Hirdaramani Annual Report 2024 ((free)) Jun 2026
The Hirdaramani Group remains committed to social responsibility, with a strong focus on community development and employee well-being. In 2024, the group invested in several initiatives, including:
At the heart of the 2024 disclosures is Hirdaramani’s structured alignment with the United Nations Sustainable Development Goals (UN SDGs), brought to life through their core pillars. Rather than treating sustainability as a secondary corporate social responsibility (CSR) initiative, the group integrates these pillars directly into its core financial and manufacturing workflows:
This investment serves multiple strategic purposes: it strengthens the local value chain, reduces the outflow of foreign exchange for raw material imports, and positions Sri Lanka as a sustainable manufacturing hub. In many ways, this project would likely be the centrepiece of a hypothetical annual report’s “Capital Expenditure and Infrastructure” section, demonstrating how the Group is investing in long‑term, vertically integrated growth. hirdaramani annual report 2024
The report acknowledges that these investments suppressed short-term profit distribution, but the board argues they are essential for supply chain localization requested by Nike, Lululemon, and Decathlon.
A deep 90% reduction across all operational boundaries , including Scope 1, Scope 2, and comprehensive Scope 3 avenues like capital goods, business travel, and upstream/downstream logistics. In many ways, this project would likely be
Beyond the Presidential Environment Awards, 2024 brought several other distinctions:
The Group’s response, as detailed in the report, focuses on "Employee Value Propositions." This includes upskilling programs, enhanced welfare facilities, and a focus on women’s empowerment. The report highlights specific initiatives aimed at the female workforce—who constitute the majority of their employees—such as health programs, childcare support, and career progression pathways into management roles. After formal validation from the SBTi
The cornerstone of the Hirdaramani Apparel Sustainability Report 2024 is its verified decarbonization strategy. After formal validation from the SBTi, the company committed to rigorous absolute emission reductions across its entire global value chain.