Jindal Worldwide Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report'.
JINDWORLD · price
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Jindal Worldwide Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 to NSE and BSE, as required under SEBI's listing rules. The report is part of the company's 39th Annual Report and marks its inaugural sustainability disclosure. The company is mainly a textile manufacturer, with fabric production making up 84% of turnover. It serves 16 Indian states and exports to 24 countries, contributing 15.9% of total revenue. Revenue stood at around ₹2,225 crore and net worth at ₹779 crore. Key sustainability highlights include switching from coal to biomass for steam generation, using solar power, installing a Zero Liquid Discharge water treatment system, and earning certifications like ZDHC, OEKO-TEX, and GOTS. The company reported zero product recalls and zero workplace fatalities during the year. Some concerns include a very low share of women employees (3.45% of staff, all workers are male), no differently abled employees, and a high employee turnover rate of 35.79% (up from 32.13% last year). Customer complaints dropped sharply from 743 to 267 but 20 were still pending at year-end.
This is a routine regulatory disclosure with no direct impact on share price or dividends. However, the company's growing focus on ESG practices and international certifications may help attract global brand customers, while the high employee turnover and low diversity could be red flags for ESG-focused investors.