According to disclosures from the Hirdaramani Sustainability Platform , the company has shifted its raw material matrices to favor circularity and lower ecological impacts: Material Category 2024 Utilization Profile / Innovation Goals
Prepared in accordance with the Global Reporting Initiative (GRI) Standards and externally assured by EY (as of June 23, 2025), the report emphasizes transparency, accountability, and a focus on material issues that influence stakeholder decisions.
In his statement, the Group’s leadership strikes a tone of cautious optimism. The report acknowledges that the global apparel demand remains soft, citing inventory "de-stocking" by major retailers. However, it points to the second half of 2024 as a turning point. hirdaramani annual report 2024
This comprehensive analysis breaks down the major financial milestones, historic environmental targets, and social governance developments highlighted within the 2024 corporate filings and Hirdaramani Apparel Sustainability Report 2024 . Strategic Pivot & Value Chain Investments
#Hirdaramani #AnnualReport2024 #Sustainability #ApparelManufacturing #ESG #Innovation #Transparency #FutureReady However, it points to the second half of
The Hirdaramani Annual Report 2024 is more than a financial summary; it is a testament to the evolution of the Asian manufacturing sector. It demonstrates that the era of competing solely on low labor costs is over. In its place, a new paradigm has emerged: compete on compliance, compete on capability, and compete on carbon footprint.
: The group announced a landmark LKR 10 billion (approx. USD 30 million) investment in a new state-of-the-art textile mill in Pannala, Sri Lanka. This facility is designed to strengthen the local value chain, reduce foreign exchange outflows for raw materials, and integrate advanced water recycling and purification systems. It demonstrates that the era of competing solely
: Committed to a 90% reduction in Scope 1, 2, and 3 emissions by 2050. Strategic Investments & Awards
Strategic Investments: Vertically Integrating the Value Chain
