The 2024 report is remarkably candid about external risks. With disruptions in the Red Sea and fluctuating freight costs, Hirdaramani accelerated its "China Plus One" strategy for raw materials.
Below is an in-depth breakdown of the strategic framework, core pillars, and environmental, social, and governance (ESG) achievements detailed in the Hirdaramani 2024 reporting cycle. 🌿 Climate Action & The Net-Zero Roadmap
The Hirdaramani Annual Report 2024 is more than a financial summary; it is a testament to the evolution of the Asian manufacturing sector. It demonstrates that the era of competing solely on low labor costs is over. In its place, a new paradigm has emerged: compete on compliance, compete on capability, and compete on carbon footprint.
The 2024 reporting period was defined by large-scale infrastructure investments aimed at securing the group’s long-term competitive edge. hirdaramani annual report 2024
: Reached an annual on-site renewable power generation of 16.2 GWh through the Suryadhanavi Rooftop Solar Project.
Headquartered in Colombo, Sri Lanka, the Hirdaramani Group is one of the country’s largest conglomerates, with diversified interests spanning apparel manufacturing, hotels (managed by Hilton and Taj Group), renewable energy, information technology, retail and finance. In the apparel sector alone, the Group operates 33 factories across Sri Lanka, Bangladesh and Vietnam, employing more than 40,000 people and producing over 5 million garments per month supported by vertically integrated washing, printing and embroidery facilities. With a global workforce exceeding 55,000 associates across six countries and garments sold to leading brands worldwide, Hirdaramani has firmly established itself as a pioneer in the fashion manufacturing landscape.
A significant portion of the 2024 report is dedicated to the Group’s "Industry 4.0" roadmap. The traditional image of a garment factory—rows of sewing machines and manual labor—is being actively disrupted. The 2024 report is remarkably candid about external risks
The fashion and textile sector faces intense global scrutiny regarding its environmental impact. Hirdaramani’s 2024 data showcases rapid progression toward operational net-zero status through aggressive eco-engineering: Net-Zero Validation and Green Buildings Hirdaramani Apparel Sustainability Report 2024
The Group’s response, as detailed in the report, focuses on "Employee Value Propositions." This includes upskilling programs, enhanced welfare facilities, and a focus on women’s empowerment. The report highlights specific initiatives aimed at the female workforce—who constitute the majority of their employees—such as health programs, childcare support, and career progression pathways into management roles.
The showcases a landmark period for the global apparel conglomerate as it aggressively converts its environmental and social ambitions into independently audited actions. Operating across Sri Lanka, Bangladesh, Vietnam, and Ethiopia, the pioneering fashion manufacturer utilized 2024 to solidify its "Future First" Sustainability Roadmap . The group formalized major achievements in net-zero energy operations, expanded its massive renewable energy footprint, and became the first Sri Lankan company to secure approved Net-Zero Science-Based Targets from the SBTi. The Strategic Pillars of "Future First" 🌿 Climate Action & The Net-Zero Roadmap The
Reduced waste down to , rapidly approaching its Zero Waste to Landfill goal. Equipment Efficiency 70% Energy-Efficient Machinery
: The company expanded its structural portfolio to 17 LEED Gold and Platinum-certified facilities globally, including top-tier facilities managed by Hirdaramani Bangladesh. Circular Economy & Chemical Innovation