At Aarti Industries Ltd. (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.
We resolve to lead the way in meeting the expectations of our stakeholders. We strive to maintain a reasonable level of dialogue with our stakeholder groups to understand their key interests and concerns. A strong dialogue with our stakeholders enables us to understand the causes and possible responses to their wants and needs.
Guided by GRI standards, materiality assessment is a systematic approach to identify and prioritise our material topics, risks or opportunities that are of prime concern to stakeholders and could impact the ability to execute corporate business strategy. The identification and prioritisation of appropriate and relevant material topics mark the starting point of assessing and reporting our sustainability efforts.
Persistence being critical to business sustainability, we continuously monitor and evaluate our progress on relevant material subjects for future-proofing our business. We had conducted a comprehensive materiality assessment to gain a clear understanding of subjects most pertinent for our business and stakeholders. Based on the assessment, the vital material topics and their level of importance to the business and stakeholders are depicted below.