Godrej Sustainability Report

SOCIETY Godrej & Boyce embodies the philosophy of creating and sharing value for the larger good of the society. The Company is focussing on transforming the neighbouring communities into self-sustaining ecosystems in conjunction with the Company’s vision for ‘brighter living’ for all stakeholders. Godrej Group redefines CSR with its Good & Green vision that puts sustainability and community empowerment at the core of its operations and initiatives. By 2020, the Godrej Group aspires to create a more employable Indian workforce, build a greener India, and innovate for ‘good’ and ‘green’ products. The Group’s Good & Green goals for 2020 are: • Ensuring employability: Train a million youth in skills that can enhance their earning potential • Greener India: Focus on environmental sustainability • Product innovation: Generate a third of G&B’s portfolio revenues through ‘good’ products that either cater to consumers at the bottom of the pyramid, or are environmentally sustainable • Community development: Help develop communities around the Company’s facilities outside Mumbai The Company has constituted a robust and transparent governance structure to oversee the implementation of its policy, in compliance with the requirements of Section 135 of the Companies Act, 2013. Governance of CSR is headed by a board-level CSR committee. For more details on the CSR governance framework and spends, please refer Page No. 8 of G&B Annual Report FY 2018-19, available at https://www.godrejandboyce.com/godrejandboyce/PDF/20 18-19-G&B-Annual-Report.pdf. EMPOWERMENT THROUGH EMPLOYMENT The ‘demographic dividend’ can only become a reality when India has youth that are skilled enough to be employable, or become entrepreneurs. This will not only drive employment but also fuel consumption that is needed to sustain our economic growth trajectory. Initiatives such as Skill India and efforts to revamp the approach to education and encourage entrepreneurship are critical to making people employable, and enabling them to take up emerging opportunities. In line with this, G&B launched an initiative called Godrej Disha, through which the company collaborate with non-profit organizations and social enterprises on training programs in vocational skills that are relevant to our businesses. These include sales, service, rural entrepreneurship, construction, manufacturing and technical training. As of March 2019, nearly 1,31,000 young people have been trained across the country. Currently for DISHA program is working in 23 states, with 29 partners, at 88 centers. The company support to partners vary from support to improve infrastructure, procurement of critical training aids, creating complete state of art labs , case to case basis gap funding , training content , exposure visits etc. Few new areas the company plans to explore in near future are 1) Women centric trades for training centers 2) Training related to IOT, Industry 4.0 and ERP systems 3) Special Trainings for PwDs. Women trained for forklift driving under DISHA skill development program 68