TABLE OF CONTENTS

Corporate Overview 12  e Serve – Fulfilling

W I ntegrated Approach to
Aspirations of a New India
2 Reliance at a Glance Sustainable Growth
14  e Connect – Ushering in
W
4 Stakeholder Value-Creation 150 Integrated Approach to
the Next Phase of India’s
6 Key Performance Indicators ESG Governance
Reliance’s success is 8  hairman and Managing
C
Digital Revolution
152  ccelerating Progress
A
16  e Energise – Accelerating
W
a reflection of India’s Director’s Statement the Green Transformation
Towards a Net Carbon
Zero Future
capabilities, the talent of her 18  e Entertain – Disrupting
W
157 Reliance’s Approach
people, and the potential of the World of Storytelling
to TCFD
20 We Include – Empowering
her entrepreneurs, engineers, India Together
160 Maximising Shared Value

managers and workers. 22  e Enrich – A Haven for Art

W
164 Understanding the
Material Issues
and Culture
Shri Dhirubhai H. Ambani 170  riving ESG Growth
D
Founder Chairman 24 Board of Directors
in Reliance
26 Key Corporate Actions
172 N Natural Capital
28 Value-Creation Model
184 H Human Capital
30 Strategy
196 M Manufactured Capital
32 ESG
202 Intellectual Capital
Reliance Industries Limited (RIL) is a Fortune Global 500 company and the 34 Startup Ecosystem I

largest private sector corporation in India. Over the last four decades, Reliance 38 10-Year Financial Highlights 210 S  ocial and
S
As the Amrut kaal unfolds, India
has emerged as one of India’s most valuable, stakeholder-centric organisations. will witness an unprecedented Relationship Capital

It has built important assets for India, innovating and investing for a better future explosion in economic growth Management Discussion 224 Independent Assurance on

for all Indians. The one unifying thread that runs through everything we have and opportunities. From a and Analysis Sustainability Disclosures
3 trillion-dollar economy,
accomplished at Reliance is the spirit of Care and Empathy. 42  inancial Performance
F
India will grow to become a
and Review Governance
40 trillion-dollar economy 228 Corporate
by 2047. Business Overview
India’s largest company Contributing Proud champion Governance Report
Retail Digital Media and
by meaningfully to India’s of Make In India Shri Mukesh D. Ambani Services Entertainment
278 Board’s Report
economic growth Chairman and Managing Director
Financial Statements
→ PAGE 50 → PAGE 66 → PAGE 80
MARKET CAPITALISATION* EXPORTS FORTUNE GLOBAL 500 308 Standalone
Oil to Oil and Gas New Energy

H17,72,456 CRORE H3,40,048 CRORE #88 Chemicals E&P 402 Consolidated

→ PAGE 94 → PAGE 116 → PAGE 126

REVENUE NEW HIRES FORBES BEST EMPLOYER

H9,74,864 CRORE 2,62,558 #20 130

144
Risk and Governance
Awards and Recognition
NET PROFIT CSR CONTRIBUTION Among the largest private sector
Our Reporting Suite 2022-23
H73,670 CRORE H1,271 CRORE investor in capital assets in India
Our Annual Reporting suite brings together the financial, non-financial, risk, and sustainability performance for the year.
→ PAGE 42 → PAGE 210

* Market Capitalisation is as on July 20, 2023, ex-demerger of financial services undertaking post price discovery thereof Ethical

Note 1: All figures are as on/for the year ended March 31, 2023
Accountable

Climate Resilience

Note 2: All figures for FY 2022-23 are excluding financial services

Disease Management

Human Rights

Transparent Financial Inclusion

Responsible
Respect
Prevention and Cure

Business Responsibility & Sustainability Report 2022-23

Corporate Social Responsibility Report 2022-23

Safe
Well-being Excel
Training

About this Report Attending the 46th AGM Online Sustainable

Protect Nurture

Relief
Culture

Art

Well-being

The Reliance Integrated Annual Report has been prepared in alignment with RIL invites the participation of all
Social Cohesion

Inclusive Restore

Skilling
Livelihood Building

Rescue

the Integrated Reporting <IR> Framework laid down by the Value Reporting shareholders at its 46th Annual
Engaged

Preparedness
Income Generation
Equitable

Foundation (VRF). In preparation of the Report, GRI Standards, National General Meeting (AGM), to be
Responsive

Voluntary Guidelines (NVGs), United Nations Sustainable Development Goals held on August 28, 2023. We Care
For a connected, prosperous and shared future
We CareFor a connected, prosperous and shared future

(UN SDGs) and 13 other frameworks were referenced. The Report outlines RIL’s Click here to join.
commitment to stakeholder value creation, and defines the actions taken and
→ → →
Online Integrated Annual Report Business Responsibility & CSR Report
outcomes achieved for its stakeholders.
Click here Sustainability Report (BRSR)# Click here
Click here

# From FY 2022-23, BRSR is mandatory for the top 1,000 listed entities by market capitalisation in India.