Yatra Online Limited has filed its BRSR for the financial year 2023-24 with the exchanges. The report provides a comprehensive overview of the company’s practices in corporate governance, sustainability, and responsible business.
Corporate Governance Practices The report leads with the emphatic assertion of Yatra’s ethical approach to corporate governance practices. To emphasize such an approach would indicate that transparency and accountability are key issues in the management of the company’s affairs. Such a priority would appear to instill confidence in Yatra on the part of its investor base, clients, and employees. This emphasis on good governance is fully in line with global trends in corporate responsibility and testifies to the effort of Yatra to ensure a trusted and safe place for conducting business.
Sustainability Initiatives The better part of the report talks about the sustainability initiatives undertaken by Yatra. In this regard, it outlines the company’s strategies for sustainable sourcing and reduction of environmental impact. Though Yatra declares that “quantification of exact contributions towards sustainability presents a challenging factor,” it is committed to the implementation of eco-friendly measures where possible. Such steps are part of the broader environmental responsibility of the company in its effort to bring Yatra in line with emerging trends in sustainability in the corporate world.
Diversity and Inclusion Yatra Online Limited taps into the wealth of value that comes with a diverse team. The company strives to remind itself of how imperative diversity and inclusion are in driving business strategy. By further encouraging a culture that embraces diverse perspectives, Yatra fosters the kind of innovation and better decision-making that enable one to stay ahead of the game in these times. This will not only make the company progressive but also inclusive.
Employee Welfare Policies: The report provides an in-depth description of the commitment by Yatra to its employee welfare. Hence, the company has spent money on full health benefits and insurance policies covering the workers to ensure their well-being. Therefore, more productive workers are retained by the company and have better morale and job satisfaction. With such a fantastic approach to the welfare of its employees, Yatra indeed is one company that cares about the health and happiness of its workforce.
Stakeholder Engagement The most striking feature of the Yatra report is its effective stakeholder communications. It identifies the stakeholder groups and maintains lines of communication with each of the groups. Keeping a lucid and transparent dialogue with stakeholders helps improve the responsiveness of the concerns and feedback related to the company. By this means, it ensures that the company functions in tune with the needs and expectations emanating from its community at large.
Risk Management Practices The report also throws light on the risk management practices followed by Yatra, especially those related to information security. Since data protection is considered a crucial issue in this modern digital world, appropriate mechanisms have been implemented by Yatra to keep customers’ data secure and their systems safe from all kinds of potential security threats. As a result of such proactive steps, one could identify that Yatra is fully aware of the threats involved while operating in this industry, and the company is doing everything possible to minimize those threats efficiently.
Future Plans and Goals Looking to the future, Yatra is to ramp up its efforts on sustainability. One such future goal as listed in the report is a dedicated sustainability committee. This would be a big step toward the further institutionalization of the company’s sustainability efforts—a manifestation of its commitment to taking a long-term approach to corporate responsibility.
Additional Key Information The report gives details on important information about the corporate details of Yatra. The CIN of the company is L63040MH2005PLC158404, while the ISIN is INE0JR601024. Currently, Yatra has 1,297 employees and has in place ongoing diversity initiatives. Also, the company has informed us that corporate social responsibility is not applicable for the fiscal year 2023-24. However, Yatra is committed to improving its environmental performance and contemplates enhancing its effort to further reduce its carbon footprint, thus contributing toward sustainability in its operations.
Yatra’s BRSR is publicly available on its website at www.yatra.com and provides greater detail about its corporate governance and sustainability best practices. The report underlines the company’s commitment to ethical practices in business, transparency, and sustained efforts toward balancing growth with environmental and social responsibilities.
Overview The Business Responsibility and Sustainability Report of Yatra Online Limited for the year 2023-24 underscores the focus on ethical governance, sustainability, welfare of employees, and risk management. At Yatra, with continuous effort to live up to the commitment to accountability and transparency, it strives ceaselessly for further improvement in corporate responsibility performance during the coming years.
Source: BRSR
Credit: Yatra Online Limited