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Vindhya Telelinks Ltd. — Environmental & Social Information 2023
Aug 16, 2023
62037_rns_2023-08-16_5bda931e-3c0d-4325-aab7-1193cad68927.pdf
Environmental & Social Information
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Vindhya Telelinks Limited
Regd. Office: Udyog Vihar, P.O. Chorhata, Rewa - 486 006 (M.P.), India Telephone No: (07662) 400400 * Fax No: (07662) 400591 Email: [email protected]; Website: www.vtlrewa.com PAN NO.AAACV7757J * CIN: L31300MP1983PLC002134
GSTIN: 23AAACV7757J1Z00
VTL/CS/23-24/Reg-34(2)(f) 16 AUG 2023
BSE Ltd. Corporate Relationship Department, 1[st] Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort, MUMBAI-400 001
The Manager, Listing Department, The National Stock Exchange of India Ltd, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), MUMBAI-400 051
Company’s Scrip Code: 517015
Company’s Scrip Code: VINDHYATEL
Dear Sirs,
Sub: Business Responsibility and Sustainability Report for the financial year 2022-23 pursuant to Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 _
Pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Business Responsibility and Sustainability Report (‘BRSR’) for the financial year 2022-23, which also forms part of the Annual Report of the Company for the financial year 2022-23.
This is for your information and records.
Thanking you,
Yours faithfully,
For Vindhya Telelinks Limited
DINESH Digitally signed by DINESH KAPOOR KAPOOR Date: 2023.08.16 13:36:15 +05'30' (Dinesh Kapoor) Company Secretary
Encl: As above
Works: i) Plot No.1, Udyog Vihar, P.O. Chorhata, Rewa-486006(M.P.) ii) Plot No.1-C & 1-D, Udyog Vihar, P.O. Chorhata, Rewa-486006(M.P.)
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MP BIRLA GROUP
BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT
[Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015]
This report has been prepared following the SEBI Guidelines for Business Responsibility and Sustainability Reporting (BRSR). Its primary objective is to demonstrate heightened transparency concerning the ways in which businesses generate value by actively contributing to a sustainable economy. The report underscores our unwavering commitment to creating long-term value for our stakeholders as we actively promote sustainable development.
SECTION A: GENERAL DISCLOSURES
I. DETAILS OF THE ENTITY
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Sl. Particulars Response
No.
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| Sl. No. |
Particulars | Response |
|---|---|---|
| 1. | Corporate identity Number (CIN) of the Entity | L31300MP1983PLC002134 |
| 2. | Name of the Entity | Vindhya Telelinks Limited |
| 3. | Year of incorporation | 1983 |
| 4. | Registered offce address | Udyog Vihar, P.O. Chorhata, Rewa– 486006 (M.P.), India |
| 5. | Corporate address | Commercial Plaza, 2ndFloor, Wing-B, Radisson Hotel, N.H-8, Mahipalpur, New Delhi – 110037, India |
| 6. | [email protected] | |
| 7. | Telephone | 07662400400 |
| 8. | Website | www.vtlrewa.com |
| 9. | Financial year for which reporting is being done | 2022-23 |
| 10. | Name of the Stock Exchange(s) where shares are listed | BSE Limited (BSE) National Stock Exchange of India Limited (NSE) |
| 11. | Paid-up Capital | 118,508,630 (Divided into 11850863 equity<br>shares of10/- each). |
| 12. | Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the BRSR report |
Shri Y.S. Lodha, Managing Director & CEO Phone: 011-45538800 e-mail: [email protected] |
| 13. | Reporting boundary - Are the disclosures under this report made on a standalone basis (i.e., only for the entity) or on a consolidated basis (i.e., for the entity and all the entities which form a part of its consolidated fnancial statements, taken together). |
The disclosures under this report are made on stand-alone basis, unless otherwise specifed. |
II. PRODUCTS/SERVICES
14. Details of business activities (accounting for 90% of the turnover):
| Sl. No. |
Description of Main Activity |
Description of Business Activity | % of Turnover of the entity |
|---|---|---|---|
| 1. | Manufacturing | Electrical equipment, General purpose and Special purpose Machinery & equipment, Transport equipment |
21.71% |
| 2. | Construction | Roads, Railways, Utility projects | 78.29% |
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15. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover):
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Sl. Product/Service NIC Code % of total Turnover
No. contributed
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|||||
|---|---|---|---|
|1.|Manufacturing of Telecommunication Cables including Jelly Filled Copper|31300;|21.71%|
|Cables, Optical Fibre Cables, Solar PV Cables, Railway Signalling and|33201|
|Quad Cables, Power Cables and other telecom fibre accessories.|
|2.|Engineering, Procurement & Construction (EPC) business in the key|45203;|78.29%|
|infrastructure sectors viz. Telecom, Power, Water Supply & Irrigation,|45204|
|Gas Pipeline and System Integration.|
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- Alphabetic Index 5 digit as prescribed by The Ministry of Statistics and Programme Implementation (MOSPI) in terms of Guidance Note on BRSR Reporting issued by SEBI.
III. OPERATIONS
1�. Number of locations where plants and/or operations/offices of the entity are situated:
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Location Number of plants Number of offices Total
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|||||
|---|---|---|---|
|National|Cable Business - 1|Cable Business - 2|3|
|EPC Business - 0|EPC Business - 8|8|
|International|Nil|Nil|Nil|
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17. Markets served by the entity:
(a) Number of locations
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Locations Number
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|||
|---|---|
|National (No. of States)|The Cable Business Segment serves a total of 28 states and 3 Union territories within|
|the country, while the EPC Business Segment at present operates in 19 states and 4|
|Union Territories across the nation.|
|It demonstrate a strong presence in the national market, catering to a significant|
|number of states and contributing to the entity’s overall market reach domestically.|
|International (No. of Countries)|At the international level, the Cable Business Segment extends its services to 23|
|countries.|
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(b) Contribution of exports:
What is the contribution of exports as a percentage of the total turnover of the entity�
4.52%
(c) Type of Customers
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|||
|---|---|
|A brief on|The Company operates in two Business Segments, namely Cable manufacturing and EPC|
|types of|(Engineering, Procurement, and Construction).|
|customers|Cable Manufacturing:|
|Our Company is dedicated to supplying high-quality Telecom and Power Cables to various customers|
|consisting of different Government Departments, including BSNL (Bharat Sanchar Nigam Limited)|
|and APSFL (Andhra Pradesh State FiberNet Limited) and private sector telecom Companies such as|
|Bharti Airtel, Reliance Jio etc., who rely on our cables for their communication infrastructure needs.|
|We are proud to be a trusted supplier to these esteemed government organizations.|
|In addition to government departments, we also cater to the requirements of the Railways. Our cables|
|play a crucial role in ensuring efficient and reliable communication and power transmission within the|
|vast railway network. By providing cables specifically designed for railway applications, we contribute|
|to the smooth functioning of the transportation system.|
|Telecom Operators form another significant customer segment for our Cable Business. We|
|understand the importance of seamless connectivity in today’s digital age, and we supply top-notch|
|cables that enable telecom operators to deliver reliable voice and data services to their customers.|
|Our cables undergo rigorous testing to meet the stringent standards set by the industry.|
|Furthermore, we are actively involved in the renewable energy sector by supplying Solar DC|
|Cables. These cables are essential components of solar power installations and enable the efficient|
|transmission of direct current generated from solar panels. By serving the renewable energy industry,|
|we contribute to the growth of sustainable and clean energy sources.|
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Engineering, Procurement, and Construction:
EPC (Engineering, Procurement, and Construction) Business Segment boasts an impressive customer base encompassing various sectors.
We are proud to be associated with the Central and State Government bodies, as our Company has successfully bid for and won several contract / tenders. The trust placed in us by government organizations highlights our ability to deliver on large-scale projects and meet stringent quality standards. Through our partnership with the government, we contribute to the development and modernization of public infrastructure in the country.
Public Sector Undertakings also form an integral part of our customer base. These organizations, which play a vital role in various sectors such as telecom, water, irrigation, power, oil and gas, system integration etc. rely on our expertise for their engineering and construction needs. We collaborate closely with public sector undertakings to ensure the successful execution of their projects.
Additionally, we serve Private Sector Corporates, catering to their diverse engineering and construction requirements. We offer customized solutions that meet the specific needs of private sector companies, enabling them to enhance their operational efficiency and achieve their project goals.
Under the Company’s IP-1 license for establishing a comprehensive optical fibre cable network, numerous telecom operators have been reliant on the network infrastructure developed by the Company. The network has been gradually expanded to encompass new geographical areas within India, thereby extending its coverage.
We are committed to delivering exceptional products and services to our valued customers and establishing long-term partnerships based on trust and mutual success.
IV. EMPLOYEES
18. Details at the end of the year of financial year:
- (a) Employees and workers (including differently abled):
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Sl. Particulars Total (A) Male Female
No
No. (B) % (B / A) No. (C) % (C / A)
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| Sl. No |
Particulars | Total (A) | Male | Male | Female | Female |
|---|---|---|---|---|---|---|
| No. (B) | % (B / A) | No. (C) | % (C / A) | |||
| Employees | ||||||
| 1. | Permanent (D) | 341 | 336 | 98.53% | 5 | 1.47% |
| 2. | Other than Permanent (E) | 1456 | 1433 | 98.42% | 23 | 1.58% |
| 3. | Total employees (D + E) | 1797 | 1769 | 98.44% | 28 | 1.56% |
| Workers | ||||||
| 1. | Permanent (F) | 104 | 104 | 100% | Nil | 0% |
| 2. | Other than Permanent (G) | 147 | 147 | 100% | Nil | 0% |
| 3. | Total workers (F + G) | 251 | 251 | 100% | Nil | 0% |
(b) Differently abled Employees and workers:
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Sl. Particulars Total (A) Male Female
No
No. (B) % (B / A) No. (C) % (C / A)
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| Sl. No |
Particulars | Total (A) | Male | Male | Female | Female |
|---|---|---|---|---|---|---|
| No. (B) | % (B / A) | No. (C) | % (C / A) | |||
| Differently Abled Employees | ||||||
| 1. | Permanent (D) | 1 | 1 | 100% | 0 | 0% |
| 2. | Other than Permanent (E) | 0 | 0 | 0% | 0 | 0% |
| 3. | Total employees (D + E) | 1 | 1 | 100% | 0 | 0% |
| Differently Abled Workers | ||||||
| 1. | Permanent (F) | 0 | 0 | 0% | 0 | 0% |
| 2. | Other than Permanent (G) | 0 | 0 | 0% | 0 | 0% |
| 3. | Total workers (F + G) | 0 | 0 | 0% | 0 | 0% |
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19. Participation/Inclusion/Representation of women:
| Category | Total (A) | No. and percentage of Females |
No. and percentage of Females |
|---|---|---|---|
| No. (B) | % (B / A) | ||
| Board of Directors | 10 | 2 | 20% |
| Key Management Personnel | 3 | 0 | 0% |
20. Turnover rate for permanent employees and workers:
(Disclose trends for the past 3 years)
| Category | FY 2022-23 (Turnover rate in current FY) |
FY 2022-23 (Turnover rate in current FY) |
FY 2022-23 (Turnover rate in current FY) |
FY 2021-22 (Turnover rate in previous FY) |
FY 2021-22 (Turnover rate in previous FY) |
FY 2021-22 (Turnover rate in previous FY) |
FY 2020-21 (Turnover rate in the year prior to the previous FY) |
FY 2020-21 (Turnover rate in the year prior to the previous FY) |
FY 2020-21 (Turnover rate in the year prior to the previous FY) |
|---|---|---|---|---|---|---|---|---|---|
| Male | Female | Total | Male | Female | Total | Male | Female | Total | |
| Permanent Employees | 3.17% | Nil | 3.17% | 0.80% | Nil | 0.80% | 1.30% | Nil | 1.30% |
| Permanent Workers | 1.58% | Nil | 1.58% | Nil | Nil | Nil | Nil | Nil | Nil |
V. HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES (INCLUDING JOINT VENTURES)
21. Names of holding / subsidiary / associate companies / joint ventures:
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Sl. Name of the holding / Indicate whether % of shares held Does the entity indicated at
No. subsidiary / associate holding/ Subsidiary/ by listed entity column A, participate in the
companies / joint ventures Associate/ Joint Business Responsibility initiatives
(A) Venture of the listed entity? (Yes/No)
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| Sl. No. |
Name of the holding / subsidiary / associate companies / joint ventures (A) |
Indicate whether holding/ Subsidiary/ Associate/ Joint Venture |
% of shares held by listed entity |
Does the entity indicated at column A, participate in the Business Responsibility initiatives of the listed entity? (Yes/No) |
|---|---|---|---|---|
| 1. | August Agents Limited | Subsidiary | 100.00 | No |
| 2. | Insilco Agents Limited | Subsidiary | 100.00 | No |
| 3. | Laneseda Agents Limited | Subsidiary | 100.00 | No |
| 4. | Birla Visabeira Private Limited | Joint Venture | 40.00 | No |
| 5. | Punjab Produce Holdings Limited |
Associate | 48.00 | No |
| 6. | Universal Cables Limited | Associate | 23.85 | No |
| 7. | Birla Corporation Limited | Associate | 8.29 | No |
VI. CORPORATE SOCIAL RESPONSIBILITY (CSR) DETAILS
22.
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Sl. Requirement Response
No.
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| Sl. No. |
Requirement | Response |
|---|---|---|
| 1. | Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No) | Yes |
| Financial year 2021-22 | ||
Turnover (inLakhs)||1,32,394.90 |
||
Net worth (inLakhs)||93,838.92 |
||
| Financial year 2022-23 | ||
Turnover (inLakhs)||2,90,011.06 |
||
Net worth (inLakhs)||1,08,153.24 |
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VII. TRANSPARENCY AND DISCLOSURES COMPLIANCES
23. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:
| Stakeholder group from whom complaint is received |
Grievance Redressal Mechanism in Place (Yes/No) (If yes, then provide web-link for grievance redress policy) |
FY 2022-23 Current Financial Year |
FY 2022-23 Current Financial Year |
FY 2022-23 Current Financial Year |
FY 2021-22 Previous Financial Year |
FY 2021-22 Previous Financial Year |
FY 2021-22 Previous Financial Year |
|---|---|---|---|---|---|---|---|
| Number of complaints fled during the year |
Number of complaints pending resolution at close of the year |
**Remarks ** |
Number of complaints fled during the year |
Number of complaints pending resolution at close of the year |
Remarks |
||
| Communities | Yes* | 0 | 0 | - | 0 | 0 | - |
| Investors (including Shareholders) |
Yes https://www.vtlrewa.com/investors-services.html |
4 | 0 | - | 1 | 0 | - |
| Employees and workers |
Yes* | 0 | 0 | - | 0 | 0 | - |
| Customers | Yes* | 0 | 0 | - | 0 | 0 | - |
| Value Chain Partners |
Yes* | 0 | 0 | - | 0 | 0 | - |
| Other (please specify) |
- | - | - | - | - | - | - |
- The Company has formulated a comprehensive Stakeholder Management Policy to establish a structured framework for addressing concerns and grievances raised by both internal and external stakeholders. This policy has been devised to proactively mitigate any potential social risks that could adversely affect the business operations.
In line with the policy, the Company places great emphasis on maintaining the highest level of confidentiality when managing grievances, thereby minimizing conflicts and nurturing robust stakeholder relationships. Stakeholders are strongly encouraged to utilize the dedicated redressal channel outlined in the policy, especially when alternative mechanisms are not accessible to them.
For further details, the Stakeholder Management Policy can be accessed via the following web link: https://www.vtlrewa.com/pdf/Stakeholder-Management-Policy.pdf.
24. Overview of the entity’s material responsible business conduct issues:
Please indicate material responsible business conduct and sustainability issues pertaining to environmental and social matters that present a risk or an opportunity to your business, rationale for identifying the same, approach to adapt or mitigate the risk along-with its financial implications, as per the following format:
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| Financial implications of the risk or opportunity (Indicate positive or negative implications) |
NEGATIVE The fnancial implications of the identifed risk include potential negative impacts such as increased costs for addressing environmental issues, potential fnes or penalties for non- compliance with regulations, and potential legal expenses. These fnancial implications can lead to a decrease in proftability and cash fow if adequate measures are not taken to manage and mitigate environmental risks. POSITIVE Implementing sustainable construction practices and effectively managing environmental risks can enhance the Company’s reputation and attractiveness to environmentally conscious clients and partners. This can lead to increased business opportunities, a competitive edge in obtaining new projects, and potentially higher project value. Additionally, proactive engagement with stakeholders and investment in research and innovation can drive effciency, cost savings, and long-term fnancial sustainability. |
POSITIVE By enhancing overall energy effciency, the Company can reduce energy consumption and associated costs, leading to potential cost savings and improved proftability. Diversifying energy sources and accessing alternative and renewable energy can also contribute to long- term fnancial sustainability by mitigating the risks of energy price fuctuations and reducing reliance on conventional energy sources. Additionally, investing in renewable energy initiatives, such as the rooftop solar power plant, may provide opportunities for incentives, subsidies, and long-term cost savings through reduced energy bills. Overall, effective energy management can positively impact the Company’s fnancial performance and enhance its competitive position in the market. |
|---|---|---|
| In case of risk, approach to adapt or mitigate |
The Company is actively mitigating the risk associated with footprints of operations by implementing robust environmental management systems, conducting regular assessments, and adopting sustainable practices. Through responsible resource consumption, waste reduction initiatives, and stakeholder engagement, the Company strives to minimize its environmental impact, protect local ecosystems, and ensure the well- being of surrounding communities. |
- |
| Rationale for identifying the risk / opportunity |
RISK The Company’s only limited activities pose risks to the local environment and surrounding communities, including biodiversity impacts, emissions into the air, water discharges, natural resource consumption, and waste generation. Managing and accessing these environmental risks are crucial to avoid potential legal and reputational issues. OPPORTUNITY There are opportunities for the Company to address these risks and enhance its reputation by implementing sustainable construction practices, conducting comprehensive environmental impact assessments, engaging stakeholders, and investing in innovation and research. By embracing these opportunities, the Company can minimize negative environmental impacts, comply with regulations, and position itself as a responsible and sustainable leader in the industry |
The identifcation of energy management as an opportunity for the Company stems from the potential benefts of enhancing overall energy effciency, diversifying energy sources, and accessing alternative and renewable energy. By implementing energy-effcient technologies and systems, the Company can reduce costs, improve operational effciency, and mitigate the risks associated with energy price fuctuations. Furthermore, the installation of a rooftop solar power plant demonstrates the Company’s commitment to renewable energy, which not only reduces dependence on conventional sources but also aligns with sustainability goals. Embracing energy management as an opportunity can enhance competitiveness, contribute to a greener future, and strengthen the Company’s environmental stewardship. |
| Indicate whether risk or opportunity (R/O) |
Risk & Opportunity |
Opportunity |
| Material issue identifed |
Footprint of operations |
Energy Management |
| Sl. No. |
1. | 2. |
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| Financial implications of the risk or opportunity (Indicate positive or negative implications) |
POSITIVE By minimizing waste generation and promoting resource effciency, the Company can reduce waste disposal costs, optimize material usage, and potentially generate revenue through the sale of reusable materials. Furthermore, complying with regulatory requirements mitigates the risk of fnes and legal liabilities, while demonstrating a commitment to sustainable practices can enhance the Company’s reputation, attract environmentally conscious clients, and contribute to long-term fnancial sustainability. |
NEGATIVE Negative impacts such as community dissatisfaction, legal issues, and reputational damage can result in increased costs, potential litigation expenses, and a loss of business opportunities. Additionally, addressing environmental and social impacts may require additional investments in mitigation measures, potentially impacting proftability and cash fow in the short term. POSITIVE By prioritizing community engagement, respecting human rights, and obtaining a social license to operate, the Company can beneft from enhanced reputation and community support. This can lead to increased customer loyalty, attracting socially conscious investors, and opening doors to potential partnerships and business collaborations. The positive fnancial implications may include improved long-term proftability, access to new markets, and cost savings through streamlined operations and reduced conficts with local communities. |
|---|---|---|
| In case of risk, approach to adapt or mitigate |
- | The Company is committed to mitigating the risk associated with Community Development by promoting community development, respecting human rights, and fostering strong community relations, the Company aims to build trust, enhance its social license to operate, and create shared value for both the Company and the communities it serves. |
| Rationale for identifying the risk / opportunity |
The Company has categorized waste management as an opportunity by implementing responsible waste management practices, such as minimizing waste generation and ensuring environmentally responsible disposal. Through meticulous waste segregation, reuse of materials within its operations, and responsible disposal through approved vendors, the Company aims to minimize its environmental footprint, conserve resources, and comply with regulatory requirements. This commitment to sustainable waste management not only reduces potential negative impacts but also presents opportunities for cost savings, resource effciency, and enhanced environmental stewardship. |
The categorization of Community Development (Human Rights & Community Relations) as both a risk and an opportunity stem from the potential impacts of the Company’s long-term construction activities on local communities. Risks include community dissatisfaction and potential legal issues arising from environmental and social impacts. On the other hand, the opportunity lies in engaging with stakeholders and prioritizing community interests to foster positive relationships, obtain a social license to operate, enhance the Company’s reputation, and drive long-term business sustainability. |
| Indicate whether risk or opportunity (R/O) |
Opportunity | Risk & Opportunity |
| Material issue identifed |
Waste Management |
Community Development |
| Sl. No. |
3. | 4. |
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| Financial implications of the risk or opportunity (Indicate positive or negative implications) |
NEGATIVE Workplace accidents and injuries can result in increased costs, including medical expenses, compensation claims, potential legal liabilities, and regulatory fnes. Additionally, such incidents can lead to project delays, increased insurance premiums, and reputational damage, impacting the Company’s proftability and hindering its ability to secure future projects |
POSITIVE By strategically selecting suppliers with lower carbon footprints and incorporating sustainable practices, the Company can potentially reduce costs associated with energy consumption, waste management, and compliance with environmental regulations. Furthermore, meeting the growing demand for sustainable products and services can open new market opportunities, attract environmentally conscious customers, and strengthen the Company’s competitive position. Additionally, a positive environmental reputation can enhance brand value and customer loyalty, leading to increased sales and long-term fnancial sustainability. |
|---|---|---|
| In case of risk, approach to adapt or mitigate |
The Company prioritizes workforce health and safety by implementing comprehensive safety protocols, providing regular training programs, and fostering a strong safety culture. By conducting risk assessments, ensuring compliance with occupational health and safety regulations, and continuously monitoring and improving safety practices, the Company aims to protect the well-being of its employees. Through these efforts, the Company seeks to minimize accidents, injuries, and fatalities, creating a safe and healthy work environment while enhancing employee morale, productivity, and retention. |
- |
| Rationale for identifying the risk / opportunity |
The categorization of Workforce Health and Safety as a risk is based on the high fatality and injury rates in the EPC industry compared to other sectors, as well as the increased vulnerability of temporary workers due to lack of training and experience. Failing to effectively manage these risks can result in human suffering, legal liabilities, and fnancial costs. |
The categorization of Materials Sourcing as an opportunity is based on the potential to reduce direct and indirect greenhouse gas emissions and integrate value chain partner considerations effectively into the Company’s business strategy. By strategically selecting suppliers with lower carbon footprints, promoting sustainable practices, and incorporating responsible supply chain management, the Company can enhance its environmental reputation, attract environmentally conscious customers, and meet the growing demand for sustainable products and services. This opportunity aligns with environmental sustainability goals, enhances operational effciency, and positively impacts the Company’s long-term fnancial performance. |
| Indicate whether risk or opportunity (R/O) |
Risk | Opportunity |
| Material issue identifed |
Workforce Health and Safety |
Materials Sourcing |
| Sl. No. |
5. | 6. |
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| Financial implications of the risk or opportunity (Indicate positive or negative implications) |
NEGATIVE Failure to effectively address business continuity risks and enhance system resilience can result in signifcant fnancial losses due to operational disruptions, increased costs for remediation and recovery, and potential reputational damage. Additionally, the lack of preparedness for high-impact disruptions may lead to lost business opportunities, customer dissatisfaction, and potential legal liabilities, further impacting the Company’s fnancial performance. |
POSITIVE Embracing product and process innovation in the adoption of sustainable construction methods can have positive fnancial implications for the Company. By using renewable and recyclable materials, reducing energy consumption, minimizing waste, and implementing innovative solutions, the Company can achieve cost savings through improved resource effciency, reduced operational expenses, and decreased waste disposal costs. Moreover, the positive environmental reputation gained through these innovations can attract environmentally conscious customers, enhance brand value, and open new market opportunities, leading to increased sales, customer loyalty, and long- term fnancial sustainability. |
|---|---|---|
| In case of risk, approach to adapt or mitigate |
The Company is dedicated to mitigating systematic risks by implementing robust risk management strategies and processes. Through proactive identifcation, assessment, and monitoring of potential risks, the Company aims to minimize the impact of high-impact disruptions on its operations. By establishing business continuity plans, implementing effective crisis management protocols, and fostering a culture of risk awareness and preparedness, the Company seeks to enhance its resilience and ensure the continuity of its operations. These systematic risk management efforts not only protect the Company’s fnancial performance but also contribute to its long-term sustainability and ability to secure new projects with confdence. |
- |
| Rationale for identifying the risk / opportunity |
The categorization of Systematic Risk Management as a risk is based on the need for the Company to successfully implement measures to address business continuity risks and enhance system resilience. Failure to effectively manage these risks can lead to operational disruptions, fnancial losses, and reputational damage. Although implementing such measures may incur upfront costs, the Company is likely to beneft from lower remediation expenses in the long term, as proactive risk management enhances operational effciency, risk mitigation capabilities, and business continuity during high-impact disruptions. |
The categorization of Product and Process Innovation as an opportunity is based on the potential to adopt sustainable construction methods that reduce the Company’s environmental impact. By utilizing renewable and recyclable materials, minimizing embodied energy, reducing energy consumption, minimizing waste, and protecting natural habitats, the Company can enhance its environmental stewardship and reputation. Additionally, embracing innovative solutions and alternative strategies refects a commitment to social and environmental responsibility, attracting conscious consumers, and gaining a competitive edge in the market. Overall, product and process innovation offer the Company a chance to align its operations with sustainability goals, drive positive change, and capitalize on the growing demand for sustainable practices. |
| Indicate whether risk or opportunity (R/O) |
Risk | Opportunity |
| Material issue identifed |
Systematic Risk Management |
Product and Process Innovation |
| Sl. No. |
7. | 8. |
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| Financial implications of the risk or opportunity (Indicate positive or negative implications) |
NEGATIVE Instances of bribery, corruption, and anti- competitive practices can result in fnancial penalties, legal costs, and reputational damage. These negative outcomes can lead to loss of business opportunities, customer distrust, reduced market share, and potential legal liabilities, all of which can signifcantly impact the Company’s fnancial performance and long-term sustainability. POSITIVE Effectively managing and prioritizing business integrity and ethics can have positive fnancial implications for the Company. By establishing an ethical culture, implementing robust governance structures, and maintaining strong internal controls, the Company can minimize the fnancial risks associated with unethical practices. This includes avoiding legal penalties, reputational damage, and loss of business opportunities. Moreover, a strong commitment to business integrity and ethics can enhance the Company’s reputation, attract ethical business partners and investors, and foster customer loyalty, resulting in increased sales, market share, and long-term fnancial sustainability. |
|---|---|
| In case of risk, approach to adapt or mitigate |
The Company places a strong emphasis on business integrity and ethics by adhering to high ethical standards and promoting a culture of honesty and transparency. By implementing robust governance structures, conducting regular ethics training, and enforcing strict compliance measures, the Company strives to prevent bribery, corruption, and anti-competitive practices. Through these efforts, the Company aims to safeguard its reputation, maintain the trust of stakeholders, and ensure long-term sustainability. By prioritizing business integrity and ethics, the Company not only mitigates legal and reputational risks but also fosters a positive working environment and fosters strong relationships with customers, suppliers, and partners. |
| Rationale for identifying the risk / opportunity |
The categorization of Business Integrity and Ethics as a risk is based on the Company’s exposure to various risks related to bribery, corruption, and anti-competitive practices. Either in the Manufacturing operations or in the EPC, the Company is entangled into managing complexities arising out due to multiple local agents and subcontractors, the complications of project fnancing and project permitting, the magnitude of the contracts. |
| Indicate whether risk or opportunity (R/O) |
Risk |
| Material issue identifed |
Business Integrity and Ethics |
| Sl. No. |
9. |
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SECTION B: MANAGEMENT AND PROCESS DISCLOSURES
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Sl. Disclosure Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
No
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| Sl. No |
Disclosure Questions | P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 |
|---|---|---|---|---|---|---|---|---|---|---|
| Policy and management processes | ||||||||||
| 1. | (a) Whether your entity’s policy/ policies cover each principle and its core elements of the NGRBCs. (Yes/No) |
Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| (b) Has the policy been approved by the Board? (Yes/No) |
Yes | No | No | Yes | No | No | Yes | Yes | No | |
| Particulars of the Policies | Anti-Corruption or Anti- Bribery Policy |
Sourcing with Human Dignity Policy |
Non-Discrimination, Diversity and Equal Opportunity Policy |
Stakeholder Management Policy |
Modern Slavery Policy, Human Dignity Policy |
Sustainability Policy | Policy on Responsible Advocacy |
Corporate Social Responsibility Policy |
Information Security Management System Policy |
|
| (c) Web Link of the Policies, if available |
https://www.vtlrewa.com/pdf/Anti-Bribery-and-Anti-Corruption-Policy.pdf | https://www.vtlrewa.com/pdf/VTL-Sourcing-with-Human-Dignity.pdf | https://www.vtlrewa.com/pdf/Non-Discrimination-Diversity-and-Equal-Opportunity-Policy.pdf | https://www.vtlrewa.com/pdf/Stakeholder-Management-Policy.pdf | https://www.vtlrewa.com/pdf/VTL-Modern-Slavery-Policy.pdf https://www.vtlrewa.com/pdf/VTL-Human-Dignity-Policy.pdf |
https://www.vtlrewa.com/pdf/VTL-sustainability-policy.pdf | https://www.vtlrewa.com/pdf/Policy-on-Responsible-Advocacy.pdf | https://www.vtlrewa.com/Policies/CSR.pdf | https://www.vtlrewa.com/ISMS-Policy.pdf | |
| 2. | Whether the entity has translated the policy into procedures. (Yes / No) |
Yes, the Company has translated the policy into procedures. These procedures outline the specifc steps and actions required to implement the policies effectively. The Company ensures clarity and provides a practical framework for employees to follow. This translation promotes consistency and reduces ambiguity, ensuring that the policies are applied consistently throughout the organization. |
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| MP BIRLA GROUP |
VTL | |
|---|---|---|
| 3. | Do the enlisted policies extend to your value chain partners? (Yes/No) |
Yes, the policies of the Company extend to its value chain partners whenever appropriate and feasible. The Company understands the signifcance of aligning policies with its partners to ensure consistency and shared standards. The Company also considers entering into an ‘Integrity Pact’ with key Vendors/Partners as deemed necessary. By fostering collaboration and upholding common values, the Company promotes a responsible and harmonious business ecosystem for all stakeholders involved. |
| 4. | Name of the national and international codes/certifcations/labels/standards (e.g., Forest Stewardship Council, Fairtrade, Rainforest Alliance, Trustea) standards (e.g. SA 8000, OHSAS, ISO, BIS) adopted by your entity and mapped to each principle. |
The Company is having various management system certifcations, BIS Licences and Other Product Certifcation. � Management Systems: 1. ISO 9001 : 2015 - Quality Management Systems 2. TL 9000 (R 6.3 / 5.7H) - Quality Management Systems for International Telecommunications Industry 3. ISO/TS 22163 : 2017 - Quality Management Systems for International Rail Industry 4. ISO 14001 : 2015 - Environment Management Systems 5. ISO 45001 : 2018 - Occupational Health and Safety Management Systems 6. ISO 27001 : 2013 - Information Security Management Systems 7. ISO 22301 : 2019 - Business Continuity Management Systems � BIS Licences: 1. BIS License for LT Power and Control Cables as per IS 1554 (Pt-1) : 1988 2. BIS License for LT PVC Insulated Flexible Cables & Cords as per IS 694: 2010 3. BIS License for LT XLPE Insulated Power Cables per IS 7098 (Pt-1): 1988 4. BIS License for XLPE Insulated Power Cables for working voltages from 3.3 kV Up to and incl. 33 kV as per IS 7098 (Pt-2): 2011 � Other Product Certifcations: 1. Solar PV Cable (As per EN 50618:2014) (E-Beam Crosslinkable Cable) from TUV Rheinland 2. Electric cables for photovoltaic systems with a voltage rating of 1.5 kV DC (As per IEC 62930:2017) from TUV Rheinland |
| 5. | Specifc commitments, goals and targets set by the entity with defned timelines, if any. |
During the fnancial year 2022-23, the Company has set several goals to enhance its sustainability efforts and overall corporate social responsibility. These goals include: 1. Establishing and maintaining systematic sustainability databases:The Company plans to develop comprehensive databases to effectively track and manage sustainability-related data. These databases will ensure smooth reporting in the future and enable the Company to measure its progress towards sustainability goals. 2. Reducing electricity consumption from the grid:The Company aims to reduce its reliance on grid electricity by a certain percentage. This reduction could be achieved through various means such as implementing energy- effcient technologies, optimizing energy usage, and exploring renewable energy sources. 3. Monitoring and evaluating E, S, & G parameters:The Company intends to actively monitor and evaluate the performance and risks associated with Environmental (E), Social (S), and Governance (G) parameters. This helps the Company identify areas for improvement and mitigate risks associated with sustainability issues. 4. Strengthening the training division and educating employees:The Company plans to enhance its training division to educate all employees and workers on issues related to Environmental, Social, and Governance (E,S&G) practices. By March, 2024, all employees will receive training on the actions and initiatives undertaken by the organization to address these issues effectively. |
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| MP BIRLA GROUP |
VTL | |
|---|---|---|
| 5. CO2 Emission Reduction in Construction Activities:To accomplish this goal, we are committed to adopting and deploying state-of-the-art technologies, practices, and processes that effectively mitigate the release of CO2 during our construction operations. Our focus is on utilizing the best available means to signifcantly reduce the environmental impact associated with our activities, thus contributing to the global efforts towards carbon footprint reduction and environmental sustainability. By prioritizing the reduction of CO2 emissions, we aim to demonstrate our dedication to responsible environmental stewardship in all aspects of our operations. 6. Ensuring Full Compliance with Policies and Zero Tolerance for Bribery and Unethical Practices:The Company upholds the highest ethical standards, maintaining zero tolerance for bribery and unethical practices. We have implemented stringent policies, rigorous training, and regular monitoring to ensure compliance across all levels. Our commitment to integrity and fair practices fosters trust among stakeholders, as we strive to be an industry role model for ethical business conduct. These goals collectively refect the Company’s commitment to sustainable practices, social responsibility, and the continuous improvement of its environmental, social, and governance performance. |
||
| 6. | Performance of the entity against the specifc commitments, goals and targets along-with reasons in case the same are not met |
The Company has set specifc commitments, goals and targets during the period 2022-23, hence the performance of the Company against the specifc commitments, goals and targets along with reasons will be reported next year. |
| Governance, leadership and oversight | ||
| 7. | Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements |
“As the Director responsible for business responsibility at VTL, I am honoured to provide an update on our Company’s progress in addressing key Environmental, Social, and Governance (ESG) challenges. Today, I am proud to share that our c���i��en� �� ����aina�ili�� ha� le� �� �i�nifcan� a��ance�en�� in ��r ��era�i�n�� positively impacting the environment, our stakeholders, and the communities we serve. Despite the ongoing challenges presented by the global pandemic, we have successfully achieved important milestones in various areas. Through our unwavering dedication to ESG principles, we have notably reduced our carbon footprint, ensuring a more sustainable future. Furthermore, we have actively engaged and invested in local communities through comprehensive Corporate Social Responsibility (CSR) framework that encompasses a range of focus areas viz. animal welfare, promoting healthcare, sanitation facilities, special education including employment enhancing vocational skills. By investing in these crucial areas, we actively contribute to the well-being of our planet and society. �e fr�l� �elie�e in �he i���r�ance �f c�n�in���� i��r��e�en�� �hich i� �h� we are setting new targets for the future. Our ultimate aspiration is to become a leading force in sustainability, not only within our industry but across all sectors. By exemplifying best practices in ESG, we aim to inspire positive change and be recognized as pioneers in creating a better world. Our Company has a comprehensive Corporate Social Responsibility (CSR) framework that encompasses a range of focus areas. These include animal welfare, promoting preventive healthcare and sanitation facilities, ensuring environmental sustainability, disaster management, and relief and rehabilitation activities. By investing in these crucial areas, we actively contribute to the well-being of our planet and society. To ensure the safety and well-being of our employees, we have implemented a robust system that covers all aspects of our operations. This system includes health an� �afe�� �rainin�� ha�ar� i�en�ifca�i�n� ri�� a��e���en�� inci�en� re��r�in�� an� ongoing monitoring and improvement. Our goal is to provide a secure and healthy work environment, in compliance with relevant regulations and standards, and empower our employees to report any potential risks or hazards. |
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| MP BIRLA GROUP |
VTL | |
|---|---|---|
| Moreover, we recognize the importance of stakeholder engagement and have developed a comprehensive framework to facilitate this process. This framework c�n�i�er� ���h �he in�ere��� an� in��ence �f ��r ��a�eh�l�er�� �� anal��in� fac��r� ��ch a� �e�en�enc�� re���n�i�ili��� a��en�i�n� an� in��ence� �e i�en�if� an� en�a�e with stakeholders in a manner that fosters meaningful dialogue and collaboration. Additionally, our commitment to good corporate governance practices is unwavering. We have assembled a team of exceptional Directors who serve on various committees, including CSR, Audit, Nomination and Remuneration Committee, Stakeholder’s Relationship Committee, and Risk Management Committee. Their expertise and guidance ensure that our operations align with the highest standards of accountability, transparency, and ethical conduct. I am immensely proud of the progress we have made in our ESG endeavours. Our Company remains steadfast in its dedication to continuously improve our performance and set new benchmarks for the future. By prioritizing sustainability, engaging with stakeholders, and upholding good corporate governance practices, we strive to make a positive and lasting impact on our environment, society, and the lives of our employees.” - Y.S. Lodha (Managing Director & CEO) |
||
| 8. | Details of the highest authority responsible for implementation and oversight of the Business Responsibility policy(ies). |
The highest authority responsible for the implementation and oversight of the Business Responsibility policies has been given to Shri Y.S. Lodha (DIN: 00052861), the Managing Director and Chief Executive Offcer of the Company. Further, he is accountable for implementing policies and making decisions on sustainability- related issues. |
| 9. | Does the entity have a specifed Committee of the Board/ Director responsible for decision making on sustainability related issues? (Yes / No). If yes, provide details. |
10. Details of Review of NGRBCs by the Company:
| Subject for Review | Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee |
Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee |
Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee |
Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee |
Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee |
Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee |
Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee |
Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee |
Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee |
Frequency (Annually/ Half yearly/ Quarterly/ Any other – please specify) |
Frequency (Annually/ Half yearly/ Quarterly/ Any other – please specify) |
Frequency (Annually/ Half yearly/ Quarterly/ Any other – please specify) |
Frequency (Annually/ Half yearly/ Quarterly/ Any other – please specify) |
Frequency (Annually/ Half yearly/ Quarterly/ Any other – please specify) |
Frequency (Annually/ Half yearly/ Quarterly/ Any other – please specify) |
Frequency (Annually/ Half yearly/ Quarterly/ Any other – please specify) |
Frequency (Annually/ Half yearly/ Quarterly/ Any other – please specify) |
Frequency (Annually/ Half yearly/ Quarterly/ Any other – please specify) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | |
| Performance against above policies and follow up action |
Yes, performance review was undertaken by Board of Directors. |
Annually | ||||||||||||||||
| Compliance with statutory requirements of relevance to the principles, and, rectifcation of any non- compliances |
Yes, the Company comply with statutory requirements relevant to the principles with regard to Statutory requirements and review was undertaken by the Board of Directors. |
Annually |
11. Independent assessment/ evaluation of the working of its policies by an external agency:
| Has the entity carried out independent assessment/ evaluation of the working of its policies by an external agency? (Yes/No). If yes, provide name of the agency. |
P1 |
P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 |
|---|---|---|---|---|---|---|---|---|---|
The Company has not undertaken any external assessment or evaluation of the effectiveness of its policies. However, an extensive internal management evaluation process is in place to thoroughly assess all policies. Subsequently, the Board of Directors approves these policies based on the outcomes of the evaluation. |
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12. If answer to question (1) above is “No” i.e., not all Principles are covered by a policy, reasons to be stated:
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Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
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| Questions | P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 |
|---|---|---|---|---|---|---|---|---|---|
| The entity does not consider the principles material to its business (Yes/No) | - | - | - | - | - | - | - | - | - |
| The entity is not at a stage where it is in a position to formulate and implement the policies on specifed principles (Yes/No) |
- | - | - | - | - | - | - | - | - |
The entity does not have the fnancial or/human and technical resources available for the task (Yes/No) |
- | - | - | - | - | - | - | - | - |
| It is planned to be done in the next fnancial year (Yes/No) | - | - | - | - | - | - | - | - | - |
Any other reason (please specify) |
- | * | * | - | * | * | - | - | * |
-
These policies have been embedded into the systems and procedures followed by the Company for a considerable period of
-
time. It is imperative to emphasize that strict adherence to these procedures is enforced to enhance operational efficiency and ensure the achievement of a sustainable business model.
SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURE
The purpose of this section is to assist organizations in showcasing their proficiency in integrating principles and core elements into critical processes and decisions. The Company has duly provided all mandatory disclosures as per the BRSR framework. Efforts are underway to disclose leadership indicators for forthcoming fiscal years.
PRINCIPLE 1: BUSINESSES SHOULD CONDUCT AND GOVERN THEMSELVES WITH INTEGRITY, AND IN A MANNER THAT IS ETHICAL, TRANSPARENT AND ACCOUNTABLE
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ESSENTIAL INDICATORS:
1. Percentage coverage by training and awareness programmes on any of the Principles during the financial year:
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Segment Total number Topics / principles covered under the training and % age of persons
of training and its impact in respective
awareness category covered
programmes held by the awareness
programmes
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| Segment | Total number of training and awareness programmes held |
Topics / principles covered under the training and its impact |
% age of persons in respective category covered by the awareness programmes |
|---|---|---|---|
| Board of Directors | 1 | BRSR Awareness Program | 80% |
| Key Managerial Personnel | 1 | BRSR Awareness Program | 100% |
| Employees other than BOD and KMPs |
Cable Business: 18 |
Awareness of ISO 45001, BCMS, ISMS, MSA. Training on Health & Wellbeing, Basic First Aid and Safety. |
100% |
| EPC Business: 4 |
i.Awareness of Integrated Management. requisite based on QMS (ISO 9001:2015), EMS (45001:2018) HSE (ISO 14001:2018) |
50% | |
| 52 | ii.Training on Health & Wellbeing, Basic First Aid and Safety Prevention of Sexual Harassment, Code of Discipline, Social Security Training, On Job Training, IT Awareness training. |
100% | |
| Workers | Cable Business: 40 |
Awareness of ISO 45001, BCMS, ISMS, 5S. Training on Health & Wellbeing, Basic First Aid, Safety and On Job Training. |
100% |
| EPC Business: 10 |
Training on Health & Wellbeing, Basic First Aid and Safety, Prevention of Sexual Harassment, Code of Discipline, Social security, On Job Training |
100% |
The Company recognizes the importance of training for the development and growth of its employees, and for the success of the business. We believe that training is an investment that yields long-term benefits for both the individual and the organization.
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In order to ensure the highest level of safety and quality in all our operations, the Company provides training programs for the Board of Directors, Key Management Personnel, Employees, and Workers. Our goal is to create a culture of continuous learning and improvement, where every individual is equipped with the knowledge and skills required to perform their job effectively and safely.
We understand that training is an ongoing process, and we are committed to providing our employees with the necessary support and resources to achieve their full potential. We believe that investing in our employees is key to our success, and we will continue to prioritize their growth and development.
2. Details of fines / penalties /punishment/ award/ compounding fees/ settlement amount paid in proceedings (by the entity or by directors / �MPs) with regulators/ law enforcement agencies/ judicial institutions, in the financial year, in the following format:
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MONETARY
Particulars NGRBC Name of the regulatory/ Amount Brief of the Has an appeal
Principle enforcement agencies/ (In INR) Case been preferred?
judicial institutions (Yes/No)
Penalty/ Fine Nil NA NA NA NA
Settlement Nil NA NA NA NA
Compounding fee Nil NA NA NA NA
NON-MONETARY
Particulars NGRBC Name of the regulatory/ Brief of the Has an appeal
Principle enforcement agencies/ Case been preferred?
judicial institutions (Yes/No)
Imprisonment Nil NA NA NA
Punishment Nil NA NA NA
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The Company takes immense pride in its unwavering commitment to upholding the highest standards of ethical and legal conduct across all its operations. Consequently, neither the Company nor its directors or key managerial personnel (KMPs) have incurred any fines, penalties, punishments, awards, compounding fees, or settlement amounts in any form of proceedings.
3. Of the instances disclosed in Question 2 above, details of the Appeal/ Revision preferred in cases where monetary or non-monetary action has been appealed:
Case Details Name of the regulatory/ enforcement agencies/ judicial institutions
This particular section is not applicable to the Company
4. Anti-corruption or Anti-bribery policy:
Does the entity have Yes, the Company has developed a comprehensive Anti-Corruption or Anti-Bribery Policy, showcasing an anti-corruption or our unwavering dedication to maintaining the highest ethical standards throughout our business anti-bribery policy? If operations and fostering a climate of transparency and equitable business practices. This policy yes, provide details in reflects our firm commitment to establishing and enforcing robust measures to detect, prevent, and brief and if available, combat corrupt activities, including bribery. provide a web-link to For detailed information and access to the policy, kindly visit the following web link: the policy. https://www.vtlrewa.com/pdf/Anti-Bribery-and-Anti-Corruption-Policy.pdf.
This policy serves as a guiding framework to ensure that all stakeholders, including employees, partners, and suppliers, are aware of our zero-tolerance approach towards corruption and bribery, and can actively contribute to the maintenance of a fair and ethical business environment.
5. Number of Directors/KMPs/employees/workers against whom disciplinary action was taken by any law enforcement agency for the charges of bribery/ corruption:
| FY 2022-23 (Current Financial Year) |
FY 2021-22 (Previous Financial Year) |
|
|---|---|---|
| Directors | Nil | Nil |
| KMPs | Nil | Nil |
| Employees | Nil | Nil |
| Workers | Nil | Nil |
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No disciplinary action has been taken by any law enforcement agency against any director, KMP, employees or workers of our Company for charges of bribery or corruption. Our Company maintains a zero-tolerance policy towards corruption and is dedicated to upholding the highest standards of ethical conduct and transparency in all business dealings.
�. Details of complaints with regard to conflict of interest:
| FY 2022-23 (Current Financial Year) |
FY 2022-23 (Current Financial Year) |
FY 2021-22 (Previous Financial Year) |
FY 2021-22 (Previous Financial Year) |
|
|---|---|---|---|---|
| Number | Remarks | Number | Remarks | |
| Number of complaints received in relation to issues of Confict of Interest of the Directors |
Nil |
- | Nil | - |
Number of complaints received in relation to issues of Confict of Interest of the �MPs |
Nil |
- | Nil | - |
7. Corrective Actions:
Provide details of any corrective action taken or underway This particular section does not pertain to the Company, on issues related to fines / penalties / action taken by as it has not incurred any fines, penalties, or regulatory, law regulators/ law enforcement agencies/ judicial institutions, enforcement, or judicial actions with respect to instances on cases of corruption and conflicts of interest. involving corruption and conflicts of interest.
PRINCIPLE 2: BUSINESSES SHOULD PROVIDE GOODS AND SERVICES IN A MANNER THAT IS SUSTAINABLE AND SAFE
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ESSENTIAL INDICATORS:
1. Percentage of R&D and capital expenditure (capex) investments in specific technologies to improve the environmental and social impacts of product and processes to total R&D and capex investments made by the entity, respectively:
| Particulars | Current Financial Year |
Previous Financial Year |
Details of improvements in environmental and social impacts |
|---|---|---|---|
| R&D | - | - | NA |
| Capex | - | 13.11% | Energy Conservation |
2. Sustainable sourcing:
Does the entity Cable Business: have procedures in Yes, the Company has successfully incorporated a Supplier Framework with the explicit objective of place for sustainable fostering sustainable sourcing practices. This comprehensive framework encompasses the meticulous sourcing? (Yes/No) evaluation and selection of suppliers, primarily based on three fundamental criteria, namely:
-
Quality: This criterion pertains to the meticulous assessment of the suppliers’ products or services, encompassing factors such as performance, durability, reliability, and compliance with industry standards. By prioritizing quality, the Company aims to ensure that the sourced materials or services meet the highest standards and align with its own commitment to excellence.
-
• Pricing: The Company diligently considers the financial aspect when assessing potential suppliers. This entails evaluating the overall cost-effectiveness and competitiveness of the proposed pricing structures. By meticulously scrutinizing pricing, the Company strives to strike a balance between obtaining optimal value for its investments while maintaining profitability and cost-efficiency.
• Delivery: Timeliness and reliability of delivery are key factors in the selection process. The Company places great emphasis on suppliers’ ability to deliver products or services within agreedupon timeframes, maintaining consistency and minimizing disruptions to its own operations. By prioritizing efficient and reliable delivery, the Company seeks to uphold its commitment to meet customer demands and operational timelines.
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| MP BIRLA GROUP |
VTL |
|---|---|
| Further, suppliers are evaluated and ranked according to their performance in relation to the aforementioned parameters. Additionally, the Company has established Environmental Requirements for its suppliers, which are communicated to them. During the supplier registration process, the Company conducts an evaluation to assess their suitability. A Supplier Registration Questionnaire is sent to suppliers to gather information regarding Quality, Environment, Occupational Health & Safety, and compliance with Statutory & Regulatory Requirements. EPC Business: Within the framework of the EPC Business Segment, materials are procured using two distinct channels: direct sourcing and sourcing through contractors. Throughout the sourcing process, careful attention is given to the following factors: • Standards & Specifcations:The procurement process adheres to established benchmarks, such as BIS certifcations, which serve as quality and compliance standards for the materials being sourced. • Contractor Selection:A comprehensive criterion is employed to select & empanel contractors. This criterion encompasses a range of parameters which includes evaluation of various techno- commercial as well as fnancial parameters enabling the ranking of contractors and facilitating informed decisions regarding sourcing preferences. • Ongoing Contractor Monitoring:Regular and periodic evaluations are conducted to monitor the performance of contractors on the basis of performance, quality consciousness, target achievement & other parameters. This monitoring process ensures that contractors consistently meet the required standards and maintain the expected level of quality and effciency. By incorporating these considerations into the sourcing procedures under the EPC Business Segment, the organization ensures that materials are procured in accordance with predefned standards and specifcations while maintaining a robust system for contractor evaluation and monitoring. |
|
| If yes, what percentage of inputs were sourced sustainably? |
100% |
3. Processes in place to reclaim products for reuse, recycle and safe disposal of products at the end of life:
| Describe the processes in place to safely reclaim your products for reusing, recycling and disposing at the end of life, for (a) Plastics (including packaging) (b) E-waste (c) Hazardous waste and (d) other waste. |
Cable Business: The Company ensures that the cables supplied to customers possess a minimum lifespan of 25-30 years. To ensure transparency and proper handling of end-of-life treatment, customers are provided with a comprehensive Material Safety Data Sheet (MSDS) that contains detailed information on the appropriate procedures for disposal or treatment. Given that the cables are predominantly utilized by industrial entities, the responsibility for the effective management of end-of-life treatment lies with the customers themselves. This entails adhering to the guidelines specifed in the MSDS and complying with the relevant laws and regulations in force during that period. Regarding waste generated within the Company, stringent measures are implemented to ensure compliance with environmental laws and consent conditions. Specifc waste categories are handled as follows: • Plastic Waste:The Company responsibly sells plastic waste to authorized recyclers, thereby promoting sustainable waste management practices. • E-Waste:In line with regulatory requirements, the Company sells electronic waste exclusively to authorized recyclers, ensuring proper recycling and disposal. • Acid Batteries:The Company follows a buy-back policy with Original Equipment Manufacturers (OEMs) to ensure the safe and environmentally sound disposal of acid batteries. • Hazardous Waste:All hazardous waste generated is meticulously disposed of through authorized recyclers, adhering to strict guidelines and safety protocols. • Other Non-Hazardous Waste:The Company adopts a responsible approach by selling non- hazardous waste to trusted vendors who can appropriately handle and utilize the materials. |
|---|---|
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EPC Business:
Within the EPC Business Segment, two primary waste streams are generated: Construction & Demolition waste and Metallic Scrap waste. These waste materials are effectively managed through well-defined procedures. Construction & Demolition waste is reused wherever possible during ongoing operations, minimizing waste generation and promoting resource efficiency.
Metallic Scrap waste, on the other hand, is sold exclusively to authorized vendors who possess the necessary expertise and infrastructure for proper recycling, disposal and utilization of these materials. By adopting such practices, the Company aims to reduce environmental impacts and contribute to sustainable waste management practices within the EPC Business Segment.
4. Extended Producer Responsibility (EPR) plan:
Whether Extended Producer Responsibility (EPR) is applicable to the Extended Producer Responsibility (EPR) is entity’s activities (Yes / No). If yes, whether the waste collection plan is in applicable and the Company has obtained line with the Extended Producer Responsibility (EPR) plan submitted to EPR registration under Importer category. Pollution Control Boards? If not, provide steps taken to address the same.
PRINCIPLE 3: BUSINESSES SHOULD RESPECT AND PROMOTE THE WELL-BEING OF ALL EMPLOYEES, INCLUDING THOSE IN THEIR VALUE CHAINS
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ESSENTIAL INDICATORS:
1. (A) Details of measures for the well-being of employees:
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Category % of employees covered by
Total (A) Health insurance Accident insurance Maternity benefits Paternity Benefits Day Care facilities
Number (B) % (B/A) Number (C) % (C/A) Number (D) % (D/A) Number (E) % (E/A) Number (F) % (F/A)
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| Category | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total (A) | Health insurance | Accident insurance | Maternity benefts | Paternity Benefts | Day Care facilities | ||||||
| **Number (B) ** | **% (B/A) ** | **Number (C) ** | **% (C/A) ** | **Number (D) ** | **% (D/A) ** | **Number (E) ** | **% (E/A) ** | **Number (F) ** | % (F/A) | ||
| Permanent employees | |||||||||||
| Male | 336 | 336 | 100% | 336 | 100% | 0 | 0% | 0 | 0% | 0 | 0% |
| Female | 5 | 5 | 100% | 5 | 100% | 5 | 100% | 0 | 0% | 0 | 0% |
| Total | 341 | 341 | 100% | 341 | 100% | 5 | 1% | 0 | 0% | 0 | 0% |
| Other than Permanent employees | |||||||||||
| Male | 1433 | 0 | 0% | 1433 | 100% | 0 | 0% | 0 | 0% | 0 | 0% |
| Female | 23 | 0 | 0% | 23 | 100% | 23 | 100% | 0 | 0% | 0 | 0% |
| Total | 1456 | 0 | 0% | 1456 | 100% | 23 | 2% | 0 | 0% | 0 | 0% |
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(B) Details of measures for the well-being of workers:
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Category % of employees covered by
Total (A) Health insurance Accident insurance Maternity benefits Paternity Benefits Day Care facilities
Number (B) % (B/A) Number (C) % (C/A) Number (D) % (D/A) Number (E) % (E/A) Number (F) % (F/A)
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| Category | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by | % of employees covered by |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total (A) | Health insurance | Accident insurance | Maternity benefts | Paternity Benefts | Day Care facilities | ||||||
| **Number (B) ** | **% (B/A) ** | **Number (C) ** | **% (C/A) ** | **Number (D) ** | **% (D/A) ** | **Number (E) ** | **% (E/A) ** | **Number (F) ** | % (F/A) | ||
| Permanent workers | |||||||||||
| Male | 104 | 104 | 100% | 104 | 100% | 0 | 0% | 0 | 0% | 0 | 0% |
| Female | 0 | 0 | 0% | 0 | 0% | 0 | 0% | 0 | 0% | 0 | 0% |
| Total | 104 | 104 | 100% | 104 | 100% | 0 | 0% | 0 | 0% | 0 | 0% |
| Other than Permanent workers | |||||||||||
| Male | 147 | 147 | 100% | 147 | 100% | 0 | 0% | 0 | 0% | 0 | 0% |
| Female | 0 | 0 | 0% | 0 | 0% | 0 | 0% | 0 | 0% | 0 | 0% |
| Total | 147 | 147 | 100% | 147 | 100% | 0 | 0% | 0 | 0% | 0 | 0% |
2. Details of retirement benefits, for Current Financial Year and Previous Financial Year:
| Benefts | FY 2022-23 (Current Financial Year) |
FY 2022-23 (Current Financial Year) |
FY 2022-23 (Current Financial Year) |
FY 2021-22 (Previous Financial Year) |
FY 2021-22 (Previous Financial Year) |
FY 2021-22 (Previous Financial Year) |
|---|---|---|---|---|---|---|
| No. of employees covered as a % of total employees |
No. of workers covered as a % of total workers |
Deducted and deposited with the authority (Y/N/N.A.) |
No. of employees covered as a % of total employees |
No. of workers covered as a % of total workers |
Deducted and deposited with the authority (Y/N/N.A.) |
|
| PF | 100% | 100% | Yes | 100% | 100% | Yes |
| Gratuity | 100% | 100% | Yes | 100% | 100% | Yes |
| ESI | 79% | NA | Yes | 73% | NA | Yes |
| Others – Mediclaim | The Company has Workmen Compensation Policy in place of ESI for all the Workers |
3. Accessibility of workplaces:
Are the premises / offices of the Yes, the premises and offices of the Company are designed to be accessible to entity accessible to differently employees and workers with disabilities. abled employees and workers, as Given that there is presently only one differently abled employee, meticulous attention per the requirements of the Rights has been given to providing suitable facilities both within the factory premises and of Persons with Disabilities Act, in the Company’s township where the employee resides. These accommodations 2016? If not, whether any steps are are implemented to ensure that the employee can navigate and perform their duties being taken by the entity in this comfortably and efficiently, in line with their unique requirements and abilities. regard.
4. Equal Opportunity Policy:
Does the entity have an equal opportunity policy as per the Rights of Persons with Disabilities Act, 2016? If so, provide a web-link to the policy.
Yes, the Company has adopted an Equal Opportunity Policy that ensures individuals of all age, religion, race, region, ethnicity, gender, ability, and sexual orientation work collectively in an environment that flourishes on originality.
For more information regarding the Equal Opportunity Policy, please visit the following web link:
https://www.vtlrewa.com/pdf/Non-Discrimination-Diversity-and-Equal-Opportunity-Policy.pdf. This policy document outlines the principles and guidelines that the Company upholds to promote equal opportunities and non-discrimination within the organization.
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5. Return to work and Retention rates of permanent employees and workers that took parental leave:
| Gender | Permanent employees | Permanent employees | Permanent workers | Permanent workers |
|---|---|---|---|---|
| Return to work rate | Retention rate | Return to work rate | Retention rate | |
| Male | NIL | NIL | NIL | NIL |
| Female | NIL | NIL | NIL | NIL |
| Total | NIL | NIL | NIL | NIL |
6. Is there a mechanism available to receive and redress grievances for the following categories of employees and worker? If yes, give details of the mechanism in brief:
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Yes/No (If yes, then give details of the mechanism in brief)
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| Yes/No (If yes, then give details of the mechanism in brief) | |
|---|---|
| Permanent Workers | Certainly, the Company has established mechanisms to receive and address grievances in a formal and structured manner, ensuring that employees and workers have an avenue to voice their concerns. The following channels are available for the receipt of grievances: • Suggestion Boxes: These designated boxes allow employees and workers to submit their grievances or suggestions anonymously, ensuring confdentiality and encouraging open communication. • Emails:The Company provides an offcial email address where employees and workers can send their grievances directly to the relevant department or designated personnel responsible for grievance handling. • Display Boards:Display boards are strategically placed within the premises, prominently featuring the mobile numbers of designated personnel who are responsible for addressing grievances. This ensures easy access and communication for employees and workers. • Site Safety Person’s Interactions: The Site Safety Person actively engages in daily interactions with employees and workers, providing them with an opportunity to voice their concerns and grievances related to safety or any other relevant issues. • Head of HR Interactions: The Head of HR regularly interacts with employees and workers, creating an open and approachable environment where grievances can be discussed and resolved. Once a grievance is received, the Company ensures a responsive approach to address the concern. Grievances are thoroughly examined, and necessary corrective actions are taken promptly. This includes conducting investigations, analysing the root causes, and implementing appropriate measures to resolve the issues raised. The Company is committed to fair and effective grievance resolution, ensuring that the concerns of employees and workers are acknowledged, heard, and appropriately addressed. |
| Other than Permanent Workers |
|
| Permanent Employees |
|
| Other than Permanent Employees |
7. Membership of employees and worker in association(s) or Unions recognised by the entity:
| Category | FY 2022-23 (Current Financial Year) |
FY 2022-23 (Current Financial Year) |
FY 2022-23 (Current Financial Year) |
FY 2021-22 (Previous Financial Year) |
FY 2021-22 (Previous Financial Year) |
FY 2021-22 (Previous Financial Year) |
|---|---|---|---|---|---|---|
| Total employees / workers in respective category (A) |
No. of employees / workers in respective category, who are part of association(s) or Union(B) |
% (B / A) | Total employees / workers in respective category (C) |
No. of employees / workers in respective category, who are part of association(s) or Union(D) |
% (D / C) | |
| Total Permanent Employees |
341 | 156 | 45.7% | 348 | 147 | 42.2% |
| Male | 336 | 154 | 45.8% | 341 | 144 | 42.2% |
| Female | 5 | 2 | 40.0% | 7 | 3 | 42.9% |
| Total Permanent Workers |
104 | 104 | 100.0% | 111 | 111 | 100.0% |
| Male | 104 | 104 | 100.0% | 111 | 111 | 100.0% |
| Female | 0 | 0 | 0% | 0 | 0 | 0% |
The aforementioned details are exclusive to the cable business, as the employees and workers within the EPC business segment are not affiliated with any association or recognized union.
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8. Details of training given to employees and workers:
| Category | FY 2022-23 (Current Financial Year) | FY 2022-23 (Current Financial Year) | FY 2022-23 (Current Financial Year) | FY 2022-23 (Current Financial Year) | FY 2022-23 (Current Financial Year) | FY | 2021-22 (Previous Financial Year) | 2021-22 (Previous Financial Year) | 2021-22 (Previous Financial Year) | 2021-22 (Previous Financial Year) |
|---|---|---|---|---|---|---|---|---|---|---|
| Total (A) | On Health and safety |
On Skill upgradation |
Total (D) | On Health and safety measures |
On Skill upgradation |
|||||
| **No. (B) ** | % (B / A) | **No. (C) ** | % (C / A) | **No. (E) ** | % (E / D) | **No. (F) ** | % (F / D) | |||
| Employees | ||||||||||
| Male | 1769 | 1769 | 100% | 1769 | 100% | 1256 | 1244 | 99% | 1244 | 99% |
| Female | 28 | 28 | 100% | 28 | 100% | 22 | 22 | 100% | 22 | 100% |
| Total | 1797 | 1797 | 100% | 1797 | 100% | 1278 | 1266 | 99% | 1266 | 99% |
| Workers | ||||||||||
| Male | 251 | 251 | 100% | 231 | 92.03% | 237 | 224 | 94.51% | 217 | 91.56% |
| Female | 0 | 0 | 0% | 0 | 0% | 0 | 0 | 0% | 0 | 0% |
| Total | 251 | 251 | 100% | 231 | 92.03% | 237 | 224 | 94.51% | 217 | 91.56% |
9.
Details of performance and career development reviews of employees and worker:
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Category FY 2022-23 (Current Financial Year) FY 2021-22 (Previous Financial Year)
Total (A) No. (B) % (B / A) Total (C) No. (D) % (D / C)
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| Category | FY 2022-23 (Current Financial Year) | FY 2022-23 (Current Financial Year) | FY 2022-23 (Current Financial Year) | FY 2021-22 (Previous Financial Year) | FY 2021-22 (Previous Financial Year) | FY 2021-22 (Previous Financial Year) |
|---|---|---|---|---|---|---|
| Total (A) | No. (B) | % (B / A) | Total (C) | No. (D) | % (D / C) | |
| Employees | ||||||
| Male | 1769 | 1725 | 97.51% | 1256 | 1244 | 99.04% |
| Female | 28 | 26 | 92.86% | 22 | 20 | 90.91% |
| Total | 1797 | 1751 | 97.44% | 1278 | 1264 | 98.90% |
| Workers | ||||||
| Male | 251 | 231 | 92.03% | 237 | 231 | 97.47% |
| Female | 0 | 0 | 0.00% | 0 | 0 | 0.00% |
| Total | 251 | 231 | 92.03% | 237 | 231 | 97.47% |
10. Health and safety management system:
| Sl. No. |
Particulars | Response |
|---|---|---|
| (a) | Whether an occupational health and safety management system has been implemented by the entity? (Yes/ No). If yes, the coverage such system? |
Yes, the Company has implemented an occupational health and safety management system. The coverage of the system includes all aspects of the Company’s operations, including employee and worker health and safety training, hazard identifcation and risk assessment, incident reporting and investigation, and ongoing monitoring and improvement. The system is designed to ensure a safe and healthy work environment for all employees and to comply with relevant health and safety regulations and standards. |
| (b) | What are the processes used to identify work-related hazards and assess risks on a routine and non-routine basis by the entity? |
The Company recognize that identifying work-related hazards and assessing risks is critical for ensuring the safety and well-being of our employees. To achieve this, we employ several processes and procedures, including the following: (a) Work safety analysis, standard operating procedure, and operational control plan are observed to monitor routine activities. (b) Non-routine activities are supervised using a seven-type work permit system, which covers various types of hazardous activities, including hot work operations, cold work activities, electrical installation and maintenance, working at heights, confned space entry, and heavy lifting operations. |
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Sl. Particulars Response
No.
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| Sl. No. |
Particulars | Response |
|---|---|---|
| By following these processes and procedures, we strive to ensure the health and safety of our personnel, equipment, and materials involved in our operations. The Company is committed to minimizing the risks associated with non-routine activities, preventing accidents and injuries, and creating a safe and healthy work environment for all the employees and workers. |
||
| (c) | Whether you have processes for workers to report the work-related hazards and to remove themselves from such risks. (Y/N) |
Yes, the Company has implemented robust mechanisms to enable workers to report work-related hazards and safeguard themselves from such risks. These mechanisms encompass well-defned reporting channels and procedures for employees to promptly communicate hazards, near-misses, and incidents. Moreover, the Company provides comprehensive training and resources to empower workers in identifying and reporting potential hazards effectively. Furthermore, the Company has implemented explicit policies and procedures to safeguard workers’ rights to refuse unsafe work, without encountering any form of retaliation or reprisal. These measures are in place to uphold the principle of ensuring a secure and healthy work environment for all employees. |
| (d) | Do the employees/ worker of the entity have access to non-occupational medical and healthcare services? (Yes/ No) |
The Company offers its employees access to medical and healthcare services that are not directly related to occupational illnesses or injuries. These services may comprise health insurance coverage or the ability to obtain medical services through third-party providers. The primary objective of these services is to promote the general health and welfare of the employees, both on and off the job. |
11. Details of safety related incidents, in the following format:
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Safety Incident/Number Category FY 2022-23 FY 2021-22
(Current Financial Year) (Previous Financial Year)
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| Safety Incident/Number | Category | FY 2022-23 (Current Financial Year) |
FY 2021-22 (Previous Financial Year) |
|---|---|---|---|
| Lost Time Injury Frequency Rate (LTIFR) (per one million-person hours worked) |
Employees | 0 | 0 |
| Workers | 86.84 | 286.94 | |
| Total recordable work-related injuries | Employees | 0 | 1 |
| Workers | 25 | 12 | |
| No. of fatalities | Employees | 0 | 0 |
| Workers | 0 | 0 | |
| High consequence work-related injury or ill- health (excluding fatalities) |
Employees | 0 | 0 |
| Workers | 0 | 0 |
12. Measures to ensure a safe and healthy workplace:
- Describe the The Company has implemented robust operational controls to proactively identify and mitigate measures taken by potential work-related hazards and associated risks. With the utmost commitment to ensuring a safe the entity to ensure a and healthy workplace, the following comprehensive measures have been adopted: safe and healthy work • Daily health and safety briefing exercises: Regular sessions are conducted to disseminate place. essential information and updates on health and safety practices to all employees. These briefings serve as a vital platform for promoting awareness and reinforcing the importance of maintaining a secure working environment.
• On-the-job safety training through Site Safety Trainings: Employees undergo rigorous training sessions specifically tailored to their respective job roles and work environments. These trainings equip them with the necessary knowledge and skills to identify potential hazards, apply preventive measures, and respond effectively to emergencies.
• Toolbox Trainings: Supplementing the on-the-job safety training, Toolbox Trainings further enhance employee awareness and proficiency in safety practices. These interactive sessions provide practical guidance on using tools, equipment, and machinery safely, thereby minimizing the risk of accidents and injuries.
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-
Display of proper safety instructions on board and signages: Visual aids, including prominently displayed safety instructions, signage, and posters, are strategically placed throughout the workplace. These visual cues serve as constant reminders of the importance of adhering to safety protocols and guidelines.
-
Feedback and suggestions: The Company regularly records feedback and suggestions from employees to continually improve working conditions. This feedback is analysed, and appropriate measures are taken to address any issues raised.
-
Engaging in reactive monitoring activities: The Company engages in reactive monitoring activities to identify potential hazards that may have been overlooked during routine inspections. This approach allows the Company to address potential hazards proactively, reducing the likelihood of accidents or injuries
The primary objective of these measures is to bolster the safety and well-being of all employees and diminish the likelihood of work-related accidents or illnesses.
13. Number of Complaints on the following made by employees and workers:
| Particulars | FY (2022-23) Current Financial Year | FY (2022-23) Current Financial Year | FY (2022-23) Current Financial Year | FY (2021-22) Previous Financial Year | FY (2021-22) Previous Financial Year | FY (2021-22) Previous Financial Year |
|---|---|---|---|---|---|---|
| Filed during the year |
Pending resolution at the end of year |
Remarks | Filed during the year |
Pending resolution at the end of year |
Remarks | |
| Working Conditions | Nil | Nil | NA | Nil | Nil | NA |
| Health & Safety | Nil | Nil | NA | Nil | Nil | NA |
The Company takes pride in maintaining a healthy and safe workplace, and is pleased to report that no complaints have been received from employees or workers concerning working conditions or health and safety. This underscores the Company’s commitment to providing a positive work environment for all.
14. Assessments for the year:
| Particulars | � of your plants and offces that were assessed (by entity or statutory authorities or third parties) |
|---|---|
| Health and safety practices | 100% |
| Working Conditions | 100% |
15. Corrective Actions:
Provide details of any corrective This specific section is deemed inapplicable as the assessments conducted on action taken or underway to address Health & Safety practices and working conditions did not reveal any notable risks safety-related incidents (if any) and or concerns. on significant risks / concerns arising Through proactive measures and continuous improvement initiatives, the Company from assessments of health & safety strives to maintain a safe working environment, adhering to industry best practices practices and working conditions.
Through proactive measures and continuous improvement initiatives, the Company strives to maintain a safe working environment, adhering to industry best practices and relevant regulatory requirements. Our commitment to the health and safety of our workforce remains unwavering, and we will promptly address any emerging issues to further enhance our practices and working conditions.
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PRINCIPLE 4: BUSINESSES SHOULD RESPECT THE INTERESTS OF AND BE RESPONSIVE TO ALL ITS STAKEHOLDERS
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ESSENTIAL INDICATORS:
1. Identification of stakeholders group:
| Describe the processes for identifying key stakeholder groups of the entity |
The Company has developed a stakeholder engagement framework to improve the process of identifying stakeholders. This framework is intended to increase the effectiveness of engagement with stakeholders, which is essential for maintaining the Company’s reputation, building trust, and creating value for all stakeholders. The stakeholder engagement framework consists of two dimensions, which are crucial in identifying stakeholders. The frst dimension relates to the stakeholder’s interests, while the second dimension is concerned with the stakeholder’s level of infuence. By considering both of these dimensions, the organization can identify stakeholders and determine the appropriate modes and levels of engagement required for each stakeholder group. In addition to these dimensions, the Company also takes into account several criteria when identifying stakeholder groups. These include: (a) The stakeholders’ level of dependency on the organization, (b) The level of responsibility they have in relation to the organization, (c) The amount of attention they receive from the organization, and (d) Their level of infuence over the organization. By using this stakeholder engagement framework and considering these criteria, the Company can better identify the stakeholders who are most crucial to its success and develop engagement strategies that align with their needs and interests. This approach is critical for maintaining positive relationships with stakeholders and achieving the organization’s strategic objectives. |
|---|---|
2. List stakeholder groups identified as key for your entity and the frequency of engagement with each stakeholder group:
| Stakeholder Group |
Whether identifed as Vulnerable & Marginalized Group (Yes/ No) |
Channels of communication (Email, SMS, Newspaper, Pamphlets, Advertisement, Community Meetings, Notice Board, Website), Other |
Frequency of engagement (Annually/ Half yearly/ Quarterly / others – please specify) |
Purpose and scope of engagement including key topics and concerns raised during such engagement |
|---|---|---|---|---|
| Shareholders | No | • Annual General Meeting, • Shareholder meets, • Email, • Stock Exchange (SE) intimations, • Annual report, quarterly results, media releases and • Company’s website |
Quarterly, Half yearly and annually |
Share price appreciation, dividends, proftability and fnancial stability, robust ESG practices, risks, growth prospects. |
| Employees & Workers |
No | • Emails • Team Engagement • Engagement through Training Programs • Notice Board |
Periodically | Hearing of all employee concerns Conducting meetings People voice meeting Suggestion Schemes Conducting enquiries |
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Stakeholder Whether Channels of communication Frequency of Purpose and scope of
Group identified as (Email, SMS, Newspaper, engagement engagement including key topics
Vulnerable & Pamphlets, Advertisement, (Annually/ Half and concerns raised during such
Marginalized Community Meetings, Notice yearly/ Quarterly engagement
Group (Yes/ Board, Website), Other / others – please
No) specify)
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| Stakeholder Group |
Whether identifed as Vulnerable & Marginalized Group (Yes/ No) |
Channels of communication (Email, SMS, Newspaper, Pamphlets, Advertisement, Community Meetings, Notice Board, Website), Other |
Frequency of engagement (Annually/ Half yearly/ Quarterly / others – please specify) |
Purpose and scope of engagement including key topics and concerns raised during such engagement |
|---|---|---|---|---|
| Customers | No | • Emails • Regular Meets • Personal Visits / Interviews • Satisfaction Surveys |
Regular | Queries/suggestions/assurance/ complaints etc. Understating the customers’ requirements |
| Suppliers | No | • Emails • Supplier Meetings |
Regular | Queries/suggestions/ assurance/ complaints etc. Raising our concerns with suppliers |
| Government and Regulators |
No | • Reporting / Filings • Submissions/ Applications • Industry forum meets |
On periodical basis as provided under relevant legislations |
In relation to Compliances with applicable laws, Industry concerns, changes in regulatory frameworks, skill and capacity building, employment. |
| Community | No | • Periodical Meets • Personal Visits |
Periodically | Under CSR projects covering Community development, livelihood support, disaster relief, Animal welfare, Sanitation etc |
| Board of Directors |
No | • Emails • Regular meetings |
Quarterly and on any event/need basis |
Company’s business operations, planning, strategies etc. |
| Contractors | No | • Emails • Need based meetings • Periodical Reports |
Periodically | Contractual Agreements, Performance evaluation, Fair and timely payment, Quality and performance. |
| Industry & Trade Associations |
No | • Emails • Regular meetings • Periodical Reports |
Periodically | Networking opportunities and industry specifc updates |
| Trade Unions | No | • Emails • Need based meetings |
Requirement basis |
Collective Bargaining, Worker welfare, Change in Employment practices, Labour relations |
| Subsidiaries | No | • Emails • Need based meetings • Periodical Reports |
Quarterly and need basis |
Discussions on major Investment/ expansion plans’, Sharing of performance Data, facilitate decision making on major topics. |
| Professional & Consultants |
No | • Emails • Need based meetings • Periodical Reports |
Quarterly and need basis |
Compliance to legal requirements, advice on business, legal, tax and environment etc. related issues. |
| Bankers | No | • Periodical Meetings • Periodical Reports • Emails |
Requirement basis |
Understand the banking compliance Maintaining rapport with our bankers Banking/Credit facilities. |
| Waste Collection Agents |
No | • Emails • Need based meetings |
Requirement basis |
Compliance to legal requirements, to carry out sound management of the waste generated by the Company. |
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PRINCIPLE 5: BUSINESSES SHOULD RESPECT AND PROMOTE HUMAN RIGHTS
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ESSENTIAL INDICATORS:
1. Employees and workers who have been provided training on human rights issues and policy(ies) of the entity, in the following format:
| Category | FY 2022-23 (Current Financial Year) | FY 2022-23 (Current Financial Year) | FY 2022-23 (Current Financial Year) | FY 2021-22 (Previous Financial Year) | FY 2021-22 (Previous Financial Year) | FY 2021-22 (Previous Financial Year) |
|---|---|---|---|---|---|---|
| Total (A) | No. of employees / workers covered (B) |
% (B / A) | Total (C) | No. of employees / workers covered (D) |
% (D / C) | |
| Employees | ||||||
| Permanent | 341 | 341 | 100% | 348 | 348 | 100% |
| Other than permanent | 1456 | 1456 | 100% | 930 | 930 | 100% |
| Total Employees | 1797 | 1797 | 100% | 1278 | 1278 | 100% |
| Workers | ||||||
| Permanent | 104 | 104 | 100% | 111 | 111 | 100% |
| Other than permanent | 147 | 147 | 100% | 126 | 126 | 100% |
| Total Workers | 251 | 251 | 100% | 237 | 237 | 100% |
2. Details of minimum wages paid to employees and workers, in the following format:
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Category FY 2022-23 (Current Financial Year) FY 2021-22 (Previous Financial Year)
Total (A) Equal to Minimum More than Total (D) Equal to Minimum More than
Wage Minimum Wage Wage Minimum Wage
No. (B) % (B / A) No. (C) % (C / A) No. (E) % (E / D) No. (F) % (F / D)
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| Category | FY 2022-23(Current Financial Year) | FY 2022-23(Current Financial Year) | FY 2022-23(Current Financial Year) | FY 2022-23(Current Financial Year) | FY 2022-23(Current Financial Year) | FY 2021-22(Previous Financial Year) | FY 2021-22(Previous Financial Year) | FY 2021-22(Previous Financial Year) | FY 2021-22(Previous Financial Year) | FY 2021-22(Previous Financial Year) |
|---|---|---|---|---|---|---|---|---|---|---|
| **Total (A) ** | Equal to Minimum Wage |
More than Minimum Wage |
**Total (D) ** | Equal to Minimum Wage |
More than Minimum Wage |
|||||
| **No.(B) ** | %(B / A) | **No.(C) ** | %(C / A) | **No.(E) ** | %(E / D) | **No.(F) ** | %(F / D) | |||
| Employees | ||||||||||
| Permanent | 341 | 0 | 0% | 341 | 100% | 348 | 0 | 0% | 348 | 100% |
| Male | 336 | 0 | 0% | 336 | 100% | 341 | 0 | 0% | 341 | 100% |
| Female | 5 | 0 | 0% | 5 | 100% | 7 | 0 | 0% | 7 | 100% |
| Other than Permanent |
1456 | 0 | 0% | 1456 | 100% | 930 | 0 | 0% | 930 | 100% |
| Male | 1433 | 0 | 0% | 1433 | 100% | 915 | 0 | 0% | 915 | 100% |
| Female | 23 | 0 | 0% | 23 | 100% | 15 | 0 | 0% | 15 | 100% |
| Workers | ||||||||||
| Permanent | 104 | 0 | 0% | 104 | 100% | 111 | 0 | 0% | 111 | 100% |
| Male | 104 | 0 | 0% | 104 | 100% | 111 | 0 | 0% | 111 | 100% |
| Female | 0 | 0 | 0% | 0 | 0% | 0 | 0 | 0% | 0 | 0% |
| Other than Permanent |
147 | 0 | 0% | 147 | 100% | 126 | 2 | 2% | 124 | 98% |
| Male | 147 | 0 | 0% | 147 | 100% | 126 | 2 | 2% | 124 | 98% |
| Female | 0 | 0 | 0% | 0 | 0% | 0 | 0 | 0% | 0 | 0% |
The Company provides fair and competitive compensation to all employees and workers, as part of our responsibility and ethical practices. We believe that a fair wage is crucial for the well-being and dignity of our workforce, and we aim to pay above the minimum wage in all our operations. We acknowledge that offering fair compensation is not only the right thing to do but also critical to attracting and retaining a skilled and motivated workforce.
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We regularly evaluate our compensation policies and practices to ensure that they align with our commitment to providing fair and competitive wages to all employees and workers. We are proud to have a valued and respected workforce, and we remain committed to upholding our promise of fair and equitable compensation.
3. Details of remuneration/salary/wages, in the following format:
| Category | Male | Male | Female | Female |
|---|---|---|---|---|
| **Number ** | Median remuneration/ salary/ wages of respective category |
**Number ** | Median remuneration/ salary/ wages of respective category |
|
| Board of Directors (BOD) | 8 | 1112500 | 2 | 747500 |
| Key Managerial Personnel (KMP) | 3 | 7094178 | 0 | 0 |
| Employees other than BOD and KMP | 333 | 684804 | 5 | 587592 |
| Workers | 251 | 357045 | 0 | 0 |
4. Focal point for addressing human rights:
Do you have a focal point (Individual/ Committee) responsible for addressing human rights impacts or issues caused or contributed to by the business? (Yes/No)
Yes, the Cable Business Segment of the Company has designated the Head of Human Resources as the focal point responsible for addressing any human rights impacts or issues that may arise as a result of the business’s operations.
Additionally, within the EPC Business Segment, the Project Monitoring Committee serves as the designated focal point for addressing human rights issues.
5. Internal mechanisms in place to redress grievances related to human rights issues:
Describe the internal mechanisms in place to redress grievances related to human rights issues.
The Company has implemented an internal grievance redressal mechanism that incorporates a well-defined Code of Discipline. Within this framework, individuals have the opportunity to lodge complaints directly with the Project Monitoring Committee or the Head of Human Resources, should any violations occur.
Upon receiving a complaint, the designated focal point, in collaboration with the Human Resources department, initiates a thorough investigation into the matter. Prompt and appropriate remedial actions are then taken to address the situation effectively.
Furthermore, the Company maintains open and transparent channels of communication with its stakeholders, including local communities, civil society organizations, and relevant government agencies. This proactive approach ensures that any grievances related to human rights are promptly and efficiently addressed, fostering a harmonious and responsible relationship with all stakeholders involved.
6. Number of Complaints on the following made by employees and workers:
| Category | FY 2022-23 (Current Financial Year) | FY 2022-23 (Current Financial Year) | FY 2022-23 (Current Financial Year) | FY 2021-22 (Previous Financial Year) | FY 2021-22 (Previous Financial Year) | FY 2021-22 (Previous Financial Year) |
|---|---|---|---|---|---|---|
| Filed during the year |
Pending resolution at the end of year |
Remarks | Filed during the year |
Pending resolution at the end of year |
Remarks | |
| Sexual Harassment | NIL | NIL | None | NIL | NIL | None |
| Discrimination at workplace | NIL | NIL | None | NIL | NIL | None |
| Child Labour | NIL | NIL | None | NIL | NIL | None |
| Forced Labour/Involuntary Labour |
NIL | NIL | None | NIL | NIL | None |
| Wages | NIL | NIL | None | NIL | NIL | None |
| Other human rights related issues |
NIL | NIL | None | NIL | NIL | None |
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VTL
MP BIRLA GROUP
7. Prevention of discrimination and harassment cases:
Mechanisms to prevent adverse consequences to the complainant in discrimination and harassment cases
The Company is firmly committed to maintaining a workplace environment that is free from all forms of harassment, including sexual harassment. To ensure compliance with this commitment, the Company maintains a strict Code of Conduct for Sites and Project Operations, which requires the reporting of all harassment concerns and ensures prompt resolution of any complaints received.
Moreover, the Company has established internal committees across various locations to investigate allegations of sexual harassment and recommend appropriate action, as necessary. Additionally, regular awareness and training sessions are conducted to ensure that employees are fully aware of the nuances of sexual harassment and the relevant redressal mechanisms.
8. Human rights requirements forming part of your business agreements and contracts:
Do human rights requirements form part of your business agreements and contracts? (Yes/No)
Yes, the Company diligently ensures the inclusion of specific human rights requirements within its business contracts. These requirements encompass the following:
-
Sellers, vendors, and suppliers are obligated to provide an Anti-Corruption Undertaking.
-
Suppliers are required to abstain from employing child labour in any of their manufacturing or general activities conducted within the factory premises.
-
Suppliers are expected to diligently comprehend and faithfully adhere to safety and environmental protocols.
In addition to the aforementioned clauses, other contextual and necessity-based requirements are also incorporated into the business contracts.
9. Assessments for the year:
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Category � of your plants and offices that were assessed
(by entity or statutory authorities or third parties)
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| Category | � of your plants and offces that were assessed (by entity or statutory authorities or third parties) |
|---|---|
| Child labour | 100 % |
| Forced/involuntary labour | 100 % |
| Sexual harassment | 100 % |
| Discrimination at workplace | 100 % |
| Wages | 100 % |
10. Corrective Actions to address significant risks / concerns arising from the assessments:
Provide details of any corrective actions taken or underway to address significant risks / concerns arising from the assessments at Question 9 above.
The Company’s self-assessment and customer diligence did not reveal any noteworthy risks or concerns. The organization is committed to upholding human rights and has implemented a comprehensive framework to address significant risks and concerns associated with forced labour, child labour, sexual harassment, discrimination, and wages. This framework includes periodic evaluations to detect any potential violations and regular employee training to foster awareness and prevent such occurrences.
In the event of any violations being discovered, the Company takes swift and effective corrective action, which may involve suspending work, ending contracts, or pursuing legal action as appropriate. Furthermore, the Company continually assesses and improves its policies and procedures to ensure that human rights are upheld throughout all its operations.
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MP BIRLA GROUP
PRINCIPLE 6: BUSINESSES SHOULD RESPECT AND MAKE EFFORTS TO PROTECT AND RESTORE THE ENVIRONMENT
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ESSENTIAL INDICATORS:
1. Details of total energy consumption (in Joules or multiples) and energy intensity, in the following format:
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Parameter FY 2022-23 FY 2021-22
(Current Financial Year) (Previous Year)
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| Parameter | FY 2022-23 (Current Financial Year) |
FY 2021-22 (Previous Year) |
|---|---|---|
| Total electricity consumption(A) | 46310 GJ | 28156 GJ |
| Total fuel consumption(B) | 1838 GJ | 298 GJ |
| Energy consumption through other sources(C)* | 10387 GJ | 10190 GJ |
| Total energy consumption(A�B�C) | 58535 GJ | 38644 GJ |
| Energy intensity per rupee of turnover (Total energy consumption/ turnover in rupees) |
7.7 GJ | 7 GJ |
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency� (Y/N) If yes, name of the external agency.
During the FY 2022-2023, The Company’s total energy consumption saw an increase of 19891 GJ (51.5%) and an increase of 38% in total sales.
2. Designated Consumers (DCs) under the Performance, Achieve and Trade (PAT) Scheme of the Government of India:
This particular section is not applicable, as the Company has not been identified as designated consumer under Performance, Achieve and Trade (PAT) Scheme of the Government of India.
3. Provide details of the following disclosures related to water, in the following format:
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Parameter FY 2022-2023 FY 2021-2022
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| Parameter | FY 2022-2023 | FY 2021-2022 |
|---|---|---|
| Water withdrawal by source(in kilolitres) | ||
| (i) Surface water |
Nil | Nil |
| (ii) Groundwater |
131192 | 137912 |
| (iii) Thirdpartywater |
Nil | Nil |
| (iv) Seawater / desalinated water |
Nil | Nil |
| (v) Others |
Nil | Nil |
| Total volume of water withdrawal(in kilolitres) (i + ii + iii + iv + v) | 131192 | 137912 |
| Total volume of water consumption(in kilolitres) | 131192 | 137912 |
| Water intensity per rupee of turnover(Water consumed / turnover) | 20.7 KL/Million Rs. | 25.0 KL/Million Rs. |
| Water intensity (optional)– the relevant metric maybe selected bythe entity | - | - |
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N)
If yes, name of the external agency. The Company has not conducted any independent assessment, evaluation or assurance by an external agency.
4. Mechanism for Zero Liquid Discharge:
Has the entity implemented The Company has implemented a �ero Liquid Discharge (�LD) system at its manufacturing plant a mechanism for Zero located in Rewa, which has been operational since 1999. This mechanism ensures that no liquid Liquid Discharge? If waste is discharged from the facility. yes, provide details Water is primarily used for cooling purposes in the plant’s operations and is circulated within a of its coverage and closed loop, without any release of industrial effluent into the environment. implementation. Additionally, the domestic wastewater generated within the facility is treated in a Sewage Treatment Plant (STP), and the resulting treated water is then employed for horticultural purposes within the Company premises. This ensures a sustainable and environmentally conscious approach to water management within the organization.
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MP BIRLA GROUP
5. Please provide details of air emissions (other than GHG emissions) by the entity, in the following format:
The Company’s cable business segment do not utilize any stacks that release air emissions.
Further, we would like to address an important matter regarding the emissions generated by our Engineering, Procurement, and Construction (EPC) business segment, during the reporting period, our EPC business faced significant challenges in measuring and documenting emissions due to the inherent complexities associated with its activities. Consequently, we regretfully acknowledge our inability to include any specific figures or data for this period within the report.
We are fully aware of the significance of environmental stewardship and the importance of transparent reporting. As such, we are actively taking steps to address this issue and enhance our emissions measurement system.
Currently, we are in the process of establishing a robust and reliable system that will enable us to accurately measure and document emissions for future financial years. We are committed to implementing comprehensive methodologies and leveraging advanced tools and technologies to ensure accurate reporting in the future.
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Parameter Please specify unit FY 2022-2023 FY 2021-2022
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| Parameter | Please specify unit | FY 2022-2023 | FY 2021-2022 |
|---|---|---|---|
| NOx | - | Nil | Nil |
| SOx | - | Nil | Nil |
| Particulate matter (PM) | - | Nil | Nil |
| Persistent organic pollutants (POP) | - | Nil | Nil |
| Volatile organic compounds (VOC) | - | Nil | Nil |
| Hazardous air pollutants (HAP) | - | Nil | Nil |
| Others – please specify | - | Nil | Nil |
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency� (Y/N) If yes, name of the external agency.
The Company has not conducted any independent assessment, evaluation or assurance by an external agency. Nevertheless, the Company monitors ambient air quality on a quarterly basis through a National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited agency.
6. Provide details of greenhouse gas emissions (Scope 1 and Scope 2 emissions) & its intensity, in the following format:
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Parameter Unit FY 2022-2023 FY 2021-2022
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| Parameter | Unit | FY 2022-2023 | FY 2021-2022 |
|---|---|---|---|
| Total Scope 1 emissions (Break-up of the GHG into CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, if available) |
Metric tonnes of CO2 equivalent |
128 | 21 |
| Total Scope 2 emissions (Break-up of the GHG into CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, if available) |
Metric tonnes of CO2 equivalent |
13387 | 9054 |
| Total Scope 1 and Scope 2 emissions per rupee of turnover | Metric tonnes of CO2 equivalent |
1.77 MT/Million Rs | 1.64 MT/Million Rs |
| Total Scope 1 and Scope 2 emission intensity (optional) – the relevant metric may be selected by the entity |
Metric tonnes of CO2 equivalent |
- | - |
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency� (Y/N) If yes, name of the external agency.
The Company has not conducted any independent assessment, evaluation or assurance by an external agency. Nevertheless, the Company does perform quarterly monitoring of ambient air quality through an agency accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL).
7. Project related to reducing Green House Gas emission:
Does the entity have any project The Company has implemented a rooftop solar power plant with a capacity of 2 MW, which related to reducing Green has significantly aided in reducing its carbon footprint. House Gas emission? If Yes, Through the utilization of solar power, the Company has succeeded in curbing its CO2 then provide details. emissions by 2406 MT in the fiscal year 2021-22 and by 2452 MT in the fiscal year 2022-23.
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MP BIRLA GROUP
8. Provide details related to waste management by the entity, in the following format:
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Parameter FY 2022-2023 FY 2021-2022
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| Parameter | FY 2022-2023 | FY 2021-2022 |
|---|---|---|
| Total Waste generated (in metric tonnes) | ||
| Plastic waste (A) | 445 MT | 310 MT |
| E-waste (B) | Nil | Nil |
| Bio-medical waste (C) | Nil | Nil |
| Construction and demolition waste (D) | Nil | Nil |
| Battery waste (E) | Nil | 5.41 MT |
| Radioactive waste (F) | Nil | Nil |
| Other Hazardous waste. Please specify, if any. (G) | 4.8 MT | 4.91 MT |
| Other Non-hazardous waste generated (H). Please specify, if any. (Break-up by composition i.e. by materials relevant to the sector) |
608 MT | 615 MT |
| Total (A� B � C � D � E � F � G � H) | 1057.8 MT | 935.32 MT |
| For each category of waste generated, total waste recovered through recycling, re-using or other recovery operations (in metric tonnes) |
||
| (i) Recycled | The plastic and other hazardous waste produced by the Company is vendored to a registered recycler, while other non-hazardous waste is similarly sold for recycling, wherever feasible. |
|
| (ii) Re-used | ||
| (iii) Other recovery operations | ||
| Total | ||
| For each category of waste generated, total waste disposed by nature of disposal method (in metric tonnes) | ||
| Category of waste | The Company’s waste management system encompasses appropriate waste disposal methods. Nonetheless, the Company is not executing any disposal methods as specifed. |
|
| (i) Incineration | ||
| (ii) Landflling | ||
(iii) Other disposal operations |
||
| Total |
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency� (Y/N) If yes, name of the external agency.
The Company has not conducted any independent assessment, evaluation or assurance by an external agency.
9. Waste management practices adopted in the establishment:
Briefly describe the The Company has implemented a suite of waste management practices to curtail waste generation waste management and ensure that all waste is handled in an ecologically responsible manner. practices adopted in Cable Business: your establishments. The storage, collection, and disposal of hazardous waste adheres to consent conditions. The Describe the strategy hazardous waste generated is disposed of by vending it to Authorised Recyclers approved by the adopted by your Central Pollution Control Board (CPCB). Similarly, solid waste is also disposed of in compliance with company to reduce Consent Conditions. usage of hazardous and toxic chemicals Although the manufacturing process of cables employs non-hazardous materials, certain waste in your products and material is categorized as hazardous due to the recycling process involved. processes and the EPC Business: practices adopted to This Business Segment places significant emphasis on the proper segregation of waste materials. manage such wastes. Following meticulous sorting, two primary approaches are taken: firstly, where possible, segregated waste materials are reused internally to minimize waste production and encourage efficient resource usage.
Secondly, any waste that cannot be reused in-house is vended to approved vendors who have the competence to responsibly handle and manage such materials. These practices exemplify the Company’s commitment to sustainable waste management and play a part in reducing the environmental impact of our operations.
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MP BIRLA GROUP
10. If the entity has operations/offices in/around ecologically sensitive areas (such as national parks, wildlife sanctuaries, biosphere reserves, wetlands, biodiversity hotspots, forests, coastal regulation zones etc.) where environmental approvals / clearances are required, please specify details in the following format:
Sl. Location of Type of Whether the conditions of environmental approval / clearance are being complied No operations/offices operations with? (Y/N) If no, the reasons thereof and corrective action taken, if any.
The Company does not have any offices or operational sites in the vicinity of any ecologically sensitive area.
11. Details of environmental impact assessments of projects undertaken by the entity based on applicable laws, in the current financial year:
The aforementioned section is not relevant to the Company. Nevertheless, the Company carries out an Aspect Impact Analysis of all its manufacturing processes as required by ISO 14001.
12. Is the entity compliant with the applicable environmental law/ regulations/ guidelines in India; such as the Water (Prevention and Control of Pollution) Act, Air (Prevention and Control of Pollution) Act, Environment protection act and rules thereunder (Y/N). If not, provide details of all such non-compliances, in the following format
Yes, the Company is fully compliant with all the applicable environmental laws/regulations/guidelines in India including but not limited to Water (Prevention and Control of Pollution) Act, Air (Prevention and Control of Pollution) Act, Environment protection act and rules.
PRINCIPLE 7: BUSINESSES, WHEN ENGAGING IN INFLUENCING PUBLIC AND REGULATORY POLICY, SHOULD DO SO IN A MANNER THAT IS RESPONSIBLE AND TRANSPARENT
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ESSENTIAL INDICATORS:
1. (A) Affiliations with trade and industry chambers/ associations:
Number of affiliations with trade and industry chambers/ associations.
The Company is affiliated with five (5) trade and industry chambers/associations.
- (B) List the top 10 trade and industry chambers/ associations (determined based on the total members of such body) the entity is a member of/ affiliated to:
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Sl. Name of the trade and industry chambers/ associations Reach of trade and industry chambers/
No. associations (State/National)
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| Sl. No. |
Name of the trade and industry chambers/ associations | Reach of trade and industry chambers/ associations (State/National) |
|---|---|---|
| 1. | Indian Electrical and Electronics Manufacturers Association (IEEMA) | National |
| 2. | Engineering Export Promotion Council of India (EEPC) | National |
| 3. | Telecom Equipment and Services Export Promotion Council (TEPC) | National |
| 4. | Federation of Indian Export Organisations (FIEO) | National |
| 5. | Bombay Chamber of Commerce & Industry (BCCI) | State |
2. Provide details of corrective action taken or underway on any issues related to anticompetitive conduct by the entity, based on adverse orders from regulatory authorities:
| Name of authority | Brief of the case | Corrective action taken |
|---|---|---|
| - | - | - |
The Company has not engaged in any anti-competitive conduct.
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MP BIRLA GROUP
PRINCIPLE 8: BUSINESSES SHOULD PROMOTE INCLUSIVE GROWTH AND EQUITABLE DEVELOPMENT
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The Company places significant emphasis on its Social Policy, which encompasses a range of objectives including animal welfare, the establishment of environmentally sustainable social infrastructure, improved health facilities, the eradication of hunger, and the promotion of education pertaining to culture.
Furthermore, the Company actively engages in contributing to the social and economic advancement of the communities in which it operates. This commitment is reflected in the comprehensive Corporate Social Responsibility (CSR) policy, which encompasses the formulation, implementation, monitoring, evaluation, documentation, and reporting of CSR activities undertaken by the Company.
Through its social investments, the Company addresses various needs of the communities residing in the proximity of its facilities and plants. It achieves this by undertaking sustainable initiatives in critical areas such as health, education, animal welfare, infrastructure and community development, as well as responding to natural disasters and pandemics. By undertaking these initiatives, the Company strives to make a positive and lasting impact on the well-being and development of the local communities it serves.
ESSENTIAL INDICATORS:
1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, in the current financial year:
| Name and brief details of project |
SIA Notifcation No. |
Date of notifcation |
Whether conducted by independent external agency (Yes / No) |
Results communicated in public domain (Yes / No) |
Relevant Web link |
|---|---|---|---|---|---|
| This section is not applicable to the Company as there were no projects that required SIA to be undertaken under Law. |
2. Provide information on project(s) for which ongoing Rehabilitation and Resettlement (R&R) is being undertaken by your entity, in the following format:
| Sl. No. |
Name of Project for which R&R is ongoing |
State | District | No. of Project Affected Families (PAFs) |
% of PAFs covered by R&R |
Amounts paid to PAFs in the FY (In INR) |
|---|---|---|---|---|---|---|
| This section is not applicable to the Company as there were no projects that required Rehabilitation and Resettlement (R&R). |
3. Community redressal mechanism:
Describe the mechanisms to receive and redress grievances of the community.
The implementation of an effective Grievance Redressal Mechanism (GRM) is vital in fostering a strong bond with the community and acquiring the essential social license to carry out community-focused endeavours.
To ensure that community members have a platform to voice their concerns, the Company has established a readily accessible and efficient grievance redressal mechanism. Within this framework, local employees regularly engage with the community, actively seeking out grievances and addressing them in a timely manner.
Upon receiving feedback or complaints, the Company undertakes a comprehensive investigation of the matter at hand, leaving no stone unturned. This diligent process enables the Company to gather all relevant information and ascertain the appropriate actions required to rectify the situation. Swift corrective measures are then implemented to effectively resolve the grievances and maintain a harmonious relationship with the community.
By upholding such a responsive and transparent approach, the Company endeavours to foster trust, open communication, and mutual respect with the community, thereby ensuring that their concerns are acknowledged and addressed in a satisfactory manner.
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MP BIRLA GROUP
4. Percentage of input material (inputs to total inputs by value) sourced from suppliers:
| Category | FY 2022-23 (Current Financial Year) |
FY 2021-22 (Previous Financial Year) |
|---|---|---|
| Directly sourced from MSMEs/ small producers | 35.35% | 33.12% |
| Sourced directly from within the district and neighbouring districts | 47.53% | 44.23% |
PRINCIPLE 9: BUSINESSES SHOULD ENGAGE WITH AND PROVIDE VALUE TO THEIR CONSUMERS IN A RESPONSIBLE MANNER
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The Company places great importance on its commitment to responsibly engage with and provide value to its consumers, considering it a fundamental aspect of its business strategy. This approach not only builds trust and loyalty among customers but also contributes to a sustainable future for all stakeholders involved.
As a responsible entity, the Company acknowledges the significance of engaging with and offering value to its consumers in a responsible manner. It strives to ensure that its products and services not only meet the needs of customers but also minimize any potential adverse effects on society and the environment.
In pursuit of this objective, the Company actively seeks to understand the preferences and requirements of its customers. It maintains diverse channels of communication to interact with them, aiming to deliver the best possible experience. Moreover, the Company is committed to providing accurate and transparent information about its products and services. This includes comprehensive details about their safety, quality, and environmental impact.
By adopting this customer-centric approach, the Company aims to foster long-lasting relationships with its customers while upholding its commitment to social and environmental responsibility. Through these efforts, the Company strives to create a positive impact and contribute to a sustainable future for all stakeholders involved.
ESSENTIAL INDICATORS:
1. Consumer Complaints and feedback:
Describe the mechanisms in place to receive and respond to consumer complaints and feedback.
The Company has implemented various channels through which customers can easily communicate their concerns and engage with the Company. To facilitate this, the contact information for all branches and marketing offices of the Company can be found on its website at https://www.vtlrewa.com/contact.html.
In addition to these avenues, the Company has taken the initiative to assign a dedicated accounts manager to key customers. This personalized support ensures that the specific requirements, grievances, and expectations of these customers are effectively addressed.
When a customer complaint is received, it is promptly conveyed to the sales department in Rewa. The details of the complaint are duly recorded in a customer complaint register, enabling a systematic approach to resolution. The Company takes immediate corrective and preventive actions to address the complaint and ensures that the customer is kept informed about the steps taken to resolve the issue.
To gauge the satisfaction levels of its customers, the Company conducts an annual consumer satisfaction survey. This survey allows customers to provide feedback on their experiences, enabling the Company to identify areas for improvement and effectively address any issues raised by its customers.
By establishing these comprehensive mechanisms, the Company strives to maintain open lines of communication with its customers, promptly address their concerns, and continuously enhance its services based on customer feedback.
2. Turnover of products and/ services as a percentage of turnover from all products/service that carry information about:
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Category As a percentage to total turnover
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| Category | As a percentage to total turnover |
|---|---|
| Environmental and social parameters relevant to the product | 100% |
| Safe and responsible usage | 100% |
| Recycling and/or safe disposal | Not applicable |
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3. Number of consumer complaints in respect of the following:
| Category | FY 2022-23 (Current Financial Year) |
FY 2022-23 (Current Financial Year) |
Remarks | FY 2021-22 (Previous Financial Year) |
FY 2021-22 (Previous Financial Year) |
Remarks |
|---|---|---|---|---|---|---|
| Received during the year |
Pending resolution at end of year |
Received during the year |
Pending resolution at end of year |
|||
| Data Privacy | During the fnancial years 2021-22 and 2022-23, the Company has not received any complaints within the specifed categories. |
|||||
| Advertising | ||||||
| Cyber Security | ||||||
| Delivery of essential Services |
||||||
| Restrictive Trade Practices |
||||||
| Unfair Trade Practices |
||||||
| Other |
4. Details of instances of product recalls on account of safety issues:
| Particulars | Number | Reasons for recall |
|---|---|---|
| Voluntary recalls | Nil | Nil |
| Forced recalls | Nil | Nil |
5.
Cyber security policy:
Does the entity have a framework/ policy on cyber security and risks related to data privacy? (Yes/No) If available, provide a web-link of the policy.
The Company has implemented a robust Information Security Management Policy that clearly outlines its dedication to upholding the confidentiality, integrity, and availability of information.
Furthermore, the Company has attained ISO 27001 certification for its Information Security Management System, which serves as a testament to its unwavering commitment to maintaining the highest levels of information security. This certification underscores the Company’s adherence to globally recognized standards in safeguarding sensitive information.
For detailed information regarding the Information Security Management Policy, please refer to the Policy document, which can be accessed at the following weblink: https://www.vtlrewa.com/ISMS-Policy.pdf.
This document provides comprehensive insights into the Company’s practices and procedures for ensuring the security of information assets, reinforcing its commitment to protecting valuable information from unauthorized access, disclosure, alteration, or destruction.
6. Corrective Actions:
Provide details of any corrective actions taken or underway on issues relating to advertising, and delivery of essential services; cyber security and data privacy of customers; re-occurrence of instances of product recalls; penalty / action taken by regulatory authorities on safety of products / services
This particular section is not applicable.
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