Sustainability Report 2019-23

For over 126 years, we have been trusted for doing business with integrity. In furtherance of this, we consider it imperative to share our progress, milestones, challenges and prospects towards a more sustainable future, with all our valued stakeholders.
As a responsible corporate, the intent underlying our work is to always serve the triple bottom line, and this report demonstrates the many ways in which we do this, touching lives near and far and triggering positive change.

Setting standards, shaping choices, responsibly

From making the ballot boxes for free India’s first general election to playing a pivotal role in the nation’s space programs, and bolstering the healthcare system by enhancing the vaccine cold chain, our innovations have always been enriched with social relevance.

Sustainability Report 2019–23 (web version)

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Foundational Enablers

Engineering India’s progress
Our growth as a business conglomerate reflects India’s own confident journey as an independent\ nation that has built its scientific, industrial and commercial muscle through its own efforts. G&B has consistently partnered with the Indian government for several strategic initiatives.

Leadership Speak

A legacy of goodness, for more than 125 years.
Dear Stakeholder, I am very pleased to present to you our Sustainability Report. This report presents the fine balance between Godrej & Boyce’s Economic, Environmental and Social performance, playing out all 3 dimensions in perfect harmony showcasing how each begets each other. This is how we build ‘Sustainability’ in the true sense and work to our purpose to ‘Pioneer progress for Generations’.

Introducing Godrej & Boyce

An integrated and value accretive portfolio
G&B’s diverse presence across industries spans complex bespoke engineering solutions to making branded consumer goods like appliances, furniture, locks, and security solutions. G&B positively impacts the lives of one-third of India’s population.

Our Holistic Approach to Sustainability

Making responsible portfolio
At Godrej & Boyce, one of our strongest beliefs is in the importance of balancing progress with sustainability. In conjunction with our sustainability approach, and the vision for ‘brighter living’ , the company has developed a long-term plan for playing a key role in creating a more inclusive and greener India.

Resilient Economic Performance

Tackling uncertainty, strengthening defences
Our deep local insight, sharp financial acumen, market foresight, strong governance, long-standing relationships with customers and stakeholders help build an ecosystem of trust and grow the business.

Digital Transformation

Digitalisation catalyzing cross-functional change
From smart factories to analytics-driven customer journeys, we have been building a strong digital presence across networks. We, at Godrej & Boyce are deeply invested in driving digital transformation to reach new frontiers.

Creating a Greener India

Doing business responsibly
Over our 126-year journey, environmental sustainability has always been at the heart of our business strategy, manufacturing processes, products and solutions.

Supply Chain Sustainability

Expanding competencies, creating synergies
The company places the highest priority on developing a sustainable and well-integrated supply chain and views it as a crucial aspect of its business competitiveness. A sustainable supply chain has been identified as the most important aspect, as per the recently concluded materiality assessment exercise.

Good & Green Products

Enabling sustainable consumption
The global focus on slowing down climate change has had a profound impact on what consumers expect from products, services and the providers they choose. We have been working on generating a third of our portfolio revenues from ‘good and green’ products. This underlines our commitment to the future.

Community Development

Impacting lives and livelihood
As a responsible organisation, we have always been at the helm of corporate social responsibility and philanthropy. All our CSR initiatives are strategically designed to create lasting impact and are monitored carefully to ensure tangible progress.

Work @ Godrej & Boyce

Anchored by purpose, driven by innovation
Our people shape the kind of organisation that we are. They exemplify our culture and values and drive our distinctiveness. Godrej & Boyce has always placed the highest priority on its people. Our management processes, inclusive policies, fair compensation, rewards help in building a supportive work environment that demonstrates our purpose.

Leadership and Governance

Guiding with prudence and foresight
Business integrity and accountability lie at the plinth of our organisational culture. Our efficient risk management framework ensures that we can navigate market vagaries smoothly while our strong governance practices guarantee effective internal control over processes and reliable reporting of our performance.

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