EPACK Durable's Voluntary Adoption of Business Responsibility and Sustainability Reporting

EPACK Durable Limited has set a new benchmark of corporate responsibility by voluntarily adopting the BRSR framework—a leading original design manufacturer in India. This is in line with the Securities and Exchange Board of India, whereby the BRSR has introduced a mandate that requires the top 1000 Indian listed companies to make disclosures under the nine principles of the National Guidelines on Responsible Business Conduct. The framework—which EPACK has decided to adopt, despite it being voluntary for the company—is underpinned by sincere commitments to sustainability and transparent business practices. Incorporated in 2019, EPACK Durable has been one of the fastest-growing companies in consumer electronics and home appliances, the manufacturing of air conditioners, and small domestic appliances with their corresponding components. The BRSR Report for FY 2023-24 has been published on its website, which expounds detailed initiatives taken by it in the domains of product stewardship, corporate governance, supply chain management, and waste management. One of the major highlights of the report is that EPACK Durable works on designing sustainable products. Hence, the company is working on developing durable products that can be recycled and reused so that a circular economy may be established. This approach enables the establishment of closer ties with loyal customers and adds to the brand image as a responsible manufacturer. The report also highlights the governance practices through which EPACK Durable has an anti-corruption policy with zero tolerance towards unethical behavior. On the operational front, the report highlights activities that the company is undertaking on supply chain management, which is an integral area of operations for a company relying on inputs of high quality for its manufacturing processes. EPACK Durable ensures effective communication with its suppliers to ensure conformance with its policies and reduce potential risks that may cause operational disturbances. Besides, the company has set in place good waste management practices aimed at minimizing impacts on the environment through measuring and recycling. The report further indicates that EPACK Durable is a committed company to the welfare of employees, encompassing health, safety, and human rights. It ensures that its workforce is trained on various principles of responsible business conduct. It had hence initiated the development of stringent safety measures within all its operations. On the issue of community engagement, EPACK Durable is engaged in various corporate social responsibility initiatives that will foster a positive impact within the community it is going to operate. The reason why EPACK Durable has adopted the BRSR framework voluntarily is that it presents a strategic step whereby the company leads by example in the manner it runs its business sustainably and responsibly. The firm is leading long-term value creation for the stakeholders of the business through alignment with the principles set out in NGRBC and assures compliance with emerging regulatory standards. As the company keeps growing and tries to further its market presence, so does the commitment toward sustainability and responsible business practices that will become an exacting differentiator in the competitive landscape where it finds itself in the consumer electronics and home appliances industry. Source: BRSR Credit: EPACK Durable Limited