Dear Stakeholders,

I am pleased to share our first Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2022-23. The report aims to enable our stakeholders to know more about our sustainability performance.

Sustainability is ingrained in our purpose: 'to make sustainable living commonplace'. We are committed to sustainable growth by delivering products that meet the evolving needs of our consumers, while minimising their impact on the environment. We firmly believe that sustainability and profitability go hand-in-hand.

Our Compass strategy charts a clear pathway for us to embed sustainability into our multi-stakeholder model and achieve our vision of becoming a leader in sustainable business. To transform this vision into reality, we have set forth a series of multi-year, time-bound goals focused on vital areas, such as climate action, protecting and regenerating nature, waste-free world, positive nutrition, equity, diversity, and inclusion, raising living standards, and the future of work. These goals are anchored on three fundamental pillars: improve the health of the planet, improve people's health, confidence, and wellbeing, and contribute to a fairer, more socially inclusive world.

We have made significant progress against 'HUL Compass ESG Goals'. In our own manufacturing operations, we have reduced our CO₂ emissions by 97% (per tonne of production), water usage by 48% (cubic meter per tonne of production) and total waste generated from our factories by 55% (per tonne of production) in FY 2022-23 compared to 2008 baseline. Hindustan Unilever Foundation (HUF) along with its partners has created a cumulative and collective water potential of over 2.6 trillion litres. In Calendar Year 2021 and 2022, we have collected and processed more plastic packaging than we used as packaging materials for our products by maintaining industry-leading standards for balanced pan-India collection. We continue our food reformulation strategy to become a force for good and are committed to doubling the number of products sold that deliver positive nutrition by 2025.

In 2022, we formed an Environmental, Social, and Governance (ESG) Committee at the Board level comprising four Independent Directors and one Executive Director. The ESG Committee is responsible for overseeing and guiding our ESG strategy, performance and implementation. This includes monitoring and reporting on our progress towards 'HUL Compass ESG goals', as well as ensuring that our operations align with our purpose.

The Board acknowledges that sustainability is a perpetual voyage and is steadfast in its resolve to enhance our sustainability performance continuously. We will persist in striving to attain 'HUL Compass ESG Goals' by promoting innovation and collaboration throughout our value chain and spearheading progress towards a more sustainable future.