Krishna Institute of Medical Sciences Limited is pleased to present the Business Responsibility and Sustainability Report for the Financial Year 2023-24, in compliance with the requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. With this report, KIMS reiterates its commitment to sustainability, transparency, and ethical business practices, increasingly ensuring the focus and management of all ESG factors across its operations. The report provides a comprehensive overview of the company’s activities toward improving stakeholder value and ensuring the highest standards of corporate responsibility.
BRSR of KIMS underscores a few of the most important concerns upon which the company has made huge strides in the last year. At the heart of the KIMS approach lies conducting materiality assessments and more generally such processes that underline how critical it is to economic, environmental, and social issues for KIMS and its stakeholders. This allows KIMS to adapt to the changing needs and expectations and ensure satisfaction throughout its entire ecosystem.
It has been hailed for a strong governance framework under tight policies for its constitution, such as the ‘Policy on Code of Conduct’ and the ‘Whistleblower Policy for Directors and Employees’. These policies are thereby in place to ensure that integrity, transparency, and compliance are thus practiced throughout. Besides, KIMS has continued beefing its practices on environmental management strategies in ways of reducing its carbon footprint through increased usage of renewable energy, waste management, and conservation strategies.
On the social level, it never compromises the welfare of employees or patient safety. Its employees are service of health and safety standards, and programs to ensure continuous professional development have been initiated. KIMS’s CSR activities become, in many ways, ideal examples of its concern to build a society where there is inclusive growth and equitable development. They significantly impact local communities, enabling access to healthcare and education, especially in disadvantaged communities.
KIMS also emphasizes the need for patient-centric operations concerning patient safety, privacy, and confidentiality. The company engages actively with its customers, listening to and understanding their needs in terms of changes, and aims to stretch beyond limits in respect of superior healthcare service.
On the dimension of economic performance, the KIMS report identifies that the efficient management of the company’s operation has not been at the cost of deviating from the pursuit of sustainability. Strategically, the organization has invested in technologies and processes that help enhance the outcome of patients while at the same time reducing environmental impacts. Besides, KIMS had maintained open relationships with its value chain partners to ensure that sustainability was injected down the line in its supply chain.
Conclusion:
With the release of BRSR for FY 2023-24, KIMS reiterates its unwavering commitment to sustainable and responsible business conduct and practice. In addition to reputation gains for the corporation, KIMS contributes to more generic societal goals through the internalization of ESG tenets in the way it conducts its operations. Its proactive approach toward sustainability and responsibility has set benchmarks in the healthcare sector amidst evolving times. This report, therefore, restates KIMS as a leader in the health sector that is committed to creating value over the long term for all its stakeholders.
Source: BRSR
Credit: Krishna Institute of Medical Sciences Limited