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Principle 1

Businesses Should Conduct And Govern Themselves With Integrity And In A Manner That Is Ethical, Transparent And Accountable

At HUL, business integrity is non-negotiable and central to how we operate and deliver growth. Conducting business with integrity and respect for the people, organisations, and environments we touch remains at the heart of our corporate responsibility. We expect every employee to act as an ambassador of our values, with our Code of Business Principles and Code Policies setting clear standards for ethical conduct.

Our Business Integrity framework is built on Prevention, Detection, and Response— ensuring robust controls, enabling people to speak up, and driving decisive action where required. Through disciplined execution and shared accountability, we build a strong culture of integrity that reinforces stakeholder trust.

Message from Our Leadership

Sustainable growth is rooted in integrity. Our Code of Business Principles sets the foundation for consistent and ethical conduct across the organisation. Through robust governance, regular training and a culture anchored in trust and open communication, we ensure that every individual understands their responsibility to uphold our values and contribute to an ethical and responsible business environment.

Vivek MittalExecutive Director, Legal and Corporate Affairs

Bribery / corruption charges against our BoD / KMPs / employees / workers by law enforcement agency: Nil.
Corruption / conflicts of interest complaints against the Director / KMPs: Nil.
Material fines / penalties / punishments as per regulation 30 of SEBI LODR: Nil.
99.5% of value chain partners covered by the awareness programs.

Essential Indicators

Training and awareness programmes held for Board of Directors, Key Managerial Personnel, Employees, and Workers.
Segment	Total number of training and awareness programmes held	Topics/principles covered under the training and its impact	Percentage of persons in respective category covered by the awareness programmes
Board of Directors	2	Update on ESG goals, Human Rights, Health and Safety, Customer Development, Consumer and Market Insights, Research & Development	100.0%
Key Managerial Personnel	2		100.0%
Employees other than BoD and KMPs**	1*	Introduction to Sustainability, ESG goals, Human Rights, Health and Safety, and Skill Upgradation	87.3%
Workers**	1*		91.7%

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

*In addition to the comprehensive training module on the above topics, employee capability building during the year was addressed through a structured, enterprise-wide approach to skills and leadership development. These learning interventions were aligned to business priorities and designed to support employee performance & development

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

During FY 2025-26, 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.

Yes, one of the five pillars of our code policy focuses on countering corruption. Under this pillar, various policies address bribery, money laundering, gifts and hospitality, conflicts of interest, and more. Our commitment to doing business with integrity requires consistently high standards. We have built a strong reputation for being an ethical, trustworthy company. We are responsible for protecting 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 the 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. All these policies can be referred at https://www.hul.co.in/sustainability/responsible-business/business-integrity/

During FY 2025-26, there were no charges of bribery/corruption by any law enforcement agency against our Directors/KMPs/employees/workers.

Disciplinary action taken by law enforcement agencies for bribery or corruption during FY 2025-26 and FY 2024-25.
Category	FY 2025-26	FY 2024-25
Directors	-	-
KMPs	-	-
Employees	-	-
Workers	-	-

During FY 2025-26, there were no complaints concerning conflicts of interest against the Directors and KMPs.

Complaints received in relation to issues of conflict of interest of Directors and KMPs.
Category	FY 2025-26	Remarks	FY 2024-25	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	-	-	-	-

Number of days of accounts payables for FY 2025-26 versus FY 2024-25.
Parameter	FY 2025-26	FY 2024-25
Number of days of accounts payables	103 days	84 days

Concentration of purchases, sales, and share of related party transactions.
Parameter	Metrics	FY 2025-26	FY 2024-25
Concentration of purchases	a. Purchases from trading houses as % of total purchases	26.2%	23.0%
	b. Number of trading houses where purchases are made from	285	332
	c. Purchases from top 10 trading houses as % of total purchases from trading houses	48.2%	42.5%
Concentration of sales	a. Sales to dealers/distributors as % of total sales	63.8%	66.9%
	b. Number of dealers/distributors to whom sales are made	4,434	4,373
	c. Sales to top 10 dealers/distributors as % of total sales to dealers/distributors	5.0%	5.3%
Share of RPTs* in	a. Purchases (Purchases with related parties/Total purchases)	9.9%	10.6%
	b. Sales (Sales to related parties/Total sales)	0.9%	1.0%
	c. Loans & advances (Loans & advances given to related parties/Total loans & advances)	56.6%	66.8%
	d. Investments (Investments in related parties/Total investments made)	52.2%	21.4%

*Related party transactions are as per the standalone financial statement of HUL

Leadership Indicators

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 guides 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 independent verification, including third-party audits for designated high-risk countries and supplier types.

Awareness programmes conducted for value chain partners, detailing topics covered and percentage of partners reached.
S.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	One programme (total of 5,241 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	99.5%

Yes, we have adopted the 'Code of Conduct' for the Board of Directors, which sets clear guidelines for avoiding and disclosing actual or potential conflicts 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 https://www.hul.co.in/investors/corporate-governance/.

Principle 1

Message from Our LeadershipMessage fromOur Leadership

Essential Indicators

Leadership Indicators

Message from Our Leadership