PVR INOX Limited is one of the major cinema players. The company has announced its BRSR for the year 2023-24, stating that it is committed to minimizing its footprint on the environment and adhering to the best ethical standards. The report outlines a strategic roadmap the company has for sustainability, conformance to governance standards, and commitment to social causes.
Conservation of Environment Campaigns
Consequently, PVR INOX has taken some key initiatives in the sphere of environmental sustainability by integrating renewable energy sources into the value chain of operations. The company has invested in powering some standalone cinemas using renewable energy; hence, taking concrete footprints towards reducing carbon emissions. Besides this, it is considering alternative fuels and the installation of energy-efficient technologies like LED lighting and advanced HVAC systems.
The company has already switched to using waste-to-wear fabrics for uniforms and shoes made from recycled materials to reduce plastic use in waste management. This no doubt goes a long way in doing away with single-use plastics, introducing things such as biodegradable containers, and doing without plastic straws in the context of wider environmental aims.
Another step taken by PVR INOX is the installation of water flow restrictors at cinema locations to economize on water usage, especially considering that a cinema is an operationally highly water-intensive business.
Social Initiatives
PVR INOX ensures that it has excellent social responsibility through numerous programs. There have been special plans devised to accommodate people with disabilities and the elderly by offering an accessible and inclusive cinema experience. Similarly, this involves assistive equipment and prototype development of removable seats to accord with the diverse customer needs.
Diversity and inclusion represent another aspect of priority where the company advances diverse hiring practices, creating new customer segments in the process. This approach will not only contribute to the inclusive workplace but also serve the wide social impact goals of PVR INOX.
Governance and Compliance
Governance and compliance form an inherent part of PVR INOX’s operational working. The company adheres to the National Guidelines on Responsible Business Conduct, 2019, wherein the policies have been reviewed and approved by the CMD. For grievance redressal, a separate mechanism has been made for the shareholders, employees, and customers with active transparency and accountability.
Technology and Innovation
PVR INOX would foster ESG reporting and impact measurements through fast-evolving technologies. AI and blockchain technologies today help the company to ensure better ESG reporting, aligned with its commitments to always stay ahead of global and national trends about ESG-related regulations and investor activism.
Human rights commitment
The commitment to human rights is a keystone that the company has undertaken in its business behavior. PVR INOX has laid down explicit policies that help in advancing and protecting human rights in its operations, such as not using any forced or child labor. Complaints given on human rights violations are allowed a mechanism for hearing with provisions for fair and timely resolution.
Conclusion
The BRSR of PVR INOX Limited for the year 2023-24 underlines its commitments to sustainability, social responsibility, and good governance. It has set standards for ethical and responsible business conduct within the cinema industry with environmental best practices, social programs, and respect for human rights. The report essentially captures how PVR INOX strives to keep aligning with global standards and contribute to the well-being of the communities in which it operates.
Source: BRSR
Credit: PVR INOX Limited