examines the cascade from goal to parameters to performance to strategy, linking terminal ends. The effectiveness of the approach is reflected in the speed with which under-performances are corrected and the smoothness with which targets are translated into positive outcomes, enhancing value for all stakeholders. As a result, the Corporate Responsibility Committee has a direct influence on a range of outcomes, ensuring that these are safe, secure and sustainable. Risk Management Committee This committee aids the Board in overseeing the Company’s risk appetite, risk management framework and governance structure. It reviews the risk governance structure, including ESG risks, policies, practices and guidelines. The committee assesses regulatory and policy risks linked to climate change, ensuring compliance with State and Central policies. Depending upon the nature of business, this committee has three to four sub-committees (such as reputation risk, commodity price risk, legal, regulatory and tax risk). Corporate Social Responsibility Committee The CSR Committee operates under applicable provisions of the Companies Act 2013 and SEBI regulations. It ensures compliance with Schedule VII of the Companies Act, focusing on socially beneficial programs for sustainable societal development. This committee identifies areas for CSR activities, recommends expenditure allocation, and oversees the ongoing implementation and monitoring of CSR policies. Stakeholders’ Relationship Committee Operating under Companies Act 2013 and SEBI regulations, this committee reports to the Board, ensuring effective service and protection of stakeholders’ interests. Its responsibilities include safeguarding the concerns of shareholders, debenture holders, security holders, rating agencies, regulators and customers. Assurance Data assurance is vital before public disclosures, with internal checks conducted by dedicated Sustainability SPOCs at each site, rigorously examining evidence. The corporate ESG team then performs final internal assurance. Additionally, all data published by our Company undergoes mandatory external third- party assurance, ensuring credibility and reliability in public information. Our stakeholder engagement process To meaningfully implement key stakeholder engagement, the following steps are carefully considered:  Identification of stakeholders  Engagement with stakeholders to identify concerns  Identification of key concerns and development of action plan Step 1: Identification of stakeholders Stakeholder identification comprises the recognition of individuals or entities, directly or indirectly, who can influence the Company’s operations. This ensures the acknowledgment of all stakeholders engaging with our businesses, fostering positive and sustained relationships. Throughout this process, a consideration is given to cultural disparities, geographical locations and vulnerable groups, ensuring a comprehensive and inclusive approach to stakeholder engagement.  Employees and their families  Vulnerable groups  Investors and Shareholders  Media  Government bodies and institutions  Suppliers and vendors  Industry associations  Labour unions  Local communities  NGOs (local, national)  Indigenous groups  Customers Each Adani business conducts a customised analysis and implementation of stakeholder engagement, tailoring its approach to the unique contexts of operations and locations. This ensures that stakeholder engagement occurs with a profound understanding of the risks, opportunities and impacts linked to the Company and stakeholders. The businesses proactively identifies potential stakeholder groups that influence Stakeholder engagement Stakeholder engagement is integral to the Adani Portfolio of companies, applicable across sectors, offices, manufacturing sites, managed facilities and business subsidiaries. operations. A special attention is given to the identification of individuals or groups who might be disproportionately affected by activities. Businesses categorise stakeholder groups, considering the potential impact on human rights resulting from operations. This approach guarantees comprehensive and responsible stakeholder engagement. Step 2: Engaging with stakeholders Effective stakeholder engagement fosters relationships through continuous feedback and dialogue. Adani businesses conduct a thorough analyses, mapping stakeholder characteristics and interests, tailoring engagements based on urgency and nature of the stakeholder group. A clear definition of engagement scope, purpose and objectives precede each interaction. Understanding stakeholders’ relationships and impacts guides the level of engagement, with a focus on the most significantly affected individuals or groups. Regular engagement helps address expectations and concerns, ensuring a proactive approach in meeting stakeholder needs and fostering positive relationships. Stakeholder engagement plan A comprehensive stakeholder engagement plan outlines elements that ensure effective communication and collaboration. This plan includes identifying stakeholders, defining the purpose and scope of engagement, selecting appropriate communication channels (online/offline) and specifying key topics, concerns, interests, expectations and impacts to be discussed. It also establishes the frequency of communication, detailed timelines, expected and desired outcomes. Moreover, the plan delineates roles and responsibilities, ensuring a structured and proactive approach to engaging with stakeholders. As part of engaging with stakeholders, businesses must develop unique questionnaires for identified stakeholders covering areas of concerns including but not limited to the following:  Exposure to operations  Health & safety  Environmental impact  Health & wellbeing  Business performance  Skill upgradation  Governance  Financial performance  Livelihood opportunities  Supplier development  Post-sales support  ESG principles applicability and embedment Step 3: Identifying key concerns and developing action plans Every business within the Adani Portfolio establishes effective grievance redressal mechanisms for all stakeholders. A dedicated committee, adept in recording, tracking and managing grievances, is diligently trained to handle complaints within stipulated timeframes using suitable tools and methodologies. The input of stakeholders is valued as concerns, expectations and ambitions shaping materiality evaluation and guide objectives. ESG Report 2022-23 185 184 Adani Group