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Business Responsibility Report for Godrej Industries Limited

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Business Responsibility Report for Godrej Industries Limited BUSINESS RESPONSIBILITY REPORT FOR GODREJ INDUSTRIES LIMITED SUSTAINABILITY EFFORTS BY THE GODREJ GROUP “We have always actively championed social responsibility and are committed to driving the social progress of the communities that our businesses operate in. As part of our Vision 2020, we are committed to creating a more employable workforce, building a greener India and innovating for good and green products.” - Adi Godrej 58 SUSTAINABILITY EFFORTS BY THE GODREJ GROUP Godrej Group has been one of the pioneers of Indian business industry. The group has its presence in various sectors from locks to realty, FMCG products to chemicals and many more in the business arena and environmental sustainability, education, healthcare, etc. in the social approach. As a group, we constantly make efforts to contribute meaningfully to the communities that we are a part of. Twenty-five percent of the shares of our group’s holding company are held in trusts that include The Pirojsha Godrej Foundation, The Soonabai Pirojsha Godrej Foundation and The Godrej Memorial Trust. Through these trusts we support healthcare, education and environmental sustainability. We are proud to be part of the Godrej group which strongly believes in sustainability and social initiatives. We take this opportunity to pen down a few of the Group’s achievements: Mangroves We are proud to own and care for the largest privately managed belt of Mangroves in Mumbai. This is supported by The Soonabai Pirojsha Godrej Foundation. It is the first such area in India to formally adopt ISO 14001 standards for Environment Management Systems. Godrej Memorial Hospital The Godrej Memorial Hospital was set up in September 2004 with the purpose of providing quality healthcare services at affordable cost. It is a state-of-the-art hospital that offers specialty and super-specialty services. Udayachal Schools The Godrej Udayachal schools (pre-primary, primary and secondary) have been offering quality education and care for children since 1955. World Wide Fund for Nature (WWF) We continue to be associated with India’s largest conservation NGO, WWF - India. Over the years, WWF - India’s perspective has broadened to encompass conservation of habitats and ecosystems. Teach For India We strongly support Teach For India, an arm of Teach For America, that brings together young graduates and volunteers to work with low income schools across India to improve the quality of teaching that they offer. 59 Smile Train Millions of children in India are born with a deformity commonly known as a cleft lip. Godrej Memorial Hospital, along with the American based NGO ‘Smile Train’ conducts a programme to help children from low income families who are born with cleft lips. SUSTAINABILITY IN GODREJ’S CORE VISION Godrej Industries Limited (GIL), part of the larger Godrej Group shares the group’s environmental, philanthropic and social ideologies and has been successfully able to VISUALIZE, STRATEGISE AND ACTUALIZE its sustainability and social initiative, 'Godrej Good & Green'. The Groups desire and commitment to subserve the social and environmental needs of the country made them go a step ahead in the year 2011 when they embedded the 'Godrej Good & Green Initiative' as a part of group’s 2020 Vision and Strategy. This vision is founded on shared value initiatives and aims to create societal value by: Train 1 million rural and urban youth in To become carbon neutral and water To have a third of the company’s portfolio skilled employment to increase their positive, achieve zero waste to landfill, revenues comprising of good and/or green wage earning potential reduce specific energy consumption products and services – defined as products and increase our renewable energy that are environmentally superior or address a sources critical social issue (e.g., health, sanitation, disease prevention) for consumers at the bottom of the income pyramid. The central premise behind creating shared value is that the competitiveness of a company and the health of the communities around it are mutually dependent. Recognizing and capitalizing on these connections between societal and economic progress has the power to unleash the next wave of global growth and to redefine capitalism. 60 ACTUALIZING THE VISION With our continued desire to tread on the same path, we pen down a few of our social and environmental achievements for the year that helped us actualize our good and green vision Implemented Innovative Projects like Turbo Blower, Desuperheater, Water Jet Vacuum system to reduce specific energy consumption Achieved India Climate Disclosure Leadership Index (CDLI) 2015 Valia Factory won CII Green Co-Best practice award for “Carbon Neutrality” Awarded the “Energy efficient unit” at the CII’s National award for excellence in Energy Management 2015 Awarded the Energy Conservation and Management Award-2015 by Indian Chemical Council. Celebrated Energy Conservation week across company’s premises GreenCo Best Practices Award in “Carbon neutrality” CII National award for excellence in Energy management GIL being awarded the ICC Energy Conservation and Management Award 61 5IF4FDVSJUJFTBOE&YDIBOHF#PBSEPG*OEJB 4&#* WJEFJUTDJSDVMBS$*3$'%%*-EBUFE"VHVTU IBEQSPQPTFEUPNBOEBUFJODMVTJPO PG#VTJOFTT3FTQPOTJCJMJUZ3FQPSUTBTQBSUPGUIF"OOVBM3FQPSUTGPSMJTUFEFOUJUJFT1VSTVBOUUPOPUJmDBUJPOPG4&#* -JTUJOH0CMJHBUJPOTBOE%JTDMPTVSF 3FRVJSFNFOUT 3FHVMBUJPOT i-JTUJOH3FHVMBUJPOTw UIFBGPSFTBJEDJSDVMBSEBUFE"VHVTU XBTSFTDJOEFE"TQFSDMBVTF G PGTVC SFHVMBUJPO PGSFHVMBUJPOPG-JTUJOH3FHVMBUJPOT UIFBOOVBMSFQPSUTIBMMOPXDPOUBJOBCVTJOFTTSFTQPOTJCJMJUZSFQPSUEFTDSJCJOHUIFJOJUJBUJWFT UBLFOCZUIFMJTUFEFOUJUZGSPNBOFOWJSPONFOUBM TPDJBMBOEHPWFSOBODFQFSTQFDUJWF JOUIFGPSNBUBTTQFDJmFECZ4&#*"DDPSEJOHMZ MJTUFEFOUJUJFT TIBMMCFHVJEFECZUIFGPSNBUBTQFS"OOFYVSF*TIBSFEJO$JSDVMBS$*3$'%$.%EBUFE/PWFNCFS Annexure “B” Forming Part of the Board's Report SECTION A: GENERAL INFORMATION ABOUT THE COMPANY Godrej Industries Limited [GIL], is a part of the diversified conglomerate with a significant presence in home and personal care, animal feeds and agri-products, poultry, oil palm plantation, dairy, real estate development, oleo-chemicals and vegetable oils directly, through subsidiaries/associate companies. Godrej & Boyce Manufacturing Company Limited and Godrej Family members are the Promoters of the Company and the shareholding of promoter/promoter group constitutes 74.81% of the paid up capital of the Company as at March 31, 2016. t/BNFPG$PNQBOZ (PESFK*OEVTUSJFT-JNJUFE t$PSQPSBUF*EFOUJUZ/VNCFS $*/ -.)1-$ t3FHJTUFSFE0GGJDF (PESFK0OF 1JSPKTIBOBHBS Eastern Express Highway, Vikhroli (East), Mumbai 400079. t&NBJMJE JOWFTUPS!HPESFKJOETDPN t8FCTJUF XXXHPESFKJOEVTUSJFTDPN t5IFUISFFLFZQSPEVDUTUIBUUIFDPNQBOZ TUBOEBMPOF NBOVGBDUVSFTBOEUIF4FDUPS T UIBU the Company is engaged in (industrial activity code-wise) are: Sr. No. Name & Description of Main Products NIC Code or Services 1 Fatty Acid 24118 2 Fatty Alcohol 24118 3 Surfactant 24243 t5IFDPNQBOZPQFSBUFTGSPNJUTGBDUPSJFTBUUIFGPMMPXJOHMPDBUJPOT o Ambernath, Maharashtra o Valia, Gujarat o Wadala, Maharashtra o Dombivali, Maharashtra t5IFDPNQBOZIBTTQSFBEJUTXJOHTCPUIJOUIFEPNFTUJDBOEJOUFSOBUJPOBMNBSLFU 62 SECTION B: FINANCIAL DETAILS OF THE COMPANY FY 2015-16 Amount (` crore) Paid up Capital 33.60 Total Turnover 1,309.51 Net Profit after taxes 157.30 Total Spending on Corporate Social Responsibility (CSR) as a % of Net N.A. Profit after Tax Market capitalization (as on March 31, 2016) 11,909 SECTION C: OTHER DETAILS GIL has 7 subsidiaries. The subsidiaries which are required to comply with Section 135 of the Companies Act, 2013 (the Act) have their own CSR projects, and other subsidiaries do not participate in the business responsibility initiatives of the parent company. The other entities with whom the Company does business with viz. suppliers, distributors etc. don’t participate in the BR initiatives of the Company. SECTION D: BR INFORMATION 1 (a) Details of Director/Directors responsible for BR At Godrej we have established a CSR Committee in accordance with Section 135 of the Act which is spearheaded by Mr. N. B. Godrej as its Chairman for its various business responsibility initiatives. The CSR committee of the Board of Directors is responsible for the CSR projects undertaken. The committee reports to the Board of Directors. The CSR Policy made in accordance with the CSR guidelines focuses on addressing critical social, environmental and economic needs of the marginalized/underprivileged sections of the society. Through this policy, we align our CSR strategy with the Godrej group’s Good & Green vision and goals. We adopt an approach that integrates the solutions to these problems into the strategies of the company to benefit the communities at large and create social and environmental impact. The Committee met once in the last year to assess the CSR Requirements of the Company. CSR Requirements as per Section 135 of the Act is NIL for the current year as there was no legal obligation for CSR contribution for the said Financial Year. Consequently, no business responsibility initiatives undertaken by the company have been tagged and reported as CSR spends. The CSR Committee comprises of the following members: Name of the Director Designation DIN Number Mr. N. B. Godrej Managing Director 00066195 Ms. T. A. Dubash Executive Director & Chief Brand Officer 00026028 Mr. K. N. Petigara Director 00066162 Mr. A. B. Choudhury Director 00557547 63 1 (b) Details of Business Responsibility Head Name - Mr. N. B. Godrej Designation - Managing Director Telephone
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