Page 90 - Annual Report 2019-20

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(2) Principle-wise [as per National Voluntary Guidelines (NVGs)] BR Policy/policies: (3) Governance related to BR
These Principles are as follows: Business Responsibility performance is reviewed, at-least annually, by the Board. The BR Report is part
Principle 1: Businesses should conduct and govern themselves with Ethics, Transparency and of Annual Report and is published annually. The Annual Report is available on the Company’s website PIDILITE ANNUAL REPORT 2019-20
Accountability (P1). www.pidilite.com.

Principle 2: Businesses should provide goods and services that are safe and contribute to sustainability (E] PRINCIPLE-WISE PERFORMANCE
throughout their life cycle (P2).
Principle 1: Businesses should conduct and govern themselves with ethics, transparency
Principle 3: Businesses should promote the wellbeing of all employees (P3). and accountability:
Principle 4: Businesses should respect the interests of, and be responsive towards all stakeholders, The Company is committed to adhere to the highest standards of ethical, moral and legal conduct of
especially those who are disadvantaged, vulnerable and marginalised (P4).
business operations both for internal and external stakeholders. The Company, in order to maintain these
Principle 5: Businesses should respect and promote human rights (P5). standards has adopted the ‘Code of Conduct’, which lays down the principles and standards that should
Principle 6: Businesses should respect, protect and make efforts to restore the environment (P6). govern the actions of the employees in the course of conduct of its business. Any actual or potential
violation of the Code, howsoever insignificant or perceived as such, would be a matter of serious concern
Principle 7: Businesses, when engaged in influencing public and regulatory policy, should do so in a for the Company. There is a Code for each of the Company’s subsidiaries in line with the local requirements
responsible manner (P7). prevailing in the country of operation.
Principle 8: Businesses should support inclusive growth and equitable development (P8). The Company has a ‘Whistle Blower policy’, which covers serious concerns that could have impact on the
Principle 9: Businesses should engage with and provide value to their customers and consumers in a operations and performance of the Company.
responsible manner (P9).
There were no complaints from shareholders pending at the beginning of the year. The Company received
(a) Details of compliance (Reply in Y/N) 9 complaints from shareholders during the year, which were resolved expeditiously. There were no pending
complaints at the end of the year.
Sr. Questions P P P P P P P P P
No. 1 2 3 4 5 6 7 8 9 Principle 2: Businesses should provide goods and services that are safe and contribute to sustainability
throughout their life cycle:
1. Do you have a policy/policies for ……. Y Y Y Y Y Y Y Y Y
The products developed and provided in market are safe for use and meet the standards as per applicable
2. Has the policy been formulated in consultation Yes
with the relevant stakeholders? statutory requirements. The products exported internationally are in compliance with applicable regulations
of the relevant countries.
3. Does the policy conform to any national/ Yes
international standards? If yes, specify? Some of the products offered by us contribute to sustainability such as: -
(50 words) Policies confirm to applicable Statutory Requirements as well
as OHSAS 18001 and ISO 14001 Standards. a. Waterproofing products which save structures from deterioration and improve the overall life of such
structures.
4. Has the policy been approved by the Board? Yes
b. We provide products for walls and roofs which improve thermal insulation and save energy.
If yes, has it been signed by MD/ owner/ CEO/ The policies have been signed by the Director - Operations of
appropriate Board Director? the Board of Director of the Company c. We provide high quality adhesives for making furniture, footwear, etc. which prolong the life of such
products.
5. Does the Company have a specified committee The implementation and adherence to the Code of
of the Board/ Director/ Official to oversee the Conduct for employees is overseen by the Human Resource d. We provide repair and maintenance products which allows such articles to be repaired and reused
implementation of the policy? Department. The Corporate Social Responsibility Policy is rather than being thrown away.
administered by the CSR Committee in line with requirements
of the Companies Act, 2013. The Director - Operations is In addition to the above, the Company has mechanisms in place to recycle the following wastes:
responsible for the implementation of Environment Health 1. Waste generated out of packaging plastic is recycled through authorized recyclers.
and Safety (EHS) policy/policies.
2. Ash generated from boilers is used for brick manufacture/ agricultural land.
6. Indicate the link for the policy to be Policies which are internal to the Company are available on
viewed online? the intranet of the Company. Other policies are available on 3. Most spent solvents are redistilled and recycled.
the website of the Company: www.pidilite.com
4. Hazardous waste is co-processed and used as a fuel in the cement industry, wherever permitted
7. Has the policy been formally communicated to Yes by regulations.
all relevant internal and external stakeholders? Yes 5. Through authorised recyclers of Multi Layered Plastic (MLP) packing material used for our products,
PIDILITE ANNUAL REPORT 2019-20 9. Does the Company have a grievance redressal Yes Principle 3: Businesses should promote the well-being of all employees:
8.
Does the Company have in-house structure to
we recycled back 71% of such MLP packing material.
implement the policy/ policies?
mechanism related to the policy/policies to
The Company is focused towards building progressive and best-in-class people policies on work life
address stakeholders’ grievances related to the
balance, career progression, development and employee engagement. The Company’s ‘Happy and Healthy’
policy/ policies?
(HAH) movement saw great participation with over 65% of the employees engaging in HAH activities.
Has the Company carried out independent audit/ An external firm was engaged to review the policies and
10.
As on 31 March 2020, the total number of permanent employees on the payroll of the Company
st
revised appropriately.
internal or external agency?
The permanent women employees were 339 and permanent employees with disabilities were 16. There is
88 evaluation of the working of this policy by an based on their recommendations the policies have been was 6,064 and the total number of employees hired on temporary /contractual/casual basis was 2,900.