The business Responsibility and Sustainability Report dealing with the operations of the company and engagements of various stakeholders of the company along with ongoing commitment to sustainability and CSR for the fiscal year 2023-24 has been issued by NRB Bearings Ltd. The report has been submitted to the National Stock Exchange of India and BSE Ltd. In this report, NRB Bearings ensures that the company remains firm on transparency, employee welfare, and ethical business standards.
This report of FY 2023-24 highlights such strategic initiatives of NRB Bearings toward creating a safe and healthy working environment. For the sustenance of its employees and value chain partners, various health assessments and training programs have been formulated by the company. Such efforts are more than just compliance issues but reflect a commitment to creating an ambiance that upholds the importance of safety and health.
Stakeholder interaction is part and parcel of all the processes within the workings of NRB Bearings. Well-planned channels have thus been established at the company for communication with identified key stakeholders to further the mutual benefit of the latter. Accordingly, such communication channels have been so landscaped as to facilitate open dialogue, ensuring due consideration of their interests in the company’s decision-making processes.
NRB Bearings also upholds human rights and responsible consumer involvement. The report outlines the policies and mechanisms that ensure these principles are inculcated into its operations. By doing so, NRB Bearings pursues trust from stakeholders and equitable development.
Added to this, care for the environment and waste management is a concern of the company because of its commitment to sustainability. NRB Bearings took efficacious measures in reducing the overall environmental footprint, manifesting accountability and responsibility in this important area. The ways through which the company maintains its resources and wastes are highlighted in the report, thereby highlighting its role in environmental sustainability.
The Business Responsibility and Sustainability Report of NRB Bearings bears testimony to the steadfast effort of the company to embed sustainability into every aspect of its business. This is not about mere compliance issues but about value creation for all its stakeholders, contributing towards environmental and social causes.
Overview The Business Responsibility and Sustainability Report for FY 2023-24 sums up the commitment of NRB Bearings Limited to sustainable best practices, a wellness-oriented approach at the workplace, and ensuring ethical conduct in business operations. In this way, the organization remains responsible through transparency in its operations and hence keeps the faith of its stakeholders intact toward its commitment to the perpetuation of their ongoing growth and that of a sustainable future. As NRB Bearings geared up to embark on the next level, its eyes remained glued to values upheld and positive changes inspired in the industry.
Source: BRSR
Credit: NRB Bearings Limited