ESG at UltraTech

UltraTech Sustainability Strategy

 Sustainability is an integral part Carbon offset projects Internal Water recycling Groundwater
of in community carbon recharging
pricing
UltraTech’s operations
 Chief Sustainability Officer to Rainwater
manage sustainability related harvesting
initiatives reporting directly
Increasing share Water efficient
to the CEO Climate change, Water
of technologies
 The sustainability strategy is renewable energy Management
aligned to the UN SDGs energy Zero
and emissions water
 The alignment enables the discharge
Company to anticipate
Waste
stakeholder expectations, management
Circular
identify future business Biodiversity
opportunities and future-proof
Economy
Environmental Industrial waste
the business Impact to blended
Assessments
 The UN SDGs along with cements
UltraTech’s sustainability Industrial waste
framework enables the as alternative
fuel
Company to create meaningful Municipal solid waste
Concrete recycling
and measurable progress on as alternative fuel
issues relevant to its
stakeholders

Note: 1 Waste heat recovery systems

29
ESG at UltraTech: SBTi targets validated
 Data analysis to
 Letter submitted finalize base year
SBTi targeting  Press release on
to SBTi 11th March
method and tool

March to August to December to

July 2020 August 2020 November 2020 March 2021
June 2020 January 2021

UltraTech joined the growing list of Data Closure Public

Management SBTi Sign-up collection and announcement
of findings
companies adopting science based buy-in Commitment to SBTi SBTi model on target
and Target
Incubator simulation validation
validation
target initiative (SBTi) as part of its
climate commitment. Our targets will
prepare our business to be in line with
 Peer benchmarking  Anchored by CDP  Three rounds of
below 2o C threshold as per the Paris  Summarized and WWF responses
presentations with  Expert pool with  Quick turn-
agreement. benefits knowledge on SBTi around
requirements

Benefits Increased
Boosts brand Competitive Drives Bottom line
of SBTi target reputation advantage Innovation regulator
savings
setting y
resilience

30
ESG at UltraTech: Path to meet SBTi targets
Use of decision o Use of internal carbon price
making tools o Adoption of TCFD framework

o Low clinker cement Reduce carbon

Product mix
o Product that reduces usage of other resources intensity by
~27% by 2032
as compared to
o Alternative fuel and clean energy 2017 emission
Technology levers
o Adoption of emerging technologies levels *

External o #EP100 commitment

partnerships o GCCA Climate Ambition 2050

*UltraTech Cement Limited also commits to reduce scope 2 GHG emissions 69% per ton of cementitious material within the same time frame. 31
ESG at UltraTech: Continuous Improvement
Zero Carbon Green Energy Water Positive Biodiversity
(Project Jal)

21.5%*

13% *

3.90*

8*
19.10%

2.80
11%

2.60
18.50%

5
10%

2.50
17.60%

3
7%

1
FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21

Target: Target: Target: Target:

Reduction of carbon Increase the share of green Become 5 times water Complete biodiversity
intensity by 25% from energy to 34% by FY24 positive by FY24 assessment for all integrated
base year FY06 plants by FY24

32
*unaudited
ESG at UltraTech

People benefited:
1.6 million
Education  Child Education
Education for:  Women Empowerment
0.1 million children
Social  Pro-active engagement with local
Change Healthcare
CSR at Rural Health Camps for: communities and other
UltraTech 0.2 million people stakeholders
 Awareness about Covid19 and
Villages Covered:
Infrastructure Sustainable its prevention measures
507
Development Livelihood
Program coverage:
16 States, 24 Districts, 39 Blocks

CSR Spend in FY21: Rs 120 crores

6
Board Structure and Compliance

Shareholders

Independent Directors 50%

Board of Directors

Nomination,
Remuneration
Stakeholders Woman Directors 30%
Audit
and
Relationship
Compensation

Risk Corporate Board Attendance >90%

Finance
Management and Social
Sustainability Responsibility

Executive Management Committee Attendance >90%

Organization