Intergrity and Ethics : Businesses should conduct and govern themselves with integrity, and in a manner that is ethical, transparent and accountable

Message from Our Leadership

"Each one of us at HUL are governed by our Code of Business Principles that upholds our fundamental value of business integrity across all our operations."

Dev Bajpai
Executive Director, Legal & Corporate Affairs and Company Secretary

PRINCIPLE 1 Highlights


Of Board of directors & Key Managerial personnel covered by the awareness programmes


Of employees (other than BoD & KMP) & workers covered by awareness programmes


Value chain partners covered by the awareness programmes


Material fines/penalties/ punishments as per Regulation 30 of SEBI LODR


Charges of bribery/corruption against our Directors/KMPs/ employees/ workers


Complaints concerning corruption and conflicts of interest against the Directors and KMPs
Essential Indicators

1. Percentage covered by training and awareness programmes on any of the principles during the financial year:

Segment Total number of training and awareness programs held Topics/principles covered under the training and its impact Percentage of persons in respective category covered by the awareness programmes
Board of Directors 6 'HUL Compass ESG Goals', National Guidelines on Responsible Business Conduct (NGRBC) principles, policy framework on human rights, building talent and capabilities, Customer Development, Consumer and Market Insights, Research & Development, Code of Business Principles (CoBP), and fundamental principles of responsible business. 100%
Key Managerial Personnel
Employees other than BoD and KMPs** 1* Introduction to ESG and Business Responsibility and Sustainability Report BRSR, Code of Business Principles, Human Rights, Anti-Bribery and Corruption, Data Privacy, Health and Safety and Skill Upgradation 89.5%
Workers** 1* 96.1%

Above table represents HUL's Board of Directors and Key Managerial Personnel.

* During the year, we had rolled out a comprehensive training module to drive awareness amongst our employees and workers on the topics mentioned above and that is represented in the table. In addition to this, there are various thematic training programs undertaken across the organisation during the year.

** Employees and workers include both permanent and other than permanent/contractual (including part time).

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)

During FY 2022-23, there were no material fines / penalties / punishments/ awards/ compounding fees/settlements as specified in Regulation 30 of SEBI (Listing Obligations and Disclosure Obligations) Regulations, 2015 imposed on the Company or its Directors/KMPs

3. Of the instances disclosed in Question 2 above, details of the Appeal/ Revision preferred in cases where monetary or non-monetary action has been appealed.

Not Applicable

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, we have a Policy on Anti-Bribery which can be referred on Our commitment to doing business with integrity requires consistently high standards. We have built a strong reputation for being an ethical, trustworthy company. We have a responsibility to protect that reputation by conducting our business with integrity as we interact with business partners, consumers, and public authorities. Dealings with public officials are particularly high risk, even appearance of illegal conduct could cause significant damage to our reputation. Accordingly, our zero-tolerance approach towards bribery and corruption applies to all our operations and prohibits any kind of bribery.

5. Number of Directors/KMPs/employees/workers against whom disciplinary action was taken by any law enforcement agency for the charges of bribery/ corruption:

During FY 2022-23, there were no charges of bribery/corruption against our Directors/KMPs/employees/workers.

Category FY 2022-23 FY 2021-22
Directors - -
KMPs - -
Employees - -
Workers - -

6. Details of complaints with regard to conflict of interest:

During FY 2022-23, there were no complaints concerning conflicts of interest against the Directors and KMPs.

Category FY 2022-23 Remarks FY 2021-22 Remarks
Number of complaints received in relation to issues of conflict of interest of the Directors - - - -
Number of complaints received in relation to issues of conflict of interest of the KMPs - - - -

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, as we do not have any instances of corruption/conflicts of interest against Directors and KMPs.

Leadership Indicators

1. Awareness programmes conducted for value chain partners on any of the Principles during the financial year:

Our Responsible Partner Policy (RPP) sets out the requirements that all our suppliers must comply to do business with us. Our RPP and its Fundamental Principles embody our commitment to responsible, transparent, and sustainable business.

Each fundamental principle of the RPP provides guidance on what HUL expects from its responsible and sustainable suppliers. We are committed to working with our suppliers on this journey of continuous improvement.

We have also verified alignment to and implementation of the RPP's mandatory requirements using supplier self-declarations, online assessments and for designated high-risk countries and supplier types - independent verification, including third-party audits.

No. Total number of awareness programmes held Topics/principles covered under the training % of value chain partners covered (by value of business done with such partners) under the awareness programmes
1 1 programme (total of 5,456 vendors were trained through digital medium)
  • Legal Compliance & Countering Corruption
  • Safeguarding Information & Property
  • Sourcing and Manufacturing Products
  • Freely Agreed Terms of Employment
  • Free from Discrimination
  • Free from Harassment
  • Work is Voluntary
  • Appropriate Age
  • Fair Wages
  • Reasonable Working Hours
  • Freedom of Association
  • Health & Safety
  • Access to Grievance Mechanisms & Remedies
  • Land Rights
  • Protect and Regenerate Nature
  • Climate Action
  • Waste-free World

Price Waterhouse Chartered Accountants LLP has assured the topics / principles covered and number of vendors who have undergone awareness programme.

2. Does the entity have processes in place to avoid/ manage conflict of interests involving members of the Board? (Yes/No) If Yes, provide details of the same.

Yes, we have adopted Code of Conduct for the Board of Directors, which sets out clear guidelines for avoiding and disclosing actual or potential conflict of interest with the Company. We receive an annual declaration and changes, if any, from time to time, from our Board of Directors and Senior Management, on the Code of Conduct Policy. The Policy is available on our website and can be viewed at