Vishnu Chemicals Ltd., one of the leading specialty chemicals players, published its Business Responsibility and Sustainability Report, BRSR, for the years 2023–24. The report comprises a part of the Integrated Annual Report, carrying complete disclosure concerning sustainability, employees’ welfare, corporate governance, and community impact. Currently, VCL has significantly scaled up its operations in most of the business sectors of chromium chemicals manufacturing; for this reason, it has been in a position to exhibit growth as well as appropriate business principles.
Environmental Initiatives: VCL operations are guided by minimal environmental impact. The company has been involved in various projects that save energy and work on ensuring a reduction in water consumption, particularly potable water. Vishnu Chemicals implemented ZLD at two of its locations and reused water from the process after treatment. Apart from this, the total energy consumption by the company from renewable sources was more than 42 million gigajoules, which shows its focus on reducing the carbon footprint. Similarly, Vishnu Chemicals has been doing reasonably well in terms of waste management: most hazardous wastes are disposed to the authorized agencies for treatment and reuse.
Employee and Worker Well-being: VCL claims good concern for the well-being and safety of its employees and workers. According to its 2023-24 report, 100% of its employees and workers have health and accident insurance coverage. The company periodically organizes health and safety training programs for all workers to improve occupational safety. The report also mentions that no fatalities or severe injuries occurred during the year due to various safety precautions by the company, including PPE, drill practices, and health check-ups.
Corporate Governance and Transparency: VCL practices transparency owing to its good governance practices. Anti-corruption and anti-bribery policies and a whistleblower policy have been framed to ensure that the ethical conduct of business operations is upheld. No complaints related to workplace discrimination, violations concerning safety, or other issues relating to human rights have been received by VCL in 2023–24. Vishnu Chemicals has also ensured full compliance with all relevant environmental laws and regulations in India, including the Water Act and the Air Act.
Community and Social Impact: The corporate social responsibility activities of the company are spread over rural, semi-urban, and urban areas and target education, health, and the environment for sustainability. Vishnu Chemicals has contributed to communities through expenditure on projects for uplifting the livelihoods of smaller towns. Further, the BRSR of the company shows a substantial percentage share of wages being invested in rural employment—a commitment that underlines its effort for balanced growth of the backward areas.
Overview: The BRSR of Vishnu Chemicals Limited for the year 2023-24 shows a very strong commitment on the part of the company toward environmental sustainability, caring for its employees, and overall responsible corporate governance. The company has achieved benchmarks in responsible business practices by integrating sustainable practices into its operations, including the implementation of zero-liquid discharge, energy-saving initiatives, and improvements in the area of waste management. Given the emphasis on employee welfare, transparency in governance, and impactful projects that benefit the community, Vishnu Chemicals is all set for a strong future in the long term.
Source: BRSR
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