Hero MotoCorp Ltd

Sustainability governance

Policies – Commitment
To ensure a strong governance
From Within
perspective, the Board has

Hero MotoCorp's organisational

included sustainability within framework is based on relevant policies the role of the CSR Committee and standards that set the foundations

and guide improvements to drive towards

of the Company and renamed growth responsibly. All our activities are it the Sustainability and CSR based on improved management systems

deployment and performance under the

Committee. umbrella of the policies. Furthermore, we

hold strategic workshops that enable our

The Core Sustainability Team (CST) team to analyse risks and opportunities formulates the strategies and roadmap for provided by the megatrends we see effective implementation. The strategies affecting us as we navigate an ever- are then implemented through cross- changing and evolving paradigm and work functional engagements with teams across towards supporting a sustainable planet. the enterprise. The CST continues to work on capability building, due diligence Our subject matter experts have on evolving stakeholder requirements, created policies, technical standards engaging with various stakeholders, and supporting guidance and training learning and benchmarking from multiple documents that are consistently channels/platforms, and steering the upgraded to provide a robust approach. sustainability drive. These are available for use and reference

through our online portals and website

The CST updates the Sustainability and are circulated through regular email Steering Committee on ESG issues in communications. These framework monthly review meetings. Weekly calls are documents help our teams be involved also conducted between the CST and the in and contribute to the development

We have instituted several policies and Policy, consolidating our effort towards our

Steering Committee to accelerate decision- process, understand and fulfil our

frameworks to ensure the ethical conduct sustainability agenda. The details of all the

making processes and ensure clarity on customers' expectations, and the role

of our business. Our policies ensure policies are available at

specific subjects. they have to play in keeping their people,

resources and surrounding communities that we can always engage with our https://www.heromotocorp.com/en-in/about-us/

stakeholders justifiably and responsibly. key-policies.html

safe and always ready to respond to any

We have also rolled out the Sustainability

unexpected threats or anticipated events.

The Audit and Assurance function reassures the Board about the adequacy and efficacy of internal controls, advises management on the dynamic risk landscape, and helps anticipate and mitigate emerging and evolving risks. The internal audit plan is developed in consultation with Statutory Auditors and focuses on critical risks that matter and is aligned to the business objectives of the Company. Key internal audit findings are reviewed by the Audit Committee each quarter. The Audit Committee also monitors the status of management actions emanating from internal audit reviews. Our focus continues to be on the automation of internal audit procedures and the use of technologies such as data analytics, artificial intelligence and machine learning through the implementation of a continuous monitoring tool.