Hindalco Archives - SustainCase - Sustainability Magazine Insights on how you can protect the environment, maintain and increase the value of your company, through a structured CSR/Sustainability process with the use of the GRI Standards. Learn how Today's Best-Run Companies are achieving Economic, Social, and Environmental Success - and How You Can Too... Mon, 06 Mar 2023 10:38:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Case study: How Hindalco creates economic value for its stakeholders https://sustaincase.com/case-study-how-hindalco-creates-economic-value-for-its-stakeholders/ Wed, 25 May 2022 06:08:10 +0000 https://ccprowebs.com/new-sustaincase.com/?p=13668 Hindalco Industries Limited, a flagship company of the Aditya Birla Group (ABG), is an industry leader in the aluminium and copper business, with a global footprint that spans 50 units in 11 countries. This case study is based on the 2019-20 Sustainability Report by Hindalco, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. Abstract Hindalco believes in […]

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]]> Hindalco Industries Limited, a flagship company of the Aditya Birla Group (ABG), is an industry leader in the aluminium and copper business, with a global footprint that spans 50 units in 11 countries. Hindalco aims at value creation for all its stakeholders, through robust mechanisms and a well-defined business model.  Tweet This!

This case study is based on the 2019-20 Sustainability Report by Hindalco, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Hindalco believes in all-inclusive growth and seeks to bring changes in the lives of its people and stakeholders, through its economic contributions. In order to create economic value for its stakeholders Hindalco took action to:

  • contribute towards the economic growth of the geographies in which it operates
  • support trade, industry and business associations
  • offer employees benefits

What are the material issues the company has identified?

In its 2019-20 Sustainability Report Hindalco identified a range of material issues, such as compliance management, occupational health and safety, water management, product stewardship, energy & GHG emissions management. Among these, creating economic value for its stakeholders stands out as a key material issue for Hindalco.

Stakeholder engagement in accordance with the GRI Standards

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Hindalco engages with:

Stakeholder Group                Method of engagement
Employees

 

 ·      Emails and meetings

·      Intranet portals

·      Employee satisfaction surveys

·      Training programmes

·      Performance appraisal reviews

·      Grievance redressal mechanism
Customers ·      Emails and meetings

·      Customer satisfaction surveys

·      Grievance redressal mechanism
Suppliers ·      Emails and meetings

·      Vendor assessment & review

·      Supplier audits

·      Training workshops and seminars

·      Stakeholder engagement surveys
Communities

 

 ·      Stakeholder engagement surveys

·      Training and workshops

·      Regular meetings

·      Need assessment and satisfaction surveys

·      CSR reports
Investors and shareholders

 

 ·      Board meetings

·      Annual reports

·      Newsletters

·      Regular business interaction
Regulatory bodies

 

 ·      Annual reports

·      Communication with regulatory bodies

·      Formal dialogues
Media ·      Social media

·      Press releases

·      Interviews

·      Website
Industry associations ·      Meetings

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Hindalco engaged with its stakeholders through a stakeholder engagement survey.

What actions were taken by Hindalco to create economic value for its stakeholders?

In its 2019-20 Sustainability Report Hindalco reports that it took the following actions for creating economic value for its stakeholders:

  • Contributing towards the economic growth of the geographies in which Hindalco operates
  • Through its operational activities, Hindalco seeks to bring in change in the lives of its communities by providing them with livelihood opportunities. Providing fair compensation to its employees, procuring locally manufactured resources for its operations (wherever feasible), investing in community-centric initiatives and timely payment of statutory taxes are some of the ways in which Hindalco seeks to contribute towards the economic growth of the geographies it operates in.
  • Supporting trade, industry and business associations
  • During the reporting period Hindalco contributed INR 36 lakhs towards various trade associations, industry associations and business associations in the form of their membership fees. Donations of INR 29 crore (which includes INR 10 crore paid to AB General Electoral Trust and INR 19 crore through Electoral Bond) were also made towards political contributions during FY 2019-20. Additionally, with an aim to serve society through its contributions, Hindalco takes efforts to fulfil all its regulatory obligations in a timely manner and ensures regular payment of taxes and procures benefits as a result of various governmental schemes and policies.
  • Offering employees benefits
  • Hindalco offers its employees various benefits through a number of initiatives. Medical benefits, post retirement and provision for liabilities towards earned leaves are some of the benefits Hindalco provides its employees with. Hindalco’s contributions are also made towards the provident fund through the government and approved trusts. Hindalco contributes a certain percentage of salaries for all managerial employees in superannuation funds, such as the National Pension Scheme (NPS).

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed

Disclosure 201-1 Direct economic value generated and distributed corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
References:

This case study is based on published information by Hindalco, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

http://www.hindalco.com/upload/pdf/sustainability-report-2019-20.pdf

Note to Hindalco: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Hindalco creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Hindalco treats waste responsibly https://sustaincase.com/case-study-how-hindalco-treats-waste-responsibly/ Wed, 27 Oct 2021 06:08:58 +0000 https://ccprowebs.com/new-sustaincase.com/?p=13009 Hindalco is a flagship company of the Aditya Birla Group and an industry leader in aluminium and copper products, with mining and manufacturing operations spread across nine states in India. Hindalco’s operations generate significant quantities of mineral waste, as well as some non-mineral and hazardous wastes. Accordingly, Hindalco has ingrained the ‘avoid, reduce, reuse and recycle’ approach across its operations. This case study is based on the 2018-19 Sustainability Report by Hindalco published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting […]

The post Case study: How Hindalco treats waste responsibly appeared first on SustainCase - Sustainability Magazine.

]]> Hindalco is a flagship company of the Aditya Birla Group and an industry leader in aluminium and copper products, with mining and manufacturing operations spread across nine states in India. Hindalco’s operations generate significant quantities of mineral waste, as well as some non-mineral and hazardous wastes. Accordingly, Hindalco has ingrained the ‘avoid, reduce, reuse and recycle’ approach across its operations.

This case study is based on the 2018-19 Sustainability Report by Hindalco published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Hindalco continuously seeks to minimise the quantum and maximise the recycling and reuse of the waste generated by its operations.  Tweet This! In order to treat waste responsibly Hindalco took action to:

  • launch the ‘Value from Waste’ initiative
  • adopt the circular economy approach

What are the material issues the company has identified?

In its 2018-19 Sustainability Report Hindalco identified a range of material issues, such as environmental compliance, GHG emissions, ethics and integrity, occupational health and safety, water availability. Among these, treating waste responsibly stands out as a key material issue for Hindalco.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Hindalco engages with:

To identify and prioritise material topics Hindalco engaged with its stakeholders through the following channels:

Stakeholder Group                Method of engagement
Employees

 

 ·      Emails and Meetings

·      Intranet Portals

·      Employee Satisfaction Surveys

·      Training Programmes

·      Performance appraisal reviews

·      Grievance Redressal Mechanisms
Customers ·      Emails and Meetings

·      Customer Satisfaction Surveys

·      Grievance Redressal Mechanisms
Suppliers ·      Emails and Meetings

·      Vendor Assessment & Review

·      Supplier Audits

·      Signed Contracts

·      Training Workshops and Seminars

·      Social Gatherings
Communities

 

 ·      Training & Workshops

·      Regular Meetings

·      Need Assessment & Satisfaction Surveys

·      CSR Reports
Investors and shareholders

 

 ·      Board Meetings

·      Annual Reports

·      Website
Government and regulatory bodies

 

 ·      Annual Reports

·      Communication with regulatory bodies

·      Formal Dialogues
Media ·      Social Media

·      Press Releases

·      Interviews

·      Website
Industry associations ·      Meetings

What actions were taken by Hindalco to treat waste responsibly?

In its 2018-19 Sustainability Report Hindalco reports that it took the following actions for treating waste responsibly:

  • Launching the ‘Value from Waste’ initiative
  • Hindalco’s ‘Value from Waste’ initiative is aimed at achieving 100 utilisation of key wastes by 2025. In alignment to this initiative, Hindalco’s wastes like bauxite residue, fly ash, spent pot lining, aluminium dross, vanadium sludge, copper slag and phospho-gypsum are collected, stored and disposed. The total waste generation from Hindalco’s operations during the reporting period was 13.07 million MT, of which 0.37 million MT was hazardous waste and 12.70 million MT was non-hazardous waste. A major part of solid waste generated from Hindalco’s operations consists of bauxite residue and fly ash, and Hindalco focuses on maximum utilisation of these wastes.
  • Adopting the circular economy approach
  • As part of its circular economy approach, Hindalco has identified avenues for utilisation of waste generated from its industry as a raw material for various other industries. Hindalco has taken specific initiatives for waste disposal of bauxite residue and spent pot lining. The spent pot lining is processed in-house for further reuse as a refractory application. The bauxite residue is sold to cement industries as useful raw material and for manufacturing of paver blocks. The project for utilisation of bauxite residue with geo-polymer for construction application was initiated during the reporting period and is under progress as of now. In addition to these initiatives, a study was carried out for utilisation of bauxite residue for backfilling of mines. This has helped Hindalco dispose of the waste generated from the previous financial year as well. In FY 2018-19, a total of 13.75 million MT of waste was disposed, of which 0.32 million MT was hazardous waste and 13.43 million MT was non-hazardous waste.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 306-2 Waste by type and disposal method

Disclosure 306-2 Waste by type and disposal method corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
References:

1) This case study is based on published information by Hindalco, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original, please revert to the original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to Hindalco: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Hindalco treats waste responsibly appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Hindalco respects and promotes the human rights of its employees https://sustaincase.com/case-study-how-hindalco-respects-and-promotes-the-human-rights-of-its-employees/ Wed, 17 Jun 2020 06:16:41 +0000 https://ccprowebs.com/new-sustaincase.com/?p=10915 Hindalco Industries Limited is a flagship company of the Aditya Birla Group headquartered in Mumbai and an industry leader in aluminium and copper products, with mining and manufacturing operations spread across nine states in India. , promoting equal opportunity employment and propagating a work environment without any form of discrimination. This case study is based on the 2018-19 Sustainability Report by Hindalco published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s […]

The post Case study: How Hindalco respects and promotes the human rights of its employees appeared first on SustainCase - Sustainability Magazine.

]]> Hindalco Industries Limited is a flagship company of the Aditya Birla Group headquartered in Mumbai and an industry leader in aluminium and copper products, with mining and manufacturing operations spread across nine states in India. Hindalco seeks to conduct its business operations in a manner that respects the human rights and dignity of its people  Tweet This!, promoting equal opportunity employment and propagating a work environment without any form of discrimination.

This case study is based on the 2018-19 Sustainability Report by Hindalco published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Hindalco has developed an employee-centric work culture, with its Code of Conduct and related policies – extending to all employees, contractual employees and other partners across Hindalco’s value chain – placing great emphasis on human rights issues including child labour, forced or compulsory labour, sexual harassment and discrimination. In order to respect and promote the human rights of its employees Hindalco took action to:

  • support collective bargaining
  • implement a Human Rights Policy
  • provide employee benefits
  • promote employee communication

What are the material issues the company has identified?

In its 2018-19 Sustainability Report Hindalco identified a range of material issues, such as compliance management, GHG emissions, ethics and integrity, waste management, water availability. Among these, respecting and promoting the human rights of its employees stands out as a key material issue for Hindalco.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Hindalco engages with:

To identify and prioritise material topics Hindalco engaged with its stakeholders through the following channels:

Stakeholder Group                Method of engagement
Employees

 

 ·      Emails and Meetings

·      Intranet Portals

·      Employee Satisfaction Surveys

·      Training Programmes

·      Performance appraisal reviews

·      Grievance Redressal Mechanisms
Customers ·      Emails and Meetings

·      Customer Satisfaction Surveys

·      Grievance Redressal Mechanisms
Suppliers ·      Emails and Meetings

·      Vendor Assessment & Review

·      Supplier Audits

·      Signed Contracts

·      Training Workshops and Seminars

·      Social Gatherings
Communities

 

 ·      Training & Workshops

·      Regular Meetings

·      Need Assessment & Satisfaction Surveys

·      CSR Reports
Investors and shareholders

 

 ·      Board Meetings

·      Annual Reports

·      Website
Government and regulatory bodies

 

 

 ·      Annual Reports

·      Communication with regulatory bodies

·      Formal Dialogues
Media ·      Social Media

·      Press Releases

·      Interviews

·      Website
Industry associations ·      Meetings

What actions were taken by Hindalco to respect and promote the human rights of its employees?

In its 2018-19 Sustainability Report Hindalco reports that it took the following actions for respecting and promoting the human rights of its employees:

  • Supporting collective bargaining
  • Hindalco recognises that worker unions at all its operations in India and more than 68.87% of the total workforce are covered under the provision of collective bargaining, supports the right to collective bargaining of its workers and promotes full transparency and trust with its entire workforce. Hindalco’s long-term meaningful relationships with the unions and all settlements follow prevailing labour legislation at the national and state levels, while agreements with trade unions also cover all relevant health and safety topics for operations at respective locations.
  • Implementing a Human Rights Policy
  • Hindalco has developed a Human Rights Policy which reinforces its commitment to respect and uphold the human rights of all its stakeholders and guides the actions taken to fulfil this commitment. In order to identify potential human rights related risks, Hindalco has a due diligence process which is carried out annually through company-wide compliance monitoring. This entails undertaking a detailed monitoring at 100 of Hindalco’s sites to ensure compliance to various human rights related requirements such as no child labour, working conditions, minimum compensation, equal opportunity, freedom of association. Compliances to Factories Act and labour laws are audited by the legal team and findings are presented to the senior management. Additionally, every business unit has an SOP (Standard Operating Procedure) in place to ensure compliance to labour rights. Hindalco also assesses human rights related risks in its supply chain, which is a part of the overall supplier evaluation. The risks identified are addressed through the implementation of appropriate corrective actions, which can range from risk prevention through awareness sessions and precautionary measures, risk reduction through building capacity and safeguards or risk elimination through modifications in the business process or termination of contract. Cases of human rights violations are dealt strictly through warnings, counselling, penalties and even termination of employment, depending upon the severity of violation.
  • Providing employee benefits
  • Hindalco is committed towards providing benefits to its permanent employees as per defined plan obligations. These benefits include medical insurance, residential accommodation at plants, group personal accident insurance and parental leaves. Hindalco is also an equal opportunity employer, and believes in providing equal benefits to all its employees without any form of discrimination. The ratio of basic salary and remuneration of women to men is always 1:1 for respective job bands. The remuneration structure of Hindalco’s employees is based on their job roles and an industry-wide benchmarking exercise carried out periodically. During revisions of the remuneration structure, the views of all relevant stakeholders are taken into account.
  • Promoting employee communication
  • Hindalco believes communication is one of the critical aspects for developing a responsible work environment and, in case of any significant changes in operations, notifies all its management staff and workmen about it. The management staff is notified at least 3 months in advance, whereas workmen are notified as per requirements of local regulations. Hindalco also provides trainings to unionised employees on aspects such as skills, business objectives and values which result in better contribution to the Company and the Group, making sure that all its units are 100% compliant in terms of local and national laws, minimum wages, payment of wages, the Factories Act and all other prevailing regulatory requirements.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standards addressed in this case are:

1) Disclosure 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees

2) Disclosure 402-1 Minimum notice periods regarding operational changes

3) Disclosure 405-2 Ratio of basic salary and remuneration of women to men

4) Disclosure 406-1 Incidents of discrimination and corrective actions taken

5) Disclosure 407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk

 

Disclosure 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees corresponds to:

  • Sustainable Development Goal (SDG) 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
  • Business theme: Earnings, wages and benefits

Disclosure 402-1 Minimum notice periods regarding operational changes corresponds to:

  • Sustainable Development Goal (SDG) 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
  • Business theme: Labor/management relations

Disclosure 405-2 Ratio of basic salary and remuneration of women to men corresponds to:

Disclosure 406-1 Incidents of discrimination and corrective actions taken corresponds to:

  • Sustainable Development Goal (SDG) 5: Achieve gender equality and empower all women and girls
  • Business theme: Non-discrimination
  • Sustainable Development Goal (SDG) 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
  • Business theme: Non-discrimination
  • Sustainable Development Goal (SDG) 16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
  • Business theme: Non-discrimination

Disclosure 407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk corresponds to:

  • Sustainable Development Goal (SDG) 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
  • Business theme: Freedom of association and collective bargaining

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
References:

1) This case study is based on published information by Hindalco, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original, please revert to the original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to Hindalco: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Hindalco respects and promotes the human rights of its employees appeared first on SustainCase - Sustainability Magazine.

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