Coromandel's sustainability governance mechanism goes positive impact the organization has on the environment. It aligns social and environmental considerations with business objectives, enabling the delivery of superior value to stakeholders. Most importantly, it cultivates a culture of sustainability throughout the organization. Coromandel has enhanced its governance framework and made significant advances in its ESG roadmap through the establishment of CSR & Sustainability Committee. [...] As a testament to its dedication to upholding the highest standards of governance and stakeholder engagement, Coromandel is proud to report that it has partnered with government entities, industry associations, and advocacy groups on various regulatory and policy matters throughout the year. These collaborations have enabled the company to address key issues such as agri-input quality, accessibility, and affordability while remaining actively engaged with its stakeholders and responding to their evolving needs. As the organization reflects on its progress in the past year, it is pleased to share its ongoing commitment to these partnerships and the positive impact they have had on the business and the communities it serves. The business collaborates with industry associations and other entities within the ecosystem to advocate for matters such as the well-being and advancement of farmers, the expansion of production, and the creation of employment opportunities. By actively engaging in multiple policy interventions, it clearly demonstrates the company's unwavering commitment to promoting positive change in these specific fields. Some examples of Coromandel's active role in policy interventions during FY 23 include[39]: » Fertiliser Subsidy policies such as Nutrient-based subsidy and Direct Benefit Transfer » SSP related policy recommendation » Integrated nutrient approach for organic fertilisers » Atma Nirbhar Bharat - Strategic Sourcing & Backward Integration (Key raw materials for Fertilisers) » Agri Technology and Drones » New Products & Services – NanoDAP » Pradhan Mantri Kisan Samruddhi Kendras (PMKSKs) Farm Advisory & Services » Ensuring the continued utilization of agrochemical molecules by preventing their prohibition. » Pesticide Management Bill Coromandel's active participation in these policy interventions highlights its commitment to promoting sustainable agricultural practices and its contribution to creating a better future for the agriculture industry. During the fiscal year 2022-23, the business allocated INR 35.6 lakhs for payment of membership fees for the following government bodies and industry associations[40]: » International Fertiliser Association » Fertiliser Association of India » International Zinc Association » State Fertiliser Marketing Federation » Central Insecticides Board & Registration Committee (CIB&RC) » Crop Care Federation of India » Pesticide Manufacturers and Formulators Association of India » Southern Indian Chamber of Commerce and Industry » Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry » National Safety Council » Environmental/ Pollution Control Boards » Bureau of Indian Standards » Confederation of Indian Industry » National Human Resource Development"
"Yes, the Company has a Board level Corporate Social Responsibility & Sustainability Committee. This Committee provides strategic direction to implement sustainability roadmap and advises the management to ensure alignment of social and environmental aspect with business objectives. The committee is comprised of: (i) Mr. Arun Alagappan (Chairman) - Executive Vice Chairman (ii) Dr. Nagarajan (Member) - Non-Executive & Independent Director (iii) Mr. S Sankarasubramanian (Member) - Executive Director (iv) Dr. Raghuram Devarakonda (Member) - Executive Director (v) Dr. Deepali Pant Joshi (Member) - Non-Executive & Independent Director Position in bracket pertains to the committee responsibility.