Vishnu Prakash R Punglia Limited has come out with the BRSR for FY 2023-24. The leading construction and infrastructure players have filed the report annually along with the end and have captured the commitment of the company to sustainable business practices and corporate responsibility.
Introduction With each passing moment, the business environment is slowly changing. Businesses today, more than ever, are being considered responsible for environmental and social concerns together with governance-related matters. VPRPL has committed itself to responsible behavior on all these counts, going by its detailed BRSR presented in conformity with the SEBI LODR Regulations, 2015.
Body The report highlights several aspects of the operation of the company, namely business activities, composition of workforce, and environmental practices. VPRPL was incorporated in 2013, and it is mainly a construction industry-based organization. It undertakes projects about water supply, roadwork, railways, sewerage, and irrigation. It is a fast-growing company, where infrastructure-based projects contribute as high as 99.42% of its turnover.
The significant share of the report is that the company has a workforce totaling 1,165 employees, out of which 4% are women. The company also addresses its commitment to safety, putting in considerable measures within the workplace in terms of safety for its employees. In this regard, it sustains a systematic health and safety management system with personal protective equipment.
Energy and water management have been among the major environmental issues that VPRPL has to respond to. The company further elaborated on its energy consumption in the report, declaring an immense focus on minimizing its environmental footprint. This company is still in the early stages of developing a fully integrated ESG strategy, but it is working to improve its environmental and social impacts.
The report also underlines the commitment of the company to ethical considerations in conducting its business. VPRPL has put in place a transparency policy comprising a code of conduct for the board and senior management. Further, the company’s CSR projects reflect its commitment to social responsibility, specifically its educational, healthcare, and rural development initiatives.
Overview The BRSR for 2023-24 presented by VPRPL stands as testimony to the company’s commitment to sustainable and responsible business practices. While the company is growing, it keeps up its contribution to enhancing the framework in ESG activities for long-term value creation towards its stakeholders. The report will not only serve the purpose of transparency but will also set the stage for VPRPL’s future endeavors in the realm of corporate responsibility.
Source: BRSR
Credit: Vishnu Prakash R Punglia Limited