Responsibility Tracker. Towards Better Business Responsibility Reporting

Transcription

1 Responsibility Tracker Towards Better Business Responsibility Reporting June 2016

2 Responsibility Tracker: The Business of Better BRRs OUR ENGAGEMENT We reviewed your company s publically disclosed Business Responsibility Report (BRR) from the year In its suggested framework, the Business Responsibility Report demands that companies should disclose: ü whether they have policies for the 9 principles of the National Voluntary Guidelines on Social, Economic and Environmental Responsibilities of Businesses ü whether these policies conform to any national or international standards ü whether these policies are available online Taking account of this need for responsible policy-making and for disclosure of these policies, we undertook a detailed assessment of the relevant publically available material. For this we reviewed your company s disclosures against all nine principles but specifically looked at Principle 2, Principle 3, Principle 5 and Principle 8 of the National Voluntary Guidelines. Corporate Responsibility Watch (CRW), with continued support from Praxis, PiC and Change Alliance, will review your BRR for the year as well. We encourage you to disclose the positive impacts that are in alignment with the BRR. The following sections are synopsis of findings about your company from our analyses. YOUR OPPORTUNITY This pack provides an overview of gaps in your company s BRRs. It then lists all policies required by each BRR principle and registers whether your company has (a) this policy and a mechanism to implement it, (b) reference to a policy, but not to an implementing mechanism, or (c) no disclosed policy. It also includes a guide to improving on reporting required by the BRR framework. Long-term, the pack provides a pathway through which you can better establish your business as a benchmark organisation for social responsibility.

3 Disclosure of Previous BRR Name of Company Brief Products Cement Ambuja Cement Ambuja Cements Ltd, a part of a global conglomerate Holcim, is one of India s leading cement manufacturers and has completed over 25 years of operations.the company, initially called Gujarat Ambuja Cements Ltd, was founded by Narotam Sekhsaria in 1983 in partnership with Suresh Neotia. Global cement major Holcim acquired management control of Ambuja in The Company has also made strategic investments in ACC. Company Website Contact Details Elegant Business Park, MIDC Cross Road 'B', Off Andheri-Kurla Road., Andheri (E), Mumbai Questions according to SEBI Framework Paid up Capital for the Financial Year (INR in Crores) Total Turnover (INR in Crores) Total Profit After Tax (INR in Crores) Total Spendings on Corporate Social Responsibility(CSR) (INR in Crores) Company Profile Total Spendings on Corporate Social Responsibility(CSR) as percentage of Profit after Tax List of activities in which expenditure in 4 above has been incurred Does the Company have any Subsidiary Company/ Companies? Do the Subsidiary Company/Companies participate in the BR Initiatives of the parent company? If yes, then indicate the number of such subsidiary company(s) Response Wise Disclosure Analysis No Report No Response Incomplete Complete Do any other entity/entities (e.g. suppliers, distributors etc.) that the Company does business with, participate in the BR initiatives of the Company? If yes, then indicate the percentage of such entity/entities? [Less than 30%, 30-60%, More than 60%]

4 Disclosure of Previous BRR Questions according to SEBI Framework Principle 1 Does the policy relating to ethics, bribery and corruption cover only the company? Does it extend to the Group/Joint Ventures/ Suppliers/Contractors/NGOs /Others? How many stakeholder complaints have been received in the past financial year? what percentage was satisfactorily resolved by the management? (If so, provide details thereof, in about 50 words or so.) Response Wise Disclosure Analysis No Report No Response Incomplete Complete Questions according to SEBI Framework Principle 2 Does business list up to 3 of your products or services whose design has incorporated social or environmental concerns, risks and/or opportunities. Response Wise Disclosure Analysis No Report No Response Incomplete Complete For each such product, do they provide details for Reduction on Energy, Water and Raw Material (Data segregation) : Generic Energy Water Raw Material Does the company have procedures in place for sustainable sourcing (including transportation)? what percentage of your inputs was sourced sustainably? Also, provide details thereof, in about 50 words or so. Has the company taken any steps to procure goods and services from local & small producers, including communities surrounding their place of work? what steps have been taken to improve their capacity and capability of local and small vendors? Does the company have a mechanism to recycle products and waste? what is the percentage of recycling of products and waste (separately as <5%, 5-10%, >10%).

5 Disclosure of Previous BRR Questions according to SEBI Framework Indicate the total number of Employees Principle 3 Please indicate the Total number of employees hired on temporary/contractual/casual basis. Response Wise Disclosure Analysis No Report No Response Incomplete Complete Please indicate the Number of permanent women employees. Please indicate the Number of permanent employees with disabilities Do you have an Employee Association that is recognised by Management? What percentage of your permanent employees is members of this recognized employee association? Please indicate the Number of complaints relating to child labour, forced labour, involuntary labour, sexual harassment in the last financial year and pending, as on the end of the financial year. Did your company provide safety & skill up-gradation training in the last year to the given set of employees? Permanent Permanent Women Casual/ Contactual/ Temporary Disabled Permanent employees(safety and skill upgradation ) Permanent women Employee(Safety and Skill Upgradation) Casual/Contractual/temporary Employee(Safety and skill upgradation) Employees with Disabilities(Safety and Skill up-gradation)

6 Disclosure of Previous BRR Questions according to SEBI Framework Has the company mapped its internal and external stakeholders? Principle 4 Out of the above, has the company identified the disadvantaged, vulnerable & marginalized stakeholders. Response Wise Disclosure Analysis No Report No Response Incomplete Complete Are there any special initiatives taken by the company to engage with the disadvantaged, vulnerable and marginalized stakeholders. If so, provide details thereof, in about 50 words or so? Questions according to SEBI Framework Does the policy of the Company on human rights cover only the Company or extend to the Group/Joint ventures/ suppliers/ contractors/ NGOs/Others? Principle 5 How many stakeholder complaints have been received in the past financial year and what percent was satisfactorily resolved by the management? Response Wise Disclosure Analysis No Report No Response Incomplete Complete Questions according to SEBI Framework Principle 6 Does the policy related to Principle 6 cover only the company or extends to the Group/Joint Ventures/Suppliers/Contractors/NGOs/others. Response Wise Disclosure Analysis No Report No Response Incomplete Complete Does the company have strategies/ initiatives to address global environmental issues such as climate change, global warming, etc? Y/N. If yes, please give hyperlink for webpage etc. Does the company identify and assess potential environmental risks? Y/N Does the company have any project related to Clean Development Mechanism? if Yes, whether any environmental compliance report is filed? Has the company undertaken any other initiatives on clean technology, energy efficiency, Clean technology Energy Efficieny

7 Disclosure of Previous BRR technology, energy efficiency, renewable energy, etc Renewable Energy Are the Emissions/Waste generated by the company within the permissible limits given by CPCB/SPCB for the financial year being reported? Number of show cause/ legal notices received from CPCB/SPCB which are pending (i.e. not resolved to satisfaction) as on end of Financial Year. Questions according to SEBI Framework Principle 7 Is your company a member of any trade and chamber or association? If Yes, Name only those major ones that your business deals with: Response Wise Disclosure Analysis No Report No Response Incomplete Complete Have you advocated/lobbied through above associations for the advancement or improvement of public good? Yes/No if yes specify the broad areas (drop box: Governance and Administration, Economic Reforms, Inclusive Development Policies, Energy security, Water, Food Security, Sustainable Business Principles, Others) Questions according to SEBI Framework Principle 8 Does the company have specified programmes/initiatives/projects in pursuit of the policy related to Principle 8? Response Wise Disclosure Analysis No Report No Response Incomplete Complete Are the programmes/projects undertaken through in-house team/own foundation/external NGO/government structures/any other organization? Have you done any impact assessment of your initiative? What is your company s direct contribution to community development projects- Amount in INR and the details of the projects undertaken. Have you taken steps to ensure that this community development initiative is successfully adopted by the community? Please explain in 50 words, or so.

8 Disclosure of Previous BRR Questions according to SEBI Framework Principle 9 What percentage of customer complaints/consumer cases are pending as on the end of financial year. Response Wise Disclosure Analysis No Report No Response Incomplete Complete Does the company display product information on the product label, over and above what is mandated as per local laws? Yes/No/N.A. /Remarks(additional information) Is there any case filed by any stakeholder against the company regarding unfair trade practices, irresponsible advertising and/or anti-competitive behaviour during the last five years and pending as on end of financial year. If so, provide details thereof, in about 50 words or so. Did your company carry out any consumer survey/ consumer satisfaction trends?

9 Ambuja Cements Information not available for the following BRR questions Principle 5 1. Does the policy of the company on human rights cover only the company? 2. Does the policy of the company on human rights extend to group? 3. Does the policy of the company on human rights extend to joint ventures? 4. Does the policy of the company on human rights extend to suppliers? 5. Does the policy of the company on human rights extend to contractors? 6. Does the policy of the company on human rights extend to NGOs? Principle 8 1. How does the company implement its CSR operations through in-house teams? 2. How does the company implement its CSR operations through its own foundation? 3. How does the company implement its CSR operations through external NGOs? 4. How does the company implement its CSR operations through government structures? 5. How does the company implement its CSR operations through any other organization? 6. Has the company taken steps to ensure that it's community development initiative is successfully adopted by the community?

10 The National Voluntary Guidelines and Business Responsibility Report require these policies to be readily available on all companies' website. The following is your company's status on these policies as on December 31, As available on your company s website Policy/Principle Presence of policy as well as detailed mechanism Presence of policy but no mechanism Absence of Policy Principle 2 Policy that acknowledges priority to the local suppliers for its raw materials and services Principle 3 Policy that gives equal opportunity to women in recruitment Policy that gives equal opportunity to permanent employees in recruitment Policy recognising right to trade unions/collective bargaining Policy to eliminate child and forced labour Policy that highlights efforts to create an enabling environment for women Policy providing grievance redressal system for discriminatory employment Policy that recognises an equal opportunity in career advancement for employees Policy that recognises an equal opportunity in career advancement for women employees

11 Policy that recognises an equal opportunity in career advancement for contractual employees Policy that recognises an equal opportunity in career advancement for people with disabilities Policy that recognises safety of employees (OHAS) Principle 5 Policy on human rights extends beyond the company Principle 8 Policy complies with CSR expenditure as mandated by law Policy lists channels to implement CSR projects Policy has monitoring mechanism for CSR projects

12 Scores of Top 100 Companies 1 Company Ownership Sector Nondiscriminati on Employ ee Wellbeing Commun ity Develop ment Inclusive Supply Chain ABB Capital Goods ACC Housing Related Adani Enterprises Power And Diversified Adani Ports And Special Economic Zone Adani Power Ambuja Cements Asian Paints India Axis Bank Bajaj Auto Transport Equipments And Power And Diversified Housing Related Oil And Gas Finance Transport Equipment And Bank Of Baroda PSU Finance Bank Of India PSU Finance Bharat PSU Capital Goods Electronics Bharat Heavy PSU Capital Goods Electricals Bharat PSU Oil And Gas Petroleum Corpn Bharti Airtel IT, Telecom Media And Publishing Bosch Transport Equipments And Cadila Healthcare Cairn India FMCG Textiles Oil And Gas Canara Bank PSU Finance Community as business stakeholders 1 Making Growth Inclusive: Analysing Inclusive Policies, Disclosures and Mechanisms of Top 100 Companies: Praxis and Corporate Responsibility Watch 2015, Annexure 5 Page 83

13 Castrol India Oil And Gas Cipla FMCG Textiles Coal India PSU Metal, Metal Colgate Palmolive Container Corporation Of India Cummins India Dabur India PSU FMCG Textiles Transport Equipments And Transport Equipments And FMCG Textiles DLF Housing Related Dr Reddy s Laboratories FMCG Textiles Exide Industries Gail India Glaxosmithkline Consumer Healthcare Glaxosmithkline Pharmaceutical s GMR Infrastructure Godrej Consumer Products Grasim Industries HCL Technologies HDFC Bank Hero Motocorp PSU Transport Equipments And Oil And Gas FMCG Textiles FMCG Textiles Power And Diversified FMCG Textiles FMCG Textiles Healthcare And Consumer Durables It Telecom Media And Publishing Finance Transport Equipments And

14 Hindalco Industries Hindustan Copper Hindustan Unilever Metal, Metal PSU Metal, Metal FMCG Textiles Hindustan Zinc Metal, Metal Housing Finance Development Finance Corporation ICICI Bank Finance Idea Cellular IT, Telecom Media And Publishing IDFC Finance Indian Oil PSU Oil And Gas Corporation Indusind Bank Finance Infosys IT, Telecom Media And Publishing ITC FMCG Textiles Jaiprakash Housing Related Associates Jindal Steel And Metal, Metal Power JSW Steel Metal, Metal Kotak Mahindra Finance Bank Larsen And Capital Goods Toubro LIC Housing PSU Finance Finance Lupin FMCG Textiles Mahindra And Mahindra Transport Equipments And Mangalore Refinery And Maruti Suzuki India PSU Oil And Gas Transport Equipments And MMTC PSU Metal, Metal

15 National Aluminium Company Nestle India Neyveli Lignite Corporation PSU PSU Metal, Metal FMCG Textiles Power And Diversified NHPC PSU Power And Diversified NMDC PSU Metal, Metal NTPC PSU Power And Diversified Oil And Natural PSU Oil And Gas Gas Corporation Oil India PSU Oil And Gas Oracle Financial Software Petronet LNG Power Finance Corporation Power Grid Corporation Of India Punjab National Bank Ranbaxy Laboratories Reliance Communication s Reliance Industries Reliance Infrastructure Reliance Power Rural Electrification Corporation It Telecom Media And Publishing PSU Oil And Gas PSU Finance PSU Power And Diversified PSU Finance FMCG Textiles IT, Telecom Media And Publishing Oil And Gas Power And Diversified Power And Diversified PSU Finance

16 Sesa Goa Vedanta Industries Shree Cements Shriram Transport Finance Co Siemens State Bank Of India Steel Authority Of India Sun Pharmaceutical Industries Sun TV Network Tata Consultancy Tata Motors Tata Power Co Tata Steel Titan Industries Metal, Metal Housing Related Finance Capital Goods PSU Finance PSU Metal, Metal FMCG Textiles It Telecom Media And Publishing IT,Telecom Media And Publishing Transport Equipments And Power And Diversified Metal, Metal FMCG Textiles Housing Related Ultratech Cement Union Bank Of PSU Finance India United FMCG Textiles Breweries Wipro IT, Telecom Media And Publishing Yes Bank Finance Zee IT, Telecom Media Entertainment And Publishing Enterprises

17 Company Ranks for the Five Elements 2 Company Name Nondiscrimination Company ranks for the five elements Employee Community Inclusive wellbeing development supply chain ABB ACC Adani Enterprises Adani Ports And Special Economic Zone Adani Power Ambuja Cements Asian Paints (India) Axis Bank Bajaj Auto Bank Of Baroda Bank Of India Bharat Electronics Bharat Heavy Electricals Bharat Petroleum Corporation Bharti Airtel Bosch Cadila Healthcare Cairn India Canara Bank Castrol India Cipla Coal India Colgate-Palmolive (India) Container Corporation Of India Cummins India Dabur India Community as business stakeholders 2 Making Growth Inclusive: Analysing Inclusive Policies, Disclosures and Mechanisms of Top 100 Companies: Praxis and Corporate Responsibility Watch 2015, Annexure 6 Page 90

18 DLF Dr. Reddy's Laboratories Exide Industries Gail (India) Glaxosmithkline Consumer Healthcare Glaxosmithkline Pharmaceuticals GMR Infrastructure Godrej Consumer Products Grasim Industries HCL Technologies HDFC Bank Hero Motocorp Hindalco Industries Hindustan Copper Hindustan Unilever Hindustan Zinc Housing Development Finance Corporation ICICI Bank Idea Cellular IDFC Indian Oil Corporation Indusind Bank Infosys ITC Jaiprakash Associates Jindal Steel & Power JSW Steel Kotak Mahindra Bank

19 Larsen & Toubro LIC Housing Finance Lupin Mahindra & Mahindra Mangalore Refinery & Maruti Suzuki India MMTC National Aluminium Company Nestle India Neyveli Lignite Corporation NHPC NMDC NTPC Oil And Natural Gas Corporation Oil India Oracle Financial Software Petronet LNG Power Finance Corporation Power Grid Corporation Of India Punjab National Bank Ranbaxy Laboratories Reliance Communications Reliance Industries Reliance Infrastructure Reliance Power Rural Electrification Corporation Sesa Goa. Merged With Sterlite Industries (Vedanta Industries)

20 Shree Cements Shriram Transport Finance Company Siemens State Bank Of India Steel Authority Of India Sun Pharmaceutical Industries Sun TV Network Tata Consultancy Tata Motors Tata Power Company Tata Steel Titan Industries Ultratech Cement Union Bank Of India United Breweries Wipro Yes Bank Zee Entertainment Enterprises