Page 44 - Hitachi IR 2025

STAKEHOLDER ENGAGEMENT
Regulatory authorities
Need and expectations
•
Compliance with all
applicable laws and
regulations in true letter
& spirit.
•
Transparent disclosures
(Annual Report, BRSR,
CSR initiatives, etc.)
Employees
Need and expectations
•
Two-way dialogue with
all the employees for
continuous engagement.
Suppliers
Need and expectations
•
Long-term agreement
covering business
volume commitment.
•
•
•
Supplier quality
improvement projects,
based on NCR report.
Supplier quality audits
covering critical items and
based on NCR report.
Supplier sustainability
development and
GHG Emissions
regulation training.
42 Hitachi Energy India Limited
Mode and frequency of
engagement
•
Timely submissions / filings,
regulatory engagements
and correspondences.
•
Adherence to regulatory
mandates, notifications and
guidelines including latest
amendments as applicable from
time-to-time.
Mode and frequency of
engagement
•
Location and business town
halls every month and quarterly
town halls at the country level.
Value proposition
•
A strong value proposition
that leverages engagement
Mode and frequency of
engagement
•
Business review meet with key
suppliers with senior business
team members.
•
Kaizen workshop at supplier-
end (vendor training &
development).
•
Working with suppliers to
ensure sustainable supply chain.
•
Supplier visit every quarter.
•
Organizing management
meeting / supplier events.
Value proposition
•
Aiming for stable partnership
to deliver with quality and
time commitments.
•
Developing future-ready
partnerships through continuous
Value proposition
•
Maintaining a healthy and
transparent approach to
aim for accurate, timely
compliances without
compromising the government
regulatory requirements.
•
Making positive & sustainable
contributions, particularly
in the sector where the
Company operates.
and drives productivity can
significantly enhance a
company's success. By fostering
an engaging work environment,
employees feel more connected
and motivated, which in turn
boosts their productivity.
•
•
•
development and commitment
to sustainable sourcing.
Leveraging existing base
of approved / preferred
vendors for any market surge
/ opportunities.
Supplier lifecycle management
tool enables pre-assessment
and due diligence on their
financials, quality, technical
aspects, sustainability, cyber
security and in all legal
compliances encompassing the
supplier qualification process.
Managing supplier onsite
surveillance audits, supplier
sustainability development
process, CMRT declarations,
sustainability assessment,
supplier performance
assessment, classification of
supply base, MSME supply
base management.