At Aarti Industries Limited (AIL), we strive to create value for all our stakeholders. Our actions are guided by our purpose of ‘Right Chemistry for a Brighter Tomorrow’ with the core values of ‘Care, Integrity and Excellence’ forming the basis of our ethical framework.
At AIL, we have adopted a comprehensive set of codes and policies that have enabled the establishment of certain non-negotiable minimum standards of behaviour. These cover themes of compliance, labour practices and standards, environmental health and safety, board structure and functions, reporting and contact persons, and disciplinary actions in a comprehensive manner. We strive to engrain these codes in our daily conduct with our stakeholders as well as other people.
Our purpose, vision, mission and values outline our commitment towards our stakeholders. As a leading manufacturer of specialty chemicals, we create value for our stakeholders through business achievements.
To guide our actions in a responsible manner, we have adopted a ‘7 S’ framework, which comprises Structure, Systems, Style, Staff, Skills, Strategy and Shared Values.
We have integrated sustainability into our business strategy. Our strategic statement ‘Growth with Sustainability for Sustainable Growth’ outlines the fact that sustainability has been deeply integrated with our business strategy. To execute our strategy effectively, we have adopted the Aarti Management System (AMS), an integrated management system that attends to the needs of all stakeholders effectively. Under AMS, we have defined the Sustainability, Reliability, Productivity, People Growth and Company Growth objectives.
The objective of AMS is to inculcate excellence in each dimension of business to achieve these strategic objectives. Furthermore, seven pillars have been identified under AMS and standards, systems and stakeholder engagement processes have been developed under each pillar.
MANUFACTURING
EXPANSION
STRATEGY
GOVERNANCE
PEOPLE
DEVELOPMENT
COMMERCIAL
Our materiality assessment process is conducted with due consideration of our stakeholders' views and internal business alignment with global sustainability trends. To gain a holistic insight into the risks and opportunities associated with our sustainability performance, we have initiated the process of double materiality assessment and undertook impact materiality in accordance to GRI 2021. Based on the assessment, the material topics and their level of importance to the business and stakeholders are depicted below.
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