Hirdaramani Annual Report 2024 |verified| -
Hirdaramani Annual Report 2024: Pioneering Sustainable Apparel Manufacturing and Future-Focused Growth
This article explores the key themes, sustainability achievements, and strategic growth pillars outlined by the Group as they head into 2025 and beyond. 1. Executive Summary: Future First 2.0
Minimizing carbon, water, and waste footprints.
The Hirdaramani Group, a leading conglomerate in Sri Lanka, has released its highly anticipated Annual Report for 2024, showcasing a remarkable year of growth, sustainability, and innovation. The report highlights the group's commitment to environmental stewardship, social responsibility, and economic prosperity, solidifying its position as a responsible business leader in the region. hirdaramani annual report 2024
In 2024, the Hirdaramani Group advanced its Future First Sustainability Roadmap 2025 by achieving net-zero emissions from energy in Sri Lanka and receiving SBTi approval for its targets. Key milestones included a $30 million investment in a new textile mill and receiving top honors at the Presidential Environment Awards 2024. For more details, visit Hirdaramani Hirdaramani: Sustainable Apparel Manufacturer in Sri Lanka
In line with its decarbonization strategy, Hirdaramani announced a significant investment in a new, state-of-the-art textile mill named . Backed by an investment of USD 30 million , this facility embodies the next evolution of the company's legacy of sustainable manufacturing. Designed to be powered by renewable energy, it applies the latest advancements in low-impact manufacturing to minimize energy use, reduce waste, and optimize resource efficiency.
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 The Hirdaramani Group, a leading conglomerate in Sri
The Group is committed to diversity, with 30% of leadership positions held by women, and 70% of supervisors trained through targeted Supervisory Development Programs.
The most anticipated section of the is the "Planet First" chapter. Unlike previous years where the focus was solely on renewable energy (the group runs on 45% solar and hydro power), 2024 focuses on circularity .
From its origins in the early 1900s in Sri Lanka, the Hirdaramani Group has expanded into a global powerhouse. Today, it employs over 55,000 associates across a footprint spanning Sri Lanka, Bangladesh, Vietnam, and Ethiopia. Key milestones included a $30 million investment in
Our "Factory as a Platform" vision accelerated. We moved beyond automation to augmentation:
While the headline revenue is flat, the capital expenditure (CAPEX) narrative is aggressive. In 2024, Hirdaramani invested into restructuring.