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M.R.F. Ltd. — Environmental & Social Information 2025
Jul 14, 2025
64094_rns_2025-07-14_666ce2a9-9a0a-4fcc-b08b-9b89fa8e775d.pdf
Environmental & Social Information
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S Digitally signed by S DHANVANTH DHANVANTH KUMAR Date: 2025.07.14 KUMAR 14:34:49 +05'30'
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MRF LTD
BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT
FY 2024-2025
__________________________________________________________________________________________________________
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II. Products and Services:
BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT
16. Details of business activities (accounting for 90% of the turnover):
SECTION A – GENERAL DISCLOSURES
| Sr.No. | Description of Main Activity |
Description of Business Activity |
% of Turnover of the entity |
|
|---|---|---|---|---|
| 1 | Manufacturing of Automotive Tyres, Tube, Flap etc |
Manufacturing of Truck, Farm, Passenger, Two- wheeler and other tyres, tubes and flaps |
100% |
I Details of the Listed Entity: -
| 1 | Corporate Identity Number (CIN) of the Listed Entity |
L25111TN1960PLC004306 |
|---|---|---|
| 2 | Name of the company | MRF Limited |
| 3 | Year of incorporation | 05-11-1960 |
| 4 5 |
Registered office address Corporate address |
114,Greams Road,Chennai,600006 114,Greams Road,Chennai,600006 |
| 6 7 |
E-mail Telephone |
[email protected] 044-28292777 |
| 8 | Website | www.mrftyres.com |
| 9 | Financial year for which reporting is being done |
01-04-2024 to 31-03-2025 |
| 10 11 |
Name of the Stock Exchange(s) where shares are listed Paid-upCapital |
(a)National Stock Exchange of India Ltd (b)BombayStock Exchange Ltd. Rs.42411430 |
(a)Mr. K M Mammen |
||
| (DIN : 00020202), | ||
| Chairman and Managing Director, | ||
| Tel. No. : +91 44 28292777, | ||
| Name of contact details of the person who | E-mail Id : [email protected] | |
| 12 | may be contacted in case of any queries | |
| on the BRSR Report | (b) Mr. Arun Mammen | |
| (DIN : 00018558), Vice Chairman and Managing Director, Tel. No. : +91 44 28292777, E-mail Id : [email protected] Standalone Basis (For FY 24-25, |
||
| 13 | Reporting boundary | disclosure is reported based on “Industry standards on reporting of BRSR Core” Guidance wherever applicable) |
| 14 | Name of assurance/assessmentprovider | S G S India Private Limited |
| 15 | Type of assurance/assessment obtained | Reasonable Assurance on BRSR Core Attributes |
17. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover):
| Sr. | No. | Product/Service | NIC Code | % of total Turnover contributed |
|---|---|---|---|---|
| Manufacturing of | ||||
| 1 | Automotive Tyres, Tube, | 2211 | 100% | |
| Flapetc |
III. Operations:
18. Number of locations where plants and/or operations/offices of the entity are situated:
| Number of Manufacturing Units |
Number of offices | Total |
|---|---|---|
| 10 | 199 | 209 |
| 0 | 4 | 4 |
19. Markets served by the entity:
The company operates in the following markets mentioned below: a. Number of locations:
| Locations | Number |
|---|---|
| National (No. of States) | The Company sells its products in all the 28 states and 8 Unionterritoriesinthe country |
| International (No. of Countries) |
The Company serves in more than 60 countries |
b. What is the contribution of exports as a percentage of the total turnover of the entity? 8.34%
c . A brief on types of customers :
Institutional Customers (Original Equipment Manufacturers (OEM), State Transport Undertaking (STU), Defence, Government Departments, Contractors) and Retail Markets.
:
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IV : Employees
20. Details as at the end of Financial Year:
21. Participation/Inclusion/Representation of women
a. Employees and workers (including differently abled):
| Sr. No |
Particulars | Total | Male | Male | Female | Female |
|---|---|---|---|---|---|---|
| (A) | No.(B) | %(B /A) | No.(C) | %(C / A) | ||
| Employees | ||||||
| 1 | Permanent (D) | 6775 | 6723 | 99.23% | 52 | 0.77% |
| 2 | Other than Permanent(E) | 124 | 124 | 100% | 0 | 0 |
| 3 | Total employees(D + E) | 6899 | 6847 | 99.25% | 52 | 0.75% |
| Workers | ||||||
| 4 | Permanent (F) | 11075 | 11075 | 100% | 0 | 0 |
| 5 | Other than Permanent (G) |
15142 | 14753 | 97.43% | 389 | 2.57% |
| 6 | Total workers (F + G) | 26217 | 25828 | 98.52% | 389 | 1.48% |
| Total | No. and percentage of Females |
No. and percentage of Females |
|
|---|---|---|---|
| (A) | No.(B) | %(B / A) | |
| Board of Directors | 14 | 3 | 21.43% |
| KeyManagement Personnel | 2* | 0 | 0% |
Note: * excluding Managing Directors / Whole-time Directors
22. Turnover rate for permanent employees and workers (trends for the past 3 years)
| FY 2024-25 | FY 2024-25 | FY 2024-25 | FY 2023-24 | FY 2023-24 | FY 2023-24 | FY 2022-23 | FY 2022-23 | FY 2022-23 | |
|---|---|---|---|---|---|---|---|---|---|
| Male | Female | Total | Male | Female | Total | Male | Female | Total | |
| Permanent Employees |
12% | 0% | 12% | 12% | 7% | 12% | 16% | 7% | 16% |
| Permanent Workers |
14% | 0% | 14% | 2% | 0% | 2% | 4% | 0% | 4% |
V: Holding, subsidiary and associate companies (including joint ventures)
b. Differently abled Employees and workers:
23. (a) Names of holding / subsidiary / associate companies / joint ventures The company has a total of 4 active subsidiaries.
| Differently abled employees | Differently abled employees | Differently abled employees | Differently abled employees | 23. (a) Names of holding / subsidia The company has a total of 4 active |
23. (a) Names of holding / subsidia The company has a total of 4 active |
ry / associate subsidiaries. |
companies / joint | ventures | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| S. No. |
Name of the holding / subsidiary / associate companies / joint ventures (A) |
Indicate whether holding/ Subsidiary/ Associate/ Joint Venture |
% Of shares held by listed entity |
Does the entity indicated at column A, participate in the Business Responsibility initiatives of the listed entity? (Yes/No) |
||||||||
| Sr. No |
Particulars | **Total ** | Male | Female | ||||||||
| (A) | No. (B) | % (B / A) | No. (C) | % (C/A) | ||||||||
| 1 | Permanent (D) | 8 | 8 | 100% | 0 | 0 | ||||||
| 2 | Other than Permanent(E) | 0 | 0 | 0 | 0 | 0 | ||||||
| 3 | Total differently abled employees (D+E) |
8 | 8 | 100% | 0 | 0 | ||||||
| Differently abled workers | ||||||||||||
| Sr. No |
Particulars | Total | Male | Female | ||||||||
| (A) | No. (B) | % (B / A) | No. (C) | % (C / A) | 1 | MRF Corp Limited | Subsidiary | 100% | -No- | |||
| 4 | Permanent (F) | 52 | 52 | 100% | 0 | 0 | ||||||
| 2 | MRF International Limited | Subsidiary | 94.66% | |||||||||
| 5 | Other than permanent (G) | 1 | 1 | 100% | 0 | 0 | ||||||
| 3 | MRF Lanka (P) Ltd | Subsidiary | 100% | |||||||||
| 6 | Total differently abled workers (F + G) |
53 | 53 | 100% | 0 | 0 | ||||||
| 4 | MRF SG PTE. LTD | Subsidiary | 100% |
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VI: CSR
24. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No) - Yes
-
(ii) Turnover (revenue from operations) (in Rs.Cr ) – 27665.22
-
(iii) Net worth (in Rs.Cr ) – 18175.87
VII: Transparency and Disclosure Compliances
25.Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct: If Yes, then provide web-link for grievance redressal policy
| Stakeholder group from whom complaint is received |
Grievance Redressal Mechanism in Place (Yes/No) |
FY 2024-25 | FY 2024-25 | FY 2024-25 | FY 2023-24 | FY 2023-24 | FY 2023-24 |
|---|---|---|---|---|---|---|---|
| Current Financial Year | Previous Financial Year | ||||||
| Number of complaints filed during the year |
Number of complaints pending resolution at close of the year |
Remarks | Number of complaints filed during the year |
Number of complaints pending resolution at close **of the year ** |
Remarks | ||
| Communities | Yes | 0 | 0 | - | 1 | 1 | - |
| Shareholders | Yes | 14 | 1 | - | 20 | 2 | - |
| Investors (Other than shareholders) |
Yes | 0 | 0 | - | 0 | 0 | - |
| Employees and workers |
Yes | 1 | 0 | - | 0 | 0 | - |
| Customers | Yes | 54942 | 0 | - | 41206 | 0 | - |
| Value Chain Partners |
Yes | 3 | 0 | - | 0 | 0 | - |
| Other (please specify) |
- | 0 | 0 | - | - | - | - |
| Weblink: https://www.mrftyres.com/investor-relations/mrf-mechanism-for-grievance-redressal |
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26. Overview of the entity’s material responsible business conduct issues:
Please indicate material responsible business conduct and sustainability issues pertaining to environmental and social matters that present a risk or an opportunity to your business, rationale for identifying the same, approach to adapt or mitigate the risk along-with its financial implications, as per the following format
| S. No. | Material identified issue | Indicate whether risk or opportunity (R/O) |
Rationale for identifying the risk / opportunity | In case of risk, approach to adapt or mitigate | Financial implications of the risk or opportunity (Indicate positive or negative implications) |
|---|---|---|---|---|---|
| 1 | Carbon Emissions | R | With rising regulatory pressures, increasing carbon costs, and operational impacts. Market expectations for low-carbon products are reshaping procurement decisions, especially from automotive OEMs. High emissions also pose reputational risks and investor scrutiny. Proactive carbon management is essential for business resilience and competitiveness. |
MRF has taken multiple measures to reduce its emission through utilization of biofuels, renewable energy and improving its efficiency across operations with a medium-term target of 25% reduction of Scope 1 and 2 emission intensity by FY 2028 (Base year FY 2023) |
Negative |
| 2 | Water Management | R | Water is a critical resource in India and crucial for its economy and wellbeing of its people. Rapid urbanisation and industrialization have resulted in drought and water stressed areas. Thus, increase in water costs and natural resource depletion is a business risk. |
MRF conducted water stress assessment (WRI Aqueduct) and performance assessment as per International Water Stewardship Standard (AWS) to identify hotspots and improvement areas |
Negative |
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| 3 | Energy Management | O | Advancement of technology enables MRF to take up optimization projects, switch over to energy efficient equipment and contribute to reduce overall energy footprint. Better energy management would enable reduction in the cost of energy. |
Positive | |
|---|---|---|---|---|---|
| 4 | Opportunities in Renewable Energy |
O | With increasing availability of renewable energy sources, it enables the transition from non- renewable to renewable energy which also contributes to reduction in cost and carbon emissions. |
Positive | |
| 5 | Toxic Emission and Waste | R | Improper handling of chemicals can harm local ecosystems and public health leading to reputational damage. Customers and investors increasingly demand |
We have adopted adequate engineering controls in our system to combat any adversities. In our operations, toxic emissions are at negligible levels. |
Negative |
| responsible waste management in order to transition from linear to circular economy. |
The hazardous waste is disposed of through the authorised agencies prescribed under the respective State Pollution Control Board. |
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| 6 | Occupational Health and Safety |
O | Our commitment to Occupational Health and Safety is integral to our operations. Our objective is to target zero accidents and ill health by proactively monitoring health and safety performance and providing clear guidance. Ensuring employee wellbeing is critical for operational continuity and workforce morale |
Positive |
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SECTION B – MANAGEMENT AND PROCESS DISCLOSURES
This section is aimed at helping businesses demonstrate the structures, policies and processes put in place towards adopting the NGRBC Principles and Core Elements.
At MRF, we have a robust management framework in place which enables us to align with the NGRBC Principles with respect to structure and policies to ensure that we continue to deliver our best in an ethical and responsible way. This encompasses transparent and principled business practices that hold us accountable, as well as protect the interests of our stakeholders, including customers and employees.
| including customers and employees. | including customers and employees. | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Disclosure Questions | P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | |
| Policy and Management Processes | ||||||||||
| 1. a) Whether your entity’s policy/policies cover each principle and its core elements of the NGRBCs. (Yes/No) | Y | Y | Y | Y | Y | Y | Y | Y | Y | |
| b)Has the policy beenapproved by theBoard?(Yes/No) | Y | Y | Y | Y | Y | Y | Y | Y | Y | |
| c) Web Link of the Policies, if available : https://www.mrftyres.com/downloads/Business-Responsibility-Policy.pdf | ||||||||||
| 2. Whether the entity has translated the policy into procedures. (Yes / No) | Y | Y | Y | Y | Y | Y | Y | Y | Y | |
| 3. Do the enlisted policies extend to your value chain partners? (Yes/No) | Y | Y | Y | Y | Y | Y | Y | Y | Y | |
| 4. Name of the national and international codes / certifications /labels/ standards (e.g. Forest Stewardship Council, Fairtrade, Rainforest Alliance, Trustee) standards (e.g. SA 8000, OHSAS, ISO, BIS) adopted by yourentity andmapped to eachprinciple. |
All the 10 Manufacturing Plants are certified for ISO 9001:2015 and IATF 16949:2016 as part of Quality Management System. Arkonam and Medak plants are certified for AS9100D:2016 for Aerospace Quality Management System. The Company’s products are certified for different product standards like BIS (Bureau of Indian Standards) and several country specific quality standards to which we export. Regarding ISO 45001:2018 - Occupational Health and Safety Management SystemStandard andISO14001:2015Environmental Management SystemStandard, allofour 10 plants are certified. |
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| 5. Specific commitments, goals and targets set by the entity with defined timelines, ifany. |
The company has taken following target in current year: Attain Carbon Neutral by FY 2050 for Scope 1 and 2 | |||||||||
| 6. Performance of the entity against the specific commitments, goals and targets along-with reasons in case the same are not met. |
Performance with respect to these targets are being assessed on a regular basis. We carried out several energy optimisation projects across all our plants to reduce our scope 1 emission intensities. Renewable energy contribution in the current year is 24% in our overall electricity consumption (through Renewable PPAs) for reducing ourScope2emissions. |
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| Governance Leadership and Oversight | ||||||||||
| 7. Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets, and achievements. | ||||||||||
| Sustainability has become a business imperative and is a continual process that requires collaboration from all the stakeholders to achieve the unified goal of a sustainable future. We have taken a long-term target of achieving carbon neutral by FY 2050 for Scope 1 and 2. Further, in the current year, the Company’ operations have been able to achieve 24% of renewable energy mix in our electricity consumption for reducing our Scope 2 emissions.We have taken measures in reducing carbon emissions, optimizing resource usage, promoting employee welfare and fostering community engagement. Through innovative initiatives and strategic partnerships, we strive to achieve these goals while ensuring positive environmental and societal impact. Awards won by MRF are as follows: May 2024: MRF was awarded by M/s Suzuki Motor India Pvt. Ltd. as the Overall Best QCDDM (Quality, Cost, Delivery and Development/Management) Supplier for supplies made from ARK,TCC, and APL. Jan 2025: MRF was awarded the "Platinum QA Award" by M/s Bajaj Auto Limited for excellence in quality and on-time supplies made from ARK, TCC, MDK, APL, and DHJ plants. Mar 2025: MRF was awarded by M/s Honda Motorcycle & Scooter India Ltd. (HMSI) as the Best Supplier in "Special Efforts for Tyre Development" for supplies made from ARK, TCC, and APL. |
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- (a) Mr. K M Mammen (DIN : 00020202), Chairman and Managing Director, Tel. No.: +91 44 28292777 , E-mail Id : [email protected].
8. Details of the highest authority responsible for implementation and oversight of the Business Responsibility policy (ies). (b) Mr. Arun Mammen (DIN : 00018558), Vice Chairman and Managing Director, Tel. No.: +91 44 28292777,E-mail Id : [email protected] [email protected] 9. Does the entity have a specified Committee of the Board/ Director responsible for Yes decision making on sustainability related issues? (Yes / No). If yes, provide details. a) Mr. K M Mammen- (DIN : 00020202), Chairman and Managing Director, Tel. No.: +91 44 28292777, E-mail Id : [email protected]. [email protected]. . (b) Mr. Arun Mammen (DIN : 00018558), Vice Chairman and Managing Director, Tel. No.: +91 44 28292777, E-mail Id : [email protected] [email protected] 10. Details of Review of NGRBCs by the Company:
-
(b) Mr. Arun Mammen (DIN : 00018558), Vice Chairman and Managing Director, Tel. No.: +91 44 28292777,E-mail Id : [email protected] [email protected]
-
a) Mr. K M Mammen- (DIN : 00020202), Chairman and Managing Director, Tel. No.: +91 44 28292777, E-mail Id : [email protected]. [email protected]. . (b) Mr. Arun Mammen (DIN : 00018558), Vice Chairman and Managing Director, Tel. No.: +91 44 28292777, E-mail Id : [email protected] [email protected]
| **10. Details of Review of ** | NGRBCs by the Company: | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Subject for Review | Indicate whether Committee of |
review was undertaken by Director / the Board/ Any other Committee |
Frequency (Annually/ Half - yearly/ Quarterly/ – please specify) |
Any other | |||||||||||||||||
| P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | ||||
| Performance against action |
above policies and follow up | Y | Y | Y | Y | Y | Y | Y | Y | Y | Q | Q | Q | Q | Q | Q | Q | Q | Q | ||
| Compliance with statutory requirements of | |||||||||||||||||||||
| relevance to the principles, and, rectification of any | Y | Y | Y | Y | Y | Y | Y | Y | Y | Q | Q | Q | Q | Q | Q | Q | Q | Q | |||
| non-compliances | |||||||||||||||||||||
| 11.Has the entity |
carried out independent |
||||||||||||||||||||
| assessment/ evaluation of the working of its | Yes. | MRF has carried out an independent | assessment/ evaluation of their policies which are aligned with ISO | ||||||||||||||||||
| policies by an external agency? (Yes/No). If yes, | 45001, ISO 14001, ISO | 9001, | IATF 16949, AS9100D by TUV – Nord and | BVQI | |||||||||||||||||
| **provide the name of ** | **the agency. ** |
12. If answer to question (1) above is “No” i.e. not all Principles are covered by a policy, reasons to be stated:
| Questions | P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 |
|---|---|---|---|---|---|---|---|---|---|
| The entity doesnot considerthePrinciplesmaterialtoits business (Yes/No) | Not Applicable | ||||||||
| The entity is not at a stage where it is in a position to formulate and implement the policies on specified principles (Yes/No) |
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| The entity does not have the financial or/human and technical resources available for the task (Yes/No) |
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| It is planned to be done in the next financial year (Yes/No) | |||||||||
| Any other reason (please specify) |
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Section C – Principle Wise Performance Disclosure:
Principle 1 – Businesses should conduct and govern themselves with integrity and in a manner that is ethical, transparent and accountable
Essential Indicators
1. Percentage coverage by training and awareness programmes on any of the principles during the financial year:
| Segment | Total number of training and awareness programmes held |
Topics/principles covered under the training and its impact | % of persons in respective category covered by the awareness programmes |
|---|---|---|---|
| Board of directors | 3 | Trainingand awarenessprogram on Sustainability | 100% |
| Key managerial personnel* | 3 | Training and awareness program on Sustainability | 100% |
| Employees other than Board of Directors and KMPs** |
121 | Code of conduct, workplace ethics, Sustainability and climate change, Leadership training, environmental Training, Safety Training, Skill upgradation Training |
100% |
| Workers** | 108 | Safety Training, Quality Training, Process Training, Behavioural Training and Upskilling |
34% |
- Excludes Managing Directors / Whole-time Directors.
**Note: The above figures represent Permanent Employees and Permanent Workers.
2.Details of fines / penalties /punishment/ award/ compounding fees/ settlement amount paid in proceedings (by the entity or by directors / KMPs) with regulators/ law enforcement agencies/ judicial institutions, in the financial year, in the following format (Note: the entity shall make disclosures on the basis of materiality as specified in Regulation 30 of SEBI (Listing Obligations and Disclosure Obligations) Regulations, 2015 and as disclosed on the entity’s website ):
| Monetary | Monetary | ||||
|---|---|---|---|---|---|
| NGRBC Principle |
Name of the regulatory/ enforcement agency/ judicial institutions |
Amount (In INR) |
Brief of the Case | Has an appeal been preferred? (Yes/No) |
|
| Penalty/Fine | Nil | Nil | Nil | Nil | Nil |
| Settlement | Nil | Nil | Nil | Nil | Nil |
| Compoundingfee | Nil | Nil | Nil | Nil | Nil |
| Non-Monetary | |||||
| NGRBC Principle | Name of the regulatory/ enforcement agency/ judicial institutions | Brief of the Case | Has an appeal been preferred? (Yes/No) |
||
| Imprisonment | Nil | Nil | Nil | Nil | |
| Punishment | Nil | Nil | Nil | Nil |
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3. Of the instances disclosed in Question 2 above, details of the Appeal/ Revision are preferred in cases where monetary or non-monetary action has been appealed. Not applicable
| .Of the instances disclosed in Question 2 above, details of the Appe appealed. Not applicable |
al/ Revision are preferred in cases where monetary or non-monetary action has been |
|---|---|
| Case Details | Name of the regulatory/ enforcement agency/ judicial institutions |
| Nil | Nil |
4. Does the entity have an anti-corruption or anti-bribery policy? If yes, provide details in brief and if available, provide a web link to the policy.
Yes. The “MRF Principles of Sustainability and Responsible Business Conduct” declares the Company’s commitment to conduct its business in all respects, according to ethical, professional and legal standards, which prevail in the industrial sector in which the Company conducts its normal business. Further it mandates every employee of the Company to ensure that the interests of the Company are not adversely impacted on account of their personal interests/dealings and avoid engaging in illegal practices. Please refer the MRF Principles of Sustainability and Responsible Business Conduct” which is available on our website in the following link:
-
- https://www.mrftyres.com/downloads/Business Responsibility Policy.pdf
5. Number of Directors/KMPs/employees/workers against whom disciplinary action was taken by any law enforcement agency for the charges of bribery/ corruption.
| FY 2024-25 | FY 2023-24 | |
|---|---|---|
| Directors | Nil | Nil |
| KMPs | Nil | Nil |
| Employees | Nil | Nil |
| Workers | Nil | Nil |
6. Details of complaints with regard to conflict of interest:
| FY 2024-25 | FY 2024-25 | FY 2023-24 | FY 2023-24 | |
|---|---|---|---|---|
| Number | Remarks | Number | Remarks | |
| Number of complaints received in relation to issues of Conflict of Interest of the Directors | Nil | Nil | Nil | Nil |
| Number of complaints received in relation to issues of Conflict of Interest of the KMPs | Nil | Nil | Nil | Nil |
7. Provide details of any corrective action taken or underway on issues related to fines/penalties/action taken by regulators/ law enforcement agencies/ judicial institutions, on cases of corruption and conflicts of interest: Not applicable.
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8. Number of days of accounts payables ((Accounts payable *365) / Cost of goods/services procured) in the following format:
| FY 2024-25 | FY 2023-24 | |
|---|---|---|
| Number of days of accounts payables | 64 | 71 |
9. Open-ness of business
Provide details of concentration of purchases and sales with trading houses, dealers and related parties along-with loans and advances and investments, with related parties in the following format:
| Parameter | Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Concentration of Purchases |
a. Purchases from trading houses as % of total purchases | 18.04%* | 19.41% |
| b. Number of trading houses where purchases are made from | 387* | 11 | |
| c. Purchases from top 10 trading houses as % of total purchases from trading houses | 93.58%* | 99.97% | |
| Concentration of Sales |
a. Sales to dealers / distributors as % of total sales | 75.34% | 77.97% |
| b. Number of dealers / distributors to whom sales are made | 6335 | 6182 | |
| c. Sales to top 10 dealers / distributors as % of total sales to dealers / distributors | 5.46% | 4.99% | |
| Share of RPTs in | a. Purchases (Purchases with related parties / Total Purchases) | 14.42% | 16.20% |
| b. Sales (Sales to related parties / Total Sales) | 0.01% | 0.01% | |
| c. Loans and advances (Loans and advances given to related parties / Total loans and advances) |
- | - | |
| d. Investments (Investments in related parties / Total Investments made) | - | - |
note: * For FY 24-25, disclosure is reported based on “Industry standards on reporting of BRSR Core” Guidance.
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Principle 2 – Businesses should provide goods and services in a manner that is sustainable and safe.
Essential Indicators
1. Percentage of R&D and capital expenditure (capex) investments in specific technologies to improve the environmental and social impacts of product and processes to total R&D and capex investments made by the entity, respectively.
| FY 2024-25 | FY 2023-24 | Details of improvements in environmental and social impacts | |
|---|---|---|---|
| R&D | 14.40% | 27.92% | The expenditure is for R&D related to product improvements in emission reduction and carbon footprint. |
| Capex | 1.74% | 3.97% | Conservation of water, energy, reduction of emission and carbon footprint, wastewater recycling and reusing across plants. |
2. a. Does the entity have procedures in place for sustainable sourcing? (Yes/No):
Yes. MRF promotes sustainable sourcing and continually works with suppliers to promote the sustainability aspects of supplier operations and its value chain. To support sustainable sourcing, we encourage our suppliers and vendors to adopt suitable practices in their operations. Majority of our raw materials are naturally sourced and we further expect our suppliers to adhere to our Supplier Code of Conduct. Refer link to MRF’s Supplier Code of Conduct https://www.mrftyres.com/downloads/MRF-supplier-code-of-conduct-06.02.2025.pdf
b. If yes, what percentage of inputs were sourced sustainably?
51% (by value procured) for the financial year 2024-25. These are emanating out of total raw material purchases from vendors who have ISO 14001 certification.
3. Describe the processes in place to safely reclaim your products for reusing, recycling, and disposing at the end of life, for
-
(a) Plastics (including packaging) – Plastic scrap is sold to authorised vendors approved by Pollution Control Board.
-
(b) E-waste - All e-waste is sold to the authorised agencies approved by Pollution Control Board
-
(c) Hazardous waste – Hazardous waste is sold to the authorised agencies approved by Pollution Control Board
-
(d) Other wastes – Other wastes are sold to the approved vendors
-
(e) EPR Obligation- In the reporting period, the Company has fulfilled its obligations under EPR regulations.
4. Whether Extended Producer Responsibility (EPR) is applicable to the entity’s activities (Yes / No). If yes, whether the waste collection plan is in line with the EPR plan submitted to Pollution Control Boards?
Yes. Extended Producer Responsibility (EPR) is applicable to MRF for “End of Life Tyre”(ELT) and Plastic (as Importer and Brand owner) and we are buying EPR credits from the registered recyclers as per the regulation. For EPR Tyre and Plastic, yearly targets obligation set by CPCB is met by procuring credit certificate from the authorised recyclers and annual returns are filed in the CPCB Portal for the compliance.
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Principle 3: Businesses should respect and promote the well-being of all employees, including those in their value chains.
Essential Indicators
1. a. Details of measures for the well-being of employees.
| Category | % of employees covered by | ||||||||||
| **Total ** | Health insurance | Accident insurance | Maternity benefits | Paternity benefits | Day care facilities | ||||||
| (A) | Number (B) | % (B / A) | Number (C) |
% (C / A) | Number (D) |
% (D/A) | Number (E) | % (E / A) |
Number (F) |
% (F / A) | |
| Permanent employees | |||||||||||
| Male | 6723 | 6723 | 100% | 6723 | 100% | NA | NA | NA | - | NA | - |
| Female | 52 | 52 | 100% | 52 | 100% | 52 | 100% | NA | - | NA | - |
| Total | 6775 | 6775 | 100% | 6775 | 100% | 52 | 0.77% | NA | - | NA | - |
| Other than Permanent employees | |||||||||||
| Male | 124 | 120 | 97% | 120 | 97% | NA | - | NA | - | NA | - |
| Female | - | - | - | - | - | NA | - | NA | - | NA | - |
| Total | 124 | 120 | 97% | 120 | 97% | NA | - | NA | - | NA | - |
Note: All Employees are covered under well-being measures as per applicable legal requirements.
b. Details of measures for the well-being of workers:
| Category | % of workers covered by | % of workers covered by | % of workers covered by | % of workers covered by | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total (A) |
Health insurance | Accident insurance | Maternity | benefits | Paternity | benefits | Day care facilities | ||||
| Number (B) | % (B / A) | Number (C) | % (C / A) | Number (D) |
% (D / A) |
Number (E) |
% (E / A) | Number (F) |
% (F / A) |
||
| Permanent workers | |||||||||||
| Male | 11075 | 11075 | 100% | 11075 | 100% | NA | - | NA | - | NA | - |
| Female | - | - | - | - | - | - | - | NA | - | NA | - |
| Total | 11075 | 11075 | 100% | 11075 | 100% | NA | - | NA | - | NA | - |
| Other than Permanent workers | |||||||||||
| Male | 14753 | 14753 | 100% | 14753 | 100% | NA | - | NA | - | NA | - |
| Female | 389 | 389 | 100% | 389 | 100% | 389 | 100% | NA | - | NA | - |
| Total | 15142 | 15142 | 100% | 15142 | 100% | NA | - | NA | - | NA | - |
Note: All workers are covered under well-being measures as per applicable legal requirements.
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| c.Spending on measures towards well-being of employees and workers (including permanent and other than permanent) inthe following format | c.Spending on measures towards well-being of employees and workers (including permanent and other than permanent) inthe following format | c.Spending on measures towards well-being of employees and workers (including permanent and other than permanent) inthe following format | c.Spending on measures towards well-being of employees and workers (including permanent and other than permanent) inthe following format |
|---|---|---|---|
| FY 2024-25 | FY 2023-24 | ||
| Cost incurred on well-being measures as a % of total revenue of the company | 0.65% | 0.75 % |
Note: the above value represents both statutory and non- statutory measures aimed for well -being of employees
2. Details of retirement benefits.
| Benefits | FY 2024-25 | FY 2023-24 | ||||
|---|---|---|---|---|---|---|
| No. of employees covered as a % of total employees |
No. of workers covered as a % of total workers |
Deducted and deposited with the authority (Y/N/N.A.) |
No. of employees covered as a % of total employees |
No. of workers covered as a % of total workers |
Deducted and deposited with the authority (Y/N/N.A.) |
|
| PF | 100% | 100% | Y | 100% | 100% | Y |
| Gratuity | 100% | 100% | Y | 100% | 100% | Y |
| ESI | 100% | 100% | Y | 100% | 100% | Y |
| Others – please specify | - | - | - | - | - | - |
Note: The above figures represent only to permanent employees and permanent workers based on the applicability.
3. Accessibility of workplaces
Are the premises / offices of the entity accessible to differently abled employees and workers, as per the requirements of the Rights of Persons with Disabilities Act, 2016? If not, whether any steps are being taken by the entity in this regard.
Yes, MRF’s offices are accessible to differently abled employees and workers. Further, initiatives to improve accessibility across our plants and offices are being assessed.
4. Does the entity have an equal opportunity policy as per the Rights of Persons with Disabilities Act, 2016? If so, provide a web link to the policy.
Yes, MRF is an equal opportunity employer. Aspects of equal opportunity and rights of persons with disabilities have been included in our HR policies and further emphasised in our MRF Principles of Sustainability and Responsible Business Conduct.
-
- https://www.mrftyres.com/downloads/Business Responsibility Policy.pdf
5. Return to work and Retention rates of permanent employees and workers that took parental leave.
| Gender | Permanent employees | Permanent employees | *Permanent workers ** | *Permanent workers ** |
|---|---|---|---|---|
| Returnto work rate | Retention rate | Returnto work rate | Retention rate | |
| Male | NA | NA | NA | NA |
| Female | 100% | NA# | NA | NA |
| Total | 100% | NA | NA | NA |
-
[# ] Note: One female employee has availed maternity leave during the financial year 2024-25.
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There are no permanent women workers
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6. Is there a mechanism available to receive and redress grievances for the following categories of employees and workers? If yes, give details of the
mechanism in brief. (Yes/No): (If yes, then give details of the mechanism in brief)
| mechanism inbrief.(Yes/No): (If | yes, thengive details of the mechanism in brief) |
|---|---|
| (Ifyes, then give details of the mechanism inbrief) | |
| Permanent workers | Yes. Grievances of workmen are submitted either to the reporting supervisory authority or through recognised unions or as per the procedure set out in the Standing Orders. Additionally, grievances can be submitted to their reporting supervisory authority or head of Human Resources function. For the rest of the stakeholders including employees, the Grievance redressal mechanism and the Whistle Blower Policy / Vigil Mechanism is in place. Refer web links below- Web link:https://www.mrftyres.com/downloads/mrf-mechanism-for-grievance-redressal.pdf Web link to Whistle-blower Policy: https://www.mrftyres.com/downloads/Vigil-Mechanism.pdf |
| Other than permanent workers | |
| Permanent employees | |
| Other than permanent employees |
7. Membership of employees and workers in association(s) or Unions recognized by the listed entity:
| Category | FY 2024-25 | FY 2023-24 | ||||
|---|---|---|---|---|---|---|
| Total employees / workers in respective category (A) |
No. of employees/workers in the respective category, who are part of the association(s) or Union (B) |
% (B/A) |
Total employees/workers in the respective category (C) |
No. of employees/workers in the respective category, who are part of the association(s) or Union (D) |
% (D/C) | |
| Total Permanent Employees | ||||||
| Male | 6723 | 0 | 0% | 6697 | 0 | 0% |
| Female | 52 | 0 | 0% | 43 | 0 | 0% |
| Total Permanent Workers | ||||||
| Male | 11075 | 9665 | 87% | 12469 | 9974 | 80% |
| Female | 0 | 0 | 0% | 0 | 0 | 0% |
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8. Details of training given to employees and workers:
| Category | FY 2024-25 | FY 2024-25 | FY 2023-24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Total (A) | On health and safety measures |
On skill upgradation | Total | On health and | safety measures | On skill upgradation | ||||
| No.(B) | %(B / A) | No.(C) | %(C / A) | (D) | No.(E) | %(E / D) | No.(F) | %(F / D) | ||
| Employees | ||||||||||
| Male | 6723 | 2880 | 43% | 4827 | 72% | 6697 | 897 | 13% | 3127 | 47% |
| Female | 52 | 8 | 15% | 30 | 58% | 43 | 5 | 12% | 18 | 42% |
| Total | 6775 | 2888 | 43% | 4857 | 72% | 6740 | 902 | 13% | 3145 | 47% |
| Workers | ||||||||||
| Male | 11075 | 1618 | 15% | 2172 | 20% | 12469 | 1221 | 10% | 3848 | 31% |
| Female | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 |
| Total | 11075 | 1618 | 15% | 2172 | 20% | 12469 | 1221 | 10% | 3848 | 31% |
Note: The above figures represent Permanent Employees and Permanent Workers.
9. Details of performance and career development reviews of employees and workers:
| Category | FY 2024-25 | FY 2024-25 | FY 2023-24 | |||
|---|---|---|---|---|---|---|
| Total (A) | No.(B) | % (B/ A) | Total (D) | No.(E) | % (E / D) | |
| Employees | ||||||
| Male | 6723 | 6723 | 100% | 6697 | 6697 | 100.00% |
| Female | 52 | 52 | 100% | 43 | 43 | 100.00% |
| Other | 0 | 0 | - | 0 | 0 | 0.00% |
| Total | 6775 | 6775 | 100% | 6740 | 6740 | 100.00% |
| Workers | ||||||
| Male | 11075 | 11075 | 100% | 12469 | 12469 | 100.00% |
| Female | 0 | 0 | 0% | 0 | 0 | 0.00% |
| Other | 0 | 0 | 0% | 0 | 0 | 0.00% |
| Total | 11075 | 11075 | 100% | 12469 | 12469 | 100.00% |
Note 1: Workers are covered by Long Term Settlements between the Workers Union (on behalf of the workmen) and the Company which are renewed at a fixed periodicity. The remuneration terms are revised at the time of renewal and as such there is no annual performance appraisal process. However, workmen are considered for promotion to supervisor/staff category on a need basis based on their performance.
Note 2: The employees for the year 2024-25 will be considered for performance and career development review during July 2025.
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10. Health and safety management system:
a. Whether an occupational health and safety management system has been implemented by the entity? (Yes/ No). If yes, what is the coverage of such a system?
Yes, an Occupational Health and Safety Management system has been implemented in all our manufacturing facilities.
b. What are the processes used to identify work-related hazards and assess risks on a routine and non-routine basis by the entity?
- Hazard Identification and Risk Assessment (HIRA) is used to identify all the hazards, assess risks based on the probability and severity and take controls based on the hierarchy of risk control.
c. Whether you have processes for workers to report the work-related hazards and to remove themselves from such risks.
-
Yes, the following processes are available for the workers to report work-related hazards:
-
Workers report work-related hazards in the Safety Committee Meeting.
-
Hazards in the shop floor are communicated by the workers to the Supervisors for further action.
-
Safety Audits by Area In-charges are also a platform for workers to report work-related hazards.
d. Do the employees/ workers of the entity have access to non-occupational medical and healthcare services?
Yes, all our Occupational Health centres extend services for non-occupational related medical and health care services.
11. Details of safety related incidents, in the following format:
| Details of safety related incidents, inthe following format: | |||
|---|---|---|---|
| Safety incident/number | Category | FY 2024-25 | FY 2023-24 |
| Lost Time Injury Frequency Rate (LTIFR) (per one-million-person hour worked) | Employees | 0.11 | 0.02 |
| Workers | 0.46 | 0.70 | |
| Total recordable work-related injuries | Employees | 7 | 4 |
| Workers | 54 | 84 | |
| No. of fatalities | Employees | 0 | 0 |
| Workers | 0 | 0 | |
| High consequence work-related injury or ill-health (excluding fatalities) | Employees | 0 | 0 |
| Workers | 0 | 0 |
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12. Describe the measures taken by the entity to ensure a safe and healthy workplace.
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CCTV is effectively utilized across all facilities to identify unsafe acts and enabling timely behavioural interventions to strengthen the safety practices.
-
The Procedure for Hazard Identification & Risk Assessment (HIRA) and Aspect Impact Assessment (AIA) has been revised with new inputs and officially published for implementation across all facilities. To ensure effective execution, education and training have been provided to relevant stakeholders in all the facilities.
-
6 of our MRF facilities were honoured with CII EHS Excellence Awards on May 15, 2024, for their performance in 2023. Additionally, one of these facilities received an award in the "Others" category for "Safe Employees, Safe Homes & Safe Communities." Furthermore, on January 6, 2025, two of our facilities were recognized as winners in the CII Southern Region Water and Waste Management Competition under the categories of "Rainwater Harvesting and Groundwater Recharge" and "Best Water Conservation and Efficiency Initiative."
13. Number of complaints on the following made by employees and workers
| FY 2024-25 | FY 2023-24 | |||||
|---|---|---|---|---|---|---|
| Filed during the year | Pending resolution at the end of year | Remarks | Filed during the year |
Pending resolution at the end of year | Remarks | |
| Working conditions |
0 | 0 | - | 0 | 0 | - |
| Health and safety | 0 | 0 | - | 0 | 0 | - |
14. Assessments for the year
**% of your plants and offices that were assessed (by entity or statutory authorities or third parties) ***
| Assessments for theyear | |
|---|---|
| **% of your plants and offices that were assessed (by entity or statutory authorities or third parties) *** | |
| Health and safety practices | 100% |
| Working conditions | 100% |
*Note: All sites were assessed by the MRF Limited’s Internal teams on a periodic basis. Additionally, our 10 manufacturing plants have been assessed by third party certification agencies.
15. Provide details of any corrective action taken or underway to address safety-related incidents (if any) and on significant risks/concerns arising from assessments of health and safety practices and working conditions.
MRF Trichy Plant has installed a conveyor for material transfer in Banbury process. The provision of this conveyor has significantly reduced the movement of forklifts, Hydraulic pallet trollies and material lifts, thus reducing the safety risk.
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Principle 4: Businesses should respect the interests of and be responsive to all its stakeholders.
Essential Indicators
1. Describe the processes for identifying key stakeholder groups of the entity.
Any individual or group of individuals or institutions that adds value to the business chain of the corporation or is materially affected by entity’s decision is identified as a core stakeholder. At present, the given stakeholder groups identified have immediate impact on the operations and working of the company. MRF has recognized both, internal stakeholder (which includes employees and leadership), and external stakeholder (which includes regulators, investors, suppliers, customers and community).
At MRF, we recognize stakeholder engagement as an integral part of our operations. We strive to create long-term sustainable value for all our stakeholders including employees, customers, investors, suppliers and communities. In order to do so, we regularly engage and collaborate with our stakeholders to develop an understanding of their needs and expectations.
2.List stakeholder groups identified as key for your entity and the frequency of engagement with each stakeholder group.
| Stakeholder group | Whether identified as vulnerable and marginalised group (Yes/No) |
Channels of communication (Email, SMS, Newspaper, Pamphlets, Advertisement, Community meetings, Notice board, Website), **Other ** |
Frequency of engagement (Annually/ half-yearly/ quarterly / others – please specify) |
Purpose and scope of engagement including key topics and concerns raised during such engagement |
|---|---|---|---|---|
| Employees | No | ▪ Intranet Portal ▪ Functional and cross-functional committees ▪ Leader’s talk ▪ Regular Employee Communication Forums ▪ Notice Board |
On a regular basis | • Employee benefits • Equal opportunities • Recognition • Learning and development • Safety and well-being • Performance review and career development • Business update • Visionofthe organisation |
| Customers | No | ▪ Customer Service Support ▪ Customer Satisfaction Survey |
On a regular basis | • Customer feedback • Resolution of their queries • Advertising |
| Suppliers and Vendors | No | ▪ Supplier and Vendor meets ▪ Face-to-face and electronic correspondence ▪ Supplier Audits |
Half yearly | • Resolving queries • Assessing performance • Recognition and engagement activities •Undertaking discussiononSustainabilityParameters |
| Investors / Shareholders |
No | Newspaper advertisement, website, Annual General Meetings, disclosures to stock exchanges |
Quarterly/ Annual / Event Based |
To update them about important developments in the Company |
| Email, Paper correspondence, Physical meetings, telephone |
Need based | Address their grievances | ||
| Community | Yes | ▪ Community consultations ▪ Community events ▪ Government Authorities |
Periodic | • Community development |
| Regulatory and government bodies |
No | ▪ Making representations whenever needed ▪ Formal dialogues ▪ Throughtrade associations |
On a need basis | • Policy Advocacy • Deliberations and inputs on regulations and policies that have bearing on our operations and businesses |
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Principle 5: Businesses should respect and promote human rights.
Essential Indicators
1. Employees and workers who have been provided training on human rights issues and policy(ies) of the entity, in the following format:
| Category | FY 2024-25 | FY 2024-25 | FY 2023-24 | |||
|---|---|---|---|---|---|---|
| Total (A) | No. of employees / workers covered (B) |
% (B / A) | Total (C) | No. of employees / workers covered (D) |
% (D / C) | |
| Employees | ||||||
| Permanent | 6775 | 6775 | 100% | 6740 | 793 | 12% |
| Other thanpermanent | 124 | 0 | 0% | 151 | 0 | 0% |
| Total employees | 6899 | 6775 | 98.20% | 6891 | 793 | 12% |
| Workers | ||||||
| Permanent | 11075 | 1494 | 13.49% | 12469 | 2148 | 17% |
| Other than permanent | 15142 | 0 | 0% | 14006 | 0 | 0% |
| Total workers | 26217 | 1494 | 5.70% | 26475 | 2148 | 8% |
2. Details of minimum wages paid to employees and workers
| Category | FY 2024-25 | FY 2024-25 | FY 2024-25 | FY 2024-25 | FY 2023-24 | FY 2023-24 | More than minimum wage No. (F) % (F / D) 6740 100% 6697 100% 43 100% 151 100% 150 100% 1 100% 12469 100% 12469 100% 0 0% 14006 100% 13663 100% 343 100% |
||
|---|---|---|---|---|---|---|---|---|---|
| Total (A) | Equal to minimum wage | More than minimum wage | Total (D) | Equal to minimum wage | |||||
| No. (B) | % (B / A) | No. (C) | % (C / A) | No. (E) | % (E / D) | No. (F) | |||
| Employees | |||||||||
| Permanent | 6775 | 0 | 0% | 6775 | 100% | 6740 | 0 | 0% | 6740 |
| Male | 6723 | 0 | 0% | 6723 | 100% | 6697 | 0 | 0% | 6697 |
| Female | 52 | 0 | 0% | 52 | 100% | 43 | 0 | 0% | 43 |
| Other thanpermanent | 124 | 0 | 0% | 124 | 100% | 151 | 0 | 0% | 151 |
| Male | 124 | 0 | 0% | 124 | 100% | 150 | 0 | 0% | 150 |
| Female | 0 | 0 | 0% | 0 | - | 1 | 0 | 0% | 1 |
| Workers | |||||||||
| Permanent | 11075 | 0 | 0% | 11075 | 100% | 12469 | 0 | 0% | 12469 |
| Male | 11075 | 0 | 0% | 11075 | 100% | 12469 | 0 | 0% | 12469 |
| Female | 0 | 0 | 0% | 0 | 0 | 0 | 0 | 0% | 0 |
| Other thanpermanent | 15142 | 0 | 0% | 15142 | 100% | 14006 | 0 | 0% | 14006 |
| Male | 14753 | 0 | 0% | 14753 | 100% | 13663 | 0 | 0% | 13663 |
| Female | 389 | 0 | 0% | 389 | 100% | 343 | 0 | 0% | 343 |
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3.Details of remuneration/salary/wages
a. Median remuneration / wages:
| **Median remuneration / wages: ** | ||||
|---|---|---|---|---|
| Male | Female | |||
| Number | Median remuneration/ salary/ wages of respective category |
Number | Median remuneration/ salary/ wages of respective category |
|
| Board of Directors (BoD) Non- Executive |
6 | The non-executive board members receive only sitting fees for attending meetings of the board/ committee. Hence, computation of median remuneration is not relevant (In rupees / annuam) |
3 | The non-executive board members receive only sitting fees for attending meetings of the board/ committee. Hence, computation of median remuneration is not relevant (In rupees / annuam) |
| Board of Directors (BoD)Executive | 5 | 23,77,14,387 | 0 | - |
| Key managerial personnel | 2 | 2,12,32,004 | 0 | - |
| Employees otherthan BoDandKMP | 6716 | 7,26,080 | 52 | 10,53,410 |
| Workers | 11075 | 7,50,629 | 0 | 0 |
b. Gross wages paid to females as % of total wages paid by the entity, in the following format:
| FY 2024-25 | FY 2023-24 | |
|---|---|---|
| Gross wagespaid to females as % of total wages | 0.73% | 0.66% |
4. Do you have a focal point (individual/ committee) responsible for addressing human rights impacts or issues caused or contributed to by the business? (Yes/No) Yes, Head of Human Resource is the designated focal point for addressing human rights impacts or issues.
5. Describe the internal mechanisms in place to redress grievances related to human rights issues.
The Mechanism for Grievance redressal contains provision that provides guidance to report human rights related issues that could be reported by our employees, workers, senior management and other stakeholders. Further we have internal committee to address any issues related to sexual harassment. Web link : https://www.mrftyres.com/downloads/mrf-mechanism-for-grievance-redressal.pdf
6. Number of complaints on the following made by employees and workers:
| FY 2024-25 | FY 2023-24 | |||||
|---|---|---|---|---|---|---|
| Filed during the **year ** |
Pending resolution **at the end of year ** |
Remarks | Filed During the **year ** |
Pending resolution **at the end of year ** |
Remarks | |
| Sexual harassment | 1 | 0 | - | Nil | - | - |
| Discrimination at workplace | Nil | Nil | - | Nil | - | - |
| Childlabour | Nil | Nil | - | Nil | - | - |
| Forced labour/Involuntarylabour | Nil | Nil | - | Nil | - | - |
| Wages | Nil | Nil | - | Nil | - | - |
| Other human rights-related issues | Nil | Nil | - | Nil | - | - |
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7. Complaints filed under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, in the following format:
| FY 2024-25 | FY 2023-24 | |
|---|---|---|
| Total Complaints reported under Sexual Harassment on of Women at Workplace (Prevention, Prohibition and Redressal)Act,2013(POSH) |
1 | Nil |
| Complaints on POSH as a % of female employees / workers |
0.23% | Nil |
| Complaints on POSH upheld | 1 | Nil |
8. Mechanisms to prevent adverse consequences to the complainant in discrimination and harassment cases.
MRF strives to maintain a healthy, safe and productive work environment that is free from discrimination or any form of harassment for all internal and external stakeholders. A trained Internal Complaints Committee has been constituted for timely and impartial resolution for any complaints that may arise in this regard. Further, our Code of Conduct and the mechanism under the Prevention of Sexual Harassment Act ensures that any discrimination and harassments are avoided.
9. Do human rights requirements form part of your business agreements and contracts? (Yes/No)
Yes, aspects of human rights are covered as part of our agreements with vendors. All suppliers shall abide by the MRF’s supplier code of conduct. Weblink https://www.mrftyres.com/downloads/MRF-supplier-code-of-conduct-06.02.2025.pdf
10. Assessments of the year
| % of your plants and offices that were assessed (by the entity or statutory authorities or third parties) |
|
|---|---|
| Child labour | 100% |
| Forced/involuntarylabour | 100% |
| Sexual harassment | 100% |
| Discrimination at workplace | 100% |
| Wages | 100% |
| Others–please specify | - |
11. Provide details of any corrective actions taken or underway to address significant risks/concerns arising from the assessments at Question 10 above.
Nil
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Principle 6: Businesses should respect and make efforts to protect and restore the environment.
Essential Indicators
1. Details of total energy consumption (in Joules or multiples) and energy intensity
| . Details of total energy consumption (inJoules or multiples) and energy intensity | |||
|---|---|---|---|
| **Parameter ** | Unit | FY 2024-25 | FY 2023-24 |
| From renewable sources | |||
| Total electricityconsumption(A) | GJ | 928763 | 438163 |
| Total fuel consumption(B) | GJ | 64211 | - |
| Energyconsumption through other sources(C) | GJ | - | - |
| Total energy consumption (A+B+C) | GJ | 992974 | 438163 |
| From non-renewable sources | |||
| Total electricity consumption (D) | GJ | 2909120 | 3103577 |
| Total fuel consumption(E) | GJ | 5474860 | 5222799 |
| Energyconsumption through other sources(F) | GJ | 275315 | - |
| Total energy consumed from non-renewable sources (D+E+F) | GJ | 8659295 | 8326376 |
| Total energy consumed (A+B+C+D+E+F) | GJ | 9652269 | 8764539 |
| Energy intensity per rupee of turnover (Total energy consumption/ Revenue from operations) |
GJ/Cr. Rs | 348.90 | 355.22 |
| Energy intensity per rupee of turnover adjusted for Purchasing Power Parity (PPP) (Total energy consumed (GJ) / Revenue from operations adjusted for PPP# |
GJ/Cr.Rs. Of turnover adjusted for PPP |
7208.24 | 8127.39 |
| Energy intensity in terms of physical output | GJ/ Tones | 8.89 | 8.93 |
The PPP conversion factor: 20.66 is based on data published by IMF as per ISF Guidelines for the year 2025.
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.
Yes, independent assurance has been carried out by SGS India Private Limited The reporting boundary is limited to the 10 manufacturing plants and R&D centres.
2.Does the entity have any sites/facilities identified as designated consumers (DCs) under the performance, achieve, and trade (PAT) Scheme of the Government of India? (Y/N) If Yes, disclose whether targets set under the PAT scheme have been achieved. In case targets have not been achieved, provide the remedial action taken if any.
Not applicable.
Note: There are no sites/facilities that have been identified as Designated Consumers (DCs) under the Performance, Achieve and Trade (PAT) Scheme of the Government of India.
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3.Provide details of the following disclosures related to water, in the following format:
| Parameter | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Water withdrawal by source(in kilolitres) | ||
| (i)Surface water | 507970 | 555212 |
| (ii)Groundwater | 899436 | 891653 |
| (iii)Third-partywater | 1379002 | 1428533 |
| (iv)Seawater / desalinated water | 198832 | 51867 |
| (v)Others(includes water utilised from rainwater harvesting ponds) | 99128 | 131233 |
| Total volume of water withdrawal (in kilolitres) (i + ii+ iii+ iv+ v) | 3084368 | 3058498 |
| Total volume of water consumption(in kilolitres) | 3084368 | 3058498 |
| Water intensity per rupee of turnover: Kilo Litres/ Rs.Cr. (Total water consumed / Revenue from operations) |
111.49 | 123.96 |
| Water intensity per rupee of turnover adjusted for Purchasing Power Parity (PPP) (Total water consumption (KL) / Revenue from operations adjusted for PPP (KL/ Cr.Rs. Of turnover adjusted for PPP) |
2303.38 |
2836.12 |
| Water intensity interms of physical output | 2.84 | 3.12 |
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency. Yes, independent assurance has been carried out by SGS India Private Limited The reporting boundary is limited to the 10 manufacturing plants and R&D centres.
4. Provide the following details related to water discharged
| Provide the following details related to water discharged | ||
|---|---|---|
| FY 2024-25 | FY 2023-24 | |
| Waterdischarge by destinationandleveloftreatment (in kilolitres) | ||
| (i) To Surface water | ||
| No treatment | Nil | Nil |
| With treatment–please specify level of treatment | Nil | Nil |
| (ii)To Groundwater | ||
| No treatment | Nil | Nil |
| Withtreatment–please specifyleveloftreatment | Nil | Nil |
| (iii) To Seawater | ||
| No treatment | Nil | Nil |
| With treatment–please specify level of treatment | Nil | Nil |
| (iv) Sent to third-parties | ||
| No treatment | Nil | Nil |
| Withtreatment–please specifyleveloftreatment | Nil | Nil |
| (v) Others | ||
| No treatment | Nil | Nil |
| With treatment–please specify level of treatment | Nil | Nil |
| Total waterdischarged (in kilolitres) | Nil | Nil |
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency. Yes , independent assurance has been carried out by SGS India Private Limited The reporting boundary is limited to the 10 manufacturing plants and R&D centres.
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5. Has the entity implemented a mechanism for zero liquid discharge? If yes, provide details of its coverage and implementation.
All our Plants have Zero Liquid discharges mechanism.
6. Please provide details of air emissions (other than GHG emissions) by the entity:
| Parameter | Unit | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| NOx | mg/nm3 | 89.62 | 110.43 |
| SOx | mg/nm3 | 105.51 | 104.36 |
| Particulate matter (PM) | mg/nm3 | 40.04 | 41.34 |
| Persistent organic pollutants (POP) | mg/nm3 | NA | NA |
| Volatile organic compounds (VOC) | mg/m3 | BDL | BDL |
| Hazardous air pollutants (HAP) | mg/nm3 | BDL | BDL |
| Others–please specify | - | NA | NA |
Note: FY 23-24 data is restated with Stack emissions.
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency. No independent assurance has been carried out in the current reporting period.
Note: BDL-Below Detection Limit
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7. Provide details of greenhouse gas emissions (Scope 1 and Scope 2 emissions) and its intensity:
| Parameter | Unit | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Total Scope 1 emissions(Break-up of the GHG into CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, if available) |
Metric tonnes of CO2 equivalent | 594035 | 590847 |
| Total Scope 2 emissions (Break-up of the GHG into CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, if available) |
Metric tonnes of CO2 equivalent | 604767 | 612094 |
| Total Scope 1 and Scope 2 emission intensity per rupee of turnover (Total Scope 1 and Scope 2 GHG emissions / Revenue from operations) |
Metric tonnes of CO2 equivalent/ Cr. Rs | 43.33 | 48.75 |
| Total Scope 1 and Scope 2 emission intensity (MT CO2e) per rupee of turnover adjusted for Purchasing Power Parity PPP(Cr.Rs) (Total Scope 1 and Scope 2 GHG emissions / Revenue from operations adjusted for PPP) |
Metric tonnes of CO2 equivalent/ Cr.Rs. Of turnover adjusted for PPP |
895.26 | 1115.49 |
| Total Scope 1 and Scope 2 emission intensity in terms of physical output |
Metric tonnes of CO2 equivalent/ Tonnes | 1.10 | 1.23 |
In the current reporting period, Biogenic emissions accounts to 6421 MT of CO2 equivalent
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency. Yes, independent assurance has been carried out by SGS India Private Limited The reporting boundary is limited to the 10 manufacturing plants and R&D centres.
8. Does the entity have any project related to reducing greenhouse gas emission? If yes, then provide details.
Yes, following are the overview of current projects and initiatives in reducing greenhouse gas emission:
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All the Plants are adopting Specific power consumption and Specific Fuel consumption measures for the reduction of GHG emissions.
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Implementation of natural ventilation system has eliminated forced ventilation to minimize energy consumption.
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Usage of Gas based steam generation instead of fuel oil.
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Implemented Biomass blending with existing fuel in Boilers.
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Horizontal deployment of Nitrogen gas-based process in place of Hot water system.
Future Endeavours
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Purchase of Hybrid power for renewable energy usage.
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Waste heat energy utilization in HVAC system to reduce power consumption.
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Installation of additional waste water treatment plant.
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9. Provide details related to waste management by the entity, in the following format:
| rovide details related to waste management by the entity, in the following format: | ||
|---|---|---|
| Parameter | FY 2024-25 | FY 2023-24 |
| **Total wastegenerated(in metric tonnes) ** | ||
| Plastic waste(A) | 3120 | 3554 |
| E-waste(B) | 38 | 12 |
| Bio-medical waste(C) | 0.17 | 0.30 |
| Construction and demolition waste(D) | 0 | 0 |
| Batterywaste(E) | 177 | 107 |
| Radioactive waste(F) | 0 | 0 |
| Other Hazardous waste. Please specify, if any.(G) | 3766 | 2204 |
| Other Non-hazardous wastegenerated(H). | 44065 | 39950 |
| Total (A+B + C + D + E + F + G + H) | 51166 | 45827 |
| Waste intensity per rupee of turnover(Total wastegenerated / Revenue from operations) | 1.85 | 1.86 |
| Waste intensity (MT) per rupee of turnover adjusted for Purchasing Power Parity (PPP) Rs. Cr (Total wastegenerated / Revenue from operations adjusted for PPP)) |
38.2 | 42.5 |
| Waste intensity in terms ofphysical output | 0.05 | 0.05 |
| For each category of waste generated, total waste recovered through recycling, re-using or other recovery operations (in metric tonnes) | ||
| Category of waste | ||
| (i)Recycled | 32645 | 27946 |
| (ii)Re-used | 4505 | 3323 |
| (iii) Other recovery operations | 8998 | 10422 |
| Total | 46148 | 41691 |
| For each category of waste generated, total waste disposed of by nature of disposal method (in | metric tonnes) | |
| Categoryof waste | ||
| (i)Incineration | 23 | 69 |
| (ii)Landfilling | 4993 | 3324 |
| (iii) Other disposal operations | 0 | 0 |
| Total | 5016 | 3393 |
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency. Yes, independent assurance has been carried out by SGS India Private Limited. The reporting boundary is limited to the 10 manufacturing plants and R&D centres.
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10. Briefly describe the waste management practices adopted in your establishments. Describe the strategy adopted by your company to reduce the usage of hazardous and toxic chemicals in your products and processes and the practices adopted to manage such wastes.
Wastes are segregated, labelled and stored properly. Hazardous wastes are disposed to authorized agency as per the regulatory norms and remaining wastes are disposed to scrap vendors and EPR regulated recyclers.
- 11.If the entity has operations/offices in/around ecologically sensitive areas (such as national parks, wildlife sanctuaries, biosphere reserves, wetlands, biodiversity hotspots, forests, coastal regulation zones, etc.) where environmental approvals/clearances are required, please specify details in the following format:
| Sr. No. Location of operations/offices Type of operations Whether the conditions of environmental approval / clearance are being complied with? (Y/N) If no, the reasons thereof and corrective action taken, if any. 1 Tiruvottiyur, Chennai Warehouse and R&D facility Yes 12. Details of Environmental Impact Assessments of projects undertaken by the entity based on applicable laws, inthe current financial year: Name and brief details of project EIA Notification No. Date Whether conducted by independent external agency (Yes / No) Results communicated in public domain (yes/no) Relevant Web link Not applicable for the current Financial Year. |
Sr. No. | Sr. No. | Location of operations/offices | Location of operations/offices | Type of operations | Type of operations | Whether the conditions of environmental approval / clearance are being complied with? (Y/N) If no, the reasons thereof and corrective action taken, if any. |
Whether the conditions of environmental approval / clearance are being complied with? (Y/N) If no, the reasons thereof and corrective action taken, if any. |
|---|---|---|---|---|---|---|---|---|
| 1 | Tiruvottiyur, Chennai | Warehouse and R&D facility | Yes | |||||
| Name and brief details of project |
EIA Notification No. | Date | Whether conducted by independent external agency (Yes / No) |
Results communicated in public domain (yes/no) |
Relevant Web link | |||
| Not applicable for the current Financial Year. |
13. Is the entity compliant with the applicable environmental law/ regulations/ guidelines in India, such as the Water (prevention and control of pollution) Act, Air (prevention and control of pollution) Act, Environment Protection Act, and rules there under (Y/N). If not, provide details of all such non-compliances:
| Sr. No. | Specify the law / regulation / guidelines which was not complied with |
Provide details of the non- compliance |
Any fines / penalties / action taken by regulatory agencies such as pollution control boards or by courts |
Corrective action taken if any |
|---|---|---|---|---|
| All units are complying as per Air and water Act prescribed by respective jurisdictional Pollution Control Boards |
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responsible and transparent.
Essential Indicators
1. a. Number of affiliations with trade and industry chambers/ associations. MRF is affiliated to 10 industry chambers and associations.
b. List the top 10 trade and industry chambers/ associations (determined based on the total members of such a body) the entity is a member of/ affiliated to.
| S. No. | Name of the trade and industry chambers/ associations | Reach of trade and industry chambers/ associations (State/National) |
|---|---|---|
| 1 | AutomotiveTyreManufacturersAssociation | National |
| 2 | Confederation of Indian Industry | National |
| 3 | Federation of Indian Chambers of Commerce and Industry | National |
| 4 | Associated Chambers ofCommerce andIndustry of India | National |
| 5 | Society Of Indian Automobile Manufacturers | National |
| 6 | All India Rubber Industries Association | National |
| 7 | Motor vehicles & alliedindustries association | National |
| 8 | The Southern India Chamber Of Commerce & Industry | National |
| 9 | Federation Of Indian Export Organisation (Fieo) | National |
| 10 | ChemicalandAlliedExportPromotionCouncilof India | National |
2. Provide details of corrective action taken or underway on any issues related to anti-competitive conduct by the entity, based on adverse orders from regulatory authorities.
| Name of authority | Brief of the case | Corrective action taken |
|---|---|---|
| No case was filed by any stakeholder against MRF regarding unfair trade practices, irresponsible advertising and anti-competitive behaviour during the financial year. |
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Principle 8: Businesses should promote inclusive growth and equitable development.
Essential Indicators
| **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based ** | **on applicable laws, inthe current financial year. ** | **on applicable laws, inthe current financial year. ** | |
|---|---|---|---|---|---|---|
| Name and brief details of project |
SIA notification No. | Date of notification | Whether conducted by independent external agency (Yes/No) |
Results communicated in public domain (Yes/No) |
Relevant web link | |
| - | - | - | - | - | - |
| **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** | **1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, inthe current financial year. ** |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name and brief details of project |
SIA notification No. | Date of notification | Whether conducted by independent external agency (Yes/No) |
Results communicated in public domain (Yes/No) |
Relevant web link | |||||||
| - | - | - | - | - | - | |||||||
| 2. Provide information on the project(s) for which ongoing Rehabilitation and Resettlement (R&D) is being undertaken by your entity: S No. Name of project for which R&D is ongoing State District No. of project affected families (PAFs) % of PAFs covered by R&D Amounts paid to PAFs in the FY (In ₹) Not Applicable |
||||||||||||
| S No. | Name of project for which R&D is ongoing |
State | District | No. of project affected families (PAFs) |
% of PAFs covered by R&D |
Amounts paid to PAFs in the FY (In ₹) |
||||||
| Not Applicable |
3. Describe the mechanisms to receive and redress grievances of the community.
- Periodic meeting with the representatives of the community to understand the requirements and the support needed from our end. 2. Dedicated Email ID is available in the Grievance redressal policy (Refer link below)
Weblink - https://www.mrftyres.com/downloads/mrf-mechanism-for-grievance-redressal.pdf
4. Percentage of input material (inputs to total inputs by value) sourced from suppliers:
| FY 2024-25 | FY 2023-24 | |
|---|---|---|
| Directlysourced from MSMEs/ smallproducers | 5% | 7% |
| Directlyfrom within India | 76% | 71% |
- 5.Job creation in smaller towns – Disclose wages paid to persons employed (including employees or workers employed on a permanent or non-permanent / on contract basis) in the following locations, as % of total wage cost
| Location | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Rural | 8.87% | 8.76% |
| Semi-urban | 18.21% | 18.57% |
| Urban | 52.19% | 51.25% |
| Metropolitan | 20.72% | 21.42% |
(Place to be categorized as per RBI Classification System - rural / semi-urban / urban / metropolitan)
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Principle 9: Businesses should engage with and provide value to their consumers in a responsible manner.
Essential Indicators
1. Describe the mechanisms in place to receive and respond to consumer complaints and feedback.
Consumer complaints are addressed by the local sales offices by inspection of the tyre by an accredited trained person. Such complaints are normally disposed in about 3 days’ time. Customers also can contact MRF for queries at [email protected].
2. Turnover of products and/or services as a percentage of turnover from all products/services that carry information about:
| As a % to total turnover | |
|---|---|
| Environmental and social parameters relevant to the product | - |
| Safe and responsible usage | 100% |
| Recycling and/or safe disposal | - |
3. Number of consumer complaints in respect of the following:
| FY 2024-25 | FY 2024-25 | Remarks | FY 2023-24 | FY 2023-24 | Remarks | |
|---|---|---|---|---|---|---|
| Receive during the year | Pending resolution at end of year |
Received during the year | Pending resolution at end of year |
|||
| Data privacy | Nil | Nil | Nil | Nil | ||
| Advertising | Nil | Nil | Nil | Nil | ||
| Cyber-security | Nil | Nil | Nil | Nil | ||
| Delivery of essential services | Not applicable | Not applicable | - | |||
| Restrictive trade practices | Nil | Nil | Nil | Nil | ||
| Unfair trade practices | Nil | Nil | Nil | Nil | ||
| Other | - |
4. Details of instances of product recalls on account of safety issues.
| Number | Reasons for Recall | |
|---|---|---|
| Voluntary Recalls | 0 | N/A |
| Forced Recalls | 0 | N/A |
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5. Does the entity have a framework/policy on cyber security and risks related to data privacy? If available, provide a web link to the policy.
Yes. At MRF, Cyber Security associated practices, policies and framework have been established and are in practice. The privacy policy has been published on the - company’s website. Please refer to https://www.mrftyres.com/privacy policy.
MRF also conducts internal awareness programs on information and cyber security. As a result, all employees have received comprehensive training on cyber security and its associated risks.
6. Provide details of any corrective actions taken or underway on issues relating to advertising, and delivery of essential services; cyber security and data privacy of customers; re-occurrence of instances of product recalls; penalty/action taken by regulatory authorities on the safety of products/services. Not applicable
7. Provide the following information relating to data breaches:
| a. Number of instances of data breaches | 0 |
|---|---|
| b. Percentage of data breaches involving personally identifiable information of customers | 0 |
| c. Impact, if any, of the data breaches | NA |
Independent Assurance Statement to MRF Limited on its BRSR report for the FY 2024-25
The Board of Directors, MRF Limited, Greams Road, Chennai – 600 006
Nature of the Assurance
SGS India Private Limited (hereinafter referred to as ‘SGS India’) was engaged by MRF Limited (the ‘Company’ or ‘MRF’) to conduct an independent assurance of the Company’s Business Responsibility and Sustainability Reporting (BRSR) (the ‘Report’) pertaining to the reporting period of April 1, 2024, to March 31, 2025. SGS India has conducted a Reasonable level of Assurance for BRSR core parameters. This assurance engagement was conducted in accordance with “International Standard on Assurance Engagements (ISAE) 3000 (Revised) and ISAE 3410.
Reporting Framework
The Report has been prepared following the
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1) BRSR Core–Framework for assurance and ESG disclosures for value chain (SEBI vide Circular No.SEBI/HO/CFD/CFD- SEC-2/P/CIR/2023/122) dated July 12, 2023
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2) BRSR reporting guidelines (Annexure II) as per SEBI Circular No. SEBI/HO/CFD/CMD-2/P/CIR/2021/562 dated May 10, 2021, and incorporated Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and as amended from time to time.
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3) Greenhouse Gas Protocol standard
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4) Industry Standards on Reporting of BRSR Core (SEBI/HO/CFD/CFD-PoD-1/P/CIR/2024/177) dated December 20, 2024
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Intended Users of this Assurance Statement
This Assurance Statement is provided with the intention of informing all MRF Limited’s Stakeholders.
Responsibilities
The information in the report and its presentation are the responsibility of the management of the Company. SGS India has not been involved in the preparation of any of the material included in the report.
Our responsibility is to express an opinion on the text, data, and statements within the defined scope of assurance, aiming to inform the management of the Company, and in alignment with the agreed terms of reference. We do not accept or assume any responsibility beyond this specific scope. The Statement shall not be used for interpreting the overall performance of the Company, except for the aspects explicitly mentioned within the scope.
Assurance Standard
SGS has conducted an engagement in accordance with the International Standard on Assurance Engagement (ISAE) 3000(revised) and ISAE 3410 (Assurance Engagements other than Audits or Reviews of Historical Financial Information). Our evidence-gathering procedures were designed to obtain a ‘Reasonable’ level of assurance, which is a high level of assurance in accordance with ISAE 3000(revised) standard but is not absolute certainty. It involves obtaining sufficient appropriate evidence to support the conclusion that the information presented in the report is fairly stated and is free from material misstatements.
Statement of Independence and Competence
The SGS Group of companies is the world leader in inspection, testing and assurance, operating in more than 140 countries and providing services including management systems and service certification; quality, environmental, social and ethical auditing and training; environmental, social and sustainability report assurance. SGS affirm our independence from MRF Limited, being free from bias and conflicts of interest with the organization, its subsidiaries and stakeholders.
The assurance team was assembled based on their knowledge, experience and qualifications for this assignment, and comprised auditors registered with ISO 26000, ISO 20121, ISO 50001, SA8000, RBA, QMS, EMS, SMS, GPMS, CFP, WFP, GHG Verification and GHG Validation Lead Auditors and experience on the SRA Assurance.
Scope of Assurance
The assurance process involved assessing the quality, accuracy, and reliability of BRSR Indicators (KPIs) within the report for the period April 1, 2024, to March 31, 2025. The reporting scope and boundaries include 10 manufacturing Plants and R&D centers spread across different states in India.
Assurance Methodology
The assurance comprised a combination of desktop review, interaction with the key personnel engaged in the process of developing the report, on-site visits, and remote verification of data. Specifically, SGS India undertook the following activities:
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Assessment of the suitability of the applicable criteria in terms of its comprehensiveness, reliability, and accuracy.
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Interaction with key personnel responsible for collecting, consolidating, and calculating the BRSR core KPIs and assessing the internal control mechanisms in place to ensure data quality.
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Application of analytical procedures and verification of documents on a sample basis for the compilation and reporting of the KPIs.
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Assessing the aggregation process of data at the Head Office level.
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Critical review of the report regarding the plausibility and consistency of qualitative and quantitative information related to the KPIS.
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Limitations
The assurance scope excludes:
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Disclosures other than those mentioned in the assurance scope.
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Data review outside the operational sites as mentioned in the reporting boundary.
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Validation of any data and information other than those presented in “Findings and Conclusion.”
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The assurance engagement considers an uncertainty of ±5% based on the materiality threshold for Assumption/ estimation/measurement errors and omissions.
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The Company’s statements that describe the expression of opinion, belief, aspiration, expectation, aim to future intention provided by the Company, and assertions related to Intellectual Property Rights and other competitive issues.
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Strategy and other related linkages expressed in the Report.
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Mapping of the Report with reporting frameworks other than those mentioned in the Reporting Criteria above.
SGS India verified data on a sample basis; the responsibility for the authenticity of the data entirely lies with the Company. The assurance scope excluded forward-looking statements, product- or service-related information, external information sources and expert opinions. SGS India has not been involved in the evaluation or assessment of any financial data/performance of the company. Our opinion on financial indicators is based on the third-party audited financial reports of the Company. SGS India does not take any responsibility for the financial data reported in the audited financial reports of the Company.
Findings and Conclusions
Based on the procedures we have performed and the evidence we have obtained, we are satisfied that the information presented by the Company in its report, on the Core Indicators (as per Annexure A) is complete, accurate, reliable, has been fairly stated in all material respects, and is prepared in line with the BRSR requirements.
For and on behalf of SGS India Private Limited
Ashwini K. Mavinkurve, Abhijit Joshi
Head – ESG & Sustainability Services Lead Verifier – ESG & Sustainability Services
Pune, India 30.06.2025
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Annexure A
The list of BRSR Core Indicators that were verified within this assurance engagement is given below:
| S.No. | BRSR Core Attributes | BRSR Core Indicators |
|---|---|---|
| 1 | Greenhouse gas (GHG) footprint | • Total Scope 1 emission • Total Scope 2 emissions • GHGEmission Intensity (Scope1+2) |
| 2 | Water footprint | • Total water Extraction • Total water consumption • Water consumption intensity • Water Discharge by destinationandlevels of Treatment |
| 3 | Energy footprint | • Total energy consumed • % of energy consumed from renewable sources • Energyintensity |
| 4 | Embracing circularity | • Plastic waste • E-waste • Bio-Medical Waste • Construction and Demolition waste • Battery waste • Radioactive Waste • Other hazardous waste • Other non-hazardous waste • Total waste generated • Waste intensity • Total waste recovered through recycling, re-using or other recovery operations • Total waste disposed bynature ofdisposal method |
| 5 | Employee well-being and safety | • Spending on measures towards well-being of employees as a % of total revenue from operations of the Company • Details ofsafetyrelatedincidentsforemployees andworkers |
| 6 | Enabling gender diversity in business | • Gross wages paid to females as % of total wages paid • Complaints on POSH |
| 7 | Enabling inclusive development | • Input material sourced from MSMEs/ small producers as % of total purchases directly sourced from MSMEs/ small producers and directly from within India • Job creation insmallertowns- Wages paid to persons employedinsmallertowns as % oftotal wage cost |
| 8 | Fairness in engaging with customers and suppliers |
• Instances involving loss/breach of data of customers as a percentage of total data breaches or cyber security events • Numberofdays ofaccounts payable |
| 9 | Open-ness of business | • Concentration of purchases & sales done with trading houses, dealers, and related parties • Loans and advances &investmentswith related parties |
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