Hirdaramani Annual Report 2024 ((install)) (8K)
Textile manufacturing requires immense water and chemical inputs. The 2024 disclosures highlight major wins in eco-friendly chemical sourcing and material updates. Hirdaramani Apparel Sustainability Report 2024
Implementing rigid ethical frameworks and localized material tracing. Environmental Metrics & Decarbonization Success
Looking ahead, the is leveraging technology to increase productivity and meet the traceability demands of modern consumers.
The 2024 report indicates a proactive stance on emerging challenges. The "Future First" roadmap 2025 remains the guiding framework, emphasizing continued investment in renewable energy and strengthening social sustainability through the WEAVE framework. hirdaramani annual report 2024
For detailed financial statements, auditor reports, and comprehensive sustainability data, please refer to the official Hirdaramani sustainability website and the Colombo Stock Exchange disclosures.
For investors, vendors, and researchers seeking the complete audited financials, the is available in three formats:
┌────────────────────────────────────────────────────────┐ │ HIRDARAMANI 2024 CORPORATE PILLARS │ └───────────────────────────┬────────────────────────────┘ │ ┌─────────────────────────┼─────────────────────────┐ ▼ ▼ ▼ ┌─────────────────┐ ┌─────────────────┐ ┌─────────────────┐ │ Environmental │ │ Social Impact │ │ Operational │ │ Stewardship │ │ & Workforce │ │ & Supply Chain │ └─────────────────┘ └─────────────────┘ └─────────────────┘ Environmental Stewardship & Net-Zero Targets investing in renewable energy
The Group continues to impact thousands annually through local education and community projects. 4. Operational Excellence, Innovation & Technology
: A landmark USD 30 million (LKR 10 billion) investment in a new textile mill in Pannala, Sri Lanka.
In September 2024, Hirdaramani Apparel announced that its —making Hirdaramani the first organisation in Sri Lanka to secure this distinction. The near‑term targets approved by the SBTi include a 54.6 % reduction in absolute Scope 1 and 2 GHG emissions by 2033 (from a 2022 base year), and a 32.5 % reduction in Scope 3 emissions from purchased goods and services. The longer‑term net‑zero targets require a 90 % reduction in Scope 1, 2 and 3 emissions by 2050 . Sri Lanka. In September 2024
Aligned with these targets, the Group has adopted a comprehensive decarbonisation strategy. Key measures include setting annual energy reduction targets, investing in renewable energy, and integrating low‑carbon technologies across its operations. The Group has also prioritised clean energy in line with UN Sustainable Development Goals 7 (Affordable and Clean Energy) and 13 (Climate Action).
As a family-owned leader in apparel manufacturing, Hirdaramani remains dedicated to shaping a sustainable and inclusive future for the global fashion industry.
With decades of experience, Hirdaramani has transitioned from a traditional garment manufacturer to a strategic partner for global brands, providing end-to-end solutions from design to distribution. 1. Financial Performance and Strategic Resilience
Driving the Future of Fashion: An In-Depth Look at the Hirdaramani Annual Report 2024
: Key partnerships and joint investments with premium hospitality operators like the Hilton and Taj groups.