1. Embed life cycle and systems thinking in all business processes
2. Reduce environmental footprint by deploying appropriate systems and technologies
3. Move towards a low carbon business enterprise
4. Strengthen the talent pool to cater to our diverse and integrated nature of business
5. Create a triple bottom-line accounting system
Monday, November 29, 2010
Road Map : Short-term plan
1. Form a sustainability council as an apex body to give impetus to our sustainability strategies
2. Identify and develop measurable goals for sustainability performance indicators
3. Give a structured approach to our social initiatives
4. Create a pan-RIL system for managing organizational knowledge assets with the objective
of empowering every employee with connective organization knowledge for delivering
superior performance
5. Create a sustainability portal for e-enabling data and information collection
2. Identify and develop measurable goals for sustainability performance indicators
3. Give a structured approach to our social initiatives
4. Create a pan-RIL system for managing organizational knowledge assets with the objective
of empowering every employee with connective organization knowledge for delivering
superior performance
5. Create a sustainability portal for e-enabling data and information collection
Sustainability Strategy
sustainable development a cornerstone of business strategy to achieve sustainable and profitable growth.
We adopted principle of materiality and prioritized key issues after collective deliberation by management and key stakeholders. These issues include;
Our sustainable development strategy draws on our proven technology and risk management framework and evolves from the materiality analysis that we have been performing over the years.
The focus areas under our sustainability development strategy include the following:
• Energy Security,
• Health & Safety,
• Corporate Governance and Transparency,
• Product Responsibility,
• Climate Change and Waste Management.
As a company involved in the energy and materials value chain, we are committed to responsible use of
energy.
Our systems and processes ensure optimum energy usage by continuous monitoring of all forms of
energy and increasing the efficiency of operations.
Our Endeavour in exploration & production of oil & gas is to ensure energy availability for India,
minimize dependence on imported crude oil and reduce exposure to vagaries of crude oil prices.
.
Natural gas - a low-carbon, low polluting green fuel that will flow from our fields will create value and be
beneficial to a large section of our society. We are building transformational initiatives to promote use of
alternative energy.
Energy Security
We firmly believe that growth through innovation will give us a big competitive advantage and will be a key Differentiator.
Our goal is to make RIL one of the most innovative companies in the world and to achieve
Breakthrough growth in revenues and profits by creating and implementing sustainable solutions.
We are developing an innovative ecosystem that builds on organizational systems and processes, talent
management, open innovation and world class R&D facilities.
Health and Safety
Safety overrides all production targets – this vision drives us to continuously look for ways to achieve zero
accident at workplace.
Our vision is to develop a dedicated pool of safety professionals and lead in safety performance across our operations by focusing on process safety and behavioral safety.
Environment
Protecting the environment and preserving natural resources is a high priority area.
We set targets for key environment-related performance indicators such as material intensity,
GHG emissions, air quality, water consumption, effluent discharge, waste generation and disposal, and
Conservation of bio-diversity.
For us, product responsibility is to offer efficient and reliable product and services with minimum
Environmental impact throughout the life cycle of the product from the cradle to the grave. Our product and services are designed, manufactured and delivered with principle consideration of customer safety.
Product Responsibility
Social welfare and community development is at the core of our Corporate Social Responsibility (CSR)
philosophy.
Our strategy is to have close and continuous interaction with the people and communities
Around our manufacturing divisions to bring qualitative changes and support the underprivileged.
We contribute in the area of health, education, infrastructure development (drinking water, improving
village infrastructure, construction of schools etc.), relief and assistance in the event of a natural disaster.
Social Institution Building
Made significant investments in E&P of O&G to secure energy supplies
Implemented systems to monitor and measure sustainability performance
Introduced sustainability awareness programmes in the intranet
Formed the Reliance Innovation Council
Sustainability report assured by an independent assurance provider
We adopted principle of materiality and prioritized key issues after collective deliberation by management and key stakeholders. These issues include;
Our sustainable development strategy draws on our proven technology and risk management framework and evolves from the materiality analysis that we have been performing over the years.
The focus areas under our sustainability development strategy include the following:
• Energy Security,
• Health & Safety,
• Corporate Governance and Transparency,
• Product Responsibility,
• Climate Change and Waste Management.
As a company involved in the energy and materials value chain, we are committed to responsible use of
energy.
Our systems and processes ensure optimum energy usage by continuous monitoring of all forms of
energy and increasing the efficiency of operations.
Our Endeavour in exploration & production of oil & gas is to ensure energy availability for India,
minimize dependence on imported crude oil and reduce exposure to vagaries of crude oil prices.
.
Natural gas - a low-carbon, low polluting green fuel that will flow from our fields will create value and be
beneficial to a large section of our society. We are building transformational initiatives to promote use of
alternative energy.
Energy Security
We firmly believe that growth through innovation will give us a big competitive advantage and will be a key Differentiator.
Our goal is to make RIL one of the most innovative companies in the world and to achieve
Breakthrough growth in revenues and profits by creating and implementing sustainable solutions.
We are developing an innovative ecosystem that builds on organizational systems and processes, talent
management, open innovation and world class R&D facilities.
Health and Safety
Safety overrides all production targets – this vision drives us to continuously look for ways to achieve zero
accident at workplace.
Our vision is to develop a dedicated pool of safety professionals and lead in safety performance across our operations by focusing on process safety and behavioral safety.
Environment
Protecting the environment and preserving natural resources is a high priority area.
We set targets for key environment-related performance indicators such as material intensity,
GHG emissions, air quality, water consumption, effluent discharge, waste generation and disposal, and
Conservation of bio-diversity.
For us, product responsibility is to offer efficient and reliable product and services with minimum
Environmental impact throughout the life cycle of the product from the cradle to the grave. Our product and services are designed, manufactured and delivered with principle consideration of customer safety.
Product Responsibility
Social welfare and community development is at the core of our Corporate Social Responsibility (CSR)
philosophy.
Our strategy is to have close and continuous interaction with the people and communities
Around our manufacturing divisions to bring qualitative changes and support the underprivileged.
We contribute in the area of health, education, infrastructure development (drinking water, improving
village infrastructure, construction of schools etc.), relief and assistance in the event of a natural disaster.
Social Institution Building
Made significant investments in E&P of O&G to secure energy supplies
Implemented systems to monitor and measure sustainability performance
Introduced sustainability awareness programmes in the intranet
Formed the Reliance Innovation Council
Sustainability report assured by an independent assurance provider
Key dates in history of Reliance Industry
- 1948 Gujarat native Dhirubhai H. Ambani, aged 16, travels to Aden and begins working as a clerk at a service station.
- 1958 Ambani returns to India and sets up an import-export business, eventually focusing on the textile market, which becomes Reliance Textiles.
- 1966 Reliance launches textile manufacturing, building its first factory.
- 1977 Reliance goes public in one of India's first and largest public offerings.
- 1981 The company begins construction of a polyester filament yarn facility in Patalganga.
- 1986 After Ambani suffers a stroke, sons Mukesh and Anil take over day-to-day direction of the company; the company launches its first petrochemicals production as part of a vertical integration strategy.
- 1991 Reliance Refineries Ltd. is established in preparation for further vertical integration.
- 1993 Reliance Refineries goes public and changes its name to Reliance Petroleum.
- 1997 Reliance Petroleum launches construction of India's largest oil refinery at Jamnagar.
- 1999 Reliance wins a bid for 12 exploration blocks auctioned off by the Indian government.
- 2002 Reliance locates the largest Indian natural gas field in decades; Dhirubhai Ambani dies at age 69; Reliance Petroleum is merged into Reliance Industries.
- 2004 Reliance discovers a new natural gas field in the Bay of Bengal; the company acquires Germany's Trevira, becoming the world's leading manufacturer of polyester.
- 2006 Reliance Industries is broken up between the Ambani brothers
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