Hindustan Copper : Business Responsibility Report 2020-21

Business Responsibility Report

Section A: General Information about the Company

1. Corporate Identity Number (CIN) of the Company: L27201WB1967GOI028825
2. Name of the Company: Hindustan Copper Limited
3. Registered Address:
   "Tamra Bhavan"
   1 Ashutosh Chowdhury Avenue Kolkata 700019
   Tel. No.: 033-2283 2226/2529
   Fax no.: 033-2283 2478/2640
4. Website: www.hindustancopper.com
5. E-mail:[e-mail]
6. Financial Year Period: 2020-2021
7. Sector(s) that company is engaged in (industrial activity code-wise):

Industrial Group	Description
07291	Mining of copper ore
24201	Manufacture of Copper from ore and other copper products and alloys
24320	Casting of non-ferrous metals

As per National Industrial Classification - Ministry of Statistics and Programme Implementation

1. List three key products/services that the Company manufactures/ provides (as in balance sheet): Hindustan Copper Limited (HCL) is the only vertically integrated copper mining company in India having its own captive mines. Following are the key products manufactured by the Company:
2. • Metal in Concentrate
   • Refined Copper Cathode
   • Continuous Cast Copper Rod
3. Total number of locations where business activity is undertaken by the Company:

a)	Number of International locations	:	None
b)	Number of National locations	:	9

Offices

Corporate and Eastern Regional Sales Office, Kolkata

Western Regional Sales Office, Mumbai

Southern Regional Sales Office, Bangalore

Northern Regional Sales Office, Delhi

Plants

Khetri Copper Complex (KCC), Khetrinagar, Rajasthan

Indian Copper Complex (ICC), Ghatsila, Jharkhand

Malanjkhand Copper Project (MCP), Malanjkhand, Madhya Pradesh

Taloja Copper Project (TCP), Taloja, Maharashtra

Gujarat Copper Project (GCP), Gujarat

10. Markets served by the Company (Local / State / National / International): National/ International

Section B: Financial Details of the Company

1. Paid up Capital: Rs. 462.61 crore
2. Total Turnover: Rs. 1,760.84 crore
3. Total Profit/(Loss) after taxes from continuing & discontinuing operations: Rs. 109.98 crore
4. Total spending on Corporate Social Responsibility (CSR) as percentage of profit after tax (%): 0.7%
5. List of activities in which expenditure in 4 above has been incurred:
6. 1. Drinking Water, Health, Nutrition and Sanitation
   2. Education, Vocational Skills and Livelihood
   3. Environment
   4. Promotion of sports in rural areas

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Section C: Other Details

1. Does the Company have any Subsidiary Company / Companies? Yes
2. Do the Subsidiary Company / Companies participate in the BR Initiatives of the parent Company? If yes, then indicate the number of such subsidiary company(s).
   Subsidiary Company namely, Chhattisgarh Copper Ltd was incorporated on 21.5.2018. At present it is not contributing to the BR initiative.
3. Do any other entity / entities (e.g. suppliers, distributors etc.) that the Company does business with; participate in the BR initiatives of the Company? If yes, then indicate the percentage of such entity / entities? [Less than 30%, 30-60%, More than 60%]
   Yes, currently less than 30%.

Section D: BR Information

1. Details of Director / Directors responsible for BR:

a) Details of the Director / Directors responsible for implementation of the BR policy / policies:

DIN	08173882
Name	Sukhen Kumar Bandyopadhyay
Designation	Director (Finance)
Phone	033-2282 0702
Mail Id	[e-mail]
b) Detail of the BR head
DIN		03324672
Name		Arun Kumar Shukla
Designation		Chairman and Managing Director
Phone		033-2283 2725
Mail Id		[e-mail]

2. Principle-wise (as per NVGs) BR Policy / policies (Reply in Y / N)

The National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs) released by the Ministry of Corporate Affairs has adopted nine areas of Business Responsibility. These briefly are as under:

P1 - Businesses should conduct and govern themselves with Ethics, Transparency and Accountability.

P2 -Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle.

P3 - Businesses should promote the well-being of all employees.

P4 - Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalized.

P5 - Businesses should respect and promote human rights.

P6 - Businesses should respect, protect, and make efforts to restore the environment.

P7 - Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner.

P8 - Businesses should support inclusive growth and equitable development.

P9 - Businesses should engage with and provide value to their customers and consumers in a responsible manner.

2 (a) Details of compliance (Reply in Y/N)

2

Sr.

Business Ethics

Product Responsibility

ofWelfare Employees

Stakeholder Engagement

RightsHuman

Environment

PolicyPublic

CSR

toValue customers

No.

Questions

P1

P2

P3

P4

P5

P6

P7

P8

P9

1

Do you have a policy / policies for...

Y*

Y*

Y*

Y*

Y*

Y*

Y*

Y*

Y*

Has

the

policy

been formulated

in

Y

Y

Y

Y

Y

Y

Y

Y

Y

2

consultation

with

the

relevant

stakeholders?

3

Does the policy conform to any national /

Y

Y

Y

Y

Y

Y

N

Y

N

international standards? If yes, specify?

Has the policy being approved by the

Y

N

Y

N

Y

Y

N

Y

N

4

Board? If

yes,

has it

been signed

by

MD/owner/CEO/appropriate

Board

Director?

Does the company have a specified

Y

N

Y

N

N

N

N

Y

N

5

committee of the Board/ Director/Official

to oversee the implementation of the

policy?

6

Indicate the link

for

the policy to

be

Y**

Y**

Y**

N

N

N

N

Y**

Y**

viewed online?

Has

the

policy

been

formally

Communicated to key stakeholders of HCL. The communication

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communicated to all relevant internal and

is an on-going process to cover all internal and external

external stakeholders?

stakeholders.

Does

the

Company

have

in-house

Y

Y

Y

Y

Y

Y

Y

Y

Y

8

structure

to

implement

the

policy/policies?

Does the Company have a grievance

Y

Y

Y

Y

Y

Y

N

Y

Y

9

redressal

mechanism

related

to

the

policy/policies

to

address stakeholders'

grievances related to the policy/policies?

Has the Company carried out independent

N

N

N

N

N

Y

N

N

N

10

audit/evaluation of the working of this

policy by an internal or external agency?

*The

Company follows DPE, other applicable

Government

guidelines/ laws and the policies approved by the

Board.

**Company's Website: www.hindustancopper.com

2 (b). If answer to Sr. No 1 against any principle, is 'No', please explain why: (Tick up to 2 options)

Sr.	Questions	Business Ethics	Product Responsibility			Human Rights
No.		Welfare of Employees	Stakeholder Engagement	Environment	Public Policy		Value to customers
		CSR
		P1	P2	P3	P4	P5	P6	P7	P8	P9
1	The Company has not understood the
	Principles
2	The Company is not at a stage where it
	finds itself in a position to formulate
	and implement the policies on specified
	principles				Not Applicable
3	The Company does not have financial or
	manpower resources available for the
	task
										3

1. It is planned to be done within next 6 months
2. It is planned to be done within the next 1 year
3. Any other reason (please specify)

3. Governance related to BR:

• Indicate the frequency with which the Board of Directors, Committee of the Board or CEO assess the BR performance of the Company. Within 3 months, 3-6 months, Annually, More than 1 year.
  The BR performance of the Company is assessed on a need basis and in accordance with statutory requirements.
• Does the Company publish a BR or a Sustainability Report? What is the hyperlink for viewing this report? How frequently it is published?
  The Company publishes annually its BR report as per SEBI guidelines and it can be viewed at the Company's website www.hindustancopper.com.

Section E: Section Wise Performance

Principle 1: Ethics, Transparency and Accountability

Businesses should conduct and govern themselves with Ethics, Transparency and Accountability

1. Does the policy relating to ethics, bribery and corruption cover only the Company?
   No. The Company is making continuous efforts in improving the systems and procedures so that they are transparent and in conformity with the extant rules & procedures, thereby ensuring that the working atmosphere and Company's dealings / transactions with other entities are relatively free from corruption. The Company has developed its Code of Ethics and Whistle Blower Policy which pertain to ethics, bribery and corruption. Its Code of Business Ethics governs the manner in which the Company carries out its activities and interacts with its stakeholders.
2. Does it extend to the Group / Joint Ventures / Suppliers / Contractors / NGOs / Others?
   Yes. It extends to the Suppliers, Contractors, Business Partners and all other associated entities. The Company is a signatory of 'Integrity Pact' with Transparency International India wherein the Integrity Pact is signed between the bidders and the Company for all job contracts valuing Rs.10 crore and above and for all purchase valuing Rs.20 crore and above.
3. How many stakeholder complaints have been received in the past financial year and what percentage was satisfactorily resolved by the management? If so, provide details thereof, in about 50 words or so.
4. 1. Investor Grievances: During 2020-21 the Company received and resolved one complaint and there was no complaint pending as on 31.3.2021.
   2. Public Grievances: At the start of FY 2020-21, there were 6 cases pending and 112 cases received in the Centralized Public Grievance Redress and Monitoring System (CPGRAMS) portal during the year. Of the total 118 cases, 115 cases were resolved during the year and 3 cases were pending as on 31.3.2021.
   3. Customer Grievance: No customer grievance was received and resolved during the year 2020-21 and there was no outstanding grievance as on 31.3.2021.
   4. Stakeholder grievances pertaining to any other issue are forwarded to the respective department for redressal.

The stakeholders may address their complaints via platforms given below:

Employees	•	Grievance Redressal System
	•	Whistle Blower Policy
Trade Unions	Bipartite Forum at Unit/National level for the Company
Shareholders	At dedicated email id-	[e-mail]
Consumers/Customers	Grievance Redressal through Marketing Department
Public in General	Public Grievance System of the Ministry.
	CPGRAMS developed	and monitored by Department of
			4

Administrative Reforms and Public Grievances for online receipt and disposal of public grievances

Principle 2: Products contributing to sustainability

Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle.

1. List up to 3 of your products or services whose design has incorporated social or environmental concerns, risks and / or opportunities.
   The Company operates and manufactures its products [e.g. Metal in concentrate, refined copper cathode, continuous cast wire rods] in such a manner as to protect the environment, interests of employees and general public.
2. For each such product, provide the following details in respect of resource use (energy, water, raw material etc.) per unit of product (optional):
3. 1. Reduction during sourcing / production / distribution achieved since the previous year throughout the value chain
   2. Reduction during usage by consumers (energy, water) has been achieved since the previous year

The Company is committed to increase levels of recovery and recycling, as well as making investments in environment friendly technology/process to reduce energy intensity, toxicity and waste.

Energy Conservation: Energy consumption is constantly monitored at the mines, plants and townships with a view to achieve overall reduction. In place of conventional lights, LED lights are installed in all five units to save energy and environment. Total 2.72 lakhs units of electricity has been saved in FY 2020-21 by these LED lights.

Water use efficiency: Reclamation and re-use of used water in order to ensure water conservation is a common practice for all HCL mines and plants. Used water is treated in effluent treatment plants before reuse. The processes are also reviewed and modified regularly with an objective of reducing requirement of water. Treated effluent water is used in horticultural purposes. The company's flagship project, MCP, has constructed Tamra-Jheel with approx. storage quantity of water: 40,000-45,000 cum, at HCL/MCP Colony which is acting as a rainwater harvesting structure. At MCP, Roof top Rainwater harvesting system (Approximate area = 2846 m2) is under implementation, expected to complete by May 2021. In FY 2020-21 the project has recycled waste water about 51% of total process water requirement.

1. Does the Company have procedures in place for sustainable sourcing (including transportation)? If yes, what percentage of your inputs was sourced sustainably? Also, provide details thereof, in about 50 words or so.
   Sustainable sourcing: Before registering / approving any party, the Company scrutinizes carefully relevant documents to verify compliances of all pre-set norms including the environmental norms by the party. In case of major items, Company Officials visits their premises to evaluate all their capabilities including the environmental and social issues.
   Logistics improvements: The Company continued to follow multi-modal transportation which is not only efficient & cost effective, but also environmental-friendly. Further, improvements over the years through sealing of containers has successfully reduced the amount of dust emitted thus reducing the pollution level as well as wastage. Recently, HCL has started movement of concentrate from respective units in EXIM Containers for export sale purpose, which minimize the transit losses.
2. Has the Company taken any steps to procure goods and services from local and small producers, including communities surrounding their place of work? If yes, what steps have been taken to improve the capacity and capability of local and small vendors?
   Yes, the Company procures products and services from local producers and communities surrounding its operations.

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