To thrive, businesses will need to reimagine their roles – not just as companies that manufacture goods and services for people, but as enablers of livelihoods, social equity, equal opportunity, and custodians of conscious consumption.
Sanjiv Mehta
CEO and Managing DirectorTop ESG-rated FMCG company in India
#1 in personal products sector in India and among the top 10% companies globally in our sector.
(As per DJSI Year Book 2023)
#16 globally in Household (medium risk) category
(As per DJSI Year Book 2023)
#2 highest ESG-rated FMCG Company in India
(As per DJSI Year Book 2023)
Leadership across all 3 categories, i.e., Climate, Water, and Forest
(As per DJSI Year Book 2023)
Goals and highlights.
Our roadmap for sustainable growth
Our Compass business strategy integrates sustainability within every aspect of our operations. It builds on our past achievements and lays the pathway for us to realise our vision of being the leader in sustainable business. With timebound commitments, we are on our journey to improve the health of our planet, improve the confidence, health and wellbeing of people, and create a more socially inclusive society.
Conducting our business with integrity and highest level of governance has been core to our corporate behaviour.
HUL Governance Framework
Over the last 9 decades, our Corporate Governance framework has evolved and is inspired by our core values.
To succeed, we believe, requires highest standards of corporate behaviour towards everyone we work with, the communities we touch and the environment on which we have an impact. Our Core Principles of Governance have been the guiding force for our corporate behaviour and will continue to be so in years to come.
Corporate Governance Structure
Our Governance Structure is multi-tiered, comprising the Board of Directors, Board Committees, the Chief Executive Officer & Managing Director (CEO & MD), and the Management Committee. The Board is responsible for and committed to sound principles of Corporate Governance in HUL.
The Board plays a crucial role in creating value for all our stakeholders. The Board has robust governance practices and is supported by the Board Committees, the CEO & MD, and the Management Committee.
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The CEO & MD, supported by the Management Committee, is responsible for ensuring delivery of the Company’s strategy, business plans and financial performance.
Board Structure
Highly skilled and competent Board.
Leadership experience of running large enterprise
Experience of crafting business strategy
Finance and accounting experience
Understanding of consumer and customer insights in diverse environments and conditions
Experience in overseeing large and complex supply chain
Understanding use of digital/information technology across the FMCG value chain
Experience of large companies and understanding of the changing regulatory landscape
Business Integrity at HUL
We expect everyone at HUL to be an ambassador of our high ethical standards – what we call ‘Business Integrity.’ We believe in growing our business responsibly and sustainably. Our Code of Business Principles (CoBP) codifies our values, making clear what is expected from our people.
100%
Employees trained on Code of Business Principles
Key Policies that guide our ethical behaviour
Corporate
Governance Code
A comprehensive framework within which our Board of Directors and Board Committees operate for the benefit of varied stakeholders.
Whistle Blower
Policy
A mechanism to help alert the Management and bring to its attention promptly and directly any unethical behaviour, suspected fraud, abrasion or irregularity in practices.
Policy on Related Party Transactions
Intended to ensure that proper reporting, approval, and disclosure processes are in place for all transactions between HUL and its related parties.
Gender-Neutral
POSH Policy
Provides an environment that ensures everyone at the workplace is treated with dignity, respect, and equality.
Responsible
Partner Policy
Fundamental Principles embody our commitment to responsible, transparent, and sustainable business.
Policy for Supporting Survivors of Abuse
We are the first employer in India to launch a holistic, gender-neutral policy on domestic abuse formally.
Affirmative
Action Policy
Equal opportunity in employment for all sections of society is a component of our growth and competitiveness.
Share
Dealing Code
A process for dealing in the securities of the Company and governance mechanism to prevent insider trading.
Safety and
Health Policy
Ensures the safety and protection of the health of our employees, contractors, visitors, etc.
Environment
Policy
Encompass all available knowledge and information to prevent or minimise the risk of an adverse environmental impact arising from our business.