Hirdaramani Annual Report 2024 !!link!! May 2026
Hirdaramani Annual Report 2024: Write-Up
Navigating New Horizons: Engineering a Sustainable & Digital Future
Chairman’s Message In 2024, the global apparel industry faced a complex tapestry of recalibrated supply chains, evolving ESG regulations, and shifting consumer demands for radical transparency. At Hirdaramani, we viewed this not as a burden, but as our calling. This year, we proved that agility and sustainability are not trade-offs—they are the twin engines of enduring value. Our 2024 performance reflects a disciplined focus on vertical efficiency, digital empowerment of our workforce, and a deepening commitment to becoming a net-positive enterprise.
Net-Zero Approval: Hirdaramani became the first Sri Lankan organization to have its Net-Zero Science Based Targets approved by the Science Based Targets initiative (SBTi) in 2024. Emission Targets: hirdaramani annual report 2024
Mihila Tex: The group invested $30 million in a new sustainable textile mill in Pannala, Sri Lanka, to strengthen its local value chain. Renewable Energy : The installation of solar panels
Green Power: Their "Suryadhanavi Rooftop Solar Project" now generates 16.2 GWh of renewable energy annually, saving approximately 13,400 tonnes of carbon. If you want
Net-Zero: Committed to a 90% reduction in Scope 1, 2, and 3 emissions by 2050. Strategic Investments & Awards
- Materiality matrix graphic, key stakeholder groups, engagement channels and outcomes.
- Example: “Top material topics: worker welfare, climate risk, chemical management.”
- Renewable Energy: The installation of solar panels at several Hirdaramani facilities, generating over 1 MW of clean energy and reducing carbon emissions by 25%.
- Waste Reduction: A group-wide waste reduction program, resulting in a 30% decrease in waste generation and a significant increase in recycling rates.
- Water Conservation: The implementation of water-saving measures across all operations, leading to a 20% reduction in water consumption.
If you want, I can: