This is the fifth Integrated Report of Hindustan Zinc Limited (Hindustan Zinc). It has been developed in line with the guiding principles of the Integrated Reporting <IR> framework of the International Integrated Reporting Council (IIRC), now part of the IFRS Foundation. It serves as a window for our stakeholders to get a complete understanding of the Company’s value creation process, which is driven by the six capitals and our sustained investments in the same.
In line with our transparent reporting practices, we provide a holistic disclosure of the operating context and prospects through this report. We also transparently share information on the key material issues impacting our business, our stakeholders and our strategy. Detailed information about our transparent and ethical governance practices ensures accuracy and reliability in our disclosures. Such transparency enables our investors to make informed decisions and guides the extent of their engagement with the Company.
This Report covers information for the period April 1, 2023 - March 31, 2024. In terms of its reporting scope and boundary, it relates to the financial and sustainability disclosure made by the Company. These pertain to the Company’s operational framework, which encompasses its mining and smelting locations as well as the refinery. Other key aspects covered are the consolidated financial information, as well as key material issues that are relevant to our operations and our value chain partners, customers, communities and other stakeholders.
We strive to give investors a complete understanding of our value-creation process through this Report. For this purpose, we provide a five-year trend, wherever relevant, for the Key Performance Indicators (KPIs), including the Environmental, Social and Governance (ESG) Indicators.
This Integrated Report complies fully with the guidelines of IIRC’s <IR> framework. Some of the data related to
For detailed disclosures on the key non-financial aspects of our business, readers should refer to our Sustainability Report, which can be accessed on our website www.hzlindia.com.
Given the importance of considering issues, opportunities and challenges that can have any material impact on our business and our ability to create stakeholder value, we base the disclosures in our Integrated Report on the issues. We have identified the key material issues and opportunities by applying the principles of materiality, which involve gathering and collation of inputs from all our business units and key stakeholders. Besides identifying the material matters, this helps in ranking them in order of their relevance and potential impact on our stakeholders, strategy and value creation ability. It enables us to determine our business strategies and goals, ensuring that they remain relevant in the continually evolving operating environment.
Read more on our material topics
The Board of Directors and the Management of Hindustan Zinc have applied their collective knowledge and understanding in the development of this Report, and take responsibility for the integrity of the information contained in it. It is their sincere belief that the Report captures all the key material issues, and accurately and fairly communicates the integrated performance of Hindustan Zinc and its impact.
This Integrated Report contains information to help investors and shareholders, debenture and other security holders to properly assess our prospects and take informed investment decisions. This Report and other statements - written and oral - that we periodically make, contain information that set out anticipated results based on the Management’s plans and assumptions. We have tried, wherever possible, to identify such statements by using words such as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that all projections will be fulfilled, although we believe we have been judicious in our assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should any known or unknown risk or uncertainty materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should take this into consideration. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
