Reliance Industries Limited+image
Reliance Industries Limited
2020
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Question
Does the policy related to Principle 6 apply to the broader company network, thus going beyond its own operations?
Answer
Yes
Yes, No
updated 10 days ago by Avinash Babu M
Checks 2
Rishabh Nayyar and Aileen Robinson checked this value

Does the value accurately represent its source?

No, I'll fix it
Comments

Page 146, RIL Integrated Annual Report 2016-17, Para 1.

Avinash Babu M.....2019-01-11 19:31:00 UTC
About

These questions are a part of the National Guidelines on Social, Environmental and Economic Responsibilities for Business. They provide the bedrock on which responsible business in Indian companies are laid. Hence to have a yes to any of these questions or a company policy on these aspects strengthens the #ESG aspects of the company.

This particular metric question is inspired by NVG Principle 6: Business should respect, protect, and make efforts to restore the environment.

The principle recognizes that environmental responsibility is a prerequisite for sustainable economic growth and for the well being of society.

The principle emphasizes that environmental issues are interconnected at the local, regional and global levels which makes it imperative for businesses to address issues such as global warming, biodiversity conservation and climate change in a comprehensive and systematic manner.

The principle encourages businesses to understand and be accountable for direct and indirect environmental impacts of their operations, products and services and to strive to make them more environment friendly.

Source: Indian Ministry of Corporate Affairs

Methodology

Does the policy related to Principle 6 apply to the broader company network, thus going beyond its own operations? The answer to this question may be found in the company's Business Responsibility Report

Note: The Business Responsibility Report may be found within the company's Annual Report and/or Sustainability Report.  

If the company reports directly to the NVG principles, the answer can be found under Principle 6 or Principle 6.1

If the company does not report directly to the NVG principles, search in the company's reporting to find if the company has a environmental protection policy which applies their broader company network. 

Note: The broader company network should include entities like the Group / Holding, Joint Ventures, Suppliers, Contractors, NGOs, others.

When looking for the answer in the source, key words to search for include:

  • Principle 6
  • Policy

Answer:

  • Yes, if one or more of the company's policies apply to one or more of it's business relations.
  • No, if only the company itself is covered by its policies, or no explicit statement is made that it also applies to others in their network.

The company may report in fiscal years - in this case, please use the latest year which is cited. 

  • A report for 2016/17 should be used for adding data for the year 2017 

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To join the group visit: t.me/WikiRate

 

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