Dear Stakeholders,

As CTIL continued to advance, the firmly set environmental, social and governance (ESG) principles remained untouched and connected to the business approach, for good. CTIL stayed invested in an appetite for brilliance in business, environmental and community care, equality, and efforts to offer a diverse and inclusive safe workplace that encouraged human rights and stakeholder value creation, coordinated with the core values of CTIL. However, as we review our values each year, we see that they are ESG-dependent propositions, now. Business values hold less significance without the operational and total involvement of sustainability as a strategy. The principles of sustainability pour a life-enriching purpose into each business decision we take as a Company.

The theme, “Force for Good” captures the essence of our sustainability efforts – going beyond mere compliance and actively driving positive change. I’m incredibly proud to share the significant progress we have made in several key areas:

Responsible Energy Consumption

We manage energy consumption more efficiently, and we are gently moving towards renewable energy and making technological advancements in systems and operations to progress in energy efficiency. We achieved a remarkable 12% reduction in energy consumption intensity compared to last year. This translates to a smaller environmental footprint and significant cost savings.

Water Stewardship

We are actively actioning upon water stewardship for water management, and we have implemented many conservation initiatives in all our business segments. We have demonstrably reduced our water withdrawal by 9% as compared to the last year. This commitment to water conservation ensures responsible use of this precious resource.

Waste Management

We are thrilled to report that we are diverting a staggering 99% of waste from landfills. This achievement reflects our dedication to a circular economy and minimising environmental impact.

Green Building Leadership

All our commercial buildings now hold IGBC Platinum Certification, showcasing our commitment to sustainable design and construction practices. Additionally, five residential buildings have achieved IGBC/LEED Gold or higher pre-certification, demonstrating our leadership in this domain.

Sustainable Sourcing

We have made substantial progress towards responsible sourcing, with 62% of our input materials now coming from sustainable sources. This ensures the responsible use of resources throughout our supply chain.

These achievements are the symbols of dedication and hard work of our entire team. However, we recognise that sustainability is a continuous journey. We remain committed to exploring new

opportunities and setting even more ambitious goals for the future. For the next year we look forward to forging ahead with our goal of integrating sustainability with our core business segments with certain planned ESG-related assessments and calculations. These include Scope 3 Greenhouse Gas (GHG) inventorisation, where we plan to calculate the emission produced by our upstream and downstream operations. In addition, we are integrating a robust sustainable supply chain framework after an assessment in the coming fiscal year. This will help us shift to sustainable raw material sourcing, completely, over time.

Sustainability is not a destination for us to reach. At this point in time, with the rapid technical and regulatory changes in the ESG landscape we are continuously upgrading our stance to achieve better ESG performance while standing out as a promising investment for our conscious stakeholders who are now seeking what we are looking for, sustainability.

Sincerely,

Yogesh Natu

Head - Sustainability