Business Responsibility & Sustainability Report
BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT
SECTION A: GENERAL DISCLOSURE
I. Details of the Listed Entity
1 | Corporate Identity Number (CIN) of the | L74899DL1993GOI054155 |
Listed Entity | ||
2 | Name of the Listed Entity | Oil and Natural Gas Corporation Limited. |
3 | Year of incorporation | 1993 |
4 | Registered office address | Plot No. 5A-5B, Nelson Mandela Road, Deendayal Urja Bhawan, |
5 | Corporate address | Vasant Kunj, New Delhi-110070, India |
6 | secretariat@ongc.co.in | |
7 | Telephone | 011-26753055 |
8 | Website | http://www.ongcindia.com/ |
9 | Financial year for which reporting is | FY'23 |
being done | ||
10 | Name of the Stock Exchange(s) where | National Stock Exchange & BSE |
shares are listed | ||
11 | Paid-up Capital | ` 62,901.39 Million |
Contact Person | ||
12 | Name of the Person and Designation | Shri Pratap Choudhury, General Manager (Production) |
Telephone | +91 11 26753055 | |
Email address | chief_cmsg@ongc.co.in | |
Reporting Boundary | ||
13 | ||
Type of Reporting- Select from the | ONGC Standalone | |
Drop-Down List | ||
II. Product/Services |
Details of
14 business activities
Sl. No. | Description of | Description of Business Activity | % Turnover of |
Main Activity | the Entity | ||
1 | Exploration and | Crude Oil Production= 21.485 MMT | 47.29 |
2 | Natural Gas Production=21.351 BCM | 46.99 | |
Production | |||
3 | VAP Production=2.598 MMT | 5.72 | |
15 Products/Services sold by the entity
% of Total | |||
Sl. No. | Product/Service | NIC Code | Turnover |
contributed | |||
1 | Crude Oil Production | 061 | 63.14 |
2 | Natural Gas Production | 062 | 22.93 |
3 | Liquid Petroleum Gas | 192 | 3.40 |
4 | Other Products | - | 10.53 |
104 Integrated Annual Report 2022-23
III. Operations
Number of locations | Location | Number of plants | No. of Offices | Total | |||
where plants and/ | |||||||
National | |||||||
16 or operations/offices | Details of Assets, Basins, Plants and Institutes of the Company are | ||||||
of the entity are | International | mentioned at Para No. 19 of the Corporate Governance Report. | |||||
situated: | |||||||
Market served by the | Locations | ||||||
entity | |||||||
National (No. of | The Company is marketing its domestic products, mainly crude oil to the | ||||||
States) | Public Sector refiners - Indian Oil Corporation Limited, Bharat Petroleum | ||||||
Corporation Limited, Hindustan Petroleum Corporation Limited, Numaligarh | |||||||
Refinery Limited, Chennai Petroleum Corporation Limited and Mangalore | |||||||
Refinery and Petrochemicals Limited and the natural gas is mainly marketed | |||||||
through GAIL (India) Limited. However, part of the gas is also marketed | |||||||
directly by the Company. The Value-Added Products are marketed in bulk to | |||||||
a. | No. of Locations | International | the PSU Oil Marketing Companies (OMCs), ONGC Petro additions Limited | ||||
(OPaL) and the remaining to private companies. Naphtha is occasionally | |||||||
17 | (No. of | exported because of lesser demand from customers. | |||||
Countries) | ONGC Videsh has participation in 32 oil and gas projects in 15 countries | ||||||
either directly or through Wholly owned subsidiaries/ Joint Venture (JV) | |||||||
companies viz. Azerbaijan (2 projects), Bangladesh (2 projects), Brazil (2 | |||||||
projects), Colombia (4 projects), Mozambique (1 Project), Myanmar (6 | |||||||
projects), Russia (3 projects), South Sudan (2 projects), UAE (1 project), | |||||||
Venezuela (2 projects), and Vietnam (2 projects), Others (5 Projects). | |||||||
b. | What is the | ||||||
contribution | |||||||
of exports as | |||||||
a percentage | 4.08% | ||||||
of the total | |||||||
turnover of the | |||||||
entity? |
- A brief on types Company's significant revenues are derived from sales to Oil Marketing Companies (OMCs)
of customers and International Oil Companies (IOCs).
IV. Employees
18. Details as at the end of Financial Year:
Sl.
No.
Particulars
Total (A)
Male | Female | ||||
No. (B) | % (B/A) | No. (C) | % (C/A) | ||
- Employees (including differently abled)
1 | Permanent Employees | 25,993 | 23,961 | 92.18 | 2,032 |
2 | Other than Permanent Employees | 536 | 524 | 97.76 | 12 |
3 | Total Employees | 26,529 | 24,485 | 92.30 | 2,044 |
- Differently abled employees
7.82
2.24
7.70
4 | Permanent Employees | 467 | 400 | 85.65 | 67 | 14.34 |
5 | Total Employees | 467 | 400 | 85.65 | 67 | 14.34 |
Business Responsibility & Sustainability Report 105
19. Participation/Inclusion/Representation of women
Sl. No. | Category | Total (A) | No. and % of females | |||||||||||||
No. (B) | % (B/A) | |||||||||||||||
1 | Board of Directors- Whole-time Directors | 5 | 2 | 40.00 | ||||||||||||
2 | Board of Directors- Non-Executive Directors | 7 | 1 | 14.30 | ||||||||||||
3 | Key Management Personnel- Company | 1 | 0 | 0.00 | ||||||||||||
Secretary | ||||||||||||||||
20. Turnover rate for permanent employees and Workers | ||||||||||||||||
Category | FY'23 | FY'22 | FY' 21 | |||||||||||||
Male | Female | Total | Male | Female | Total | Male | Female | Total | ||||||||
Separated Employees | 1,726 | 108 | 1,834 | 1,907 | 128 | 2,035 | 1,972 | 127 | 2,099 | |||||||
Permanent Employees | 25,015 | 2,035 | 27,050 | 26,249 | 2,113 | 28,362 | 27,768 | 2,201 | 29,969 | |||||||
as on 01st April | ||||||||||||||||
Turnover Rate (in %) | 6.9 | 5.3 | 6.8 | 7.3 | 6.1 | 7.2 | 7.1 | 5.8 | 7.0 |
V. Holding, Subsidiary, and Associate Companies (including joint ventures)
21 a). Names of holding / subsidiary / associate companies / joint ventures
Complete details of holding / subsidiary / associate companies / joint ventures is at Note No. 4 of Consolidated Financial Statement.
VI. CSR Details
22 | a. Whether CSR is applicable as per section 135 of Companies Act, 2013: | Yes |
Turnover of ONGC - FY'23 | `1,555,173 Million | |
Net worth of ONGC - As on 31st March, 2023 | `2,578,458 Million | |
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
FY'23 | FY'22 | |||||
Stakeholder | Grievance | If Yes, then | Number of | Number of | Number of | Number of |
group from | Redressal | provide web- | complaints filed | complaints | complaints filed | complaints |
whom the | Mechanism | link for the | during the year | pending | during the year | pending |
complaint is | in Place | grievance | FY'23 | resolution at | FY'22 | resolution at the |
received | (Yes/No) | redress policy | the close of the | close of the year | ||
year FY'23 | FY'22 | |||||
https:// | Public | Closed: 104 | Public | Closed: 07 | ||
Communities | Yes | grievance. | Opening: 16 | Opening: 1 | ||
ongc.co.in | Received: 119 | Pending: 31 | Received: 22 | Pending: 16 | ||
https:// | ||||||
ongcindia. | ||||||
Investors | Yes | com/web/eng/ | Details provided at Para No. 3.5.5 of Corporate Governance Report | |||
investors/ | ||||||
investor- | ||||||
contact |
106 Integrated Annual Report 2022-23
FY'23 | FY'22 | |||||||||||||||||||||||
Stakeholder | Grievance | If Yes, then | Number of | Number of | Number of | Number of | ||||||||||||||||||
group from | Redressal | provide web- | complaints filed | complaints | complaints filed | complaints | ||||||||||||||||||
whom the | Mechanism | link for the | during the year | pending | during the year | pending | ||||||||||||||||||
complaint is | in Place | grievance | FY'23 | resolution at | FY'22 | resolution at the | ||||||||||||||||||
received | (Yes/No) | redress policy | the close of the | close of the year | ||||||||||||||||||||
year FY'23 | FY'22 | |||||||||||||||||||||||
Employees and | https:// | Employees | Closed: 29 | Employees | Closed: 1 | |||||||||||||||||||
Yes | grievance. | Opening: 16 | Opening: 0 | |||||||||||||||||||||
workers | ongc.co.in | Received: 21 | Pending: 8 | Received: 17 | Pending: 16 | |||||||||||||||||||
Customers | Closed: 41 | Customers | Closed: 48 | |||||||||||||||||||||
Customers | Yes | - | Opening: 0 | Opening:02 | ||||||||||||||||||||
Pending: 4 | Pending: 0 | |||||||||||||||||||||||
Received: 45 | Received: 48 | |||||||||||||||||||||||
Value Chain | https:// | Vendor | Closed: 46 | Vendor | Closed: 0 | |||||||||||||||||||
Yes | grievance. | Opening: 38 | Opening: 33 | |||||||||||||||||||||
Partners | Pending: 5 | Pending: 38 | ||||||||||||||||||||||
ongc.co.in | Received: 13 | Received: 5 | ||||||||||||||||||||||
Other (ex- | https:// | Ex-employees | Closed: 53 | Ex-employees | Closed: 9 | |||||||||||||||||||
Yes | grievance. | Opening: 42 | Opening: 1 | |||||||||||||||||||||
employee) | Pending: 14 | Pending: 42 | ||||||||||||||||||||||
ongc.co.in | Received: 25 | Received: 50 | ||||||||||||||||||||||
24. Overview of the entity's material responsible business conduct issues | ||||||||||||||||||||||||
Material Issue | Indicate | The rationale for identifying | In case of risk, approach to adapt | Financial | ||||||||||||||||||||
Identified | whether risk | the risk/opportunity | or mitigate | implications | ||||||||||||||||||||
or opportunity | of the risk or | |||||||||||||||||||||||
opportunity | ||||||||||||||||||||||||
(Indicate | ||||||||||||||||||||||||
positive or | ||||||||||||||||||||||||
negative | ||||||||||||||||||||||||
implications) | ||||||||||||||||||||||||
Climate | Risk/ | Climate | change | is | the | most | 1. | ONGC | has | been | preparing | Negative | ||||||||||||
Change | Opportunity | important strategic issue faced | strategy | to | address | climate | ||||||||||||||||||
and Energy | by | the | oil | and | gas | industry | change through the transition to | |||||||||||||||||
Transition | in | recent | years. | The | risks | renewable energy and roadmap | ||||||||||||||||||
associated with climate change | to achieve Net Zero status for | |||||||||||||||||||||||
require | a | coordinated | global | Scope-1 and Scope-2 emission | ||||||||||||||||||||
effort | to reduce | greenhouse | by 2038. | |||||||||||||||||||||
gas | emissions, | transition | to | 2. ONGC has been investing in R&D | ||||||||||||||||||||
renewable | energy | sources, | ||||||||||||||||||||||
and | implement | measures | for innovation and technology. | |||||||||||||||||||||
to adapt to the changing | 3. | Collaboration | with | global | ||||||||||||||||||||
climate. | Given | this | threat, | and domestic experts, and | ||||||||||||||||||||
governments are | increasingly | |||||||||||||||||||||||
industries. | ||||||||||||||||||||||||
enacting | policies | to | mitigate | |||||||||||||||||||||
greenhouse | gas | emissions, | 4. | ONGC's | decarbonization | |||||||||||||||||||
and investors in companies are | strategy is under preparation. | |||||||||||||||||||||||
putting | increasing | pressure | on | |||||||||||||||||||||
management to show how they | ||||||||||||||||||||||||
will navigate an energy system | ||||||||||||||||||||||||
in transition. | ||||||||||||||||||||||||
Business Responsibility & Sustainability Report | 107 |
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ONGC - Oil & Natural Gas Corporation Limited published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 08:49:03 UTC.