Asian Paints Ltd

Sustainability Governance - Board Oversight & Management Role: Sustainability is a top priority at Asian Paints and has long been integrated into our decision-making process across the board. Through our robust and outcome-oriented governance structure, our Board maintains keen oversight and together with the senior management, drives the implementation of our ESG agenda. The Board has provided guidance in developing our recently adopted ESG strategy and monitors progress in fulfilling the objectives set therein. The Stakeholders Relationship Committee of the Board is entrusted with the responsibility to support the Board in ESG oversight. Further, the Risk Management Committee of the Board evaluates and provides insights on ESG risks and opportunities including climate-related, along with mitigation plan. The Company's One Link group, led by the Managing Director & CEO, is tasked with implementing the ESG objectives of the Company, including climate change mitigation and adaptation. Relevant business unit heads are responsible for driving specific initiatives such as R&T for product stewardship, Manufacturing Technology team for renewable electricity etc.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]For advocacy on policies related to the Paint Industry and other matters affecting the Company, we work through industry associations such as Indian Paints Association, Confederation of Indian Industries, etc. and/or directly engage with the statutory authorities on regulatory policies.
There are specified officials in the Company who are authorized to communicate with the industrial bodies and managing government affairs in accordance with Communication Policy of the Company. The policies on which we have engaged through trade associations include environmental policies as well which is in line with our overall climate change strategy such as our emphasis on RE and plastic waste management.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]For advocacy on policies related to the Paint Industry and other matters affecting the Company, we work through industry associations such as Indian Paints Association, Confederation of Indian Industries, Federation of Indian Chambers of Commerce & Industry etc. and/or directly engage with the statutory authorities on regulatory policies.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes