29 Charting the Path to Sustainable Growth Fostering Action on Climate Change Fostering Responsible Supply Chains Fostering an Inclusive Workplace GRI Index Arise IIP | Sustainability Report 2023 Corporate Governance and Business Ethics Our Board of Directors embody diversity, independence, and a wealth of experience across various business domains. Comprising individuals with diverse backgrounds and expertise, the Board fosters critical discussions and informed decision-making, ensuring that sustainable development remains at the forefront of our corporate agenda. This diversity enables the Board to effectively address complex sustainability challenges and capitalize on emerging opportunities. The Board of Directors plays a central role in overseeing due diligence processes and managing our impacts on the economy, environment, and people. Our commitment to transparency and stakeholder engagement underpins these efforts, ensuring that our governance practices are aligned with our sustainability objectives and responsive to stakeholder expectations. Few of the ways in which it plays out are as follows: Strategic Planning Sessions Regular strategic planning meetings involving the Board and senior executives serve as forums for collectively defining our organization’s purpose, values, and mission in alignment with our sustainability objectives. These sessions facilitate robust discussions and strategic alignment, ensuring that sustainability considerations are central to our overarching corporate strategy. Role of the Highest Governance Body in Overseeing the Management of Impacts At our organization, sustainable development is not just a goal, but a fundamental principle ingrained in our corporate governance structure. Our highest governance body and senior executives play pivotal roles in shaping, approving, and updating our purpose, values, mission, strategies, policies, and goals related to sustainable development. Their collaborative efforts ensure that sustainability is seamlessly integrated into our business operations, driving longterm value creation while fulfilling our responsibilities to society and the environment. Cross Functional Teams Collaborative cross-functional teams, comprising executives from diverse business segments, work together to integrate multifaceted perspectives and industry insights into our strategic decisionmaking process. This collaborative approach ensures that sustainability considerations are embedded across all business functions and operations. Sustainability Committee Dedicated ESG Committee to oversee the development and approval of sustainability-related strategies, policies, and goals. Comprising Board members and senior executives, the committee ensures comprehensive coverage and effective governance of our sustainability initiatives. Periodic Reviews & Updates Regular reviews and updates, conducted by joint Board and executive teams, assess the effectiveness of our existing strategies, policies, and goals related to sustainable development. These reviews enable us to adapt and evolve our approach in response to emerging sustainability challenges and opportunities.
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