Beleaf in Putting the Environment First
Since our founding way back in 1884, Dabur has been working towards solving the myriad challenges faced by our society by offering a range of nature and ayurveda-based solutions that provide holistic health & well-being to everyone.
As a global enterprise, we have an unwavering commitment not only towards growing our business, but also ensuring that this growth does not come at the expense of environmental and social development.
Path to being a Net Zero Emissions hero
In FY 2022-23, we announced our decision to become a NET ZERO EMISSIONS ENTERPRISE by FY 2045. Our ESG initiative, Project Prakriti-Growing with Nature, is our strategic response to global challenges like Climate Change, Water Scarcity, Plastic Pollution, and Inequality. This program is designed to address 15 critical areas identified through a comprehensive assessment of the most significant ESG impacts of our operations.
The journey on this path to creating a better future and leaving a greener planet for our future generations starts with improving our practices, processes, and culture. Working towards this goal, we have put in place a cohesive and structured set of policies, strategies, and interventions to meet this ambitious milestone.
Through our established targets and commitments, we aim to tackle social and environmental challenges. Our actions not only mitigate risks but also help seize opportunities, contributing to the sustainable growth of our business.
Our science-based approach to NET ZERO EMISSIONS works towards mitigating GHG emissions across our value chain while addressing the impacts on Natural Ecosystems and Communities. In line with this ambition, we will continue to work closely with our suppliers and business associates as they play a critical role in reducing our carbon footprint at every stage of the value chain through concerted efforts and innovative solutions. The progress that we have made on each of the ESG parameters over the past one year has been presented below.
Environment
140% improvement in S&P Global 2023 Corporate Sustainability Assessment (CSA) Score
Our ESG initiatives over the past one year has been recognized with Dabur India advancing significantly in the Dow Jones Sustainability Index score in 2023. Dabur reported a 140% improvement in its score to be ranked amongst the best in the industry with a score of 72. Dabur India Limited was included in the S&P Global Sustainability Yearbook 2024. Dabur was also named an Industry Mover for its commitment and initiatives towards sustainability. The Yearbook members are selected based on their score from the S&P Global 2023 Corporate Sustainability Assessment, or CSA Score. To be listed in the Yearbook, companies must score within the to 15% of their industry and must achieve a CSA Score within 30% of their industry's top-performing company.
Our commitment to drive sustainability and becoming better and more effective in ESG governance is also demonstrated by the appointment of our Head - Operations Mr.Rahul Awasthi as the company's first-ever Chief Sustainability Officer. The Chief Sustainability Officer (CSO) is responsible for periodic review of material issues, scanning the external environment for evolving sustainability trends and regulations, monitoring the progress on sustainability targets and facilitating the business and functions in implementing the sustainability initiatives. The CSO is a member of Company's Management Committee, and reports to the Chief Executive Officer of the Company, who is one of the Directors on the board of the Company. Towards fostering our continued commitment on ESG, the CSO, as a member of ESG Board Committee, also submits progress reports on the Company's sustainability initiatives therein periodically.
Annual Report 2023-24