We are pleased to share our 52nd Annual Report for the Financial Year 2022-23, highlighting Deepak’s sustained performance through our manufacturing expertise, integrated facilities and agile operations. We are committed to strengthening our financial position and continue to invest in the Company in means that align with our vision and strategy. Our focus continues to be on building world-class facilities, innovative products and processes, while balancing market access and cost optimisation to achieve our goals. While doing so, we remain mindful of fulfilling our social as well as environmental obligations. The Company believes in growing responsibly while making an impact in the society. In addition to employee welfare and environment protection, your Company has consistently supported sustainable livelihoods with better healthcare facilities and offering education to marginal segments of the society. The objective is to contribute in a positive way by conserving natural resources while touching as many lives as possible and making them a part of our growth journey.SUSTAINABILITY: KEY DRIVER OF INNOVATION
For Deepak, sustainability is neither a corporate social responsibility nor a cost line-item, rather it is a business imperative that is at the forefront. It forms a core of what we do and how we grow as an organisation. In the past, we have received several accolades demonstrating our efforts of growing responsibly by making a visible change on the ground. Recently, one of our units in Dahej achieved a milestone of receiving 100% score in its very first attempt in Together for Sustainability (TfS) Audit conducted by DQS India. This speaks volumes of our commitment to offer best-in-class solutions to our customers by using sustainable manufacturing practices. This achievement adds to other steps undertaken such as a signatory of prestigious ‘Responsible Care’, ‘Nicer Globe alliance’ as well as receipt of a silver medal with 60% assessment score from EcoVadis, which is a leading provider of business sustainability ratings. All this is a testament to our dedication of achieving the core objectives of people, planet and profit.
We firmly believe that sustainability is the critical ingredient of organisational and technological innovations that generate positive impact on both financial performance as well as overall business growth. In-line with this, we are steadily investing to innovate our product portfolio and expand our process expertise to deliver sustainable outcomes. We want sustainability and innovation to go hand-in-hand, which is why we have strengthened our R&D infrastructure with an endeavour to innovate new compounds, upgrade the existing processes and efficiently recover by-products from effluents. This is a right move towards a circular economy thereby limiting the damage caused to the environment.
Your Company is convinced that the creation of value in medium-to-long term, relies on effective integration of business, social and environmental performance. This will create sustained shareholder value and will be critical driver to continued success in the future.…