Report profile
About this report
Our business has imbibed an integrated way of thinking, with a focus on growth, sustainability, innovation, and inclusive development. Our Integrated Report 2021 <IR> provides information to our stakeholders about our performance, governance, material risks and opportunities, strategy, and future prospects. The information provided in this report includes financial and non-financial performance, risk management as well as material information relating to our strategy and business model, operating context, stakeholder interests, and governance among others.
We create long-term value for our stakeholders in an ethical way by utilising different forms of capitals available to us and pursuing value-accretive activities.
SCOPE
Reporting period
The report is for the period between January 1, 2021 - December 31, 2021, and is released annually.
Reporting boundary
This report covers information pertaining to, but not limited to, all our cement plants, grinding units, ready-mix concrete plants, limestone mines, captive power plants and our office premises and subsidiaries.
Details of our manufacturing facilities are on 
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TARGET READERS
This report is primarily intended to address the information requirements of investors (our equity and prospective investors). Our endeavour is to present this information in a manner that is also relevant to other key stakeholders, including our customers, regulators, employees and the society at large.
FRAMEWORKS, GUIDELINES AND STANDARDS
The report has been prepared in accordance with the International <IR> Framework published by the Value Reporting Foundation erstwhile International Integrated Reporting Council (IIRC). Also, the report has been prepared in accordance with the GRI Standards: Comprehensive option. GRI Content Index is available on the website.
The report also aligns with:
- The Companies Act, 2013 (and the rules made thereunder)
- Task Force on Climate-related Financial Disclosures (TCFD)
- National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVG-SEE)
- Indian Accounting Standards
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Secretarial Standards issued by the Institute of Company Secretaries of India
FINANCIAL AND NON-FINANCIAL REPORTING
- The information in this report extends beyond financial aspects and includes non-financial performance, opportunities, risks and outcomes attributable to or associated with our key stakeholders, which have a significant influence on our ability to create value.
The report presents contribution to:
- Global Cement and Concrete Association (GCCA) Sustainability Charter
- United Nations Sustainable Development Goals (UN SDGs)
- United Nations Global Compact (UNGC) Principles
MATERIALITY
Our material issues are those that matter most to our key stakeholders and have an impact on our ability to create value. These topics are influenced by the economic, social, and environmental context in which we operate.
Material topics
Product Quality
and Innovation
Water
Regulatory
compliance
Emissions
Economic
performance
Climate &
Energy
Occupational
health and safety
Corporate
governance
Employee
development
Corporate social responsibility
Circular
economy
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DATA INTEGRITY
Our aim is to provide information that is accurate and reliable, and at the same time unbiased, comparable, and comprehensible. We collect and analyse financial and non-financial data through internal software for inclusion in the report. Strict internal controls are exercised during the collection and analysis of the data, which is then verified internally and audited externally before presentation.
INDEPENDENT ASSURANCE
This report is externally assured by TUV India Private Limited. The assurance is conducted in accordance with ‘Type 2, Moderate Level’ criteria of AA1000AS Version 3 along with AA1000 AP (2018). Details of the assurance approach, methodology, and observations are presented in the Independent Assurance Statement, which is included in this report. The information on financial performance is derived from our audited financial statements for 2021.
FEEDBACK
We welcome feedback on our report to ensure that we continue to disclose information that is pertinent and conducive to stakeholder decision-making. Please refer queries or suggestions to
rashmi.khandelwal@acclimited.com,santosh.bhandarkar@acclimited.com
ESG RATINGS 2021
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