Investor Presentaiton
SECTION B - MANAGEMENT AND PROCESS DISCLOSURES
This section is aimed at helping businesses demonstrate the structures, policies and processes put in place towards adopting the NGRBC Principles and Core Elements.
At MRF, we have a robust management framework in place which enables us to align with the NGRBC Principles with respect to structure and policies
to ensure we continue to deliver our best in an ethical and responsible way. This encompasses transparent and principled business practices that hold us
accountable, as well as protects the interests of our stakeholders, including customers and employees.
Disclosure Questions
Policy and Management Processes
P1
P2
P3
P4
P5
P6
P7
P8
P9
1. a)
Whether your entity's policy/policies cover each principle and its core elements of
the NGRBCs. (Yes/No)
Y
Y
Y
Y
Y
Y
Y
Y
Y
b)
Has the policy been approved by the Board? (Yes/No)
Y
Y
Y
Y
Y
Y
Y
Y
Y
c)
Web Link of the Policies, if available
https://www.mrftyres.com/downloads/download.
php?filename=Business-Responsibility-Policy.pdf
2.
3.
4.
Whether the entity has translated the policy into procedures. (Yes/No)
Do the enlisted policies extend to your value chain partners? (Yes/No)
(Note: Currently the coverage is extended to all our A+ and A category suppliers)
Name of the national and international codes/certifications/labels/ standards
(e.g. Forest Stewardship Council, Fairtrade, Rainforest Alliance, Trustea) standards
(e.g. SA 8000, OHSAS, ISO, BIS) adopted by your entity and mapped to each principle.
5. Specific commitments, goals and targets set by the entity with defined timelines, if any.
6.
Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
9 of our 10 plants are certified for
ISO 45001:2018 - Occupational Health & Safety Management
System Standard & ISO 14001:2015 Environmental Management
System Standard.
Since the 10th Plant (Dahej in Gujarat) is a new plant, it is in the
process of being certified.
The company is in the process of comprehensively evaluating and
setting up its sustainability related goals and targets with a definitive
timeline/implementation plan to achieve those in the near future.
Performance of the entity against the specific commitments, goals and targets along-with reasons in Performance with respect to these targets would be tracked and
case the same are not met.
assessed once these targets are set.
Governance Leadership and Oversight
7. Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements.
Sustainability in the automotive space is a sectoral activity, where a synergised approach with a common goal across the value chain could yield the necessary impact. As we
continue to be the leader in the space of automotive tyre manufacturing in India, it becomes essential for us to play an active role in helping the sector decarbonize thereby meeting
India's target of net zero emission by 2070.
To support the national goal, we plan to set phase-wise targets and commitments to improve our sustainability performance in the coming years. While we have embarked on this
journey towards embedding sustainability in our business practices, we conducted our first materiality assessment to understand the key material issues of our business. We have
also conducted an extensive exercise of understanding our environmental footprint across our 10 manufacturing sites in India in the current reporting period. Going forward MRF
will continue to embark on this journey towards a sustainable future through the utilisation of clean energy, improving the efficiency of processes and optimisation of resources.
Further, key performance regarding the 9 NGRBC principles are mentioned in section C of our Business Responsibility and Sustainability Report.
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