Annual Report 2022-23
×

ABOUT THE ESG REPORT

The ESG report provides a holistic overview of our sustainable and responsible approach to creating long-term value for our stakeholders, including customers, investors, employees, communities, etc., and sustainably leading our business operations. It reflects the financial and non-financial performance of SRF Limited highlighting the current system, processes, performance and initiatives undertaken in the reporting period.

Scope and Boundary

The report highlights the performance of SRF Limited for the period April 1, 2022 to March 31, 2023. This report covers the following businesses of SRF Limited:

  • Chemicals Business
  • Packaging Films Business
  • Technical Textiles Business

Other businesses such as Laminated Fabrics and Coated Fabrics are not considered.

Financial numbers in this report are given on a consolidated basis.

Reporting Frameworks

The report is aligned with the ‘Guiding Principles’ and the ‘Content Elements’ of the International Integrated Reporting Council’s (IIRC) framework. The content also conforms to the Global Reporting Initiative (GRI) standard.

The Company has disclosed required information in accordance with Business Responsibility and Sustainability Reporting (BRSR) disclosure principles wherever applicable. The financial and statutory information in this report is in accordance with the requirements of the Companies Act, 2013, Indian Accounting Standards, and the Secretarial Standards.

Industries we serve

With our presence in India, Thailand, South Africa, and Hungary, we serve customers in over 86 countries globally.

ESG Highlights

SRF Limited is committed towards building an organisation that is focussed on long-term sustainable growth and development. We believe our ESG journey is inherently a collaborative one, inclusive of planet, people, and profit. This section of the report reflects our commitments, current systems, performance, and initiatives undertaken by SRF for mainstreaming ESG in our business activities. The report provides standalone nonfinancial information on SRF Limited and covers the period from April 1, 2022 to March 31, 2023.

Performance Snapshot

31%

Increase in Energy consumption from renewable sources (including biomass consumption) from FY22

38.45

TJ of energy saved

8.30%

Increase in recycled water from FY22

1,201TJ

Energy consumed from renewable sources and biomass

61%

Reduction in LTIFR from FY22

~1.6Lakh

Training hours

3.5Lakh

CSR beneficiaries

16%

Increase of females at management level from FY22

18

New process patents granted

3,708Cr.

EBIDTA

2,162Cr.

PAT

14,870Cr.

Gross Operating Revenue