BRSR STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 99 HERITAGE FOODS LTD | 32ND ANNUAL REPORT 2023-24 Disclosure Questions P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9 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. These are Waste Generation, Water usage , Energy Consumption Efficiency, cost reduction through technology . Over the past year, Heritage Foods has invested in energy-efficient equipment, implemented water-saving measures, and launched a comprehensive recycling program. It has also worked to improve supply chain sustainability by promoting responsible farming practices among its suppliers . In cases where sustainability targets are not met, the company has a plan in place to identify the root causes and take corrective action. This may include investing in new technologies, revising operational procedures, or providing additional training for staff that is planned until FY 2025. Heritage Foods has also implemented ISO 14001:2015 (Environmental Management System) and ESG KPI and actual results are now being technologically tracked from FY 24-25 onwards for more control over the sustainability measures in the company and its operations . Governance, leadership and oversight 7. Statement by Director, responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements (listed entity has flexibility regarding the placement of this disclosure) Mrs. N. Bhuvaneswari - Vice Chairperson & Managing Director As the Managing Director responsible for business responsibility, the Company has made significant progress in addressing key Environmental, Social and Governance (ESG) challenges. Our focus on sustainability has not only helped us meet our targets but also improved the overall impact of our operations on the environment, our stakeholders and the communities we serve. The Company has achieved important milestones such as reducing our carbon footprint, increasing our engagement with suppliers to ensure ethical sourcing practices and investing in local communities through various initiatives. We are committed to continuously improving our ESG performance and are setting new targets for the future. 8. Details of the highest authority responsible for implementation and oversight of the Business Responsibility policy(ies) Mrs. N. Bhuvaneswari - Vice Chairperson & Managing Director and Mrs. N. Brahmani - Executive Director under the guidance of the Board of Directors and its Committees. 9. Does the Company have a specified Committee of the Board/ Director responsible for decision making on sustainability related issues? (Yes / No). If yes, provide details. The Company does not have a committee for decision-making on sustainability concerns. However, the Board of Directors and the Senior Management team monitor various aspects of social, environmental, governance and economic responsibilities of the Company on a continuous basis. 10. Details of review of NGRBCs by the Company: Subject for review Indicate whether review provided below taken by Director/Committee of the Board/any other Committee Frequency (Annually/Half-yearly/ Quarterly/Any other – please specify) P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9 P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9 Performance against above policies and follow up action Committee of the Board Annually updated. Periodically reviewed under Operational policies and governance reviews. The Department heads and the leadership team review the Company’s Business Responsibility Policies on a regular basis or as needed. Efficacy of policies is reviewed, and necessary modifications to policies and processes are implemented during this assessment Refer : https://www.heritagefoods.in/static/images/pdf/ policies/hfl-br-policy.pdf Compliance with statutory requirements of relevance to the principles, and, rectification of any noncompliances Annually . The Company is following all applicable regulations.
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