About the report

At ACC, we believe in an integrated approach that prioritises growth, sustainability, innovation, and inclusive development. Our Integrated Report 2022-23 provides important information to all our stakeholders, including our performance, governance, material risks and opportunities, strategy, and future prospects.

This report covers both financial and non-financial performance, risk management, and material information related to our strategy and business model, operating context, stakeholder interests, and governance. Our goal is to create long-term value for our stakeholders in an ethical manner, using various forms of capital available to us and pursuing valueaccretive activities.

Scope

Reporting Period

The Company has changed its financial year end from April to March. Previous reporting year was from January to December. The current report is from the period between January 01, 2022 - March 31, 2023.

Therefore, the data for the current year is for 15 months and not comparable with the figures for the previous 12 months year ended December 31, 2021.

Reporting Boundary

This report covers information pertaining to, but not limited to, all our cement plants, grinding units, readymix concrete plants, limestone mines, captive power plants and our office premises and subsidiaries.

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Target Readers

Our primary aim with this report is to provide investors, both current and potential, with the information they require. However, we have also endeavoured to present this information in a manner that is relevant to other key stakeholders, including our customers, regulators, employees, and society at large.

Frameworks, Guidelines and Standards

We have prepared this report following the International Framework published by the Value Reporting Foundation, formerly known as International Integrated Reporting Council (IIRC). Additionally, we have also prepared the report according to the Comprehensive option of GRI Standards. The GRI Content Index can be found on our website.

This 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

Materiality

Our material issues as those that are most significant to our key stakeholders and have a direct impact on our ability to create value. We acknowledge that these issues are influenced by the economic, social, and environmental context in which we operate.

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Financial and Non-Financial Reporting

We aim to provide information that goes beyond financial aspects and includes non-financial performance, opportunities, risks and outcomes that are associated with our key stakeholders and have a significant impact on our ability to create value.

The report presents contribution to:

  • United Nations Sustainable Development Goals (UN SDGs)
  • United Nations Global Compact (UNGC) Principles

Data Integrity

Our goal is to ensure the accuracy, reliability, comparability, and comprehensibility of the information we provide. To achieve this, we use internal software to collect and analyse financial and non-financial data for inclusion in the report. We maintain strict internal controls during the data collection and analysis process, which is then internally verified and externally audited before being presented in the Report.

Independent Assurance

We have engaged TUV India Private Limited to conduct external assurance of this report. The assurance process is conducted in accordance with the ‘Type 2, Moderate Level’ criteria of AA1000AS Version 3 and AA1000AP (2018). The Independent Assurance Statement, which is included in this report, provides details of the assurance approach, methodology, and observations made. The financial performance information included in this Report is derived from our audited financial statements for the period between January 01, 2022 - March 31, 2023.

Feedback

We value feedback on our report and strive to provide information that is relevant and useful for stakeholder decision-making. If you have any queries or suggestions, please do not hesitate to reach out to us at acc.secretarial@adani.com

ESG rating 2023