environmental impacts they may have. To ensure an eco-friendly sourcing process, the Company actively engages in various Environmental and Social Impact (ESI) initiatives that support and empower farmers in supplying milk. These initiatives not only ensure a sustainable supply chain but also promote responsible farming practices and benefit the agricultural community as a whole. Moreover, the Company is committed to mitigating the adverse effects of plastic waste. It actively participates in plastic recycling initiatives, recognizing the importance of responsible waste management. By promoting recycling and seeking innovative solutions, the Company strives to minimize plastic waste and contribute to a circular economy that conserves resources and reduces environmental harm. Through these combined efforts, the Company demonstrates its dedication to sustainable practices, environmental stewardship, and positive socio-economic impacts. By prioritizing responsible sourcing and actively engaging in recycling initiatives, the Company sets an example for others in the industry to adopt similar environmentally conscious practices. Together, we can work towards a greener and more sustainable future. Essential Indicators 1. Percentage of R&D and capital expenditure (capex) investments in specific technologies to improve the environmental and social impacts of products and processes to total R&D and capex investments made by the entity, respectively. Segment FY2023 FY2022 Details of improvements in environmental and social impacts R&D 30.00% 25.00% The Company has a product development centre at Hyderabad for R&D of various new products. Capex 11.00% 3.88% The Company has capex investments in specific technologies to improve the environmental and social impacts of products and processes Heritage Foods Limited | 31st Annual report 2022-23 114
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