ABY™ has a committed strategy for a greener tomorrow which is being implemented at different levels in the business. By nature, the yarn spinning industry is effluent and emission free. For ABY™, corporate responsibility is more than just another business activity and this is reflected in our multiple endeavours related to saving energy, creating value for our customers, happier employees, harmony with our environment and more. We constantly pursue the implementation of state-of-the-art technologies for optimum utilization of power and other natural resources.
Regular modernization also ensures that equipment and processes are efficient with minimum wastage of precious energy. ABY™ offers quality products which create long term tangible value to customers and society at large. Our tie-ups with world renowned suppliers are in line with our philosophy of buying only from best. Health and safety at the workplace has been given utmost priority at ABY™ along with our value driven management systems which provide an equal platform for diverse employees.
Long term Sustainability was one of the key criteria while designing the new project. The key features incorporated to bring down the cost and wastages with superior Quality and flexibility for value added quality product and efficient power usage. A key to green environment.
Aditya Birla Yarn actively participates and contributes to sustainability-related sector-specific global associations and initiatives, such as the Sustainable Apparel Coalition (SAC). We collaborate with governments, regional industry bodies and many other businesses. We play an active role in many trade organizations and industry groups across the world on a wide range of topics. We define collaboration as all forms of working with organizations outside our business entity. These collaborations range from working together on a project to participating in a voluntary initiative along with others in the sector, across the sector or non-business entities.
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Our global supplier base includes suppliers of input materials, engineering, construction companies, machines manufacturers, installation and commissioning service providers, joint ventures etc. Our constant effort is to navigating our supply chain to be responsible, inclusive, sustainable and agile. We are cognizant of risks and challenges intertwined with the textile supply chain that use ESG risks and business continuity. Climate-related risks could cause business disruptions and can increase our raw material costs.
Our supplier code of conduct forms an important indicator of our commitment to sustainable and responsible growth and also ensures protocols are followed. This guiding document outlines the Standardized Operating Procedures that the suppliers have to follow in general and specifically in addressing our supply requirements.
Our suppliers and contractors, both domestic and international, are required to comply with this code covering Environment, Health & Safety, Human Rights, and Ethics & Compliance parameters. We require that our suppliers adhere to our policies on emission, environmental regulations, provisioning a safe and healthy work environment, and prohibiting child labour, among others. We also have carried out supplier assessments, at select supplier operations, to drive supply chain sustainability on ESG aspects as well as traceability. We intend to drive supply chain sustainability through targeted raw material traceability and supplier performance assurance. We also set water reduction and energy reduction targets for our suppliers. We have a strategic and sustainable partnership with our suppliers where we hand - hold them in improving their sustainability performance going beyond supplier code of conduct and regulatory compliance. Our engagement with our suppliers is characterized by long-term relationship as these entities have evolved with us and been by our side for decades.
Vendors are assessed based on the following specific ESG parameters:
Our responsibility to our customer does not end at the execution of sale. We believe that our responsibility extends to our customer’s experience with our product during processing, use and disposal. Our product stewardship initiatives are mainly focused on reduction in environmental cost and requirements during processing, health and safety impacts of products during use and degradability or recyclability at the end of use.
