Business Responsibility and Sustainability Report
SECTION A: GENERAL DISCLOSURES
- DETAILS
1 | Corporate Identity Number (CIN) of the Listed Entity | L17110DN1986PLC000334 |
2 | Name of the Listed Entity | Alok Industries Limited ("Alok/ the Company") |
3 | Year of incorporation | 12-03-1986 |
4 | Registered office address | Survey Nos. 17/5/1 & 521/1, Village Rakholi/ Saily, Silvassa - |
396230, Union Territory of Dadra & Nagar Haveli. | ||
5 | Corporate address | Peninsula Business Park, Tower B, 2nd & 3rd Floor, Ganpatrao |
Kadam Marg, Lower Parel, Mumbai - 400013 | ||
6 | investor.relations@alokind.com | |
7 | Telephone | 022 61787000 |
8 | Website | www.alokind.com |
9 | Financial year for which reporting is being done | 2022-23 |
10 | Name of the Stock Exchange(s) where shares are listed | BSE Limited, National Stock Exchange of India Limited |
11 | Paid-up Capital (in `) | 7,46,52,40,401 |
12 Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the BRSR report
Name of contact person | Mr. Hitesh Kanani, Company Secretary and Compliance Officer | |
Contact number of contact person | 022 61787000 | |
Email of contact person | investor.relations@alokind.com | |
13 | Reporting boundary - Are the disclosures under this report | Standalone basis |
made on a standalone basis (i.e. only for the entity) or on a | ||
consolidated basis (i.e. for the entity and all the entities which | ||
form a part of its consolidated financial statements, taken, | ||
together). |
- PRODUCTS/ SERVICES
14. Details of business activities (accounting for 90% of the entity's Turnover):
S. No. | Description of main activity | Description of business activity | % of turnover |
1 | Manufacturing | Textile, leather and other apparel products | 100 |
15. Products/ services sold by the entity (accounting for 90% of the entity's Turnover):
S. No. | niC Code | % of total Turnover contributed | |
1 | Apparel Fabric- Garments | 20081410 | 3 |
2 | Apparel Fabric- Knits Fabrics | 20081391 | 3 |
3 | Home Textiles | 20081392 | 12 |
4 | Home Textiles- Woven fabrics | 20081312 | 11 |
5 | Polyester Yarn and other Yarns | 20082030 | 71 |
100 | |||
- OPERATIONS
16. Number of locations where plants and/ or operations/ offices of the entity are situated:
Location | Number of plants | Number of offices | Total |
National | 16 | 4 | 20 |
International | 0 | 0 | 0 |
FINANCIAL REPORT STATUTORY REPORT CORPORATE OVERVIEW
NOTICE
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Business Responsibility and Sustainability Report
17. Markets served by the entity:
a. Number of locations
Location | Number |
National (No. of States) | 14 |
International (No. of Countries) | 63 |
- What is the contribution of exports as a percentage of the total turnover of the entity? 16.5 %
- A brief on types of customers
Retailers, Private Labels, Brands, Importers, Garment Exporters, Garment Convertors, Buying Houses, Agents.
IV. EMPLOYEES
18. Details as at the end of Financial year:
a. Employees and workers (including differently abled):
S. | Particulars | Total | Male | Female | Others | |||
No | (A) | |||||||
No. (B) | % (B/A) | No. (C) | % (C/A) | No. (H) | % (H/A) | |||
EMPLOYEES | ||||||||
1. | Permanent (D) | 3,263 | 3,102 | 95.07 | 161 | 4.93 | 0 | 0.00 |
2. | Other than Permanent (E) | 25 | 25 | 100.00 | 0 | 0.00 | 0 | 0.00 |
3. | Total employees (D + E) | 3,288 | 3,127 | 95.10 | 161 | 4.90 | 0 | 0.00 |
WORKERS | ||||||||
4. | Permanent (F) | 11,655 | 9,858 | 84.58 | 1,797 | 15.42 | 0 | 0.00 |
5. | Other than Permanent (G) | 7,667 | 5,283 | 68.91 | 2,384 | 31.09 | 0 | 0.00 |
6. | Total workers (F + G) | 19,322 | 15,141 | 78.36 | 4,181 | 21.64 | 0 | 0.00 |
- Total Employee includes permanent and contractual employees and Total Workers include permanent and contractual workers.
- Differently abled Employees and workers:
S. | Particulars | Total | Male | Female | Others | ||||||
No | (A) | ||||||||||
No. (B) | % (B/A) | No. (C) | % (C/A) | No. (H) | % (H/A) | ||||||
DIFFERENTLY ABLED EMPLOYEES | |||||||||||
1. | Permanent (D) | 2 | 2 | 100.00 | 0 | 0.00 | 0 | 0.00 | |||
2. | Other than Permanent (E) | 0 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | |||
3. | Total differently | abled | 2 | 2 | 100.00 | 0 | 0.00 | 0 | 0.00 | ||
employees (D + E) | |||||||||||
DIFFERENTLY ABLED WORKERS | |||||||||||
4. | Permanent (F) | 7 | 7 | 100.00 | 0 | 0.00 | 0 | 0.00 | |||
5. | Other than Permanent (G) | 0 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | |||
6. | Total differently | abled workers | 7 | 7 | 100.00 | 0 | 0.00 | 0 | 0.00 | ||
(F + G) |
2 | 36th Annual Report 2022-23 |
19. Participation/ Inclusion/ Representation of women
Total (A) | No. and percentage of Females | ||
No. (B) | % (B / A) | ||
Board of Directors | 7 | 1 | 14.29 |
Key Management Personnel | 3 | 0 | 0.00 |
20. Turnover rate for permanent employees and workers (Disclose trends for the past 3 years)
FY 2022-23 | FY 2021-22 | FY 2020-21 (Turnover rate in the year | ||||||||||
(Turnover rate in current FY) | (Turnover rate in previous FY) | prior to the previous FY) | ||||||||||
Male | Female | Others | Total | Male | Female | Others | Total | Male | Female | Others | Total | |
Permanent Employees | 23.37 | 14.91 | 0.00 | 22.95 | 35.51 | 37.74 | 0.00 | 35.56 | 15.47 | 10.95 | 0.00 | 15.27 |
Permanent Workers | 55.44 | 197.94 | 0.00 | 77.41 | 78.13 | 56.98 | 0.00 | 75.80 | 43.75 | 30.68 | 0.00 | 42.52 |
- HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES (INCLUDING JOINT VENTURES) 21. (a) Names of holding/ subsidiary/ associate companies/ joint ventures
S. | Name of the holding/ subsidiary/ associate | Indicate whether | % of shares held | Does the entity |
No. | companies/ joint ventures (A) | holding/ | by listed entity | indicated at column |
subsidiary/ | A, participate in the | |||
associate/ joint | Business Responsibility | |||
venture | initiatives of the listed | |||
entity? (Yes/No) | ||||
1 | Alok Infrastructure Limited | Subsidiary | 100 | No |
2 | Alok International Inc. | Subsidiary | 100 | No |
3 | Alok International (Middle East) FZE | Subsidiary | 100 | No |
4 | Alok Global Trading (Middle East) FZE (Business | Subsidiary | 100 | No |
license cancelled on 12th Sept, 2017) | ||||
5 | Alok Singapore PTE Limited | Subsidiary | 100 | No |
6 | Alok Worldwide Limited | Subsidiary | 100 | No |
7 | Alok Industries International Limited | Subsidiary | 100 | No |
8 | Grabal Alok International Limited | Subsidiary | 100 | No |
9 | Grabal Alok (UK) Limited (Under liquidation | Subsidiary | 100 | No |
effective 10th July, 2017) | ||||
10 | Mileta, a.s. | Subsidiary | 100 | No |
11 | New City of Bombay Manufacturing Mills Limited | Joint Venture | 49 | No |
12 | Aurangabad Textiles and Apparel Parks Limited | Joint Venture | 49 | No |
VI. CSR DETAILS 22. CSR Details
(i) | Whether CSR is applicable as per section 135 of Companies Act, 2013 | Yes |
(ii) | Turnover (in `) | 71,50,91,08,973 |
(iii) | Net worth (in `) | (1,64,50,04,63,428) |
FINANCIAL REPORT STATUTORY REPORT CORPORATE OVERVIEW
NOTICE
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Business Responsibility and Sustainability Report
VII. TRANSPARENCY AND DISCLOSURES COMPLIANCES
23. Complaints/ Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct ("NGRBC"):
Stakeholder | Grievance | if yes, then provide web-link for |
group from | Redressal | grievance redress policy |
whom | Mechanism | |
complaint is | in Place | |
received | (Yes/No) |
FY 2022-23 | FY 2021-22 | ||
Number of | Number of Remarks | Number of | Number of Remarks |
complaints | complaints | complaints | complaints |
filed during | pending | filed during | pending |
the year | resolution | the year | resolution |
at close of | at close of | ||
the year | the year |
Communities | Yes | Community members can send | 0 | 0 | - | 0 | 0 | - |
any concerns or grievances to the | ||||||||
Company's registered office or email | ||||||||
address, which will be addressed by | ||||||||
the Company in a just, fair and timely | ||||||||
manner. | ||||||||
The policy is available on our | ||||||||
Company's Website and can be | ||||||||
accessed through the link: https:// | ||||||||
www.alokind.com/Investor_Relations- | ||||||||
pdf/Policies/BRSR_Related_Policies/ | ||||||||
Alok-Grievance_Redressal_Policy.pdf. | ||||||||
Investors | No | There are no Investors (other than | 0 | 0 | - | 0 | 0 | - |
(other than | shareholders). | |||||||
shareholders) | ||||||||
Shareholders | Yes | The Company has a designated | 5 | 0 | - | 8 | 0 | - |
Email-ID:investor.relations@alokind. | ||||||||
com for shareholders to enable them | ||||||||
to raise their grievances. | ||||||||
Shareholder grievances are resolved | ||||||||
by the Company through its Share | ||||||||
Transfer Agent (Link Intime India | ||||||||
Private Limited). | ||||||||
The policy is available on our | ||||||||
Company's Website and can be | ||||||||
accessed through the link: https:// | ||||||||
www.alokind.com/Investor_Relations- | ||||||||
pdf/Policies/BRSR_Related_Policies/ | ||||||||
Alok-Grievance_Redressal_Policy.pdf | ||||||||
Employees | Yes | The Company has a well-defined | 0 | 0 | - | 0 | 0 | - |
and workers | vigilance framework which provides | |||||||
a platform to the employees and the | ||||||||
Directors to lodge their grievances/ | ||||||||
complaints. The Company's Vigil | ||||||||
Mechanism and Whistle-Blower Policy | ||||||||
is available at https://www.alokind. | ||||||||
com/Investor_Relations-pdf/Policies/ | ||||||||
Whistle_Blower_Policy.pdf | ||||||||
Customers | Yes | All concerns and grievances to be | 0 | 0 | - | 0 | 0 | - |
sent to the email id mailto: customer. | ||||||||
relations@alokind.com. The policy is | ||||||||
available on the Company's Website | ||||||||
and can be accessed through the link: | ||||||||
https://www.alokind.com/Investor_ | ||||||||
Relations-pdf/Policies/BRSR_Related_ |
Policies/Alok-Grievance_Redressal_
Policy.pdf
4 | 36th Annual Report 2022-23 |
Stakeholder | Grievance | if yes, then provide web-link for |
group from | Redressal | grievance redress policy |
whom | Mechanism | |
complaint is | in Place | |
received | (Yes/No) |
FY 2022-23 | FY 2021-22 | ||
Number of | Number of Remarks | Number of | Number of Remarks |
complaints | complaints | complaints | complaints |
filed during | pending | filed during | pending |
the year | resolution | the year | resolution |
at close of | at close of | ||
the year | the year |
CORPORATE OVERVIEW
Value Chain Yes | Channel partners can raise their | 0 | 0 | - | 0 | 0 | - |
Partners | grievances via call/ e-mail (vendor. | ||||||
relations@alokind.com)/ letter. |
The policy is available on our Company's Website and can be accessed through the link: https://www.alokind.com/Investor_ Relations-pdf/Policies/BRSR_Related_Policies/Alok-Grievance_Redressal_ Policy.pdf
24. Overview of the entity's material responsible business conduct issues
Please indicate material responsible business conduct and sustainability issues pertaining to environmental and social matters that present a risk or an opportunity to your business, rationale for identifying the same, approach to adapt or mitigate the risk along-with its financial implications, as per the following format:
S. | Material issue | Indicate | Rationale | for identifying the | risk | In case of risk, approach to adapt or | Financial implications | ||||||||||
No. | identified | whether | opportunity | mitigate | of the risk or | ||||||||||||
risk or | opportunity (Indicate | ||||||||||||||||
opportunity | positive or negative | ||||||||||||||||
(R/O) | implications) | ||||||||||||||||
1 | Climate | R | Climate change presents a significant | We | have | set | goals | to | reduce | Negative Implications | |||||||
Change | risk to any business as it can impact the | our emissions impact and have | |||||||||||||||
availability and cost of raw materials, | implemented | various | measures | to | |||||||||||||
supply | chain | disruptions, | and | reduce our emissions, such as energy | |||||||||||||
regulatory | compliance. Additionally, | efficiency | improvements, | renewable | |||||||||||||
business | activities contribute | to | energy | sourcing, | and | carbon | |||||||||||
greenhouse gas | emissions, which | offsetting. | We | are | also | working | |||||||||||
can exacerbate climate change. This | with our suppliers and customers to | ||||||||||||||||
can however be converted into an | reduce emissions across our value | ||||||||||||||||
opportunity if we are able to mitigate | chain. | ||||||||||||||||
the effects | of climate change and be a | ||||||||||||||||
first mover in this regard. | |||||||||||||||||
2 | Carbon | R | Increasingly, international buyers are | 1. | Conduct | a | carbon | footprint | Negative Implications | ||||||||
neutrality | insisting on supply of carbon neutral | assessment: | A carbon | footprint | |||||||||||||
products. This is due to enhanced | assessment can help businesses | ||||||||||||||||
global concern for health and | identify their major sources of | ||||||||||||||||
environment. Inability of vendors to | emissions and prioritize actions to | ||||||||||||||||
adapt to this scenario i.e. supply of | reduce them. | ||||||||||||||||
carbon neutral products can adversely | 2. | Set | carbon | reduction | targets: | ||||||||||||
impact business associations. | Setting ambitious and achievable | ||||||||||||||||
carbon | reduction | targets | can | ||||||||||||||
help businesses stay on track | |||||||||||||||||
and | measure progress | towards | |||||||||||||||
achieving carbon neutrality. | |||||||||||||||||
3. | Engage suppliers: Businesses can | ||||||||||||||||
engage their suppliers to ensure | |||||||||||||||||
that they are also taking steps | |||||||||||||||||
to reduce their carbon footprint | |||||||||||||||||
and support the journey towards | |||||||||||||||||
carbon neutrality. | |||||||||||||||||
4. | Invest | in | renewable | energy: | |||||||||||||
Investing | in | renewable | energy | ||||||||||||||
sources such as wind or solar | |||||||||||||||||
can help businesses reduce their | |||||||||||||||||
reliance on fossil fuels and reduce | |||||||||||||||||
their carbon emissions. |
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Business Responsibility and Sustainability Report
S. | Material issue | Indicate | Rationale | for identifying | the | risk | In case of risk, approach to adapt or | Financial implications | ||||||||||
No. | identified | whether | opportunity | mitigate | of the risk or | |||||||||||||
risk or | opportunity (Indicate | |||||||||||||||||
opportunity | positive or negative | |||||||||||||||||
(R/O) | implications) | |||||||||||||||||
3 | Community | R | Investing in community development | The Company runs a skill | Negative Implications | |||||||||||||
Development | initiatives can have positive social and | development center at its factories | ||||||||||||||||
- Social | economic impact on local communities. | where rural community is given | ||||||||||||||||
upliftment | This can lead to increased customer | preference for training on various | ||||||||||||||||
loyalty, | improved | brand | reputation, | trades of textiles with a stipend, | ||||||||||||||
and enhanced market opportunities | thereby | increasing | employability | |||||||||||||||
and hence benefit both the community | within the community. It also supports | |||||||||||||||||
and the business in the long run. It is a | various | local | community | events, | ||||||||||||||
risk if the organization fails to engage | sports, as also extends infrastructural | |||||||||||||||||
with the local community or fails to | benefits | and facilities. | ||||||||||||||||
address the community's needs; it can | ||||||||||||||||||
result in negative social and economic | ||||||||||||||||||
impact that can harm the business's | ||||||||||||||||||
reputation, | damage its | relationship | ||||||||||||||||
with the community, and even lead to | ||||||||||||||||||
regulatory action. | ||||||||||||||||||
4 | Women | R | Empowering | women | can | have | The Company adopts an inclusive | Negative Implications | ||||||||||
Empowerment | positive social and economic impact, | approach when it comes to hiring. | ||||||||||||||||
including poverty reduction, increased | Women employees constitute around | |||||||||||||||||
economic | growth, | and | improved | 19% of our work force currently based | ||||||||||||||
health and wellbeing, which can | on the nature of work. Our cut and | |||||||||||||||||
benefit | both | the | business | and the | sew operations have over 50% of | |||||||||||||
wider community. Gender equality and | total women employees as compared | |||||||||||||||||
women's | empowerment | can avoid | to total employees of the division. | |||||||||||||||
legal and regulatory risks, including | Our training centers at the plants | |||||||||||||||||
fines, | penalties, | and | reputational | engage in upskilling rural women | ||||||||||||||
damage. | and providing them with employment | |||||||||||||||||
opportunities | thereby | raising | the | |||||||||||||||
quality of their life as well as the | ||||||||||||||||||
community they dwell in. | ||||||||||||||||||
5 | Fair trade | R | Legal | and | Regulatory | Risks: | We are | committed | to | establishing | Negative Implications | |||||||
across supply | Businesses that engage in unethical | a fair and transparent | trade | with | ||||||||||||||
chain | practices such as forced labor or child | all our stakeholders including our | ||||||||||||||||
labor can face legal and regulatory | supply chain. We have developed | |||||||||||||||||
risks, such as fines, legal | action, | and | and implemented a | comprehensive | ||||||||||||||
damage to their reputation. | supply chain management policy that | |||||||||||||||||
Reputational | Risks: | Companies | that | includes | ethical sourcing | practices, | ||||||||||||
engage in unethical sourcing practices | transparent | supply | chains, | and | ||||||||||||||
can face reputational risks, which can | regular audits to ensure compliance. | |||||||||||||||||
impact their customer base, investor | We encourage small suppliers to | |||||||||||||||||
relations, and employee morale. | adopt fair trade practices by providing | |||||||||||||||||
incentives and support. We educate | ||||||||||||||||||
Supply Chain Disruptions: Companies | ||||||||||||||||||
employees, and stakeholders about | ||||||||||||||||||
that do not have transparent supply | the importance of fair trade practices | |||||||||||||||||
chains can experience disruptions to | and the company's commitment to | |||||||||||||||||
their supply chains, leading to delays, | ethical sourcing. We undertake formal | |||||||||||||||||
increased costs, and loss of business. | as well | as informal | audits/ visits to |
our supply chain partners offices to encourage them to comply with fair trade practices. Our trade practices require our suppliers to commit to our code of conduct on fair trade practices.
6 | 36th Annual Report 2022-23 |
SECTION B: MANAGEMENT AND PROCESS DISCLOSURES
THIS SECTION IS AIMED AT HELPING BUSINESSES DEMONSTRATE THE STRUCTURES, POLICIES AND PROCESSES PUT IN PLACE TOWARDS ADOPTING THE NGRBC PRINCIPLES AND CORE ELEMENTS.
P1 Businesses should conduct and govern themselves with integrity in a manner that is ethical, transparent and accountable P2 Businesses should provide goods and services in a manner that is sustainable and safe
P3 Businesses should respect and promote the well-being of all employees, including those in their value chains P4 Businesses should respect the interests of and be responsive towards all its stakeholders
P5 Businesses should respect and promote human rights
P6 Businesses should respect, protect and make efforts to restore the environment
P7 Businesses when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent
P8 Businesses should promote inclusive growth and equitable development
P9 Businesses should engage with and provide value to their consumers in a responsible manner
1.
Disclosure Question | a. Whether | your | entity's policy/ b. | Has the policy been approved by | |
policies | cover | each principle | the Board? (Yes/No) | ||
and its core elements of the | |||||
NGRBCs. (Yes/No) | |||||
Policy and management processes | |||||
P1 | Ethics & Transparency | Yes | Yes | ||
P2 | Product Responsibility | Yes | Yes | ||
P3 | Human Resources | Yes | Yes | ||
P4 | Responsiveness to Stakeholders | Yes | Yes | ||
P5 | Respect for Human Rights | Yes | Yes | ||
P6 | Responsible Lending | Yes | Yes | ||
P7 | Public Policy Advocacy | Yes | Yes | ||
P8 | Inclusive Growth | Yes | Yes | ||
P9 | Customer Engagement | Yes | Yes |
- Web Link of the Policies, if available
- Code of Business Conduct and ethics - https://www.alokind.com/Investor_Relations-pdf/Policies/Code_of_Conduct.pdf
- Corporate Social Responsibility Policy - https://www.alokind.com/Investor_Relations-pdf/Policies/CSR_Policy.pdf
- Code of Employees' Conduct - https://www.alokind.com/Investor_Relations-pdf/Policies/BRSR_Related_Policies/Alok-Code_of_ Employees_Conduct.pdf
- Health, Safety and Environment Policy - https://www.alokind.com/Investor_Relations-pdf/Policies/BRSR_Related_Policies/Alok- Health_Safet_and_Environment_Policy.pdf
- Whistle Blower Policy - https://www.alokind.com/Investor_Relations-pdf/Policies/Whistle_Blower_Policy.pdf
- Product Responsibility Policy - https://www.alokind.com/Investor_Relations-pdf/Policies/BRSR_Related_Policies/Alok_Product_ Responsibility_Policy.pdf
FINANCIAL REPORT STATUTORY REPORT CORPORATE OVERVIEW
NOTICE
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Business Responsibility and Sustainability Report
Disclosure Question | 2. Whether the | 3. Do the enlisted | 4. Name of the national and international | ||
entity has | policies extend | codes/ | certifications/ labels/ | standards | |
translated the | to your value | (e.g. | Forest Stewardship | Council, | |
policy into | chain partners? | Fairtrade, Rainforest Alliance, Trustea) | |||
procedures. | (yes/No) | standards (e.g. SA 8000, OHSAS, ISO, | |||
(yes / No) | BIS) adopted by your entity and mapped | ||||
to each principle. |
Policy and management processes
P1 | Ethics & Transparency | Yes | Yes |
P2 | Product Responsibility | Yes | Yes |
P3 | Human Resources | Yes | Yes |
P4 | Responsiveness to Stakeholders | Yes | Yes |
P5 | Respect for Human Rights | Yes | Yes |
P6 | Responsible Lending | Yes | Yes |
P7 | Public Policy Advocacy | Yes | Yes |
P8 | Inclusive Growth | Yes | Yes |
P9 | Customer Engagement | Yes | Yes |
TheCompanyhasframedpoliciesthatconform to different applicable statutes/ guidelines/ rules/ policies etc., issued by Government of India from time to time. Industry practices and national/ international standards such as BIS, OISD etc., as applicable, are widely adopted by the Company.
Disclosure Question | 5. Specific commitments, goals and | 6. Performance of the entity against |
targets set by the entity with defined | the specific commitments, goals and | |
timelines, if any. | targets along-with reasons in case | |
the same are not met. | ||
Policy and management processes |
P1 Ethics & Transparency
P2 Product Responsibility
P3 Human Resources
P4 Responsiveness to Stakeholders
P5 Respect for Human Rights
P6 Responsible Lending
P7 Public Policy Advocacy
P8 Inclusive Growth
P9 Customer Engagement
The Company is committed to build trust through choices and decisions by doing the right thing, acting diligently at all times and encouraging employees to report actual or suspected violations of applicable laws and regulations and the Code of Conduct.
Respect for human rights is the cornerstone of the Company's philosophy in which everyone feels included and gets equal opportunity to make a contribution.
The Company has set various commitments and goals. It has aligned its efforts to targets, community support and environment sustainability. It remains steadfast in its commitment to contribute towards achieving the goals.
Governance, leadership and oversight
7. Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements.
Health, Safety and Environment ("HSE") is fundamental to the conduct of the Company's business. The Company attaches highest priority to occupational health, safety and protection of environment in and around its operational areas and uphold the principles of Corporate Governance to ensure transparency, integrity and accountability in its functioning. The Company strongly believes that embedding Environmental, Social and Governance principles in its business operations is its essential responsibility. Adherence to these principles helps build resilience and transform culture to systematically manage risks and secure the interests of all the Company's stakeholders.
- Details of the highest authority responsible for implementation and oversight of the Business Responsibility policy (ies).
- Does the entity have a specified Committee of the Board/ Director responsible for decision making on sustainability related issues? (yes / No). If yes, provide details.
Yes
Name: Mr. Anil Kumar Rajbanshi
DIN: 03370674
Designation: Non-Executive Director
8 | 36th Annual Report 2022-23 |
10. Details of Review of NGRBCs by the Company:
Subject for Review | Indicate whether review was undertaken by Director/ Committee of the | ||||||||||
Board/ Any other Committee | |||||||||||
P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | |||
Performance against above policies and follow | Yes, the Board/ Committees of Board meet periodically to review the | ||||||||||
up action | performance against the above policies. | ||||||||||
Compliance with statutory requirements of | Yes, by the Board/ Committees of Board. | ||||||||||
relevance to the principles, and, rectification of | The Company complies with all applicable laws. | ||||||||||
any non-compliances | |||||||||||
Subject for Review | Frequency (Annually/ Half yearly/ Quarterly/ Any other - please specify) | ||||||||||
Performance against above policies and follow | |||||||||||
up action | Periodically | ||||||||||
Compliance with statutory requirements of | |||||||||||
relevance to the principles and rectification of | |||||||||||
any non-compliances | |||||||||||
11. Has the entity carried out independent | P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | ||
assessment/ evaluation of the working of its | Yes, by third party certification agencies like WRAP, SEDEX, BSCI etc. | ||||||||||
policies by an external agency? (yes/No). If yes, |
provide name of the agency.
12. If answer to question (1) above is "No" i.e. not all Principles are covered by a policy, reasons to be stated:
Question | P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | |
The entity does not consider the Principles | ||||||||||
material to its business (Yes/No) | Not Applicable | |||||||||
The entity is not at a stage where it is in a | ||||||||||
position to formulate and implement the policies | ||||||||||
on specified | principles (Yes/No) |
The entity does not have the financial or/ human and technical resources available for the task (Yes/No)
It is planned to be done in the next financial year (Yes/No)
Any other reason (please specify)
FINANCIAL REPORT STATUTORY REPORT CORPORATE OVERVIEW
NOTICE
36th Annual Report 2022-23 | 9 |
Business Responsibility and Sustainability Report
SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURE
PRINCIPLE 1
Businesses should conduct and govern themselves with integrity, and in a manner that is Ethical, Transparent and Accountable.
Essential Indicators
1. Percentage coverage by training and awareness programmes on any of the Principles during the financial year:
Segment | Total number | Topics/ principles covered under the training and its | % age of persons |
of training and | impact | in respective | |
awareness | category covered | ||
programmes | by the awareness | ||
held | programmes | ||
Board of Directors | 09 | Alok Industries Limited ('the Company') conducts | 100 |
familiarisation programmes for its Board of Directors at | |||
regular intervals which covers topics such as Corporate | |||
Governance Practices, update on Business operations, | |||
ESG, cybersecurity and various other regulatory updates. |
Key Managerial Personnel
Employees other than BoD and KMPs
09 1. Code of Conduct & Ethics - This training outlines the six values that form the foundation of the Code and helps employees understand the elements of vigil mechanism.
122 2. Anti-Bribery Management System ("ABMS") describes the concept of bribery, how it happens and how employees can recognise the red flags of bribery. Thus, it helps employees prevent and overcome bribery and also uphold the Code of Conduct. It also guides employees on ABMS reporting.
- Cybersecurity Awareness - This helps employees identify situations that may lead to breach of Cyber Security at the Company and how they can demonstrate correct behavior to protect the organisation from external threats.
- Creating a Respectful Workplace helps employees understand what constitutes sexual harassment at the workplace and the impact on the individual as well as the organisation thus preventing such instances. It guides employees on the mechanism for reporting sexual harassment.
100
86
Workers | 403 | Safety guidelines. | 71 |
2. Details of fines/ penalties/ punishment/ award/ compounding fees/ settlement amount paid in proceedings (by the entity or by directors/ KMPs) with regulators/ law enforcement agencies/ judicial institutions, in the financial year, in the following format (Note: the entity shall make disclosures on the basis of materiality as specified in Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and as disclosed on the entity's website):
Monetary
NGRBC | Name of the regulatory/ enforcement | Amount | Brief of | Has an appeal been |
Principle | agencies/ judicial institutions | (In `) | the Case | preferred? (yes/No) |
Penalty/ Fine | ||||
Settlement | Nil | |||
Compounding fee | ||||
Non-Monetary | ||||
NGRBC | Name of the regulatory/ enforcement | Brief of the Case | Has an appeal been | |
Principle | agencies/ judicial institutions | preferred? (yes/No) | ||
Imprisonment | Nil | |||
Punishment |
10 | 36th Annual Report 2022-23 |
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Alok Industries Limited published this content on 08 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2023 15:44:50 UTC.