Venus Pipes & Tubes Limited's Commitment to Responsible Business Conduct in FY 2023-24

Venus Pipes & Tubes Limited's Commitment to Responsible Business Conduct in FY 2023-24

Venus Pipes & Tubes Limited's Commitment to Responsible Business Conduct in FY 2023-24
Venus Pipes & Tubes Limited, a leading manufacturer of specialized stainless-steel pipes and tubes, has released its Business Responsibility and Sustainability Report for the financial year 2023-24. This report portrays Venus adhering to the National Guidelines on Responsible Business Conduct of India, bringing out its commitment to integrate sustainability and ethics in every operation. With most industries around the world striving to be more considerate of the environment, Venus' strategies toward caring for the environment, welfare attention for its employees, and governance transparency speak volumes regarding responsible business conduct. BRSR highlights the following: Venus Pipes & Tubes would like to highlight its commitment to being environmentally responsible. Among the major initiatives, an acid regeneration plant was set up that was mainly used to re-concentrate the used acid to its original strength for reuse in industries. The step depicts Venus's commitment to a minimal environmental footprint through the addition of resource-efficient technologies. It also emerges that Venus is committed to sustainable sourcing and waste management. The company instituted strict criteria for evaluating its suppliers against environmental, health, and safety parameters to ensure materials are sourced in a way that does the least amount of damage to the environment. Venus has also substantially streamlined its wastewater management; it has more than 10,000 kiloliters of treated wastewater reutilized within the company premises for gardening and manufacturing purposes. Another underpinning to the sustainability strategy at Venus is employee welfare. It has a wide-ranging health and safety program that includes frequent training in occupational hazards and the distribution of PPE according to the nature of the job and its work environment. Venus has implemented an integrated management system in conjunction with international standards such as ISO 45001:2018 for occupational health and safety management, ISO 14001:2015 for environmental management, and ISO 9001:2015 for quality management. Venus demonstrates its confidence in the ethical conduct of business through a strong governance framework that outlines its commitment to policies related to sustainability through a CSR committee, an audit committee, and a safety committee. Such committees ensure that Venus operates responsibly with full transparency, adheres to all statutory compliances, and maintains the highest degree of integrity in its business operations. Overview: Venus Pipes & Tubes Limited's BRSR for FY 2023-24 shows how the company has gone all out to be sensitive to sustainability and responsible business conduct. As a role model within industry segments, Venus has been integrating environmental stewardship, employee welfare, and ethical governance into its operations. The emerging concern of the company regarding continuous reduction in environmental impact, ensuring safety for employees, and carving out transparent business operations underlines its commitment to building a sustainable future. As Venus continues to align its operations to international best practices regarding sustainability, it helps solidify its position as a leader within the stainless-steel industry. Source: BRSR Credit: Venus Pipes & Tubes Limited

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