AARTI INDUSTRIES-About the Company

Aarti Industries Limited, a leading chemical manufacturing company was incorporated in the
year 1984 and has its headquarters in Mumbai, Maharashtra. The company sums up chemical
processes along with its competency in engineering to ensure a viable tomorrow. In the last
decade, AIL has changed from an Indian organization overhauling worldwide business
sectors to a worldwide substance with cutting edge fabricating offices in India. The company
assists other pharmaceuticals, agrochemicals, polymers, additives as well as pigments and
dyes manufacturing companies. (Aarti Industries, 2021)
Vision- “To emerge as a global partner of choice for leading consumers of specialty
chemicals and intermediaries”. (Aarti Industries, 2021)
Mission- “To delight stakeholders”. (Aarti Industries, 2021)

Ethical Outlook of Aarti Industries

Since its establishment, the company has thrived to create a strong and lasting bond with all
its stakeholders instead of primarily focusing on profit maximization and revenue generation.
“Care, Integrity and Excellence” being at the core of value system at aarti industries,
supports the business strategies formed by the company for its goal achievement (Aarti
Industries, 2021).Apart from it, the company also ensures that its customers, employees as
well as the local community’s needs and wants are prioritize while formulating as well as
implementing business strategies.
A. Promoting integrity and anti-corruption- The company acts with trustworthiness
when managing others and expect colleagues (for example private or business clients,
providers, specialists, and experts) to notice applicable legitimate necessities. It works
with outsiders who perform business morally and don't expose the Company to
criminal acts or other risk that can cause the Company or the group a reputational
hurt.
B. Conflict of Interest- Aarti industries expects loyalty from all its employees i.e.,
ensuring that every individual of the company works towards the interest of the
company within the scope of their employment. For promotion of fair and just
business practices, it is expected out of every employee of the company to reveal any
form of conflict of interests to their immediate supervisor or the human resource
manager and resolve it as soon as possible.
C. Data Privacy-The Company places incredible significance on ensuring the individual
information of its stakeholders. All personal data gathered and held by the Company
is handled reasonably, straightforwardly, cautiously and in consistence with the
locally appropriate information protection laws. It maintains secrecy of data of its
business partners and is shared only on “Need to know” basis for executing any form
of transaction.
D. Check on Insider Trading- Associated individuals having insider data which could
impact the cost of Company's shares, are not permitted to utilize this data for gaining
personal benefits, nor could they use it to give insider data to outsiders or use it for
suggesting the buy or offer of offers and other monetary instruments. All concerns are
along these lines expected to follow Companies Code on Prohibition of Insider
Trading and important guidelines in that regard.
 Environmental Initiatives
As per recent theories on stakeholders, environment is considered a silent stakeholder which
needs to be considered as important as other stakeholders. At Aarti industries, environment
friendly processes include Environment Impact Assessments (EIA) for new projects which
assists the firm in developing a plan for addressing the possible impacts of its projects on the
ecosystem. As a result, the company ends up implementing the right technology at the
primary/design phase itself which confirms nominal impact on the silent stakeholder as well
as groups surrounding the premises. However, for the happening projects, the company has
Environmental Management Systems (EMS) whose functioning is monitored through Aarti
Management System (AMS).
 The company does strategic planning to achieve “Zero-liquid discharge” for its
manufacturing units by recycling water to reduce the supply of fresh water. Water
used in the heating process is recycled while being careful not to lose its temperature,
lowering heating energy consumption. Water is not collected directly from any source
hence causing zero influence on water bodies.
 Aarti Industries is constantly working to reduce its environmental footprint and
contribute to the UNFCCC's NDCs. The use of fossil fuels and grid energy are the
two major sources of greenhouse gas emissions. Its direct emissions come from the
consumption of fuel and coal inside the facilities, while indirect emissions come from
the consumption of purchased energy.
 It is dedicated to making the most effective use of raw materials and producing the
least amount of trash possible. Its strategic focus on converting by-products into
marketable goods not only reduces waste but also increases material efficiency. The
by-product is appropriately disposed of in accordance with statutory requirements. It
adheres to the Pollution Control Board's air emission standards and does not utilize
any ozone-depleting chemicals (ODS) in its production procedures.

Aarti industries CSR initiatives

 “Aarti Foundation and Dhanvallabh Charitable Trust” engages in community welfare
apart from assisting non-profit organizations focused on different segments of the
society. Adding to the cause, promoters of the organization have kept aside
approximately 400 lakh equity shares for charitable purposes. (Aarti Industries, 2021)
 In FY 2019-20, the company spent INR 1,060 lakhs towards its CSR initiatives with
over 1.6 million recipients. It also provided financial support to over 7 schools with
10,000+ students and scholarships to 300+ students for pursuing higher education.
 Aarti industries has collaborated with various NGOs in Maharashtra, Gujarat, and
Uttar Pradesh to reimburse grocery, medicines, food as well as PPE kits and around
Rs.2.1 crore was donated for assisting this generous cause.
 Through Stitching classes, interest free loan for entrepreneurs and various other
societies and foundations, the company has assisted more than 1,000 women towards
their self-development and skill enhancement.
  When it comes to healthcare, aarti industries counselled 6 lakhs+ mothers on
breastfeeding practices and had 2lakh+ beneficiaries of its healthcare facilities across
the country through the hospitals which it provided financial assistance.
“The company announced its achievement of being awarded as “Gold EcoVadis Medal” for
its best corporate sustainability practices by “EcoVadis”, a globally trusted sustainability
trusted company. It was based on its score of 68/100 which positioned it among the top 5%
among all the companies assessed under this system.” (Business Standard, 2021)

Stakeholder Engagement at Aarti Industries

1. Employees
 Senior leaders as well as line managers across different functions meet
monthly.
 Employees interact weekly at Safety meetings whereas new employees and
contract employees go through a 2 and 1-day induction program respectively.
 Aarti Training Online Management System is used to handle AIL's training
and development operations. Employee engagement projects such as Aarti's
Got Talent, Aayam, Nirvana, Anahata, Arjan, and the Gratitude Journal are
ongoing.
2. Customers
 Engagement is done at least once in a year to understand their requirements.
 To improve business activities, regular feedbacks are cheered through e-mails.
3. Shareholders
 With more than 40,000 shareholders who have shown confidence in
company’s business, it engages with them during Annual General Meeting and
extraordinary general meeting as well as when the need may arise.
4. Local Community
 Engagement with local communities on a regular basis to better understand
their needs and problems.
 Interacting and assisting nomadic and denotified tribes throughout different
projects such as blood donation camps, skill development training for local
women and senior citizen homes.
5. Suppliers and Contractors
 Supplier involvement is a constant activity at AIL, and it takes place at
contract discussion sessions as needed. It begins with contractor selection and
ends with contractor onboarding.
 Other ways to connect with our suppliers and contractors include daily toolbox
discussions, weekly discussion sessions, performance reviews, and work
engagement.
6. Financial Analyst and Bankers
 Interaction with investors happens once in a year during the AGM.
 Depending upon the need and situation, bankers are engaged during meetings
related to financial discussions and growth, whereas regular feedback is
encouraged through e-mail.