Business Responsibility Report
Section A: General Information about the Company
- Corporate Identity Number (CIN) of the Company: L27201WB1967GOI028825
- Name of the Company: Hindustan Copper Limited
-
Registered Address:
"Tamra Bhavan"
1 Ashutosh Chowdhury Avenue Kolkata 700019
Tel. No.: 033-2283 2226/2529
Fax no.: 033-2283 2478/2640 - Website: www.hindustancopper.com
- E-mail:investors_cs@hindustancopper.com
- Financial Year Reported: 2021-22
- Sector(s) that company is engaged in (industrial activity code-wise):
Industrial Group | Description |
07291 | Mining of copper ore |
24201 | Manufacture of Copper from ore and other copper products and alloys |
24320 | Casting of non-ferrous metals |
As per National Industrial Classification - Ministry of Statistics and Programme Implementation
- List three key products/services that the Company manufactures/ provides (as in balance sheet): Hindustan Copper Limited (HCL) is the only vertically integrated copper mining company in India having its own captive mines. Following are the key products manufactured by the Company:
- Metal in Concentrate
- Refined Copper Cathode
- Continuous Cast Copper Rod
- Total number of locations where business activity is undertaken by the Company:
a) | Number of International locations | : | None |
b) | Number of National locations | : | 7 |
Offices
Corporate and Eastern Regional Sales Office, Kolkata
Northern Regional Sales Office, Delhi
Khetri Copper Complex (KCC), Khetrinagar, Rajasthan
Indian Copper Complex (ICC), Ghatsila,
Jharkhand
Plants
Malanjkhand Copper Project (MCP), Malanjkhand, Madhya Pradesh
Taloja Copper Project (TCP), Taloja, Maharashtra
Gujarat Copper Project (GCP), Gujarat
10. Markets served by the Company (Local / State / National / International): National/ International
Section B: Financial Details of the Company
- Paid up Capital: Rs. 483.51 crore
- Total Turnover: Rs. 1812.21 crore
- Total Profit/(Loss) after taxes from continuing & discontinuing operations: Rs. 373.78 crore
- Total spending on Corporate Social Responsibility (CSR) as percentage of profit after tax (%): 0.21%
- List of activities in which expenditure in 4 above has been incurred:
- Drinking Water, Health, Nutrition and Sanitation
- Education, Vocational Skills and Livelihood
- Environment
- Promotion of sports in rural areas
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Section C: Other Details
- Does the Company have any Subsidiary Company / Companies? Yes
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Do the Subsidiary Company / Companies participate in the BR Initiatives of the parent Company? If yes, then indicate the number of such subsidiary company(s).
Subsidiary Company namely, Chhattisgarh Copper Ltd was incorporated on 21.5.2018. At present it is not contributing to the BR initiative. - Do any other entity / entities (e.g. suppliers, distributors etc.) that the Company does business with; participate in the BR initiatives of the Company? If yes, then indicate the percentage of such entity / entities? [Less than 30%, 30-60%, More than 60%]
Yes, currently less than 30%.
Section D: BR Information
1. Details of Director / Directors responsible for BR:
a) Details of the Director / Directors responsible for implementation of the BR policy / policies:
DIN | 02846267 | ||
Name | Shri Sanjay Panjiyar | ||
Designation | Director (Operations) | ||
Phone | 033-2281 6221 | ||
Mail Id | panjiyar_s@hindustancopper.com | ||
DIN | 07090008 | ||
Name | Shri Ghanshyam Sharma | ||
Designation | Director (Finance) | ||
Phone | 033-2282 0702 | ||
Mail Id | sharma_g@hindustancopper.com | ||
DIN | 09548389 | ||
Name | Shri Sanjiv Kumar Singh | ||
Designation | Director (Mining) | ||
Phone | 033-2281-7138 | ||
Mail Id | sanjivkumarsingh@hindustancopper.com | ||
b) Detail of the BR head | |||
DIN | 03324672 | ||
Name | Shri Arun Kumar Shukla | ||
Designation | Chairman and Managing Director | ||
Phone | 033-2283 2725 | ||
Mail Id | cmd@hindustancopper.com |
2. Principle-wise (as per NVGs) BR Policy / policies (Reply in Y / N)
The National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs) released by the Ministry of Corporate Affairs has adopted nine areas of Business Responsibility. These briefly are as under:
P1 - Businesses should conduct and govern themselves with Ethics, Transparency and Accountability.
P2 -Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle.
P3 - Businesses should promote the well-being of all employees.
P4 - Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalized.
P5 - Businesses should respect and promote human rights.
P6 - Businesses should respect, protect, and make efforts to restore the environment.
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P7 - Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner.
P8 - Businesses should support inclusive growth and equitable development.
P9 - Businesses should engage with and provide value to their customers and consumers in a responsible manner.
2 (a) Details of compliance (Reply in Y/N)
Sr. | Business Ethics | Product Responsibility | ofWelfare Employees | Stakeholder Engagement | RightsHuman | Environment | PolicyPublic | CSR | toValue customers | ||||||||||
No. | |||||||||||||||||||
Questions | |||||||||||||||||||
P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | |||||||||||
1 | Do you have a policy / policies for... | Y* | Y* | Y* | Y* | Y* | Y* | Y* | Y* | Y* | |||||||||
Has | the | policy | been formulated | in | Y | Y | Y | Y | Y | Y | Y | Y | Y | ||||||
2 | consultation | with | the | relevant | |||||||||||||||
stakeholders? | |||||||||||||||||||
3 | Does the policy conform to any national / | Y | Y | Y | Y | Y | Y | N | Y | N | |||||||||
international standards? If yes, specify? | |||||||||||||||||||
Has the policy being approved by the | Y | N | Y | N | Y | Y | N | Y | N | ||||||||||
4 | Board? If | yes, | has it | been signed | by | ||||||||||||||
MD/owner/CEO/appropriate | Board | ||||||||||||||||||
Director? | |||||||||||||||||||
Does the company have a specified | Y | N | Y | N | N | N | N | Y | N | ||||||||||
5 | committee of the Board/ Director/Official | ||||||||||||||||||
to oversee the implementation of the | |||||||||||||||||||
policy? | |||||||||||||||||||
6 | Indicate the link | for | the policy to | be | Y** | Y** | Y** | N | N | N | N | Y** | Y** | ||||||
viewed online? | |||||||||||||||||||
Has | the | policy | been | formally | Communicated to key stakeholders of HCL. The communication | ||||||||||||||
7 | communicated to all relevant internal and | is an on-going process to cover all internal and external | |||||||||||||||||
external stakeholders? | stakeholders. | ||||||||||||||||||
Does | the | Company | have | in-house | Y | Y | Y | Y | Y | Y | Y | Y | Y | ||||||
8 | structure | to | implement | the | |||||||||||||||
policy/policies? | |||||||||||||||||||
Does the Company have a grievance | Y | Y | Y | Y | Y | Y | N | Y | Y | ||||||||||
9 | redressal | mechanism | related | to | the | ||||||||||||||
policy/policies | to | address stakeholders' | |||||||||||||||||
grievances related to the policy/policies? | |||||||||||||||||||
Has the Company carried out independent | N | N | N | N | N | Y | N | N | N | ||||||||||
10 | audit/evaluation of the working of this | ||||||||||||||||||
policy by an internal or external agency? | |||||||||||||||||||
*The | Company follows DPE, other applicable | Government | guidelines/ laws and the policies approved by the | ||||||||||||||||
Board. | **Company's Website: www.hindustancopper.com |
2 (b). If answer to Sr. No 1 against any principle, is 'No', please explain why: (Tick up to 2 options)
Sr. | Questions | Business Ethics | Product Responsibility | Human Rights | ||||||
No. | Welfare of Employees | Stakeholder Engagement | Environment | Public Policy | Value to customers | |||||
CSR | ||||||||||
P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | ||
1 | The Company has not understood the | |||||||||
Principles | ||||||||||
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2 | The Company is not at a stage where it | |
finds itself in a position to formulate | ||
and implement the policies on specified | ||
principles | ||
Not Applicable | ||
3 | The Company does not have financial or | |
manpower resources available for the | ||
task | ||
4 | It is planned to be done within next 6 | |
months | ||
5 | It is planned to be done within the next | |
1 year | ||
6 | Any other reason (please specify) | |
3. Governance related to BR:
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Indicate the frequency with which the Board of Directors, Committee of the Board or CEO assess the BR performance of the Company. Within 3 months, 3-6 months, Annually, More than 1 year.
The BR performance of the Company is assessed on a need basis and in accordance with statutory requirements. - Does the Company publish a BR or a Sustainability Report? What is the hyperlink for viewing this report? How frequently it is published?
The Company publishes annually its BR report as per SEBI guidelines and it can be viewed at the Company's website www.hindustancopper.com.
Section E: Section Wise Performance
Principle 1: Ethics, Transparency and Accountability
Businesses should conduct and govern themselves with Ethics, Transparency and Accountability
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Does the policy relating to ethics, bribery and corruption cover only the Company?
No. The Company is making continuous efforts in improving the systems and procedures so that they are transparent and in conformity with the extant rules & procedures, thereby ensuring that the working atmosphere and Company's dealings / transactions with other entities are relatively free from corruption. The Company has developed its Code of Ethics and Whistle Blower Policy which pertain to ethics, bribery and corruption. Its Code of Business Ethics governs the manner in which the Company carries out its activities and interacts with its stakeholders. - Does it extend to the Group / Joint Ventures / Suppliers / Contractors / NGOs / Others?
Yes. It extends to the Suppliers, Contractors, Business Partners and all other associated entities. The Company is a signatory of 'Integrity Pact' with Transparency International India wherein the Integrity Pact is signed between the bidders and the Company for all job contracts valuing Rs.10 crore and above and for all purchase valuing Rs.20 crore and above. - How many stakeholder complaints have been received in the past financial year and what percentage was satisfactorily resolved by the management? If so, provide details thereof, in about 50 words or so.
- Investor Grievances: During 2021-22 the Company received and resolved one complaint and there was no complaint pending as on 31.3.2022.
- Public Grievances: At the start of FY 2021-22, there were 3 cases pending and 109 cases received in the Centralized Public Grievance Redress and Monitoring System (CPGRAMS) portal during the year. Of the total 112 cases, 100 cases were resolved during the year and 12 cases were pending as on 31.3.2022.
- Customer Grievance: No customer grievance was received and resolved during the year 2021-22 and there was no outstanding grievance as on 31.3.2022.
- Stakeholder grievances pertaining to any other issue are forwarded to the respective department for redressal.
The stakeholders may address their complaints via platforms given below:
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Employees | • | Grievance Redressal System |
• | Whistle Blower Policy | |
Trade Unions | Bipartite Forum at Unit/National level for the Company | |
Shareholders | At dedicated email id- investors_cs@hindustancopper.com | |
Consumers/Customers | Grievance Redressal through Marketing Department | |
Public in General | Public Grievance System of the Ministry. | |
CPGRAMS developed and monitored by Department of | ||
Administrative Reforms and Public Grievances for online receipt | ||
and disposal of public grievances |
Principle 2: Products contributing to sustainability
Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle.
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List up to 3 of your products or services whose design has incorporated social or environmental concerns, risks and / or opportunities.
The Company operates and manufactures its products [e.g. Metal in concentrate, refined copper cathode, continuous cast wire rods] in such a manner as to protect the environment, interests of employees and general public. The company has temporarily suspended the operation of Smelting and refining operation as a part of business decision and operating the continuous cast wire rod plant on third party tolling mode. - For each such product, provide the following details in respect of resource use (energy, water, raw material etc.) per unit of product (optional):
- Reduction during sourcing / production / distribution achieved since the previous year throughout the value chain
- Reduction during usage by consumers (energy, water) has been achieved since the previous year
The Company is committed to increase levels of recovery and recycling, as well as making investments in environment friendly technology/process to reduce energy intensity, toxicity and waste.
Energy Conservation: Energy consumption is constantly monitored at the mines, plants and townships with a view to achieve overall reduction. In place of conventional lights, LED lights are installed in all five units to save energy and environment. Total 51.28 lakhs units of electricity has been saved in FY 2021-22 by these LED lights.
Water use efficiency: Reclamation and re-use of used water in order to ensure water conservation is a common practice for all HCL mines and plants. Used water is treated in effluent treatment plants before reuse. The processes are also reviewed and modified regularly with an objective of reducing requirement of water. Treated effluent water is used in horticultural purposes. The company's flagship project, MCP, has constructed Tamra-Jheel with approx. storage quantity of water: 40,000-45,000 cum, at HCL/MCP Colony which is acting as a rainwater harvesting structure. At MCP, Roof top Rainwater harvesting system (Approximate area = 2846 m2) has been implemented. In FY 2021-22 the project has recycled waste water about 43.3% recycling efficiency at concentrator plant.
3. Does the Company have procedures in place for sustainable sourcing (including transportation)? If yes, what percentage of your inputs was sourced sustainably? Also, provide details thereof, in about 50 words or so.
Sustainable sourcing: Before registering / approving any party, the Company scrutinizes carefully relevant documents to verify compliances of all pre-set norms including the environmental norms by the party. In case of major items, Company Officials visits their premises to evaluate all their capabilities including the environmental and social issues.
Logistics improvements: The Company continued to follow multi-modal transportation which is not only efficient & cost effective, but also environmental-friendly. Further, improvements over the years through sealing of containers has successfully reduced the amount of dust emitted thus reducing the
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Hindustan Copper Ltd. published this content on 27 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2022 07:43:10 UTC.