Page 2 - Tata Chemical Annual Report_2022-2023
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Contents Basis of Reporting Materiality Type 1 “Moderate level” of Assurance
We have based our annual report on the We cover key material aspects, identified under AA1000 Assurance Standard
principles of Integrated Reporting <IR>, through stakeholder engagement and (AA1000AS V3) in respect of the
01-83 a global benchmark for best practices in addressed by various programmes or Principles of inclusivity, materiality,
responsiveness and impact as
Integrated Report corporate reporting with our philosophy action points with measurable targets. defined in the AA1000 Accountability
of making disclosures beyond statutory Principles Standard (2018) (the
norms. With each passing year, we Responsiveness
02 About Tata Chemicals 38 Harnessing the Capitals to 64 Social: Ensuring a Safe & Healthy continue to enrich our Report with This Report, amongst one of our “AA1000 Accountability Principles”).
04 MD & CEO’s Message Create Value Work Environment additional disclosures to provide relevant interaction and communication The assurance criteria, methodology
05 Key Performance Metrics 40 Business Strategy 68 Social: Equitable Growth by information to all our stakeholders on elements, reflects our ability to manage and conclusion are presented in the
assurance report. The assurance report
06 Key Financial Outcomes 44 Materiality Assessment Empowering Communities our value creation process using the our operations while accounting and is available on the Company’s website
08 Chemistry for Sustainable Growth 48 Ensuring Stakeholder Engagement 74 Social: Nurturing a Positive multiple capitals which helps them make responding to stakeholders' concerns. at: https://www.tatachemicals.com/
for Holistic Growth Work Culture informed decisions.
12 Basic Chemistry Business Impact IRAssurance2023.
50 Managing Risk and Ensuring 78 Governance: Promoting
20 Specialty Products Business This Report is prepared in accordance We are accountable to the larger
Business Resilience Transparent & Ethical Culture Forward-Looking Statements
26 Rooted in Values, Seeding Growth with the: ecosystem and we continuously monitor
56 ESG Action Report: 82 Awards and Recognitions Certain statements in this Report
30 Being Digi-Next Companies Act, 2013 and the Rules and evaluate our impact across our value
58 Environmental: Towards a 83 Corporate Information chain. The Report covers the information regarding our business operations may
32 Innovating for Green Chemistry Sustainable Future made thereunder that is material to our stakeholders and constitute forward-looking statements.
36 Building Resilient Business Model Indian Accounting Standards the Company and presents an overview These include all statements other than
SEBI (Listing Obligations and of the Company's operations along with statements of historical facts, including
Disclosure Requirements) Regulations, associated activities that help in short, those regarding the financial position,
2015 medium and long-term value creation. business strategy, management plans
Secretarial Standards These issues have significant business and objectives for future operations.
Forward-looking statements can be
84-192 193-365 impact and are key to the Company’s identified by words such as 'believes',
Statutory Reports Financial Statements Internationally recognised frameworks value-creation process. 'estimates', 'anticipates', 'expects',
and guidelines followed include:
Accountability 'intends', 'may', 'will', 'plans', 'outlook'
84 Business Responsibility & 193 Standalone Financial Statements United Nations Global Compact The Management of the Company under and other words of similar meaning in
Sustainability Report 265 Consolidated Financial Statements Global Reporting Initiative (GRI) the supervision of the Managing Director connection with a discussion of future
120 Board’s Report 364 Form AOC-1 Standards & CEO has reviewed the Report content. operating or financial performance.
142 Management Discussion & Analysis AA1000 Accountability Principles 2018 Forward-looking statements are
necessarily dependent on assumptions,
164 Corporate Governance Report 12 Basic Chemistry Business <IR> framework of the International Reporting Period, Scope and data or methods that may be incorrect
366 Notice Integrated Reporting Council (IIRC) Assurance or imprecise and that may be incapable
385 Key details at a glance This Report covers financial and non- of being realised and as such, are not
The following principles of AA1000 intended to be a guarantee of future
386 Financial Statistics financial information and activities of
Accountability Principles 2018 have Tata Chemicals Limited (‘the Company’ or results, but constitute our current
388 Abbreviations
been applied: ‘TCL’) and its subsidiaries for the period expectations based on reasonable
Inclusivity April 1, 2022 to March 31, 2023. While the assumptions. Actual results could differ
To get this report online and for any other information, log on to: We commit accountability to stakeholders financial information has been audited by materially from those projected in
any forward-looking statements due
B S R & Co. LLP, Chartered Accountants,
www.tatachemicals.com directly or indirectly impacted by our to various events, risks, uncertainties
56 ESG Action Report organisation. We have mapped them and the non-financial information as referred and other factors. We neither assume
have processes to ensure inclusion of their to in the assurance report has been any obligation nor intend to update or
concerns and expectations. We continue assured by Ernst & Young Associates LLP. revise any forward-looking statements,
to develop our stakeholder engagement
United Nations Sustainable Development Goals (SDGs) and sustainability capacity at corporate The assurance is in accordance with whether as a result of new information,
and manufacturing levels. the limited assurance criteria of the future events or otherwise.
International Standards on Assurance
Engagements (ISAE) 3000 Revised and
