In September 2024, Hirdaramani Apparel announced that its —making Hirdaramani the first organisation in Sri Lanka to secure this distinction. The near‑term targets approved by the SBTi include a 54.6 % reduction in absolute Scope 1 and 2 GHG emissions by 2033 (from a 2022 base year), and a 32.5 % reduction in Scope 3 emissions from purchased goods and services. The longer‑term net‑zero targets require a 90 % reduction in Scope 1, 2 and 3 emissions by 2050 .
While a formal “Hirdaramani annual report 2024” PDF may not be available for download at the time of writing, the is far from a black box. Through a series of strategic announcements, third‑party validations and substantial capital investments, the Group has effectively published its performance in real time:
Aligned with these targets, the Group has adopted a comprehensive decarbonisation strategy. Key measures include setting annual energy reduction targets, investing in renewable energy, and integrating low‑carbon technologies across its operations. The Group has also prioritised clean energy in line with UN Sustainable Development Goals 7 (Affordable and Clean Energy) and 13 (Climate Action).
A key highlight of the 2024 reporting period is the official validation of Hirdaramani’s net-zero targets by the . This makes Hirdaramani the first Sri Lankan apparel enterprise to secure this verified status. 1. Renewable Energy & Carbon Savings hirdaramani annual report 2024
The group’s carbon strategy splits into urgent near-term execution and long-term deep decarbonization: Target Category Scope 1 & Scope 2 Metrics Scope 3 Metrics 54.6% reduction (from 2022 base year) 32.5% reduction in purchased goods & services Net-Zero Targets 90.0% deep reduction
The Hirdaramani Group, a titan in the global apparel manufacturing industry, has released insights surrounding its performance for the 2023/24 financial year, highlighting a continued dedication to innovation, sustainability, and robust financial resilience. The reflects a company deeply committed to its " Future First " philosophy, navigating industry volatility while setting new benchmarks for ethical production and environmental stewardship.
In the volatile landscape of global apparel manufacturing, few names command as much respect for resilience and adaptability as the Hirdaramani Group. As the Sri Lankan conglomerate unveils its Annual Report for 2024, the document reads less like a static record of financials and more like a manifesto for the future of sustainable manufacturing. In September 2024, Hirdaramani Apparel announced that its
For a conglomerate with a century‑plus heritage, an annual report is much more than a statutory document—it is a strategic narrative that charts a company’s past performance while mapping its future direction. Although the Hirdaramani Group’s formal “annual report 2024” is not yet in the public domain in a consolidated format, the company has been exceptionally transparent throughout the year, using press releases, sustainability disclosures and high‑profile announcements to share its key achievements. By weaving together these threads, we can construct a comprehensive picture of what the would—and arguably should—contain.
In his statement, the Group’s leadership strikes a tone of cautious optimism. The report acknowledges that the global apparel demand remains soft, citing inventory "de-stocking" by major retailers. However, it points to the second half of 2024 as a turning point.
This long-form article examines Hirdaramani’s 2024 performance and strategic positioning by integrating an analysis of its annual reporting data with updates on key developments, industry context, and initiatives from its Future First Sustainability Roadmap. The analysis is based on Hirdaramani’s 2024 Sustainability Report, public filings, and related disclosures. While a formal “Hirdaramani annual report 2024” PDF
The strategic priorities laid out for the coming year are clear:
The most significant development in Hirdaramani’s 2024 reporting year was the approval of its net-zero science-based targets by the SBTi. This approval places the company among a select group of global organizations with verified pathways to align their operations with climate science.
In essence, the is already here—not as a static document, but as a dynamic, evolving record of a company that is continuously progressing, together. As the Group finalises its formal disclosures for the 2024 financial year, the themes outlined above will undoubtedly form the backbone of a report that is less about retrospective accounting and more about future‑focused transformation. For stakeholders, investors and sustainability watchers alike, the message is clear: Hirdaramani is not just reporting its 2024 milestones—it is building its 2050 legacy, one garment, one kilowatt‑hour and one community at a time.