Page 55 - Tata_Chemicals_yearly-reports-2017-18

Basis of report

preparation

In recent years the principles of ‘integrated We apply the following principles of Materiality
reporting’ have come to prominence as AA 1000 AS (2008): Key material aspects have been identi ed Integrated Report
a benchmark for global best practice in through our ongoing stakeholder
corporate reporting. We consider the Inclusivity engagement and are addressed by
ways and means by which an enterprise We are committed to be accountable for various programmes or action points with
creates value using the capital inputs stakeholders who are impacted directly or measurable targets.
available. For the third year, we have indirectly by our organisation. We map our
used these principles as the basis for our stakeholders and have processes to ensure Responsiveness
annual report. We follow internationally inclusion of stakeholder concerns and We reach out to a wide range of
recognised frameworks and guidelines expectations. In addition, we continue to stakeholders through our reporting.
such as United Nations Global Compact, develop our stakeholder engagement and Each group has its own speci c needs
Global Reporting Initiative (GRI) and sustainability capacity at corporate and and interests. This report is one element
AA1000 Framework for Accountability, and manufacturing levels. of our interaction and communication. It
the Integrated Reporting <IR> framework re ects how we manage our operations
of the International Integrated Reporting in ways that take account and respond to
Council (IIRC). stakeholder concerns. Statutory Reports

Forward looking

statements Financial Statements

Certain statements in this Report 'intends', 'may', 'will', 'plans', 'outlook' results, but constitute our current
regarding our business operations may and other words of similar meaning in expectations based on reasonable
constitute forward-looking statements. connection with a discussion of future assumptions. Actual results could di er
These include all statements other than operating or nancial performance. materially from those projected in any
statements of historical fact, including forward-looking statements due to various
those regarding the nancial position, Forward-looking statements are events, risks, uncertainties and other
business strategy, management plans, necessarily dependent on assumptions, factors. We neither assume any obligation
and objectives for future operations. data or methods that may be incorrect nor intend to update or revise any
Forward-looking statements can be or imprecise and that may be incapable forward-looking statements, whether
identi ed by words such as 'believes', of being realised, and as such, are not as a result of new information, future
'estimates', 'anticipates', 'expects', intended to be a guarantee of future events or otherwise.

Basis of report preparation and Forward looking statements 53