Knowing our

Strength

ANNUAL REPORT

2022

CHAPTERS

STRATEGY AND

RESOURCE

ALLOCATION

0565

51

ORGANIZATIONAL

RISKS AND

OVERVIEW AND

OPPORTUNITIES

EXTERNAL

ENVIRONMENT

FUTURE

OUTLOOK

167 179

175

IT GOVERNANCE AND

STAKEHOLDERS

CYBERSECURITY

RELATIONSHIP AND

ENGAGEMENT

GOVERNANCE

77

139

95

SUSTAINABILITY AND

ANALYSIS OF

CORPORATE SOCIAL

THE FINANCIAL

RESPONSIBILITY

INFORMATION

STRIVING FOR

EXCELLENCE

IN CORPORATE

REPORTING

185

205

189

BUSINESS MODEL

FINANCIAL

STATEMENTS

About the Report

We are pleased to present the Annual Report of Cherat Cement Company Limited (the Company) for the year ended June 30, 2022. The Company was incorporated in Pakistan as a public company limited by shares in the year 1981. The Company is listed on Pakistan Stock Exchange Limited. Its main business activity is manufacturing, marketing and sale of cement.

2 Cherat Cement Company Limited

This Report is structured in way that the shareholders of the Company can get an insight of the affairs

as well as financial and business information of the Company. We always believe on the transparent disclosure of information and practices of the Company.

The Report covers the substantial aspects of the Company's Business and underlines the risk management framework, governance structure, corporate performance, future strategies, Directors' Report, Chairman's Review and other governance and policies. The Report also covers the Company's aim of aligning its business processes and activities with the United Nations Sustainability Development Goals (SDGs) and highlights its contributions towards each goal. The Company also explains its corporate social responsibility and its efforts towards it.

An integrated report is a concise communication about how an organization's strategy, governance, performance and prospects in context of its external environment lead to creation of value. Since the Company has adopted the International Integrated Reporting Framework therefore, the Report has also been prepared in accordance with the International Integrated (IR) Framework and

Global Reporting Initiative (GRI) in order to provide the stakeholders a transparent reflection of value creation ability, contributions and quality information of the Company. We consistently evaluate our processes and approach in order to meet the best practices in order to create sustainable value. The principal objective of the Report is adherence with the principles of inclusivity, materiality, responsiveness and evaluation against the elements of IR. The material presented in this report

is such a way that it enables the stakeholders to understand better. The Company also considers the importance and strengthening of this report in terms of information, connectivity and demonstration of results.

The Report also includes audited financial statements of the Company along with the Auditor's Report thereon. The Report consists the compliances, provisions and directives of the Companies Act, 2017, Code of Corporate Governance Regulations, 2019, Auditor's review report on compliance of such Regulations and International Financial Reporting Standards.

This Annual Report is available in both print and online form at www. gfg.com.pk/cccl/

Annual Report 2022

3

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Cherat Cement Company Ltd. published this content on 21 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2022 05:59:08 UTC.