Double Materiality
As a leading Indian manufacturer of wires, cables, and FMEG, our expansive value chain and energy-intensive operations make ESG principles central to our long-term strategy. For FY26, we conducted a Double Materiality Assessment (DMA) to prioritise sustainability issues from both an impact and financial perspective, shortlisting 16 material topics based on industry trends, sector-specific ESG subjects, and global peer practices.

Our Dual-Lens Approach

Aligned with ESRS guidance, a sustainability matter meets our double materiality criteria if it holds significance across one or both of the following dimensions:

  • Impact Materiality (Inside-Out): This measures our actual or potential effects on people and the environment across our operations and value chain over the short, medium, and long term. We determine this by evaluating the severity of the impact (Scale, Scope, and Remediability) alongside its Likelihood
  • Financial Materiality (Outside-In): This evaluates how sustainability matters create risks or opportunities that materially influence our development, financial position, cash flows, and cost of capital. We score these based on the Magnitude of the financial effect and its Likelihood or Feasibility

Six-Step Methodology

To ensure rigorous stakeholder inclusivity and precise evaluation, we executed a six-step methodology:

Step1
Identify Issues

We shortlisted 16 key sustainability topics using peer benchmarks and ESG frameworks.

Step2
Survey Stakeholders (Impact)

We deployed an online survey to internal and external stakeholders to gauge their perspectives on our environmental and social impact.

Step3
Conduct Management Workshop (Financial)

The Executive Committee assessed the 16 topics through a dedicated workshop to rank their potential financial impacts.

Step4
Calculate Scores

We calculated final impact and financial materiality scores based on the collected responses.

Step5
Prioritise Topics

We ranked and categorised the sustainability topics against
pre-determined thresholds.

Step6
Secure Board Approval

We presented the finalised outcomes to the Board for review and approval to ensure strategic alignment and robust governance oversight.

Double Materiality Matrix

To drive actionable progress, we have set specific targets for our top three material topics, which are detailed in Our ESG Commitments and Targets on page.

Double Material Topics

Environment
  1. 1 Energy and Emissions
  2. 2 Climate Change
  3. 3 Circular Economy and Waste management
  4. 4 Product Innovation and Stewardship
  5. 5 Water Stewardship
  6. 6 Biodiversity and Nature Protection
Social
  1. 7 Occupational Health and Safety
  2. 8 Human Rights and Inclusive Workplace
  3. 9 Community Development
  4. 10 Customer Trust and Integrity
  5. 11 Human Capital Management
Governance
  1. 12 Responsible Value Chain Management
  2. 13 Data Privacy and Cyber Security
  3. 14 Product Safety and Quality
  4. 15 Corporate Governance and Ethical Conduct
  5. 16 Economic Growth and Risk Management