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02. Principles related to BR as per National Voluntary Guidelines
The National Voluntary Guidelines on Economic, Environmental and Social responsibilities of Businesses released by the
Ministry of Corporate Affairs has adopted 9 Principles related to BRR. These are as follows:
P1
Ethics, transparency and accountability
Businesses will conduct and govern themselves with ethics, transparency and accountability.
P2
Product lifecycle sustainability
Businesses will provide goods and services that are safe and contribute to sustainability throughout their lifecycle.
P3
Well-being of the employees
Businesses will promote the well-being of all employees.
P4
Engagement with the Stakeholders
Businesses will respect the interests of and be responsive towards all the Stakeholders, especially those who are
disadvantaged, marginalised and vulnerable.
P5
Human rights
Businesses will respect and promote human rights.
P6
Environment
Businesses will respect, protect and make efforts to restore the environment.
P7
Policy advocacy
Businesses, when engaged in influencing public and regulatory policy, will do so in a responsible manner.
P8
Equitable development
Businesses will support inclusive growth and equitable development.
P9
Value to the customers
Businesses will engage with and provide value to their customers and consumers in a responsible manner.
a.
Details of the compliance (Y: yes, N: no)
No. Questions
P1 P2 P3 P4 P5 P6 P7 P8 P9
01. Does the Company have policies for the
9 Principles of BR?
Y Y Y Y Y Y Y Y Y
02. Have the policies been formulated in
consultation with the relevant Stakeholders?
Y Y Y Y Y Y Y Y Y
03. Do the policies conform to any national |
international standards?
Y Y Y Y Y Y Y Y Y
The Company has developed policies for its significant operations in
conformance with the international standards (such as ISO 9000,
ISO 14000, OHSAS 18000), UNGC guidelines and ILO Principles.
04. Have the policies been approved by the Board?
If so, has it been signed by the owner | MD |
CEO | appropriate Board of Director?
Y Y Y Y Y Y Y Y Y
All the policies have been approved by the Board and have been
signed by a Whole-time Director (WtD).
05. Does the Company have a specified
Committee of the Board | Directors |
Officials to oversee the implementation of
the policies?
Y Y Y Y Y Y Y Y Y
The Company has appointed a WtD to oversee implementation of
the policies.
06. What is the URL to view the policies online? The policies are not yet made available online.
07. Have the policies been formally
communicated to all relevant internal and
external Stakeholders?
Y Y Y Y Y Y Y Y Y
The policies have been communicated to many relevant internal
and external Stakeholders.
08. Does the Company have an in-house
structure to implement the policies?
Y
Y Y Y Y Y Y Y Y
09. Does the Company have a grievance
redressal mechanism to address grievances
of the Stakeholders (related to the policies)?
Y
Y Y Y Y Y Y Y Y
10. Has the Company carried out independent
audit | evaluation of the working of the
policies by an internal or external agency?
Y Y Y Y Y Y Y Y Y