Carborundum Universal Limited (CUMI) recognizes Environmental, Social, and Governance (ESG) factors as central to building a sustainable business and a more equitable society. ESG principles are embedded across the Company's strategy, decision-making, daily operations, and stakeholder interactions, guided by a Board that includes members with dedicated ESG expertise.
The Board oversees ESG through a set of dedicated committees: the Audit Committee, Corporate Social Responsibility Committee, ESG Committee, Risk Management Committee, and Stakeholders Relationship Committee. The ESG Committee, comprising representatives across all functions and businesses, is responsible for implementing the Company's ESG policies and strategies, coordinating with departments and stakeholders, monitoring progress toward ESG goals, and identifying areas for improvement.
The ESG Committee, comprising representatives across all functions and businesses, is responsible for implementing the Company's ESG policies and strategies, coordinating with departments and stakeholders, monitoring progress toward ESG goals, and identifying areas for improvement.
CUMI has adopted a set of policies aligned with its ESG commitments, including an Anti-Corruption and Anti-Bribery Policy, a Code of Conduct, a CSR Policy, an Equal Employment Opportunity Policy, a Policy against Human Trafficking and Child Labour, a Stakeholder Grievance Redressal Policy, and a Whistleblower Policy.
CUMI has published a Business Responsibility and Sustainability Report (BRSR) since 2023, building on Business Responsibility Reports published annually from 2017 to 2022. The Company's materiality assessment — identifying environmental and social issues that present risk or opportunity to the business — and its Board skills matrix are both published in the Annual Report.
Business Responsibility Reports
Business Responsibility and Sustainability Report (BRSR)
materiality assessment
Board skills matrix
CUMI's ESG reporting is aligned with the National Guidelines on Responsible Business Conduct (NGRBC), the government framework underpinning BRSR reporting for listed companies in India.
CUMI has set sustainability targets to reduce its overall environmental footprint, with specific goals for energy consumption, water consumption, waste generation, and circularity.
CUMI onboards new suppliers, contractors, and external providers using a supplier assessment form that evaluates health and safety practices and working conditions, as part of ensuring its supply chain aligns with the Company's value system.
