APPROACH TO REPORTING
A paradigm shift has occurred in how shareholders evaluate a corporation. Stakeholders are concerned not only with a company's financial performance, but also with its entire value creation. Bajaj Electricals is committed to walk on the path of responsible business and through its vision, it strives for value creation, sustainably. This report communicates the information about Bajaj Electrical Limited’s governance, business model, strategy, opportunity assessment, material risk, operations, and performance for the year 2021-2022. It is published in accordance with the framework prescribed by the International Integrated Reporting Council (IIRC), which is based on the integrated thinking approach around the six capitals namely the Financial capital, Manufactured capital, Intellectual capital, Human capital, Natural capital, and Social and relationship capital. The report enables the stakeholders to understand how Bajaj Electricals manage their resources and relationships while creating sustainable long-term value.
APPROACH TO REPORTING
The reporting period for this Integrated Report is 1st April, 2021 to 31st March, 2022. It provides an overview of the operations and business development activities of the Company showcasing the environmental, economic, and social performance for the financial year 2021-22.
The electronic version of the report can be found on our website www.bajajelectricals.com.
REPORTING FRAMEWORKS AND COMPLIANCE
The report has been prepared in accordance with the principles recommended by the International Integrated Reporting Council (IIRC). In addition, the GRI (Global Reporting Initiative) Standards and Sustainable Development Goals (SDGs) are mapped to the KPIs used for reporting on the Capitals.
Materiality assessment has been conducted by Bajaj electricals to identify the most significant issues, which could impact the Company’s ability to create long term value for its stakeholders. These issues are determined after considering the internal and external factors, the trends in the industry, the Company's business strategy and the economic environment.
These material issues will be reviewed by the management as the Company evolves on its sustainability journey. A brief explanation on the material issues is provided in Materiality section (page 30). These material topics would provide an insight into the growth drivers of the Company.
This report is for Bajaj Electrical and the scope of this report covers its four manufacturing locations, its Offices across India, project sites, international projects managed from India. It includes the two segments of Bajaj Electricals — Consumer Products and Engineering Procurement & Construction (Illumination, Power Distribution and Transmission)
QUERIES REGARDING THE REPORT
Any feedback or query related to this report can be communicated to
Mr. Ajay Nagle.
CS & Compliance Officer
Readers can also reach out to us at the above email to provide feedback on improving our disclosures.