Inox Green Energy Services Limited, a leader in the renewable energy space, has released its Business Responsibility and Sustainability Report for FY 2023-24. Obvious to the report is the commitment of the company towards both workplace safety and stakeholder engagement while making path-breaking contributions to India’s clean energy objectives. The core business operation of Inox Green revolved around the provision of operation and maintenance services, which accounted for 78.99% of the company’s total turnover. Contribution from the sale of other services was 14.81%, making the company a significant player in the renewable energy sector.
Strongly reflective of the reportable sections was the company’s stance on zero tolerance for workplace safety and harassment prevention. Inox Green has zero tolerance for any sort of harassment, including sexual harassment, and it has measures in place so that no adverse effects will be faced by the employees who file their complaints. Therefore, the zero-tolerance stance by the company is reflective of its further commitment to upholding human rights throughout the business operations of the company.
The company focuses on human rights by adopting the human rights provisions within the business contracts. Indeed, the report indicates that during the fiscal year, all of Inox Green’s plants and offices were checked for issues of child labor, forced labor, sexual harassment, discrimination, and wages. The outcome was an insignificant concern with any of these issues because the company had been performing quite well in those areas.
Inox Green Energy Services has a total of 298 working employees, and all are males. Besides, the company has 16 male working employees falling into the other categories. In FY 2023-24, the permanent working employees of the company were trained on human rights topics with a percentage of 51, while 62.5% of the permanent workers received similar training as well. These data reflect the present efforts of the company to raise awareness and enhance capacities among its working staff about related issues of human rights and place of work conduct.
Resource efficiency is key to sustainability at Inox Green, with a focus on sustainability in wind turbine generators (WTGs). The company looks at improving operational efficiency while still working towards achieving a zero-accident workplace. It is an active participant in community development projects through ESG-based sustainable community projects.
Stakeholder engagement is yet another prime focal area of Inox Green. The company regularly engages its stakeholders, which include investors, employees, suppliers, customers, and communities. These will enable the company to retrieve great feedback for its processes. The company also has a grievance cell in place concerning the issues arising from the clients. This usually ensures that any issues are addressed promptly.
Regarding customer involvement, Inox Green has been able to implement efficient complaint-receiving and addressing procedures. The facility of complaint emailing and the online complaint portal through which customers can bring their grievances easily make it easier for the company to focus on settling the grievances promptly.
Although the report has not been independently assessed or assured for FY 2023-24, Inox Green is reviewing and monitoring its processes on a regular and continuous basis with frequent internal audits and assessments to ensure proper policy compliance and legality are well maintained at operations within the company, which is a very important requirement to maintain transparency and accountability at operations within the company.
Conclusion: The firm develops sustainability and is stakeholder-friendly with unique policy faces about human rights and strong operational efficiency. Inox Green Energy Services’ approach to business responsibility shows its commitment to creating a sustainable and safe working environment while helping grow the renewable energy sector of India.
Source: BRSR
Credit: Inox Green Energy Services Limited