2. List stakeholder groups identified as key for the Company and the frequency of engagement with each stakeholder group. Stakeholder Group Whether identified as vulnerable & marginalised group (Yes/No) Channels of communication (Emails, SMS, Newspapers, Pamphlets, Advertisements, Community Meetings, Notice Board, Website, Others) Frequency of engagement (Annually, Half yearly, quarterly / others- please specify) Purpose and scope of engagement including key topics and concerns raised during such engagement Employees No Email Others - On need basis The feedback of employees is collected in all such engagements and acted upon subsequently Shareholders and investors No Email Others - Frequent and need based To give an update on the developments in the Company Customers No Others Others - Frequent and need based Stay in touch with customers and to receive their feedback on various products that the Company manufactures and deals with. Vendors and suppliers No Others Others - Frequent and need based Stay in touch with vendors and suppliers, who supply and deal in the products of the Company. Communities and NGOs No Others Others - Frequent and need based For supporting various initiatives taken for community development Leadership Indicators 1. Provide the processes for consultation between stakeholders and the Board on economic, environmental, and social topics or if consultation is delegated, how is feedback from such consultations provided to the Board. The Company maintains consistent and proactive engagement with our major stakeholders, that allows the Company to articulate the strategy and results. To align expectations, the Company encourages effective communication and participation. The Board is regularly updated on important developments, and their feedback is solicited. 2. Whether stakeholder consultation is used to support the identification and management of environmental, and social topics (Yes / No). If so, provide details of instances as to how the inputs received from stakeholders on these topics were incorporated into policies and activities of the entity. Yes, the stakeholder engagement included consultation of ESG topics. The materiality assessment identified a list of material themes that are the most relevant and applicable to the Company, and measures will be taken in response to them. The Company make certain that it incorporates stakeholder inputs into processes and policies. 3. Provide details of instances of engagement with, and actions taken to, address the concerns of vulnerable/ marginalized stakeholder groups. The Company conducts need assessments in the communities it operates prior to starting the projects there. All the projects involve active stakeholder consultations and engagements to understand their stance and address their concerns. Principle 5: Business should respect and promote human rights. The Company understands that safeguarding human rights is not just a moral obligation but also a vital responsibility that shapes its business practices. It is committed to fostering an inclusive, equal, and respectful culture that values every individual, regardless of their background. By upholding the inherent dignity and rights of all, the Company strives to create a positive and empowering work environment that enables everyone to thrive. Recognizing the importance of human rights, the Company promotes diversity, inclusivity, and equal opportunities for its employees. It ensures fair and respectful treatment for all individuals and values diverse perspectives and experiences. By nurturing such an environment, the Company encourages creativity, innovation, and collaboration among its workforce, driving sustainable and ethical business operations. Heritage Foods Limited | 31st Annual report 2022-23 122
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