Urja Global Limited has expressed its strong commitment to sustainability, corporate governance, and community engagement through its latest Business Responsibility and Sustainability Report for FY 2023-24. West Delhi-headquartered New Delhi company has its business in the core of manufacturing electrical motorcycles, scooters, mopeds, and their engines. Through the report, the firm has expressed its strong commitment to ethical business practices along with sound corporate governance, airing proactive initiatives in the environment and social responsibility seas.
General Disclosures and Business Activities
The registered and corporate office of Urja Global is situated at 487/63, 1st Floor, National Market, Peeragarhi, West Delhi, New Delhi, Delhi, India. All details about the activities can be viewed at the website of the company, www.urjaglobal.in. In the case of the BRSR report in the years 2023-2024, one can contact CS Priyanka Rani. Urja Global’s primary businesses are the production of electric vehicles and engines. The market for this will be widely exploited through a network of dealers and distributors complemented by direct retailing through an online platform. This two-pronged strategy would help the company to maximize its market reach and adaptability.
Corporate Governance and Risk Management
Further, Urja Global identifies the importance of good corporate governance. For instance, if the governance dimension is not well adopted, then the organization can have increased risks, such as unethical conduct, misuse of resources, legal issues, prestige loss, and financial instability, to mention a few. With these, the company has tried to stick to stringent policies on governance, ethical leadership, effective controls, and policies, to mention but a few. The company has also framed a robust cyber security framework to safeguard against the rising risks of digitization.
Policies on Ethical Conduct and Cybersecurity
Urja Global has formulated comprehensive policies to ensure ethical conduct and to comply with regulations throughout the company. A whistleblower mechanism has been taken up by the company to ensure the protection of transparency and accountability in the system. Cybersecurity has also been covered through policies relating to the setting of limits, mitigation measures, and internal controls to protect information from stakeholders, cyber threats, and risk mitigation.
Health, Safety, and Employee Well-Being
It also includes the health and safety management systems of the company. Urja Global has processes in place to identify and assess workplace hazards and risks routinely and otherwise. The company encourages workers to fill out hazard reporting forms and take all precautions to remove themselves from risky situations. Steps have been taken to provide a safe and healthy workplace, thereby proving committed to employee well-being.
Social Impact and Community Engagement
Urja Global is engaged in business practices involving social impact assessments and community engagement. It has in place mechanisms to receive and redress community grievances, thus showing regard for its reputation vis-à-vis the communities in which it works. There are no rehabilitation and resettlement projects in the pipeline; however, the company tries to fulfill all requirements of social responsibility.
Consumer Protection: Privacy Policy
Consumer protection is an important focus area of Urja Global. It has put in place mechanisms through which it receives and redresses complaints and feedback raised by consumers. The framework on cyber security and data privacy is quite comprehensive, with adequate measures taken to protect customer data from breaches. The company regularly provides customers with information on the safe and responsible use of its products and services. It also has in place mechanisms for ensuring that the consumer gets prior notice about the service and product disruption.
Environmental Responsibility and Waste Management
There is a focus on sustainability at Urja Global, which ranges from responsible sourcing to responsible waste management. The company claims that 90% of its inputs are bought responsibly. It has also been putting in place channels to facilitate the return of products and packaging materials, most especially plastics, metals, e-waste, and other hazardous waste materials that it uses. As such, it can stick to all required environmental laws and guidelines, such as the Water Act, the Air Act, and the Environment Protection Act. Over the years, it has embarked on projects that are aimed at reducing greenhouse gas emissions and proper waste management.
Stakeholder Engagement and Human Rights
The company has a strong focus on stakeholder engagement and regularly consults with key stakeholders about economic, environmental, and social issues. Such consultations are adopted into the policies and activities of the company. Urja Global has set up channels to deal with complaints on human rights and guarantees against any requisites for individuals making complaints. It is also implementing due diligence processes on issues about human rights and action to avoid forced or involuntary labor.
Conclusion:
URJA Global BRSR FY2023-24 is about the holistic experience of the company in corporate governance, social responsibility, environmental sustainability, and community engagement. The strong policies and proactive initiatives at Urja Global enable it to carry on with great business ethics and stakeholder engagement. The commitment to sustainability and well-being shows an absolute inclination toward a long-term commitment to success, accompanied by a positive impact on society.
Source: BRSR
Credit: Urja Global Limited