Ganesha Ecosphere Limited is the leader in sustainable recycling. The company has released its 35th Annual Report for the financial year 2023-24. It involved continuing commitments to environmental sustainability, staff welfare, and business ethics. All this includes complaint resolutions and assessments, job creation, waste management, sustainability initiatives, and the well-being of employees.
Complaints and Assessments
The report clearly shows that Ganesha efficiently manages employee complaints. In the year 2023-24, there were two complaints regarding working conditions, both resolved very promptly. This is a slight improvement from the previous year, 2022-23, when three such complaints were lodged. No health and safety complaints were filed during the period of 2023–24, compared to the seven filed in the year previous.
On the assessment front, Ganesha Ecosphere has fared well throughout its operations. The company ensured that 100% of its plants were assessed for health and safety practices and working conditions, thereby reiterating its concern for creating a safe, healthy workplace environment for all its employees.
Job Generation in Rural Areas
In this direction, Ganesha Ecosphere has remained focused on job creation in rural areas. During the 2023-24 financial year, its rural employment accounted for 38.27 percent of the total wage cost. This measure does not only contribute to economic growth within the village/community context but also speaks to the company’s larger goals of achieving social equity and inclusiveness.
Waste Management and Environmental Sustainability
Ganesha Ecosphere has been at the very forefront of waste management: under its aegis, 100% of PET plastic wastes were successfully recycled, and hazardous chemicals eluded use in its processes to maintain high levels of environmentally responsible operations.
The company indeed has strong sustainability initiatives: plastic waste recycling and energy-efficient technologies. In addition, the introduction of solar panels will further reduce the company’s greenhouse gas emissions, clearly showing the company’s commitment to causing minimal environmental impact.
Sustainability Statistics and Achievements
The report provides detailed statistics regarding the sustainability-related achievements of Ganesha. The energy consumption from renewable sources increased substantially from 97,874.22 GJ in 2022–23 to 115,141.99 GJ in 2023–24. This increase is a step towards the continuous process that the company is undergoing in transition to renewable sources of energy and reduction of carbon footprint.
Further, Ganesha Ecosphere reported the generation of 0.45 metric tons of e-waste in 2022–23. Besides this, no plastic, biomedical or construction waste was generated. It demonstrates the group’s effective approaches to waste management and its earnestness regarding minimizing damage to the environment.
Employee Health and Accessibility at Work
Employee welfare forms a major thrust area of the Ganesha Ecosphere. According to reports, all permanent employees of the company are covered under health and accident insurance; this workers’ insurance helps them get access to healthcare facilities, thus leading to a healthy and secure workforce.
Besides, the company is committed to maintaining gender equality in its workplace. As per the report, 34.70% of its women workforce fall within the Daycare Facility Eligibility category, thus helping the working mothers and making their work and personal lives more balanced.
Stakeholder engagement and ethical practices
Throughout the reporting, Ganesha Ecosphere expresses an attitude toward ethical and responsive business practices. This bloc focuses on transparency, compliance with environmental legislation, and responsible engagement in policy processes at the organization. Another key area is stakeholder engagement, wherein the company efficiently communicates with employees, investors, customers, and society to ensure the effective hearing and consideration of all voices.
Conclusion:
The 35th Annual Report for 2023-24 spells out, loud and clear, that Ganesha Ecosphere Limited can never be non-committal to its twin pursuits of sustainability and employee welfare, as well as ethical business practices. While making a difference in environmental sustainability with its innovative practices, it is undeviatingly concerned about the welfare of its employees. Thus, it is among the frontline companies in sectors related to its engagement. While the Ganesha Ecosphere will continue to grow and evolve, social responsibility and sustainable development will surely remain at the forefront at each step.
Source: BRSR
Credit: Ganesha Ecosphere Limited