BRSR STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 120 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD 4. If the entity provided below taken any specific initiatives or used innovative technology or solutions to improve resource efficiency, or reduce impact due to emissions / effluent discharge / waste generated, please provide details of the same as well as outcome of such initiatives, as per the following format: Sr. No Initiative undertaken Details of the initiative (Web-link, if any, may be provided alongwith summary) Outcome of the initiative Outcome of the initiative 1 All plants are operating Effluent Treatment plants During the production process, the Company recycle effluent water used in our production facilities for washing milk storage tankers and crates, gardening etc. Saved water NA 5. Does the entity have a business continuity and disaster management plan? Give details in 100 words/ web link. Yes, the Company has implemented a robust risk management framework. This framework is designed to identify, assess, and mitigate various risks that could potentially impact the Company’s operations, reputation, or stakeholders. By proactively identifying potential hazards and vulnerabilities, the Company takes appropriate measures to minimize the likelihood and impact of detrimental events. Refer to Link : https://www.heritagefoods.in/static/images/pdf/policies/risk-management-policy.pdf The risk management framework encompasses a systematic approach to risk identification, analysis, evaluation, and mitigation. It involves the active involvement of key stakeholders, the implementation of preventive measures, and the establishment of contingency plans to address potential risks effectively. The company Heritage Foods Limited, risk management , disaster continuity and disaster management plan , are based on fundamental, underlying risk principles that are consistent with ISO 31000 (Risk Management – Principles & Guidelines); and, the COSO Standard for Enterprise Risk Management. 6. Disclose any significant adverse impact to the environment, arising from the value chain of the entity. What mitigation or adaptation measures have been taken by the entity in this regard? The Company’s operations do not adversely impact the environment due to its responsible supply chain activities. 7. Percentage of value chain partners (by value of business done with such partners) that were assessed for environmental impacts. 0.00% As of now, the Company does not have any formal assessment mechanism to monitor the environmental impact of its value chain partners’ activities. All vehicles used in the transportation of milk and milk products comply with the emission norms of concerned state. Principle 7: Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent. The organization demonstrates a strong awareness of the influence that public policy and regulatory frameworks exert on its operations and the wider ecosystem. Collaboration with regulatory authorities allows the organization to effectively fulfill its duties towards a diverse range of stakeholders, including customers, consumers, employees, suppliers, vendors, and communities. By forging these partnerships, the organization ensures that its actions are conducted in an effective and responsible manner, keeping the welfare of stakeholders at the forefront. Essential indicators 1. a. Number of affiliations with trade and industry chambers/associations. The company has associated with three industry chambers.. b. List the top 10 trade and industry chambers/associations (determined based on the total members of such body) the Company is a member of/affiliated to. S. No. Name of the trade and industry chambers/ associations Reach of trade and industry chambers/ associations (State/ National) 1 The Federation of Telangana and Chambers of Commerce and Industry (FTCCI) State 2 Confederation of Indian Industry (CII). National 3 Indian Dairy Association National
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