Board's Report
Annexure G (This annexure forms part of the Board's Report)
Annual volunteering initiative: TCS World 10K Bengaluru (May, 2023), Vedanta Delhi Half Marathon (October, 2023) and the TATA Mumbai Marathon (Jan, 2024) Fractal has expanded its involvement in city marathons to include employees from Bengaluru and Gurugram. Fractal sponsored over 20 Fractalites from Bengaluru to participate in the TCS World 10K Bengaluru Marathon, encompassing the open run and the ‘Majja Run’ categories. Additionally, more than 35 Fractalites from Gurugram participated in the Vedanta Delhi Run, joining categories such as the half marathon, 10K, and the ’Great Delhi Run’. Furthermore, we have upheld our commitment to active participation in the TATA Mumbai Marathon for five consecutive years since 2018. This year, Fractal sponsored over 45 volunteers across various categories including the Open Run, Full Marathon, Half Marathon, and Dream Run. The purpose of participating in the marathon was to raise awareness for a Fractal CSR cause - better educational outcomes for disadvantaged children. This is a Fractal CSR thrust area. Upheld our commitment to the environment through a series of events leading up to World Environment Day Fractal collaborated with BAIF to organize a tree plantation drive aimed at raising awareness of the importance of tree planting and contributing to the conservation of forests and biodiversity. Fractal sponsored over 400 mango grafts, with more than 30 Fractalites volunteering to plant 100 mango grafts in the Jawahar region of Palghar district. Fractal collaborated with the United Way of Mumbai to organize a beach clean-up drive, aiming to raise awareness about the detrimental effects of plastic pollution on the marine ecosystem and local wildlife. More than 30 Fractal volunteers participated in preserving the beach environment by ensuring it remained free of waste. 4. Fractal’s continued commitment towards ESG responsibilities – social procurement and building diversity and sustainability in the value chain at Fractal. Increase in diverse, sustainable social procurement by Fractal. Fractal recognizes the importance of having a diverse supplier base. Fractal CSR actively procures products from non-profits and other concerns run by the differently abled, women entrepreneurs and organizations that regularly recycle and up-cycle resources to produce sustainable products. On the occasion of annual holiday mementoes in India, Fractal provided an opportunity to 4 sustainable enterprises and sourced sustainably designed products worth USD 150,000 for employees across India and other stakeholders across the globe. For the fiscal FY 2023-24, this was an increase of 19 % over the previous year’s diverse and sustainable sourcing initiatives. Sirohi - Sirohi is a sustainable, luxe brand dedicated to empowering artisans in India. Their products are made of natural fibers, textile waste and industrial plastic waste. They not only promote sustainable products for conscious buyers but also actively contribute to uplifting Indian artisans. Clan Earth - Clan Earth makes eco-friendly products from sustainable materials such as cotton, cork, and jute, along with completely plastic-free and zero-waste packaging. The brand places a strong emphasis on conducting life cycle assessments for each product. Additionally, for every product sold, Clan Earth plants 5 saplings, with a remarkable count of over 17,000 saplings planted so far. Recharkha - ReCharkha is an eco-social enterprise that focuses on conserving our environment and heritage and enabling livelihoods for women and artisans from remote tribal rural areas. The focus is on resolving the issue of Waste Management by upcycling all plastic waste and produce handicraft items using traditional charkha and handloom methods, avoiding electricity and chemicals, minimizing water and carbon footprint. White Light Elements - White light Elements designs innovative products that are conceptualizes on mindfulness practices & habits. These sustainable products are meticulously handmade, utilizing natural materials like wood and metal, with a commitment to supporting underprivileged craftsmen and artisans. Empowering women run businesses that empower other women. Fractal CSR invited and sponsored a Financial Wellness Session by Pay It Forward, a unique social venture started in 2017. Pay It Forward is run by 3 women entrepreneurs, Preetha Wali, Anu Seth and Vinita Jain to conduct customized personal finance awareness and planning sessions for everyone. This is a repeat initiative open to all at Fractal but targeted towards women colleagues. Empowering diverse and sustainable businesses: Mindful workshop in line with UN theme ‘Invest in women, accelerate progress’ for the International Women’s Day Fractal CSR Organized an interactive, sustainable workshop for engaging Fractalites with beneficiaries of Fractal’s social procurement initiatives, under the aegis of International Women’s Day. Representatives from Millet Bank, Sirohi, and reCharkha visited Fractal India offices, engaging Fractalites with their crafts and sustainable ethos.
The details in relation to the Sexual Harassment Policy and the complaints received during the year under Sexual Harassment Policy are as follows:
No. of complaints disposed off during the financial year
No. of complaints pending as on end of the financial year
No. of complaints pending more than ninety days
No. of complaints filed during the financial year
Nature of action taken Involuntary Termination of services
1
1
Nil
Nil
In compliance with the Prevention of Sexual Harassment Act 2013, the Company has put in place a policy on prevention of sexual harassment at workplace. As per this policy, an Internal Complaints Committee (ICC) has been constituted and the names and email addresses of its members (including the external NGO member) along with summary of the policy and the detailed process for raising a complaint have been mentioned on the notice board and other public places. To ensure that the employees are aware about the policy and the related guidelines, the Company has an online awareness training program which all employees are required to undertake during the year. The same is also a mandatory program which has to be undertaken by a new employee during the induction period and has to be completed within first 30 days of joining the organization.
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Fractal Analytics Limited | Annual Report 2023-24
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