Hirdaramani Annual Report 2024 -

Beyond Mihila Tex, the Group continued to expand its production footprint. The acquisition of Browns Fabric Ltd from Brown & Company PLC paved the way for the new textile mill, underscoring Hirdaramani’s commitment to boosting domestic manufacturing capacity. With 20 garment factories in Sri Lanka alone, already delivering over 5 million garments per month, the addition of a large‑scale, sustainable textile mill marks a natural evolution in the Group’s operational maturity.

Key highlights from the include:

: At the Presidential Environment Awards 2024 , Hirdaramani clinched four awards, including Gold for its "Mihila" facility. Strategic Investments and Expansion

A strict 54.6% reduction in absolute Scope 1 and 2 emissions alongside a 32.5% reduction in absolute Scope 3 emissions from purchased goods and services, using 2022 as the base year.

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 hirdaramani annual report 2024

Beyond the Presidential Environment Awards, 2024 brought several other distinctions:

: Committed to a 90% reduction in Scope 1, 2, and 3 emissions by 2050. Strategic Investments & Awards

: Hirdaramani became the first Sri Lankan organization to have its Net-Zero Science Based Targets approved by the Science Based Targets initiative (SBTi) in 2024. Emission Targets :

: Operations now span six countries, including Sri Lanka, Bangladesh, Vietnam, and Ethiopia, with over 55,000 associates. Financial Highlights (ODEL PLC - Retail Sector) Beyond Mihila Tex, the Group continued to expand

By analyzing the critical disclosures of the 2024 reports, this article explores how Hirdaramani is setting a global benchmark for sustainable manufacturing while safeguarding commercial resilience in an increasingly competitive global landscape. The "Future First" Strategic Framework

The highlights the group's transition into a new era of "Future First" sustainability, marked by significant investments in local manufacturing and global net-zero commitments. As one of Sri Lanka’s largest conglomerates, Hirdaramani has prioritized vertically integrated, eco-friendly apparel production while expanding its footprint across Bangladesh, Ethiopia, and Vietnam. Key Strategic Milestones

A commitment to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 54.6% by 2033 from a 2022 base year.

Ethical governance forms the bedrock of Hirdaramani's corporate identity. Hirdaramani Apparel Sustainability Report 2024 Key highlights from the include: : At the

at its Ja-Ela facility, planned for completion in early 2026 to enhance local biodiversity. Social & People Impact Hirdaramani Apparel Sustainability Report 2024 * 18.4 Mn. * 1.2 Bn (USD) Hirdaramani apparel ANNUAL REPORT 2023/24 - CSE

Hirdaramani Annual Report 2024: Pioneering Sustainable Apparel Manufacturing and Future-Focused Growth

The publication of the (released as an independently assured, GRI-audited Sustainability and Performance Report) marks a critical milestone. It tracks the company’s progress toward its ambitious "Future First" 2025 Sustainability Roadmap . Operating across a robust global footprint—including Sri Lanka, Bangladesh, Vietnam, and Ethiopia —Hirdaramani demonstrates how an industry giant can scale its operations while systematically reducing its environmental footprint. 1. Executive Summary: What is "Future First"?

The company trained 70% of supervisors through its development program and reached a milestone of having 30% of leadership positions held by women. Strategic Investments and Awards