About the Report

About this Report

Reporting period

This Report is for the period between April 1, 2022 and March 31, 2023, and is released annually. The last Integrated Report was released for FY 2021-22.

Reporting boundary

The reporting boundary covers all the operations of Havells India Limited. This includes eight manufacturing locations - Alwar (Rajasthan), Neemrana (Rajasthan), Ghiloth (Rajasthan), Baddi (Himachal Pradesh), Faridabad (Haryana), Haridwar (Uttarakhand), Sahibabad (Uttar Pradesh) and Sri City (Andhra Pradesh) and one corporate office (Noida, Uttar Pradesh).

Proactive approach

We follow a proactive approach while manufacturing products through sustainable measures that minimize environmental impacts while conserving energy and natural resources. We have implemented ESG Systems in our plants which are regularly audited by independent auditors to ensure their effectiveness and accuracy.

Frameworks, guidelines, and standards

This Report is prepared in accordance with the guiding principles of Integrated Reporting Framework developed by the erstwhile International Integrated Reporting Council and maintained by the IFRS Foundation. It also adheres to the GRI Standards: Comprehensive option. The GRI Content Index is available as part of this Report and on the website. This Report also aligns with:

The Companies Act, 2013 (and the rules made thereunder)
National Guidelines on Responsible Business Conduct
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

Data integrity

We collected and analysed relevant data through our integrated data management system applying strict internal controls to support the disclosures in this Report. Our goal is to present accurate, reliable, unbiased, comparable, and comprehendible information in a concise manner. We have noted no significant limitations of the information wherever applicable

Materiality

We conducted a materiality assessment study in FY2021-22 to identify material topics. It helped in disclosing information that is relevant and alongside Framing strategies for reliable growth. The frequency of materiality assesment to be carried out is once every two years.

External Assurance

M/S KPMG has been appointed for assuring the non-financial information [included in the Integrated Report in accordance with the ‘limited assurance’ criteria of the International Standards on Assurance Engagements ISAE 3000 (Revised)].

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: