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Corporate Governance


Human Rights


Upholding Human Rights

Our Human Rights policy has been prepared in accordance with the requirements of international standards including United Nations Global Compact (UNGC) and International Labour Organization (ILO).

safe-operations


Human Rights

 

At UltraTech, we have entwined Human Rights considerations to our core beliefs. We have a robust Human Rights policy, which has been prepared in accordance with the requirements of international standards including United Nations Global Compact (UNGC) and International Labour Organization (ILO).

 

UltraTech has developed a due diligence process to proactively identify and assess potential impacts and risks relating to abuse of human rights. This helps us identify the threats to human rights and address at a nascent stage. This process extends not just to our employees, but also to our suppliers and contractors. The due diligence process includes the following:

 

  • Risk identification at our own operations
  • Risk identification in our own value chain or other activities related to our business
  • Risk identification in new business relations whether it be some new ventures, merger or acquisitions
  • A systematic periodic review of the risk mapping of potential issues observed
  • Preparation and implementation of mitigation plans to address the identified risks.
  • Periodic review by top management and yearly review of the risk register

 

We have developed a Human Rights Due Diligence (HRDD) tool, tailor-made to address human rights violations that could probably occur in the manufacturing sector. This tool has been implemented at all 51 manufacturing units of UltraTech to ensure that our workforce has a safe working space.

 

We hold regular training and capacity building sessions for our teams responsible for implementing human rights related processes at our units. During these sessions, we train them on how to fill our HRDD tool needs and guide them in making a site-specific mitigating Action Plan for potential Human Rights abuses. All processes are followed in accordance with our Group Human Rights Management Standard.

 

Under Human Rights framework, we at UltraTech uphold access to equal career opportunities for all genders. We strive to build an all-inclusive environment across our operations. Our gender diversity is represented as below:

Gender Diversity

 

Share of women in total workforce (% of total workforce)

3.60

Share of women in all management positions (% of total management positions)

4.66

Share of women in junior management positions (% of total junior management positions)

4.64

Share of women in top management positions, i.e. maximum two levels away from the CEO or comparable positions (% of total top management positions)

2.38

Share of women in management positions in revenue-generating functions (e.g. sales, as % of all such managers)

8.86

Share of women in STEM-related positions (as % of total STEM positions)

4.58


Disclaimer

This section is intentionally retained in English language.

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