Godrej Sustainability Report

An Introduction - For a business to be truly sustainable in the long run, it is imperative for it to create value for all its stakeholders. Previously value was mostly based on tangible assets captured in financial statements, but now there is now much more emphasis on the importance of intangible value that businesses create for a much broader set of stakeholders, including society and the natural environment. At Godrej & Boyce (G&B), corporate responsibility and sustainable development have been the core ethos, driving its thinking and operations throughout its long history. Internally, G&B views sustainability as a business opportunity, which is helping it create greener products and new ways of manufacturing them in an environmentally responsible manner. This not only helps it in creating financial value in a sustainable manner, but also create positive outcomes for the society, while attracting and engaging a motivated workforce of the new generation which is more informed and sensitive to today’s global challenges. Beyond its operations, sustainability initiatives undertaken by G&B are helping build capabilities and driving change in its upstream and downstream value chain as well as in the broader industry landscape. G&B’s actions have led to a measurable decrease in its environmental impact and a positive change in the lives of countless people. This commitment to create shared value for all the stakeholders will continue to guide G&B’s growth journey in the years to come. The theme of ‘Value Creation for All’ aptly summarizes the sustainability approach and performance described in this report. VALUE CREATION FORALL 02