DEAR STAKEHOLDER,
Arvind is an organisation with a rich legacy of responsible stewardship. While, it is built on a strong foundation of time tested values, it continues to remain modern in both outlook and decisions.
It is this synergy of age-old wisdom, modern management practices and new-age technology that has steered Arvind successfully through its sustainability journey and helped it deliver on its vision of 'enriching lifestyles'.
Keeping pace with the accelerated need for sustainability across the globe, we took large and rapid strides to make our operations more sustainable. Last year we unveiled our sustainability philosophy 'Fundamentally Right', this year to turn intent into wide-scale action, we are releasing our sustainability manifesto. The objective is to enable our 30,000+ employees, to translate the 'Fundamentally Right' philosophy into practise in their day-to-day decisions across all six key inputs - Cotton, People, Money, Energy, Water and Chemicals.
Cotton is the most commonly grown non-food plant in the world, accounts for two and a half per cent of arable land, and provides income for more than 250 million people worldwide. Add to it, the water intensive nature of the crop, large-scale use of fertilizers and pesticides, genetic modification, plus certification concerns and we have a complex environmental and social challenge. To gain deeper insights into the efficacy of various cultivation methods, during the reporting period, we undertook a detailed lifecycle analysis of BCI, Organic & Conventional Cotton and charted new five-year roadmaps.
There exists a tight fit between Arvind's mission of 'Enriching Lifestyles' and the overarching purpose of the Sustainable Development Goals. Energy is one parameter that is crucial for achieving almost all of the Sustainable Development Goals – from eradication of poverty through advancements in health, education, water supply and industrialisation, to combating climate change. We continued to invest in processes, practices and technology to enhance our energy efficiency, and thus during the reporting period, Arvind became the first Indian company to be awarded the ISO-50001:2011 certification in the 'Composite Textile Industry-Denim Fabric' category. The goal is to follow a globally benchmarked approach to achieve continual improvement of energy performance, including energy efficiency, energy use and consumption.
The world is changing, stakeholder demands are changing even more rapidly. The only way to keep delivering, is to ensure that our key assets - our people, are equipped with new skills and methodologies. Thus, training was given added impetus during the reporting period and we introduced a range of programmes across hierarchies. Through a combination of intensive training and implementation of safety best practices, we recorded a 56% reduction in injuries.
We made prudent and strategic investments in potentially high-growth industry segments like brands and e-commerce. Additionally, we have also taken
A major position in Ethiopia and are building capacity for 2.8 million garments per month over the next couple of years. Arvind continued to contribute actively to the holistic upliftment of those on the margins of society. Our flagship programme 'Gyanda' which provides education to thousands of urban poor children, grew its footprint. We also mainstreamed a new initiative 'Arvind Clinics' to provide quality healthcare at extremely affordable rates.
This report delves deep into our triple bottom-line performance and I hope you find it interesting and informative.
Regards,
Sanjay S. Lalbhai
Chairman & Managing Director