Transforming TOMORROW, TODAY. Sustainability Report 2008-09 GRI CHECKED A+ 1 Transforming Tomorrow, Today 01 2 CMD’s Message 04 3 Company Profile 09 4 Report Scope 10 5 Our Vision, Mission and Values 12 6 Our Sustainability Strategy & Roadmap 14 7 Corporate Governance 18 8 Management Systems 20 Sustainability Report 9 Disclosure on Management Approach 21 2008-09 10 Communication and Engagement 22 11 Lessons Learnt 24 Registered Office 12 Performance on Commitments 25 3rd Floor, Maker Chambers IV, 222, Nariman Point, 13 Awards and Recognitions 26 Mumbai 400 021, India. 14 Performance Review 28 Tel.: +91-22-2278 5000 Fax: +91-22-2278 5185 lEconomic Performance 32 http://www.ril.com lEnergy Security 34 lGrowth Through Innovation 37 lHealth and Safety 39 lEnvironment 41 lProduct Responsibility 44 lSocial Institution Building 46 15 Assurance Statement 56 16 Content Index – GRI, API / IPIECA, UNGC & WBCSD 58 17 GRI’s Application Level 69 18 Glossary 70 Dhirubhai H. Ambani Founder Chairman Transforming Tomorrow, TODAY. We are today committed to promote energy efficiency as much We have a long and strong tradition of supporting the larger as controlling Green House Gases (GHG) and continue to communities that we connect with – from education, health, initiate a number of Clean Development Mechanism (CDM) drinking water, large-scale development of employable skills, to projects. assistance during natural calamities such as earthquakes and cyclones. Our new refinery, one of the most complex in the world, has the capability of producing ultra low sulphur and environment- We strongly believe that we can, and should, do much more. friendly auto fuels. This effort will bring into play RIL’s strengths of strategic planning, meticulous detailing and flawless execution on a large Our exploration & production of oil & gas business enables format. energy security for India and, more importantly, promote gas as a green fuel. With these perspectives, RIL Chairman & Managing Director, Shri Mukesh D. Ambani announced the launch of ‘The India’s economic growth demands huge energy and the Reliance Foundation’. imperative is to secure energy sources for tomorrow, today. We envisage The Reliance Foundation to become one of the It is our ambition to transform the lives of millions of Indians, foremost professional philanthropic organisations in the world. tilt the energy balance in India’s favour and, above all, increase the share of gas as a green fuel. It is our deep desire to bring cheer into the lives of millions of Indians. We are also looking at alternate energy – solar energy in particular. The best of India is yet to come. We are convinced that solar energy can transform rural lives in And, the best of Reliance is yet to come. India, where electricity is a luxury. And yes, we are in a hurry. After all we are Transforming Tomorrow, Today. Panoramic view of the new 580,000 Barrels Per Stream Day (BPSD) Refinery at the Jamnagar SEZ. 11 We are today committed to promote energy efficiency as much We have a long and strong tradition of supporting the larger as controlling Green House Gases (GHG) and continue to communities that we connect with – from education, health, initiate a number of Clean Development Mechanism (CDM) drinking water, large-scale development of employable skills, to projects. assistance during natural calamities such as earthquakes and cyclones. Our new refinery, one of the most complex in the world, has the capability of producing ultra low sulphur and environment- We strongly believe that we can, and should, do much more. friendly auto fuels. This effort will bring into play RIL’s strengths of strategic planning, meticulous detailing and flawless execution on a large Our exploration & production of oil & gas business enables format. energy security for India and, more importantly, promote gas as a green fuel. With these perspectives, RIL Chairman & Managing Director, Shri Mukesh D. Ambani announced the launch of ‘The India’s economic growth demands huge energy and the Reliance Foundation’. imperative is to secure energy sources for tomorrow, today. We envisage The Reliance Foundation to become one of the It is our ambition to transform the lives of millions of Indians, foremost professional philanthropic organisations in the world. tilt the energy balance in India’s favour and, above all, increase the share of gas as a green fuel. It is our deep desire to bring cheer into the lives of millions of Indians. We are also looking at alternate energy – solar energy in particular. The best of India is yet to come. We are convinced that solar energy can transform rural lives in And, the best of Reliance is yet to come. India, where electricity is a luxury. And yes, we are in a hurry. After all we are Transforming Tomorrow, Today. Panoramic view of the new 580,000 Barrels Per Stream Day (BPSD) Refinery at the Jamnagar SEZ. 11 Further, with the successful commissioning of Improving safety performance remains a top have implemented innovative career I strongly believe that we can, and should do, KG-D6 oil and gas fields we became one of the priority. We continue to devote considerable management programmes for high-potential much more. I also believe that this effort has to world’s largest deepwater oil and gas time, resources and efforts to re-emphasise leaders, through multi-facetted careers and operators, doubling India’s indigenous gas safety as a core value in all our employees and world-class training programmes. Our efforts production. The emergence of this reliable, strengthen the safety management systems. are aimed at attracting and retaining top talent to realise our strategy milestones and we eco-friendly energy source will enable India to Our sustainability strategy sets out the overall continue to be one of the Top10 employers of take giant strides towards ensuring its energy direction for us, to grow and manage our choice in India. security and fuelling growth in core sectors. businesses in order to deliver value to our stakeholders. It emphasises the importance of Our growth story is intricately tied to India's With improved hydrocarbon availability, we partnership with our stakeholders, trans- social and economic development. Despite will enhance millions of lives through easy parency and mutual value creation, which several decades of impressive development, availability of cooking gas for households, form the basis of the culture we foster India has many infirmities and challenges in electricity for the common man and meet throughout the group. human development. Inclusive and growing transportation needs in an eco- sustainable development is a sacred obligation friendly manner. Innovation is the key for our growth and we for every institution in the country. For the aspire to be the most innovative and globally While ensuring clean energy, we continued business community, it is more than an connected organisation in our sector. our efforts to understand better and manage obligation – it is recognition of our Research & Development and technology our own impacts on environment. The focus enlightened self-interest. development are integral to our innovation of our work on environmental issues primarily agenda and we are continuously engaged in We have a long and strong tradition of addressed the risks and opportunities emerging technologies such as fuel-cells, solar supporting the larger communities that we associated with energy and climate change, energy, bio-fuels and gasification. connect with – from education, health, management of waste and product drinking water, large-scale development of responsibility. We have taken progressive It is our people who drive the innovation employable skills, to assistance during natural stand in climate change with a particular focus agenda and our responsibility is to offer them calamities such as earthquakes and cyclones. on improving energy efficiency and reducing a challenging, rewarding and exciting work continuous flaring of gas. environment and career opportunities. We Our sustainability strategy sets out the overall direction for us, to grow and manage our businesses in order to deliver value to our stakeholders. Mukesh D. Ambani It emphasises the importance of partnership with our stakeholders, Chairman & Managing Director transparency and mutual value creation which form the basis for the January 22, 2010 culture we foster throughout the group. 06 Sustainability Report 2008-09 Reliance Industries Limited 07 Further, with the successful commissioning of Improving safety performance remains a top have implemented innovative career I strongly believe that we can, and should do, KG-D6 oil and gas fields we became one of the priority. We continue to devote considerable management programmes for high-potential much more. I also believe that this effort has to world’s largest deepwater oil and gas time, resources and efforts to re-emphasise leaders, through multi-facetted careers and bring into play RIL’s strengths of strategic operators, doubling India’s indigenous gas safety as a core value in all our employees and world-class training programmes. Our efforts planning, meticulous detailing and flawless production. The emergence of this reliable, strengthen the safety management systems. are aimed at attracting and retaining top talent execution on a large format. With these to realise our strategy milestones and we perspectives, we launched ‘The Reliance eco-friendly energy source will enable India to Our sustainability strategy sets out the overall continue to be one of the Top10 employers of Foundation’. take giant strides towards ensuring its energy direction for us, to grow and manage our choice in India. security and fuelling growth in core sectors. businesses in order to deliver value to our The foundation would be endowed with an stakeholders. It emphasises the importance of Our growth story is intricately tied to India's initial contribution of Rs. 5 billion from RIL With improved hydrocarbon availability, we partnership with our stakeholders, trans- social and economic development.