The Business Responsibility and Sustainability Report (BRSR) of Hindustan Construction Company (HCC) for FY 2023-24 highlights the company’s key milestones in environmental, social, and governance (ESG) initiatives.
This report, prepared under SEBI’s mandate, underscores HCC’s commitment to sustainable development by integrating principles of responsible business conduct into its operations. It reflects HCC’s strides in ethical governance, employee welfare, environmental conservation, and stakeholder engagement, marking its ongoing efforts to foster sustainable infrastructure development in India.
In the governance sphere, HCC adheres to a strong ethical framework. The company’s anti-bribery and anti-corruption policies have ensured zero recorded cases of malfeasance among employees or directors in FY 2023-24. Furthermore, the company demonstrated transparency through its code of conduct and annual audits, with no significant deviations reported across the spectrum of regulatory compliances. These achievements reaffirm HCC’s commitment to maintaining high standards of integrity in its business operations.
In terms of employee welfare, HCC prioritizes health and safety, covering over 11,000 workers under comprehensive occupational health programs. The company has implemented an Integrated Management System (IMS) certified under ISO 45001 (Occupational Health and Safety), ISO 9001 (Quality Management), and ISO 14001 (Environmental Management), which governs its project sites and corporate offices. The goal of this system is to achieve “zero reportable injuries” at all its work fronts, an aspiration HCC seeks to actualize through training, risk assessments, and safety audits. The Proactive Safety Observation Programme (PSOP) further strengthens its focus on safety by systematically reporting unsafe conditions and taking corrective actions.
Environmentally, HCC continues to enhance its green footprint. In FY 2023-24, it reduced its water withdrawal and energy consumption compared to the previous year, focusing on renewable energy sources. HCC consumed 137,750.52 gigajoules (GJ) of renewable energy and 391,178.83 GJ of non-renewable energy, reflecting a conscious shift toward greener alternatives. Furthermore, the company recycled significant volumes of construction waste and used eco-friendly materials such as fly ash and crushed sand to replace traditional inputs, thereby lowering its environmental impact.
Stakeholder engagement is a core tenet of HCC’s business strategy. In its report, HCC detailed various initiatives to involve stakeholders, including government clients, suppliers, and local communities, in discussions around sustainable practices and project execution. The company worked with local communities on Corporate Social Responsibility (CSR) projects, which primarily focused on improving socio-economic conditions in regions where it operates.
HCC’s reporting on ESG efforts through the BRSR marks its alignment with global sustainability standards and underscores its readiness to tackle future challenges in the infrastructure sector.