BRSR STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 98 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD Sl. 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. The mitigation is under progress with completion targeted in 2025-26. NegativeThe 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 and long term customer loyalty for present , upcoming and future product lines. 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 P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9 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 1. https://www.heritagefoods.in/policy 2. https://www.heritagefoods.in/static/images/pdf/policies/ hfl-br-policy.pdf 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. • ISO 22000:2018 (Food Safety Management System) • ISO 9001:2015 (Quality Management System) • ISO 45001:2018 (Occupational Health & Safety) • ISO 14001:2015 (Environmental Management System) • ISO 50001:2018 (Energy Management System) • HALAL Certification by JUHF • FSSC 22000 v 5.1 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 in dairy , drinkables segment .
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