FUTURE PROOFING RESPONSE

Future Proofing our business means making them resilient to the changes that are happening around us. In the future, many of these changes in external factors have the ability to apply severe pressure on our ability to be sustainable

DESIGNING THE ORGANIZATION FOR RESILIENCE

COVID-19 PROTECTIONISM-FRAGMENTATION OF GLOBAL MARKETS
  • With the surge in COVID-19 cases leading to global lockdown, harming economy and trade, we focus on domestic markets in Indonesia, India, Thailand and Philippines and other South Asian and South-East Asian countries.
  • Expanding into a new market with innovative products such as technical textiles and increase presence across the Nations
LABOUR
  • Safe & Healthy workplace will continue to be a priority with unsafe work being automated
  • Ensure equal pay for equal work for all including ex-pats/migrants
  • Work culture and practices to be made gender-neutral, suitable for differently-abled and vibrant for all
STRUCTURAL CHANGE
  • Organizational culture has to be built around to be agile, responsive and innovative
  • Be prepared to harness the policy initiatives to multiply manufacturing/ employment generation in India, Philipines, Thailand and Indonesia.
CLOTHING CARE & SUSTAINABLE CONSUMPTIO
  • Product development is suitable for being anti-bacterial, dust repelling, anti-microbial/wrinkle-free, requiring fewer chemicals and water in washing, durability.
  • Product development suitable for recyclability and improve the share of products from recycled materials
  • Prepare for product information management and disclosures and systems to demonstrate traceability to customers
  • Explore the possibility of ABYTM becoming top 10 brands for Yarn made from recycled material
GHG MITIGATION AND ENERGY CONSTRAINTS
  • Increase share of renewable energy across the Units to atleast 50 % share
  • Continue with efforts in GHG Mitigation/Energy Efficiency and Renewable Energy and its disclosure
  • Continue GHG footprinting assessments and disclosures for select products
ADAPT TO CLIMATE CHANGE
  • Assess whether the risk alleviation measures initiated by public authorities are adequate in the face of climate change at the manufacturing locations
  • Monitor forecasts of climate change on regions of production of raw materials and markets and respond appropriately
FRESH WATER AVAILABILITY
  • Continue with efforts in water conservation as the regions face freshwater availability risk and all industry may face the risk of water resource Allocation
  • Product innovation to alleviate customer risk in water resources and Effluents
  • Keep information/assessment of customers that are likely to face water resource risk
INFORMATION MANAGEMENT, AUTOMATION & INFORMATION TECHNOLOGY
  • Integrated (Supply Chain, Manufacturing, Customer) real-time information management
  • Improve functionality( antibacterial/microbial /anti-crease/weather window/ dust repellent/less water in washing/ sports etc.) of fabrics and garments
  • Improve Traceability through information management
  • Continue focus on automation and explore robotic applications in operations with risk of safety and occupational health
  • Predictive forecasting of sales, maintenance, manufacturing using Data analytics, Utilize IoT and artificial intelligence to improve efficiency as well as make factory future-ready
R&D AND INNOVATION
  • Explore developing yarn products for enhancing fabrics in health care and sports applications as well as products which can be used as precautionary measures to different micro element
SHAREHOLDERS
  • Disclosures to shareholders are on par with listed entities
  • Improved efforts to contribute to the local economy
REGULATORY
  • Aggressive continuation of positive compliance in manufacturing
  • Increase products under product stewardship performance and disclosures
  • Begin to use a fair share of recycled polyester and explore innovations to design products for recycling/reuse
  • Take full advantage of the primary raw material being renewable by taking appropriate care of animal-based raw material
  • Identify and watch significant customers and suppliers with high environmental compliance risk
  • Ensure diversity in executive management and accessibility of workplaces to differently-abled
  • Strict adherence to international guidance/agreements related to human rights