Hirdaramani Annual Report 2024 May 2026

The Hirdaramani Group has released its Sustainability Report 2024, which details the company's progress toward its "Future First" 2025 Roadmap and its newly approved climate targets. As a private conglomerate, the Group does not typically publish a single public annual financial report, though its retail subsidiary, ODEL PLC, has released its Annual Report 2023/24. 2024 Sustainability Performance

Net-Zero Approval: In 2024, Hirdaramani became the first Sri Lankan organization to have its Net-Zero Science Based Targets approved by the Science Based Targets initiative (SBTi). The group has committed to reducing absolute Scope 1 and 2 emissions by 54.6% by 2033 and achieving a 90% reduction across all scopes by 2050. hirdaramani annual report 2024

Collaboration: The mill is a joint venture with Hengda Textiles, aimed at reducing the outflow of foreign exchange for raw material imports. The Hirdaramani Group has released its Sustainability Report

• 3 days to switch a fabric source.
• 30 days of critical buffer inventory in regional hubs.
• 300% scrutiny for any vendor flagged for labor violations.

The "Green" Backbone: Sustainability as a Business Model

Perhaps the most compelling section of the 2024 Annual Report is the Environmental, Social, and Governance (ESG) update. For Hirdaramani, sustainability is no longer a corporate social responsibility (CSR) checkbox; it is a competitive advantage. 3 days to switch a fabric source