Himadri Speciality Chemical Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

Himadri's engagement with key trade and commerce associations have helped extend sustainability advocacy beyond operations. This engagement enables impactful advocacy, empowering the Company to influence policy, share best practices and strengthen industry relationships. The relevant platforms comprise Chemicals & Petrochemicals Manufacturers' Association and the Asia Pacific Carbon Black Association. **Key benefits** **Influence policy: The memberships** help shape industry standards and advocate sustainable regulatory policies. [...] Himadri's engagement with British Safety Council helps advance workplace health and safety. The esteemed British Safety Council provides training, certifications and audits to strengthen health and safety protocols. Himadri's partnership with British Safety Council offers the following advantages: **International standards: Benchmarked** health and safety practices against globally recognised standards and safety regulations. **Accredited training: Specialised** training for employees and management, creating a safety-first culture. **Third-party audits: Independent safety** audits, identifying improvement area and driving occupational safety. **Accident prevention: Access to** cutting-edge research, tools and best practices. **Enhanced reputation: Deeper safety** respect, enhancing stakeholder respect and trust. [...] Himadri's alignment with the UNGC reinforces a commitment to the highest governance standards, and global best practices in areas of anti-corruption, fair competition and data protection. **UNGC's anti-corruption principle:** Himadri's zero-tolerance approach to bribery and corruption aligns with the tenth UNGC principle, promoting transparency and fair dealings. **Fair competition and human rights:** Himadri's commitment to fair competition supports the broad UNGC principles on human rights, ensuring that market practices are fair and equitable. **Data security and privacy: Himadri's** global data protection standards uphold the UNGC's emphasis on protecting individual rights and privacy, contributing to governance excellence. [...] Himadri's alignment with Responsible Care® commitment highlights its commitment to operational efficiency, employee and community well-being and resilience, underlining responsible corporate citizenship. Himadri Speciality Chemical Limited is aligned with the International Council of Chemical Associations' (ICCA) global agenda through the Responsible Care® initiative, supported by the Indian Chemical Council, its Indian counterpart. Responsible Care® represents a global commitment by the chemical industry to continuously improve and transparently communicate its performance in these critical areas. This underlines the Company's commitment to the highest standards of safety, health and environmental performance. By integrating the seven Responsible Care® principles, Himadri ensures not only regulatory compliance but also surpasses them through proactive measures and innovative practices. As a new signatory to Responsible Care®, the Company is currently in the process of implementing follow-up activities. [...] Himadri's ESG governance is adaptable and robust, designed to respond to global changes, drive expansion and address challenges across the short-term, mid-term and long-term. The ESG agenda involves experienced committee members who provide oversight and focused decision making. **The Board of Directors oversees ESG matters, including associated risks and opportunities, while the CMD-CEO and other teams are responsible for operational execution.** The Company's Board recognises climate change as a key governance issue. This subject is a regular feature of strategy discussions, performance evaluations, investment decisions and scenario assessments. The Board members bring a range of expertise - finance, governance, resources and public policy – that ensures a comprehensive approach to integrating sustainability into decision-making. This experience enables the Board to evaluate climate change impacts on the Company and operational capabilities, understand the evolving climate change debate and stay informed of all policy responses. The Board possesses the collective knowledge to guide optimal financial allocation and meet stakeholder expectations. The Board integrates climate change science and expert advice into processes. Himadri believes that enterprises possess the potential to generate significant societal and economic benefits. Every employee at Himadri is held to the highest standards of responsibility and transparency. In its pursuit of progress and prosperity, the Company embraces ESG stewardship. This commitment is fundamental to the Company's sustainable growth strategy leading to a positive impact. **Oversight by the Board's ESG Committee** **Himadri's ESG governance structure comprises experienced committee members. The Board oversees the ESG subject, including associated risks and opportunities, while the CMD-CEO and other teams are responsible for decisions aligned with objectives.** At the Company's Board, climate change is a key governance issue and a part of strategy, performance evaluations, investment decisions and market assessments. The Board members bring a range of expertise that translates into a comprehensive approach. This experience enables the Board to evaluate climate change impacts on the Company for the moment and future. The Board possesses the competence in capital allocation discipline, outperformance and addressing stakeholder ESG expectations. It also possesses an understanding of systemic risks and impacts. The Board integrates climate change science and advice leading to informed decisions. The ESG Committee at the Board level is responsible for overseeing all sustainability matters. All responsibilities stop at the CMD and CEO, who oversees the implementation of sustainability and governance into business.

https://www.himadri.com/pdf/Himadri_SR_2023-24.pdf