The integrated report of fy 2018
A. About This Report
Your Company has adopted the Integrated Reporting framework prescribed by the International Integrated Reporting Council (‘IIRC’). This is the first year in our journey of publishing the Integrated Report. Through this Report, we aspire to provide to our stakeholders a depiction of the organisation’s value creation using both financial and non-financial capitals. The Report provides insights into our key strategies, operating environment, material issues emanating from key stakeholder concerns and the respective mitigation strategies, the operating risks and opportunities, governance structure and the Company’s approach towards long-term sustainability. Hitherto, Mindtree has been publishing Sustainability Reports following the Global Reporting Initiative (GRI) Framework since FY 2012-13.
B. Responsibility Statement
The contents of this Report have been reviewed by Those Charged With Governance (TCWG) at Mindtree Limited.
C. Reporting Principle
The financial and statutory data presented in this Report is in line with the requirements of the Companies Act, 2013 (including the rules made thereunder), Indian Accounting Standards, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Secretarial Standards. The framework of the International Integrated Reporting Council (IIRC) guides the non-financial section of the Report.
D. Materiality and Scope
This report includes information, which is material to our stakeholders, and it presents an overview of our businesses and associated activities that help in short, medium and long-term value creation. We have listed the material financial and non-financial issues for your Company and have presented information around our strategic approach towards these issues. We have presented the information in this Integrated Report in a fair and balanced manner. The Integrated Report is presented for FY 2017-18 with comparative figures for the previous year, providing a holistic view to our stakeholders.
E. Forward Looking Statements
Certain statements in this Report regarding our business operations may constitute forward-looking statements. These include all statements other than statements of historical fact, including those regarding the financial position, business strategy, management plans and objectives for future operations. Forwardlooking statements can be identified by words such as ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘intends’, ‘may’, ‘will’, ‘plans’, ‘outlook’ and other words of similar meaning in connection with a discussion of future operating or financial performance. Forwardlooking statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and that may be incapable of being realised, and as such, are not intended to be a guarantee of future results, but constitute our current expectations based on reasonable assumptions. Actual Results could differ materially from those projected in any forward-looking statements due to various events, risks, uncertainties and other factors. We neither assume any obligation nor intend to update or revise any forward-looking statements, whether because of new information, future events or otherwise.