Relaxo Footwears Limited has come out with its Business Responsibility and Sustainability Report for the financial year 2023-24, stating its commitment toward good governance, environmental sustainability, and community welfare. Envisioned in the year 1984, Relaxo has grown as a strong company and emerged as a primary player in the footwear industry in both the Indian and international markets. The report sheds light on the company’s efforts toward water conservation, reduction of carbon emissions, product safety, and community development.
The Company’s operations are spread across 10 national locations comprising nine plants and one office, in addition to one international office. The company has a turnover of ₹2893.60 crores with a net worth of ₹2001.11 crores. Manufacturing and sales of footwear remain the prime activity of the company, accounting for 99.60% of the total turnover. The company has a total strength of 3,013 employees, of which the number of males is 2,931 and that of females is 82.
It has taken various initiatives to address sustainability challenges and opportunities. Relaxo has invested in water conservation projects and ZLD systems to ensure that the firm does not contribute to water scarcity and water pollution. In view of carbon emissions and climate change risks, Relaxo moved to PNG-based boilers and energy-efficient systems. The company not only contributes to saving the environment but also ensures compliance with standards set by regulatory bodies, therefore enhancing its brand value.
The key priorities at Relaxo are product safety and quality assurance. Very tight quality control measure is implemented inside the company; besides, it holds BIS Certification and is putting enough effort into research and development. All such initiatives help to create better customer satisfaction and market competitiveness. Community engagement programs in the areas of education, skill development, health, and environmental conservation further enhance its reputation and foster better relationships with stakeholders.
Another significant area of focus of Relaxo is the management of energy. The adoption of renewable sources of energy and energy-efficient technologies brings down the cost of energy and the environmental footprint of the company. Digital transformation and technology adoption were other key areas of action that would drive operational efficiency and customer engagement. Investments in data analytics, e-commerce platforms, and smart technologies are significant investments in digital infrastructure and are expected to provide productivity gains and market advantages.
Cybersecurity is an issue of prime importance, and Relaxo is Ensured with an Information Security Architecture that allows controls over security breaches and disruption of business in adherence to the ISO 27001:2013 framework. It maintains rigorous health and safety workplace standards for employees, hence avoiding legal liabilities and loss of operation time.
Relaxo has an integrated approach to sustainability and responsibility that encompasses good corporate citizenship by way of ethical conduct and transparency in operations; well-being and development of employees; stakeholder responsiveness; respect for human rights; environmental protection; responsible public policy activities; inclusive growth; and consumer value creation. Work continues unabated in all these spheres not just to meet regulatory needs but also to ensure long-term business success with positive social impact.