At Himadri, we have deepened our governance commitment through various initiatives. We aim to set benchmarks in responsible corporate conduct while driving sustainable value for all.
Key pillars of our governance include:
- Integrity and accountability- We have embedded responsibility and accountability into every organizational level.
- Risk management- We have created a risk management structure to protect our business competitiveness
- Transparency- We have promoted transparency, ethical values and stakeholder aspirations
- Sustainability Integration- We remain a running entity through a culture of regulatory compliances
Governance Importance
Good governance is backbone of any successful sustainability strategy. It ensures that decisions are made transparently, responsibly, and inclusively, aligning business objectives with environmental, social and ethical priorities. In sustainability, governance bridges the gap between vision and execution, integrating policies, stakeholder interests and ethical principles into the organizations core strategy. Strong governance frameworks promote accountability at all levels, from leadership to operations, ensuring that sustainability commitments are not just aspiration but actionable and measurable outcomes. They help mitigate risks, foster trust among stakeholders and drive long-term value creation.
Enterprise Risk Management
Himadri's governance risk management system uses decentralised controls to capture granular risks. Executives are appointed at the operating and group levels to guarantee complete risk management. At the group level, risk registers are combined to identify material risks based on three criteria: frequency, potential size, and impact. The created risk management system analyses both quantifiable and non-quantifiable hazards for the current year as well as the midterm period. Risk reporting is both the beginning point and the consequence of Himadri's continual risk management.
Risk coordinators ensure that risks are reported by respective business units (identification). The risk assessment process uses clear and uniform criteria for classification and prioritization. The measures selected and implemented to manage risks are designed to limit the potential damage caused by the risk factors and/or reduce their probability of occurrence (controlling). Progress and other emerging risks are tracked (monitoring). Monitoring is discontinued only when a risk becomes obsolete or insignificant.
