MSPL Limited Corporate Sustainability Report 2015-2017
1 Contents
04 Message from the Managing Director 07 About us 11 About this report 12 Materiality 14 Our stakeholders 17 Sustainability at MSPL 18 Corporate governance 31 Economic performance 35 People 49 Communities Environment A famous Sanskrit verse describes how one must show strength through adversity. 61 Just like a lotus flower which remains unaffected by the dirt and mud surrounding it, even as it grows from within the muddy water. Its beauty and growth is only amplified by the nourishing mud which at first seems like an obstacle. Message from the Management CMD’s Statement “Our CSR initiatives aim to support “We are environmentally conscious, and we strive towards reducing our growth and sustainable development environmental impact throughout all our operations.” initiatives and also solve issues around basic needs that are prominent in a developing country like ours.”
Dear Stakeholders, their own tailoring business in the plants provided by Baldota Group. The mining sector has villages where we work. Women Previously, we set up 11 plants in our It gives me immense pleasure empowerment is of utmost adopted villages. Understanding the undergone immense to present to you our ninth importance to us, keeping this in importance of sanitation, we have change in terms of Sustainability Report – a data backed mind we have encouraged women to installed toilets in the households of regulation, and is easily review of our performance across the be a part of Self Help Groups (SHGs), these villages. “At MSPL, sustainability is an on- triple bottom-line. providing a platform for women to influenced by political become entrepreneurs. We work with SWaN - Society for going journey. Through the years, we trends. In the face of adversity, we continue Wildlife and Nature , a local NGO have ingrained sustainability into our to create positive impacts on the We have initiated DARE (Defence to assess, monitor and preserve These factors have made the communities around us and to Against Rape and Eve Teasing), a biodiversity. On a yearly basis, we operations and it is an integral part of our mining business inherently risky the environment we work in. We nationwide movement for women’s conduct plantation drives by planting business strategy and corporate ethos. and challenging. Our economic believe in working beyond just safety, to provide women with the saplings in different places around performance during 2015-16 was our business activities-believing in best training when it comes to our lease area. slow and our profits declined due to inclusive growth, we work with the safety, to ensure that they feel safe, Over the years, we have learnt what it weaker realizations and inventory communities around us for their smart and empowered. In order to Our employees are some of our most losses. However, at MSPL, we have overall growth and development. create awareness about smoke-free important stakeholders. Ensuring takes to be a sustainable organization and continued to focus on increasing Despite many challenges that kitchens, we fuelled the change their welfare is of utmost importance value to all our stakeholders we have faced, we have initiated by providing households with to us. Our robust human rights policy have enjoyed the rewards of having faith by building on our core values various CSR activities to improve LPG connections, to shift from the ensures that there is no instance of in inclusive and holistic growth.” which emphasise the power of the livelihoods of the communities traditional chulha. child labour, forced labour or any inclusive growth and sustainable around us. kind of discrimination. development. We made constant We understand the importance of improvements to increase our We have started healthcare programs education, keeping this in mind, With a good balance across our triple overall performance and have been in the villages surrounding our we provide financial support to bottom line, we present to you a successful in recording profits for the operational sites - oral health camps, students in dire need. We also detailed review of our sustainability year 2016-17. cardiac and diabetic check-up conduct counselling and coaching performance in the form of this camps, eye-screening camps, general classes to SSLC students to provide report. health camps, mother and childcare a better learning platform for them. camps, orthopaedic camps and ENT The Baldota Group has provided Mr. Narendrakumar A Baldota camps. In 2016, we conducted an 127,000 notebooks to students Chairman & Managing Director artificial limbs and calliper camp in across 55 schools. We conduct Koppal, helping 104 beneficiaries, by computer training programs to donating limbs to them. benefit students across the villages we work along with. We have We have initiated various skill initiated English coaching classes development activities within among youngsters to further improve Towards Sustainable Energy the communication skills. We communities to improve Our wind division is deeply focused on creating awareness on shifting have set up an RO Plant at APMC entrepreneurship skills among from fossil fuel use to renewable energy use. We received the Best in order to provide pure drinking them - in fact, the tailoring training Performing Wind Farm in Karnataka Award in the Category 2MW water to the residents at Hosapete, program that we conducted have and above from Indian Wind Power Association during their 4th a new addition to the existing RO helped many women start up International Conference on Wind Energy in 2015.
6 7 Company Profile
Mining Aviation Pelletisation Wind Energy Our core activity at MSPL is With our continuous The iron and steel sector all MSPL has been among mining. We have integrated interest in the exploration over the world has been on the top investors in mining associated of new fields, we have the lookout for alternative wind energy in India. economic activities with successfully ventured methods to utilize the Our concern for the environment-friendly into the aviation sector. low grade iron ore fines environment and the rising practices. By exercising We have a fleet of three for iron making so that levels of Green House a mechanised open aircrafts – there is optimal utilization Gases (GHG) has led us to cast method and with of the available iron ore invest in wind power and experience of over five • Vise VT- AHB (Cessna resources. Technologies fill the gap between energy decades, we have always Grand Caravan) like sintering and supply and demand in been open to change by • VT-NAB (CJ1+Citation pelletisation enhance the India, with no direct GHG upgrading to modern Jet) productivity of the blast emissions. The presence principles. With our • VT-RNB (P180, Avanti II) furnaces in steel-making of seven of our wind farms mission of becoming the and hence, lower the cost across Southern and leading iron ore supplier Our aircrafts can be hired of steel production. The Western India, is testimony in the country, we have for flight and we have Indian steel industry is to our vision of achieving played a significant role in terms and conditions in gradually moving towards sustainable development identifying Indian High- place that govern such usage pellets instead of goals of harnessing cleaner About us Grade Iron Ore. arrangements. expensive lump ore. and renewable energy.
During the reporting We also have an airport The Baldota Group We take great pride in the fact that territories, we have realised that period, our mining spread across 116 acres we are one of India’s largest iron ore innovation is the key to business operations thus continued in Basapur Village, Koppal 125.75 MW with an increase in District in Karnataka, which Established in 1961, the Baldota mining companies and possess one sustainability. Today, our business production capacity from helps propel our fleet to Group today comprises one of India’s of the largest installed capacities expands into the sectors of mining, 0.91 MTPA to 1.355 MTPA, different destinations. Installed rated capacity as of leading iron ore mining companies. of green energy in the country in wind power, aviation, shipping, and as per the Honourable Distinguished as one of the largest the private sector. With over 53 pelletization. 31 March 2017 Supreme Court’s directive. producers of wind power in the years of prowess in the sector, we country in the private sector, it was are a leading iron ore mining and Through our iron ore mining and built around the core ethos laid processing company. pelletization process, we cater to down by Shri Abheraj H. Baldota the needs of steel manufacturers. Vyasanakere Iron Ore Mines (VIOM) Pellets plant in Koppal District and it has demonstrated unflinching We have been instrumental in Through wind power generation, MSPL’s mine - Vyasanakere Iron Ore Mine carries out iron commitment to the community and identifying and developing Indian we contribute to the sustainable Bearing in mind, the environmental and business ore open cast mining in Hosapete, Bellary region. With a environment. High-Grade Iron Ore and we enjoy development of our country and sustainability, we at MSPL forayed into pellets, with a significant brand equity in India for cater to the demand for renewable lease area of 347.22 hectares and equipped with a fully plant in Koppal district. The highlight of our production our ability to supply high quality energy. Through our aviation mechanised downhill conveyor system, we have two process is the use of the advanced Grate Kiln technology MSPL iron ore and value added products. business, we facilitate connectivity on-site processing plants with processing capacity of 475 in the pelletisation plant, with an economic index We have a strong and experienced and convenience in the age of and 150 metric tonnes per hour, respectively. VIOM is ISO reasonable to ensure stable and reliable process A flagship company of the Baldota management team which has vast technology, where time is money. 14001 certified for Environmental Management System, technology. Our plant currently operates at a capacity Group of Companies, MSPL Limited experience in the mining and natural ISO 9001 and OHSAS 18001 certified for occupational of 1.2MTPA. We mainly cater to the requirements of is a closely held public company, resource industry. health and safety. sponge iron manufacturers in South India, by providing headquartered in Hosapete, customers with premium quality pellets which yields Karnataka with its registered office in By constantly trying to expand our For our outstanding contribution to the Indian iron ore higher metallised sponge iron with reduced production Mumbai, Maharashtra. horizons and venture into new industry, we have received numerous awards by the costs. Central Government of India and the State of Karnataka. Apart from being an ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 certified company, we were also the first unit certified, in the Indian mining sector, for upgrades to ISO 9001:2015 and ISO 14001:2004 status, as certified by Bureau Veritas. This stands as a testament to quality being our priority.
8 9 Our wind farm locations
G R Halli and Jogimatti in Chitradurga, Karnataka Sogi and Jajikalgudda, in Harapanahalli, Karnataka Harihar, Karnataka Dhule, Maharashtra Satara, Maharashtra Surajbari, Gujarat
Our Supply Chain
Mining
Our supply chain for mining activities is heavily regulated. The extracted iron ore is processed and transported to our stock yard which is on our VIOM site. This ore is then auctioned in a government regulated online platform. This is the only platform through which we are allowed, by regulation, to trade iron ore. Through this process, iron ore is sold to the highest bidder, who then collects the iron ore from our site.
Pelletisation
Our supply chain for our pelletisation unit begins when we procure our main raw material which is iron ore from local sources. The ore is then processed in our pelletisation facility with other raw materials, to form iron ore pellets, which are highly sought after in the Steel industry. The final product is sold and our customers collect the delivery from the premises of our plant.
Wind Energy
Wind power generated from MSPL wind farms spread across India, is sold to the government power grid, which is then distributed to the end-user.
10 11 About this report
At MSPL, we recognize the need to communicate our sustainability challenges and achievements to our Creativity Core Values stakeholders. We strive for credible reporting systems and encourage open dialogue with our stakeholders for enhanced transparency. This report is our effort towards achieving this goal. We present to you our 9th consecutive sustainability report which is a data-backed review of our performance, impacts and contribution in the triple-bottom line aspects. Innovatively harnessing the These are quality, customer resources to find creative Our relations, safety, care for solutions that augment environment, ethical business Report boundary Report content Contact information business operations. practices, forming the basis on Mission, which the group functions and The scope of this report includes In preparing this report, we have Mr. Shrenik Kumar N Baldota supports the framework of its performance of our operations at sought to add value through a Vision operations. MSPL - Vyasanakere Iron Ore Mines, broadened materiality process and MSPL LIMITED Pellet Plant, Wind Energy Division, consult not only our employees Baldota Enclave, Abheraj Baldota Aviation Division and Corporate and the community directly but Road, & Guiding Office (Hosapete). The Report also consulted government officials Hosapete – 583203 Karnataka, India. covers all the operations we control as in previous years. Through this and which generate significant consultation process, we were able Telephone: (+91) (8394) Principles sustainability impact (actual and to identify the issues those are most 232002/3/5/6/7 potential). We disclose these impacts material for these groups and define Fax: (+91) (8394) 232444 and material issues as they could be priorities which further allowed us to Email: [email protected] of interest to our stakeholders. Our focus the report on the topics most shipping operations are not covered material to our stakeholders. Our previous report for the period under the scope of this report. The April 2013 to March 2015, can be scope of this report does not include found on our website at GRI Application Level Care MSPL’s subsidiaries. http://baldota.co.in/downloads/csr- Concern reports/ For this edition of our Sustainability Report data Report, we have decided to report under the Global Reporting Initiative We care for the community we A genuine and meaningful This Report includes data for the (GRI) G4 Guidelines – Comprehensive work in, by taking initiatives interest in the environment, by reporting period 1st April 2015 to approach. These guidelines offer a that make a real difference embracing green technologies, 31st March 2017. The precision more comprehensive approach when at the grass roots level in the afforestation programs and air, Commitment of data collection continues to compared to the previous version of areas of education, healthcare water and soil management. improve each year. Consolidated GRI. and overall enhancement in data is collected through centralized the living standards of the databases, with additional data This report also follows the GRI community. An unflinching promise of collected at site level. The measures G4 Mining and Metals Sector providing nothing short of the reported reflect a combination of Supplement. best in quality and quantity leading and lagging performance through state-of-the-art R&D indicators, which are further Please refer to the GRI Index at the and continuously upgrading the discussed in our approach. end of the report. skill quotient of managers and workers.
With a vision to be valued as one of the world’s leading provider of iron ore and value added products, our mission is to become the leading Iron Ore supplier in the country by meeting the direct and implied needs of domestic and global customers to their satisfaction, through the employment of state-of-the-art technology, and services of committed and knowledgeable team members. We operate with the above guiding principles.
12 13 Materiality
Materiality is the guiding principle reflect stakeholder concerns and interviews were conducted for better that ensures reporting is relevant expectations. understanding. These discussions and focuses on what matters to the were documented and these have company. MSPL’s materiality process This year we conducted training provided valuable inputs in mapping is in-line with the Global Reporting and interaction sessions with the our materiality matrix. Initiative (GRI) guidance. Material selected stakeholders and conducted issues guide our efforts in developing a materiality workshop. During Following are the key material and implementing the sustainability this session we handed over set of aspects that influence the framework. It is imperative to questionnaires to the members and performance of the company. identify material issues which are gained stakeholder perspectives and not only of business interest but also feedback. Additionally, face to face
Focus Areas
Occupational health & Economic safety performance
Employee training & Energy development
Local Effluent community & Waste development management
Corporate Climate Biodiversity governance Change risk
Grievance Risk Emissions mechanism management
14 15 Our stakeholders
We at MSPL have managed to basis through various engagement succeed against all odds of business modules and appropriate actions Stakeholder Group Engagement Frequency of Key Issues of risks, by virtue of the sustainable are developed to address their Module Engagement Interest business practices that we adopted expectations. These actions are since the beginning. approved by our Board and is a way Communities Field visits and interaction Regular / Need Based Development initiatives of for our Board to engage with our by CSR executives MSPL Despite our commercial activities stakeholders. These expectations sustaining our business, our social and concerns form a vital input to contributions have added value to materiality assessment and overall Contractors/ Suppliers Contract Negotiations, Regular / Need Based Quality, Delivery, Cost, communities around us. business planning. Contract Performance Following HR policies Reviews / Regular We staunchly believe in an equitable Appropriate response actions are Interactions and Feedback partnership with all our stakeholders. developed as part of sustainability We respect the interests of all and framework and business planning Customers Customer Feedback / Annual Feedback & Quality, Delivery, Cost protect the surrounding environment activities to address stakeholder Satisfaction Survey Regular Interactions and communities. While we expectations and concerns. continuously engage with all our Communication on response stakeholders, we give priority to actions is provided to stakeholders Employees HR Policy, HR Continual HR Policies and Practices, local communities, government through various media based on the Interactions, Notices and Employee Training and and employees thus making engagement modules. Announcements, Mailers Development Initiatives community care, compliance and equitable work environment our top During the reporting period, we Industry Associations Participation in Industry Regular / Need Based Mining Industry accomplishments. conducted a stakeholder feedback Forums, Representation in Developments and Issues, collection exercise with FIMI, IWPA and PMAI Pellets industry and Pellets Our surrounding communities are important stakeholders to export largely dependent on us and hence understand their perspective and we have increased our voluntary expectations on our sustainability contributions for community agenda. These focused group Investors / Lenders Investment / Loan Annual / Need Based MSPL’s Financial and development over the years. We have interactions with community Applications Operational Performance adopted a self-sustaining model of and one-to-one interactions with community development so that the stakeholders like contractors/ NGOs Initiatives’ Planning and Need Based Initiatives’ Program communities can thrive with lesser suppliers, customers, employees, Implementation Management external dependence. This includes NGOs and regulatory authorities a thrust on skill development, were conducted. Feedback was formation and strengthening of collated and analysed to further Regulatory Authorities Applications, Compliance Regular Compliance women’s self help groups and sharpen our sustainability focus and Returns entrepreneurship development in was also used as an input for the areas like animal husbandry, tailoring materiality assessment process. training etc. which can further strengthen rural economies. While the nature of our engagement can vary from an ad-hoc meeting to a long-term partnership, it is always Our stakeholders include driven by our core values. our contractors/suppliers, Formal and informal ways of customers, employees, communication are used to engage NGOs and regulatory our various stakeholders to seek We treat our stakeholders as partners in our journey towards growth and authorities participation and effective dialogue. Stakeholder expectations and excellence by working together and meeting their expectations. Our periodic concerns are mapped on regular interactions with these stakeholder groups provide important feedback and guidance to help improve our social performance.
16 17 Our Sustainability Policy framework have drawn inputs for the framework Responsibilities of Business, UN is underpinned by individual policies, from a materiality assessment, which Millennium Development Goals, Sustainability at MSPL standards and targets implemented delineates material issues for MSPL. Sustainable development Goals, GRI within MSPL encompassing The material issues identified are Sustainability Reporting Framework triple bottom-line issues. These aligned to our business priorities and etc. The sustainability agenda at are material to our business, also reflect stakeholder expectations MSPL is driven by our Chairman At MSPL, we combine human ingenuity and natural resources for the benefit of our shareholders, lenders, employees, and concerns. & Managing Director and is ably current and future stakeholders. This is our core contribution to a more sustainable customers, communities, suppliers supported by a cross-functional society. We believe that following sustainable development principles makes good and regulatory authorities and also The framework is aligned to team. The implementation efforts for business sense and are therefore committed to achieving economic, environmental take into account the needs of future various national and international various sustainability initiatives are and social objectives associated with these principles. generations. guidelines and charters such as coordinated by DGM-CSR. ICMM’s Sustainable Development Our sustainability framework is built Framework, UNGC Principles, on principles of inclusive growth and National CSR Policy/Guidelines on responsible business conduct. We Social, Environmental and Economic
Our SUSTAINABILITY goals and commitments.
• We are committed to achieving the highest level of corporate governance standards, integral to our activities and processes; by following our cardinal guiding principles of creativity, commitment, concern, care and core values.
• We are committed to sustainable development and aim to monitor our environmental, economic and social performance and minimize the impact of all our operations.
• We are committed to the continued generation of renewable energy, to proactively engage in addressing climate change and preserving biodiversity.
• We seek to conduct and grow our business in a manner that is both responsible and profitable, while delivering value to all our stakeholders.
• For our direct and indirect employees, we endeavor to adhere to the highest norms of health and safety, and human rights across our operations.
• We believe we have a positive role to play for our communities - contributing towards their various needs and concerns including providing local employment, health and sanitation facilities, education and general improvement of livelihoods.
• We also aim to ensure that our contractors and suppliers also observe regulatory and human rights obligations.
18 19 Our board
Name of the Director Nature of function and independence
Mr. Narendrakumar A Baldota Chairman & Managing Director Non-Independent
Mr. Rahul Kumar N Baldota Joint Managing Director Non-Independent
Mr. Shrenik Kumar N Baldota Joint Managing Director Non-Independent
Mrs. Rashmi S Baldota Director Non-Independent
Mr. Ramakrishna Hemappa Sawkar Non-Executive Independent Director
Mr. Madhava Ravindra Non-executive Operating under a highly volatile business Independent Director Corporate environment, we at MSPL appreciate the need for stable corporate governance with strong ethical Dr. Meda Venkataiah Whole Time Director values and integrity. To us, sustainability translates to Non-Independent governance robust values, efficient management systems and fair and transparent governance practices.
Equipped with these, we effectively manage our Our governance and risk impacts on and our interactions with our employees, management framework, the environment, and the society. We have made responsible corporate citizenship a core pillar founded on the principles of our strategy, integrating it into our day-to-day of fairness, ethics and work, planning and decision-making across all our activities. transparency, aims at efficiently overseeing our performance in We have adopted Clause 49 of the Listing Agreement which lays down the principles for good corporate economic, environmental and governance, even though compliance of the same social aspects. is not mandatory. In pursuance with Clause 49 of the listing agreements, we have set up various committees at the apex level to ensure ethical conduct in our operations. Originally founded by late Shri. Abheraj H. Baldota in 1961, our business and operations are currently headed by the son of late Abheraj H. Baldota, Shri Narendrakumar A. Baldota, and his two sons, Rahul Kumar N. Baldota and Shrenik Kumar N. Baldota, all of whom are on the Board.
20 21 Our corporate structure
Narendrakumar A. Baldota Chairman & Managing Director
Rahul Kumar N. Baldota Shrenik Kumar N. Baldota Joint Managing Director Joint Managing Director
Dr. Meda Venkataiah R.L Mukherjee KVS Subramanyam Hanamant Rao Desai Mohit J R Nabaghana Pany Krishnamoorthy A G Desai Whole-time director - Mines CFO VP - Power VP - CC VP - Mktg VP - Group HR VP - Pellet Plant VP - Legal
K. Madhusudhana Jawhar Lal Sinhari VP - Mines & CC VP - Finance & Accounts
Important Important Important Important Important Important Important Important Functions Functions Functions Functions Functions Functions Functions Functions • Over all Operation • Finance and • Operation & • Strategic planning • Sale of Iron ore • Talent acquisition • Operation & • Drafting of and maintenance accounts Management in developing from mines and • Training and Maintenance Agreements, of Mines. • Budgeting of existing wind and maintaining processing units development Pellet plant & Contracts, Power • Ensuring statutory • Internal control farms of 215.75 excellent • Sale of pellets • Employee welfare Beneficiation of Attorney, MW relationship with plant important requirements in • External and • Procurement of • Performance State and Central Correspondence, time. Internal audit • Execution of new raw materials for review • Quality Assurance wind projects Government. Briefs etc. • Man power • Managing liquidity pellet. • Compensation • Environment, • Networking • Study and update management of the company • All statutory and • Debtor control management Health & Safety between the the management • Mining machinery • Arranging finance regulatory issues • Customer • People Company, • Statutory and respective management satisfaction Management Ministry and compliances Dept. w r t • Handling of • Technical regulatory bodies • Timely supply of • Airport and aircraft latest Law and material within the assistance for in revamping the iron ore to pellet operation & Amendments mines by taking Environmental Organizational plant administration. to law, Court care of safety & Clearances. goodwill. Decisions having environment • Land Acquisition impact on • Ensure efficient • Addressing pre business and use of resources, activities materials, Men , and post land • Advising machinery and acquisition issues. respective HODs water • Statutory Clearances. on compliance • Managing of Safety issues. & Environment • Networking • Briefing of suitable with in & out side between the advocate and of Operations Company, Ministry and strategizing in • Producing of litigations in Better quality regulatory bodies in revamping the the interest of products as per business the satisfaction of Organizational Customers goodwill. • Manage with external PR agencies, media engagement strategies, manage media relations.
22 23 Nomination and Securities, Transfer and Corporate Social Remuneration Shareholders’/Investors’ Responsibility Governance procedures Committee Grievance Committee Committee The Nomination and Remuneration At MSPL, we make our stakeholders Corporate Social Responsibility at Nomination and To ensure this, we have a Nomination paid by our peers, and other such Committee determines the our priority. To ensure that we MSPL is more than just a business and Remuneration Committee factors. Compensation reflects the remuneration and variable pay of maintain a sound business strategy. It is a way for us to engage remuneration: at our Board level, which creates responsibility and performance of Executive/Whole Time Directors relationship with our stakeholders, with our external stakeholders – and recommends a remuneration our Board, Key Managerial Personnel and reviews the performance of our Board has set up the Securities, the communities around us. We MSPL’s philosophy on Corporate policy for our Directors and all and the Senior Management. Our Executive/Whole Time Directors Transfer and Shareholders’ / believe in inclusive growth and in Governance is founded upon a rich our employees. The policy is policy governs that no Director, including parameters related to the Investors’ Grievance Committee. the prosperity of all. To oversee our legacy of fair, ethical and transparent performance driven and is structured KMP or other employee is involved environmental and social aspects. This Committee oversees all matters CSR initiatives, our Board has set up governance practices, many of which to motivate our Directors and in deciding his or her own The Committee is also responsible relating to Share Transfer and a CSR Committee. This Committee were implemented even before they employees. We recognize their merits remuneration. for formulating criteria for Investors’ Grievance. is responsible for high-level decision were mandated under corporate and achievements and promote determining qualifications, positive making with respect to CSR. laws and as such, we continuously excellence in their performance. The Nomination and Remuneration attempt to achieve the highest level attributes and independence of a Members Individual performance pay is Committee is also responsible to director, key managerial personnel of transparency, accountability and determined by the individual’s identify persons who are qualified to Members equity, in all facets of our operations. and other employees. Mr. Madhava Ravindra performance which is measured become directors and who may be We are committed to ensure that Independent Director & Chairman of Mr. Narendrakumar A Baldota through an appropriate appraisal appointed in senior management Committee remuneration, commensurate with Members Chairman & Managing Director & process. in accordance with the criteria laid the role and responsibilities, is paid Mr. Rahul Kumar N Baldota Chairman of Committee down, and recommend to the Board to Directors and employees of our Mr. Madhava Ravindra Joint Managing Director Mr. Shrenik Kumar N. Baldota The remuneration of the Board their appointment and removal. Independent Director Independent Director Company. In order to attract and Members, Key Managerial Personnel The committee also formulates the Mr. Shrenik Kumar N Baldota retain properly qualified Members Mr. Narendrakumar A Baldota Joint Managing Director and the Senior Management is criteria for evaluation of Independent Mr. R.H. Sawkar and best talent at all levels, it is our Chairman and Managing Director Independent Director based on our market presence, our Directors and the Board. aim to maintain fair and competitive economic and financial position, Mr. R.H. Sawkar Mr. Madhava Ravindra remuneration consistent with industrial trends, compensation Independent Director Independent Director industry standards and practices.
Audit Committee Committee of Directors
The Committee of Directors is responsible for high The Committee of Directors is responsible for high level decision making. The Committee oversees and is level decision making. The Committee oversees and is responsible for liquidity management and application responsible for liquidity management and application of surplus funds, opening and closing of bank accounts of surplus funds, opening and closing of bank accounts and dematerialization accounts of MSPL. The Committee and dematerialization accounts of MSPL. The Committee can also grant authority and/or issue specific Powers of can also grant authority and/or issue specific Powers of At MSPL, we ensure that only highly qualified directors are appointed. We have laid down Attorney to act on behalf of the Company and for the Attorney to act on behalf of the Company for the purpose the criteria and qualifications for nomination in the policy. The qualifications and criteria purpose of business approve donations and raise funds. of business approved donations and raise funds. that we seek, include, but are not limited to, the following –
Members Members • Persons of integrity, eminence, standing and possession of relevant knowledge with significant achievements in business, professions and/or public service. Mr. Madhava Ravindra Mr. Narendrakumar A Baldota • Their financial or business literacy/skills. Independent Director and Chairman of Chairman and Managing Director • Their mining/wind power generation/steel/aviation industry experience. Committee Mr. Rahul Kumar N Baldota • Appropriate other qualification/experience to meet the objectives of MSPL. Mr. R.H. Sawkar Joint Managing Director Independent Director Mr. Shrenik Kumar N Baldota Mr. Shrenik Kumar N Baldota Joint Managing Director Joint Managing Director 24 25 Competency of our performance, risk management, We strive each day to ensure that we resources, key appointments and are in compliance with all applicable Acting with integrity Board and Performance standards of conduct. laws. We have adopted a policy and evaluation: system for Management of Legal Our Board evaluates its performance Compliances. At MSPL, we require that our directors in economic, environmental and As per the policy, all Functional Code of Conduct: • Conflict of Interest • Environmental Commitment possess certain positive attributes. social areas. Having displayed Heads/Departmental Heads are Employees, whether dealing Employees shall ensure compliance Our Directors demonstrate integrity, commitment and having applied required to ensure that applicable At MSPL, have a Code of Conduct in personal or official capacity, with the spirit and intent of credibility, trustworthiness, ability to its skill and experience to the laws have been duly complied with. which is applicable to all employees are expected to avoid activities, environmental laws, regulations handle conflict constructively, and betterment of our company and our All Functional Heads/Departmental and Directors. This Code lays down agreements, positions, business and standards and incorporate the willingness to address issues stakeholders, we believe our Board Heads are required to give important Corporate Values that investments or interests, and other environmental protection as proactively. is able to effectively evaluate its own Departmental Compliance Report shape MSPL’s value system and situations that are in conflict or an integral part of the design, performance, once every year. (DCR) addressed to the Chairman & business practices, and represents appear conflicting with interests of production, operation and Our Chairman and Managing Managing Director setting out the cherished values of our company. the Company or that may interfere maintenance of MSPL’s facilities. Director have executive functions Such performance evaluation is done Compliances of various applicable It provides guidance to employees with their individual performance. and delegate the authority to in accordance with the provisions of Law. Wherever, there is any non- in recognizing and dealing with Concerns about conflicts of interest • Safety Environmental, Economic and Social the Companies Act 2013, and rules compliance of any Laws, the details important ethical and legal issues may be addressed through either: We assign the highest priority to Heads and the subsequent activities made there under, ensuring that thereof with steps taken/proposed and fosters a culture of honesty and -prior approval in writing of or the safety of our employees and and decisions are supervised by our there is no conflict of interest. to be taken to rectify such non- accountability. -complete and timely disclosure to all those who are influenced by Board of Directors. compliance is also required to be appropriate organizational authority. our operations. Supervisors and Compliance framework: stated in the DCR. This Code is in the form of a policy managers are responsible for Our Directors actively update their and covers the following aspects – • Legal Compliance monitoring the use of all reasonable Employees must adhere to this policy safeguards in the workplace knowledge and skills with the latest Our perseverance and positive Based on such DCRs, our Chairman & on legal compliance and associated including adherence to Company developments in the mining, wind performance in environmental, Managing Director gives a “Company • Integrity – doing what is right reporting. procedures, safe work practices, power generation, steel, aviation economic and social areas even Compliance Report” (CCR) to the We believe that personal integrity, and wearing personal protective industry, market conditions and when the mining industry in general Board. upheld on a day-to-day basis, is • Respect for People equipment so as to ensure health, applicable legal provisions and was facing slow growth, is testament the unshakable foundation for Employees are expected to treat co- safety and welfare of all concerned. sustainability. to the way we conduct and carry out corporate integrity. Long-term, employees and business associates business activities. We could only trusting business relationships are fairly and, irrespective of hierarchical • Confidential and financial We require that our Directors assist make this possible by understanding built by being honest, open and fair. level, with dignity and respect. Being information in bringing independent judgment the intricate balance between human Employees are expected to uphold treated fairly means that employees Employees are prohibited from to bear on the Board’s deliberations activities and nature. the highest professional standards especially on issues of strategy, shall be judged on merits. Senior using Company’s property or • Gifts Management must maintain an open information, or their position within Employees will not solicit any gifts line of communication and to listen the Company, for personal gain. from their business relationships. to all employees. Financial information on Company’s Employees shall reject unsolicited operations and performance gifts that may be perceived as provided to shareholders, equity Our VP-Mines receiving membership development award from Mining Engineers Association of India in 2017-18. intended to or likely to influence any analysts, creditors, newspapers and business decision. Acceptance of such others, whether statutory or cash gift is prohibited. voluntary, must be accurate and reliable.
26 27 MSPL and Climate change
“We are committed to There is a growing awareness of climate change and Risk management its impact on mining industries, the reason being that ensuring minimal impact these industries are often situated in exigent locations, on the climate and the utilise water and energy resources that are climate Mining industry itself is a high risk industry, with regulations, business and sensitive and rely on fixed assets with long lifetimes environment. Our focus is and balance the interests of various stakeholders. political environments bearing high influence on our business. Operating in a directed towards adding highly volatile business environment, we believe risk management is a vital We acknowledge that the warming of the climate is value to the environment, the unequivocal and that the human influence is clear part of our business success formula. economy and the society.” while physical impacts are unavoidable. MSPL’s strategy is tied to sustainable growth and this requires an effective response to climate change. Regulatory framework is a risk to ‘Economic’ section of this report. diligence processes and ensures that As a substantial producer of renewable energy our mining business as the industry We believe that following a there are mitigation plans in place to and a consumer of fossil fuels, we recognize our is heavily regulated, especially precautionary approach towards avert such risks. The current internal responsibility to take action by focusing on reducing where our mines are located. risk, identifying them and taking audit cycle is 2016-17 to 2017-18. our emissions, increasing our preparedness for Indian Iron Ore Industry has been measures to avoid and overcome physical climate impacts and working with local streamlined during last two years. such risks is the way forward. Industry association is of immense communities to ensure sustainable growth. Production with limited capacity aid to us in mitigating the effects of has commenced after the Supreme Apart from external risks, we regulatory risk. With our associations, We prioritize greenhouse gas emission (GHG) Court’s intervention. understand that it is important to we are able to collectively bargain reduction and energy efficiency. MSPL is among the be aware of internal risk factors. To with the government and thereby first companies in the sector in setting an absolute Regulation also includes taxation. manage this effectively, we have reduce the impact of taxation. target to limit GHG emissions. As we grow our District specific taxation and engaged a third party audit firm This has also helped us overcome business, this target encourages us to look for ways to increasing amount of royalty to conduct an operation level risk political risks. improve our energy efficiency, increase productivity payment to District Mineral assessment through an internal and implement additional GHG reduction projects Foundation is also a risk factor. audit. This audit process covers 22 Apart from these measures to across our operations. Political influence on mining has different aspects of our operations efficiently manage risks, we have resulted in major blows to our and is a continuous process which a robust risk management policy To this end, we recognise the various risks and business in previous years. We happens biennially. that guides these measures and is opportunities that climate change poses to our acknowledge the impact that climate extensive in its approach. MSPL’s Risk Management Policy business and we are constantly working towards change has on our business, as we The results of this audit process is mitigating such risks and exploiting opportunities. do the impacts that our activities submitted in the form of an internal • Our formal risk management policy involves a have on the environment. audit report to the Audit Committee monthly review by business and functional units While we are aware that climate change poses of our Board. Our Board periodically and half-yearly review by the management, with physical, regulatory and other such risks to our This is discussed in detail in the reviews the risks and such due our Board itself ensuring policies are in place to company, at the same time, we also see the changing mitigate and address such risks. climate as an opportunity for us to further improve our • The Risk Management Policy outlines our The audit process covers a wide range of our operations and processes in terms of energy efficiency, approach to mitigate and address internal and emission reduction and efficient use of materials. business aspects, including : external risks, material changes in our profile and the effectiveness of the internal control Our highly experienced Research and Development • Finance and Accounts • IT General Controls framework. team works on researching ways to use iron and other • Mining Operations • Project Management Review • Management incorporates the internal control minerals for purposes other than manufacture of steel. • Pelletization Operation • Insurance system, integrates responses into the system Research and development in the iron ore business • Windmill Operation • Legal when the need arises and reports the results of includes efforts to increase the efficiency of mining, • Sales, Marketing and Logistics • Corporate Communications these assessments. reduce the environmental impact of mining and find • Procurement of Materials • Statutory Compliance • Our Board ensures that the system in place for risk alternative uses for non-iron ore minerals extracted • Inventory and Stores • Administration management and internal control are sound and with iron ore as part of zero-waste management • Treasury • CSR effective. They oversee risk management by the initiative. • Human Resources and Payroll • Aviation Management. Our employees are also responsible • Fixed Assets and Capex for identifying, addressing, and reporting the risk.
28 29 Industry participation
An important part of our risk We are strongly associated with the following industry forums - management framework and stakeholder engagement initiative is our participation in various industrial • Indian Wind Power Association (IWPA) forums. We possess membership • Federation of Indian Chambers of Commerce & Industry (FICCI) in major business associations and • Chemicals & Allied Products Export Promotion Council (CAPEXIL) industry forums which are extremely • Council for Fair Business Practices relevant to our business. By • Karnataka State Council Membership participating in these associations, • Mines Safety Association Karnataka we contribute to the development • Federation of Karnataka Chambers of Commerce & Industry (FKCCI) of the industry by responding on key • Mining Engineers Association of India (MEAI) industry issues, sharing of experience • Federation of Indian Mineral Industry (FIMI) and knowledge on specific issues • Mines Environment & Mineral Conservation Association (ME & MCA) and challenges faced by mining and • PMAI-Pellet Manufacturers Association of India wind energy industries. We view • BKRISE – Bellary Koppal Regional Industrial Safety Event our membership as strategic to our business and as an epitome of coherent growth.
“We have adopted best global practices and work with other industry players on economic, environmental and social issues.”
Opportunities +While we are well aware of the risks to our business, our highly qualified Board members and senior management, with relevant experience and expertise, are well placed to identify opportunities for us to grow further.
With the Supreme Court increasing the mining capacity, there is opportunity for us to expand our mining activities. We are also on the lookout for new sites to expand our wind power generation so that we can make significant contributions to the government power grid. Beneficiation of our pellet plant is also an opportunity.
We are also aware of the impacts that our operational activities have on the environment, economy and society. These impacts are detailed in the Environment section of this report.
30 31 Economy
32 33 Economic performance 89% of our workforce employed since our Hosapete operations began are from the local region
It is universally acknowledged that infrastructure spending, it is palpable In 2016-17, however, our revenue the iron ore and steel industry are to conclude that mining for iron ore increased ~42% as a result of efficient two of the most important industries plays an inevitable role in sustaining cost management systems. We also for infrastructure development. From the steel industry. went on to record a profit after tax. safety pins to satellites, mining has We did not receive any financial made possible many of mankind’s At MSPL, positive economic assistance from the government for giant leaps. Right from the early days performance is an important factor the duration of the reporting period leading up to the modern times, to our overall success. In the year and we continue to add value to major infrastructural development 2015-16, we incurred significant our stakeholders across the triple- that our world has seen has included expenditure in rejuvenation and bottom line. elements of iron or steel, making restoration activities to recompense mining a vital industry. the transformation of landform in the course of open cast mining and the At present India produces 65 million disposal of over-burden. tonnes steel, but as per the ‘National Collateral economic impact Steel Policy’ our country is expected Our revenue declined sharply by to raise this production to 180 million ~37% compared to 2014-15 due to Our suppliers are from around the area and this has promoted inflow of money and has resulted in an increase in tonnes by the year 2020. fall in realisations of iron ore by ~50% standard of living. Increase in material movement activities because of our business has prompted locals to buy and that of pellets by ~40%. Our vehicles and help in the movement of materials, hence indirectly increasing employment opportunities around the During the year 2015-17, the Indian profitability also declined in FY2016 area. Owing to frequent movement of vehicles, vehicle maintenance shops around the area have seen a rise in their mining industry saw a decline in the mostly due to weaker realizations income. import and an increase in the export and inventory losses. A significant of steel and iron. With India being portion of the losses was on account The area has seen significant development in infrastructure and all these factors have contributed to increase in land the 3rd largest producer of steel in of revaluation of our inventories revenue around the area. Property rent has seen a sharp increase and Hosapete, despite being a taluk, has witnessed the world and economic highlights in pellet operation and iron ore more development in terms of infrastructure, employment and standard of living because of our business activities, during 2016-17 including high business. in comparison to some of the major districts. All our materials are locally sourced and members of our senior management are hired locally as well. We are proud to witness and be a part of such activities which contribute to the overall development of our economy and country. 34 35 Our People
36 37 Talent Management whatever resources we have within database- ISO training, AutoCAD, People our company. Through various ESI, taxes, etc. is provided to We have a mix of experienced training programs, we attempt the employees. Environmental professionals coming from different to achieve this level of growth, in sustainability is of utmost backgrounds, thus adding to the order to fully utilize the potential importance to MSPL, keeping this in The foundation of our people conditions to all of our employees. We at MSPL believe in providing fair and knowledge database and skill set of our employees. We take all the mind, we provide trainings based on management strategy lies in making responsible working conditions to all our employees, creating a scenario of MSPL. MSPL’s main vision is to required steps to constantly motivate environmental protection and energy our employees our most important for two-way effective communications between employers and employees, produce high quality ore, and in and encourage our employees to conservation. Also holding employee stakeholders. We at MSPL believe in order to create an efficient and balanced environment. We at MSPL have order to do so, we’ve developed completely devote their energies health and safety as highest priority, that employees who are valued organized various events like Founder’s day function, environment day, and a workforce with a high degree of towards quality production. we provide our people with different better, perform better. Our motto is various sports and cultural activities to improve employee participation. professional skills and expertise types of safety related training, to to ensure continuous improvement MSPL’s social policy is designed to ensure wellbeing of all workers. to reach all our goals. Hand in MSPL believes in maximizing ensure their wellbeing at all times. of workspace conditions. Keeping hand with the workforce, through employee skills by providing them Health and safety training provided this in mind, we lay an extreme We at MSPL are committed to: cooperation, commitment, with various opportunities to to employees is mainly based on amount of emphasis on our most dedication, integrity, passion and improve their skill sets. Job related first aid, safety procedures at plant important asset- our people. We • Develop an adequate mechanism for health and safety of all employees. speed, we at MSPL plan on meeting training in relation to material levels, safe handling of materials and believe in fostering a strong, diverse, • Create congenial atmosphere where people of all caste and creed work our vision. handling, machine handling, equipment. and well-equipped workforce, without any discrimination. operation and maintenance by providing them a platform to • Comply with all the laws pertaining to hours of work, leave, wages, We at MSPL intend to provide etc., soft skills training involving boost their talent for their own compensation, health, safety and environment, etc. maximum amount of growth communication skills, and training growth, as well as MSPL’s overall • Work in accordance with SA 8000. opportunities to our workers with in order to improve knowledge growth and development. We • Communicate internally and to interested parties about the policies, aim to transform the capabilities programmes and procedures adopted by the company. of our people through various • Implement this policy through training, involvement and motivation for training, skill development and continual improvement. personal development activities, by constantly initiating various employee engagement activities. Our HR policy is designed to promote continuous improvement for Gender Empowerment workplace conditions, setting out standards and procedures regarding In the year 2015-2017, MSPL provided its employees with a total of 1220 hours of safety health and safety, use of child labour, related training. forced labour, discrimination, trade union rights, disciplinary practices, In the year 2015-17 MSPL provided its female employees with 480 hours of self defence remuneration, working hours etc. Our training. management systems are designed in order to deliver top-class working 38 39 Training
Between 2015-17, the following training programs were conducted in MSPL.
Training hours 2015-2016 Number of temporary employees receiving performance reviews
Employee retention
Training hours 2016-2017
Percentage of employees by category as of March 31st, 2016
Performance Assessments
MSPL conducts regular assessments to understand the performance of all its employees. Performance assessments help MSPL to understand the skills of our employees, and formulate measures to improve efficiency levels. Performance assessments are carried out for employees of different categories. Number of permanent employees receiving performance reviews Percentage of employees by category as of March 31st, 2017
40 41 Employee hire rate
Employee Hire Rate by category as of March 31st, 2016
Employee turnover by category as of March 31st, 2017
Grievance Mechanism developed a grievance mechanism. and location heads work towards Our policies allow the employees to resolving the issue. In the reporting In order to ensure that our people approach the HR of their respective period, no complaints about labour have an effective and reliant platform divisions to register any complaints practices were filed. to put forth their complaints, we have that they have. The HR heads
Percentage of employees by category as of March 31st, 2017
“We believe in providing equal treatment to all in all matters Employee turnover of employment including training, increments, promotions, awards, compensation based on capability, race, caste, age, national origin, religion, disability, gender, sexual orientation, union membership or political affiliations. ” Human Rights all our employees and the other We at MSPL permit our employees stakeholders that we are associated to formulate collective bargaining Our Human Rights policy promotes with. All our agreements and agreements, or join unions without excellent work conditions, and contracts include human rights negative consequences, because ethical sourcing for production of all screening. We do not engage in we respect the rights of all our our goods and services. It is based or support the use of forced and employees. We at MSPL provide on the principles of International compulsory labor (all employees are equal remuneration for male and Employee turnover by category as of March 31st, 2016 Human Rights as propagated by the working for us on their own accord). female workers for work of equal International Labor Organization We have a staunch policy for not value. We have a disciplinary policy Conventions (ILO), the United employing child labour within any in place to ensure the mental, Nations Convention on Child Rights, of our activities and operations. emotional and physical integrity of The policy against child labour is all our workers. We at MSPL are strongly against corruption of any sort happening within our organizational and the Universal Declaration of also communicated to all of our boundary, and have a system in place to ensure no incidents of corruption take place. Our Human Rights. contractors, to ensure that they policies are communicated to all our employees. We are deeply involved in don’t hire child labor either. protecting the human rights of 42 43 Employee benefits the efforts of our employees by provisions for employee benefits Health and Safety conducting health check-ups of the activities under the guidance of the ensuring that they are provided with like gratuity and compensated workforce. safety office and department head. We at MSPL lay great emphasis various benefits. absences are made along with timely We at MSPL believe in ensuring These risk assessments are reviewed on our people who are our most contributions to the provident and a safe, healthy and hazard free Being a company that is majorly into on a yearly basis. Management important resource. Our success is We have a defined benefit plan other funds. workplace, to all its employees, mining, we at MSPL believe in taking plans are laid out for the risks that mostly dependent upon developing which includes payment of gratuity, and we are committed to achieving adequate steps in order to prevent are identified and prioritized, and a skilled and efficient workforce. contribution to provident fund and We follow the regulations laid zero accident level. The department any sorts of accidents associated corrective action is taken, providing We believe that employees who compensating absences. Present down, with respect to minimum heads of MSPL are responsible for with work, and in order to do so, we the required additional training are treated better perform better. liability for future payment of wage and pay our wage workers identifying health and safety related believe in minimizing the cause of to personnel as well. These action BENEFITS PROVIDED In ` Keeping this in mind, we provide our gratuity determined on the basis of equally, irrespective of gender. hazards within their divisions. the hazards that are inherent to the plans are implemented, monitored 2016-17 2015-16 employees with benefits to ensure actuarial valuation at the balance Additionally, we also have an Regular risk assessments are carried working environment. We provide and reviewed in order to improve their wellbeing. With a strategy in sheet date. Gratuity is administered employee housewarming gift policy, out to identify key risks in the area Personal Protective Equipment the working conditions at the plant through Group gratuity scheme and employee wedding gift policy to (PPE) to all our workers, and level. MSPL has drafted out an Provident Fund contribution 60,298,508 29,563,836 mind to motivate employees to of health and safety within different achieve our targets, we appreciate with LIC. Accordingly, appropriate communicate our wishes to them. divisions. provide them with adequate safety Occupational Health, Safety and training to avoid any sorts of risks Environmental policy that covers all Life insurance(GSLIS) 700,600 1,196,000 Safety officers and health officers and accidents, and it’s ensured that possible health and safety issues. guide department heads, while personnel constantly use the PPE’s. Mediclaim policy 2,334,981 2,834,195 ` ` conducting the risk assessment, We at MSPL also provide training Records of such check-ups are Benefits provided 2016-17 Amount in 2015-16 Amount in in order to put an effective health to contract labourers on high risk maintained in the Health Register, Group personal accident 438,554 1,351,069 and safety mechanism in place. areas at least once a year on various and corrective actions are Provident Fund contribution 60,298,508 29,563,836 Safety officer is also a management health and safety aspects. Training strategized. We at MSPL ensure that Paid maternal leave 89,527 NIL representative for health and safety, is conducted in local language the required medicines are provided who is responsible for different to improve communication with to our employees free of cost. First Life insurance(GSLIS) 700,600 1,196,000 workers. We at MSPL abide by OSHAS aid boxes are made available at Bonus 20,809,997 20,809,997 health and safety aspects across different plants, health and safety 18,001, in all our plants. Long work different locations at plant level. Mediclaim policy 2,334,981 2,834,195 of all personnel, and is the key hours in the plants can prove to be Group Insurance in lieu of EDLI 2,506,362 1,663,200 implementer of Health and Safety a health risk for certain workers, Sanitation is also a priority, keeping initiatives at plant levels. The safety keeping this in mind, we at MSPL this in mind, in order to move Group personal accident 438,554 1,351,069 Employee Marriage gift 69,528 65,824 officer is responsible for maintaining have come up with rotation schedule towards health consciousness, we at a record of all accidents, and take for these workers, especiallyOperating those under MSPL a highly ensure volatile that business clean and hygienic House warming gift NIL 6000 Paid maternal leave 89,527 NIL correctiveCorporate actions to reduce the who work in extremely hot,environment, cold or wetoilets at MSPL are appreciate provided throughout the need for all its occurrence rate. The representative is toxic conditions. At plantstable levels, corporate every operational governance areas. with strong Toilets, ethical bathrooms Gratuity 19,976,581 8,804,101 responsible for coordinating with the floor has emergency exitsvalues in suitable and integrity. and Totanks us, insustainability our facilities translates are cleaned to Bonus 20,809,997 20,809,997 recruitmentgovernance team in order to conduct spots that are never keptrobust blocked. values, efficienton a regular management basis and systems monitored and fair We at MSPL have established periodically. Cleaning schedules are Safety PPE’s 622,673.2 1,393,741.68 training programs for employees and transparent governance practices. Group Insurance in lieu of EDLI 2,506,362 1,663,200 and contract labourers with regards various systems to detect, avoid and maintained, and raw water, as well as to health and safety aspects. respond to threats that might arise potable water is subjected regularly Canteen 403,471.3 7,074,268.816 Equipped with these, we effectively manage our MSPL records all accidents and within our operational facilities.impacts on and ourto quality interactions checks- with for ourbacteria employees, and Employee Marriage gift 69,528 65,824 Our governance and risk periodically releases an “Accident Periodically, a health andthe safety environment, risk arsenic and the from society. external We havesources. made There Transportation 6,751,764.51 7,029,320.844 management framework, Analysis Report”. MSPL also has a assessment is carried outresponsible in order to corporate are specific citizenship areas aassigned core pillar to provide House warming gift NIL 6000 medicalfounded officer whoon is the responsible principles for identify various hazards offrom our all strategy, our integratingaccess to potable it into our drinking day-to-day water. Total 95,025,966.01 51,031,717.34 of fairness, ethics and work, planning and decision-making across all our activities. Gratuity 19,976,581 8,804,101 transparency, aims at efficiently overseeing our performance in We have adopted Clause 49 of the Listing Agreement Safety PPE’s 622,673 1,393,741 which lays down the principles for good corporate economic, environmental and governance, even though compliance of the same is not mandatory. In pursuance with Clause 49 Canteen 403,471 7,074,268 social aspects. “Employee health and safety is of the listing agreements, we have set up various committeesour main at the priority, apex level tokeeping ensure ethical this in Transportation 6,751,764 7,029,320 mind,conduct regular in our operations. health check-ups are provided to all workers who are Total 95,025,966 51,031,717 involved with working in “high risk areas” as showcased by the risk assessment studies conducted.”
44 45 Building up safety Hyderabad on 5th March 2016 to Excavation, Transportation, Drilling, spread knowledge on key safety Screening areas, Q&A Department awareness measures that are of utmost etc. Cultural programs were importance to mining industries. conducted, including a drama Keeping in mind the importance called “Yaksha Prashne”, to build up of mine safety, MSPL conducted As a part of Safety Week 2016-2017, awareness on health and safety of an exhibition on “Innovative safe VIOM mines were inspected on 25th employees. practices on emerging trends in November, 2016, inspected the mining industry”, on National Safety Priming Station, 475 TPH Plant, Reef Safety day at Vishweshwaraiah Bhavan office, First- Aid Station, ANFO Mixing at The Institute of Engineers in shed, R&R works, Mine Operations, is our highest priority, Category Prizes and a key performance Occupational Health, welfare amenities and safety cards 1st Place Crusher, Electrical Installation 1st Place indicator in all our Safety Management System 2nd Place operations Drilling and Blasting 1st Place Contractual works vs safety and safety is my responsibility card 2nd Place We at MSPL have a MSPL participated in a conference importance of occupational safety in on “Innovative, safe and sustainable mines. safety tool box which mining” organized by Mines Safety Overall Performance 2nd Place is presented in local Association Karnataka (MSAK) At MSPL, plant level safety at JN Tata Auditorium of Indian committees exist in the pellet making language to all our Institute of Science on 3rd and 4th and mining operations. About 2.6% As a part of MSPL’s Safety Week management actions for the health people. MSPL was rewarded with employees and workers June 2016 under the guidance of of the total workforce is represented 2015-16, under MSAK, zone 1, and safety of all employees, and the maximum number of Trade Test Directorate General of Mines Safety in formal joint management worker from 23rd to 28th November 2015, management actions taken to ensure Prizes in Zonal as well as state levels so they have a better and the Ministry of Labour and health and safety committees as of we presented information on the that zero harm is done to all our during the safety week. understanding of the Employment, Government of India. 2017. In the reporting year 2015-2017, heatlh and safety MSPL’s executive director, Dr Meda no injuries were reported in MSPL’s Venkataiah who is also the honorary pellets and mines facilities. procedures around the secretary of MSAK, was the convener Category Prizes plant. of the conference - he stressed on the Mine workings 1st Place
Crusher, Electrical Installation 1st Place
Safety Management System 1st Place
Drilling and Blasting 1st Place
Occupational health, welfare amenities, and preparation of SOP’s 2nd Place
Maintenance of Mining Machinery v 2nd Place
Overall Performance 1st Place
46 47 Nurturing Employee Drinking water Community health and health program well-being
We at MSPL understand the various In accordance with Sustainable We at MSPL care deeply about health benefits that yoga provides. Development Goal 6, access to safe the health and wellbeing of the Communities Keeping this in mind we’ve hosted water and sanitation, we understand communities in our adopted our first Mega Yoga Camp at the importance of access to clean villages. In accordance with SDG 3 Hosapete which was graced by Sri drinking water to communities. “Ensure Healthy Lives and Promote Baba Ramdev Guruji of Patanjali Keeping this in mind, we have wellbeing for all at all ages”, we’ve We at MSPL care deeply about the We at MSPL have carried out a variety of activities with the communities Yogapeet, Haridwar. More than established 11 Reverse Osmosis developed various healthcare camps communities around our operational around us to ensure their constant well-being. We have representatives in all 10,000 people participated and plants in our adopted villages. RO for the benefit of communities. sites, and work towards their our adopted villages- villagers can communicate their issues in an easy and benefited from this event and got plants were installed as the drinking We’ve provided financial aid for the development and wellbeing through convenient manner to these representatives. Our CSR plan revolves around a better understanding about the water in our adopted villages was construction of a new building of our CSR activities. Corporate Social ensuring that the concerns of the villagers are resolved in an efficient manner. importance of leading a healthy life. contaminated with high fluoride and Indian Medical Association, hence Responsibility (CSR) is a business Due to the impact of this program, acidity levels. contributing to medical infrastructure philosophy ingrained deeply into To meet our CSR policy objective, we use the following four tools to measure today, almost 25 yoga centres have development for supporting doctors, the practices of MSPL Limited. We at CSR: been set up in Hosapete, where RO plants help purify the water community health awareness and MSPL are actively working towards regular yoga classes are conducted. and provide clean drinking water healthcare. The various healthcare expanding opportunities particularly • Benchmarking, In order to develop a healthy to the villagers. Through the RO camps organized in our adopted for the disadvantaged and • Social Audit, workforce, we ensure that our plants, potable water is available villages have helped to address marginalized sections of the society. • Assessment (external and internal) employees participate in various to the villagers at minimal cost. various health issues faced by the We have used our professional • Feedback. sports activities like the Hubli This project was implemented with villagers. skill set to help uplift the local Marathon, Mysuru Heritage Marathon “Public-Private Partnership” (PPP). communities. and Bangalore Marathon. Our Over 25,000 litres of purified water employees along with their families has been supplied to the rural We believe that CSR helps achieve have participated in athletics, communities through these plants a balance between the economic, swimming, badminton, shooting and daily. Possible water borne diseases environmental and social necessities cross country for the National Sports due to consumption of impure water while addressing the expectations of Day function and the 4th and 5th has also been avoided. the shareholders and stakeholders. stay-fit annual day celebration. Our CSR policy is based on five cardinals: creativity, commitment, concern, care and core values. The objective is to provide our Our CSR activities include community healthcare, employees and shareholders with a reference of the values with which sanitation, access to water, women empowerment, our Company operates its business and relationship with the world. We skill development, digital training etc. are committed to institutionalize a stakeholders model of CSR, to ensure that our social responsibility program is stakeholder centric. 48 49 Health camps
Eye camps Gynaecology camp Understanding the importance of a healthy eyesight Understanding the importance of healthcare for we at MSPL started conducting eye camps at our women, we at MSPL have conducted gynaecology adopted villages with a mission to make clear and camps at 11 of our adopted villages. During this camp, bright eyesight a reality for all community members. awareness was created about various aspects like Eye Camps were conducted at Ashwini Eye Hospital, pregnancy, infant care, and many other gynaecological Hosapete and in the adopted villages of Jaisingpur, issues through seminars and informative talks. 1178 Kadirampura, Galemanagudi and Danapura. 32 camps women were screened by a team of doctors and were conducted in 2 years across 15 adopted villages. prescribed treatment for various types of illnesses. In the reporting period, 3299 people were screened Based on the type of medicine, medicines were and received free eye check-ups ,of these 871 were distributed to a majority of the women free of cost. In a advised for eye surgery and 461 underwent eye few of the critical cases recorded, further investigation surgery. Food, travel and medicines were provided to and treatment was carried out. the patients who were undergoing eye surgeries.
Jaipur foot camp Mother and Child Care camp Understanding the importance of providing quality We at MSPL understand the importance of maternal care to handicapped people to ensure livelihood health and paediatrics. In order to raise awareness improvement, we at MSPL organised the Jaipur Foot about mother and child healthcare, we at MSPL have Camp at Koppal for the benefit of people in need and collaborated with Asha workers, health workers distributed artificial limbs and calipers. Blood pressure and Anganwadi teachers to organize programs for Cardiac and diabetic check-up camps Oral health camps and blood sugar levels of the patients were initially neonatal and maternal health at 14 of MSPL’s adopted With changing lifestyle, instances of blood pressure, Dental health is an important factor contributing recorded, in order to get a better understanding of villages. The camp helped communities understand diabetes and hypertension are on the rise. Keeping to the overall health of individuals. To ensure that the health conditions of the stakeholders within the the benefits of self-hygiene, use of RO water, need for this in mind, MSPL organised general health and adequate dental health is provided to individuals in community. Accordingly 295 differently-abled people vaccination etc. The camp also brought up several awareness camps at Hanumanahalli, Danapura, communities, we at MSPL conducted dental camps in benefited from the camp that provided 66 below the issues like joint pain, diseases like malaria, dengue, Kiadal, Galemanagudi and Basapura. Between April the villages of Hosapete and Basapura in collaboration knee limbs, 38 above the knee limbs and 95 calipers. typhoid etc. 1752 women and adolescents benefitted 2015 and December 2016, 1,711 people were screened with Indian Dental Association. The prescribed Apart from this 60 crutches, 30 walking sticks, 4 from this camp. and around 292 were diagnosed with hypertension medicines were distributed free of cost to 426 patients. wheel chairs and 2 hand paddled tricycles were also while 239 were diagnosed with diabetes. Medicine and Seminars were conducted to build up awareness on distributed. healthcare were provided to all those affected by such oral health, cleanliness and food habits to ensure that issues. communities are well versed about oral health care.
50 51 Yoga Camp Construction of household toilets
Yoga has numerous benefits- assisting in both mental In accordance with SDG 6, Access to clean water and health as well as physical health development. sanitation, we at MSPL understand the importance Understanding the various benefits of Yoga, we at MSPL, of providing access to sanitation to meet along with in association with Patanjali Yoga Samiti, Hosapete community sustainability goals. In order to do so, during have been promoting yoga for the healthy lifestyle of the reporting period we have helped 17 household to the citizens of Hosapete. The yoga camps have provided obtain loans from SHGs for the construction of toilets. various health benefits to the community. The yoga To date we have constructed 2,213 household toilets. classes are conducted in MSPL Park and Baldota Park As a result of this programme, four villages have been between 5:30 AM to 7 AM. declared as open defecation free villages
Sustainable livelihoods Road side plantation
The livelihoods of the communities around us are of We at MSPL are continuously striving to make our utmost importance to us at MSPL. Most of our CSR environment greener and promote the campaign for efforts are concentrated around community livelihood environmental protection in the surrounding areas. development. We at MSPL have started conducting During the past year, we at MSPL along with volunteers various sustainable livelihood initiatives for farmers, have planted saplings in Bellary & Koppal districts. We self-help group members, unemployed youth, planted 2779 plants, out of which 1466 were at Hosapete marginalized women and differently-abled people. and 1313 saplings at Koppal district. For all the plants Through the sustainable livelihood initiatives, the which we have planted, we have provided guards to communities are provided with the strength to enhance protect them from grazing animals. We expect a survival their capabilities to ensure a better future. rate of 90%.
“A total of 73000 girls have been trained by the DARE team. The team of master trainers have also trained 475 volunteers “More than 200 seniors registered for the programme and who conduct further training sessions in their vicinity.” currently, 70 are in training.”
Women’s Safety Baldota who has been trained at UCCA. It is a free-of-cost Digital technology for senior citizens WhatsApp, Skype, Paytm and online banking, we have workshop conducted for school girls in 8th standard and initiated an awareness programme for senior citizens. We at MSPL strive to empower women by providing above and for women in colleges and offices for their self- Understanding the importance of making senior citizens them with defence training, to help women defend defence against threats like eve teasing, harassment, rape more aware of the advances in digital technology and in They are taught the basic skills which they need to themselves at all points of time. Defence against Rape etc. Women are trained in order to help them adapt to the changing world, we at survive in today’s digital economy, particularly after and Eve Teasing (DARE) is a unique project which is • Verbal confrontation skills MSPL have initiated programs to introduce senior citizens demonitization. The training centre is located in being implemented as part of the CSR programme at • Avoidance, Response, Survival and Escape tactics to digital technology of today. To educate those who Hosapete to aid senior citizens in the town and the MSPL. It was conceptualised and initiated by Ms. Vaama • Self-defence techniques have been left out from the use of current technology like surrounding villages.
52 53 Self-help groups Skill development trainings, capacity and purchase of sites and household Skill Development for the training. We also conducted an and technical skills training. Our vice building, and life skills trainings are materials etc. embroidery training programme at president of HR is the chairman for Youth To empower women in various also provided. Halavarthi as an advanced training Institute Management Committee of aspects, we at MSPL have initiated In the reporting period, various course for women. A total of 1,595 ITI. The main role of this committee is MSPL has created and assisted a animal husbandry applications To equip the youth of local women underwent training in to identify the needs of the institute and supported the formation of self- communities with skills to increase help groups, not only to improve skills total of 136 SHG’s, with 2 more being by various members of the SHG’s tailoring. and fulfil those needs through added in April-December 2015 in were aided by MSPL. Till date, in their employability, we at MSPL b) Computer skills training support from local industries. of women, but also to provide them started organizing regular courses on with the confidence and will-power to Kanvihalli, Hosahalli and Chitwadagi, order to prevent negative impact on With the world IT industry Hosapete. women’s health as well as reduce tailoring training, IT training etc. with booming, computer skills are Keeping in mind the ever-growing achieve their goals, so as to improve a view in mind to improve livelihoods their livelihood. the burden on the forests, MSPL has absolutely necessary in all fields. importance of computer knowledge In order to help with income facilitated 1291 LPG connections of the communities around us In fact, having computer skills is in all fields of work, we at MSPL generation and asset creation, for households- 184 of these LPG through skill development activities. an important criteria for hiring in conducted computer training Based on the availability of resources, a) Tailoring training markets and the occupational skills financial support was provided to connections were made during the various industries. Keeping this in programmes to educate the youth the SHG’s for various reasons like reporting period. Tailoring training was provided to mind, we at MSPL, provide computer about new technologies and provide of the people, we at MSPL have 297 women in 7 locations, to provide supported the formation, training, setting up small businesses, animal training for unemployed youth to them with the knowledge of the husbandry, agricultural activities, for them with the skills to improve their make them more employable. We mainstream events in IT. MSPL financial support and functioning of livelihood and income. Currently, SHGs to empower women. the construction and repair of houses have partnered with ITI Hosapete conducted a 6 month traning course we at MSPL are running 7 tailoring to help students studying in ITI. We for 65 students. Up until now, 1,189 centres in our adopted villages, completely support government unemployed youth have been where 160 members are undergoing ITI through provision of managerial benefitted.
Case study: Self help groups - Animal husbandry Case study: skill development for the youth
Shantamma, a member of the SHG started by MSPL, was previously facing difficulties as she and her husband Bhamappa could barely meet along with the basic requirements of their family due to poor economic conditions. The main sources of income “The sewing machine that I own is working for their family were through a cow they owned, extremely well! It has helped me build my own and from the daily labour earnings. However, identity, from being known as Durgesh’s wife in Shantamma joined the SHG program of MSPL, and my community, now I’m known as the lady who applied for an interest free loan through the SHG. stitches dresses and blouses for the villagers! I took the 6 months course on tailoring training in 2009, She was provided with financial assistance of and a lot has changed since then, I’m one of the ` 20,000/- for animal husbandry. She used this most skilled tailors in my village. I earn up to ` 7,000 amount to buy an additional cow. Through this per month. I have a fixed schedule daily, I finish all addition of the second cow, the family’s overall my work at home by 11 AM, and get on to finishing income increased- now, they manage to earn a total my tailoring tasks that go on until 4:00 PM. At a of ` 4,800 per month. stretch, I can stitch up to 3 to 4 dresses. This gets me around ` 250-300 every day. Not only do I earn “The SHG’s started by MSPL has helped assist my money through tailoring, but I also have started family significantly, increasing our earnings every a training program, for the girls in my village. I’ve month through animal husbandry. Our overall provided tailoring training to 4 girls in my village, livelihood has improved due to the additional charging them ` 100 per month. Right now, me income all owing to MSPL’s assistance. Right now, and my family are building a new house, and I’m I’ve repaid 60% of the loan taken to the SHG’s. I concentrating on completing the construction of just need to pay back the remaining amount of ` thankful to MSPL and its efforts towards community Chalavati, a 23 year old holds MSPL to be the this new house. I honestly thank MSPL for all their 8,000, which will be done soon. My entire family is development. sole reason for her independence and livelihood efforts, and providing me with not only the tailoring improvement of her and her family. The tailoring training, but also the free sewing machine. This has We wish MSPL well in all their future projects to training provided by MSPL helped her improve her really helped me build up my identity in my village. come!” skills, and gave her a whole new career pathway, It has also boosted my confidence and helped me that added to the family’s income. be independent and stand on my own feet!”
54 55 have benefited from the free tuitions We identified, counselled and conducted by MSPL in Danapura, provided financial assistance for Hanumanahalli, Kanivihalli, continuing education to 19 school Srungarathoa, Basapura and students and 9 college students who Halvarthy villages. At these tuitions, were dropouts. 9 teachers were employed to aid OUR OTHER COMMUNTIY DEVELOPMENT ACTIVITIES the students by providing active To motivate school children to think coaching in Mathematics, English creatively about a self-contained and Science. community or a model village, MSPL conducted drawing competitions Educating young minds To instil good habits of cleanliness in Srungarathota, Hanumanhalli and hygiene among school children, and Danapura villages. Recognising We at MSPL believe that education is MSPL conducted awareness the importance of English as a link very important in building a strong Camps in Halavarthi, Srungarthota, language and an aid to get better foundation in one’s life. We want to Kanvihalli and Hanumanhalli. 121 employment, MSPL conducted a see children grow into strong leaders, awareness trainings were conducted. Spoken English Course at Chittavadgi in order to develop and nurture the 627 students were a part of the and Hosapete. 35 people benefitted Inspiring sportsmen Cashless village Grievance cell community further. program, where they undertook from the 2 month course. training on the importance of At MSPL we understand that a In today’s digital world, it is We at MSPL have stationed our Between April 2015 and March 2017 personal hygiene. fit community helps to build important to have a bank representatives in the villages a total of 272 students of class 10, a fit and healthy nation. We account in order to keep in which we conduct our CSR sponsored prizes for VSK money in a safe, secure and activities to ensure that all the University Collegiate Volleyball accountable space. In order to villagers concerns are reported Championship and also for the help communities set up bank to our CSR committee. The CSR Zonal and Taluk level sports accounts, we at MSPL initaitlly committee then formulates meet held at Higher and Primary selected two of our adopted solutions to meet along with the Schools in Hosapete. We also villages- Hanumanahally and villagers concerns. sponsored prizes for the 6th Danapura. These villages were VSK University Inter collegiate surveyed in order to understand Volleyball Championship for the bank details of the families in Men and Women held from the villages- whether they have 19th to 21st September 2016 at bank accounts, whether they use Kamalapur. cards/online banking etc.
We at MSPL collaborated with Pragathi Krishna Gramin Bank and assisted villagers in opening bank accounts and obtaining cards. In these villages, there are 1,004 families, comprising of a total of 3,657 people. We have helped 3,048 of these people set up bank accounts. Our target is to complete setting up bank accounts for the remaining 609 people, so as to convert it into a “cashless village”.
“We distributed 1,27,000 notebooks to 26,614 students across 55 schools.”
56 57 Environment
58 59 “We use state of the art technology throughout our Caring for the planet operational areas to reduce our overall impact.”
Managing our organization’s around our operational areas. We by conducting training programs to Our sustainability strategy lies Our sustainability model is built on ensuring that: environmental impact is one of our understand how integral R&R is for raise consciousness among them. We around identifying areas for highest priorities. We realize that the sustainability of any business, at MSPL are regular participants of potential improvement, putting in • Minimal environmental harm is caused due to our operations by being an organization involved in and keeping this in mind, we’ve the Mines Environment and Mineral place measures to achieve targets, strategizing effective measures to reduce impact. such diverse sectors- mining, pellet incorporated it into our agenda, not Conservation week that is conducted and constantly monitoring our • Reducing spillage during our operations that could potentially harm the making, wind energy and aviation, only as a statutory requirement, but by the Indian Bureau of Mines, operational areas to ensure that all environment. each of these can have their own as a part of our overall sustainability actively participating in the activities our targets are being met. In order • Identify risks, put in place risk management mechanisms and mitigate set of impacts on the environment. plan. since 1992. In order to improve to understand our impact in the risks. At each level, we are working operational efficiency in our mining first place, we’ve carried our risk • All operations need to be compliant with national as well as local norms. towards reducing the environmental Our business divisions revolve operations, we installed a downhill assessments, and environmental • Ensure that all environmental targets are being met. footprint of all our activities. As around environmentally friendly conveyor system that reduced the impact assessments to understand • Plan out an environmental management system that moves MSPL an organization, we’ve often been techniques, and with each successful environmental impact that would our impact as an organization. towards continuous improvement. recognized for our participation in year, we hope to improve our otherwise have been caused due to Following the risk management • Ensure transparency in all operations. ensuring environmental stewardship processes for a better outcome. We transporting the iron-ore downhill by protocol, once we assess our risks, and being responsible at each and ensure that our employees are a road. we implement procedures to ensure every step of our growth, since our part of our environmental agenda minimal risk to the environment. inception. With stringent regulations Our HSE policy covers such risks, set by the government ruling the ensuring that national and local mining sector, we did go through environmental standards are being hard times, yet, we are slowly met along with in all our operational climbing up the ladder again, and areas. at the same time, ensuring that environmental protection, is still at the core of our growth. We’ve put in various measures in place across our businesses, to reduce our energy, water, and waste Sustainability footprints. We are constantly working towards reducing our emissions. We understand the importance of incorporating sustainability initiatives into our Biodiversity management is of great company’s approach and we are constantly working towards expanding our current importance to us, and through sustainability initiatives. Getting more out of less is our agenda, and through our resource our plantation drive, we plan on management plan, we hope to achieve this. increasing the green cover in and 60 61 used in an efficient and sustainable We are putting in plans to ensure manner. We aim to develop a plan to that these minerals are obtained too MSPL Pellets Units 2016-17 2015-16 reduce our resource usage year on through our recovery processes. year. Iron Ore Tonnes 7,69,112 757,218.54
We understand that mining industry being an extractive industry can use Bentonite Lumps Tonnes 7,270 5,467.08 a significant amount of resources, however, we’ve put plans in place to Limestone Tonnes 5,971 6,643.52 ensure that we minimize resource Recycling is an integral part Material Management usage, yet maximize our production. of our resource management, Dolomite Tonnes 5,233 5,625.38 In order to do so, we make optimum keeping this in mind, we recycle For any industry, resource usage of the materials that we have 100% of the lime sludge and management lies in the core of its on hand, to ensure that nothing goes ESP dust that is generated Grinding balls 40 mm Tonnes 76 100 operational strength. Managing our to waste. Material recovery is a major within our pellet making facility. resource use is of great importance to part of our mining operations, and This reduces our requirement us. We have four diverse operations- we ensure that our processing plans for additional materials. In our Grinding balls 50 mm Tonnes 114 106 Mining, Pellet Making, Wind and maximize iron ore recovery. While mining operations, the BHQ that Aviation, which use a diverse range of mining, we come across several other is generated is stored separately, Grinding balls 60 mm Tonnes 244 238 resources. In each of these business minerals too, other than just iron ore, and utilized whenever required. lines, we ensure that resources are minerals that have alternative uses. Grinding balls 70 mm Tonnes 263 205 Specifics of material usage facilities in 2015-2017: Bituminous Coal Tonnes 970 1,084.23 MSPL Mines Units 2016-17 2015-16 (Oils and Grease) (Oils and Grease) Anthracite Coal/PCI Tonnes 28,862 28,584.44
Grease Tonnes 0.19 4.00 Flocculant Tonnes 7.27 7.08
Lubricating Oils Tonnes 26.03 172.38 Furnace Oil Tonnes 6,055 7,216.9
HSD Tonnes 1,547.33 1,550.38 HSD Tonnes 556 394.40
MSPL Mines Units 2016-17 2015-16 (Explosives) (Explosives)
Slurry Tonnes 27.12 16.43
Ammonium Nitrate Tonnes 113.81 76.15
Liquid Oxygen Tonnes 164.50 115.58
SOD (Detonators) Nos 552 321
Detonating fuse Mtrs 155,725 106,175
Safety fuse Mtrs 956.48 580.11
Other explosives Nos 2,048 686
62 63 Recycled materials specifics in 2015-2017:
MSPL Wind Units 2016-17 2015-16 Wind Division Units 2016-17 2015-16 (Oils and Grease) (Oils and Grease) Recycled Materials
Grease Tonnes 1.37 1.43 Cotton waste Tonnes 1.3 1.36
Lubricating Oils Tonnes 1.92 1.12
Transformer oil Tonnes 1.16 1.55 Pellet Making Units 2016-17 Recycled Materials Gearbox Oil Tonnes 9.98 5.89 Metal scrap: This metal scrap is generated from replacement of traveling grate chain Tonnes 92.5 Hydraulic Oil Tonnes 0.73 0.63 links & its accessories. It is sold.
Rubber liners (removed from ball mill)-This is sold to the authorized dealer Tonnes 3.5
MSPL Wind Units 2016-17 2015-16 Used oil- This is sold to the authorized recycler Litres 4,830 (Ancillary) (Ancillary)
Filter element Nos 119 106
MSPL Aviation Units 2016-17 2015-16 (Oils and Grease) (Oils and Grease)
Grease Tonnes 11.6 0.01
Lubricating Oils Tonnes 0.05 0.063
Materials corporate Units 2016-17 2015-16 office
Paper Reams 1.10 1.31
64 65 Production details MSPL Wind Generation Details:
Between 2015-17, the following were our production stats. Site Installed Generation (MWh) Generation (MWh) capacity (2016-17) (2015-16) in MW
Harihar 6 9,325.25 7,801.08
Jogimatti 11.25 MSPL Mines- Iron Ore Production 27,166.71 24,077.41 in 2015-2017 Sogi & Jajjikalgudda 46.25 105,442.36 93,745.91
GR Halli 27.1 55,676.81 24,077.41
Surajbari 16.2 17,159.77 12,936.24
Satara 1 1,663.64 286.25
Dhule 20 40,251.87 37,169.69
Pellets plant- production in 2015-2017 (tons)
Energy Management working towards expanding our wind importance to us at MSPL. Our pellets energy division to promote usage of plant operations use coal and oil as We at MSPL ensure that energy renewable energy and reduce the major fuels, whereas our mines use “We generated a total of 456,780.4 MWh management is an integral part burden on grid electricity. As of 2015- diesel as the primary fuel. Aviation of electricity in 2015-2017” of all our business units. Climate 2017, our wind energy business has division uses Aviation Turbine Fuel as change is one of the biggest threats a total installed capacity of 127.8MW. the primary source of energy. facing the world, and in order to reduce our impact on the climate During the first half of 2015-2016, Our pellets plant uses the most and reduce GHG emissions, we’ve the performance in our wind farms energy, hence, keeping this in taken various initiatives to invest in was not satisfactory. This was mind, in order to reduce our energy reliable and environment friendly primarily due to El Nino effect, and carbon footprints and move technologies. We want to go beyond poor operational and management towards efficient operations, we have just statutory requirements, and performances at Suzlon installations, installed energy efficient motors in keeping this in mind, we ensure and grid interruptions by KPTCL the pellets facility which reduces that energy is managed at every State Load Dispatch Center during overall electricity consumption. We level of our business activities. This peak wind seasons. However, have planned and installed energy ensures a reduction in the energy we did pickup in 2016-2017. We efficient motors in our pellet plant, footprint across the supply chain. received the Best Performing Wind which consume less electricity, In the year 2015-2016, we consumed 225,100.69 GJ We constantly monitor our energy Farm in Karnataka in the Category thus making the operations energy usage throughout our sites in order 2MW and above from Indian Wind efficient. of energy within our operational facilities, and in to identify areas where improvement Power Association during their 4th measures could be put into place. International Conference on Wind 2016-2017, we consumed 238,503.3 GJ of energy. Our operations are energy efficient Energy in 2015. Energy management throughout. We are constantly in each of our divisions is of utmost
66 67 Energy details
Between 2015-17, the following were our energy stats.
Energy use Inside the Organization Energy Intensity in Mines (GJ)- 2015-2016 2015-2017 (GJ/ton) iron ore
Energy use inside the organization Energy Intensity in Wind Division (GJ) - 2016-2017 (GJ/MWh)
Through our energy saving initiatives, we save up to 2,060,000 kWh in our operations in 2015-17 Energy consumption outside the Energy Intensity in Pellets Plant organization in 2015-2017 (GJ) 2015-2017 (GJ/ton)
68 69 Water use Air emissions
We understand that mining can We have measures in place to have a huge impact on water in check air pollution in our mines the surrounding areas, especially and pellets facilities. We conduct surface level water and ground regular air quality testing to ensure water. During processing and dust that particulate matter is within the suppression, huge amounts of water statutory requirements. In order to are usually consumed. Keeping this go beyond just legal requirements, in mind, we’ve set up a system in we’ve introduced a downhill place to efficiently use our water conveyor system that reduces resources to reduce overall water dust related emissions caused by footprint. We regularly monitor our transportation vehicles. We have water consumption levels to ensure sprinklers in place to reduce dust efficient water usage. To make better Water consumption in MSPL for generated in our mining operations. use of the non-operating mining pits, 2015-2017 (KL) We have a dust extraction system we’ve converted them into water and wet drilling in place to reduce Energy consumption outside the reservoirs to save rain water, which the overall impact of drilling. organization in 2015-2017 (GJ) is then further used for our operation and reduces our dependency We have 5 stacks in our pellet on other water sources. 90% of plant, and we carry out air quality water consumption for the mining monitoring near all these stacks. Air Average ambient air quality operations is harvested in these pits. quality testing is done once a month conditions in mines division in 2015- 2017(µg/m³) In our operational facilities, we’ve in these areas. constructed various water harvesting structures to conserve water.
The main sources of water for our mine, pellets, aviation, and corporate divisions are tanker water, ground water, borewell water and ground water respectively. Our mines division recycles up to 60% of the water that it uses. In 2015-2016, a Water intensity in pellets division total of 213,440.1 KL of water was for 2015-2017 (KL/ton pellet) used across our divisions. In 2016- 2017, 225,209.4 KL of water was used across our facilities. We regularly monitor the quality of water across all our divisions.
Average ambient air quality levels in pellet plant 2015-2017
Water intensity in mines division for 2015-2017 (KL/ton ore)
70 71 GHG emissions
At each and every step of our operations, we work towards reducing our carbon footprint by ensuring the efficiency of our operations. Energy efficient solutions are our gateway towards reducing our overall carbon footprint. We do so by utilizing innovative solutions and world class technology to optimize our processes. In 2015- 2016, total GHG impact across our operations was found to be 40,949.24 Direct emissions -Scope 1 tons CO2. In 2016-2017, our GHG 2015-2016 (tons CO2) impact was found to be 44,683.45 tons CO2. Indirect emissions -Scope 2 2016-2017 (tons CO2)
99.79
Direct emissions -Scope 1 2016- Indirect emissions -Scope 3- 2015- 2017 (tons CO2) 2016 (tons CO2) from MSPL
75.76
Indirect emissions -Scope 3- 2016- 2017 (tons CO2) from MSPL Indirect emissions -Scope 2 2015-2016 (tons CO2)
72 73 GHG Intensity in Wind Division (kgCO2/MWh)
Product responsibility
Quality of product is crucial to us in case of our mining and pellet operations. In case of pellets, we customize the grade of the pellet depending on the customer’s requirements. In case of our mining GHG Intensity in Pellets Division operations, we generate iron ore fines and lumps (tons CO2/ton pellet) that are checked for quality and grade, before being In 2016, we took part in an handed for e-auction. Safe transport of our products is a priority. Even though we don’t have labelling event by Jain International or packaging in our divisions, we ensure that safe Trade Organization (JITO) transport is carried out by ensuring that the products are adequately covered during transport, in order to called “Together Towards reduce situations of spillage. Tomorrow”, where we We do not directly deal with our customers, we sell interacted with our our ore through e-auctions, where we send the customers. We ensure that iron ore to the e-auction site. From thereon, the government handles the e-auction, selling the customer’s requirements are iron ore according to the regulations. In order to met in all our products to interact with our customers, we carry our customer satisfaction surveys whenever necessary, and also ensure customer satisfaction. take part in conferences and events to interact with our customers and other stakeholders to respond to their concerns and queries.
GHG Intensity in Mines Division (tons CO2/ton ore)
74 75 Waste MSPL Wind Unit Quantity Quantity (2016-17) (2015-16) Waste management across all our divisions is of utmost priority to us. Our operations are very diverse and generate Waste oil Ltrs 7,564 6,680 various types of waste. We constantly monitor the disposal process of our hazardous wastes, both at our operational facilities and with our vendors through EMS and QMS Hydraulic oil Ltrs 50 140 audits. We generate various hazardous and non-hazardous operational wastes which include waste oil, grease, oil Transformer oil Ltrs 129 129 soaked cotton waste, tyres, scrap etc. We ensure that all our wastes are disposed according to the norms and are effectively managed to ensure minimal environmental Grease Kgs 509.95 15.75 impact. We also ensure that the overburden from our mines division is handled effectively in proper disposal Oil soaked cotton waste Kgs 726.5 1,075.5 areas. We understand that while mining the iron ore, other minerals might be in place too. In order to ensure effective material management and avoidance of waste, Filter element no.s 39 0 we’ve developed systems to help us recover minerals by following systematic mining procedures. We are working towards optimal recovery of minerals and efficient use of waste- especially tailings produced from BHQ benefaction. We understand that water run-off from mines can have MSPL Mine Unit Quantity Quantity an impact on water resources nearby, hence, we contain (2016-17) (2015-16) our surface water run off through waste management that includes construction of gullies, bunds, gabion structures, and pits, to ensure only clean water is discharged. We Lube Oil Ltrs 3,820 7,200 don’t generate wastewater in our pellets operations, as we follow a zero discharge plan. Cotton waste kg 0 540
Overburden tons 1,931,185 1,457,240
MSPL Pellet Unit Quantity Quantity (2016-17) (2015-16)
Waste Oil Litres 4,830 1,000
We have a “Zero-Waste Canteen waste kg 3,500 3,300 Management Plan” that is followed across all divisions that helps us manage our resources efficiently, be it processing, mining or MSPL Corporate Unit Quantity Quantity Office (2016-17) (2015-16) stocking. We recycle materials whenever possible to minimize our Newspapers sold kg 763 255 waste footprint. Scrap kg 6,000 13,000
76 77 Biodiversity
Management of biodiversity around our lease areas is important to us. We ensure we conduct restoration activities, mostly revolving around plantation drives where we plant saplings in various locations. We conduct plantation drives on a yearly basis, planting about 25,000 saplings per year. None of our activities have any major impact on biodiversity. No areas of high biodiversity value are located around our operational sites.
We at MSPL believe that less is more, and we believe in using less resources to ensure more benefit for the environment. We celebrate World Environment Day every year. In 2015, we celebrated World Environment Day with the theme “Seven Billion Dreams. One Planet. Consume with care”. On this day, we raised awareness about the importance of sustainable resource consumption in a way that yields maximum results. The highlights of responsible resource consumption were propagated. We believe in giving back to the environment, and through biodiversity. We constantly support SWaN as well as the world environment data, we raised awareness among Department of Forests. In 2015-2016, we worked with children on measures to adopt for forest conservation SWaN, local panchayats and the forest department in and maintain biodiversity. We ensure that environmental their initiatives to create awareness about flora and methods are inculcated in all our operations to ensure fauna, and protect the nesting sites of endangered minimal impact on biodiversity. We conducted a species. A variety of activities like plantation drives and plantation drive on world environment day by planting measures to protect forest land, as well as activities 50 saplings near Deepayana School. We also distributed to prevent poaching were conducted. To build up saplings among community members. We celebrated community awareness, we work with these entities to world environment day in 2016 where we stressed on the promote eco-tourism and various of their initiatives necessity behind protecting the environment through like appointing bird guards, preventing illegal fishing, activities like planting saplings, afforestation activities, overfishing etc. awareness building etc. In this year, 345 saplings were planted near Koppal and Ankasamundra Lake Areas. Alongside SWaN, and in association with Abheraj Baldota Foundation, we at MSPL worked towards identifying and We are constantly working towards restoring the mapping our rare species of birds, including migratory land in and around our lease areas in order to create birds around the biodiversity rich areas. 130 species of greenscapes. Our initiatives have always been birds that belonged to 36 families under 18 orders were appreciated by the Government of India, because we go identified. Out of these, 86% were residents, 6.15% were In 2015, we worked towards beyond normal statutory requirements and constantly winter migratory, 0.76% were monsoon migratory, and work towards promoting biodiversity initiatives among 6.15% were local migratory. 78% of the birds that were promoting greenscapes around communities. recorded were among the common type of birds, 16.92% our pellet plant by conducting were uncommon, 3.07% were rate species, and 1.53% Areas around our operational sites in Hosapete, were extremely rare species. We work with SWaN towards a plantation drive by plating especially around Tungabhadra Dam are rich in conservation of these species. We constantly work with around 1000 saplings. Mr. V biodiversity. We at MSPL ensure that we work towards SWaN and ABF through awareness campaigns, signages, supporting all biodiversity conservation related activities and patrolling activities to identify, monitor, and conserve Krishnamoorthy along with the in these areas. We work with the Society for Wildlife and biodiversity. team of MSPL, Pellet Plant of Nautre (SWaN) an NGO based in Hosapete to conserve the Plantation Drive organized In 2015-2017, we at MSPL, headed by our CSR team conducted this event. a plantation drive in Bellary and Koppal districts by planting 2779 plants- 1466 in Hosapete and surrounding areas, and 1313 plants in Koppal.
78 79 mining operations is the risk of soil consuming division. We’ve put degradation and erosion. To prevent various measures in place to improve such occurrences, we’ve put in place the operational efficiency of our earthen bunds, gully plugs, contour equipment in the pellets division to trenches, silt settling ponds, gabian minimize energy usage. In order to structures, retaining walls etc. to reduce dependency on resources keep the soil in place. Our mining and reduce waste, we reuse metal ` operations have water harvesting scraps, lime sludge and ESP dust 5.68 Crore structures and pits to conserve generated in this division. Our pellets water within our facilities. In order to division has a zero water discharge Environmental protection reduce dust pollution in our mining plan, where we reuse 100% of the was spent on plantations*, old dump areas, we’ve installed sprinkler wastewater that we generate within We at MSPL understand that our systems in various locations. We have our facilities. activities can have a certain amount rehabilitation, active dump rehabilitation, systems in place to ensure optimum of impact on the environment. recovery of our minerals with the In order to improve the green cover Keeping this in mind, we constantly help of our zero waste management in the operational sites of our monitoring of ambient air levels, noise levels, work towards ensuring that this plan. Our environmental protection Aviation Division, we’ve planted impact is reduced, by carrying out scope extends to our mine closure various trees, herbs and flowers. water quality assessments & ground water various environmental protection processes too. All our mine closure activities throughout our operations. plans have been constituted ensuring We are constantly working towards Risk assessment is a major part of level assessments in 2015-2017. minimal environmental impact. monitoring our environmental all our operations- we ensure that They’ve been approved by Indian impacts to ensure that appropriate we conduct impact assessments Bureau of Mines. environmental protection to understand areas that require mechanisms are put in place. environmental protection initiatives. Energy conservation is of utmost priority for us in our pellets division, One of the biggest risks from our because it is our most energy ` 52.91 Crore Parameter Total Environmental Protection Expenditures (INR ` lakhs) was contributed towards the SPV Capital Cost Recurring Cost (Special Purpose Vehicle) and Rs.27.1 Crore to
Air Pollution Control 12.3 2.5 District Mineral Foundation (DMF) during
Water pollution control 0.3 0.00084 2015-2017
EMP 0.15 0.057
Green belt development 0.25 0.75
Occupational Health 2 0.042
Total 15 3.3557 Environmental awareness
In order to raise awareness about the importance of environment and biodiversity, we celebrate the Mines Environment and Mineral Conservation Week at our mines on 7th December 2015,, under the Mines Environment and Minerals Conservation Association and Indian Bureau of Mines. During this week, the environment protection measures in the Mines were inspected. MSPL bagged the first overall performance award for overall performance, afforestation drives, top soil management, management of mineral rejects, community development and rain water harvesting. MSPL won the second prize for its efforts towards energy conservation and environmental management 80 * minimum of 20000 plants 81 General standard disclosure Page Disclosure Comments GRI Index no level Identified material aspects and boundaries G4 -17 Entities included/ excluded in consolidated 13 Reported General standard disclosure Page Disclosure Comments financial statements or equivalent no level documents G4 -1 CEO’s message 6 Reported G4 -18 Process of defining report content & aspect 13 Reported G4- 2 Description of key impacts, risks, and 28, 30 Reported boundaries process opportunities. G4 - 19 Listing of material aspects during process of 14 Reported Organizsational profile defining report G4- 3 Name of the organisation. 8 Reported G4 - 20 Aspect boundary – Inside organisation 14 Reported G4- 4 Primary brands, products, and services. 9 Reported G4 - 21 Aspect boundary – Outside organisation 14 Reported G4- 5 Location of the organisation’s headquarters. 8 Reported G4 - 22 Restatement and reason of information - Reported No restatement G4-6 Number of countries where the organisation 9 Reported provided in previous reports operates, and names of countries where either the organisation has significant G4 -23 Significant changes from previous reporting - Reported No significant operations or that are specifically relevant periods in the Scope and Aspect Boundaries changes to the sustainability topics covered in the report G4 - 24 List of stakeholder groups engaged by the 17 Reported organization G4 -7 Nature of ownership and legal form. 8 Reported G4 - 25 Basis of identification and selection of 16 Reported G4- 8 Markets served (including geographic 11 Reported stakeholders breakdown, sectors served, and types of customers). G4 - 26 Organization’s approach to stakeholder 16 Reported engagement G4- 9 Scale of the organisation 9 Partially "Total number of Reported employees - G4- 27 Key topics that have been raised through 17 Reported 2015-16 - 928 stakeholder engagment & Organization’s 2016-17 - 598" approach to addressing them
G4- 10 Employee Details Report profile G4 - 28 Reporting Period 13 Reported G4- 11 Collective Bargaining 43 Reported All employees
G4 -29 Date of recent previous report 13 Reported G4- 12 Organisational Supply Chain 11 Reported
G4 - 30 Reporting Cycle (annual or biennial) 13 Reported G4 -13 Changes in Organisation - Reported No changes
G4 - 31 Contact Point for Report 13 Reported G4- 14 Precautionary Principle 28 Reported
G4 - 32 GRI Index 82 Reported G4- 15 External EES Charters subscribed or 19 Reported endorsed G4- 33 Organization’s policy and current practice - Reported MSPL has chosen with regard to seeking -External Assurance to not seek G4-16 Memberships & Associations 31 Reported external assurance for this report.
82 83 General standard disclosure Page Disclosure Comments General standard disclosure Page Disclosure Comments no level no level Governance G4 – 48 Highest committee or position that formally - Reported The Board of G4 - 34 Governance structure of the organization 21 Reported reviews and approves the organization’s Directors including committees of the highest sustainability report governance body responsible for decision making on economic, environment and social G4- 49 Process of Communicating critical concerns 16, Reported impacts to the governance body 24, 43, 57 G4- 35 Process to delegate authority on EESG 24 Reported G4 - 50 Nature and total number of critical concerns - Reported None G4- 36 Appointed executive-level position for EESG 24 Reported that were communicated to governance body and mechanism used to address and resolve them G4 - 37 Consultation and input from stakeholders 17 Reported and highest governance body EES topics G4- 51 Remuneration policies for governance body 25 Reported and senior executives for the below types of G4- 38 Composition of governance body and its 21 Partially remuneration committees Reported
G4- 52 Process for Determining remuneration 25 Reported G4- 39 Chair of the highest governance body is an 26 Reported executive officer too G4- 53 Stakeholder views of remuneration - Not reported G4- 40 Nomination and Selection process for 25 Reported governance body and committees G4- 54 Ratio of annual total compensation for - Not reported highest-paid individual in each country of significant operation to median annual total G4- 41 Processes for highest governance body to 27 Reported compensation for all employees in the same ensure conflict of interest are avoided country
G4- 42 Roles, development process in EESG 19 Reported G4- 55 Ratio of percentage of increase in annual - Not reported strategies total compensation of highest paid individual in each country of significant operation to G4- 43 Measures to develop and enhance 26 Reported median percentage increase in annual total governance body’s EESG knowledge compensation for all employees in the same country G4- 44 Process of Evaluation of Performance of 26 Reported governance body’s on EESG & Action taken Ethics and integrity to the response G4 – 56 Code of Conduct and Code of Ethics 27 Reported
G4 - 45 Role of Governance body in identification 28 Reported G4- 57 Mechanisms for seeking advice on internal - Not reported and management EESG risks and and external governance related matters opportunities, and the governance body’s role in implementation of due diligence processes and stakeholder engagement G4- 58 Internal and external mechanism reporting - Not reported used to identify EESG risks concerns about unethical or unlawful behavior G4 - 46 Governance body’s role in reviewing 28 Reported the effectiveness of organization’s risk Economic indicators management process for EESG G4- EC1 Direct Economic value generated and 34 Partially Please refer to distributed (EVGD) Reported MSPL's annual G4- 47 Frequency of highest governance body’s 28 Reported report for detailed review of EESG, risks and opportunities economic performance details.
84 85 General standard disclosure Page Disclosure Comments General standard disclosure Page Disclosure Comments no level no level G4- EC2 Financial Implications and other risks and 29 Reported G4 –LA6 Type of injury and rates of injury, occupational Reported No injuries were opportunities for organization’s activities due diseases, lost days, and absenteeism, and recorded during the to climate change total number of work - related fatalities, by reporting period region and by gender G4- EC3 Coverage of the organization’s defined benefit - Not reported plan obligations G4 –LA7 Workers with high incidence or high risk of Reported There are no diseases related to their occupation workers with high G4-EC4 Financial Assistance received from 34 Reported incidence or high government risk of diseases related to their occupation. G4- EC5 Ratio of standard entry level wage by - Reported Equal pay for men gender compared to local minimum wage at and women. significant locations of operation G4 –LA8 Health and safety topics covered in formal Reported There are no unions agreements with trade unions present. G4- EC6 Proportion of senior management hired from - Reported 100% local community at significant locations of G4 –LA9 Average hours of training per year per 40,41 Reported operations employee by gender, and by employee category G4- EC7 Development and impact of infrastructure 35 Reported investment and services supported G4 –LA10 Programs for skills management and 40,41 Reported lifelong learning that support the continued employability of employees and assist them G4- EC8 Significant indirect economic impact, 35 Reported in managing career endings including extent of impact
G4 –LA11 Percentage of employees receiving regular 40,41 Reported G4- EC9 Proportion of spending on local suppliers at - Not reported performance and career development significant locations of operations reviews, by gender and by employee category Social indicators Labour G4 –LA12 Composition of governance bodies and 42,43 Partially G4 –LA1 Total number and rates of new employee hires 40,41 Reported breakdown of employees per employee Reported and employee turnover by age group, gender category according to gender, age group, and region minority group membership, and other indicators of diversity G4 –LA2 Benefits provided to full-time employees 44 Reported that are not provided to temporary or part- G4 –LA13 Ratio of basic salary and remuneration of Reported Equal pay for men time employees, by significant locations of women to men by employee category, by and women. operation significant locations of operations
G4 –LA3 Return to work and retention rates after Reported No parental leaves G4 –LA14 Percentage of new suppliers that were Reported Our humans rights parental leave,by gender were taken during screened using labor practice criteria policy ensure that the reporting period our suppliers are following fair labor G4 –LA4 Minimum notice periods regarding Reported 2 months notice criteria. operational changes, including whether these period. are specified in collective agreements G4 –LA15 Significant actual and potential negative Reported No such negative impacts for labor practices in the supply impacts. G4 –LA5 Percentage of total workforce represented in 46 Reported chain and actions taken formal joint management - worker health and safety committees that help monitor G4 –LA16 Number of grievances about labor practices Reported No such grievances and advice on occupational health and safety filed, addressed, and resolved through formal filed. programs grievance mechanisms
86 87 General standard disclosure Page Disclosure Comments General standard disclosure Page Disclosure Comments no level no level Human rights G4 –HR 9 Total number and percentage of operations Reported All our operations G4 –HR1 Total number and percentage of significant Reported All our investment that have been subject to human rights are subject to investment agreements and contracts agreements and reviews or impact assessments human rights that include human rights clauses or that contracts undergo reviews and impact underwent human rights screening human rights assessment. screening G4 –HR 10 Percentage of new suppliers that were Reported All our suppliers G4 –HR2 Total hours of employee training on human Reported All our employees screened using human rights criteria are screened using rights policies or procedures concerning are emailed about human rights aspects of human rights that are relevant human rights criteria. to operations, including the percentage of policies, procedures employees trained and code of G4 –HR 11 Significant actual and potential negative Reported No such negative conduct relevant to human rights impacts in the supply chain and impacts. operations. actions taken
G4 –HR3 Total number of incidents of discrimination Reported No such incidents G4 –HR 12 Number of grievances about human rights Reported No such grievances and corrective actions taken of discrimination. impacts filed, addressed, and resolved filed. through formal grievance mechanisms G4 –HR4 Operations and suppliers identified in which Reported No trade unions are the right to exercise freedom of association present within the Society and collective bargaining may be violated organization. G4 –SO1 Percentage of operations with implemented Reported All our operations or at significant risk, and measures taken to local community engagement, impact implement these support these rights assessments, and development programs activities.
G4 –HR 5 Operations and suppliers identified as having Reported No such risks in our G4 –SO2 Operations with significant actual and Reported No such negative significant risk for incidents of child labor, supply chain. potential negative impacts on local impacts. and measures taken to contribute to the communities effective abolition of child labor G4 –SO3 Total number and percentage of operations Reported No such risks G4 –HR 6 Operations and suppliers identified as Reported No such risks in our assessed for risks related to corruption and present. having significant risk for incidents of forced supply chain. the significant risks identified or compulsory labor, and measures to contribute to the elimination of all forms of G4 –SO4 Communication and training on anti- Reported All our employees forced or compulsory labor corruption policies and procedures are mailed details on anti-corruption G4 –HR 7 Percentage of security personnel trained in Reported All our employees policies and the organization’s human rights policies or including security procedures. procedures that are relevant to operations personnel are emailed about G4 –SO5 Confirmed incidents of corruption and Reported No such incidents. human rights actions taken policies, procedures and code of conduct relevant to G4 –SO6 Total value of political contributions by Reported No such political operations. country and recipient /beneficiary contributions.
G4 –HR 8 Total number of incidents of violations Reported No such incidents G4 –SO7 Total number of legal actions for anti- Reported No such legal involving rights of indigenous peoples and of violation. competitive behavior, anti-trust, and actions. actions taken monopoly practices and their outcomes
G4 –SO8 Monetary value of significant fines and total Reported No such fines. number of non-monetary sanctions for non- compliance with laws and regulations
88 89 General standard disclosure Page Disclosure Comments General standard disclosure Page Disclosure Comments no level no level G4 –SO9 Percentage of new suppliers that were Reported We try our best G4 - EN 12 Description of activities in these biodiversity Reported No such screened using criteria for impacts on society to ensure that rich areas biodiversity rich all our suppliers areas close to our are screened to operational site. enure minimal impact in various G4 - EN 13 Habitats protected or re-stored Reported We conduct asspects. We plan plantation drives on putting a formal and sapling mechanism in place drives to promote for supply chain afforestation. assessment using society as a criteria. G4 - EN 14 Total number of IUCN red list species and Reported No such species. national conservation list species with G4 –SO10 Significant actual and potential negative Reported No such negative habitats affected by opera¬tions, by level of impacts on society in the supply chain and impacts. extinction risk actions taken G4 - EN 15 Direct GHG emissions (Scope 1) 72-74 Reported G4 –SO11 Number of grievances about impacts on Reported No such grievances society filed, addressed, and resolved filed. G4 - EN 16 Energy Indirect GHG emis-sions (Scope 2) 72-74 Reported through formal grievance mechanisms
G4 - EN 17 Other Indirect GHG emis-sions (Scope 3) 72-74 Reported Environment indicators G4 - EN 1 Materials by weight or volume 62,63, Reported G4 - EN 18 GHG emission intensity 72-74 Reported 64,65
G4 - EN 19 Reduction of GHG emission 72-74 Reported G4 - EN 2 Percentage of materials used that are 65 Reported recycled input materials G4 - EN 20 Emissions of ozone depleting substance Not (ODS) applicable G4 - EN 3 Energy Consumption within the organization 66-69 Reported
G4 - EN 21 NOx, SOx and other signifi-cant air emissions 71 Reported G4 - EN 4 Energy consumption outside the 66-69 Reported organization G4 - EN 22 Total Waste Discharge by quality and 76 Reported No wastewater destination from our G4 - EN 5 Energy Intensity 66-69 Reported operational facilities. G4 - EN 6 Reduction of energy consumption 66-69 Reported G4 - EN 23 Total Weight of Waste by Type and Disposal 76,77 Reported G4 - EN 7 Reduction of energy require-ments in 66-69 Not applicable Method products and services G4 - EN 24 Total Number and Volume of Significant Reported No such spills. G4 - EN 8 Total Water Withdrawal by Source 66-69 Reported Spills
G4 - EN 9 Water sources significantly affected by 70 Reported G4 - EN 25 Weight of transported, im-ported, exported, 76,77 Reported All our wastes are withdrawal of water or treated Hazardous Waste directed to the relevant waste G4 - EN 10 Percentage and total volume of water 70 Reported contractors or recycled and reused recycled.
G4 - EN 11 Operational sites owned/leased/managed/ 78,79 Reported No such protected G4 - EN 26 Identity, size, protected status, and Reported No water bodies or adjacent to, protected areas and high areas present close biodiversity value of water bodies and are affected by our biodiversity value outside protected areas to our operational related habitats significantly affected by the operations. sites. organization’s discharges of water and runoff
90 91 General standard disclosure Page Disclosure Comments General standard disclosure Page Disclosure Comments no level no level G4 - EN 27 Extent of impact mitigation of environmental 69 Reported G4- PR3 Type and percentage of products and Reported All our products impacts of products and services services that require information and are customized labelling to meet along G4 - EN 28 Percentage of products sold and their Reported As minimal with customer packaging materials that are reclaimed by packaging is requirements. category inolved in our operations, we do G4- PR4 Total number of incidents of non-compliance Reported No such incidents. not reclaim our for labelling packaging. G4- PR5 Results of survey measuring customer 75 Reported G4 - EN 29 Monetary value of significant fines and total Reported No such fines. satisfaction number of non-monetary sanctions for non- compliance with envi¬ronmental laws and G4 –PR6 Marketing Communications – Sale of Reported No such products. regulations banned/disputed products
G4 – EN 30 Environmental impacts of transporting 68,73 Reported G4 –PR7 Marketing Communications – Incidents Reported No such incidents. products and other goods and materials of non-compliance with regulations and for the organization’s operations, and voluntary codes incl. advertising, promotion, transporting members of the workforce sponsorship etc
G4 - EN 31 Total environmental protec-tion 80,81 Reported G4- PR8 Customer privacy – Total number of Reported No such expenditures and investments by type substantiated complaints regarding breaches complaints. of customer privacy and losses of customer G4 - EN 32 Percentage of new suppliers that were Reported Currently, there data screened using environmental criteria is no formal mechanism in G4- PR9 compliance – monetary value of significant Reported No such fines. place to screen fines our suppliers using environmental criteria, but we plan to put such a mechanism in place in the future.
G4 -EN 33 Significant actual and potential negative Reported No such negaitve environmental impacts in the supply chain impacts. and actions taken
G4- EN-34 Number of Grievances about environmental Reported No such grievances impacts filed, addressed and resolved filed. through formal grievance mechanisms
Product responsibility G4 –PR1 Percentage of significant products and Reported All our products are services assessed for health and safety assessed to ensure impacts high quality.
G4 –PR2 Total number of incidents of non-compliance Reported No such incidents. with regulations and voluntary codes concerning the health and safety impacts of products and services during their life cycle, by type of outcomes
92 93 MSPL Limited, Baldota Enclave, Abheraj Baldota Road, Hospet-583203, Karnataka, India. www.mspllimited.com