Asian Paints believes that sustainable value is created by combining performance with responsibility and resilience. The theme is rooted in our purpose of bringing joy to people's lives and reflects our focus on creating products, operations and partnerships that remain relevant, reliable and responsible over time.
Read MoreSustainability has long been embedded in our decision-making process. The Board has guided the development of our comprehensive ESG strategy and continues to maintain robust oversight of its implementation through its committees.
For Asian Paints, environmental stewardship is integral to building a responsible, resilient and future-ready business. Guided by our purpose of bringing joy to people’s lives and our ESG framework, we continue to embed sustainable operations into business decisions, resource planning, manufacturing excellence and value creation.
Product stewardship is central to how Asian Paints designs, develops and delivers products that balance performance, safety and environmental responsibility. Our approach focuses on reducing lifecycle impacts while creating durable, reliable and differentiated solutions for customers and other stakeholders.
Community ownership at Asian Paints is centred on trust, participation and shared progress. We work with communities, institutions and implementation partners to create lasting social impact, strengthen resilience and support sustainable development through collaborative partnerships and locally relevant interventions.
At Asian Paints, health and safety is guided by a philosophy deeper than mere compliance — Vyansamadhanam, our commitment towards life and breath. This commitment shapes how we design our operations, manage risks and build a culture where every individual is empowered to act safely.
| Recommended disclosures | Reference sections in report | Synopsis |
|---|---|---|
| Governance | ||
| a) Describe the board’s oversight of climate-related risks and opportunities | Our Sustainability Priorities & Governance -> Board Oversight & Management Role | Risk Management Committee and Stakeholders Relationship Committee of the Board are entrusted with the responsibility to support the Board in ESG oversight. The Company’s One Link team, led by the Managing Director and CEO, is tasked with implementing the ESG objectives of the Company, including climate change mitigation and adaptation |
| b) Describe management’s role in assessing and managing climate-related risks and opportunities. | ||
| Strategy | ||
| a) Describe the climate-related risks and opportunities the organisation has identified over the short, medium, and long-term. | Environment -> Climate Change Adaptation | In FY 2022-23, we have undertaken a climate risk assessment, in line with TCFD recommendations, and our Climate change mitigation and adaptation strategy is guided by TCFD recommendations. |
| b) Describe the impact of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning. | ||
| c) Describe the resilience of the organisation’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. | ||
| Risk Management | ||
| a) Describe the organisation’s processes for identifying and assessing climate-related risks. | Environment ->a) Climate Change Mitigationb) Climate Change Adaptation | We have a robust and resilient risk management framework as per ISO 31000, which is guided by Risk Management Committee of the Board. Outcomes of climate risk assessment have been integrated with our risk management processes. |
| b) Describe the organisation’s processes for managing climate-related risks. | ||
| c) Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organisation’s overall risk management. | ||
| Metrics & Targets | ||
| a) Disclose the metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process. | Environment ->Climate-related Metrics & TargetsAnnexure -> Report Card | We have set ESG targets extending through 2030. As part of this effort, we are committed to reducing Scope 1 and Scope 2 emission intensity by 80% by 2030. We have also outlined key enablers to address Scope 3 emissions throughout our value chain. |
| b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks. | ||
| c) Describe the targets used by the organisation to manage climate-related risks and opportunities and performance against targets. | ||