The sustainability vision of Aditya Birla Textiles is aligned with Group’s vision to be the leading Indian conglomerate with sustainable business practices across its global operations, stands on three pillars: Responsible Stewardship, Stakeholder Engagement and Future Proofing. The Framework provides the direction and ambition of our sustainability approach.
Our corporate governance framework and philosophy stems from our responsibility towards stakeholders and the need to conduct business ethically and fairly. We are committed to continuously adopt and adhere to the best governance practices to achieve the goal of being a value-driven organization aligned to the objectives of the Aditya Birla Group.
All our businesses voluntarily follow the Code of Conduct of the Aditya Birla Group. The CoC comprises the business principles, is our central guidance document for norms of behaviour. To ensure that there is a common minimum standard of professional behaviour, all employees are expected to adhere to the Code of Conduct. This Code lists the identifiable and non-negotiable set of actions/behaviour applicable to all employees across the Group, to the Management cadre in particular.
The Aditya Birla Group Values of Integrity, Commitment, Passion, Seamlessness and Speed are the foundation for all actions and decisions at ABG. They set standards for the organization and employee conduct.
OUR VALUES
Acting and taking decisions in a manner that these are fair, honest, following the highest standards of professionalism and are also perceived to be so. Integrity for us means not only financial and intellectual integrity but in all other forms as are commonly understood
On the foundation of Integrity, doing whatever it takes to deliver value to all stakeholders. In the process, taking ownership of our actions and decisions, those of our team and that part of the organization that we are responsible for.
A missionary zeal arising out of emotional engagement with the organization that makes work joyful and inspires each one to give his or her best. A relentless pursuit of goals and objectives with the highest level of energy and enthusiasm, that is voluntary and spontaneous.
Thinking and working together across functional silos, hierarchies, businesses and geographies. Leveraging the available diversity to garner synergy benefits and promote oneness through sharing and collaborative efforts.
Responding to internal and external customers with a sense of urgency. Continuously seeking to crash timelines and choosing the right rhythm to optimize organization efficiencies
The respective companies’ boards provide oversight to the environmental, social and economic performance of the organization and oversee upholding a broad set of governance principles and delegating management authority to the Chief Executive within the defined limits. The boards review key risks including risks arising from imperatives of sustainable development and how they are managed. The management exercises risk management through appropriate internal controls and periodically reports to the board. All of our companies have a sustainability subcommittee that works with the overseas spinning/domestic textiles/ acrylic fibre sustainability committee who in turn works with the apex sustainability council of business. In the medium term, we want sustainability to be integrated with different functions of our businesses. In the short term, separate identity for each unit is being maintained for focus and emphasis.
Sustainability Committee at each business comprises personnel from different departments which are monitored by their leaderships as well as Apex Sustainability Council. These meetings are conducted once a quarter to review and monitor the development of sustainability initiatives.
SUSTAINABILITY ADVISORY COUNCIL (SAC)
The Sustainability Advisory Council of Aditya Birla Textiles Business is a part of the Green Team which oversees implementation of sustainability initiatives in our Domestic Textiles Business, Acrylic Fibre Business and Overseas Spinning Business.
The Sustainability Advisory Council also evaluates the performance of each of our businesses on certain Key Performance Indicators and these are monitored and tracked periodically. The outcomes are discussed at the Apex Sustainability Council Meetings every quarter. The Sustainability Advisory Council comprises a highly multidisciplinary team of global experts on sustainability and climate change.
Our transparent governance structure allows us to completely integrate sustainability across the value chain. There are various initiatives, policies, and workplace awareness programs that are being conducted for effectively driving sustainability across the Group. Our adherence to various roadmap and guidelines keeps us on the foot and staying action-oriented. Our corporate philosophy is deeply rooted in the principles of sustainability that commits to stewardship while adding economic value, promoting human rights and building social capital. The activities and functioning of various committees contribute to sustainability governance at our units.
As we embark upon a new decade, we are presented with tremendous opportunities and new challenges in the area of sustainability. We are now determined to position ourselves for further sustainable growth and are setting our sights on something bigger as we announce our 2025 Sustainable Business Targets 2025. We believe to succeed in today’s volatile and changing world, we must do three things exceedingly well: focus on delivering strong financial performance, do it in a way that is sustainable over time and be responsive to the needs of society.
| Units | Energy Intensity by the year 2025 if the trend continues | Energy Intensity target by the year 2025 | Remarks |
| DT | 1.2 | 1.15 | Efforts can be intensified |
| AF | 1.31 | 0.52 | Efforts can be intensified |
| OS | 0.29 | 0.27 | Can be achieved |
| Units | GHG Intensity by the year 2025 if the trend continues | GHG Intensity target by the year 2025 | Remarks |
| DT | 9.03 | 5.95 | Efforts can be intensified |
| AF | 2.41 | 2.00 | Can be achieved |
| OS | 1.40 | 0.31 | Efforts can be intensified |
| Units | Water Intensity by the year 2025 if the trend continues | Water Intensity target by the year 2025 | Remarks |
| DT | 0.089 | 0.057 | Can be achieved |
| AF | 0.0373 | 0.029 | Can be achieved |
| OS | 0.013 | 0.007 | Can be achieved |
| Units | Waste Intensity by the year 2025 if the trend continues | Waste Intensity target by the year 2025 | Remarks |
| DT | 0.570 | 0.173 | Efforts can be intensified |
| AF | 0.458 | 0.015 | Efforts can be intensified |
| OS | 0.013 | 0.096 | Can be achieved |
| Units | Waste Intensity by the year 2025 if the trend continues | Waste Intensity target by the year 2025 | Remarks |
| DT | 1.12 | 0 | Can be achieved |
| AF | -20.48 | 0.015 | Can be achieved |
| OS | 5.01 | 0 | Can be achieved |
| Sustainability KPI/Goal | Unit of Measurement | Domestic Textiles Target FY 2025 | Overseas Spinning Business Target | Acrylic Fibre Target |
| Zero fatality | Progress in place | ★ | ★ | ★ |
| Zero liquid discharge | Progress in place | ★ | ★ | ★ |
★ Indicates the progress towards achieving target is in place
Responsible Stewardship is inherent in our nature of doing business. It encapsulates our approach to employees, the environment and our business systems & processes. Our values of Integrity, Commitment, Seamlessness, Passion and Speed has instituted within our organizational ethos and it steers us towards being accountable and responsive to the operating environment.
Responsible stewardship is integrated into every aspect of our businesses. We are continuously on the path to transform the way we operate to meet future uncertainty. Our commitment to Responsible Stewardship guides us in engaging well with the people, exercise appropriate management to carry out operations and responsible use of resources. With this perspective, we manage all our operations and services in a sustainable, innovative and ethical way. Through this, we aim to transform business and raise the bar of our potential to help move our businesses forward.
While assessing ways to minimize any environmental or safety impact of our products, we have ongoing and mandatory internal initiatives to focus on safety during every step – from manufacturing to transportation to product use. This foundation towards building a sustainable organization has enabled us to implement a set of fifteen sustainabilityoriented policies for the Textile Business applicable across locations. These policies as illustrated in Intellectual capital articulate our position on the subject principle; and how we will approach and address the same.
Our vision is to have a positive impact on all the critical resources in our value chain by stewardship actions. We recognize our responsibility to address environmental impacts across our value chain, understand utilizing sustainable packaging and raw material sourcing, phasing out hazardous chemicals, and safeguarding water resources in a way that respects nature as well as people. We aim to serve all the responsibilities through the principle of Responsible Stewardship. Further, people are the most important component and purpose of our business. Our employees are our strength and providing them a fair, safe, healthy and lively workspaces are our primary responsibility. Our communities and our suppliers provide a critical support system to our business and we steward a harmonious, mutually beneficial and co-creative engagement with them. We refer to our customers as BOSTOMER, to remind us all the time that they are our bosses. The health and safety while using the product and having appropriate, adequate and timely product information are as important as exceeding the expectation on product quality
