MSPL LIMITED Baldota Enclave, Abheraj Baldota Road, Hospet-583203,Karnataka,India., www.mspllimited.com Glossary UNGC /ICMMContentMapping GRI G3.1ContentIndex Independent AssuranceStatement ANNEXURES PEOPLE PERF ENVIR ECONOMIC Sustainability F Corporate Governance About theReport REPOR Awards andAccolades Company P 5 Cardinals Mission Vision Message fromChairman&ManagingDirector COMP INDEX SOCIAL PERF ANY PR ONMENT T P ARAMETERS
rofile PERF ORMANCE OFILE ORMANCE AL F ramework ORMANCE OOTPRINT 71 70 55 52 44 37 24 20 15 11 10 09 05 04 03 03 01
P E O P L E S O C I A L E N V I R O N M E N T A L E C O N O M I C COMPANY PROFILE MESSAGE FROM CMD COMPANY PROFILE MESSAGE FROM CMD
Despite all these challenges, we have strengthened our partnerships with our stakeholders and we have not curtailed any of our community development activities. We continue to work towards societal development inspite of difficult business conditions. All the initiatives taken towards our focus areas are reflection of our staunch commitment towards community development. The impact we have created in the lives of people in surrounding We have always given the utmost value to our communities is the driving force behind our human resources and retained our manpower continued efforts to enhance the quality of life in during most part of this difficult period. However these areas. In addition to the above, we have also we regret to inform that we had to reduce some of our employees during 2013-14 due to 63 % reduction in the production capacity of our mining operations.
Our vision to create value for our stakeholders is unwavering. We understand the impact of our activities on the environment and we constantly seek opportunities to improve our environmental performance. We have adopted advanced technologies for the pellet plant that have reduced our impact on the environment. Company's state- of-the-art pellet plant is consistently supporting It gives me an immense pleasure to present you The Central Empowered Committee (CEC) Company's cash generation process and our wind our seventh Sustainability Report which outlines appointed by the Supreme Court visited all the business has also maintained a steady cash flow our overall triple bottom-line performance. Our mines in the district, made spot inspections and earning during the turbulent times. ensured compliance to the larger socio-economic approach to sustainable development is an integral submitted its report to the Hon'ble Supreme Court development programs for the region by part of our overall corporate ethos and business in February 2012. Community development is deeply ingrained in our contributing to the Special Purpose Vehicle (SPV) strategy. The sustainability performance results are ethos. Our community development agenda is as per the directive of Supreme Court for all Iron aligned to performance indicators set by Global The CEC visited VIOM in April 2013 for inspection progressively designed to create long-term positive ore mining companies operating in the region. Reporting Initiative (GRI) G3.1 guidelines. of the Rehabilitation & Reclamation (R & R) works impact on the lives of people of our surrounding implemented by VIOM and subsequently the communities. We have identified infrastructure With the resumption of our operations, we pledge The Economic and Political trends have changed operations at VIOM were allowed to be resumed and social development, community to implement our Sustainability Programs with the dynamics of iron ore mining industry over the in May 2013, though with a reduced production empowerment, education and health & hygiene as more vigour and commitment in the coming years. last few years. In the last four years, the Indian capacity. key focus areas of our community interventions. mining sector witnessed turbulent times.
At MSPL, the activities at our Vyasanakere Iron Ore Mines (VIOM) were stopped from 2009 for various reasons. Thereafter, Govt. of Karnataka imposed ban on export of iron ore w.e.f 28.07.2010. Furthermore, the Hon'ble Supreme Court of India imposed ban on mining operations in the Bellary District of Karnataka from 29th July, 2011 and also prohibited the export of iron ore.
01 02 COMPANY PROFILE
CARDINALS
VISION Innovatively harnessing the resources to find creative solutions that augment business Be valued as one of TIVITY world's leading operations provider of iron ore CREA
and value added products An unflinching promise of providing nothing short of the best in quality and quantity through state-of-the-art R&D and continuously upgrading the skill quotient of managers and workers COMMITMENT MISSION A genuine and meaningful interest in the To become the leading Iron Ore environment, by embracing green supplier in the country by technologies, afforestation programs and meeting the direct and implied air, water and soil management CONCERN needs of domestic and global customers to For the community we work in, by taking their satisfaction, initiatives that make a real difference at the grass root level in the areas of education, health through the care and overall enhancement in the living CARE employment of standards of the community state-of –the-art technology These are quality, customer relations, safety, UES care for environment, ethical business
and services of committed and AL practices, forming the basis on which the knowledgeable team members group functions and supports the framework of its operations CORE V
03 04 COMPANY PROFILE
Established in 1961, the Baldota group today comprises one of India's leading private sector Iron Ore mining companies and holds the distinction of being one of the largest producers of the wind power in the country. Built around the core ethos MSPL Limited is one of India's leading private laid down by its Founder Chairman Shri. Abheraj H. Baldota, sector mining companies with business the company has demonstrated unflinching commitment to interests in iron ore mining, pelletization of the community and environment. iron ore and wind energy. We also have an Aviation Division and have diversified into shipping through incorporation of a wholly owned step down subsidiary, MSPL Diamond Pte Ltd in Singapore. MSPL
W I N D E N E R G Y P E L L E T P L A N T M I N I N G AV I AT I O N S H I P P I N G
EXPORT ORIENTED UNIT (EOU-II) VYASANAKERE IRON ORE MINES
05 06 COMPANY PROFILE
E X P O R T O R I E N T E D U N I T SIGNIFICANT CHANGES DURING REPORTING PERIOD
During the reporting period there were no changes in the ownership and governance structure of the Company. However, the production S H I P P I N G I R O N O R E M I N E S capacity of the mining operations was reduced from 2.5 MTPA to 0.91 MTPA as per the Supreme Court's directive.
A V I A T I O N
W I N D F A R M S
P E L L E T P L A N T
OUR BUSINESS AS USUAL
VYASANKERE EXPORT WIND FARMS PELLET PLANT AVIATION IRON ORE MINES ORIENTED UNIT
Wind farms at 7 locations in Commissioned in Fleet of three aircrafts - Iron ore opencast mine in Processes iron ore excavated India - Harihar, Jogimatti, December 2010 Vise VT-AHB (Cessna Bellary - Hospet region from mines leased / operated Satara, Surajbari, Dhule, Grand Caravan), VT-RNB by other companies of Sogi & JJKL and GR Halli Capacity of 1.2 MTPA (P180, Avanti II), VT-NAB ISO 14001 certified for EMS Baldota group finished pellets, operating (CJ1+Citation Jet) Total installed capacity of on Great Kiln Technology Lease area of 347.22 hectares Crushed Ore after screening 127.8 MW as on 31st March Airport spread across 120 is further classified into Fines 2014 acres Fully mechanised downhill (0-10mm), Calibrated Lump conveyer system, two onsite Ore (10-35mm), Oversize processing plants (>35mm)
SHIPPING BUSINESS M S P L D I A M O N D P T E LT D
MSPL Limited has diversified into Shipping and has incorporated a wholly owned step down subsidiary in We have also initiated the Singapore namely MSPL Diamond Pte Ltd. MSPL Diamond Pte Ltd. The firm is currently owned and operating INDUS INDUS INDUS INDUS process for establishing four post-pamanax vessels (carrying capacity of 90000 MTS in single ship) trading worldwide and carrying PROSPERITY FORTUNE TRIUMPH VICTORY Quality Management Systems mainly coal, iron ore and grains. Our main trading partners are well known commodity traders like BHP onshore which will help us in Billiton, Rio Tinto, Louis Dreyfus and vessel operating companies like Oldendorff, Libra Shipping, and 2011 2011 2012 2013 getting certified for ISO 9001. Cetragpa etc. Our ships are in class with American Bureau of Shipping and registered under Singapore flag.
07 08 COMPANY PROFILE AWARDS AND ACCOLADES REPORT PARAMETERS ABOUT THE REPORT
MSPL Limited received the following important recognitions and awards during the reporting period.
UNDETERRED BY CHALLENGES, DRIVEN BY RESPONSIBILITY is the seventh consecutive report. Through this report we share our economic, social, environmental and occupational health & safety performance with our stakeholders. The Report delineates our sustainability performance for the periods FY 2012-13 and FY 2013-14.
Report Boundary community directly but also included government The scope of the report includes performance of our officials as in previous years. Through this operations - Vyasanakere Iron Ore Mines, Export consultation process, we were able to identify the Oriented Unit, Pellet Plant, Wind Energy Division, issues those are most material for these groups and Aviation Division and Corporate Office (Hospet). The define priorities which further allowed us to focus the The prestigious President's National Safety Award (Mines) by Ministry of Labour and Report covers all the operations we control, and that Report on the topics most material for our Employment, Government of India, second time for achieving 'the longest accident-free generate significant sustainability impact (actual and stakeholders. period' at Vyasanakere Iron Ore Mine, near Hospet, Karnataka. MSPL Limited had potential).We disclose these impacts and material earlier bagged the same award in 1987. issues as they could be of interest to our Assurance stakeholders. Our shipping operations are not Through this report, we aim to transparently MSPL Limited has adopted scientific and safe mining practices since inception and this covered under the scope of this report. communicate our sustainability agenda and latest award conferred in November, 2012 for the year 2010 is a testimony to our performance to our stakeholders. We believe that adherence to safety procedures and instructions. Such distinction amongst peers Report Data this information disclosure will assist them to better encourages us to continue adopting the world class safety practices to further pursue our This Report includes data for the reporting period 1st assess our overall performance. sustainability goals. April 2012 to 31st March 2014. Data collection precision continues to improve each year. In order to ensure reliability and traceability of the Consolidated data is collected through centralized information presented in this report, KPMG has databases, with additional data collected at site level. externally assured the report. Council for Fair Business Practices (CFBP) Jamanalal The measures reported reflect a combination of Bajaj Award for Fair Business Practices. leading and lagging performance indicators, which We welcome and value honest and constructive are further discussed in our approach. feedback to further enhance our reporting efforts. For any queries / feedback, please contact; MSPL Limited bagged the award GRI Application Level under Large Manufacturing While developing this Sustainability Report, we have E n t e r p r i s e c a t e g o r y i n used the Global Reporting Initiative (GRI) G3.1 Shrenik Kumar N. Baldota March,2013 and has won this Guidelines including the Mining and Metals Sector Executive Director award for the second time. supplement and conforms to A+ level. Please refer to MSPL Limited MSPL Limited has been the GRI Index at the end of the report. Baldota Enclave, Abheraj Baldota Road, engaged in legal mining since Hospet – 583 203 Karnataka, India. 1962. Even in the recent adverse Report Content Tel.: (+91) (8394) 232002 / 3 situation, the company did not In preparing this Report, we have sought, to add Mines: (+91) (8394) 213011 compromise on its cherished value through an expanded materiality process and Fax: (+91) (8394) 232333 values. This is befitting reward not only consulted our employees and the E-mail: [email protected] for the courage displayed.
09 10 REPORT PARAMETERS
RISK MANAGEMENT
Our Corporate Code of Business Conduct is at the core of our responsible mining practices. It commits all our employees and directors to conduct themselves in accordance with all applicable laws, rules, and regulations and to the highest ethical standards wherever we operate.
In addition to our Code of Business Conduct, a number of policies guide employees as they interact with their colleagues, people in communities, government officials, the physical environment, and others. A number of management systems – from environment to health & safety to community relations – accompany these CORPORATE GOVERNACE policies, setting expectations, defining performance standards. They provide the necessary tools to manage and improve upon our environmental, workplace and community interactions as well as impacts. At MSPL, sustainable and responsible mining refers to the values, management systems and practices we have in place to manage our impacts on and interactions with our employees, the environment, and society. The current turbulent economic and political scenario of mining industry in India reinforces the need for robust corporate governance with strong ethical values, both in letter and spirit. We have made responsible mining a core pillar of our strategy integrating it into our day-to-day work, REMUNERATION COMMITTEE INITIAL PUBLIC OFFERING planning, and decision-making everywhere we operate. COMMITTEE The remuneration committee determines the We have voluntarily adopted Clause 49 of listing agreement, even though compliance of the same is not relationship of composition to performance is clear IPO Committee is authorised to take care of offer mandatory for us. We also have in place a robust governance framework that defines how our employees, and meets appropriate performance bench marks of suppliers and contractors are expected to conduct themselves in their daily work with an outlook of community, for sale up to a limit of 1,80,00,000 equity shares of executive directors to ensure to attract, motivate and 5 each for cash by selling it to shareholders. health, environmental, safety, security and ethics. This framework is complemented by Board and executive retain them. ` level oversight and accountability to ensure we are monitoring and making progress in fulfilling our commitment to corporate responsibility. R.H.Sawkar Narendrakumar A. Baldota Independent Director & Chairman of The Committee Chairman & Managing Director And Chairman of The Committee M. Ravindra Independent Director & Member of The Committee R. H. Sawkar BOARD OF DIRECTORS AUDIT COMMITTEE Independent Director & Member of The Committee The Board of Directors consists of optimum The Audit Committee is entrusted to oversee M. Ravindra combination of Executive and Non Executive matters related to financial statements, reporting SECURITIES, TRANSFER AND Independent Director & Member of The Committee Directors of the Company. Headed by Chairman and and audit procedures of the Company. The SHAREHOLDERS'/INVESTORS' GRIEVANCE Managing Director, the executive directors under the Committee also reviews findings and COMMITTEE Rahul Kumar N. Baldota guidance and control of Board of Directors manage recommendation of the internal auditors. It is also Executive Director & Permanent Invitee the day to day affairs of the company including responsible for recommending the Board on The Securities, Transfer and Shareholders' / liquidity management, finalisation of accounts, appointment / reappointment / replacement / Investors' Grievance Committee oversees all matters ensures corporate governance and supervising the removal of statutory auditors, fixation of their audit relating to transactions in shares and other CSR COMMITTEE implementations of CSR activities. The Board of fees and fees for other services. stakeholders' grievances. Directors of the company are: CSR committee recommends the CSR projects to M. Ravindra be undertaken by the Company and also the Narendrakumar A. Baldota M. Ravindra Independent Director & Chairman of The Committee amount of expenditure to be incurred on CSR Chairman & Managing Director Independent Director & Chairman of The Committee projects. Rahul Kumar N. Baldota Rahul Kumar N. Baldota R. H. Sawkar Executive Director & Member of The Committee Narendrakumar A. Baldota Shrenik Kumar N. Baldota Independent Director & Member of The Committee Chairman & Managing Director and Meda Venkataiah Shrenik Kumar N. Baldota Chairman of The Committee Executive Directors Shrenik Kumar N. Baldota Executive Director & Member of The Committee Executive Director & Member of The Committee Shrenik Kumar N. Baldota M. Ravindra Executive Director & Member of The Committee R. H. Sawkar Independent Directors R. H. Sawkar Independent Director & Member of The Committee
M. Ravindra CORPORATE POLICIES Independent Director & Member Of The Committee AT MSPL HEALTH & SAFETY ENVIRONMENT HUMAN RIGHTS CSR
11 12 DGM T Suresh K VP Shipping & P Amitabh 13 R astogi rojects echnical
umar ORGANISATIONAL FLOW CHART P . N . Krishnamurthy Gopalakrishna GM Mines GM Plant Executive DirectorMines Dr . MedaV enk VP Mines K A Ajay KSGautam A Sukumaran Nair VP Mines T apas C. ataiah . Madhusudhana GM Mines GM CC R HM Siddalingaiah ahul K RL Mukherjee GM T Executive Director CFO reasury umar N . Baldota Subrahmaryam Ajeet K DGM P VP P KVS ower ower umar GM Materials Asiis Mishra R A ajkumar S GM-MM . R A aghavendra JR GM CC(P Ajit K VP CC ulk arni ellet) Chairman &ManagingDirector Narendrkumar A.Baldota A P Shrinivas GM L GM MKG Mohit JR ogistics . V Nabaghana P enk VP GroupHR GM HR&IR V ataramana TR A eeresh S GM HR. . any Shrenik K Executive Director A Krishnamoorthy Shivarama Bhat GM P Vinodkumar K GM P Ashok Pujar DGM Mech VP P&B ellet Plant rocess L umar N ab . . Baldota Mohan Gururaj DGM Materials VP Materials Harish MC Srinivas P N BalajiNaidu A Mruthunjaya GM CA&CS A DGM Admin GM Admin G DGM IT .S athak .R aut Janardhan R R Corp Audit DGM Costing& K GM L A A DGM- eshava BR amesha HK G Desai GM Admin egal CSR ao 14 REPORT PARAMETERS
SUTAINABILITY FRAMEWORK
STAKEHOLDER DIALOGUE Continuous efforts are made to align our business CONTRACTORS/ COMMUNITY & MATERIALITY goals to our stakeholder expectations and SUPPLIERS concerns. Stakeholder expectations and concerns Continuous efforts Our stakeholders are the group of individuals and are mapped on regular basis and appropriate are made to align our response actions are developed. These organizations who are affected or influenced in REGULATORY business goals to our expectations and concerns form a vital input to AUTHORITIES NGOs some way by our operations and activities whether stakeholder it is in our role as an explorer, an employer or as a materiality assessment and overall business company generating revenues and helps to boost planning. Appropriate response actions are expectations and local economies. developed as part of sustainability framework and concerns. Stakeholder business planning activities to address stakeholder MSPL expectations and Our periodic interactions with these groups provide expectations and concerns. Communication on important feedback and guidance to help improve response actions is provided to the stakeholders concerns are mapped our social performance. While the nature of our through various media based on the engagement on regular basis and modules. engagement can vary from an ad-hoc meeting to a CUSTOMERS EMPLOYEES appropriate response long-term partnership, the way we engage is always driven by our core values. actions are developed.
INVESTORS/ LENDERS
How We Engage with Our Stakeholders Shrenik Kumar N. Baldota Executive Director STAKEHOLDERS KEY INTERESTS AND CONCERNS METHOD OF ENGAGEMENT Our Sustainbility strategy Social Development One-to-one Interactions, is driven by many Communities overlapping goals like Initiatives of MSPL Field Visits by MSPL field officers Rahul Kumar N. Baldota reduced inputs, resources Executive Director efficiency, higher value, Contract Negotiations, Contractors / Suppliers Quality, Delivery, Cost better products, new At MSPL, we put greater Contract Performance Reviews businesses, biodiversity emphasis on sustain ethics management and and value judgements that Customer Feedback / Satisfaction implementation of Customers Quality, Delivery, Cost help to improve Survey, Top Management Interaction reclamation and communication between rehabilitation plans. This all our stakeholders and HR Policies and Practices, Employee HR Interactions, Notices and results in an abundance of Employees help in transforming our Training and Development Initiatives Announcements, Emails win-win opportunities. surroundings into a better place of living for future MSPL's Financial & Operational Annual Report, Investment / Investors / Lenders generations and fellow Performance and Regulatory Compliance Loan Applications creatures. Social Initiatives, Initiatives' Planning and NGOs Program Management Implementation
Applications, Compliance Returns, Regulatory Authorities Regulatory Compliances Regulatory Meetings
This year, we have obtained feedback from select stakeholders to gain their perspective and feedback. Focussed group interactions and one-to-one interactions were conducted with the members of the communities, employees, NGOs and regulatory authorities. The feedback was collated & analysed and was used as an input for the materiality assessment process.
15 16 Our Industrial Associations
INDUSTRY ASSOCIATIONS GRADE NAME OF EMPLOYEE
Jain International Trade Organization Member Shri. Narendrakumar A Baldota
Mines Safety Association of Karnataka Honorary Secretary Dr. Meda Venkataiah Regulatory Landscape Climate Change Mining Engineers Association of India Trustee Dr. Meda Venkataiah
Geological Survey of India Member Dr. Meda Venkataiah
Federation of Indian Mineral Industries Member Dr. Meda Venkataiah
Indian Institute of Miner Engineers Member Dr. Meda Venkataiah Health & MATERIAL National Institute of Personnel Safety Chairman Shri. N. Pany Management, North Karnataka Chapter ASPECTS FOR Community OUR Development Mining Engineers Association of India - Life Member Shri. K. Madhusudhana Bellary & Hospet Chapter SUSTAINABILITY
Federation of Indian Mining Industry Member Organisation
FICCI Member Organisation Employee Training & Indian Wind Power Association Member Organisation Development Energy MATERIALITY ASSESSMENT Security
Material issues guide our efforts in developing and implementing the sustainability framework. It is imperative Environment to identify material issues which are not only of business interest but also reflect stakeholder concerns and & Biodiversity expectations. This year, we have conducted a materiality assessment exercise to relook at our sustainability priorities and align them to stakeholder concerns and expectations. These issues were prioritized and mapped against stakeholder concerns and expectations through focused stakeholder engagement.
MSPL's material aspects continue to be almost same as previous reporting period. MATERIALITY MAPPING
IDENTIFYING PRIORITISING ANALYSING MATERIAL ASPECT OUR RESPONSE REPORT REFERENCE
As we look to the future, we anticipate climate Identification of issues in Rank the significance of Through the process of context of our social and each identified issue in engagement and change will place significant pressure on natural environmental impacts terms of importance to assessment 07 material resources availability for the larger Refer to our chapter stakeholders and the level issues were identified that Climate Change stakeholders. We understand the risks and Environmental are of high importance of impact it can have on opportunities of climate change and how they Footprint our operations affect our organisation., We believe, we can reduce our own impacts through energy and Internally, the issues are We assess our progress in managing each issue water conservation and greenbelt development. informed to us by our Issues are then categorised and summarise our employees and subject into low, medium and high progress in our matter experts from the importance. sustainability reports management We acknowledge the importance of preserving biodiversity and the challenge it presents to all land users. We seek to effectively engage with Refer to our chapter Externally, we are informed Environment & stakeholders to best understand and manage Environmental in our community Biodiversity these issues. We also aim to deliver lasting meetings, issues raised by benefits to the environment and society by Footprint external stakeholders improving natural resource management and through various enhancing bio-diversity. mechanisms
17 18 Meeting growing energy demands while restraining carbon emissions is a global challenge. We acknowledge the fact of Refer to our chapter Energy Security operating in an energy-intensive industry. We Environmental are actively managing risks associated with Footprint climate change with focus on energy conservation and energy efficiency.
We value promoting from within and seek to build a high-performance organisation, while investing in our own people. We develop the Refer to our chapter Employee Training & skills and capabilities of our workforce through Workforce Development regular performance reviews combined with Management training and development programs.
A safe and healthy workforce is an engaged and productive workforce. Effectively managing Refer to our chapter workplace safety, occupational health, and Workforce Health & Safety employee wellness is a direct investment in the Management long-term health of the business, its employees and our associated host communities.
Engaging openly with our host communities, governments and other key stakeholders is important when trying to ensure that our Community Refer to our chapter activities positively enhance the lives of people Development Community who live near our operations and society. By Development working together with our communities, we aim MSPL's economic bottom lines were to create opportunities that are aligned with badly impacted due to turbulent their interests and build mutual relationships. times in Indian Mining Industry during last 3 years. MSPL's revenue We understand that the changing and degrew by 45 % in 2012-14 compared increasingly demanding regulatory to 2008-10. Nevertheless MSPL's environment pose serious risk to our business This aspect has prudent financial policies and forward Regulatory and the expectations on proactive stricter been addressed in Landscape compliance from the regulators and society. We the report in the integration into pellet plant helped it have implemented the various necessary and overcome financial challenges and recommendations for the Reclamation & relevant chapters Rehabilitation (R & R) works by The Supree stride on sustainable path by Court appointed Central Empowered achieving 19% growth over previous Committee (CEC), leading to resumption of the reporting period 2010-12. operations at VIOM.
19 20 ECONOMIC PERFORMANCE
ECONOMIC OUR APPROACH PERFORMANCE
The mining industry provides jobs, skills and training, pays taxes and royalties, buys goods and services from FY 2012-13 FY 2013-14 local businesses and helps to develop and improve infrastructure in local communities. This can make a PARAMETER Figures in Million Figures in million sustainable contribution to improved health, prosperity and living standards. ` ` Economic Value Generated Global economic and political trends have changed the mining industry over the last couple of years. Internationally, the mining industry moved into a new era. In the Indian scenario, the mining sector witnessed Revenues 5945.13 8363.25 very turbulent times. It was under the scanner with the illegal mining scam in Karnataka coming to light. In spite of the various challenges we faced, we have exhibited and remained committed to high standards of ethical Economic Value Distributed behaviour. Operating Costs 4961.17 5628.24
Employee wages and benefits 447.41 402.77
OUR PERFORMANCE Payments to providers of capital 1204.43 1334.41
Payments to Governments (Incl. contributions to SPV) 139.49 102.49 Despite the tremendous pressure arising from The Company's policy towards capital investments above mentioned conditions, MSPL Limited ensures that decisions are made with the long-term Economic Value Retained 807.37 895.34 continued its march towards sustainable view in mind. The newly built pellet plant development. We follow prudent financial policies commissioned in the year 2010-11 provided a relief *MSPL has not received any significant financial assistance from the government in the reporting period with judicious deployment of resources. The to the Company's cash generation process which Company has healthy financials. The Company has was impacted due to cessation of mining operation. COMMUNITY well laid down procedures, guidelines and policies Besides, our wind power business has also for mitigation of key financial risks. The Company maintained a steady cash flow earning. DEVELOPMENT recognises that its business is capital intensive, requiring sizeable investment in capacities, We have also put community strategies and social MSPL endeavours to contribute towards improving people's living conditions, strengthening relationships with products, infrastructure and capabilities. As part of involvement plans in place at all sites to bring these communities, fostering social investments, respecting local cultures and minimizing the impact of its actions. its strategy process and review, the Company contributions to fruition and ensure that our regularly identifies the need for new projects for presence creates sustainable benefits in long term. investment, product development and capabilities.
During the same period, The newly built pellet plant commissioned in the year 2010-11 provided a relief to During the Year 2012–2013 we invested the Company's cash generation process which was impacted due to cessation of and Year 2013-2014 our voluntary `.65,19,534.00 towards mining operation. Besides, our wind power business has also maintained a steady community investment totalled environmental management and cash flow earning. `. 6,80,89,891.00 conservation activities
21 22 LOCAL INFRASTRUCTURE PROCUREMENT DEVELOPMENT
Our operations create a strong demand for In addition to the direct economic contribution we products and services. We recognise the benefits make through taxes, our operations and projects of local economic activity by supporting local often develop and maintain infrastructure such as businesses. Though not formally guided by a roads, water and power supplies for their own use, policy, we prefer to procure goods and services which benefit local communities as well. Some of locally where such goods and services meet our these infrastructure projects go beyond meeting requirements and quality criteria. Through local our own operational needs and are funded through expenditure, we stimulate progress in the regions our CSR programs for the exclusive benefit of local where we operate. community.
Irrespective of the region of procurement, all our contracts and agreements include human rights JOB clauses including labour rights, humane treatment CREATION of employees, living wages and prohibition of child & forced labour etc. All our business partners are subject to screening on human right aspects. Our operations directly employ around 1170 employees. This brings socio-economic benefits to remote and less developed regions where there is little alternative occupational opportunities, basic CUSTOMER occupational skills and qualifications. We recognise ENGAGEMENT the importance of recruiting local people and imparting the skills to help improve their employment prospects and overall livelihood. Customers are an integral part of our stakeholders and vital for our business operations. We receive feedback from them on a regular basis and address their concerns and consistently measure customer satisfaction. During the reporting period, we have not received any substantiated complaints from our MSPL is consciously working to customers on use of products or breach of customer information privacy. mitigate impact on environment due to its operations. To create sustainable We share a common responsibility along with our impact, MSPL spent 65 Lakhs stakeholders like customers, suppliers and ` regulators to ensure the safe usage of our products towards environmental management across their lifecycle. We provide requisite and conservation activities. Moreover information to our customers on health and safety we also outlaid 4.19 Crores for the aspects of the product as per the statutory ` requirements. There were no associated legal non- implementation of reclamation and compliance or penalty issues with respect to our rehabilitation (R&R) Plans. All our products and their labelling in the reporting period. initiatives like downhill conveyer Our marketing efforts are focused on specific system, investing into the advanced segment of key customers. No significant non- technologies at pellet plant, making compliance or monetary fines were levied on us efficient use of water and energy in due to non-adherence to voluntary or regulatory marketing codes. our operations and mine closure plan are driven by a great responsibility that we uphold.
We share a common responsibility along with our other stakeholders like customers, suppliers and regulators to ensure the safe usage of our products across their lifecycle.
23 24 ENVIRONMENTAL FOOTPRINT
OUR APPROACH
At MSPL, we understand the importance of sustainable mining practices. We have been always the pioneers in adopting environment-friendly mining techniques and technologies. We are committed to identifying, understanding and mitigating the negative environmental impacts of our activities across our global operations. We also focus on identifying and seizing opportunities to help protect and improve the environment.through initiatives like regenerating degraded landscapes and creating protected areas for biodiversity-rich habitats that exist on the land that we lease or own.
OUR PERFORMANCE
We have reduced manual intervention in our Thereby we have also improved the overall mining activities with the help of the advanced efficiency of our supply chain. technology. At MSPL, training on environmental awareness and We are one of the first few private companies to competency is part of the learning and install downhill conveyor system to improve development curriculum. It is in line with the operational efficiency and reduce transportation Internal Standards for Environmental Management related impacts. By employing rail transport systems ISO 14001, safe work practices and instead of road wherever feasible, we have cut housekeeping. down the resulting emissions due to logistics.
With careful planning, management and sufficient CLIMATE resources, mine areas can be rehabilitated and CHANGE AND restored to an ecological status which is very similar ENERGY to conditions before the mining activities started; MANAGEMENT Energy Consumption per every tonne of product can be further reduced and will be increasingly switched We believe that climate change is to low-carbon / renewable sources wherever a serious environmental challenge available and cost-effective; requiring credible action. Mining Cost-effective, innovative and safe solutions to activities impact the natural capturing and storing or sequestrating CO 2 environment due to their basic emissions from burning coal and agglomeration of nature. We believe that much can ores are developed and implemented with the right be done to mitigate these impacts collaboration under government policy frameworks, and ensure that they are not long Net water consumption can be reduced to levels that term or unsustainable. are equitable and sustainable where water resources are scarce and need to be shared fairly with other users such as farmers and local communities.
25 26 ENVIRONMENTAL FOOTPRINT
We are recognizing this and committed to reduce Our Direct and indirect energy consumption for each operation during the reporting period is illustrated below. emissions of greenhouse gases from our facilities and allied operations. As the global community Direct Energy (GJ) develops approaches towards reducing greenhouse gas emissions, we acknowledge that voluntary measures alone may not be enough. Aviation Corporate Office Corporate Office our wind farms have a 7,568.51 Mines - VIOM We are committed to invest in reliable and 4,293.67 3,012.74 Power Generating Capacity of 34,451.77 environmentally sustainable energy sources. We Aviation 127.8 MW. Mines - VIOM EOU - II continue to increase our investment in clean energy 17,820.40 7,536.42 Pellet Plant 251.14 (wind power). EOU - II 5,81,274.93 342.75 Pellet Plant 5,14,204.68
2012- 2013 2013-14
Net Net Net Net INSTALLED Electricity Electricity Electricity Electricity WIND FARM CAPACITY Generated Exported Generated Exported MW (MWh) (MWh) (MWh) (MWh) 2012-13 2013-14 Satara (Maharashtra) 1.00 1083.97 1062.75 1210.97 1087.58
Harihar (Karnataka) 6.00 8324.4 8172.42 9394.88 9237.24 Indirect Energy (GJ) Jogimatti (Karnataka) 11.25 28750.26 28528.19 28165.47 27917.59 Mines - VIOM Surajbari (Gujarat) 16.20 10005.27 9724.34 10142.87 9988.02 Corporate Office Mines - VIOM Aviation 1,940.5 1,577.41 789.02 95.97 Dhule (Maharashtra) 20.00 39861.49 39737.50 40916.57 40792.37 Aviation EOU - II EOU - II Corporate Office 1.732 130.42 403.57 Sogi & JJKL (Karnataka) 46.25 111244.73 108962.24 105414.60 103406.71 Pellet Plant 644.71 1,26,835.2 Pellet Plant GR Halli (Karnataka) 27.10 55461.09 54892.28 57008.45 56389.40 1,43,136
ENERGY Total Energy Consumption We consumed 611300.29 GJ of direct energy during 2012-13, and 559456.77 GJ of direct energy 2012-13 2013-14 during 2013-14. Whereas our Indirect energy 1,29,848.09 consumption was 129848.09 GJ and 145706.47 GJ 1,45,706.47 during 2012-13 and 2013-14 respectively. We use coal in our pellet plant operations, diesel in our mining operations and Aviation Turbine Fuel (ATF) in Aviation business as primary fuel sources. EMISSIONS During the reporting period, 854852.51 GJ and 6,11,300.29 5,59,456.77 827170.4 GJ of renewable energy were generated Our direct GHG emissions for the years 2012-13 and 2013-14 were 57521.77 tonnes of CO e and from our wind farms during 2012-13 and 2013-14 2 53204.65 tonnes of CO e respectively. Indirect GHG respectively. 2 emissions for the reporting period measured was 129848.09 tonnes of CO e and 145706.47 tonnes of 2 FY 2012-2013 FY 2013-2014 CO e. 2 Indirect Energy Direct Energy
27 28 Direct Emissions (tCO e) EMISSION 2 INTENSITY PERIOD COMMENTS Corporate Office tCO e/TONS Mines - VIOM 2 220.34 Mines - VIOM Corporate Office 1,320.49 PRODUCTION 2,552.88 314.95 Aviation EOU - II 532.50 EOU - II 2007-2008 0.005 Considered as base year Aviation 25.40 531.65 18.61 Pellet Plant 2008-2009 0.005 Emissions Projected in CSR Report 2008-2009 55,329.27 Pellet Plant 49,880.32 2009-2010 0.004 Emissions Projected in CSR Report 2009-2010
2010-2011 0.033 Emissions Projected in CSR Report 2010-2011
2011-2012 No Operations
2012-2013 No Operations
2012-13 2013-14 2013-2014 0.006 Emission Included VIOM, EOU-II and Corporate Office
Indirect Emissions (tCO e) 2
Corporate Office Mines - VIOM Aviation Mines - VIOM 333.01 22.66 458.17 166.57 Aviation Corporate Office EOU - II 0.36 30.79 EOU - II 136.10 Pellet Plant 95.28 33,796.00 Pellet Plant 26,776.32
156.31
2012-13 2013-14 113.72 FY 2012-2013
Our primary response to emissions reduction To ensure minimum air pollution, we introduced a FY 2013-2014 remains using energy more efficiently - principally completely covered downhill conveyor system at implementing innovative technology solutions VIOM that reduces road haulage and related around the optimisation of processes and emissions, as well as dust generation. Wet drilling machinery used in the mining industry. We have and dry drilling with a dust extraction system 40.36 showcased our GHG Emission Profile on is also carried out to help reduce dust 37.26 succeeding page. generation. ESP dust generated in the pellet plant 8.26 operations is recovered and reused in the process. 6.09
mg/Nm3 mg/Nm3 mg/Nm3 We have considered 2007-08 Particulate Matter SOx NOx as our base year and We aim tCO2e to Reduce our Emission Intensity * The above reported values are average concentrations (of 5 stacks present in the Pellet Plant) against each of the parameter. to 0.005 tCO2e by 2015-16.
29 30 We do not monitor the consumption of Ozone Depleting Substances (ODS) in our operations, however we intend to monitor the same in future. Noise levels are regularly monitored using decibel meters at pre- Installation of automatic Star Delta change over module for existing 0.25 determined locations in our operation areas. We cover crushers and screens to help reduce decibel levels. Our Star Delta Starter for conveyor Q1 and Z2 heavy machinery and dumpers operating in our mines adhere to Euro II standard requirements. There were no significant spills reported during last two years in our operations. Replacement of Impellor for pelletisation cooling water pump 1,2 and 3 2.70
Energy Saving Initiatives at Pellet Plant MATERIALS MANAGEMENT
We have planned and installed energy efficient motors at We are part of an extractive industry and we of the metals from the ores we mine. Most process our Pellet Plant, which consume less electricity, making understand the significance of material materials are consumed in mining and processing the operations energy efficient. An Energy audit was stewardship in processing natural resources. Our applications. Key materials include oil, grease and carried out at our Pellet Plant in the month of April'2013 aim is to maximize the utilization of resources explosives. We have standard operating to further identify opportunities for energy conservation. extracted due to our mining operations and procedures for (SOP) in place for the safe storage, The following energy conservation initiatives were minimize the material consumption for our handling, and disposal of our process materials. implemented subsequent to the audit. operations. We plan to develop or adapt our processing plants Implementation of electrical energy saving initiatives The materials we use can be broadly separated to make 100% recovery of iron ore. We have also began in April' 2013. After the implementation of the into two categories, raw materials (the ore which identified associated minerals which may have suggested initiatives, saving in electrical energy is we extract) and process materials (which include alternative uses and are working to implement estimated to be around 34 Lacs KWH per year. New the chemical reagents and other supplies used in recovery and sale of these minerals. We reuse ESP Burner Management System (BMS) for 'Traveling Grate' the acquiring and production but not the part of has also been installed and commissioned at the Pellet dust in our pellet plant to reduce the requirement our final products). Process materials include for fresh materials. plant in December – 2013 in addition to the below consumables and reagents used in the extraction implemented initiatives. By installing BMS system, an average saving of Fuel Oil is estimated to be 1.4 Kg/MT and 16.8 lacs Kg per Year at pellet production of 12 lacs MT per Year.
ESTIMATED ANNUAL ENERGY CONSERVATION INITIATIVES IMPLEMENTED ENERGY SAVING (IN LACS KWH)
Conversion of cooling tower fan motor connection from Delta to Star mode 0.07
Cyclic operation of transformers by online load transfer and switching off 0.31 standby transformer
Optimization of HR fan speed 4.72
Voltage reduction in transformers by adjusting tap change 0.88
Reducing the voltage for lighting circuit 0.35
Stopping cooling water flow to non operating compressors 0.50
Avoid misuse of expensive high pressure compressor air for 2.52 motor cooling, cleaning and pneumatic valve operation
Replacement of Suction Damper with Inlet Guide Vane 0.16
Reducing Bentonite Vent fan speed by changing pulley 0.39
Installation of VFD for Annular Cooler Fan 1 3.28
Installation of VFD for PE SP ID Fan 6.56
Installation of VFD for PCI ID Fan 1.35
Installation of VFD for conveyor 18, 19 & 20 0.42
31 32 33 Cotton W L EOU II Safety F Cardex F SOD Liquid Oxygen Ammonium Nitrate Slurry Explosives Used * Noexplosivesusedintheyear2012-13 Explosives L Grease Mines -VIOM P P Corporate Office
Iron Ore ubricating Oils ubricating Oils aper ellet Plant Dolomite P Consumed urchased resource usage.W evolving aswecontinuetogainknowledgeandinsightinto operate. Ourwatermanagementprogramisprogressively harm totheenvironmentorcommunitieswherewe water resourceswhileseekingtoachievenolongtermnet As awatersteward,ouraimistomaximizethevalueof green beltdevelopment. our waterrequirementinan efficient manner monitor ourwaterconsumptiontoenableusmanage processing intense waterusageinminingoccursore resources andspecificwaterusagefactors significant interactionwithsurfaceandundergroundwater Mining standsoutfromotherindustriesduetoits W A use use TER MANA aste , systemcooling T T T Units Reams Units T KL Units Metres Metres Nos T T T Units T KL T Units ons ons ons ons ons ons ons ons ons e havemadeconcertedeffortsto GEMENT 622.72 494393.00 546780 2012-13 1184 2012-13 0.22 1.59 2012-13 were used. explosives hence no 2012-13, in theyear operational were not mines Since the 2012-13 0.00 58.30 1.89 2012-13 , dustsuppressionand 3864.01 673451.5 610253 2013-14 1040 2013-14 0.00 8.2 2013-14 424.56 86225 750 1260.77 54.61 11.77 2013-14 111.13 119.33 2.27 2013-14 . The most . * ESPDustistherecycledmaterialusedinprocessofP Grinding Balls P ellet Plant Cotton W Grease Wind Business ESP Dust* L Grease Bentonite lumps Hydrated lime Limestone 70mm 60mm 50mm 40mm F Hydraulic Oil T L ransformer Oil ubricating Oils ubricating Oils ilter element aste Units Nos KL KL KL T T Units T T T T T T T T T KL ons ons ons ons ons ons ons ons ons ons ons 7 0.42 0.92 10.13 0.87 1.32 2012-13 3926.19 8.61 10.79 2583.96 0.00 721.81 194.00 147.66 21.00 10.00 2012-13 41 0.82 1.17 11.65 1.09 1.27 2013-14 2871.7 11.51 9.80 3799.68 3.98 3527.61 235.0 441.10 147.87 90.22 2013-14 ellet Plant * TheconsumptionillustratedaboveatourVIOMoperationsisthetotalwaterfromvarioussources(T the ironoreslurrythickenerandcleaning&maintenanceofreservoirsatPlant. The waterconsumptionatP water footprint. consumption andconservationprojectstoensureminimal our operations,wecontinuetoimplementwaterreductionin reused forgreenbeltdevelopmentanddustsuppression.At runoffs andstorerainwater plugs and25checkbundswereconstructedtoplugwater T domestic usage. (EOU at ourmines.Thewaterconsumptionprocessingunit consumption ofwaterisfordustsuppressionandplantations By verybasicnatureofouroperations,majority Consumption KL o harvesttherainwateratourVIOMoperations,54gully W Our Operations(inKL) W ater ConsumptionatVIOM ater Consumptionat -II) isforthewetbeneficiationprocessinadditionto Rain W 16,008 CORPORA ater 25,880 Consumption KL TE OFFICE 24,906 T anker W . Theharvestedrainwateris ellet Plantwassignificantlymoreintheyear2013-14duetofrequentbreakdownof 26,368 2012-13 ater 82,793.5 PELLET PLANT 1,67,474.3 845 A VIA Consumption KL TION 360 Rain W 63,976 ater 35,671 EOU Consumption KL T 21,305 -II anker W 2013-14 24,826 anker W ater 42,376 ater andRainW VIOM FY 2013-14 FY 2012-13 88,802 ater). 34 WASTE WATER RECYCLED/REUSED WASTE DISPOSED
Mines - VIOM Units 2012-13 2013-14 Wind Business Units 2012-13 2013-14 Lube Oil KL 2.94 6.93 Lube Oil KL 4.196 11.643 Grease Tons 1.89 0 Grease Tons 0.47 0.50 122.55 115.2 Rubber Tyres Tons 73.51 38.9 Transformer Oil KL 0.13 0.54 Non Reusable Scrap Tons 60.6 0 Corporate Office Units 2012-13 2013-14 Overburden Tons 0 882760 Newspaper sold Tons 1.04 1.54
Mines - EOU II Units 2012-13 2013-14 Scrap Tons 36 37 EOU-II KL The waste water discharged is suitably treated to Lube Oil KL 3.43 8.24 Aviation Units 2012-13 2013-14 meet the regulatory norms. Efforts are made to Rubber Tyres 4.1 VIOM KL reuse the water to reduce the requirement for fresh Tons 120 190 Waste Fuel KL 0 0.42 water. Effluents from domestic and process Non Reusable Scrap Tons 9.6 1.10 Pellet Plant Units 2012-13 2013-14 FY 2012-2013 FY 2013-2014 sources are treated and reused for gardening. Reusable scrap Waste Oil KL 6.40 1.00 Nos 0 105 (PVC Pipes) * The above figures indicate only the type of waste disposed during the reporting period. WASTE MANAGEMENT To avoid potentially harmful post-closure mainly on the type of mining or exploration environmental and social impacts, we take activities, as well as local opportunities to recycle BIODIVERSITY AND LAND MANAGEMENT significant steps to ensure that the waste generated or reuse some of the wastes. To help reduce soil through our processes is effectively managed. Systems are put in place that will help us to Our aim is to reduce long term risks and liabilities recover optimum minerals available through to ensure that mining is a foundation for a better systematic mining, processing and stocking of future for the surrounding communities. We have minerals under our “Zero-Waste Management” approved mines closure plan as per Indian plan. regulations to mitigate the environmental risks associated with mine closure. We have not closed Our mining and processing operations generate our mining operations till date. various non-hazardous wastes and hazardous wastes which include waste oil, grease, Oil soaked cotton waste, tyres and other scrap. The proper management and disposal or recycling of these wastes are necessary to avoid environmental impact. MSPL aims to reduce both the quantity and toxicity of our waste, to find opportunities for environmentally sound recycling or reuse of our We are conscious of our impacts on biodiversity wastes. It also further intended to continuously erosion and related water pollution, we endeavour and have taken efforts to reduce the impacts. Every ensure that our remaining wastes are managed and to contain all run-off within our mine lease area by year we carry out plantation of a minimum 20000 disposed of in a safe and environmentally discharging only clean water. To help achieve this saplings and so far we have accounted for responsible manner. aim, we have constructed gully plugs and check plantations of 18.25 lakhs saplings in our lease area. bunds across streams flowing through our mine We also involve local school children to actively Waste management strategies and plans are a lease areas. The disposal of our hazardous waste is participate in our afforestation program during the prerequisite at all our operations to reduce, reuse, closely controlled and carefully managed, both at World Environment Day. recycle and properly dispose of waste. These plans the operations and the receiving facilities and is will vary significantly between sites, depending subject to regular EMS & QMS audits. MSPL has been supporting the activities of Society for Wildlife and Nature (SWaN) for creating awareness among the students, documentation on birds of Bellary and other areas of North Karnataka, protection of migratory birds and breeding birds at Our aim is to reduce long term ZERO-WASTE To help reduce soil erosion and related T .B. Dam, and campaign against ritual hunting and risks and liabilities to ensure water pollution, we endeavour to contain monitoring of the Great Indian Bustard. We that mining is a foundation for a MANAGEMENT continued our support by formation of nature clubs all run-off within our mine lease area, by better future for the PLAN. in Hospet and Koppal talukas to create awareness discharging only clean water. about wildlife and preserving nature and natural surrounding communities. habitats through special programs.
35 36 SOCIAL PERFORMANCE
relationships with local communities,. This includes COMMUNITY DEVELOPMENT respect for the cultural heritage, customs and rights of these communities including those of indigenous people. The communities surrounding our operations are our neighbors, business partners and future workforce. We can maximize the positive impacts of our activities and avoid or minimize any potential negative effects by working closely with them. Our engagement with them helps to secure broad-based support for our activities, which is vital to ensuring their sustainability.
We are a responsible corporate citizen. We believe in empowering and assisting our communities in their road to development and have tailor made programs to this respect. We work towards helping communities irrespective of the nature of our operations and have not stopped our programs. We have focused our community development programs on infrastructure and social development, empowering villages, education and health & hygiene.
We recognize that it is essential to maintain a We work towards helping dialogue with the diverse communities in which communities irrespective we operate. It is a key element of our approach to sustainability and risk management. The local of the nature of our community and the society at large are our operations and have not important stakeholders. We respect and promote human rights within our area of influence in our stopped our programs. During the reporting period, MSPL complied with statute and contributed 10% of The following is the Community Expenditure for the reporting period revenue to SPV for the development of region. Chief Minster Relief Fund However it further proactively 5,00,000.00 contributed `6,80,89,891, which is 26 % higher than Art & Culture 13,75,922.00 previous reporting period. No. 22,22,600.00 of SHGs also rose to 115 from 9,11,865.00 93, touching more lives and 1,17,638.00 293,20,000.00 increasing beneficiaries of our interventions. 2,98,931.00
1,27,59,452.00 Further, we have contributed `1,16,933,202 and `3,22,896,034 towards SPV for the community 95,37,207.00 development activities to be taken up in the region as per the directive of The Hon'ble Supreme Court of India in the 17,33,729.00 year 2012-13 and 2013-14 respectively. 93,12,547.00
37 38 blood issued per day to 20-25 units per day – the Issued Aid Total HEALTH & HYGIENE blood bank has come a long way. The blood bank 2012 2013 2014 marked a milestone by completing 10 successful Limbs 99 82 159 340 years of touching lives in year 2012. Cretches 36 29 10 75 1. Blood Bank The Baldota Group celebrated the 10th anniversary of the Blood Bank by installing a blood component Calipers 84 112 167 363 separation unit. Inaugurated by Smt. Vasantidevi A. Tricycle Baldota and Shri Narendrakumar A. Baldota on 15 5 6 26 22nd December 2011, this new installed unit will Wheel Chair 15 5 5 25 further enhance the effective usage of blood for people in need. Surgery 28 - - 28 - - A blood component separation unit simply Walker 5 5 separates the whole blood unit into three 282 233 347 862 components - packed cells instead, plasma and platelets. It is very crucial, as patients often need particular constituents of blood. This helps in using available blood more effectively as one unit of 3. Eye Operation 4. Drinking Water Project blood can be used for three to four patients. Losing eyesight is equivalent to losing means of Clean drinking water is the need of the present as livelihood for the poor. MSPL conducted 19 eye well as the future generations. To improve the camps with 254 patients successfully operated quality of water in villages , we have installed 5 upon at our adopted villages fulfilling the need of water purification plant with capacity of 1,000 ltrs Every two seconds someone in the country needs The Baldota Group proper eyesight treatment for the underprivileged. per hour at Hanumanhalli, Basapur, Halvarthy, blood. Extrapolating this statistic to the population Out of the 950 people who were screened for eye Hospet (Chitwadgi), Jaishingpur under partnership of Hospet, 20 - 25 people in Hospet require blood celebrated the 10th illness, 473 were called for operation. with the local community every day. Unfortunately, Hospet had no blood anniversary of the Blood bank until 2001. With a history of 300 recorded Bank by installing a blood accidents every year, the town got a new lease of life in the form of Smt. Vasantidevi Baldota Blood component separation unit. Bank. From a humble beginning of 1-2 units of
2. Artificial limb and Calliper Camp
MSPL Limited along with Bhagwan Mahaveer Viklang Sahayata Samiti, Jaipur initiated a camp for a much needed cause. The objective was to empower the disabled people, especially the financially-challenged with free Jaipur Foot / Limbs and Calipers in and around Hospet and Koppal. Doctors screened 461 people in this camp held at Hospet from 16th to 19th May, 2013 and 233 were given free-of-cost aids to overcome their challenges.
The camp was reorganised in the year 2014 To improve the quality of water from 10th to 13th of February. The total number of people who registered for the 4 in villages, we have installed days camp was 434 out of which 347 were 5 water purification plant each referred to get the aids. with capacity of 1,000 litres per hour under Public Private The aids provided includes artificial foot / limb, crutches, calipers, tricycles, wheelchairs, Partnership. physiotherapy. Some beneficiaries were also referred for surgery.
39 40 HELPING IN ENTREPRENEURSHIP WOMEN EMPOWERMENT FROM GLITCH TO STITCH - 35 yrs old Imam Bi from Hanumanhalli village is a STORY OF A BREAD EARNER member of Bibi Fatima Women SHG. She joined MSPL has imbibed the thought of women the SHG when she heard about the various benefits empowerment deep in its Sustainability philosophy. received by other women who were part of the Self Help Groups (SHGs) have been formed to uplift SHG. The reason she wanted to start her own the socio-economic frame of these underprivileged business through the Animal Husbandry Initiative sections in the communities in which we operate. was the low income of her family. She availed a Khaja Banni is from the group of women who were loan of `20,000 from the SHG. She is happy now benefited by the tailoring training. Her husband These SHGs engage and encourage women to with the added income in the family by selling milk was the sole earner of her family who worked as a focus on savings and credit, income generation, from the cow bought through SHG's loan. driver to fulfill the needs of the 4 memebr family. skill training and social development activities. 115 Her husband had to quit the job leading to financial SHGs have been formed in the villages adopted by crisis due to some critical and unavoidable us benefiting 1,392 families. These SHGs have a The success story of the women self-help group conditions. But Khaja Banni was courageous & self from adopted villages in and around Hospet is motivated and took up the tailoring training course common fund of `10,842,309 access credit. We applaud the SHGs for achieving this inspiring feat rapidly evolving. The group that started with weekly conducted by MSPL Limited as part of women empowerment initiative. and wish them many more successes on the path savings of `20 per member is now helping the to empowerment. needy. After the successful completion of 6 months of tailoring course, a sewing machine was provided to her. Now she earns for her family and is able to meet the requirements of her family through Rangraju was reluctant on his wife Jayamma joining the SHG started by MSPL stitching and also by conducting tailoring classes Limited in their village as a women empowerment initiative, as they belonged to a for other women in her village. poor and orthodox family. But as the SHG progressed he realized the various benefits a SHG could provide to women in terms of skill development, self dependence, SHG - ALSO financial help. As a result, his objection towards his wife joining the SHG gradually BRIDGING reduced. Out of the many benefits, one benefit that Jayamma received was the loan RELATIONS from the SHG for buying a new motorcycle for her husband. EDUCATION Jayamma shared her experience after buying of motorcycle and told us that now he doesn't oppose my participation in SHG activities and looks at me with more care Education provides freedom while securing a base for a better life. It becomes all the more important for the and respect! underprivileged sections of the society. The Abheraj Baldota Foundation, recognising this need, has been playing the role of catalyst in enhancing the level of education in the poor communities of the society.
1. Training to be Self Dependent
We provided 6 months of tailoring training and Note Book distributed 74 sewing machines after the training to 1. the beneficiaries from Sringarathota near our wind Distribution farm. Our objective was to provide the means of livelihood that generate value . The women During 2012-14, we residents expressed their heartfelt gratitude for the conducted a free notebooks initiative as it helped them weave a stronger social distribution program. A total fabric with colourful threads of economic of 2,50,000 notebooks were independence. Their enthusiasm was visible in distributed to 22,000 their eagerness to attend more tailoring training students in 96 schools from sessions. They also elucidated the social and health our adopted villages in and benefits of various other actvities undertaken by us around Hospet. We have for them. been conducting this program in order to facilitate the learning of students in we distributed 74 sewing our adopted villages in and machines after 6 months around Hospet belonging to of training. Their enthusiasm Govt. schools who cannot afford such basic facilities. was visible in their eagerness to attend more tailoring training sessions.
41 42 2. Computer education
Computer education is must in the age of booming digital technology. Computer education enhances technological progress, which is a major determinant of the future and can be an asset in improving students' overall learning ability. Yet there are many schools in the rural areas where computer education is not prioritised due to lack of required infrastructure and other economic constraints. We have taken initiative to start up computer centres in our villages.
In the reporting period, we have trained 262 students at our computer centres.
After completing SSLC, Shashikala pursued ITI during which she trained herself in typewriting. Planning her future, she wanted to obtain a job of a fitter in the maintenance department of a factory. To her dismay, the factory did not hire women new workers for that profile and typewriting did not account much in her skill set. LESSON MSPL's CSR team had organised computer training at Hanumanahalli with the help new of its field officers. It was an opportunity of a lifetime for Shashikala to take up this MSPL puts great emphasis on LIFE training. She enrolled herself for the computer training, completed it successfully on time. Now, she works as an administrative assistant at an NGO with an appreciable employee care. Despite no salary through which she has overcome the socio-economic challenges of her operations for almost 3 years, family. MSPL retained all its employees till March'13. However 63% reduction in production capacity ordered by Supreme Court SPECIAL CLASSES FOR 10TH GRADE LAPTOP FOR BUILDING FUTURE resulted in reduction of 133 employees during FY'13-14. Nevertheless MSPL continued Darshan and Asha are among the students who Qamar begum is among the women whose lives investing in nurturing talent and were benefited from the special coaching class have been transformed by MSPL Limited. She conducted for 10th class students in the subjects of belongs to a family of daily wage worker and the to keep employees abreast with Mathematics, Science and English. The classes daily wages fulfilled their basic needs only. Like any the latest trends in the industry proved to be a great help to the students of villages other mother, she dreamt of securing her son's such as Halavarthy, Basapur etc. The children in future through better education. Qamar's son is in and imparted 4482 man hours of these villages were deprived of good teaching at the 2nd year of professional studies (Bachelor of training during 2012-14. schools or at other private tuition classes, which the Engineering) and was in need of a laptop for his urban students are exposed to. Both the students studies. Qamar approached MSPL's CSR field excelled in their Board Examinations taking a step officer for the help and was sanctioned a sum of ahead towards achieving their goal. MSPL draws `15,000. She purchased laptop for her son with the inspiration from these results and will continue to help of this money so that he can continue his conduct such special classes to provide students a studies without any difficulties. better education.
43 44 PEOPLE PERFORMANCE
Our employee strength for the reporting period is given below; WORKFORCE MANAGEMENT
EMPLOYEE STRENGTH Our success relies strongly on our ability to attract, develop and retain the best talent across levels in the sector. 787 We have a strong value set-as expressed by our Company-wide Principles and Code of Conduct. This is in addition to our practice of providing clear and attractive career paths and safe & healthy workplaces. 2012-13 <30 Years 30-50 Years >50 Years The sustainability of workforce is a key concern for MSPL as the safe and effective management of our operations depend heavily on our ability to retain talented employees. Key challenge for us in managing our pipeline of major growth projects is to ensure that we attract and retain employees with the necessary skills and competencies. We have a human rights policy that encompasses areas such as health & safety, prohibition of child labour, forced labour, non-discrimination; trade union rights, disciplinary practices, remuneration and working hours. Every employee plays an important role in the efficiency of the Company and their feedback is very important to us. 251 203
We have a suggestion scheme policy in place 115 which aims at establishing two-way 83 50 communication between employees and Our mining operations resumed on 20 24 39 12 0 2 1 0 24 management. In addition, the best suggestions 18th May 2013. However the chosen by the suggestion committee are rewarded production capacity of our VIOM Directors Managers Officers Staff Workers to encourage employees to think innovatively and was reduced to 0.91 MTPA from 2.5 also develop a sense of belonging. As a MTPA to comply with the directive responsible organization, we place great emphasis on employee care. This has enabled us to foster of The Hon'ble Supreme Court of 573 greater ties with our employees. India. The reduction in capacity led to an unavoidable reduction of 133 employees. We have compensated the terminated employees as per 2013-14 <30 Years 30-50 Years >50 Years the law.
Our recruitment, remuneration and promotion policies and procedures aim to ensure that equal opportunity is afforded to all, irrespective of race, nationality, religion, gender, age, sex orientation, disability, political or other opinion or any other basis. We are an equal opportunities employer and 157 158 value the benefits to our business brought about through a rich diversity in our employee base. 78 79 36 0 2 1 0 18 17 20 20 11 Directors Managers Officers Staff Workers We Provide the Following Benefits to Our Employees:
• Provident Fund Contribution • Subsidized • Mediclaim Policy Canteen Facility • Group Personal Accident Benefits • Lunch Room We continually engage with our • Paid Maternity Leave • Transportation employees to keep them informed • Bonus • Recreational Facilities about business planning and other • Employee Marriage Gift (four indoor games company related issues and also • House Warming Gift and stay fit club for seek their feedback through both • EDLI employees and their formal and informal means. • Gratuity family)
45 46 New talents that we recruited during the reporting period: Our employee turnover is illustrated below for the reporting period.
NEW TALENTS EMPLOYEE TURNOVER 7
7 2012-13 MALE FEMALE 2012-13 MALE FEMALE 24 6 29 25 23
14 13 11 10 11 1 5 6 4 5 3 2 4 0 1 1 1 0 0 0 0 ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y MANAGERS OFFICERS STAFF WORKERS <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y MANAGERS OFFICERS STAFF WORKERS
3 3 222
40
2013-14 MALE FEMALE 2013-14 MALE FEMALE
24
63 6 7 6 5 4 3 3 1 0 0 1 27 1 23 18 13 0 1 3 6 1 1 ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears ears <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y MANAGERS OFFICERS STAFF WORKERS <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y <30 Y 30-50 Y >50 Y MANAGERS OFFICERS STAFF WORKERS
47 48 The number of female employees is significantly company discusses key business issues. The low as compared to the male employees working inputs to these meetings are also derived from the with us due to the hazardous nature of operations. feedback received from employees.
We continually engage with our employees to keep We provide maternity leave to our female them informed about business planning and other employees in accordance with Maternity Benefit company related issues and also seek their Act. During 2012-13 and 2013-14 a total of 4 female feedback through both formal and informal means. employees availed maternity leave and also We conduct regular management committee returned to work and remained associated with us. meetings, where senior management of the
HEALTH AND SAFETY TRAINING & DEVELOPMENT
Much of our business operates under demanding Creating a learning organisation and ensuring that all employees can work to their full potential and safety conditions. If this is not carefully and continuously develop and refine their technical, operational and management skill sets is core to the successful consistently managed and mitigated, our implementation of MSPL's business strategy. We seek high potential employees at every level and provide them employees and contractors can be vulnerable to the support and tools they need to be part of our future team of skilled operators and business leaders. Our significant hazards such as rock falls, mobile employees undergo a number of technical trainings every year to keep themselves abreast of the latest trends equipment, noxious gases and high-voltage in the industry. Employees also undergo soft skills trainings by internal and external faculty, to enhance their equipment. Managing safety in these leadership and interpersonal skills for the roles they fulfil. circumstances requires a comprehensive and integrated approach that includes;
• Leadership from senior management Creating a learning organisation • Major hazard management • Operational integrity and assurance and ensuring every employee • Contractor management can work to their full potential and • Effective risk and safety management systems and continuously develop and alignment of process refine their technical, operational and management skill sets is core to the successful realisation of MSPL's business strategy.
At MSPL, we emphasize on organisational culture to promote health and well being of our employees 3641.5 and workers. We have a health and safety policy in TRAINING AND DEVELOPMENT (MAN HOURS) place to ensure that best practices in workplace safety are followed. Further, we have joint worker- management safety committees, with equal 2013-14 2013-14 representation from management and workers at all our plants as per the statute. We provide regular trainings to our employees and contractual labour 2384.25 on health and safety. 2041.5 Regular medical check ups are 1640.05 conducted for employees and contractual labour in accordance with 1106.2 the local regulatory requirements. 951 424.4 In this reporting period, reportable injuries and first 288 aid cases in our Pellet Plant Operations occured only in the year 2012-13.
MANAGERS EXECUTIVES/OFFICERS STAFF WORKMEN
49 50 ANNEXURE
Employee Category 2012-13 2013-14 Units Pellet Plant ( Employees) Male Female Male Female
Minor Injuries Nos 4 1 Nil Nil First Aid cases Nos 7 Nil Nil Nil
Pellet Plant Units Male Female Male Female (Contract Employees)
First aid cases Nos 15 Nil Nil Nil
HUMAN RIGHTS
MSPL places significant efforts on adherance to the highest ethical principles in all our operations with respect to all stakeholders. We demand the same from our employees, affiliates, suppliers, contractors, and partners. Ensuring that we and all, who represent us or work on our behalf respect the human rights of those impacted by our operations is a top priority.
It makes good business sense and is the right thing to do to operate ethically and respect human rights. It enhances our license to operate, helps us attract and retain the best talent and avoids costly delays in our projects and operations. We aim to operate with the highest integrity towards our employees, our business partners and the communities that we interact with and to operate with the maximum transparency possible.
We have a human rights policy to guide our evaluate their performance on human rights' organisational behaviour and processes that issues. We are in the process of developing such cultivates respect for human rights. Discrimination review mechanisms for our suppliers and in any form is strictly censured and all the contractors. employees can directly approach our top management for any concerns on human rights' Our employees are free to engage in collective issues. We have adopted the United Nations' bargaining. Our human rights policy clearly states Universal Declaration on Human Rights, both in our approach towards collective bargaining. – 'to letter and spirit. We do not employ any child or permit the employees without any direct or indirect forced labour and have set up processes to ensure impediments or negative consequences for joining that no child or forced labour is employed in our union membership including collective bargaining operations or by our contractors. and to refrain from promoting competing workers' organizations or seek control over the activities of Currently, we do not have a formal review workers' organization. mechanism for our suppliers and contractors to
We aim to operate with integrity towards our employees, our business partners and the communities that we interact with and to operate with the maximum transparency commercially possible.
51 52 53 54 Our 2010-12 Corporate Date of most recent previous Sustainability Report can be 3.2 R _ report. accessed through our website: www.mspllimited.com Reporting cycle (annual, GRI G3.1 Content Index 3.3 R _ Reporting Cycle is biennial biennial, etc.) Performance Description Reported Page No. Remark / Explanation Contact point for questions Indicators 3.4 regarding the report or its R 10 contents. Standard Disclosures Part I : Profile Disclosure Process for defining report 3.5 R 10 1. Strategy and Analysis content. Statement from senior most 3.6 Boundary of the report R 10 1.1 decision maker of the R 1 organization State any specific limitations on Description of key impacts, risks, the scope or boundary of the 1.2 R 1-2 and opportunities. 3.7 report (see completeness R 10 principle for explanation of scope). 2. Organizational Profile Basis for reporting on joint 2.1 Name of the organisation. R _ Cover Page Mining, Wind Business and ventures, subsidiaries, leased 3.8 R Exploration are wholly owned Primary brands, products, and/or facilities, outsourced operations, 2.2 R 7-8 businesses of MSPL. services. and other entities. Data measurement techniques Operational structure of the and the bases of calculations, organisation, including main Data measurement techniques 2.3 R 5-6 including assumptions and divisions, operating companies, and basis of calculations have 3.9 techniques underlying R 10 subsidiaries, and joint ventures. been provided in relevant estimations applied to the sections of report. compilation of the Indicators and Location of organisation's 10 other information in the report. 2.4 headquarters. R
Number of countries where the Explanation of the effect of any Re-statements, if any, have 2.5 R 5 organisation operates 3.10 re-statements of information R been explained in relevant provided in earlier reports. sections of the report. Nature of ownership and legal MSPL is a closely owned 2.6 R _ form. public limited company. Significant changes from No significant changes from previous reporting periods in the previous reporting periods in Markets served (including 3.11 scope, boundary, or R the scope, boundary, or geographic breakdown, sectors measurement methods applied 2.7 R 5-8 measurement methods. served, and types of customers/ in the report. beneficiaries). Table identifying the location of 3.12 R 55 Scale of the reporting the Standard Disclosures in the 2.8 organisation. R 7-8,22,46 report. Policy and current practice with Significant changes during the 3.13 regard to seeking external R 10,52 2.9 reporting period regarding size, R 8 assurance for the report. structure, or ownership. 4. Governance, Commitments and Engagement Awards received in the reporting 2.10 R 9 period. Governance structure of the 4.1 organisation, including R 11-12 3. Report Parameters committees.
Reporting period (e.g., fiscal/ Indicate whether the Chair of the 3.1 calendar year) for information R 10 4.2 highest governance body is also R 11-12 provided. an executive officer.
55 56 For organisations that have a Externally developed economic, unitary board structure, state the environmental, and social We have voluntarily adopted to number and gender of members charters, principles, or other UNGC 10 Principles and ICMM 4.12 R _ 4.3 of the highest governance body R 11-12 initiatives to which the Sustainable development that are independent and/or organisation subscribes or framework. non-executive members. endorses.
Memberships in associations Mechanisms for shareholders 4.13 and/or national/international R 17 and employees to provide There are no public / external advocacy organisations 4.4 R 16,45 recommendations or direction to shareholders in the company. List of stakeholder groups the highest governance body. 4.14 R 16 engaged by the organisation. Linkage between compensation for members of the highest Basis for identification and 4.5 governance body, senior R 11-12 4.15 selection of stakeholders with R 15-16 managers, and executives and whom to engage. the organisation's performance. Approaches to stakeholder engagement, including frequency Processes in place for the highest 4.16 R 15-16 governance body to ensure of engagement by type and by 4.6 R 11-12 conflicts of interest are avoided. stakeholder group.
Process for determining the Key topics and concerns raised composition, qualifications, and through stakeholder engagement, expertise of the members of the 4.17 and how the organisation has R 18-19 4.7 highest governance body and its R 11-12 responded to those key topics committees, including any and concerns. consideration of gender and other indicators of diversity. STANDARD DISCLOSURE PART II : Disclosure on Management Approach Internally developed statements of mission or values, codes of G3.1 MMSS Disclosure Management Approach EC conduct, and principles relevant 4.8 R 3-4 Economic Performance R 20-21 to economic, environmental, and social performance and the status Aspects Market Presence R 20-21,23 of their implementation. Indirect Economic Impact R 20-21, 37-43 Procedures of the highest G3.1 MMSS Disclosure Management Approach EN governance body for overseeing the organisation's identification Material R 32 4.9 R 11-12 and management of economic, Energy R 26 environmental, and social Aspects performance. Water R 33
Processes for evaluating the Biodiversity R 36 highest governance body's own Emission, effluents and waste performance, particularly with R 35 4.10 R 11-12 COMM respect to economic, environmental, and social We are currently in the process performance. of advocating good _ environmental performance and Aspects Products and Services R Explanation of whether and how Precautionary principle is key environmental aspects across the precautionary approach or implicit in Management 4.11 R 21,25,45 our supply chain. principle is addressed by the approach and systems in organisation. relevant sections of our report. We strive to ensure 100% Compliance R compliance to all applicable environmental regulations.
57 58 Transport R 25 There were no occurrences of Aspects Resettlement R _ resettlements in the reporting Overall R 24-36 period. G3.1 MMSS Disclosure Management Approach LA Closure planning COMM R 36 There were no disputes relating to Employment COMM R 44-45 Grievance mechanisms and _ land use, customary rights of local procedures R Labor/ management relations COMM R 43-46 communities and indigenous people.
Occupational health & safety COMM R 50 Aspects Emergency Preparedness COMM R 25, 45, 50
Training and education R 49 Corruption R 11-12,23 Aspects Diversity and equal opportunity R 45 Public Policy R 11-12,23
We pay equal basic salary and Anti Competitive Behavior R 11-12,23 Equal remuneration for remuneration to women and R _ Compliance R 11-12 women and men men for each employee category and job responsibility. G3.1 MMSS Disclosure Management Approach PR
G3.1 MMSS Disclosure Management Approach HR Materials Stewardship R 33 We are also in a planning stage Investment and Our product Iron ore does not R 23 to incorporate human rights procurement practices Customer health and safety R – have any significant health & screening for our supply chain. Safety impacts by its nature. Non discrimination R 45 We provide requisite information Freedom of association and to our customers about the Product and service labeling – R 51 R health and safety aspects of collective bargaining Aspects product as per law of land. 23,45,51 Child labor R MSPL's nature of business is that of B2B type wherein no Prevention of forced and Marketing Communications – R 23,45,51 R advertising or similar activities Aspects compulsory labor are required. We are currently in process of Customer privacy R 23 Security practices R _ training our security personnel in the HR policies of MSPL. Compliance R 23 MSPL does not operate adjacent Indigenous Rights COMM R _ STANDARD DISCLOSURE PART III : Performance Indicators to Indigenous people territories. Economic We are yet to conduct a formal _ Assessment R human rights risk assessment Economic Performance for our operations. Direct economic value Remediation R 45,51 generated and distributed, including revenues, operating EC1 G3.1 MMSS Disclosure Management Approach SO costs, employee compensation, R 22 COMM donations and other community Local communities R 37-38 investments, retained earnings, and payments to capital There is no reliable information on providers and governments. the physical distribution pattern of Financial implications and other mining leases in the minor mineral risks and opportunities for the sector, wherein small and medium EC2 organization's activities due to R 21 Aspects scale mines and artisanal mines of climate change. Artisanal and small-scale mining R _ less than 5 ha in size dominate. Coverage of the organization's Source: Draft Final Sustainable R 22 EC3 defined benefit plan obligations. Development Framework for the Mining Sector for the Ministry of Significant financial assistance Mines (GoI). EC4 received from government. R 22
59 60 Market Presence Initiatives to provide energy- efficient or renewable energy The standard entry level wage, based products and services, EN6 R 29-31 Range of ratios of standard entry for both male and female and reductions in energy level wage by gender compared workforce, is equal to or more requirements as a result of EC5 R – these initiatives. to local minimum wage at than local minimum wage as significant locations of operation. prescribed by local regulatory Initiatives to reduce indirect agencies. EN7 energy consumption and R 29-31 reductions achieved.
Policy, practices, and proportion Water of spending on locally-based EC6 suppliers at significant locations R 23 EN8 Total water withdrawal by source. 34 of operation. R None of the water sources are Water sources significantly NR _ Currently MSPL does not have EN9 affected by withdrawal of water. significantly affected by our any specific procedure for local withdrawal of water. Percentage and total volume of hiring of senior management. EN10 R 35 Procedures for local hiring and water recycled and reused. proportion of senior The hiring is based on merits, EC7 management hired from the R – irrespective of the location of COMM Biodiversity local community at significant the person. We abide by the local locations of operation. Location and size of land owned, regulations on employing leased, managed in, or adjacent non-management workforce EN11 to, protected areas and areas of R 36 from local communities. high biodiversity value outside protected areas. Indirect Economic Impacts Description of significant impacts of activities, products, and Development and impact of services on biodiversity in EN12 COMM R 36 infrastructure investments and protected areas and areas of services provided primarily for high biodiversity value outside EC8 public benefit through R 38-40 protected areas. commercial, in-kind, or pro bono engagement. Amount of land (owned or leased, and managed for No rehabilitation of communities MM1 production activities or extractive was required, to operate in the current mining areas. Understanding and describing use) disturbed or rehabilitated significant indirect economic EC9 impacts, including the R 37-43 EN13 COMM Habitats protected or restored. R 36 extent of impacts Strategies, current actions, EN14 COMM and future plans for managing R 36 Environmental impacts on biodiversity.
Materials The number and percentage of We follow all the necessary total sites identified as requiring requirements as per the law of Materials used by weight or biodiversity management plans _ EN1 R 33 MM2 R the land. All our mines have IBM Volume. according to stated criteria, and the number (percentage) of those approved mine closure plans to mitigate environmental risks. Percentage of materials used that sites with plans in place. EN2 COMM R 33 are recycled input materials. Number of IUCN Red List Species and national conservation Energy EN15 list species with habitats in areas NR _ affected by operations, by level EN3 Direct energy consumption by R of extinction risk primary energy source. 27-28 Indirect energy consumption by Emissions, Effluents and waste EN4 primary source. R 28 Total direct and indirect green Energy saved due to EN16 house gas emissions by weight R 28 EN5 conservation and efficiency R 29-31 improvements.
61 62 Other relevant indirect green Scope III not covered in Transport EN17 R 28 house gas emissions by weight. this report Significant environmental We will report the energy saved impacts of transporting products Currently we are not due to energy efficient and other goods and materials EN29 NR - monitoring impacts due to operations and other initiatives used for the organization's Initiatives to reduce greenhouse employee transportation. EN18 gas emissions and reductions PR 29,31 and resultant GHG emissions operations, and transporting achieved. reductions in near future as we members of the workforce. attain normalcy and stability in our business operations. Overall
Emissions of ozone-depleting Total environmental protection EN19 R 31 substances by weight. EN30 expenditures and investments R 24 by type. EN20 Nox, SOx and other significant R 30 COMM air emissions by type and weight. Social: Labor Practices and Decent Work
There is no discharge of waste Employment Total water discharge by quality water and however discharge EN21 R 35 and destination. if any it meets the stipulated Total workforce by employment standards by KSPCB LA1 type, employment contract, and R 46 region, broken down by gender. EN22 Total weight of waste by type R 35,36 COMM and disposal method. Total number and rate of new employee hires and employee Total amounts of overburden, LA2 turnover by age group, gender, R 47-48 MM3 rock, tailings, and sludges and R 36 and region. their associated risks. Benefits provided to full-time EN23 Total number and volume of There were no significant employees that are not provided R _ COMM significant spills. spillages in the reporting period. LA3 to temporary or parttime R 45 employees, by significant Weight of transported, imported, The hazardous waste resulting locations of operations. exported, or treated waste out of our operations is disposed as Return to work and retention rates deemed hazardous under the per the norms mentioned in the LA15 after parental leave, by gender. R 49 EN24 terms of the Basel Convention R _ State Pollution Control Board wherein Annex I, II, III, and VIII, and the hazardous waste is sent to a Labor / Management Relations percentage of transported waste government certified agency. We shipped internationally. do not ship any waste internationally. MSPL respects the right of an individual and does not prohibit Identity, size, protected status, Percentage of employees _ employees to form unions and and biodiversity value of water There are no habitats LA4 covered by collective bargaining R collective bargaining agreements. bodies and related habitats EN25 R _ significantly affected by our agreements. However during this reporting significantly affected by the period, no unions were formed. reporting organization's discharges of water and runoff. discharges of water and runoff. For significant operational changes we mutually discuss the Minimum notice period(s) notice period with the concerned Products and Services regarding significant operational department depending on the changes, including whether LA5 R 46 nature of changes. We strive to Initiatives to mitigate it is specified in collective give minimum notice period of a environmental impacts of agreements. EN26 products and services, and R 25-36 week wherever possible and also extent of impact mitigation. comply with the local legislation. Percentage of products sold Number of strikes and lock-outs There were no occurrences of Our products do not require _ EN27 and their packaging materials R _ MM4 exceeding one week’s duration, R strikes or lockouts during the that are reclaimed by category. packaging material. by country. reporting period
Compliance Occupational Health and Safety Monetary value of significant Percentage of total workforce fines and total number of non- represented in formal joint We have reported the monetary sanctions for _ There were no monetary fines management-worker health EN28 R composition of the committee noncompliance with during the reporting period. LA6 and safety committees that help R 50 but not the percentage. environmental laws and monitor & advise on occupational regulations. health and safety programs.
63 64 Rates of injury, occupational Labor/Management Relations diseases, lost days, and LA7 absenteeism, and total number R 51 COMM Percentage of significant of work-related fatalities, by suppliers, contractors, and other region and by gender. HR2 business partners that have R 23 undergone human rights Education, training, counseling, screening and actions taken. prevention, and risk-control Total hours of employee training programs in place to assist Awareness with respect to LA8 R 50-51 on policies and procedures workforce members, their human rights is provided to concerning aspects of human families, or community members employees by means of training; HR3 rights that are relevant to R – regarding serious diseases. however these trainings have operations, including the not been quantified. Health and safety topics covered percentage of employees trained. LA9 in formal agreements with trade R 50-51 unions. Non-discrimination
Training and Education Total number of incidents of There have been no recorded HR4 discrimination and corrective R – cases of discrimination filed Average hours of training per We have reported the training actions taken. during the reporting period. LA10 year per employee, by gender, R 49 man hours for all the employee and by employee category. categories. Freedom of association and collective bargaining
Programs for skills management Operations and significant and lifelong learning that support suppliers identified in which the We are yet to conduct a LA11 the continued employability of PR 49 right to exercise freedom of comprehensive human rights employees and assist them in association and collective – HR5 COMM R risk assessment for our managing career endings. bargaining may be violated or at significant suppliers. significant risk, and actions Percentage of employees taken to support these rights. All the employees receive career receiving regular performance performance feedback as per LA12 and career development R – Child Labor company policies. reviews, by gender. Operations and significant Diversity and Equal Opportunity suppliers identified as having significant risk for incidents of HR6 R 23,45,51 child labor, and measures taken Composition of governance to contribute to the effective bodies and breakdown of abolition of child labor. employees per employee LA13 category according to gender, R 11-14 Prevention of forced and compulsory labor age group, minority group membership, and other Operations and significant indicators of diversity. suppliers identified as having significant risk for incidents of Equal remuneration for women and men HR7 forced or compulsory labor, and R 23,45,51 measures to contribute to the Ratio of basic salary and We pay equal basic salary and elimination of all forms of remuneration of women to men forced or compulsory labor. – remuneration to women and LA14 by employee category, by R significant locations of operation. men for each employee category. Security Practices
Social: Human Rights Percentage of security personnel trained in the organization's We are currently in process of training our security personnel in HR8 policies or procedures concerning R – Investment and Procurement Practices aspects of human rights that are the Human Rights policies of relevant to operations. MSPL. Percentage and total number of significant investment Indigenous Rights agreements and contracts that MSPL has not invested or HR1 include clauses incorporating R – formed any joint ventures Total number of operations human rights concerns or that during the reporting period. taking place in or adjacent to have undergone human rights Indigenous Peoples’ territories, MSPL does not operate R – screening. MM5 and number and percentage of closer to the indigenous operations or sites where there people's territories. are formal agreements with Indigenous Peoples’ communities.
65 66 MSPL does not operate closer to Resettlement the indigenous people's Total number of incidents of territories; however we interact Sites where resettlements took violations involving rights of with the nearby communities place, the number of households There were no occurrences of HR9 R – indigenous people and actions surrounding our operations to MM9 resettled in each, and how their R – resettlements in the reporting taken. understand their needs and aid livelihoods were affected in the period. the same through stakeholder process. engagement. Closure planning Assessment Number and percentage of All our operations have a mine MM10 R – Percentage and total number of operations with closure plans. closure plan in place. We are yet to conduct a operations that have been HR10 R – structured human rights risk subject to human rights reviews We regularly engage with our assessment for our operations. Operations with significant and/or impact assessments. neighbouring communities in the potential or actual negative SO9 R areas of infrastructure and social impacts on local communities. Remediation 37-43 development. No significant concerns due to our operations Number of grievances related to have been reported. There were no grievances human rights filed, addressed, – related to Human Rights filed HR11 and resolved through formal R A stakeholder engagement is during the reporting period. grievance mechanisms. carried out wherein areas of development are identified. We Social: Society engage with our neigh bouring communities in areas of Prevention and mitigation infrastructure and social Local communities measures implemented in development, empowering operations with significant – SO10 R villages, education and health Nature, scope, and effectiveness potential or actual negative and hygiene. With respect to of any programs and practices impacts on local communities. SO1 COMM that assess and manage the environmental impacts, we R 37-43 maintain our emission and waste MMSS impacts of operations on communities, including entering, generation activities as per the operating, and exiting. stipulated norms of Pollution Control Board. Percentage of operations with Corruption implemented local community So1 (G3.1) engagement, impact assessments, R 37-43 Percentage and total number of A formal system for identification and development programs. SO2 business units analyzed for risks R – and analysis of corruption across related to corruption. organisation is in process. Number and description of There were no disputes relating significant disputes relating to to land use, customary rights of All employees arecommunicated land use, customary rights of – Percentage of employees trained MM6 R local communities and and made aware of the code of local communities and SO3 in organization's anti-corruption R – Indigenous Peoples policies and procedures. conduct that is to be mandatorily Indigenous Peoples. adhered. No reported incidents of The extent to which grievance Actions taken in response to – SO4 R corruption during the reporting mechanisms were used to There were no disputes relating incidents of corruption. period. resolve disputes relating to – to land use, customary rights of MM7 land use, customary rights of R local communities and local communities and Indigenous Indigenous Peoples. Public Policy Peoples, and the outcomes. Public policy positions and Artisanal and small – scale mining SO5 participation in public policy R 17 development and lobbying. There is no reliable information Total value of financial and in- We do not make any Number (and percentage) of on the physical distribution kind contributions to political contributions company operating sites where pattern of mining leases in the SO6 R – parties, politicians, and related to political parties, politicians artisanal and small scale mining minor mineral sector wherein institutions by country. and related institutions. (ASM) takes place on, or adjacent – small and medium scale mines MM8 R and artisanal mines of less than to, the site; the associated risks 5ha in size dominate. Source: Anti competitive behavior and the actions taken to manage Draft Final Sustainable Development and mitigate these risks. Framework for the Mining Sector for Total number of legal actions for No legal actions taken against the Ministry of Mines (GoI). anticompetitive behavior, anti- MSPL for anti-competitive SO7 R – trust, and monopoly practices behavior, anti-trust, and and their outcomes. monopoly practices.
67 68 Compliance Total number of incidents of non-compliance with Monetary value of significant regulations and voluntary fines and total number of non- No monetary fine levied on PR7 codes concerning product and R 23 SO8 monetary sanctions for R – MSPL for non compliance with service information and COMM noncompliance with laws and laws and regulations. labeling, by type of outcomes. regulations. Customer Privacy Social: Product Responsibility
Materials Stewardship Total number of substantiated complaints regarding breaches PR8 R 23 Monetary value of significant of customer privacy and fines and total number of non- losses of customer data. MM11 monetary sanctions for R 33 noncompliance with laws and Compliance regulations. Monetary value of significant There were no significant fines Customer Health and Safety fines for non-compliance with for non-compliance with laws PR9 laws and regulations concerning R – and regulations concerning the the provision and use of provision and use of products Life cycle stages in which health products and services and services. and safety impacts of products and services are assessed Our product Iron ore does not PR1 for improvement, and percentage R – have any significant health & R – Reported PR – Partially Reported NR – Not Reported of significant products and Safety impacts by its nature. services categories subject to such procedures. UNGC / ICMM Content Mapping Total number of incidents of non- No incidents of non-compliance ICMM Sustainable UNGC compliance with regulations and with regulations and voluntary Report Section Page No. Development Framework Principles PR2 voluntary codes concerning R – codes concerning health and health and safety impacts of safety impacts of products and products and services, by type of services. Message from CMD 01 outcomes. Vision 03 Product and Service Labeling
Type of product and service Mission 03 information required by We provide requisite information procedures, and percentage of – to our customers about the 5 Cardinals 04 PR3 significant products and R health and safety aspects of services subject to such product as per law of land. Company Profile 05 information requirements.
Total number of incidents of Awards & Accolades 09 non-compliance with There were no incidents reported regulations and voluntary – against MSPL for non- About The Report 10 PR4 codes concerning product and R compliance with regulations and service information and voluntary codes. Corporate Governance Principle 1 and 4 Principle 2 and 10 labeling, by type of outcomes. 11
Practices related to customer Sustainability Framework Principle 2, 4 and 10 15 satisfaction, including results PR5 R 23 of surveys measuring Economic Performance 20 customer satisfaction.
Marketing Communications Environmental Footprint Principle 4, 6, 7 and 8 Principle 7, 8 and 9 24
Programs for adherence to Social Performance Principle 9 37 laws, standards, and voluntary MSPL's nature of business is codes related to marketing – that of B2B type wherein no People Performance Principle 3 and 5 Principle 1, 2, 3, 4, 5 and 6 44 PR6 communications, including R advertising or similar activities advertising, promotion, and are required. Independent Assurance Statement Principle 10 52 sponsorship.
69 70 Glossary
ABF Abheraj Baldota Foundation ATF Aviation Turbine Fuel B2B Business to Business CEC Central Empowered Committee CER Certified Emission Reduction CFBP Council for Fair Business Practices Co e Carbon Dioxide equivalent 2 CSR Corporate Social Responsibility DGMS Directorate General of Mines Safety EDLI Employee's Deposit Linked Insurance EOU Export Oriented Units ESP Electrostatic Precipitator EMS Environmental Management System FICCI The Federation of Indian Chambers of Commerce & Industry FY Financial Year GHG Greenhouse Gases GJ Giga Joules GRI Global Reporting Initiative HR Human Resources HSE Health Safety & Environment ICMM International Council on Mining and Metals IPO Initial Public Offering ISO International Organisation for Standardization ITI Industrial Training Institute KL Kilo Liters MT Million Tonnes MTPA Million Tonnes Per Annum MW Mega Watt MWh Mega Watt-hour NGOs Non-Government Organisations NOx Oxides of Nitrogen ODS Ozone Depleting Substance PVC Polyvinyl Chloride QMS Quality Management System R&D Research and Development SHG Self Help Groups SPV Special Purpose Vehicle SOX Oxides of Sulphur UNGC United Nations Global Compact VIOM Vyasanakere Iron Ore Mines
71