Welspun India : WIL Sustainability Report 21-22

Sustainability Report 2021-22

Sustainability Report 2021-22

EXECUTIVE STATEMENT

01

EXECUTIVE

STATEMENT

COMPANY

PROFILE

ABOUT THE

REPORT

GOVERNANCE

SUSTAINABILITY & US

Awards & Accolades

Stakeholder Engagement & Materiality

Our Global Collaborations

ECONOMIC

ENVIRONMENT

SOCIAL

Sustainable Farming

PEOPLE

SUSTAINABLE

SUPPLY CHAIN

I believe businesses can be a catalyst for change, and so we remain driven to propel the well-being of our environment, society and stakeholders with a strong governance bedrock.

De Stds,

Today, sustainability is about action with acceleration. Addressing the pressing challenges of ESG, is no longer a question of only priority, but also agility. We believe, businesses can be catalysts for change to help propel sustainability across the value chain. This is why acceleration is at the heart of our ESG strategy - 'Welocity', designed to enhance and amplify environmental, social and economic well-being. While the principles of ESG have always been a part of Welspun's DNA, with our newly refined ESG strategy we have developed a more structured approach with clear goals.

With the COVID-19 pandemic, the world around us transformed rapidly and a new normal pushed us to re-invent ourselves and re-imagine possibilities. At Welspun, we believe the health of the organization depends on the health of its people. We ensured the well-being and security of our people through the 'Penta Protocol',

a multi-layered security framework involving measures like sanitizing, social distancing & rotational work.

Despite a year full of challenges, Welspun India emerged resilient and sustained its performance. This ability to deliver arises from our commitment to innovation, sustainability and talent.

At Welspun, innovation helps us shift gears and fast forward towards effective solutions to mitigate risks and amplify opportunities. Over the years, we have invested in focused consumer researches to make data-driven

decisions. We also constantly embed new technology in our processes such as developing unique traceability solutions - WelTrakTM through blockchain technology, exploring technology for product innovation in sleep or wellness, or enabling virtual showcasing of our products as well as tours of our manufacturing facilities for our stakeholders. We also implemented ESG Compass tool for monitoring and reporting our ESG performance accurately and on time.

Sustainability and innovation go hand in hand at Welspun. Transitioning from linear to circular processes, we took rapid strides to make our operations more sustainable. We have achieved zero dependency on fresh water in our manufacturing plant at Anjar and are working to replicate the same across our facilities.

Going forward, we have developed and redefined our Sustainability Roadmap for the next ten years with structured goals and targets. By 2030, we aim to rely 100% on renewable energy and source 100% sustainable cotton, among other goals.

Along with our commitment to environmental well-being, we also work to create progressive communities. With an unwavering focus on the 3Es i.e., Education, Empowerment and Environment & Health, we have undertaken multiple initiatives and projects to advance societal well-being. Many of our social initiatives are designed with the dual benefit of preserving the environment while empowering the community.

Along with creating sustainable sources for our raw materials, our sustainable farming projects ensure better income for our farmers who are also updated in the latest know-how and have positively impacted more than 70,000 farmworkers. With our initiative 'SPUN', we repurposed fabric waste generated in our factories by gainfully employing women to work from home and create beautiful hand-crafted products, thus creating livelihood opportunities as well.

Instrumental in keeping the momentum of growth going are our employees. We ensured our employees were cared for and communicated with during the months of uncertainties. We believe each employee is an asset and we empower them to reach their full potential through continuous learning and upskilling.

We emphasize diversity within the organization and actively work to bring on board more women at every level in the organization.

By reporting our sustainability performance, we aim to accelerate the pace of transformation not only within our organization but also within our entire value chain. This sustainability report is not only a tool to foster transparency, but also to encourage and enrich engagement. We hope you find this report informative and look forward to your thoughts and feedback.

Ms Dipali Goenka

CEO and Joint Managing Director

Welspun India

Sustainability Report 2021-22

COMPANY	02
PROFILE

EXECUTIVE

STATEMENT

COMPANY

PROFILE

ABOUT THE

REPORT

GOVERNANCE

SUSTAINABILITY & US

Awards & Accolades

Stakeholder Engagement & Materiality

Our Global Collaborations

ECONOMIC

ENVIRONMENT

SOCIAL

Sustainable Farming

PEOPLE

SUSTAINABLE

SUPPLY CHAIN

#1 ranking

as Home Textile Supplier to the US* consistently

360o capabilities

from farm-to-shelf with vertically integrated facilities

+50 countries

distribution and reach with global retailers and marquee customers

INR 93,115 million

annual revenue

Leading from front in

ESG performance

Note: *Source: HTT Magazine

Welspun India is a part of the USD 2.3 billion Welspun Group and is one of the world's leading home textile players. The largest exporter of home textile products from India, we have been the top home textiles exporter to the US consistently.

A strong workforce of more than 20,000 people worldwide is what fuels our success. In India, we have a range of home textile brands and a product portfolio divided into three main categories - Bed, Bath and Flooring- helping us to become the leading option in homes all around the world.

Creating products for world-class sporting events such as the Wimbledon Championship and renowned brands such as Martha Stewart and Scott Living, to manufacturing towels and sheets that regulate body temperature on contact with the skin, we have always ensured quality and innovation in every aspect of our process.

In our journey of more than 37 years, we have ensured our growth also propels the communities we work in and protects the environment we live in.

Our new motto is "Har Ghar Welspun" and we aim to reach every Indian home through our products and bring better living experiences for them all.

We believe in 'Leading Tomorrow Together' by breaking new grounds and setting new benchmarks to create a more sustainable world. To achieve this, we focus on innovation, branding, and sustainability to set us apart.

Our Vision

Home Textiles

Delight our customers through innovation and technology, achieve inclusive and sustainable growth to remain eminent in all our businesses.

Welspun Flooring

Winning over the world, one room at a time.

Our Principles

Customer Centricity

Technology & Innovations

Collaboration

Inclusive Growth

For more details, please visit our website at

https://welspunindia.com/about-us.php

Sustainability Report 2021-22

Global	Business
Presence	Portfolio

03

EXECUTIVE

STATEMENT

COMPANY

PROFILE

ABOUT THE

REPORT

GOVERNANCE

SUSTAINABILITY & US

Awards & Accolades

Stakeholder Engagement & Materiality

Our Global Collaborations

ECONOMIC

ENVIRONMENT

SOCIAL

Sustainable Farming

PEOPLE

SUSTAINABLE

SUPPLY CHAIN

With a strong global distribution network and a dominant presence in over 50 countries, we have various warehouses, manufacturing facilities, headquarters, and marketing offices across the globe.

Welspun India has two world-class,state-of-the-art textile manufacturing facilities at Anjar and Vapi, both located in Gujarat, India while the Flooring solutions manufacturing is based in Chandanvelly, Telangana, India. Our corporate office is in Mumbai, Maharashtra, India.

We have also established our online presence through our own brand website - SPACES and reach our customers through other online retail partners.

For more details on our locations, please visit

our website at https://welspunindia.com/about-us.php

Our world-class manufacturing facilities are equipped to deliver high quality products, benchmarked to international standards. Our environment-friendly vertically integrated plants are designed for farm-to- finish production across our diverse product range that includes terry towels, bathmats, rugs, bed sheets and basic bedding products.

We also offer broadloom carpets, greens, click-n-lock tiles, and carpet tiles as a part of the flooring solutions.

Welspun India has a strong B2B business, where it supplies its textile products to the global retailers like Walmart, Ikea, Target, Costco, Tesco, etc. The Company is also now focusing on B2C business in India and other parts of the world through its own brands like 'Welspun', SPACES, Christy, etc.

Through its strong brand presence and focus on building the distributor and retail network it aims to be the FMCG of the textile sector.

TOWELS,

BATH ROBES

CARPETS,	SHEETS,
RUGS,	TOB, BASIC
FLOORING	& FASHION
SOLUTIONS	BEDDING

For more details on our

businesses and brands please visit our website at

https://welspunindia.com/businesses.php

and

https://welspunindia.com/brands.php

Sustainability Report 2021-22

Products	04
Profile

EXECUTIVE

STATEMENT

COMPANY

PROFILE

ABOUT THE

REPORT

GOVERNANCE

SUSTAINABILITY & US

Awards & Accolades

Stakeholder Engagement & Materiality

Our Global Collaborations

ECONOMIC

ENVIRONMENT

SOCIAL

Sustainable Farming

PEOPLE

SUSTAINABLE

SUPPLY CHAIN

Along with standard textile products, we have also taken several initiatives in developing sustainable products which have a lower environmental footprint and a higher health & wellness quotient.

These were developed across categories like Towels, Sheets, Rugs, Carpets, TOB and Utility Bedding.

Some examples of successful development and execution of sustainable products include:

• Made a range of towels with blended recycled polyester (polyester used in these towels was derived from post-consumer PET bottles) - this not only prevented PET bottles from going into landfills, but also reduced the environmental footprint during its use by consuming less power to dry. These products were made using GRS (Global Recycle Standard) certified sources
• Replaced latex coating which imparts anti- skid properties with Thermoplastic Rubber (TPR) - with a lesser environmental impact than synthetic latex
• Launched SPACES organic bed sheets in the Indian market - which were made using GOTS (Global Organic Textile Standard) certified processes with biodegradable packaging

• Patented Nanocore (R) anti-allergen bedding products - made up of a unique fabric structure, without any chemical coatings, AAFA certified, and specially designed and beneficial for people with asthma and allergies
• Developed Goodrest range of organic sheeting products with wrinkle-resist properties
• Produced bath rugs made of 100% recycled polyester
• Used sustainable manmade cellulosic fibers - Tencel and Lyocell, in our products
• Set-upa robust supply chain to offer recycled cotton blended products in towels and bed sheets category - the cotton was recovered from industrial waste streams (yarns and fabrics)