Sustainability

Our aim is to be a world-class manufacturer, a responsible corporate citizen and a good employer. We have a long history of actions to promote social and environmental development of the communities, where we operate.

Hayleys Fabric manufactures fabric for world renowned fashion brands, in Europe and in the United States. Our aim is to meet today’s needs without compromising the ability of future generations to meet their needs, and to do so in a way which will ensure profitable growth year after year and a high level of returns for our shareholders and value for society at large, over the long-term.

Our sustainability strategy forms the basis of running our business responsibly and profitably. We work with internal and external stakeholders to define our sustainability strategy and goals. Our sustainability strategy and goals are built on three pillars – Society, Environment and Economy.

Sustainability goals are part of Hayleys Fabric’s scorecard. These goals are cascaded to functional heads with required authority to execute them. The management discussion and analysis of our Annual report highlights the strategies to achieve social, ecological, and economic goals across short, medium and long-term.

Materiality

Materiality is about identifying the issues that matter most to our business and to our stakeholders. Our materiality evaluation is based on aspects and topics that impact our stakeholders and us on social, ecological, and economic parameters. These issues are identified by the Corporate Management Team using GRI-G4 guidelines as a framework for guidance. The issues that matters most to our business are identified, evaluated and prioritized.

Economic Performance
Health and Safety of Clients
Occupational Health and Safety
Employee Remuneration and Benefits
Energy Consumption
Water Consumption
Compliance
Emissions
Effluents and Waste
Employee training and Education
Anti-corruption
Local communities
Raw Materials and other input materials
Impact mitigation of environmental impacts of products and services

Stakeholder engagement

We understand the importance of maintaining an effective dialogue with our stakeholders. This helps us to create shared value and to deliver our commitments, which often requires a collaborative approach. Based on discussion and debates with Management and various committees, we reach at a list of stakeholders who are important to us.