###### Board's oversight of climate-related risks and opportunities
To address climate change, we have established
a strategic oversight system led by our Board of
Directors, which plays a crucial role in identifying
and mitigating climate-related risks. Our governance
framework empowers the board-level ESG and activities of the Company, with a specific focus
Committee, executive committees (ESG Steerco), on ESG and climate-related matters. This ensures
and senior management to evaluate climate- that Dabur aligns its practices with leading ESG
related business requirements, integrating risks and standards and remains committed to proactively
opportunities into our Enterprise risk management addressing climate change.
(ERM), strategy and decision-making processes.
To ensure a comprehensive approach, the Board
Recognizing the significance of environmental, social, is supported by both the Risk Management
and governance (ESG) matters, we established a Committee and the Corporate Social Responsibility
Board-level ESG Committee in the year 2022-23. (CSR) Committee. These committees ensure that
This committee is responsible for providing oversight climate-related factors are thoroughly considered
on ESG issues, including climate change, and driving in the organization's short, medium, and long-
sustainable practices across business practices. In term strategies, decision-making processes, and
May 2023, an Independent Director was appointed implementation efforts, including community-led
to further strengthen the governance of the ESG water conservation programs and renewable energy
Committee's. initiatives.
In addition to the ESG Committee, we have a board- Moreover, the Board stays informed about climate
level Risk Management Committee and a CSR change risks through the Audit Committee.
Committee that enhance our governance framework. The Audit Committee oversees the company's
These committees work in collaboration with the ESG enterprise risk management process and ensures
Committee to identify, address, and monitor climate the implementation of effective risk monitoring and
and water-related risks, ensuring that our ESG management systems, maintaining vigilance in
goals and targets, including those related to climate managing climate-related risks.
and water, are met. This collaboration ensures our
operations remain resilient and adaptive to evolving **Management's role in**
climate-related challenges. Together, they provide **assessing and managing**
comprehensive oversight and strategic direction, **climate-related risks and**
driving our commitment to ESG and long-term value **opportunities**
creation. At Dabur, we understand the importance of proactive
and comprehensive management of climate-related
The ESG Committee plays a pivotal role in formulating
risks and opportunities. Our governance structure is
and reviewing the policies, frameworks, strategies,
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###### Management Committee
The Committee
(MANCOM):
has finalized the The Management Committee, led by the Chief Sustainability Executive Officer (CEO), is responsible for and Social Impact assessing and monitoring all climate-related and
sustainability issues. The Committee has finalized
###### strategy, along the Sustainability and Social Impact strategy, with corresponding along with corresponding targets, and diligently
tracks progress towards achieving these targets.
###### targets, and
It ensures adherence to risk management policies
###### diligently tracks and procedures while implementing prescribed progress towards risk mitigation actions and promptly reporting risk
events and incidents. Furthermore, it integrates Key
###### achieving these Risk Indicators or triggers into business plans and targets. monitors them during quarterly business reviews,
reinforcing the organization's commitment to effective
risk management and overall sustainability.
###### ESG Steering Committee (ESG SteerCo):
Dabur has established an ESG Steering Committee
at the executive level, led by the Global Head of
Operations & Chief Sustainability Officer. This
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cross-functional team is responsible for making risks, providing periodic updates to the Chief
strategic decisions related to ESG and monitoring Risk Officer (CRO) and quarterly updates to the **The Committee actively seeks**
climate-related issues. The Committee holds overall Management Committee on risks to key business **updates on stakeholder ESG**
responsibility for planning, implementing, and objectives and their mitigation.
###### expectations and climate best
reviewing the company's ESG and Climate strategy,
including climate and water risk assessment and Zonal & Unit Heads and Process Owners: **practices from internal and**
scenario analyses, TCFD disclosures, conducting **external stakeholders.**
Individual teams ensure that units and zones are
life cycle assessments, emission monitoring,
managed in accordance with the Company's risk
decarbonization and transition plans, climate-related
management practices. They ensure compliance
targets, action plans, and quarterly environmental
with risk management policies and procedures and
performance reports, such as GHG emissions and
the effectiveness of risk mitigation actions. These
teams also report risk events and incidents relating
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###### Enterprise Risk Management impacts, enhance social well-being, and ensure Team: robust governance practices. Our comprehensive
The Enterprise Risk Management team, reporting remuneration package includes both fixed pay
to senior management, identifies risks impacting and variable pay. The variable pay component is
our business and implements organization-wide specifically designed to align with performance
processes for managing these risks. The team objectives of the organization which also covers ESG
facilitates the execution of Risk Management and climate goals, as well as risk management and
practices within the organization, working closely mitigation related KRAs/metrics. This component
with business units and business-enabling functions has a weightage of up to 10% for relevant senior
to deploy mitigation measures and monitor their executives and line managers.
effectiveness. It collaborates with cross-functional
Incorporating these metrics into leadership
teams to identify, monitor, and mitigate operational
performance reviews encourages Dabur to achieve
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|GHG Emissions Scope|Unit of Measurement|Quantity|
|---|---|---|
|Scope 1|Metric tonnes of CO2 equivalent|12,185|
|Scope 2|Metric tonnes of CO2 equivalent|49,644|
|Scope 3|Metric tonnes of CO2 equivalent|5,22,766|
established ESG and climate-related goals and
targets, which are reviewed quarterly. Additionally,
beyond monetary remuneration, we recognize the
contributions of Dabur employees to sustainability
and climate change initiatives through awards and
recognition programs.