Zirakpur, Punjab – Jeena Sikho Lifecare Limited, a company that trades in Ayurvedic health care and retail, today released its Business Responsibility and Sustainability Report (BRSR) for the FY 2023-24. This report highlights JSLL’s commitment to the responsible, sustainable, and stakeholder-value approach while doing business, all these being well-rooted into ESG principles.
Being a firm whose business activities range between retail trade (57% of sales) and hospital and medical care services (43%), Jeena Sikho has become a crucial provider of Ayurvedic solutions for consumers in India. BRSR presents a very transparent and clear view on how the firm strikes the balance between the pursuit of business objectives with ethical, social, and environmental considerations.
ESG and Integration Commitment
Jeena Sikho aligns its business strategies with established national and global sustainability frameworks, including the National Guidelines on Responsible Business Conduct (NGRBC).The commitment is to the embedding of ESG principles throughout our value chain, in our interest of delivering long term positive impacts to stakeholders and the environment.”
Manish Grover, Managing Director, Jeena Sikho Lifecare Limited says
“We believe sustainability is not an add-on but rather a core component of our operational and strategic ethos. Our focus remains building a business that is financially robust and socially responsible in creating value for all stakeholders.”
Employee Welfare and Inclusivity
Jeena Sikho, while paying importance to wellness and diversity, focuses on upgradation of skills to enable healthy, equitable, and supportive workplaces:
Health and Safety: 100 per cent health and accident insurance cover for all permanent employees, well-being programs that encompass the mental and physical level of well-being, and regular workplace safety drills for preparation in case of an emergency.Diversity and Inclusion: 50.27 percent of its permanent employees are women, and it maintains its accessibility by fully complying with the 2016 Rights of Persons with Disabilities Act.
Employee Skills: To ensure ongoing employee development, more than 2,500 employees throughout the company received skill-upgradation training on safety procedures and health awareness in FY 2023–2024. The performance reviews and career plans were provided to all such eligible employees that create the culture of growth and motivational force. Workplace harassment is strictly prohibited and an Internal Complaints Committee is in place for handling grievances to ensure that workplace harassment is not tolerated in any form.
Environmental Excellence
Jeena Sikho is operated to reduce its environmental impact to a minimum.Energy Management: The firm’s energy consumption is minimal and continues to strive to rely more on renewable energy resources for further sustainability improvements.Water Conservation Water use has been restricted only in office consumption.In the reporting period, it accounted for 28,46,769 liters. Active measures to reduce wastage and promote efficient usage are in place.Waste Management: The company produces no hazardous waste and ensures electronic waste is recycled responsibly through accredited agencies.Even though the company has a low operational impact on the environment, Jeena Sikho maintains its alignment with global environmental standards in a bid to contribute to more general sustainability goals.
Ethical Governance Framework
Jeena Sikho has an effective governance framework that ensures transparency, ethical decision-making, and adherence to all applicable laws and regulations. Policies and Practices: An Anti-Bribery and Anti-Corruption policy and Whistleblower Policy of the company support its commitment to maintaining stringent ethical practices.
Compliance: For the fiscal year 2023-24, the company has successfully met all labor and environmental compliance requirements, with no incidents of governance failures, regulatory issues, conflicts of interest, or data breaches reported for this period.
Stakeholder Engagement: The company has put in place systems to ensure regular interactions with employees, customers, investors, and community stakeholders. Feedback is actively sought and communicated to ensure transparency in all concerns.
Opportunities and Challenges
BRSR has identified opportunities and challenges in Jeena Sikho’s operational landscape as shown below
Opportunities:
- Growing consumer interest in Ayurvedic health care offers a huge amount of growth potential.
- Launching new products and leveraging the digital platform to strengthen the relationship and trust with the customer.
Challenges:
- Navigating a dynamic regulatory environment within the healthcare industry.
- Winning talent within an industry where competition is growing rapidly.
Jeena Sikho has developed a comprehensive framework of risk management and investments in employee development, regulation compliance, and operations.
Future
In the pursuit of enhancing the commitment to ESG and sustainability, Jeena Sikho Lifecare strives to do the following Renewable Energy Use: Shift to renewable sources of energy to further reduce carbon footprint of the company. Workplace Diversity: Stronger policies to make the workplace more inclusive and equitable for all employees. Governance Improvements: Facilitating full continuity under advanced frameworks that enhance transparency and accountability.
Customer Engagement: This is achieved through the improvement of customer satisfaction with the help of digital tools and building trust in Ayurvedic healthcare solutions. By accomplishing these objectives, Jeena Sikho aims to lead in sustainable business practices but be a brand to be trusted in Ayurvedic healthcare and retail trading.
To sum up
The BRSR for FY 2023–2024 of Jeena Sikho Lifecare Limited addressed the sustainability, stakeholder engagement, and ethical governance of the organization. The company apart from the environmental factor wanted to move forward towards social well-being by integrating ESG in every sphere of its business operations.
This report again consolidates Jeena Sikho’s view of being a responsible corporate leader in creating long-term value for customers, employees, investors, and for the greater community.
The full version of BRSR is accessible to the public through Jeena Sikho’s official website. For more details, stakeholders can contact [email protected].